Taiwan Semiconductor Manufacturing Company Limited (TSM) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 4.26T | 3.82T | 3.44T | 3.26T | 3.35T | 3.09T | 2.77T | 2.59T | 2.45T | 2.19T | 2.08T | 1.96T | 2T | 2.05T | 2.01T | 1.91T | 1.72T | 1.61T | 1.37T | 1.24T |
| Cash & Short-Term Investments | 3.38T | 3.13T | 2.75T | 2.68T | 2.76T | 2.49T | 2.16T | 2.08T | 1.96T | 1.71T | 1.58T | 1.51T | 1.61T | 1.59T | 1.52T | 1.45T | 1.3T | 1.2T | 989.79B | 883.28B |
| Cash Only | 3.03T | 2.77T | 2.47T | 2.36T | 2.39T | 2.13T | 1.89T | 1.8T | 1.7T | 1.47T | 1.31T | 1.28T | 1.39T | 1.34T | 1.3T | 1.25T | 1.15T | 1.06T | 853.81B | 747.98B |
| Short-Term Investments | 347.89B | 360.44B | 280.27B | 319.11B | 367.76B | 357.52B | 280.31B | 285.13B | 257.17B | 249.38B | 266.27B | 237.93B | 229.1B | 243.69B | 222.92B | 197.05B | 145.66B | 139.92B | 135.98B | 135.3B |
| Accounts Receivable | 362.93B | 282.06B | 307.87B | 238.25B | 243.95B | 272.09B | 249.48B | 212.61B | 202.06B | 202.01B | 222.91B | 193.55B | 148.12B | 231.41B | 261.61B | 224.59B | 213.49B | 198.36B | 187.24B | 179.97B |
| Days Sales Outstanding | 25.59 | 25.7 | 25.38 | 23.5 | 27.67 | 27.63 | 27.98 | 28.01 | 31.02 | 31.25 | 35.04 | 32.33 | 33.58 | 36.26 | 36.48 | 37.32 | 37.74 | 40.47 | 40.74 | 42.49 |
| Inventory | 311.39B | 288.11B | 288.69B | 304.19B | 293.39B | 287.87B | 292.22B | 272.49B | 267.12B | 251B | 262.09B | 234.33B | 216.07B | 221.15B | 218.34B | 217.44B | 200.12B | 193.1B | 182.23B | 170.44B |
| Days Inventory Outstanding | 70.47 | 66.69 | 67.95 | 70.36 | 75.63 | 74.94 | 81.09 | 77.85 | 84.76 | 80.34 | 91.31 | 92.88 | 88.57 | 85.54 | 82.61 | 86.88 | 81.22 | 83.2 | 80.34 | 79.53 |
| Other Current Assets | 207.41B | 118.66B | 88.42B | 38.84B | 45.76B | 43.25B | 63.11B | 22.3B | 28.22B | 26.22B | 19.41B | 17.43B | 17.2B | 13.84B | 15.35B | 13.6B | 11.38B | 10.69B | 11.37B | 7.41B |
| Total Non-Current Assets | 4.39T | 4.12T | 3.92T | 3.74T | 3.79T | 3.6T | 3.39T | 3.39T | 3.34T | 3.34T | 3.4T | 3.19T | 3.05T | 2.91T | 2.63T | 2.44T | 2.27T | 2.12T | 1.96T | 1.85T |
| Property, Plant & Equipment | 3.95T | 3.74T | 3.54T | 3.43T | 3.44T | 3.28T | 3.07T | 3.15T | 3.09T | 3.1T | 3.17T | 2.99T | 2.88T | 2.74T | 2.45T | 2.28T | 2.14T | 2.01T | 1.86T | 1.76T |
| Fixed Asset Turnover | 0.29x | 0.29x | 0.28x | 0.27x | 0.25x | 0.27x | 0.24x | 0.22x | 0.19x | 0.20x | 0.18x | 0.16x | 0.18x | 0.24x | 0.26x | 0.24x | 0.24x | 0.23x | 0.23x | 0.22x |
| Goodwill | 5.97B | 5.89B | 5.77B | 5.58B | 6.13B | 6.07B | 5.92B | 6.03B | 5.97B | 5.8B | 6B | 5.85B | 5.75B | 5.79B | 5.93B | 5.66B | 5.5B | 5.38B | 5.4B | 5.41B |
| Intangible Assets | 18.75B | 19.06B | 19.79B | 19.13B | 19.32B | 20.21B | 16.17B | 16.4B | 16.27B | 16.97B | 17.41B | 18B | 18.54B | 20.21B | 20.77B | 21.55B | 20.12B | 21.44B | 20.24B | 21.13B |
| Long-Term Investments | 166.53B | 172.19B | 148.98B | 137.43B | 160.79B | 148.87B | 127.04B | 140.22B | 138.47B | 129.27B | 116.35B | 94.61B | 69.91B | 68.61B | 75.8B | 64.44B | 45.74B | 29.18B | 27.73B | 28.94B |
| Other Non-Current Assets | 249.41B | 119.87B | 138.85B | 84.24B | 92.6B | 87.21B | 104.79B | 17.52B | 18.7B | 17.05B | 17.37B | 13.83B | 11.72B | 12.02B | 9.67B | 7.96B | 7.93B | 5.22B | 4.52B | 4.63B |
| Total Assets | 8.66T | 7.93T | 7.35T | 7.01T | 7.13T | 6.69T | 6.17T | 5.98T | 5.79T | 5.53T | 5.48T | 5.15T | 5.05T | 4.96T | 4.64T | 4.35T | 3.99T | 3.73T | 3.33T | 3.09T |
| Asset Turnover | 0.14x | 0.14x | 0.14x | 0.13x | 0.12x | 0.14x | 0.13x | 0.11x | 0.10x | 0.11x | 0.10x | 0.09x | 0.10x | 0.13x | 0.14x | 0.13x | 0.13x | 0.12x | 0.13x | 0.12x |
| Asset Growth % | 21.39% | 18.55% | 19.28% | 17.12% | 23.24% | 20.96% | 12.42% | 16.17% | 14.71% | 11.44% | 18.12% | 18.49% | 26.38% | 33.26% | 39.34% | 40.52% | 36.78% | 34.95% | 26.44% | 26.3% |
| Total Current Liabilities | 1.71T | 1.52T | 1.28T | 1.38T | 1.4T | 1.31T | 1.08T | 1.05T | 1.03T | 942.81B | 970.03B | 810.83B | 873.09B | 986.56B | 807.43B | 845.24B | 822.87B | 758.35B | 655.62B | 659.56B |
| Accounts Payable | 99.83B | 260.28B | 259.86B | 244.91B | 274.72B | 265.44B | 70.66B | 199.51B | 183.6B | 227.21B | 283B | 188.55B | 203.68B | 268.38B | 219.93B | 218.51B | 171.57B | 193.03B | 170.1B | 146.87B |
| Days Payables Outstanding | 42.33 | 60.14 | 57.85 | 61.19 | 70.28 | 43.42 | 38.79 | 55.27 | 67.2 | 79.89 | 86.73 | 80.88 | 95.63 | 95.04 | 83.12 | 81.17 | 75.3 | 80.5 | 72.21 | 71.59 |
| Short-Term Debt | 159.81B | 136.93B | 76.23B | 0 | 61.77B | 59.86B | 61.57B | 23.08B | 12.5B | 9.29B | 7.42B | 8.13B | 8.04B | 19.31B | 23.43B | 115.58B | 144.55B | 119.49B | 118.84B | 139.38B |
| Deferred Revenue (Current) | 50.41B | 0 | 0 | 0 | 0 | 0 | 86.74B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 885.9B | 106.44B | 75.72B | 210.97B | 94.68B | 71.34B | 694.83B | 79.71B | 65.2B | 78.17B | 64.72B | 92.58B | 74.82B | 61.87B | 45.65B | 80.95B | 67.76B | 37.22B | 28.63B | 54.17B |
| Current Ratio | 2.49x | 2.51x | 2.69x | 2.37x | 2.39x | 2.36x | 2.57x | 2.47x | 2.39x | 2.33x | 2.15x | 2.42x | 2.29x | 2.08x | 2.49x | 2.25x | 2.09x | 2.12x | 2.09x | 1.88x |
| Quick Ratio | 2.31x | 2.32x | 2.47x | 2.15x | 2.18x | 2.14x | 2.30x | 2.21x | 2.13x | 2.06x | 1.88x | 2.13x | 2.04x | 1.86x | 2.22x | 2.00x | 1.85x | 1.86x | 1.81x | 1.62x |
| Cash Conversion Cycle | 53.73 | 32.25 | 35.48 | 32.67 | 33.02 | 59.15 | 70.28 | 50.59 | 48.58 | 31.7 | 39.61 | 44.33 | 26.52 | 26.75 | 35.97 | 43.03 | 43.65 | 43.18 | 48.87 | 50.43 |
| Total Non-Current Liabilities | 1.01T | 1.01T | 1.04T | 1.01T | 1.13T | 1.1T | 1.06T | 1.11T | 1.1T | 1.14T | 1.14T | 1.13T | 1.08T | 1.06T | 1.08T | 990.24B | 848.34B | 815.27B | 598.37B | 451.1B |
| Long-Term Debt | 900.82B | 896.06B | 918.23B | 883.67B | 986.98B | 958.43B | 934.05B | 974.34B | 965.56B | 918.28B | 937.49B | 907.32B | 854.79B | 839.1B | 845.44B | 757.21B | 632.74B | 613.38B | 463.21B | 413.64B |
| Capital Lease Obligations | 33.5B | 31.59B | 30.98B | 31.36B | 29.12B | 28.76B | 28.14B | 28.22B | 28.47B | 28.68B | 29.42B | 29.73B | 29.98B | 29.76B | 30.18B | 22.51B | 21.07B | 20.76B | 21.05B | 21.03B |
| Deferred Tax Liabilities | 3.88B | 3.89B | 3.96B | 3.95B | 3.97B | 3.99B | 61.24M | 57.24M | 42.86M | 53.8M | 212.55M | 373.56M | 726M | 1.03B | 1.47B | 940.67M | 1.9B | 1.87B | 2.31B | 2.14B |
| Other Non-Current Liabilities | 75.88B | 82.66B | 89.45B | 93.41B | 111.79B | 112.66B | 98.97B | 110.68B | 101.92B | 188.51B | 174.58B | 195.74B | 194.36B | 190.17B | 206.46B | 209.58B | 192.64B | 179.25B | 111.16B | 13.89B |
| Total Liabilities | 2.73T | 2.54T | 2.32T | 2.39T | 2.53T | 2.41T | 2.14T | 2.16T | 2.12T | 2.08T | 2.11T | 1.94T | 1.95T | 2.05T | 1.89T | 1.84T | 1.67T | 1.57T | 1.25T | 1.11T |
| Total Debt | 1.09T | 1.06T | 1.03T | 915.04B | 1.08T | 1.05T | 1.02T | 1.03T | 1.01T | 956.26B | 974.33B | 945.18B | 892.81B | 888.17B | 899.05B | 895.3B | 798.35B | 753.63B | 603.1B | 574.05B |
| Net Debt | -1.94T | -1.7T | -1.45T | -1.45T | -1.32T | -1.08T | -863.02B | -773.49B | -691.67B | -509.17B | -337.48B | -331.54B | -492.42B | -454.64B | -396.96B | -357.89B | -353.23B | -311.36B | -250.71B | -173.93B |
| Debt / Equity | 0.18x | 0.20x | 0.20x | 0.20x | 0.23x | 0.24x | 0.25x | 0.27x | 0.27x | 0.28x | 0.29x | 0.29x | 0.29x | 0.30x | 0.33x | 0.36x | 0.34x | 0.35x | 0.29x | 0.29x |
| Debt / EBITDA | 1.33x | 1.45x | 1.55x | 1.11x | 1.89x | 1.76x | 1.94x | 2.27x | 2.47x | 2.33x | 2.60x | 2.90x | 2.61x | 2.05x | 2.16x | 2.39x | 2.38x | 2.57x | 2.17x | 2.30x |
| Net Debt / EBITDA | -2.36x | -2.32x | -2.18x | -1.75x | -2.31x | -1.81x | -1.63x | -1.71x | -1.70x | -1.24x | -0.90x | -1.02x | -1.44x | -1.05x | -0.95x | -0.95x | -1.05x | -1.06x | -0.90x | -0.70x |
| Interest Coverage | 253.16x | - | 5315.19x | 133.57x | 159.95x | 178.87x | 146.76x | 117.11x | 99.78x | 96.35x | 78.75x | 72.44x | 83.42x | 101.32x | 94.97x | 92.59x | 106.96x | 85.99x | 131.32x | 132.69x |
| Total Equity | 5.93T | 5.4T | 5.04T | 4.62T | 4.6T | 4.28T | 4.02T | 3.82T | 3.67T | 3.45T | 3.37T | 3.21T | 3.09T | 2.92T | 2.75T | 2.51T | 2.32T | 2.15T | 2.08T | 1.98T |
| Equity Growth % | 28.89% | 26.1% | 25.2% | 20.85% | 25.53% | 23.9% | 19.25% | 19.18% | 18.52% | 18.37% | 22.54% | 27.68% | 33.23% | 35.61% | 32.43% | 26.66% | 19.6% | 17.21% | 16.22% | 15.15% |
| Book Value per Share | 1143.62 | 1040.43 | 970.99 | 890.25 | 887.36 | 825.27 | 775.59 | 736.60 | 706.86 | 665.94 | 650.39 | 618.11 | 596.41 | 562.63 | 530.74 | 484.10 | 447.64 | 414.90 | 400.75 | 382.18 |
| Total Shareholders' Equity | 5.89T | 5.36T | 5T | 4.58T | 4.56T | 4.24T | 3.99T | 3.79T | 3.64T | 3.43T | 3.35T | 3.19T | 3.08T | 2.9T | 2.74T | 2.5T | 2.31T | 2.15T | 2.08T | 1.98T |
| Common Stock | 259.27B | 259.33B | 259.33B | 0 | 259.33B | 259.33B | 258.74B | 259.34B | 259.34B | 259.32B | 259.32B | 259.32B | 259.32B | 259.3B | 259.3B | 259.3B | 259.32B | 259.3B | 259.3B | 259.3B |
| Retained Earnings | 5.19T | 5.04T | 4.26T | 4.12T | 3.85T | 3.87T | 3.35T | 3.13T | 3.29T | 3.13T | 2.68T | 2.54T | 2.77T | 2.59T | 2.07T | 1.84T | 2.04T | 1.89T | 1.81T | 1.71T |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.09B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -871.57M | 0 | 0 | 0 |
| Accumulated OCI | 400.92B | 0 | 492.7B | 311.15B | 311.15B | 40.41B | 325.48B | 311.15B | 0 | 0 | 328.38B | 334.74B | 0 | 0 | 346.21B | 358.21B | 0 | 370.45B | 0 | 0 |
| Minority Interest | 41.42B | 41.18B | 37.27B | 35.56B | 37.46B | 35.01B | 31.9B | 28.75B | 29.98B | 24.34B | 24.47B | 16.72B | 14.66B | 14.81B | 14.34B | 14.11B | 7.04B | 2.42B | 2.3B | 2.16B |