Fuel Tech, Inc. (FTEK) quarterly balance sheet — complete assets, liabilities & equity history
Fuel Tech, Inc. (FTEK) balance sheet — 30-year assets, liabilities & shareholders' 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 | 25M | 25.03M | 27.15M | 31.94M | 31.95M | 31.01M | 29.15M | 29.62M | 30.92M | 30.3M | 32.19M | 38.32M | 37.35M | 36.59M | 35.38M | 35.83M | 34.3M | 40.98M | 41.46M | 41.47M |
| Cash & Short-Term Investments | 17.83M | 19.61M | 21.58M | 24.88M | 25.86M | 23.01M | 21.79M | 18.69M | 20.44M | 20.07M | 23.25M | 29.71M | 28.29M | 27.99M | 26.77M | 26.31M | 26.55M | 31.31M | 34.17M | 35.89M |
| Cash Only | 6.83M | 7.62M | 9.11M | 11.94M | 13.68M | 10.59M | 11.82M | 8.51M | 12.27M | 10.4M | 11.38M | 17.58M | 13.48M | 15.13M | 15.7M | 12.56M | 23.86M | 31.31M | 34.17M | 35.89M |
| Short-Term Investments | 11M | 11.99M | 12.47M | 12.94M | 12.18M | 12.42M | 9.97M | 10.18M | 8.16M | 9.67M | 11.87M | 12.14M | 14.8M | 12.86M | 11.07M | 13.75M | 2.69M | 0 | 0 | 0 |
| Accounts Receivable | 5.89M | 3.9M | 4.11M | 5.36M | 4.83M | 6.29M | 5.63M | 9.37M | 9.2M | 8.65M | 7.1M | 6.73M | 7.7M | 6.78M | 6.63M | 7.73M | 6.66M | 6.35M | 4.71M | 3.26M |
| Days Sales Outstanding | 51.93 | 56.24 | 70.07 | 64.64 | 68.3 | 97.65 | 105.79 | 161.69 | 104.6 | 101.8 | 126.97 | 104.58 | 83.37 | 111.73 | 88.67 | 94.26 | 74.61 | 78.96 | 64.75 | 58.61 |
| Inventory | 382K | 358K | 364K | 373K | 402K | 616K | 534K | 397K | 441K | 462K | 537K | 439K | 325K | 528K | 509K | 392K | 391K | 405K | 361K | 348K |
| Days Inventory Outstanding | 7.13 | 8.62 | 9.65 | 8.88 | 12.23 | 17.27 | 12.24 | 12.65 | 9.35 | 11.11 | 15.17 | 11.33 | 8.97 | 13.62 | 9.05 | 8.96 | 8.43 | 9.45 | 9.83 | 6.81 |
| Other Current Assets | 0 | 1.15M | 1.1M | 1.33M | 864K | 1.09M | 1.19M | 1.16M | 838K | 1.12M | 1.29M | 1.44M | 1.04M | 1.29M | 126K | 1.4M | 696K | 2.07M | 1.16M | 891K |
| Total Non-Current Assets | 18.03M | 18.17M | 17.33M | 15.23M | 15.96M | 15.99M | 17.56M | 19.18M | 19.2M | 18.69M | 17.26M | 12.07M | 12.97M | 13.02M | 14.9M | 14.3M | 15.39M | 8.13M | 8.16M | 8.51M |
| Property, Plant & Equipment | 5.17M | 5.27M | 5.4M | 5.28M | 5.38M | 5.43M | 5.54M | 5.67M | 5.12M | 5.12M | 5.15M | 5.15M | 4.83M | 4.86M | 4.54M | 4.63M | 4.73M | 4.79M | 4.76M | 4.85M |
| Fixed Asset Turnover | 1.66x | 1.22x | 1.14x | 1.36x | 1.39x | 1.01x | 1.14x | 0.98x | 1.53x | 1.37x | 0.96x | 1.27x | 1.65x | 1.16x | 1.59x | 1.50x | 1.68x | 1.33x | 1.15x | 1.24x |
| Goodwill | 2.12M | 2.12M | 2.12M | 2.12M | 2.12M | 2.12M | 2.12M | 2.12M | 2.12M | 2.12M | 2.12M | 2.12M | 2.12M | 2.12M | 2.12M | 2.12M | 2.12M | 2.12M | 2.12M | 2.12M |
| Intangible Assets | 587K | 604K | 620K | 646K | 306K | 315K | 324K | 327K | 327K | 337K | 343K | 358K | 376K | 382K | 401K | 397K | 410K | 416K | 448K | 448K |
| Long-Term Investments | 9.95M | 9.97M | 8.99M | 6.99M | 7.97M | 7.92M | 9.38M | 10.88M | 10.88M | 10.36M | 8.88M | 3.66M | 4.88M | 4.87M | 7.05M | 6.36M | 7.34M | 0 | 0 | 270K |
| Other Non-Current Assets | 208K | 202K | 200K | 207K | 190K | 205K | 197K | 191K | 757K | 756K | 764K | 781K | 771K | 612K | 796K | 794K | 791K | 811K | 837K | 858K |
| Total Assets | 43.03M | 43.19M | 44.49M | 47.18M | 47.91M | 47M | 46.71M | 48.8M | 50.12M | 48.99M | 49.45M | 50.39M | 50.32M | 49.61M | 50.28M | 50.12M | 49.68M | 49.12M | 49.62M | 49.97M |
| Asset Turnover | 0.20x | 0.15x | 0.13x | 0.15x | 0.16x | 0.12x | 0.13x | 0.11x | 0.16x | 0.14x | 0.10x | 0.13x | 0.16x | 0.11x | 0.15x | 0.14x | 0.16x | 0.13x | 0.11x | 0.13x |
| Asset Growth % | -10.19% | -8.1% | -4.76% | -3.32% | -4.4% | -4.06% | -5.54% | -3.16% | -0.4% | -1.24% | -1.66% | 0.53% | 1.28% | 1% | 1.33% | 0.3% | -2.66% | -1.88% | -2.79% | 66.09% |
| Total Current Liabilities | 4.98M | 4.91M | 4.99M | 6.27M | 5.91M | 5.33M | 4.29M | 5.86M | 5.32M | 4.48M | 4.53M | 5.69M | 5.43M | 5.13M | 5.17M | 4.77M | 4.37M | 4.03M | 3.98M | 3.22M |
| Accounts Payable | 3.01M | 2.82M | 2.14M | 3.24M | 2.4M | 2.12M | 1.59M | 2.92M | 3.27M | 2.94M | 1.85M | 2.42M | 2.87M | 3.1M | 3.65M | 2.71M | 2.63M | 2.35M | 2.24M | 1.56M |
| Days Payables Outstanding | 56.17 | 59.25 | 70.54 | 64.7 | 54.37 | 55.74 | 59.18 | 93.36 | 64.27 | 53.29 | 66.4 | 78.49 | 62.75 | 88.61 | 63.87 | 61.09 | 52.66 | 56.57 | 52.71 | 41.73 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 81K | 103K | 0 | 0 | 125K | 125K | 0 | 0 | 0 |
| Deferred Revenue (Current) | 753K | 1.05M | 1.14M | 1.12M | 2.28M | 2.02M | 943K | 1.08M | 823K | 354K | 861K | 1.38M | 1.36M | 938K | 0 | 372K | 174K | 0 | 0 | 390K |
| Other Current Liabilities | 270K | 230K | 1.42M | 1.47M | 907K | 902K | 1.45M | 1.41M | 918K | 890K | 1.45M | 552K | 473K | 369K | 586K | 454K | 594K | 578K | 522K | 471K |
| Current Ratio | 5.02x | 5.10x | 5.44x | 5.09x | 5.41x | 5.82x | 6.80x | 5.06x | 5.82x | 6.76x | 7.11x | 6.74x | 6.88x | 7.14x | 6.84x | 7.52x | 7.84x | 10.17x | 10.41x | 12.87x |
| Quick Ratio | 4.95x | 5.03x | 5.37x | 5.03x | 5.34x | 5.71x | 6.67x | 4.99x | 5.73x | 6.66x | 6.99x | 6.66x | 6.82x | 7.03x | 6.74x | 7.43x | 7.75x | 10.07x | 10.32x | 12.76x |
| Cash Conversion Cycle | 2.9 | 5.62 | 9.18 | 8.82 | 26.16 | 59.18 | 58.84 | 80.98 | 49.68 | 59.62 | 75.74 | 37.42 | 29.59 | 36.74 | 33.85 | 42.14 | 30.38 | 31.83 | 21.87 | 23.69 |
| Total Non-Current Liabilities | 902K | 843K | 943K | 974K | 993K | 1.01M | 984K | 987K | 938K | 943K | 960K | 1.06M | 876K | 833K | 505K | 593K | 552K | 505K | 506K | 551K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 76K | 76K | 0 | 0 | 76K | 76K | 0 | 0 | 0 |
| Capital Lease Obligations | 421K | 439K | 465K | 491K | 514K | 536K | 532K | 548K | 480K | 495K | 512K | 533K | 348K | 376K | 51K | 66K | 94K | 111K | 98K | 122K |
| Deferred Tax Liabilities | 187K | 187K | 187K | 187K | 176K | 176K | 176K | 176K | 172K | 172K | 172K | 172K | 177K | 177K | 0 | 177K | 139K | 0 | 0 | 139K |
| Other Non-Current Liabilities | 294K | 217K | 291K | 296K | 303K | 301K | 276K | 263K | 286K | 276K | 276K | 281K | 275K | 280K | 454K | 274K | 243K | 394K | 408K | 290K |
| Total Liabilities | 5.88M | 5.83M | 5.93M | 7.25M | 6.9M | 6.34M | 5.27M | 6.84M | 6.25M | 5.42M | 5.49M | 6.75M | 6.31M | 5.96M | 5.68M | 5.36M | 4.93M | 4.54M | 4.49M | 3.77M |
| Total Debt | 522K | 533K | 557K | 580K | 601K | 620K | 607K | 625K | 561K | 589K | 617K | 690K | 527K | 483K | 160K | 267K | 295K | 229K | 204K | 235K |
| Net Debt | -6.31M | -7.09M | -8.55M | -11.36M | -13.08M | -9.97M | -11.21M | -7.88M | -11.71M | -9.81M | -10.77M | -16.89M | -12.96M | -14.65M | -15.54M | -12.29M | -23.56M | -31.08M | -33.97M | -35.66M |
| Debt / Equity | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.02x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.02x | 0.01x | 0.01x | 0.00x | 0.01x | 0.01x | 0.01x | 0.00x | 0.01x |
| Debt / EBITDA | - | - | - | - | 3.41x | - | - | - | - | - | - | - | 2.18x | - | - | - | 0.99x | - | - | - |
| Net Debt / EBITDA | - | - | - | - | -74.30x | - | - | - | - | - | - | - | -53.54x | - | - | - | -79.33x | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | -77.33x | 92.80x | -207.80x | -81.80x | -88.25x | 79.50x | -85.75x | -198.60x | -80.33x |
| Total Equity | 37.15M | 37.37M | 38.56M | 39.93M | 41.01M | 40.66M | 41.44M | 41.95M | 43.86M | 43.57M | 43.96M | 43.64M | 44.01M | 43.65M | 44.6M | 44.77M | 44.76M | 44.58M | 45.13M | 46.2M |
| Equity Growth % | -9.41% | -8.11% | -6.96% | -4.82% | -6.51% | -6.67% | -5.73% | -3.86% | -0.34% | -0.19% | -1.45% | -2.52% | -1.66% | -2.09% | -1.18% | -3.11% | -3.63% | -2.86% | -2.99% | 106.98% |
| Book Value per Share | 1.19 | 1.20 | 1.24 | 1.29 | 1.31 | 1.32 | 1.35 | 1.37 | 1.42 | 1.43 | 1.43 | 1.44 | 1.44 | 1.44 | 1.47 | 1.48 | 1.47 | 1.47 | 1.49 | 1.53 |
| Total Shareholders' Equity | 37.15M | 37.37M | 38.56M | 39.93M | 41.01M | 40.66M | 41.44M | 41.95M | 43.86M | 43.57M | 43.96M | 43.64M | 44.01M | 43.65M | 44.6M | 44.77M | 44.76M | 44.58M | 45.13M | 46.2M |
| Common Stock | 324K | 324K | 323K | 322K | 322K | 322K | 318K | 317K | 317K | 317K | 313K | 313K | 313K | 313K | 313K | 313K | 313K | 313K | 313K | 312K |
| Retained Earnings | -124.65M | -124.38M | -123.15M | -121.8M | -120.6M | -120.9M | -120.21M | -119.47M | -117.59M | -117.67M | -117.25M | -117.53M | -116.99M | -117.45M | -116.41M | -115.99M | -115.59M | -115.9M | -115.55M | -114.55M |
| Treasury Stock | -2.61M | -2.61M | -2.6M | -2.57M | -2.57M | -2.57M | -2.37M | -2.35M | -2.35M | -2.35M | -2.25M | -2.25M | -2.25M | -2.25M | -2.25M | -2.25M | -2.25M | -2.25M | -2.25M | -2.23M |
| Accumulated OCI | -1.76M | -1.75M | -1.76M | -1.72M | -1.78M | -1.77M | -1.78M | -1.92M | -1.78M | -1.89M | -1.89M | -1.75M | -1.81M | -1.69M | -1.57M | -1.73M | -2.05M | -1.82M | -1.6M | -1.6M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |