Northann Corp. (NCL) 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 | Q1'22 | Q4'21 |
|---|
| Total Current Assets | 12.55M | 12.34M | 6.57M | 8.14M | 8.56M | 5.91M | 6.03M | 6.39M | 6.34M | 6.8M | 8.08M | 7.6M | 7.18M | 6.59M | 7.57M | 748.81K | 6.39M |
| Cash & Short-Term Investments | 239.64K | 1.03M | 40.88K | 1.06M | 1.87M | 245.16K | 156.83K | 224.09K | 637.43K | 1.1M | 94.25K | 27.64K | 91.94K | 251.1K | 35.72K | 748.81K | 748.81K |
| Cash Only | 239.64K | 1.03M | 40.88K | 1.06M | 1.87M | 245.16K | 83.93K | 224.09K | 590.17K | 1.1M | 94.25K | 27.64K | 91.94K | 251.1K | 35.72K | -748.81K | 748.81K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 72.91K | 0 | 47.26K | 0 | 0 | 0 | 0 | 0 | 0 | 1.5M | 0 |
| Accounts Receivable | 3.85M | 3.51M | 2.46M | 2.76M | 3.75M | 3.11M | 1.94M | 2.59M | 2.54M | 2.62M | 1.56M | 968.8K | 968.8K | 1.43M | 1.78M | 0 | 1.25M |
| Days Sales Outstanding | 66.78 | 55.9 | 67.62 | 173.41 | 89.72 | 53.9 | 81.46 | 59.96 | 51 | 42.35 | 53.83 | 19.41 | 39.45 | 128.42 | 29.68 | - | 64.33 |
| Inventory | 6.07M | 6.19M | 3.48M | 3.52M | 2.34M | 2M | 3.81M | 3.05M | 2.84M | 2.65M | 5.77M | 5.95M | 5.8M | 4.56M | 5.28M | 0 | 2.86M |
| Days Inventory Outstanding | 101.04 | -706.7 | 64.55 | 101.77 | 64.04 | 60.65 | 339.36 | 89.68 | 81.85 | 91.97 | 157.52 | 146.88 | 313.88 | 1.29K | 184.08 | - | 220.01 |
| Other Current Assets | 2.4M | 1.61M | 598.76K | 67.02K | 29.25K | 74.98K | 3.81K | 0 | 3.77K | 131.08K | 0 | 64.91K | 23.03K | 115.13K | 0 | 0 | 971.63K |
| Total Non-Current Assets | 18.24M | 8.11M | 8.38M | 8.36M | 7.94M | 7.96M | 8.52M | 6.78M | 6.89M | 6.81M | 7.14M | 7.18M | 7.73M | 7.82M | 7.94M | -748.81K | 8.07M |
| Property, Plant & Equipment | 4.78M | 4.97M | 5.16M | 7.37M | 6.94M | 6.98M | 7.49M | 5.73M | 5.86M | 5.77M | 5.89M | 5.93M | 6.42M | 6.52M | 6.58M | 0 | 6.94M |
| Fixed Asset Turnover | 1.02x | 0.97x | 0.57x | 0.24x | 0.49x | 0.60x | 0.39x | 0.67x | 0.79x | 0.78x | 0.37x | 0.74x | 0.42x | 0.18x | 0.83x | - | 1.03x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 11.09M | 994.93K | 983.92K | 983.96K | 987.98K | 977.99K | 1.02M | 1.01M | 1.02M | 1.03M | 1.02M | 1.02M | 1.08M | 1.07M | 1.06M | 0 | 1.12M |
| Long-Term Investments | 0 | 0 | 0 | 4.97M | 6.18M | 1.38M | 0 | 30K | 25K | 0 | 25K | 0 | 0 | 0 | 50K | 0 | 0 |
| Other Non-Current Assets | 2.37M | 2.14M | 2.24M | -4.96M | -6.17M | -1.37M | 9.03K | 9.03K | 9.03K | 34.03K | 227.38K | 227.38K | 227.38K | 227.38K | 169.09K | -748.81K | 9.03K |
| Total Assets | 30.79M | 20.44M | 14.95M | 16.5M | 16.49M | 13.88M | 14.56M | 13.17M | 13.23M | 13.62M | 15.23M | 14.78M | 14.91M | 14.41M | 15.51M | 0 | 14.46M |
| Asset Turnover | 0.19x | 0.28x | 0.23x | 0.10x | 0.23x | 0.30x | 0.18x | 0.29x | 0.34x | 0.31x | 0.14x | 0.31x | 0.19x | 0.08x | 0.35x | - | 0.49x |
| Asset Growth % | 86.68% | 47.33% | 2.71% | 25.31% | 24.65% | 1.89% | -4.37% | -10.91% | -11.25% | -5.49% | -1.85% | - | - | -0.33% | - | - | - |
| Total Current Liabilities | 8.34M | 7.37M | 9M | 7.99M | 11.07M | 9.67M | 11.49M | 12.01M | 12.35M | 12.86M | 16.83M | 12.81M | 11.81M | 11.99M | 11.7M | 0 | 14.7M |
| Accounts Payable | 0 | 4.32M | 0 | 4.01M | 4.81M | 2.6M | 2.45M | 2.51M | 4.28M | 4.54M | 6.91M | 4.61M | 4.09M | 4.73M | 5.26M | 0 | 6.39M |
| Days Payables Outstanding | - | -632.11 | - | 153.16 | 109.48 | 52.82 | 245.69 | 103.37 | 131.49 | 125.13 | 154.8 | 108.78 | 267.27 | 1.31K | 183.52 | - | 491.67 |
| Short-Term Debt | 1.69M | 1.68M | 1.66M | 2M | 4.78M | 4.7M | 5.28M | 4.5M | 4.49M | 6.59M | 8.68M | 7.65M | 6.96M | 6.99M | 5.66M | 0 | 6.21M |
| Deferred Revenue (Current) | 674.69K | 1.35M | 1.59M | 764.52K | 0 | 0 | 898.26K | 1.55M | 1.57M | 1.08M | 1.18M | 277 | 291 | 287 | 434.26K | 0 | 0 |
| Other Current Liabilities | 5.97M | 0 | 5.75M | 0 | 0 | 0 | 1.93M | 2.93M | 1.97M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.08M |
| Current Ratio | 1.51x | 1.67x | 0.73x | 1.02x | 0.77x | 0.61x | 0.53x | 0.53x | 0.51x | 0.53x | 0.48x | 0.59x | 0.61x | 0.55x | 0.65x | - | 0.43x |
| Quick Ratio | 0.78x | 0.83x | 0.34x | 0.58x | 0.56x | 0.41x | 0.19x | 0.28x | 0.28x | 0.32x | 0.14x | 0.13x | 0.12x | 0.17x | 0.20x | - | 0.24x |
| Cash Conversion Cycle | - | -18.69 | - | 122.03 | 44.28 | 61.73 | 175.14 | 46.26 | 1.36 | 9.19 | 56.55 | 57.51 | 86.06 | 109 | 30.24 | - | -207.33 |
| Total Non-Current Liabilities | 4M | 4.06M | 4.11M | 4.14M | 1.51M | 1.6M | 1.68M | 160.18K | 170.58K | 180.87K | 191.8K | 131.48K | 569.93K | 447.38K | 1.59M | 0 | 156.14K |
| Long-Term Debt | 999.16K | 1.09M | 1.18M | 2.86M | 136.95K | 136.95K | 120.52K | 120.52K | 122.71K | 124.91K | 127.83K | 131.48K | 569.93K | 447.38K | 1.59M | 0 | 137.9K |
| Capital Lease Obligations | 0 | 0 | 0 | 1.28M | 1.37M | 1.47M | 1.56M | 39.66K | 47.87K | 55.97K | 63.97K | 0 | 0 | 0 | 0 | 0 | 18.24K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 3M | 2.97M | 2.92M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 12.34M | 11.43M | 13.11M | 12.12M | 12.58M | 11.28M | 13.17M | 12.17M | 12.52M | 13.04M | 17.02M | 12.94M | 12.38M | 12.44M | 13.29M | 0 | 14.86M |
| Total Debt | 2.69M | 2.77M | 2.84M | 6.5M | 6.65M | 6.66M | 7.31M | 4.66M | 4.7M | 6.8M | 8.9M | 7.79M | 7.54M | 7.45M | 7.28M | 0 | 6.39M |
| Net Debt | 2.45M | 1.74M | 2.8M | 5.44M | 4.78M | 6.41M | 7.23M | 4.44M | 4.11M | 5.7M | 8.8M | 7.76M | 7.45M | 7.2M | 7.24M | 748.81K | 5.65M |
| Debt / Equity | 0.15x | 0.31x | 1.54x | 1.48x | 1.70x | 2.56x | 5.26x | 4.67x | 6.59x | 11.68x | - | 4.22x | 2.98x | 3.78x | 3.28x | - | - |
| Debt / EBITDA | - | 1.76x | - | - | - | - | 8.12x | - | 10.15x | - | - | 28.68x | 11.88x | 3.60x | 9.62x | - | 6.91x |
| Net Debt / EBITDA | - | 1.11x | - | - | - | - | 8.02x | - | 8.87x | - | - | 28.58x | 11.73x | 3.48x | 9.58x | 0.57x | 6.10x |
| Interest Coverage | -64.90x | 48.33x | -190.34x | -32.42x | -45.93x | -53.89x | 10.29x | -11.80x | 1.22x | -1.90x | -140.24x | 0.19x | 1.90x | 8.97x | 2.06x | 12.05x | 94.52x |
| Total Equity | 18.45M | 9.01M | 1.84M | 4.38M | 3.91M | 2.6M | 1.39M | 999K | 712.35K | 582.61K | -1.79M | 1.85M | 2.53M | 1.97M | 2.22M | -403K | -403K |
| Equity Growth % | 371.75% | 246.66% | 32.79% | 338.41% | 449.02% | 346.12% | 177.5% | -45.89% | -71.88% | -70.48% | -180.81% | - | 728.53% | 589.77% | - | - | - |
| Book Value per Share | 1.29 | 0.63 | 0.12 | 0.21 | 0.19 | 0.10 | 0.06 | 0.04 | 0.03 | 0.03 | -0.08 | 0.09 | 0.11 | 0.09 | 0.10 | -0.02 | -0.02 |
| Total Shareholders' Equity | 18.45M | 9.01M | 1.84M | 4.38M | 3.91M | 2.6M | 1.39M | 999K | 712.35K | 582.61K | -1.79M | 1.85M | 2.53M | 1.97M | 2.22M | -403K | -403K |
| Common Stock | 53.73K | 22.93K | 179.8K | 95.46K | 95.46K | 55.46K | 24.37K | 24.24K | 21.38K | 21.38K | 20K | 20K | 20K | 20K | 40K | 0 | 20K |
| Retained Earnings | -24.26M | -21.37M | -23.39M | -14.59M | -12.32M | -9.69M | -5.75M | -6.25M | -5.25M | -5.31M | -1.61M | 1.31M | 2M | 1.82M | 1.12M | 0 | 889.57K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 1.4M | 1.35M | 2.28M | 2.36M | 841.22K | 1.05M | -710.89K | -613.59K | -706.14K | -775.84K | -1.1M | -385.7K | -396.15K | -769.89K | 74.33K | -413K | -1.32M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |