The company maintains a conservative financial position with a debt-to-equity ratio of 0.08 as of 2026Q1, though retained earnings have deepened to a deficit of $6.7 million.
| Total Current Assets | 42.93M | 38.64M | 45.48M | 43.04M | 46.09M | 47.56M | 9.27M | 10.02M |
| Cash & Short-Term Investments | 12.76M | 11.63M | 18.21M | 18.45M | 25.03M | 32.23M | 647.24K | 2.44M |
| Cash Only | 7.65M | 6.75M | 9.36M | 8.06M | 15.25M | 32.23M | 647.24K | 2.44M |
| Short-Term Investments | 5.12M | 4.87M | 8.86M | 10.39M | 9.78M | 0 | 0 | 0 |
| Accounts Receivable | 17.44M | 17.25M | 18.66M | 17.08M | 13.75M | 8.98M | 5.68M | 5.12M |
| Days Sales Outstanding | 57.01 | 54.2 | 82.42 | 82.01 | 86.71 | 82.58 | 54.91 | 61.6 |
| Inventory | 8.55M | 7.62M | 5.39M | 4.78M | 5.93M | 5.23M | 2.5M | 1.95M |
| Days Inventory Outstanding | 33.55 | 33.94 | 34.6 | 34.13 | 50.91 | 68.51 | 34.73 | 33.26 |
| Other Current Assets | 813K | 2.14M | 878K | 0 | 0 | 499.87K | 324.93K | 140.29K |
| Total Non-Current Assets | 10.22M | 10.71M | 9.67M | 5.99M | 4.14M | 3.64M | 4.03M | 2.08M |
| Property, Plant & Equipment | 3.68M | 3.99M | 2.5M | 2.86M | 1.78M | 1.71M | 1.81M | 2.08M |
| Fixed Asset Turnover | 30.12x | 29.13x | 33.09x | 26.60x | 32.42x | 23.21x | 20.87x | 14.57x |
| Goodwill | 2.32M | 2.32M | 2.32M | 0 | 90K | 0 | 0 | 0 |
| Intangible Assets | 4.22M | 3.69M | 4.82M | 3.11M | 2.24M | 1.93M | 2.22M | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 707K | 23K | 23K | 23K | 0 | 6.75K | 0 |
| Total Assets | 53.16M | 49.35M | 55.15M | 49.04M | 50.23M | 51.2M | 13.3M | 12.1M |
| Asset Turnover | 2.22x | 2.35x | 1.50x | 1.55x | 1.15x | 0.78x | 2.84x | 2.50x |
| Asset Growth % | 25.74% | -10.52% | 12.46% | -2.38% | -1.9% | 284.85% | 9.92% | - |
| Total Current Liabilities | 19.55M | 16.5M | 22.2M | 11.19M | 13.15M | 7.83M | 8M | 10.2M |
| Accounts Payable | 9.99M | 7M | 6.36M | 3.22M | 3.57M | 2.11M | 3.27M | 4.2M |
| Days Payables Outstanding | 32.76 | 31.16 | 40.86 | 22.96 | 30.67 | 27.63 | 45.41 | 71.82 |
| Short-Term Debt | 807K | 832K | 731K | 0 | 162K | 162.36K | 1.97M | 2.15M |
| Deferred Revenue (Current) | 17.7M | 3.2M | 4.42M | 1.12M | 633K | 721.61K | 564.23K | 362.95K |
| Other Current Liabilities | 1.58M | 5.47M | 5.89M | 1.89M | 7M | 816.56K | 649.01K | 2.1M |
| Current Ratio | 2.20x | 2.34x | 2.05x | 3.85x | 3.51x | 6.07x | 1.16x | 0.98x |
| Quick Ratio | 1.76x | 1.88x | 1.81x | 3.42x | 3.05x | 5.41x | 0.85x | 0.79x |
| Cash Conversion Cycle | 57.8 | 56.98 | 76.17 | 93.17 | 106.95 | 123.47 | 44.23 | 23.04 |
| Total Non-Current Liabilities | 2.2M | 2.34M | 1.31M | 2.2M | 1.36M | 1.76M | 3.68M | 1.3M |
| Long-Term Debt | 190K | 194K | 0 | 0 | 0 | 0 | 766.83K | 38.21K |
| Capital Lease Obligations | 6.99M | 1.7M | 432K | 798K | 460K | 784.68K | 1.06M | 1.27M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 455K | 455K | 880K | 1.4M | 902K | 976.08K | 1.85M | 0 |
| Total Liabilities | 21.75M | 18.85M | 23.51M | 13.39M | 14.51M | 9.59M | 11.68M | 11.51M |
| Total Debt | 2.55M | 2.72M | 1.53M | 1.33M | 947K | 1.26M | 4.09M | 3.81M |
| Net Debt | -5.1M | -4.03M | -7.83M | -6.73M | -14.31M | -30.97M | 3.44M | 1.37M |
| Debt / Equity | 0.08x | 0.09x | 0.05x | 0.04x | 0.03x | 0.03x | 2.51x | 6.37x |
| Debt / EBITDA | 7.25x | - | - | - | - | 142.31x | 2.39x | 4.96x |
| Net Debt / EBITDA | -14.48x | - | - | - | - | -3505.72x | 2.01x | 1.79x |
| Interest Coverage | - | - | - | - | - | -3.20x | 30.13x | 6.15x |
| Total Equity | 31.4M | 30.5M | 31.64M | 35.65M | 35.72M | 41.61M | 1.63M | 598.57K |
| Equity Growth % | -16.86% | -3.6% | -11.25% | -0.19% | -14.16% | 2456.38% | 171.94% | - |
| Book Value per Share | 1.68 | 1.65 | 1.70 | 1.92 | 1.86 | 1.98 | 0.11 | 0.04 |
| Total Shareholders' Equity | 31.4M | 30.5M | 31.64M | 35.65M | 35.72M | 41.61M | 1.63M | 598.57K |
| Common Stock | 2K | 2K | 2K | 2K | 2K | 1.98K | 100 | 100 |
| Retained Earnings | -6.75M | -7.49M | -6.74M | -2.6M | -2.22M | 1.86M | 1.63M | 598.47K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 61K | 63K | -10K | -13K | -179K | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Operating margin volatility
According to recent quarterly filings, Stran & Company has grown its total assets from $49.0 million in 2023Q4 to $53.2 million in 2026Q1, though this expansion appears disconnected from profitability as retained earnings have consistently deepened into negative territory, reaching -$6.7 million in the most recent period.
The growth in the asset base suggests an aggressive pursuit of scale, yet the persistent deficit in retained earnings indicates that this expansion has not yet generated self-sustaining value. Investors should monitor whether the asset growth is primarily driven by inventory accumulation or acquisition-related intangibles, as neither provides the same quality of support as organic earnings growth.
Based on reported financial statements, Stran maintains a highly conservative capital structure with a debt-to-equity ratio of 0.08 as of 2026Q1, reflecting a strategic preference for minimal leverage despite the company's ongoing struggle to achieve consistent GAAP profitability in its core promotional products operations.
The minimal reliance on debt provides a significant buffer against interest rate volatility and suggests that the company is not currently forced to service heavy interest obligations. This low-leverage profile appears to be a deliberate choice by management to prioritize balance sheet stability while the business model remains in a high-growth, cash-consuming phase.
As indicated by the latest balance sheet data, the company maintains a current ratio of 2.20, which suggests that Stran possesses sufficient short-term assets to cover its immediate liabilities, even as cash reserves have fluctuated from a high of $13.1 million in 2025Q2 to $7.6 million in 2026Q1.
While the current ratio remains healthy, the volatility in cash levels warrants further investigation into the timing of working capital cycles and inventory turnover. The company appears to have adequate liquidity to fund near-term operations, but the lack of consistent cash generation from operations may necessitate future capital raises if the current burn rate persists.
Based on the company's business model, the reliance on custom-branded inventory presents a non-obvious risk, as these assets may hold near-zero liquidation value if client contracts are terminated, potentially distorting the perceived quality of the $53.2 million in total assets reported in the 2026Q1 balance sheet.
The concentration of value in client-specific inventory suggests that the balance sheet may be more sensitive to client retention than headline figures imply. Investors should consider that a significant portion of the asset base could be subject to rapid impairment if the program-based business model faces a sudden contraction in corporate marketing budgets.
Quick answers to the most common questions about buying SWAG stock.
As of 2025, Stran & Company, Inc. (SWAG) had total assets of $49.3M including $38.6M in current assets.
Stran & Company, Inc. (SWAG) carries total debt of $2.7M, offset by $11.6M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Stran & Company, Inc. (SWAG) has total shareholders' equity (book value) of $30.5M ($1.65 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Stran & Company, Inc. (SWAG) reported a current ratio of 2.34x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.