The company maintains a debt-to-equity ratio of 0.47 as of 2026Q1, with $50.4 million in goodwill representing nearly 24% of total assets, signaling potential impairment risks.
| Total Current Assets | 117.71M | 173.81M | 188.37M | 124.86M | 135.18M | 193.11M | 169.98M |
| Cash & Short-Term Investments | 12.32M | 16.96M | 12.99M | 18.73M | 11.4M | 37.72M | 46.68M |
| Cash Only | 12.32M | 16.96M | 12.99M | 18.73M | 11.4M | 37.72M | 46.68M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 30.4M | 76.8M | 93.12M | 54.39M | 43.34M | 35.95M | 43.87M |
| Days Sales Outstanding | 61.32 | 87.62 | 91.18 | 76.91 | 65.86 | 35.82 | 44.46 |
| Inventory | 64.32M | 69.22M | 71.25M | 44.02M | 71.25M | 101.93M | 71.3M |
| Days Inventory Outstanding | 142.89 | 125.93 | 106.68 | 87.98 | 136.18 | 156.34 | 115 |
| Other Current Assets | 10.68M | 10.83M | 11.01M | 7.72M | 9.2M | 0 | 0 |
| Total Non-Current Assets | 92.21M | 95.24M | 110.49M | 25.11M | 28.21M | 37.39M | 33.48M |
| Property, Plant & Equipment | 2.45M | 3M | 5.84M | 4.82M | 6.36M | 6.96M | 6.58M |
| Fixed Asset Turnover | 84.79x | 106.82x | 63.79x | 53.51x | 37.75x | 52.67x | 54.77x |
| Goodwill | 50.43M | 50.43M | 52.94M | 10.69M | 10.69M | 10.69M | 8.18M |
| Intangible Assets | 32.34M | 34.34M | 42.4M | 1.73M | 2.61M | 5.79M | 5.14M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 6.99M | 7.47M | 9.31M | 7.87M | 8.55M | 8.06M | 6.64M |
| Total Assets | 209.93M | 269.05M | 298.86M | 149.97M | 163.39M | 230.5M | 203.45M |
| Asset Turnover | 1.20x | 1.19x | 1.25x | 1.72x | 1.47x | 1.59x | 1.77x |
| Asset Growth % | -45.32% | -9.97% | 99.28% | -8.21% | -29.12% | 13.3% | - |
| Total Current Liabilities | 47.81M | 87.68M | 123.67M | 56.33M | 64.33M | 78.17M | 78.65M |
| Accounts Payable | 20.79M | 24.93M | 34.84M | 26.91M | 19.85M | 40.48M | 42.53M |
| Days Payables Outstanding | 59.49 | 45.36 | 52.16 | 53.78 | 37.93 | 62.08 | 68.59 |
| Short-Term Debt | 8.57M | 37.95M | 50.66M | 0 | 19.05M | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 14.58M | 24.79M | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 2.46x | 1.98x | 1.52x | 2.22x | 2.10x | 2.47x | 2.16x |
| Quick Ratio | 1.12x | 1.19x | 0.95x | 1.43x | 0.99x | 1.17x | 1.25x |
| Cash Conversion Cycle | 144.71 | 168.19 | 145.7 | 111.11 | 164.11 | 130.08 | 90.87 |
| Total Non-Current Liabilities | 50.26M | 52.88M | 54.59M | 8.56M | 10.11M | 10.97M | 8.4M |
| Long-Term Debt | 44.27M | 46.34M | 45.62M | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 7.1M | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 128K |
| Other Non-Current Liabilities | 5.98M | 6.54M | 1.87M | 8.56M | 10.11M | 10.97M | 8.28M |
| Total Liabilities | 98.07M | 140.56M | 178.26M | 64.89M | 74.45M | 89.14M | 87.05M |
| Total Debt | 52.84M | 84.29M | 105.19M | 0 | 19.05M | 0 | 0 |
| Net Debt | 40.52M | 67.33M | 92.2M | -18.73M | 7.66M | -37.72M | -46.68M |
| Debt / Equity | 0.47x | 0.66x | 0.87x | - | 0.21x | - | - |
| Debt / EBITDA | 2.80x | 2.64x | 3.35x | - | - | - | - |
| Net Debt / EBITDA | 2.15x | 2.11x | 2.93x | - | - | -1.47x | -0.86x |
| Interest Coverage | 1.31x | 2.00x | 2.32x | -33.41x | -43.63x | 53.61x | 113.33x |
| Total Equity | 111.86M | 128.5M | 120.6M | 85.08M | 88.94M | 141.37M | 116.4M |
| Equity Growth % | 18.76% | 6.55% | 41.76% | -4.34% | -37.09% | 21.45% | - |
| Book Value per Share | 5.74 | 6.28 | 5.79 | 4.97 | 5.41 | 7.75 | 7.11 |
| Total Shareholders' Equity | 111.86M | 128.5M | 120.6M | 85.08M | 88.94M | 141.37M | 116.4M |
| Common Stock | 20K | 19K | 20K | 18K | 17K | 16K | 15K |
| Retained Earnings | -117.57M | -102.36M | -118.09M | -134.28M | -116.6M | -57.05M | -74.77M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 1.01M | 1.65M | -1.3M | -849K | -1.39M | 127K | 589K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Inventory and liquidity volatility
As reported in recent financial statements, Turtle Beach's total assets have declined from a peak of $313.2 million in 2024Q3 to $209.9 million in 2026Q1, signaling a significant reduction in the company's operational footprint and a potential contraction in its underlying business scale over the last two years.
The consistent decline in asset base suggests that the company is struggling to maintain its previous market presence, likely due to the normalization of post-pandemic demand. Investors should monitor whether this shrinkage represents a strategic rightsizing or a forced retreat from competitive retail shelf space.
Based on the company's reported figures, the debt-to-equity ratio has fluctuated significantly, reaching a high of 1.02 in 2024Q3 before moderating to 0.47 in 2026Q1, which indicates that debt is primarily utilized to manage seasonal working capital requirements rather than for long-term capital investment.
The reliance on debt to bridge seasonal gaps suggests that the company's cash flow generation is insufficient to fund its own inventory cycles independently. This dependency on credit facilities warrants further investigation into the company's ability to service these obligations if revenue contraction persists.
According to recent SEC filings, the company's cash position has remained consistently low, hovering near $12.3 million as of 2026Q1, which provides a limited buffer against the inherent volatility of the consumer electronics market and the company's seasonal revenue recognition patterns.
A current ratio of 2.46 may appear healthy on the surface, but it is heavily dependent on inventory levels that may be subject to rapid obsolescence. The lack of significant cash reserves limits management's ability to pivot toward new product categories or weather prolonged periods of negative operating cash flow.
As indicated in the balance sheet data, goodwill remains a substantial component of total assets at $50.4 million, representing nearly 24% of the total asset base as of 2026Q1, which suggests a potential risk of future impairment charges if the ROCCAT acquisition fails to deliver expected synergies.
The persistence of this goodwill value, despite the company's recent revenue contraction and operating losses, appears optimistic. Investors should consider the possibility that these intangible assets may need to be written down, which would further erode the company's equity base and weaken its financial position.
Quick answers to the most common questions about buying TBCH stock.
As of 2025, Turtle Beach Corporation (TBCH) had total assets of $269.1M including $173.8M in current assets.
Turtle Beach Corporation (TBCH) carries total debt of $84.3M, offset by $17.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Turtle Beach Corporation (TBCH) has total shareholders' equity (book value) of $128.5M ($6.28 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Turtle Beach Corporation (TBCH) reported a current ratio of 1.98x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.