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Bel Fuse Class B (BELFB)
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Bel Fuse Class B Balance Sheet 2025-2008 | BELFB
Brief overview of Bel Fuse Class B's financial position
The balance sheet is assessed across five available annual reports spanning 2021 to 2025.
Assets advanced +82.7% to $935.2 million from $511.8 million; annual growth near 16.3% reflects a fast increase in scale.
Growth in the asset base was not matched by liabilities: +82.7% versus +37.4%. The balance sheet moved in a more conservative direction.
Shareholders' equity accounts for 45.5% of assets, previously 40.8%. Dependence on liabilities is moderate.
The net-debt-to-equity ratio is 0.35x. Balance sheet leverage is low on this measure.
The cash reserve occupies 6.2% of the balance sheet, previously 12.1%. It is one marker of short-term resilience.
Accumulated earnings ended at $403.1 million, a change of +114.5%. They remain an important part of the capital base.
Conclusion
Bel Fuse Class B's financial position is positive on balance sheet evidence. Growth in resources has not undermined capital strength.
Annual Balance Sheet Bel Fuse Class B
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
148 M | 227 M | -23 M | 30.6 M | 57.6 M | 30.6 M | 71.4 M | 60.3 M | 53.3 M | 67.8 M | 102 M | 155 M | -49.4 M | -71.1 M | -65.3 M | - | - | - |
Long Term Debt |
198 M | 288 M | 60 M | 95 M | 112 M | 110 M | 138 M | 112 M | 120 M | 130 M | 162 M | 219 M | - | - | - | - | - | - |
Long Term Debt Current |
8.03 M | 7.95 M | 6.35 M | 5.87 M | 6.88 M | 6.59 M | 7.38 M | 2.51 M | 2.64 M | 11.4 M | 24.8 M | 13.4 M | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | 181 M | 211 M | 161 M | 186 M | 176 M | 232 M | 289 M | 12.5 M | 13.4 M | 13.4 M | 10.6 M | - | - |
Total Current Liabilities |
127 M | 128 M | 111 M | 136 M | 112 M | 87.5 M | 90.2 M | 106 M | 87.3 M | 92.3 M | 122 M | 122 M | 66.9 M | 46.4 M | 42.4 M | 46.3 M | - | - |
Total Liabilities |
417 M | 509 M | 231 M | 298 M | 303 M | 268 M | 301 M | 267 M | 273 M | 268 M | 354 M | 411 M | 79.3 M | 59.8 M | 55.8 M | 56.8 M | - | - |
Deferred Revenue |
9.77 M | 6.12 M | 3.05 M | 8.85 M | 2.22 M | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
403 M | 345 M | 308 M | 237 M | 188 M | 166 M | 157 M | 169 M | 148 M | 161 M | 229 M | 214 M | 208 M | 195 M | 196 M | 195 M | - | - |
Total Assets |
935 M | 950 M | 572 M | 560 M | 512 M | 454 M | 469 M | 444 M | 431 M | 427 M | 587 M | 636 M | 308 M | 275 M | 277 M | 277 M | - | - |
Cash and Cash Equivalents |
57.8 M | 68.3 M | 89.4 M | 70.3 M | 61.8 M | 84.9 M | 72.3 M | 53.9 M | 69.4 M | 73.4 M | 85 M | 77.1 M | 62.1 M | 71.3 M | 88.2 M | 83.8 M | 124 M | 75 M |
Book Value |
519 M | 441 M | 341 M | 262 M | 209 M | 186 M | 168 M | 176 M | 158 M | 158 M | 233 M | 225 M | 229 M | 215 M | 221 M | 220 M | - | - |
Total Shareholders Equity |
426 M | 361 M | 341 M | 262 M | 209 M | 186 M | 168 M | 176 M | 158 M | 158 M | 233 M | 224 M | 229 M | 215 M | 221 M | 220 M | 209 M | 218 M |
All numbers in USD currency
Quarterly Balance Sheet Bel Fuse Class B
| 2026-Q2 | 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
- | 204 M | 225 M | 250 M | 280 M | 60 M | 60 M | 60 M | 60 M | 60 M | 100 M | 95 M | 110 M | - | 112 M | 112 M | 112 M | 105 M | 107 M | 110 M | 110 M | 110 M | 110 M | 138 M | 138 M | 138 M | 138 M | 112 M | 112 M | 112 M | 112 M | 120 M | 120 M | 120 M | 120 M | 130 M | 130 M | 130 M | 130 M | 159 M | 159 M | 159 M | 159 M | 219 M | 219 M | 219 M | 219 M | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 290 M | 151 M | 13 M | 12.5 M | 13.7 M | 12.5 M | 12.5 M | 13.4 M | 13.8 M | 13.4 M | 13.4 M | 13.4 M | 13.4 M | 13.4 M | 13.4 M |
Total Liabilities |
252 M | 416 M | 444 M | 465 M | 483 M | 217 M | 211 M | 209 M | 238 M | 248 M | 296 M | 298 M | 318 M | - | 305 M | 303 M | 287 M | 277 M | 270 M | 268 M | 268 M | 268 M | 268 M | 301 M | 301 M | 301 M | 301 M | 267 M | 267 M | 267 M | 267 M | 273 M | 273 M | 273 M | 273 M | 268 M | 268 M | 268 M | 268 M | 345 M | 345 M | 345 M | 350 M | 411 M | 411 M | 411 M | 411 M | 79.4 M | 79.4 M | 79.4 M | 79.4 M | 59.8 M | 60.2 M | 59.8 M | 59.8 M | 55.8 M | 55.8 M | 55.8 M | 55.8 M |
Deferred Revenue |
10.6 M | 8.54 M | 12.1 M | 12.3 M | 5.46 M | 2.58 M | 2.32 M | 2.61 M | 2.94 M | 3.54 M | 7.14 M | 8.85 M | 11.3 M | - | 3.98 M | 2.22 M | 1.13 M | 1.18 M | 2.29 M | 2.08 M | 2.08 M | 2.08 M | 2.08 M | 653 K | 653 K | 653 K | 653 K | 1.04 M | 776 K | 1.04 M | 1.04 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
438 M | 414 M | 409 M | 388 M | 362 M | 348 M | 340 M | 323 M | 296 M | 278 M | 251 M | 237 M | 224 M | - | 192 M | 188 M | 181 M | 176 M | 169 M | 166 M | 166 M | 166 M | 166 M | 157 M | 157 M | 157 M | 157 M | 169 M | 169 M | 169 M | 169 M | 148 M | 148 M | 148 M | 148 M | 161 M | 161 M | 161 M | 161 M | 229 M | 229 M | 229 M | 229 M | 213 M | 213 M | 213 M | 214 M | 208 M | 208 M | 208 M | 208 M | 195 M | 195 M | 195 M | 195 M | 196 M | 196 M | 196 M | 196 M |
Total Assets |
1.26 B | 952 M | 953 M | 951 M | 940 M | 584 M | 568 M | 555 M | 559 M | 552 M | 575 M | 560 M | 554 M | - | 520 M | 512 M | 488 M | 474 M | 456 M | 454 M | 454 M | 454 M | 454 M | 469 M | 469 M | 469 M | 469 M | 444 M | 444 M | 444 M | 444 M | 431 M | 431 M | 431 M | 431 M | 427 M | 427 M | 427 M | 427 M | 579 M | 579 M | 579 M | 583 M | 630 M | 635 M | 635 M | 636 M | 308 M | 308 M | 308 M | 308 M | 275 M | 276 M | 275 M | 275 M | 277 M | 277 M | 277 M | 277 M |
Cash and Cash Equivalents |
306 M | 59.4 M | 57.7 M | 59.3 M | 65.9 M | 134 M | 85 M | 71.3 M | 100 M | 65.1 M | 77.8 M | 70.3 M | 70.9 M | - | 51.2 M | 61.8 M | 62 M | 66.4 M | 74 M | 84.9 M | 84.9 M | 84.9 M | 84.9 M | 72.3 M | 72.3 M | 72.3 M | 72.3 M | 53.9 M | 53.9 M | 53.9 M | 53.9 M | 69.4 M | 69.4 M | 69.4 M | 69.4 M | 73.4 M | 73.4 M | 73.4 M | 73.4 M | 85 M | 85 M | 85 M | 85 M | 77.1 M | 77.1 M | 77.1 M | 77.1 M | 62.1 M | 62.1 M | 62.1 M | 62.1 M | 71.3 M | 71.3 M | 71.3 M | 71.3 M | 88.2 M | 88.2 M | 88.2 M | 88.2 M |
Book Value |
1.01 B | 536 M | 509 M | 486 M | 458 M | 367 M | 356 M | 347 M | 321 M | 304 M | 278 M | 262 M | 236 M | - | 215 M | 209 M | 200 M | 197 M | 186 M | 186 M | 186 M | 186 M | 186 M | 168 M | 168 M | 168 M | 168 M | 176 M | 176 M | 176 M | 176 M | 158 M | 158 M | 158 M | 158 M | 158 M | 158 M | 158 M | 158 M | 233 M | 233 M | 233 M | 233 M | 219 M | 224 M | 224 M | 225 M | 229 M | 229 M | 229 M | 229 M | 215 M | 215 M | 215 M | 215 M | 221 M | 221 M | 221 M | 221 M |
Total Shareholders Equity |
909 M | 439 M | 428 M | 405 M | 377 M | 367 M | 356 M | 347 M | 321 M | 304 M | 278 M | 262 M | 236 M | 226 M | 215 M | 209 M | 200 M | 197 M | 186 M | 186 M | 186 M | 186 M | 186 M | 168 M | 168 M | 168 M | 168 M | 176 M | 176 M | 176 M | 176 M | 158 M | 158 M | 158 M | 158 M | 158 M | 158 M | 158 M | 158 M | 233 M | 233 M | 233 M | 233 M | 224 M | 224 M | 224 M | 225 M | 229 M | 229 M | 229 M | 229 M | 215 M | 215 M | 215 M | 215 M | 221 M | 221 M | 221 M | 221 M |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Bel Fuse Class B, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
Balance sheet of other industry stocks – Electronic components
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|---|---|---|---|---|---|
|
Amphenol Corporation
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|
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|
Bel Fuse Class A
BELFA
|
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|
Benchmark Electronics
BHE
|
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|
Celestica
CLS
|
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|
CPS Technologies Corporation
CPSH
|
$ 3.98 | 3.55 % | $ 60.8 M | ||
|
Data I/O Corporation
DAIO
|
$ 2.8 | 1.08 % | $ 26.1 M | ||
|
Flex Ltd.
FLEX
|
$ 110.07 | 7.19 % | $ 40.8 B | ||
|
Fabrinet
FN
|
$ 387.82 | 2.63 % | $ 13.9 B | ||
|
Corning Incorporated
GLW
|
$ 144.04 | 2.01 % | $ 123 B | ||
|
Kopin Corporation
KOPN
|
$ 4.35 | 3.99 % | $ 745 M | ||
|
Littelfuse
LFUS
|
$ 398.67 | 4.57 % | $ 9.89 B | ||
|
The LGL Group
LGL
|
$ 6.73 | 0.29 % | $ 37.3 M | ||
|
LightPath Technologies
LPTH
|
$ 9.21 | 0.11 % | $ 376 M | ||
|
Methode Electronics
MEI
|
$ 13.91 | 7.8 % | $ 494 M | ||
|
Neonode
NEON
|
$ 0.84 | 1.27 % | $ 14.1 M | ||
|
Nortech Systems Incorporated
NSYS
|
$ 11.47 | 2.5 % | $ 31.8 M | ||
|
OSI Systems
OSIS
|
$ 202.22 | 1.51 % | $ 3.35 B | ||
|
Plexus Corp.
PLXS
|
$ 242.32 | 3.4 % | $ 6.55 B | ||
|
Research Frontiers Incorporated
REFR
|
$ 0.38 | 5.91 % | $ 12.8 M | ||
|
Richardson Electronics, Ltd.
RELL
|
$ 16.52 | 2.52 % | $ 246 M | ||
|
Rogers Corporation
ROG
|
$ 131.6 | 3.01 % | $ 2.4 B | ||
|
Sanmina Corporation
SANM
|
$ 198.81 | 6.24 % | $ 10.7 B | ||
|
TE Connectivity Ltd.
TEL
|
$ 205.19 | 3.58 % | $ 60.9 B | ||
|
Vicor Corporation
VICR
|
$ 188.59 | 11.15 % | $ 8.49 B | ||
|
CTS Corporation
CTS
|
$ 56.89 | 2.75 % | $ 1.68 B | ||
|
Jabil
JBL
|
$ 303.6 | 5.07 % | $ 33.2 B | ||
|
LSI Industries
LYTS
|
$ 20.04 | 0.05 % | $ 659 M | ||
|
TTM Technologies
TTMI
|
$ 116.2 | 3.35 % | $ 11.9 B | ||
|
VIA optronics AG
VIAO
|
- | -4.25 % | $ 997 K | - | |
|
SMTC Corporation
SMTX
|
- | - | $ 172 M | ||
|
IEC Electronics Corp.
IEC
|
- | - | $ 164 M | ||
|
Atotech Limited
ATC
|
- | 0.04 % | $ 4.41 B | ||
|
Allied Motion Technologies
AMOT
|
- | 2.07 % | $ 526 M | ||
|
SigmaTron International
SGMA
|
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