Rafael Holdings, Inc. (RFL) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q3'26 | 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 |
|---|
| Total Current Assets | 34.86M | 42.45M | 48.32M | 56.71M | 42.44M | 65.83M | 70.48M | 72.5M | 73.81M | 75.07M | 77.47M | 82.94M | 85.05M | 89.97M | 94.92M | 108.35M | 62.51M | 71.54M | 78.53M | 14.76M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | 30.5M | 37.78M | 45.54M | 52.77M | 37.94M | 48.32M | 8.16M | 2.67M | 7.44M | 7.14M | 13.2M | 21.5M | 15.44M | 9.67M | 22.17M | 26.54M | 28.96M | 65.03M | 72.39M | 12.85M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 46.14M | 63.27M | 64.94M | 64.59M | 58.89M | 58.01M | 66.96M | 79.2M | 71.01M | 36.7M | 30.41M | 0 | 0 | 0 |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 146.43 | 154.35 | 199.33 | 136.82 | 75.48 | 239.56 | 225.33 | 242.27 | 110.09 | 412.65 | 300.35 | 1.6K | 1.52K | 267.46 | 191.89 | -15.95 | 69.22 | 55.03 | 69.36 | 404.99 |
| Inventory | 276K | 271K | 272K | 281K | 288K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | 434.67 | 372.81 | 431.15 | 379.33 | 640.8 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 3.79M | 4.1M | 513K | 786K | 837K | 725K | 2.94M | 430K | 445K | 487K | 2.87M | 914K | 146K | 512K | 1.43M | 44.81M | 2.14M | 5M | 5M | 1.07M |
| Total Non-Current Assets | 57.13M | 56.87M | 57.05M | 57.39M | 65.65M | 17.21M | 17.35M | 24.33M | 27.82M | 31.08M | 18.04M | 15.89M | 11.31M | 8.59M | 8.29M | 9.97M | 50.27M | 51.02M | 51.88M | 139.29M |
| Property, Plant & Equipment | 1.52M | 1.54M | 1.56M | 1.6M | 1.61M | 1.93M | 2.08M | 2.12M | 2.16M | 2.06M | 1.67M | 1.7M | 1.71M | 1.73M | 1.75M | 1.77M | 42.18M | 42.54M | 42.88M | 1.84M |
| Fixed Asset Turnover | 0.12x | 0.14x | 0.15x | 0.22x | 0.20x | 0.04x | 0.06x | 0.08x | 0.16x | 0.04x | 0.04x | 0.04x | 0.04x | 0.04x | 0.04x | -0.12x | 0.02x | 0.03x | 0.05x | 0.01x |
| Goodwill | 19.94M | 19.94M | 19.94M | 19.94M | 28.28M | 0 | 3.05M | 3.05M | 3.57M | 3.57M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 896K | 929K | 32.54M | 32.57M | 32.6M | 1.79M | 3.39M | 1.85M | 3.43M | 3.46M | 1.57M | 1.57M | 1.57M | 1.57M | 1.57M | 1.57M | 1.57M | 1.57M | 1.57M | 1.57M |
| Long-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 91.99M | 99.31M | 105.38M | 114.11M | 108.1M | 83.04M | 87.83M | 96.83M | 101.62M | 106.15M | 95.5M | 98.83M | 96.36M | 98.55M | 103.22M | 118.32M | 112.78M | 122.57M | 130.41M | 154.06M |
| Asset Turnover | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | -0.02x | 0.01x | 0.01x | 0.01x | 0.00x |
| Asset Growth % | -14.9% | 19.6% | 19.97% | 17.84% | 6.37% | -21.77% | -8.03% | -2.02% | 5.47% | 7.71% | -7.47% | -16.47% | -14.57% | -19.6% | -20.85% | -23.2% | -22.86% | -16.19% | -3.13% | 12.99% |
| Total Current Liabilities | 11.02M | 12.36M | 12.08M | 11.6M | 11.03M | 7.11M | 7.24M | 7.51M | 7.54M | 3.26M | 934K | 2.15M | 1.41M | 1.97M | 3.21M | 21.03M | 17.79M | 22.83M | 17.26M | 17.3M |
| Accounts Payable | 7.04M | 8.17M | 6.79M | 6.89M | 7.79M | 2.55M | 2.7M | 2.56M | 2.57M | 509K | 471K | 333K | 616K | 443K | 1.39M | 564K | 873K | 1.13M | 1.15M | 1.16M |
| Days Payables Outstanding | 12.09K | 10.28K | 10.67K | 9.79K | 11.5K | 6.35K | 6.53K | 3.42K | 1.63K | - | - | - | - | 4.45K | 4.09K | - | 234.59 | 274.07 | 277.57 | 4.89K |
| Short-Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 3.37M | 3.58M | 814K | 3.28M | 708K | 449K | 289K | 113K | 168K | 209K | 463K | 1.05M | 174K | 197K | 166K | 3.59M | 2.02M | 246K | 121K | 1.61M |
| Current Ratio | 3.16x | 3.44x | 4.00x | 4.89x | 3.85x | 9.26x | 9.74x | 9.65x | 9.79x | 23.01x | 82.94x | 38.67x | 60.27x | 45.76x | 29.61x | 5.15x | 3.51x | 3.13x | 4.55x | 0.85x |
| Quick Ratio | 3.14x | 3.41x | 3.98x | 4.86x | 3.82x | 9.26x | 9.74x | 9.65x | 9.79x | 23.01x | 82.94x | 38.67x | 60.27x | 45.76x | 29.61x | 5.15x | 3.51x | 3.13x | 4.55x | 0.85x |
| Cash Conversion Cycle | -11.51K | -9.75K | -10.04K | -9.27K | -10.79K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 167K | 3.7M | 4.12M | 4.14M | 12.55M | 3.37M | 3.21M | 3.06M | 3.52M | 632K | 56K | 55K | 52K | 49K | 44K | 88K | 85K | 84K | 81K | 48K |
| Long-Term Debt | 2K | 52K | 56K | 78K | 76K | 75K | 74K | 73K | 71K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 11.19M | 16.06M | 16.2M | 15.74M | 23.58M | 10.48M | 10.45M | 10.57M | 11.06M | 3.9M | 990K | 2.2M | 1.46M | 2.02M | 3.25M | 21.11M | 17.88M | 22.91M | 17.34M | 17.35M |
| Total Debt | 610K | 660K | 664K | 692K | 690K | 2.39M | 2.39M | 2.39M | 2.38M | 1.7M | 0 | 0 | 0 | 0 | 0 | 15M | 14.9M | 14.78M | 14.65M | 14.53M |
| Net Debt | -29.89M | -37.12M | -44.88M | -52.08M | -37.25M | -45.93M | -5.77M | -288K | -5.05M | -5.44M | -13.2M | -21.5M | -15.44M | -9.67M | -22.17M | -11.54M | -14.06M | -50.25M | -57.73M | 1.67M |
| Debt / Equity | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.03x | 0.03x | 0.03x | 0.03x | 0.02x | - | - | - | - | - | 0.15x | 0.16x | 0.15x | 0.13x | 0.11x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -1145.00x | -41.34x | -60.17x | -71.79x | -38.16x | -31.56x | -55.78x | -29.31x | -762.44x | - | - | - | - | - | - | - | -5147.00x | -5.45x | -9893.38x | -123.11x |
| Total Equity | 80.8M | 83.26M | 89.18M | 98.37M | 84.52M | 72.56M | 77.38M | 86.26M | 90.56M | 102.25M | 94.51M | 96.63M | 94.89M | 96.53M | 99.97M | 97.21M | 94.91M | 99.66M | 113.06M | 136.7M |
| Equity Growth % | -4.4% | 14.74% | 15.24% | 14.04% | -6.67% | -29.04% | -18.12% | -10.73% | -4.57% | 5.92% | -5.46% | -0.59% | -0.01% | -3.13% | -11.58% | -28.89% | -32.81% | -26.39% | -12.57% | 4.73% |
| Book Value per Share | 1.58 | 1.63 | 1.74 | 2.29 | 3.35 | 3.00 | 3.17 | 3.56 | 3.81 | 4.33 | 4.00 | 4.34 | 4.06 | 4.17 | 4.34 | 4.92 | 4.80 | 5.06 | 5.97 | 8.27 |
| Total Shareholders' Equity | 75.39M | 79.17M | 85.18M | 94.39M | 80.58M | 69.38M | 73.52M | 82.19M | 86.1M | 104.94M | 98.2M | 100.29M | 98.53M | 100.1M | 103.37M | 100.52M | 98.15M | 102.88M | 98.74M | 122.29M |
| Common Stock | 521K | 521K | 517K | 516K | 320K | 249K | 246K | 246K | 246K | 246K | 246K | 244K | 244K | 244K | 245K | 245K | 208K | 198K | 206K | 177K |
| Retained Earnings | -252.72M | -248.5M | -242.08M | -232.26M | -220.17M | -215.39M | -210.75M | -201.74M | -197.28M | -164.92M | -170.97M | -167.33M | -168.55M | -167.12M | -163.87M | -165.46M | -160.67M | -155.14M | -170.12M | -40.8M |
| Treasury Stock | -168K | -168K | -168K | -168K | -168K | -168K | -168K | -168K | -168K | -168K | -79K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 4.52M | 358K | 4.18M | 4.14M | 3.95M | 135K | 3.83M | 111K | 3.66M | 3.63M | 3.52M | 3.37M | 3.33M | 4.05M | 3.8M | 3.7M | 3.72M | 3.93M | 3.78M | 3.77M |
| Minority Interest | 5.42M | 4.09M | 4M | 3.98M | 3.94M | 3.18M | 3.87M | 4.07M | 4.46M | -2.69M | -3.69M | -3.66M | -3.64M | -3.57M | -3.41M | -3.31M | -3.24M | -3.22M | 14.33M | 14.42M |