Gulf Island Fabrication, Inc. (GIFI) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | 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 | Q1'21 | Q4'20 |
|---|
| Total Current Assets | 118.24M | 105.4M | 111.58M | 105.41M | 102.48M | 105.34M | 99.73M | 101.63M | 87.53M | 90.85M | 102.25M | 87.07M | 87.68M | 85.35M | 81.72M | 83.68M | 93.71M | 100.11M | 153.27M | 152.76M |
| Cash & Short-Term Investments | 63.36M | 60.99M | 66.28M | 66.07M | 65.35M | 61.62M | 59.82M | 46.41M | 40.56M | 39.02M | 43.51M | 43.13M | 36.07M | 39.12M | 41.06M | 52.89M | 71.67M | 64.83M | 40.65M | 51.16M |
| Cash Only | 23.21M | 46.83M | 28.64M | 27.28M | 21.33M | 9.51M | 32.47M | 38.18M | 25.13M | 23.86M | 28.52M | 33.22M | 26.26M | 39.12M | 41.06M | 52.89M | 71.67M | 64.83M | 32.65M | 43.16M |
| Short-Term Investments | 40.16M | 14.17M | 37.64M | 38.78M | 44.02M | 52.12M | 27.35M | 8.23M | 15.44M | 15.16M | 14.99M | 9.9M | 9.81M | 0 | 0 | 0 | 0 | 0 | 8M | 8M |
| Accounts Receivable | 47.37M | 35.56M | 35.48M | 31.1M | 29.32M | 35.65M | 31.8M | 39.04M | 39.99M | 42.98M | 49.08M | 34.27M | 40.82M | 32M | 26.34M | 20.75M | 10.47M | 16.11M | 89.55M | 19.19M |
| Days Sales Outstanding | 335.43 | 345.8 | 321.56 | 303.37 | 284.31 | 315.39 | 270.65 | 319.83 | 2.91K | 398.89 | 288.18 | 327.93 | 376.3 | 325.34 | 335.11 | 293.35 | 195.2 | 242.27 | 1.37K | 307.75 |
| Inventory | 2.72M | 2.73M | 3.01M | 1.91M | 2.27M | 2.33M | 2M | 2.07M | 2.34M | 2.64M | 2.54M | 1.6M | 1.66M | 1.75M | 1.7M | 1.78M | 1.67M | 1.77M | 2.1M | 2.16M |
| Days Inventory Outstanding | 21.25 | 29.38 | 32.66 | 23.12 | 25.08 | 22.93 | 19.9 | 20.96 | 24.47 | 27.61 | 16.25 | 16.34 | 17.14 | 18.65 | 21.32 | 25.71 | 30.96 | 27.92 | 32.34 | 27.34 |
| Other Current Assets | 4.8M | 1.2M | 6.81M | 6.34M | 5.55M | 1.48M | 1.48M | 7.12M | 1.2M | 1.2M | 1.2M | 1.6M | 1.7M | 3.5M | 3.5M | 1.3M | 5.74M | 13.64M | 18.15M | 72.32M |
| Total Non-Current Assets | 28.48M | 28.95M | 26.58M | 27.81M | 28.29M | 27.92M | 28.03M | 26.8M | 33.08M | 45.65M | 46.8M | 47.8M | 47.05M | 47.65M | 48.48M | 51.59M | 42.16M | 43.56M | 60.16M | 83.98M |
| Property, Plant & Equipment | 21.99M | 22.78M | 22.93M | 24.05M | 24.68M | 24.54M | 24.5M | 23.14M | 29.29M | 29.48M | 30.5M | 31.15M | 30.87M | 30.97M | 32.06M | 34.67M | 28.38M | 29.72M | 43.2M | 31.18M |
| Fixed Asset Turnover | 2.34x | 1.65x | 1.76x | 1.56x | 1.52x | 1.68x | 1.75x | 1.92x | 0.17x | 1.33x | 2.04x | 1.22x | 1.28x | 1.16x | 0.89x | 0.74x | 0.69x | 0.82x | 0.55x | 0.73x |
| Goodwill | 3.61M | 3.61M | 2.22M | 2.22M | 2.22M | 2.22M | 2.22M | 2.22M | 2.22M | 2.22M | 2.22M | 2.22M | 2.22M | 2.22M | 2.22M | 2.22M | 0 | 0 | 0 | 0 |
| Intangible Assets | 821K | 876K | 522K | 557K | 593K | 628K | 664K | 700K | 735K | 771K | 806K | 842K | 877K | 913K | 949K | 984K | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 406K | 0 | 406K | 0 |
| Other Non-Current Assets | 2.06M | 1.69M | 910K | 982K | 791K | 542K | 645K | 739K | 839K | 13.18M | 13.28M | 13.58M | 13.09M | 13.55M | 13.26M | 13.73M | 13.38M | 13.84M | 16.55M | 52.8M |
| Total Assets | 146.73M | 134.35M | 138.16M | 133.22M | 130.77M | 133.26M | 127.76M | 128.43M | 120.6M | 136.49M | 149.05M | 134.87M | 134.74M | 133M | 130.21M | 135.27M | 135.88M | 143.68M | 213.43M | 236.74M |
| Asset Turnover | 0.35x | 0.28x | 0.29x | 0.28x | 0.29x | 0.31x | 0.34x | 0.35x | 0.04x | 0.29x | 0.42x | 0.28x | 0.29x | 0.27x | 0.22x | 0.19x | 0.14x | 0.17x | 0.11x | 0.10x |
| Asset Growth % | 12.2% | 0.81% | 8.14% | 3.73% | 8.43% | -2.37% | -14.29% | -4.77% | -10.49% | 2.63% | 14.47% | -0.3% | -0.84% | -7.43% | -38.99% | -42.86% | -48.21% | -45.28% | -14.98% | -6.35% |
| Total Current Liabilities | 33.42M | 22.77M | 22.79M | 21.38M | 22.25M | 27.11M | 22.83M | 29.85M | 28.3M | 31.25M | 44.83M | 30.79M | 32.2M | 31.36M | 29.56M | 29.95M | 23.13M | 27.65M | 100.78M | 105.69M |
| Accounts Payable | 18.07M | 6.46M | 9.52M | 5.8M | 5.54M | 9.02M | 6.63M | 8.47M | 11.52M | 16.85M | 26.55M | 8.31M | 12.66M | 11.76M | 9.53M | 9.28M | 7.4M | 9.43M | 71.79M | 12.36M |
| Days Payables Outstanding | 141.33 | 69.44 | 103.22 | 70.34 | 61.28 | 88.7 | 65.79 | 85.63 | 120.42 | 176.5 | 169.6 | 84.92 | 130.67 | 125.43 | 119.52 | 134.1 | 136.88 | 148.54 | 1.1K | 156.71 |
| Short-Term Debt | 1.12M | 1.12M | 1.12M | 1.12M | 1.07M | 1.07M | 1.07M | 1.07M | 0 | 100K | 0 | 0 | 1.5M | 2.2M | 0 | 0 | 0 | 1.05M | 7.18M | 5.5M |
| Deferred Revenue (Current) | 981K | 0 | 934K | 0 | 1.48M | 0 | 0 | 5.47M | 0 | 3.06M | 4.39M | 8.2M | 0 | 0 | 0 | 0 | 7.19M | 0 | 11.81M | 10.26M |
| Other Current Liabilities | 0 | 2.08M | 0 | 14.46M | 0 | 4.13M | 1.74M | 0 | 3.53M | 0 | 0 | 0 | 4.29M | 3.31M | 4.2M | 6.65M | 176K | 8.98M | 0 | 63.81M |
| Current Ratio | 3.54x | 4.63x | 4.90x | 4.93x | 4.61x | 3.89x | 4.37x | 3.40x | 3.09x | 2.91x | 2.28x | 2.83x | 2.72x | 2.72x | 2.76x | 2.79x | 4.05x | 3.62x | 1.52x | 1.45x |
| Quick Ratio | 3.46x | 4.51x | 4.76x | 4.84x | 4.50x | 3.80x | 4.28x | 3.34x | 3.01x | 2.82x | 2.22x | 2.78x | 2.67x | 2.67x | 2.71x | 2.73x | 3.98x | 3.56x | 1.50x | 1.42x |
| Cash Conversion Cycle | 215.35 | 305.74 | 251.01 | 256.15 | 248.1 | 249.62 | 224.77 | 255.16 | 2.81K | 250 | 134.83 | 259.35 | 262.77 | 218.56 | 236.91 | 184.96 | 89.28 | 121.65 | 303.66 | 178.38 |
| Total Non-Current Liabilities | 19M | 18.82M | 18.67M | 18.74M | 19.72M | 19.48M | 19.48M | 19.61M | 20.82M | 1.04M | 1.26M | 1.45M | 1.19M | 1.3M | 1.25M | 1.41M | 1.59M | 10.69M | 4.71M | 6.57M |
| Long-Term Debt | 17.88M | 17.88M | 17.89M | 17.89M | 18.93M | 18.93M | 18.93M | 18.93M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.95M | 2.82M | 4.5M |
| Capital Lease Obligations | 0 | 931K | 0 | 0 | 0 | 551K | 559K | 0 | 822K | 1.04M | 1.26M | 0 | 1.19M | 1.3M | 1.25M | 0 | 1.59M | 1.74M | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1.12M | 0 | 782K | 850K | 791K | 0 | 0 | 685K | 20M | 0 | 0 | 1.45M | 0 | 0 | 0 | 1.41M | 0 | 0 | 1.9M | 2.07M |
| Total Liabilities | 52.42M | 41.59M | 41.46M | 40.11M | 41.97M | 46.58M | 42.31M | 49.46M | 49.12M | 32.29M | 46.09M | 32.24M | 33.39M | 32.65M | 30.81M | 31.36M | 24.72M | 38.34M | 105.49M | 112.26M |
| Total Debt | 19M | 19.93M | 19M | 19M | 20M | 20.55M | 20.56M | 20M | 822K | 1.14M | 1.26M | 0 | 2.69M | 3.5M | 1.25M | 0 | 1.59M | 11.74M | 10M | 10M |
| Net Debt | -4.21M | -26.89M | -9.63M | -8.28M | -1.33M | 11.04M | -11.91M | -18.18M | -24.3M | -22.72M | -27.26M | -33.22M | -23.57M | -35.62M | -39.81M | -52.89M | -70.08M | -53.09M | -22.65M | -33.16M |
| Debt / Equity | 0.20x | 0.21x | 0.20x | 0.20x | 0.23x | 0.24x | 0.24x | 0.25x | 0.01x | 0.01x | 0.01x | - | 0.03x | 0.03x | 0.01x | - | 0.01x | 0.11x | 0.09x | 0.08x |
| Debt / EBITDA | 8.00x | 173.32x | 4.19x | 3.93x | 6.94x | 8.15x | 2.98x | 2.49x | - | 0.53x | 0.76x | - | 1.42x | 1.94x | - | - | - | - | - | - |
| Net Debt / EBITDA | -1.77x | -233.85x | -2.12x | -1.71x | -0.46x | 4.38x | -1.73x | -2.26x | - | -10.61x | -16.41x | -19.38x | -12.44x | -19.72x | - | - | - | - | - | - |
| Interest Coverage | 2.79x | - | - | - | - | - | - | - | - | - | - | - | 14.22x | 29.61x | -124.55x | -123.16x | -62.17x | -16.94x | -11.51x | -103.99x |
| Total Equity | 94.3M | 92.76M | 96.7M | 93.1M | 88.8M | 86.68M | 85.44M | 78.97M | 71.48M | 104.21M | 102.96M | 102.62M | 101.35M | 100.35M | 99.39M | 103.91M | 111.15M | 105.34M | 107.93M | 124.48M |
| Equity Growth % | 6.2% | 7.01% | 13.18% | 17.89% | 24.22% | -16.82% | -17.01% | -23.05% | -29.47% | 3.84% | 3.59% | -1.24% | -8.82% | -4.74% | -7.91% | -16.52% | -21.4% | -31.34% | -31.95% | -18.48% |
| Book Value per Share | 5.83 | 5.73 | 5.80 | 5.59 | 5.29 | 5.14 | 5.10 | 4.86 | 4.39 | 6.43 | 6.44 | 7.48 | 6.37 | 6.34 | 6.35 | 6.71 | 7.15 | 6.78 | 7.01 | 8.16 |
| Total Shareholders' Equity | 94.3M | 92.76M | 96.7M | 93.1M | 88.8M | 86.68M | 85.44M | 78.97M | 71.48M | 104.21M | 102.96M | 102.62M | 101.35M | 100.35M | 99.39M | 103.91M | 111.15M | 105.34M | 107.93M | 124.48M |
| Common Stock | 11.31M | 11.31M | 11.64M | 11.67M | 11.67M | 11.69M | 11.75M | 11.73M | 11.69M | 11.64M | 11.62M | 11.59M | 11.52M | 11.48M | 11.44M | 11.38M | 11.33M | 11.28M | 11.24M | 11.22M |
| Retained Earnings | -21.82M | -23.38M | -22.8M | -26.63M | -30.93M | -33.24M | -35.13M | -41.37M | -48.46M | -15.23M | -16.33M | -16.34M | -16.89M | -17.49M | -18.01M | -12.99M | -5.21M | -10.53M | -7.57M | 9.18M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |