Ranpak Holdings Corp. (PACK) 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 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 143.7M | 153.8M | 146.7M | 151.9M | 156.5M | 151.2M | 153M | 147.5M | 125M | 124.9M | 123.4M | 139M | 140.2M | 139.6M | 164.4M | 171.4M | 187M | 191.5M | 198.7M | 201.7M |
| Cash & Short-Term Investments | 48.5M | 63M | 49.9M | 49.2M | 65.5M | 76.1M | 69.5M | 65.1M | 55.1M | 62M | 52.1M | 53.9M | 58.6M | 62.8M | 61.3M | 59.2M | 80.5M | 103.9M | 110.4M | 125.3M |
| Cash Only | 48.5M | 63M | 49.9M | 49.2M | 65.5M | 76.1M | 69.5M | 65.1M | 55.1M | 62M | 52.1M | 53.9M | 58.6M | 62.8M | 61.3M | 59.2M | 80.5M | 103.9M | 110.4M | 125.3M |
| 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 | 43.6M | 47.7M | 56.5M | 51.2M | 45.9M | 45.7M | 51.3M | 44M | 37.7M | 32.5M | 35.9M | 39.4M | 39.6M | 35.1M | 44.9M | 49.1M | 53.6M | 46.4M | 54M | 47.4M |
| Days Sales Outstanding | 40.6 | 42.83 | 49.74 | 47.87 | 45.2 | 42.5 | 47.55 | 43.02 | 37.45 | 34.81 | 41.83 | 43.89 | 41.4 | 46.35 | 55.58 | 53.83 | 54.55 | 42.33 | 48.04 | 46.16 |
| Inventory | 33.7M | 30.6M | 36M | 38.1M | 35.3M | 21.7M | 22.5M | 26M | 19.3M | 17.3M | 18.6M | 22.4M | 22.6M | 25M | 32.3M | 42.8M | 41.2M | 32.9M | 30.2M | 25.6M |
| Days Inventory Outstanding | 38.43 | 36.3 | 45.81 | 46.26 | 37.01 | 31.97 | 38.6 | 37.68 | 31.42 | 29.33 | 36.76 | 39.6 | 39.89 | 46.16 | 64.69 | 65.33 | 57.59 | 41.35 | 43.43 | 39.05 |
| Other Current Assets | 17.9M | 12.5M | 4.3M | 13.4M | 9.8M | 7.7M | 9.7M | 12.4M | 12.9M | 13.1M | 16.8M | 23.3M | 19.4M | 16.7M | 0 | 0 | 0 | 0 | 4.1M | 3.4M |
| Total Non-Current Assets | 963.4M | 971.1M | 982.9M | 986.1M | 963M | 953M | 980.3M | 972.5M | 982.2M | 997.8M | 995.8M | 999.6M | 1.01B | 993.9M | 976.2M | 992.5M | 1.01B | 1.02B | 1.02B | 1.02B |
| Property, Plant & Equipment | 158M | 162.7M | 167.5M | 169.2M | 162M | 158.5M | 166.1M | 161.3M | 161.6M | 165.8M | 156.4M | 149M | 148.9M | 130M | 124.7M | 125.5M | 129M | 132.9M | 133.3M | 132.4M |
| Fixed Asset Turnover | 0.63x | 0.68x | 0.59x | 0.56x | 0.57x | 0.65x | 0.56x | 0.54x | 0.52x | 0.56x | 0.54x | 0.55x | 0.58x | 0.62x | 0.62x | 0.68x | 0.63x | 0.82x | 0.73x | 0.69x |
| Goodwill | 454.4M | 457.2M | 457M | 457M | 448M | 443.7M | 451.3M | 446.8M | 447.6M | 450.1M | 445.4M | 448.4M | 448.7M | 446.7M | 437.8M | 444.1M | 451.3M | 453M | 452.1M | 454.9M |
| Intangible Assets | 283M | 291.8M | 298.9M | 306.1M | 307.7M | 312.2M | 324.4M | 328.7M | 336.4M | 345.4M | 349.5M | 358.9M | 366.4M | 372.1M | 372.1M | 384.9M | 398.6M | 406.5M | 413.9M | 423.3M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.4M | 0 | 0 | 0 | 400K | 1.8M | 2.5M | 4M | 2.9M | -100K | 1.4M | 0 |
| Other Non-Current Assets | 67.6M | 59M | 59.4M | 53.7M | 45.2M | 38.5M | 38.4M | 35.6M | 32.1M | 36.4M | 43.9M | 42.7M | 44M | 42.7M | 41.6M | 38M | 34.4M | 29.4M | 23.2M | 9.9M |
| Total Assets | 1.11B | 1.12B | 1.13B | 1.14B | 1.12B | 1.1B | 1.13B | 1.12B | 1.11B | 1.12B | 1.12B | 1.14B | 1.15B | 1.13B | 1.14B | 1.16B | 1.2B | 1.21B | 1.22B | 1.22B |
| Asset Turnover | 0.09x | 0.10x | 0.09x | 0.08x | 0.08x | 0.09x | 0.08x | 0.08x | 0.08x | 0.08x | 0.07x | 0.07x | 0.07x | 0.07x | 0.07x | 0.07x | 0.07x | 0.09x | 0.08x | 0.08x |
| Asset Growth % | -1.11% | 1.87% | -0.33% | 1.61% | 1.11% | -1.65% | 1.26% | -1.63% | -3.65% | -0.95% | -1.88% | -2.17% | -4.26% | -6.58% | -6.71% | -4.77% | 6.59% | 7.05% | 9.06% | 10.3% |
| Total Current Liabilities | 83.2M | 84M | 78.2M | 87.3M | 87.7M | 68.4M | 64.8M | 58.6M | 51.3M | 48M | 45.9M | 49M | 42.9M | 39.1M | 46.4M | 53.6M | 67.7M | 71.5M | 71.5M | 65.7M |
| Accounts Payable | 35.1M | 36.7M | 34.6M | 33.2M | 37.1M | 26.9M | 24.4M | 26.2M | 20.8M | 17.6M | 19.7M | 24.6M | 21.9M | 24.3M | 24.4M | 31.4M | 39.4M | 33.5M | 34.7M | 33.2M |
| Days Payables Outstanding | 42.91 | 38.86 | 41.92 | 44.3 | 41.56 | 37.1 | 40.27 | 39.1 | 32.97 | 30.48 | 39.72 | 40.92 | 38.72 | 39.23 | 48.07 | 55.07 | 56.66 | 44.69 | 52.85 | 50.19 |
| Short-Term Debt | 10.2M | 9.4M | 4.3M | 3.9M | 4M | 4M | 1.1M | 1.6M | 1.6M | 1.6M | 5.3M | 5.1M | 4.1M | 600K | 2.7M | 2.8M | 3.2M | 1M | 3.5M | 3.6M |
| Deferred Revenue (Current) | 13.1M | 14M | 8.9M | 8.9M | 3.3M | 3.4M | 4.8M | 2.4M | 1.6M | 2M | 2.8M | 2.7M | 1.6M | 900K | 1.6M | 1.4M | 2.1M | 3.1M | 1.7M | 2.1M |
| Other Current Liabilities | 24.8M | 18.5M | 9.2M | 8.4M | 15.6M | 4.5M | 9.9M | 15.2M | 9.6M | 13.7M | 9.9M | 8.5M | 6.5M | 4.4M | 12.5M | 13.4M | 14.7M | 13M | 15.9M | 13.3M |
| Current Ratio | 1.73x | 1.83x | 1.88x | 1.74x | 1.78x | 2.21x | 2.36x | 2.52x | 2.44x | 2.60x | 2.69x | 2.84x | 3.27x | 3.57x | 3.54x | 3.20x | 2.76x | 2.68x | 2.78x | 3.07x |
| Quick Ratio | 1.32x | 1.47x | 1.42x | 1.30x | 1.38x | 1.89x | 2.01x | 2.07x | 2.06x | 2.24x | 2.28x | 2.38x | 2.74x | 2.93x | 2.85x | 2.40x | 2.15x | 2.22x | 2.36x | 2.68x |
| Cash Conversion Cycle | 36.12 | 40.27 | 53.64 | 49.82 | 40.65 | 37.36 | 45.88 | 41.61 | 35.9 | 33.66 | 38.87 | 42.57 | 42.57 | 53.28 | 72.2 | 64.1 | 55.48 | 38.99 | 38.62 | 35.01 |
| Total Non-Current Liabilities | 499.4M | 506M | 513.6M | 511.7M | 487.7M | 487.7M | 504.2M | 495.2M | 495.9M | 502.7M | 495.7M | 499.4M | 502.7M | 481.6M | 482.6M | 491.4M | 501.2M | 505.7M | 519.5M | 527.2M |
| Long-Term Debt | 419.5M | 394.6M | 397.2M | 397.7M | 399.5M | 398.1M | 397.9M | 392.5M | 392.9M | 396.8M | 389.2M | 393.5M | 395M | 391.7M | 378.9M | 387.4M | 397.1M | 401.9M | 402.9M | 407M |
| Capital Lease Obligations | 0 | 26M | 25.1M | 24.2M | 21.5M | 23.5M | 24.9M | 23.5M | 24.6M | 25.7M | 24M | 19.4M | 19.2M | 4M | 4M | 3.3M | 3.8M | 5.2M | 5.4M | 6.2M |
| Deferred Tax Liabilities | 49.5M | 50.7M | 57.4M | 55.1M | 59.3M | 62M | 71.2M | 72.4M | 71.6M | 71.6M | 78.1M | 79.5M | 82.3M | 80.8M | 92.1M | 95.3M | 98M | 97.7M | 105.4M | 107.1M |
| Other Non-Current Liabilities | 30.4M | 34.7M | 33.9M | 34.7M | 7.4M | 4.1M | 10.2M | 6.8M | 6.8M | 8.6M | 4.4M | 7M | 6.2M | 5.1M | 7.6M | 5.4M | 2.3M | 900K | 5.8M | 6.9M |
| Total Liabilities | 582.6M | 590M | 591.8M | 599M | 575.4M | 556.1M | 569M | 553.8M | 547.2M | 550.7M | 541.6M | 548.4M | 545.6M | 520.7M | 529M | 545M | 568.9M | 577.2M | 591M | 592.9M |
| Total Debt | 429.7M | 430M | 432.1M | 431.3M | 430.8M | 431.2M | 429.5M | 422.5M | 423.9M | 428.8M | 418.5M | 418M | 418.3M | 399M | 386.3M | 394.3M | 405.1M | 411.1M | 411.8M | 416.8M |
| Net Debt | 381.2M | 367M | 382.2M | 382.1M | 365.3M | 355.1M | 360M | 357.4M | 368.8M | 366.8M | 366.4M | 364.1M | 359.7M | 336.2M | 325M | 335.1M | 324.6M | 307.2M | 301.4M | 291.5M |
| Debt / Equity | 0.82x | 0.80x | 0.80x | 0.80x | 0.79x | 0.79x | 0.76x | 0.75x | 0.76x | 0.75x | 0.72x | 0.71x | 0.69x | 0.65x | 0.63x | 0.64x | 0.64x | 0.65x | 0.65x | 0.66x |
| Debt / EBITDA | 33.05x | 26.71x | 35.71x | 60.75x | 60.68x | 24.92x | 44.28x | 36.74x | 30.28x | 27.49x | 22.38x | 19.09x | 51.64x | 37.64x | 58.53x | 61.61x | 81.02x | 20.25x | 19.80x | 21.71x |
| Net Debt / EBITDA | 29.32x | 22.80x | 31.59x | 53.82x | 51.45x | 20.53x | 37.11x | 31.08x | 26.34x | 23.51x | 19.59x | 16.63x | 44.41x | 31.72x | 49.24x | 52.36x | 64.92x | 15.13x | 14.49x | 15.18x |
| Interest Coverage | -0.44x | -0.13x | -0.72x | -1.23x | -0.96x | 1.15x | -0.16x | 2.09x | -0.63x | -0.80x | 0.35x | 0.69x | -1.54x | 2.64x | -1.23x | -1.86x | -2.64x | 4.79x | 0.69x | -0.17x |
| Total Equity | 524.5M | 534.9M | 537.8M | 539M | 544.1M | 548.1M | 564.3M | 566.2M | 560M | 572M | 577.6M | 590.2M | 603.6M | 612.8M | 611.6M | 618.9M | 631.4M | 636.2M | 631.6M | 629.3M |
| Equity Growth % | -3.6% | -2.41% | -4.7% | -4.8% | -2.84% | -4.18% | -2.3% | -4.07% | -7.22% | -6.66% | -5.56% | -4.64% | -4.4% | -3.68% | -3.17% | -1.65% | 20.54% | 21.67% | 22.1% | 22.46% |
| Book Value per Share | 6.18 | 6.34 | 6.37 | 6.40 | 6.50 | 6.60 | 6.78 | 6.81 | 6.77 | 6.92 | 7.02 | 7.16 | 7.35 | 7.47 | 7.46 | 7.55 | 7.74 | 7.82 | 7.76 | 8.10 |
| Total Shareholders' Equity | 524.5M | 534.9M | 537.8M | 539M | 544.1M | 548.1M | 564.3M | 566.2M | 560M | 572M | 577.6M | 590.2M | 603.6M | 612.8M | 611.6M | 618.9M | 631.4M | 636.2M | 631.6M | 629.3M |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -193.8M | -183.6M | -174.1M | -163.7M | -156.2M | -145.3M | -134.5M | -126.4M | -131.9M | -123.8M | -114.5M | -111.2M | -109.1M | -96.7M | -89.4M | -80.7M | -69.4M | -55.3M | -52.8M | -51.4M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -6.1M | -3.8M | -6.9M | -7.6M | -7M | -6.2M | 900K | -3.5M | -2.7M | 2.1M | 0 | 4.2M | 6M | 5.2M | -5.8M | -500K | 6M | 2.6M | 3.7M | 6.9M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |