Clearfield, Inc. (CLFD) 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 | 163M | 165.74M | 198.49M | 212.64M | 206.27M | 197.91M | 229.59M | 236.2M | 257.43M | 276.62M | 296.25M | 303.14M | 300.94M | 294.14M | 160.12M | 120.07M | 99.02M | 84.04M | 71.51M | 69.98M |
| Cash & Short-Term Investments | 91.07M | 96.44M | 105.98M | 117.23M | 111.99M | 113.01M | 128.97M | 123.82M | 142.91M | 162.84M | 168.11M | 162.11M | 157.06M | 147.85M | 22.45M | 18.09M | 14.66M | 23.05M | 23.59M | 32.17M |
| Cash Only | 9.4M | 13.88M | 21.49M | 33.87M | 28.85M | 30.45M | 14.15M | 25.62M | 15.82M | 34.48M | 37.83M | 31.39M | 137.08M | 30.31M | 16.65M | 14.19M | 13.92M | 12.68M | 13.22M | 21.31M |
| Short-Term Investments | 81.67M | 82.56M | 84.48M | 83.36M | 83.14M | 82.56M | 114.83M | 98.19M | 127.09M | 128.35M | 130.29M | 130.73M | 19.98M | 117.54M | 5.8M | 3.89M | 739K | 10.37M | 10.37M | 10.86M |
| Accounts Receivable | 20.86M | 14.97M | 17.99M | 26.61M | 24.2M | 14.06M | 13.84M | 27.64M | 21.9M | 17.36M | 28.39M | 31.94M | 39.38M | 55.14M | 53.7M | 31.59M | 21.84M | 16.33M | 19.44M | 16.18M |
| Days Sales Outstanding | 46.89 | 44.15 | 116.67 | 46.33 | 36.5 | 43.23 | 40.79 | 46.19 | 48.4 | 61.49 | 55.86 | 52.96 | 59.23 | 58.26 | 41.29 | 34.12 | 32.11 | 32.19 | 36.22 | 34.51 |
| Inventory | 36.92M | 40.2M | 42.03M | 53.75M | 56.08M | 59.22M | 56.1M | 74.87M | 83.98M | 94.61M | 98.06M | 105M | 100.84M | 89.7M | 82.21M | 69.34M | 60.92M | 43.57M | 27.52M | 20.98M |
| Days Inventory Outstanding | 149.4 | 164.8 | 946.12 | 144.15 | 157.35 | 252.33 | 166.86 | 189.7 | 238.46 | 300.1 | 247.82 | 221.88 | 177.72 | 143.02 | 121.19 | 141.31 | 155.03 | 116.24 | 87.47 | 75.01 |
| Other Current Assets | 14.15M | 14.13M | 32.49M | 15.04M | 14M | 11.61M | 30.68M | 9.88M | 8.64M | 1.81M | 1.7M | 4.08M | 3.65M | 1.45M | 1.76M | 1.05M | 1.6M | 1.08M | 953.95K | 652.32K |
| Total Non-Current Assets | 100.55M | 102.31M | 107.69M | 102.07M | 104.59M | 105.32M | 85.68M | 81.89M | 57.97M | 59.01M | 59.26M | 58.06M | 56.45M | 57.65M | 69M | 57.88M | 60.74M | 53.72M | 54.4M | 44.07M |
| Property, Plant & Equipment | 20.09M | 17.24M | 18.1M | 37.78M | 43M | 41.99M | 26.83M | 37.42M | 34.83M | 36.17M | 35.39M | 36.09M | 33.03M | 32.37M | 31.48M | 22.28M | 22.11M | 8.34M | 7.3M | 7.44M |
| Fixed Asset Turnover | 1.84x | 1.94x | 0.63x | 1.24x | 1.11x | 0.86x | 1.46x | 1.35x | 1.04x | 0.96x | 1.39x | 1.77x | 2.20x | 2.69x | 3.53x | 3.21x | 3.51x | 6.54x | 6.14x | 5.19x |
| Goodwill | 4.71M | 4.71M | 4.71M | 6.74M | 6.57M | 6.49M | 4.71M | 6.55M | 6.57M | 6.62M | 6.53M | 6.58M | 6.59M | 6.54M | 6.4M | 4.71M | 4.71M | 4.71M | 4.71M | 4.71M |
| Intangible Assets | 8.4M | 8.93M | 9.35M | 10.67M | 5.87M | 6.1M | 4.67M | 6.4M | 6.22M | 5.98M | 6.09M | 6.34M | 6.46M | 6.49M | 6.38M | 4.69M | 4.49M | 4.55M | 4.7M | 4.77M |
| Long-Term Investments | 56M | 60.29M | 59.82M | 40.17M | 41.36M | 41.92M | 24.5M | 24.18M | 6.52M | 6.5M | 6.34M | 6.56M | 8.53M | 10.29M | 22.75M | 24.99M | 28.45M | 35.19M | 36.91M | 26.72M |
| Other Non-Current Assets | 489K | 534K | 5.44M | 689K | 962K | 2.19M | 18.83M | 1.82M | 991K | 988K | 1.87M | 1.49M | 899K | 867K | 581K | 553K | 620K | 573K | 418.98K | 259.55K |
| Total Assets | 263.55M | 268.05M | 306.17M | 314.71M | 310.86M | 303.23M | 315.27M | 318.1M | 315.4M | 335.63M | 355.52M | 361.2M | 357.39M | 351.8M | 229.13M | 177.95M | 159.76M | 137.76M | 125.91M | 114.06M |
| Asset Turnover | 0.13x | 0.12x | 0.06x | 0.16x | 0.15x | 0.10x | 0.15x | 0.15x | 0.11x | 0.10x | 0.14x | 0.17x | 0.20x | 0.30x | 0.47x | 0.42x | 0.36x | 0.39x | 0.38x | 0.36x |
| Asset Growth % | -15.22% | -11.6% | -2.89% | -1.06% | -1.44% | -9.65% | -11.32% | -11.93% | -11.75% | -4.6% | 55.16% | 102.98% | 123.71% | 155.36% | 81.98% | 56.01% | 53.89% | 43.23% | 32.12% | 25.53% |
| Total Current Liabilities | 12.69M | 13.21M | 36.6M | 35.89M | 30.5M | 18.73M | 24.35M | 28.17M | 26.38M | 24.95M | 29M | 36.91M | 40.05M | 45.32M | 51.69M | 30.69M | 25.34M | 22.08M | 20.47M | 15.71M |
| Accounts Payable | 3.68M | 3.85M | 7.03M | 8.69M | 8.68M | 4.33M | 2.78M | 9.05M | 5.91M | 7.37M | 8.89M | 11.64M | 16.68M | 18.37M | 24.12M | 16.24M | 15.02M | 12.37M | 9.21M | 6.65M |
| Days Payables Outstanding | 14.59 | 21.8 | 155.23 | 22.8 | 17.75 | 15.55 | 15.08 | 17.87 | 17.73 | 25.32 | 25.06 | 30.52 | 32.68 | 35.34 | 32.28 | 33.92 | 40.64 | 35.28 | 28.61 | 24.57 |
| Short-Term Debt | 2.89M | 0 | 0 | 3.22M | 3.4M | 0 | 0 | 0 | 2.16M | 2.21M | 2.11M | 10.9M | 8.47M | 4.18M | 4.39M | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 6.12M | 4.2M | 24.55M | 15.18M | 11.17M | 8.19M | 16.77M | 12.87M | 11.8M | 8.81M | 11.86M | 7.32M | 6.32M | 6.87M | 13.62M | 8.92M | 6.8M | 4.14M | 8.73M | 7.01M |
| Current Ratio | 12.84x | 12.55x | 5.42x | 5.93x | 6.76x | 10.57x | 9.43x | 8.38x | 9.76x | 11.09x | 10.21x | 8.21x | 7.51x | 6.49x | 3.10x | 3.91x | 3.91x | 3.81x | 3.49x | 4.45x |
| Quick Ratio | 9.93x | 9.50x | 4.27x | 4.43x | 4.92x | 7.41x | 7.12x | 5.73x | 6.58x | 7.29x | 6.83x | 5.37x | 5.00x | 4.51x | 1.51x | 1.65x | 1.50x | 1.83x | 2.15x | 3.12x |
| Cash Conversion Cycle | 181.7 | 187.15 | 907.56 | 167.68 | 176.1 | 280 | 192.58 | 218.03 | 269.12 | 336.26 | 278.63 | 244.32 | 204.27 | 165.93 | 130.2 | 141.51 | 146.5 | 113.15 | 95.09 | 84.96 |
| Total Non-Current Liabilities | 8.05M | 5.19M | 13.41M | 14.35M | 14.46M | 17.07M | 15.16M | 15.35M | 9.82M | 10.58M | 11.35M | 12.35M | 11.95M | 12.59M | 29.85M | 10.48M | 11.19M | 1.21M | 1.61M | 1.85M |
| Long-Term Debt | 8.05M | 0 | 0 | 0 | 0 | 2.07M | 2.23M | 2.14M | 0 | 0 | 0 | 0 | 2.18M | 2.13M | 18.67M | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 5.19M | 5.93M | 14.35M | 14.46M | 14.99M | 8.76M | 13.14M | 9.1M | 9.97M | 10.63M | 11.57M | 8.94M | 9.71M | 10.41M | 10.48M | 11.19M | 1.21M | 1.61M | 1.85M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 161K | 67K | 721K | 607K | 721K | 782K | 822K | 756K | 774K | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 7.47M | 0 | 0 | 0 | 4.01M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 20.74M | 18.4M | 50.01M | 50.23M | 44.96M | 35.8M | 39.51M | 43.52M | 36.2M | 35.53M | 40.35M | 49.27M | 52M | 57.92M | 81.55M | 41.17M | 36.54M | 23.29M | 22.09M | 17.56M |
| Total Debt | 10.94M | 8.08M | 8.76M | 21.67M | 21.64M | 20.72M | 13.52M | 18.51M | 15.02M | 16M | 16.48M | 26.19M | 23.13M | 19.49M | 36.85M | 13.25M | 13.95M | 1.92M | 2.53M | 2.75M |
| Net Debt | 1.53M | -5.8M | -12.74M | -12.2M | -7.2M | -9.73M | -631K | -7.12M | -800K | -18.49M | -21.35M | -5.2M | -113.95M | -10.82M | 20.2M | -938K | 29K | -10.77M | -10.69M | -18.56M |
| Debt / Equity | 0.05x | 0.03x | 0.03x | 0.08x | 0.08x | 0.08x | 0.05x | 0.07x | 0.05x | 0.05x | 0.05x | 0.08x | 0.08x | 0.07x | 0.25x | 0.10x | 0.11x | 0.02x | 0.02x | 0.03x |
| Debt / EBITDA | - | - | 1.87x | 6.10x | 10.14x | - | - | - | - | - | 4.91x | 3.63x | 1.71x | 1.01x | 1.57x | 0.76x | 1.10x | 0.14x | 0.25x | 0.33x |
| Net Debt / EBITDA | - | - | -2.72x | -3.43x | -3.37x | - | - | - | - | - | -6.36x | -0.72x | -8.43x | -0.56x | 0.86x | -0.05x | 0.00x | -0.79x | -1.07x | -2.24x |
| Interest Coverage | - | - | - | 29.09x | 26.83x | -20.46x | -9.55x | -3.73x | -77.37x | -48.36x | 5.20x | 28.85x | 107.63x | 73.62x | 71.55x | - | - | - | - | - |
| Total Equity | 242.81M | 249.65M | 256.16M | 264.48M | 265.9M | 267.44M | 275.76M | 274.57M | 279.21M | 300.1M | 315.16M | 311.93M | 305.4M | 293.88M | 147.58M | 136.77M | 123.22M | 114.47M | 103.82M | 96.49M |
| Equity Growth % | -8.68% | -6.65% | -7.11% | -3.68% | -4.77% | -10.88% | -12.5% | -11.98% | -8.58% | 2.11% | 113.55% | 128.07% | 147.84% | 156.72% | 42.15% | 41.74% | 37.14% | 32.94% | 25.46% | 21.16% |
| Book Value per Share | 17.76 | 18.00 | 18.41 | 19.12 | 18.86 | 18.82 | 19.37 | 19.27 | 19.09 | 19.73 | 20.65 | 20.45 | 20.01 | 20.57 | 10.60 | 9.84 | 8.86 | 8.24 | 7.49 | 6.99 |
| Total Shareholders' Equity | 242.81M | 249.65M | 256.16M | 264.48M | 265.9M | 267.44M | 275.76M | 274.57M | 279.21M | 300.1M | 315.16M | 311.93M | 305.4M | 293.88M | 147.58M | 136.77M | 123.22M | 114.47M | 103.82M | 96.49M |
| Common Stock | 136K | 138K | 138K | 138K | 140K | 141K | 142K | 142K | 144K | 149K | 153K | 153K | 153K | 152K | 138K | 138K | 138K | 138K | 137.32K | 137.43K |
| Retained Earnings | 105.77M | 106.3M | 106.91M | 115.99M | 114.38M | 113.06M | 114.96M | 115.79M | 116.24M | 122.15M | 127.34M | 124.64M | 119.42M | 109.06M | 94.8M | 77.81M | 65.07M | 55.83M | 45.44M | 38.02M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -144K | 163K | 1.73M | 1.72M | 586K | -17K | 1.08M | 15K | 130K | 476K | -544K | -268K | -234K | -733K | -1.9M | -960K | -932K | 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 |