Tandy Leather Factory, Inc. (TLF) 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 | 44.9M | 50.58M | 49.66M | 54.47M | 59.43M | 50.54M | 50.39M | 50.79M | 50.16M | 51.25M | 48.17M | 48.8M | 45.81M | 47.25M | 48.31M | 49.23M | 50.3M | 50.45M | 52.63M | 52.34M |
| Cash & Short-Term Investments | 10.1M | 16.09M | 12.02M | 16.42M | 23.59M | 13.27M | 10.05M | 11.53M | 12.31M | 12.16M | 8.62M | 10.03M | 8.65M | 7.97M | 3.05M | 5.59M | 10.34M | 10.15M | 6.09M | 5.7M |
| Cash Only | 10.1M | 16.09M | 12.02M | 16.42M | 23.59M | 13.27M | 10.05M | 11.53M | 12.31M | 12.16M | 8.62M | 10.03M | 8.65M | 7.97M | 3.05M | 5.59M | 10.34M | 10.15M | 6.09M | 5.7M |
| 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 | 313K | 425K | 304K | 796K | 686K | 715K | 1.3M | 1.08M | 668K | 512K | 687K | 813K | 474K | 672K | 368K | 2.37M | 1.59M | 1.59M | 1.85M | 1.83M |
| Days Sales Outstanding | 1.69 | 1.51 | 2.93 | 3.79 | 3.31 | 4.53 | 6.3 | 4.59 | 2.79 | 2.65 | 3.93 | 3.35 | 2.53 | 2.14 | 6.6 | 9.79 | 6.98 | 6.76 | 8.79 | 9.29 |
| Inventory | 33.7M | 33.24M | 35.95M | 36.2M | 34.35M | 35.56M | 38.15M | 37.19M | 36.67M | 37.99M | 38.59M | 37.51M | 35.87M | 38.23M | 42.31M | 40.11M | 37.75M | 38.08M | 43.73M | 43.67M |
| Days Inventory Outstanding | 322.73 | 312.84 | 467.82 | 445.83 | 378.19 | 351.92 | 472.87 | 462.42 | 406.63 | 333.93 | 530.06 | 508.93 | 390.41 | 374.24 | 508.15 | 447.94 | 398.25 | 342.83 | 490.77 | 515.68 |
| Other Current Assets | 96K | 111K | 308K | 88K | 95K | 96K | 80K | 84K | 99K | 113K | 71K | 68K | 416K | 106K | 1.76M | 126K | 139K | 141K | 252K | 270K |
| Total Non-Current Assets | 36.62M | 36.05M | 34.88M | 22.07M | 18.49M | 24.39M | 22.64M | 22M | 22.27M | 20.88M | 20.5M | 22.13M | 22.37M | 21.33M | 21.91M | 21.89M | 22.38M | 22.64M | 23.2M | 23.57M |
| Property, Plant & Equipment | 35.52M | 34.84M | 34M | 20.41M | 16.78M | 22.66M | 21.5M | 20.79M | 20.95M | 19.57M | 20.04M | 21.66M | 21.95M | 20.93M | 21.49M | 21.49M | 21.98M | 22.24M | 22.74M | 23.11M |
| Fixed Asset Turnover | 0.56x | 0.65x | 0.63x | 0.96x | 0.97x | 0.93x | 0.82x | 0.83x | 0.95x | 1.05x | 0.84x | 0.80x | 0.95x | 1.05x | 0.89x | 0.85x | 0.93x | 1.04x | 0.84x | 0.80x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5K | 5K | 5K | 5K | 5K | 5K | 6K | 6K | 6K | 6K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -707K | 0 | 0 |
| Other Non-Current Assets | 709K | 827K | 879K | 690K | 664K | 517K | 488K | 440K | 440K | 438K | 458K | 456K | 422K | 387K | 420K | 393K | 393K | 394K | 393K | 394K |
| Total Assets | 81.52M | 86.63M | 84.54M | 76.54M | 77.92M | 74.92M | 73.04M | 72.79M | 72.43M | 72.14M | 68.67M | 70.93M | 68.19M | 68.58M | 70.22M | 71.12M | 72.68M | 73.08M | 75.83M | 75.91M |
| Asset Turnover | 0.23x | 0.26x | 0.21x | 0.23x | 0.25x | 0.28x | 0.24x | 0.24x | 0.27x | 0.30x | 0.25x | 0.25x | 0.30x | 0.32x | 0.27x | 0.26x | 0.28x | 0.31x | 0.25x | 0.24x |
| Asset Growth % | 4.63% | 15.63% | 15.75% | 5.15% | 7.57% | 3.87% | 6.35% | 2.63% | 6.23% | 5.19% | -2.21% | -0.27% | -6.18% | -6.17% | -7.39% | -6.32% | -5.29% | -4.31% | 0.91% | 0.38% |
| Total Current Liabilities | 10.61M | 9.8M | 9.51M | 11.14M | 13.19M | 9.89M | 7.88M | 7.92M | 7.84M | 8.93M | 7.64M | 9.04M | 6.75M | 8.87M | 11.18M | 12.42M | 10.86M | 12.21M | 13.9M | 13.67M |
| Accounts Payable | 3.26M | 2.25M | 2.63M | 2.55M | 3.41M | 3.42M | 2.32M | 2.4M | 2.21M | 2.59M | 1.42M | 2.34M | 1.03M | 3.31M | 4.96M | 6.19M | 3.98M | 3.8M | 7.03M | 6.59M |
| Days Payables Outstanding | 26.58 | 22.1 | 33.61 | 37.66 | 36.96 | 27.42 | 29.6 | 28.87 | 26.19 | 17.48 | 26.14 | 23.36 | 22.87 | 38.42 | 68.73 | 58.49 | 40.84 | 45.4 | 76.52 | 90.03 |
| Short-Term Debt | 3.68M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.25M | 3.35M | 0 | 0 | 0 | 0 | 122K | 79K | 46K | 12K |
| Deferred Revenue (Current) | 0 | 435K | 0 | 0 | 0 | 320K | 0 | 0 | 0 | 223K | 0 | 0 | 0 | 256K | 0 | 0 | 0 | 351K | 0 | 0 |
| Other Current Liabilities | 3.03M | 1.67M | 658K | 0 | 0 | 2.2M | 0 | 0 | 0 | 992K | 2.62M | 2.66M | 786K | 977K | 300K | 400K | 400K | 1.44M | 400K | 500K |
| Current Ratio | 4.23x | 5.16x | 5.22x | 4.89x | 4.51x | 5.11x | 6.39x | 6.42x | 6.39x | 5.74x | 6.31x | 5.40x | 6.79x | 5.33x | 4.32x | 3.96x | 4.63x | 4.13x | 3.79x | 3.83x |
| Quick Ratio | 1.06x | 1.77x | 1.44x | 1.64x | 1.90x | 1.52x | 1.55x | 1.72x | 1.72x | 1.48x | 1.25x | 1.25x | 1.47x | 1.02x | 0.54x | 0.73x | 1.16x | 1.01x | 0.64x | 0.63x |
| Cash Conversion Cycle | 297.85 | 292.25 | 437.14 | 411.97 | 344.54 | 329.03 | 449.57 | 438.14 | 383.23 | 319.09 | 507.85 | 488.92 | 370.08 | 337.96 | 446.02 | 399.25 | 364.39 | 304.19 | 423.05 | 434.94 |
| Total Non-Current Liabilities | 24.41M | 24.24M | 21.66M | 8.18M | 7.84M | 7.88M | 7.54M | 7.34M | 7.35M | 6.86M | 7.39M | 8.89M | 9.12M | 8.25M | 8.38M | 8.56M | 9.27M | 9.38M | 9.61M | 10.04M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 283K | 336K | 377K | 421K |
| Capital Lease Obligations | 24.03M | 23.87M | 21.44M | 7.96M | 7.51M | 7.56M | 6.91M | 6.73M | 6.74M | 6.25M | 6.61M | 8.11M | 8.34M | 7.47M | 7.55M | 7.73M | 8.15M | 8.21M | 8.38M | 8.76M |
| Deferred Tax Liabilities | 227K | 0 | 0 | 0 | 0 | 0 | 9K | 9K | 9K | 9K | 450K | 450K | 0 | 0 | 0 | 415K | 415K | 1.12M | 393K | 393K |
| Other Non-Current Liabilities | 148K | 376K | 214K | 215K | 325K | 324K | 616K | 598K | 598K | 593K | 326K | 326K | 776K | 776K | 832K | 832K | 832K | 832K | 856K | 856K |
| Total Liabilities | 35.02M | 34.04M | 31.16M | 19.32M | 21.03M | 17.77M | 15.42M | 15.26M | 15.19M | 15.79M | 15.03M | 17.93M | 15.87M | 17.12M | 19.56M | 20.98M | 20.13M | 21.58M | 23.52M | 23.7M |
| Total Debt | 27.72M | 27.38M | 24.98M | 11.41M | 10.72M | 10.77M | 9.99M | 9.87M | 9.94M | 9.43M | 9.87M | 11.46M | 11.59M | 10.37M | 10.46M | 10.57M | 11.49M | 11.66M | 11.87M | 12.29M |
| Net Debt | 17.61M | 11.29M | 12.96M | -5M | -12.88M | -2.5M | -63K | -1.67M | -2.38M | -2.73M | 1.24M | 1.43M | 2.94M | 2.39M | 7.41M | 4.99M | 1.15M | 1.51M | 5.78M | 6.58M |
| Debt / Equity | 0.60x | 0.52x | 0.47x | 0.20x | 0.19x | 0.19x | 0.17x | 0.17x | 0.17x | 0.17x | 0.18x | 0.22x | 0.22x | 0.20x | 0.21x | 0.21x | 0.22x | 0.23x | 0.23x | 0.24x |
| Debt / EBITDA | 13.59x | 26.74x | 27.39x | 7.43x | 6.92x | 24.52x | 11.11x | 7.87x | 5.26x | 3.20x | 4.80x | 5.93x | 5.52x | 7.24x | 5.05x | 28.43x | 5.92x | 12.96x | 11.13x | 6.84x |
| Net Debt / EBITDA | 8.64x | 11.03x | 14.21x | -3.26x | -8.32x | -5.71x | -0.07x | -1.33x | -1.26x | -0.93x | 0.60x | 0.74x | 1.40x | 1.67x | 3.57x | 13.41x | 0.59x | 1.68x | 5.42x | 3.66x |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 982.00x | -94.88x | 422.00x | 173.75x | 5.50x | 140.40x |
| Total Equity | 46.5M | 52.59M | 53.38M | 57.23M | 56.89M | 57.15M | 57.62M | 57.54M | 57.24M | 56.35M | 53.65M | 53M | 52.32M | 51.46M | 50.66M | 50.14M | 52.55M | 51.5M | 52.31M | 52.21M |
| Equity Growth % | -18.26% | -7.98% | -7.36% | -0.54% | -0.61% | 1.43% | 7.41% | 8.57% | 9.41% | 9.49% | 5.89% | 5.7% | -0.45% | -0.07% | -3.15% | -3.98% | 2.21% | -1.33% | -0.3% | -1.67% |
| Book Value per Share | 5.74 | 6.36 | 6.56 | 6.74 | 6.62 | 6.73 | 6.77 | 6.76 | 6.73 | 6.69 | 6.38 | 6.33 | 6.26 | 6.18 | 6.12 | 6.06 | 6.12 | 6.00 | 6.04 | 6.02 |
| Total Shareholders' Equity | 46.5M | 52.59M | 53.38M | 57.23M | 56.89M | 57.15M | 57.62M | 57.54M | 57.24M | 56.35M | 53.65M | 53M | 52.32M | 51.46M | 50.66M | 50.14M | 52.55M | 51.5M | 52.31M | 52.21M |
| Common Stock | 22K | 22K | 22K | 23K | 23K | 23K | 23K | 23K | 23K | 23K | 23K | 23K | 23K | 23K | 23K | 23K | 24K | 24K | 24K | 24K |
| Retained Earnings | 55.01M | 60.84M | 61.77M | 64.22M | 64.42M | 64.49M | 64.15M | 64.28M | 64.18M | 63.66M | 61.72M | 61.09M | 60.55M | 59.89M | 59.44M | 58.72M | 59.31M | 58.66M | 58.58M | 58.59M |
| Treasury Stock | -9.77M | -9.77M | -9.77M | -9.77M | -9.77M | -9.77M | -9.77M | -9.77M | -9.77M | -9.77M | -9.77M | -9.77M | -9.77M | -9.77M | -9.77M | -9.77M | -9.77M | -9.77M | -9.77M | -9.77M |
| Accumulated OCI | -2.36M | -2.15M | -2.04M | -1.81M | -2.4M | -2.11M | -1.3M | -1.33M | -1.37M | -1.54M | -2.19M | -2.01M | -1.94M | -1.9M | -2M | -1.56M | -1.31M | -1.37M | -1.35M | -1.26M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |