RF Industries, Ltd. (RFIL) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q2'26 | 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 |
|---|
| Total Current Assets | 35.09M | 33.02M | 34.97M | 34.09M | 32.72M | 29.51M | 29.11M | 29.39M | 30.23M | 32.91M | 36.04M | 34.84M | 41.03M | 41.8M | 46.25M | 47.05M | 41.55M | 41.08M | 40.65M | 37.63M |
| Cash & Short-Term Investments | 3.39M | 5.11M | 5.08M | 3M | 3.59M | 1.27M | 839K | 1.76M | 1.4M | 4.49M | 4.9M | 4.06M | 4.33M | 3.77M | 4.53M | 5.09M | 3.75M | 13.51M | 13.05M | 12.58M |
| Cash Only | 3.39M | 5.11M | 5.08M | 3M | 3.59M | 1.27M | 839K | 1.76M | 1.4M | 4.49M | 4.9M | 4.06M | 4.33M | 3.77M | 4.53M | 5.09M | 3.75M | 13.51M | 13.05M | 12.58M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 15.61M | 13.11M | 14.87M | 15.35M | 15M | 12.8M | 12.12M | 10.68M | 10.55M | 8.31M | 10.28M | 9.29M | 14.49M | 13.9M | 14.81M | 16.16M | 14.71M | 10.51M | 13.52M | 10.53M |
| Days Sales Outstanding | 61.76 | 67.85 | 61.27 | 70.54 | 65.41 | 59.69 | 56.82 | 58 | 52.68 | 63.52 | 56.71 | 69.91 | 56.67 | 72.02 | 61.98 | 59.55 | 52.19 | 65.36 | 52.41 | 50.92 |
| Inventory | 14.45M | 13.78M | 13.73M | 14.17M | 12.57M | 13.46M | 14.72M | 15.05M | 16.38M | 17.97M | 18.73M | 20.2M | 20.39M | 20.94M | 21.05M | 19.16M | 19.17M | 13.48M | 11.18M | 10.4M |
| Days Inventory Outstanding | 93.56 | 98.49 | 89.54 | 94.12 | 89.37 | 96.14 | 102.26 | 115.4 | 129.64 | 154.54 | 149.45 | 157.86 | 113.67 | 145.7 | 111.01 | 106.25 | 94.18 | 85.35 | 61.24 | 86.61 |
| Other Current Assets | 119K | 54K | 510K | 429K | 472K | 816K | 469K | 486K | 414K | 405K | 541K | 585K | 753K | 2M | 4.88M | 5.3M | 2.31M | 2.34M | 2.14M | 3.09M |
| Total Non-Current Assets | 36.44M | 37.32M | 42.13M | 39.11M | 39.96M | 40.92M | 41.93M | 42.47M | 42.6M | 46.22M | 51.19M | 43.22M | 43.09M | 43.34M | 46.82M | 40.14M | 28.09M | 8.65M | 9.96M | 8.79M |
| Property, Plant & Equipment | 17.23M | 17.67M | 18.08M | 18.62M | 19.01M | 19.52M | 20.08M | 20.15M | 19.81M | 20.17M | 20.61M | 16.93M | 16.58M | 16.9M | 16.65M | 15M | 2.55M | 1.93M | 2.16M | 2.24M |
| Fixed Asset Turnover | 1.19x | 1.06x | 1.24x | 1.05x | 0.98x | 0.97x | 0.92x | 0.84x | 0.81x | 0.66x | 0.85x | 0.93x | 1.33x | 1.09x | 1.45x | 2.72x | 9.60x | 8.27x | 9.59x | 7.57x |
| Goodwill | 8.09M | 8.09M | 8.09M | 8.09M | 8.09M | 8.09M | 8.09M | 8.09M | 8.09M | 8.09M | 8.09M | 8.09M | 8.09M | 8.09M | 8.09M | 7.68M | 7.46M | 2.47M | 2.47M | 2.47M |
| Intangible Assets | 9.44M | 11.03M | 11.44M | 11.85M | 12.26M | 12.67M | 13.08M | 13.5M | 13.93M | 14.35M | 14.77M | 15.19M | 15.61M | 16.04M | 16.47M | 16.9M | 17.33M | 3.82M | 3.91M | 4.01M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.69M | 536K | 477K | 558K | 602K | 645K | 688K | 733K | 775K | 277K | 277K | 277K | 295K | 367K | 295K | 295K | 434K | 70K | 70K | 70K |
| Total Assets | 71.53M | 70.33M | 77.1M | 73.2M | 72.68M | 70.43M | 71.05M | 71.86M | 72.82M | 79.13M | 87.23M | 78.06M | 84.12M | 85.14M | 93.07M | 87.19M | 69.65M | 49.74M | 50.6M | 46.41M |
| Asset Turnover | 0.29x | 0.26x | 0.30x | 0.27x | 0.26x | 0.27x | 0.26x | 0.23x | 0.21x | 0.16x | 0.19x | 0.19x | 0.26x | 0.21x | 0.26x | 0.30x | 0.36x | 0.34x | 0.44x | 0.34x |
| Asset Growth % | -1.58% | -0.13% | 8.52% | 1.87% | -0.2% | -10.99% | -18.56% | -7.94% | -13.43% | -7.06% | -6.27% | -10.48% | 20.78% | 71.18% | 83.91% | 87.86% | 62.85% | 22.4% | 21.08% | 13.5% |
| Total Current Liabilities | 18.57M | 18.36M | 20.9M | 21.01M | 20.59M | 17.82M | 18.09M | 18.38M | 19.26M | 11.32M | 12.51M | 12.05M | 15.89M | 16.74M | 19.54M | 16.96M | 14.6M | 9.74M | 9.37M | 7.01M |
| Accounts Payable | 4.38M | 2.98M | 3.11M | 4.81M | 4.78M | 3.39M | 3.8M | 3.15M | 3.16M | 2.47M | 3.2M | 2.7M | 6.11M | 4.85M | 5.65M | 6.05M | 3.01M | 3.38M | 3.5M | 2.46M |
| Days Payables Outstanding | 24.41 | 21.81 | 25.39 | 33.75 | 28.07 | 24.52 | 23.86 | 23.15 | 21.22 | 23.86 | 22.66 | 34.25 | 30.13 | 36.44 | 32.3 | 25.11 | 18.43 | 23.84 | 16.93 | 16.03 |
| Short-Term Debt | 8.18M | 7.12M | 9.89M | 9.87M | 9.92M | 9.91M | 10.04M | 10.19M | 11.88M | 4.26M | 4.74M | 4.84M | 4.12M | 4.15M | 4.31M | 4M | 3.5M | 698K | 832K | 848K |
| Deferred Revenue (Current) | 205K | 218K | 232K | 521K | 957K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.13M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 2.61M | 0 | 3.45M | 2.82M | 2.29M | 2.35M | 1.89M | 2.77M | 2M | 2.42M | 2.11M | 2.34M | 3M | 3.17M | 5.18M | 4.06M | 5.77M | 3.74M | 2.43M | 1.86M |
| Current Ratio | 1.89x | 1.80x | 1.67x | 1.62x | 1.59x | 1.66x | 1.61x | 1.60x | 1.57x | 2.91x | 2.88x | 2.89x | 2.58x | 2.50x | 2.37x | 2.77x | 2.85x | 4.22x | 4.34x | 5.37x |
| Quick Ratio | 1.11x | 1.05x | 1.02x | 0.95x | 0.98x | 0.90x | 0.80x | 0.78x | 0.72x | 1.32x | 1.38x | 1.21x | 1.30x | 1.25x | 1.29x | 1.64x | 1.53x | 2.83x | 3.15x | 3.89x |
| Cash Conversion Cycle | 130.91 | 144.53 | 125.42 | 130.91 | 126.72 | 131.31 | 135.23 | 150.25 | 161.1 | 194.2 | 183.5 | 193.51 | 140.21 | 181.28 | 140.68 | 140.7 | 127.93 | 126.87 | 96.72 | 121.5 |
| Total Non-Current Liabilities | 16.09M | 16.42M | 21M | 17.42M | 17.91M | 18.42M | 18.89M | 19.34M | 18.96M | 29.15M | 34.96M | 25.6M | 26.42M | 27.4M | 31.66M | 29M | 14.87M | 545K | 1.63M | 788K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.12M | 10.72M | 11.32M | 11.93M | 12.53M | 13.14M | 13.74M | 14.34M | 0 | 0 | 0 |
| Capital Lease Obligations | 15.81M | 16.17M | 16.7M | 17.21M | 17.71M | 18.2M | 18.68M | 19.16M | 18.77M | 19.03M | 19.28M | 14.28M | 14.49M | 14.87M | 15.03M | 15.26M | 524K | 545K | 675K | 698K |
| Deferred Tax Liabilities | 272K | 250K | 4.3M | 207K | 207K | 216K | 210K | 182K | 182K | 0 | 4.96M | 0 | 0 | 0 | 3.5M | 0 | 0 | 0 | 956K | 90K |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 34.65M | 34.79M | 41.9M | 38.43M | 38.51M | 36.24M | 36.98M | 37.72M | 38.21M | 40.47M | 47.47M | 37.65M | 42.31M | 44.14M | 51.2M | 45.97M | 29.47M | 10.28M | 11M | 7.79M |
| Total Debt | 24M | 25.36M | 26.59M | 27.08M | 27.63M | 28.11M | 28.73M | 29.35M | 30.66M | 33.41M | 34.74M | 30.44M | 30.54M | 31.55M | 32.47M | 33M | 18.36M | 1.24M | 1.51M | 1.55M |
| Net Debt | 20.6M | 20.25M | 21.51M | 24.08M | 24.04M | 26.84M | 27.89M | 27.58M | 29.26M | 28.93M | 29.85M | 26.38M | 26.21M | 27.78M | 27.94M | 27.92M | 14.61M | -12.26M | -11.55M | -11.03M |
| Debt / Equity | 0.65x | 0.71x | 0.76x | 0.78x | 0.81x | 0.82x | 0.84x | 0.86x | 0.89x | 0.86x | 0.87x | 0.75x | 0.73x | 0.77x | 0.78x | 0.80x | 0.46x | 0.03x | 0.04x | 0.04x |
| Debt / EBITDA | 14.04x | 31.89x | 17.52x | 20.26x | 38.32x | 41.84x | 39.46x | 134.01x | 96.41x | - | - | - | 27.44x | - | 25.96x | 20.31x | 10.29x | - | 1.16x | 1.13x |
| Net Debt / EBITDA | 12.05x | 25.47x | 14.17x | 18.01x | 33.35x | 39.94x | 38.30x | 125.95x | 92.01x | - | - | - | 23.55x | - | 22.33x | 17.18x | 8.19x | - | -8.87x | -8.03x |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | 5.79x | - | 1.23x | 5.15x | 5.97x | - | 1122.00x | - |
| Total Equity | 36.88M | 35.55M | 35.2M | 34.77M | 34.17M | 34.19M | 34.07M | 34.14M | 34.61M | 38.66M | 39.76M | 40.4M | 41.8M | 41M | 41.87M | 41.23M | 40.18M | 39.45M | 39.6M | 38.62M |
| Equity Growth % | 7.93% | 3.97% | 3.34% | 1.86% | -1.27% | -11.54% | -14.33% | -15.51% | -17.21% | -5.71% | -5.03% | -2% | 4.05% | 3.92% | 5.72% | 6.76% | 7.89% | 22.68% | 23.52% | 21.45% |
| Book Value per Share | 3.29 | 3.31 | 3.21 | 3.23 | 3.20 | 3.24 | 3.25 | 3.25 | 3.30 | 3.71 | 3.85 | 3.93 | 4.05 | 4.01 | 4.08 | 4.03 | 3.92 | 3.92 | 3.88 | 3.80 |
| Total Shareholders' Equity | 36.88M | 35.55M | 35.2M | 34.77M | 34.17M | 34.19M | 34.07M | 34.14M | 34.61M | 38.66M | 39.76M | 40.4M | 41.8M | 41M | 41.87M | 41.23M | 40.18M | 39.45M | 39.6M | 38.62M |
| Common Stock | 109K | 108K | 107K | 107K | 107K | 107K | 106K | 105K | 105K | 105K | 104K | 103K | 103K | 103K | 102K | 102K | 102K | 101K | 101K | 100K |
| Retained Earnings | 7.88M | 7M | 7.05M | 6.87M | 6.48M | 6.73M | 6.97M | 7.21M | 7.92M | 12.21M | 13.57M | 14.42M | 16.07M | 15.49M | 16.65M | 16.2M | 15.43M | 14.92M | 15.2M | 14.39M |
| 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 |