Ultralife Corporation (ULBI) 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 | 110.1M | 105.8M | 100.62M | 99M | 101.47M | 97.16M | 86.43M | 83.79M | 94.3M | 90.2M | 89.55M | 87.83M | 81.35M | 78.99M | 78.94M | 71.83M | 69.14M | 66.52M | 64.54M | 64.31M |
| Cash & Short-Term Investments | 8.89M | 9.35M | 9.26M | 10.94M | 8.72M | 6.85M | 6.77M | 6.69M | 10.1M | 10.28M | 9.3M | 8.28M | 5.61M | 5.71M | 4.98M | 5.04M | 5.97M | 8.41M | 15.85M | 15.83M |
| Cash Only | 8.89M | 9.35M | 9.26M | 10.94M | 8.72M | 6.85M | 6.77M | 6.69M | 10.1M | 10.28M | 9.3M | 8.28M | 5.61M | 5.71M | 4.98M | 5.04M | 5.97M | 8.41M | 15.85M | 15.83M |
| 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 | 34.43M | 33.95M | 30.93M | 32.32M | 36.06M | 29.37M | 27.75M | 31.05M | 35.28M | 31.76M | 27.19M | 28.63M | 24.46M | 27.78M | 26.88M | 22.35M | 22.91M | 20.23M | 16.23M | 18.71M |
| Days Sales Outstanding | 64.85 | 61.56 | 67.09 | 64.07 | 58.02 | 59.92 | 75.79 | 70.22 | 72.75 | 60.87 | 65.02 | 56.59 | 73.66 | 69.63 | 68.13 | 64.1 | 63.92 | 70.59 | 73.87 | 64.36 |
| Inventory | 57.29M | 54.01M | 52.75M | 50.58M | 47.85M | 51.36M | 43.99M | 41.39M | 43.82M | 42.22M | 46.63M | 46.06M | 47.31M | 41.19M | 40.77M | 39.2M | 36.38M | 33.19M | 28.18M | 27.41M |
| Days Inventory Outstanding | 133.19 | 133.75 | 139.12 | 119.84 | 116.25 | 131.91 | 145.41 | 123.4 | 128.53 | 123.3 | 143.5 | 132.34 | 162.69 | 134.53 | 138.72 | 140.48 | 133.7 | 152.81 | 153.56 | 128.94 |
| Other Current Assets | 9.5M | 8.5M | 7.68M | 0 | 8.84M | 0 | 0 | 4.65M | 5.1M | 0 | 6.43M | 4.85M | 3.97M | 4.3M | 0 | 0 | 0 | 4.69M | 4.27M | 2.35M |
| Total Non-Current Assets | 110.53M | 111.11M | 121.63M | 121.96M | 122.28M | 123.29M | 86.01M | 86.03M | 86.25M | 88.07M | 86.56M | 87.57M | 89.8M | 89.44M | 89M | 90.4M | 92.25M | 93.01M | 72.27M | 72.22M |
| Property, Plant & Equipment | 40.12M | 40.4M | 44.05M | 44.36M | 44.18M | 44.64M | 24.44M | 24.61M | 23.85M | 24.71M | 23.08M | 21.12M | 21.41M | 23.9M | 21.9M | 22.34M | 22.77M | 25.79M | 24.75M | 24.6M |
| Fixed Asset Turnover | 1.18x | 1.15x | 0.98x | 1.10x | 1.14x | 1.27x | 1.46x | 1.77x | 1.73x | 1.86x | 1.79x | 2.01x | 1.41x | 1.58x | 1.50x | 1.42x | 1.25x | 0.94x | 0.88x | 1.08x |
| Goodwill | 45.33M | 45.38M | 45.34M | 45.41M | 45.14M | 45.01M | 37.79M | 37.51M | 37.5M | 37.57M | 37.36M | 37.5M | 37.52M | 37.43M | 37.07M | 37.5M | 37.93M | 38.07M | 27M | 27.11M |
| Intangible Assets | 10.65M | 10.93M | 23.41M | 23.84M | 24.18M | 24.56M | 14.49M | 14.65M | 14.87M | 15.11M | 15.27M | 15.55M | 15.75M | 15.92M | 16.09M | 16.57M | 17.04M | 17.39M | 8.72M | 8.94M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 3.67M | 3.91M | 627K | 8.35M | 756K | 9.09M | 9.29M | 180K | 163K | 122K | 121K | 2.31M | 2.16M | 121K | 1.98M | 2.26M | 2.7M | 298K | 105K | 104K |
| Total Assets | 220.63M | 216.91M | 222.25M | 220.96M | 223.75M | 220.45M | 172.44M | 169.82M | 180.55M | 178.28M | 176.11M | 175.39M | 171.15M | 168.43M | 167.94M | 162.22M | 161.39M | 159.54M | 136.81M | 136.52M |
| Asset Turnover | 0.22x | 0.22x | 0.20x | 0.22x | 0.23x | 0.22x | 0.21x | 0.25x | 0.23x | 0.25x | 0.22x | 0.25x | 0.19x | 0.21x | 0.20x | 0.20x | 0.19x | 0.16x | 0.16x | 0.20x |
| Asset Growth % | -1.39% | -1.61% | 28.88% | 30.12% | 23.93% | 23.66% | -2.08% | -3.18% | 5.49% | 5.85% | 4.86% | 8.12% | 6.05% | 5.57% | 22.75% | 18.83% | 18.33% | 15.86% | 0.93% | -0.78% |
| Total Current Liabilities | 43.05M | 37.33M | 33.7M | 29.9M | 31.5M | 29.29M | 26.2M | 20.57M | 23.38M | 23.73M | 26.39M | 29.2M | 29.2M | 28.91M | 28.08M | 22.18M | 20.02M | 18.92M | 16.69M | 15.53M |
| Accounts Payable | 24.06M | 17.42M | 14.16M | 15.03M | 16.62M | 14.16M | 12.68M | 9.69M | 13.31M | 11.34M | 13.47M | 18.54M | 18.99M | 16.07M | 15.83M | 13.44M | 11.23M | 9.82M | 9.21M | 9.54M |
| Days Payables Outstanding | 49.64 | 39.57 | 39.31 | 38.53 | 36.06 | 37.13 | 38.1 | 33.32 | 36.83 | 34.43 | 49.56 | 53.19 | 64.45 | 52.36 | 50.77 | 45.86 | 40.47 | 47.38 | 51.8 | 45.93 |
| Short-Term Debt | 3.44M | 4.13M | 4.84M | 3.44M | 4.22M | 2.75M | 2M | 3.02M | 2M | 2M | 2.79M | 2M | 2M | 2.9M | 2M | 2M | 2M | 2.87M | 910K | 1.29M |
| Deferred Revenue (Current) | 0 | 0 | 298K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 119K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 15.56M | 15.79M | 11.46M | 298K | 7.45M | 298K | 298K | 5.55M | 287K | 287K | 7.66M | 682K | 164K | 6.93M | 943K | 859K | 869K | 4.39M | 5.42M | 3.3M |
| Current Ratio | 2.56x | 2.83x | 2.99x | 3.31x | 3.22x | 3.32x | 3.30x | 4.07x | 4.03x | 3.80x | 3.39x | 3.01x | 2.79x | 2.73x | 2.81x | 3.24x | 3.45x | 3.52x | 3.87x | 4.14x |
| Quick Ratio | 1.23x | 1.39x | 1.42x | 1.62x | 1.70x | 1.56x | 1.62x | 2.06x | 2.16x | 2.02x | 1.63x | 1.43x | 1.17x | 1.31x | 1.36x | 1.47x | 1.64x | 1.76x | 2.18x | 2.38x |
| Cash Conversion Cycle | 148.4 | 155.73 | 166.9 | 145.38 | 138.21 | 154.7 | 183.1 | 160.3 | 164.46 | 149.75 | 158.97 | 135.73 | 171.9 | 151.8 | 156.08 | 158.71 | 157.15 | 176.02 | 175.64 | 147.38 |
| Total Non-Current Liabilities | 47.83M | 49.45M | 51.12M | 52.42M | 55.65M | 56.97M | 11.61M | 15.9M | 28.23M | 29.12M | 27.96M | 26.51M | 25.55M | 23.11M | 24.54M | 22.98M | 23.73M | 22.87M | 1.58M | 1.75M |
| Long-Term Debt | 0 | 45.53M | 46.52M | 47.51M | 50.51M | 51.5M | 5.89M | 9.98M | 23.14M | 23.62M | 24.11M | 22.64M | 21.13M | 19.31M | 20.87M | 19.57M | 19.98M | 18.86M | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 2.44M | 2.63M | 2.78M | 3M | 3.15M | 3.29M | 2.35M | 2.64M | 1.09M | 1.2M | 1.13M | 1.31M | 0 | 0 | 0 | 1.74M | 1.09M | 1.24M |
| Deferred Tax Liabilities | 967K | 1M | 1.36M | 0 | 1.41M | 0 | 0 | 1.64M | 1.68M | 1.71M | 1.82M | 1.88M | 2.46M | 1.92M | 2M | 2.09M | 2.18M | 2.25M | 475K | 492K |
| Other Non-Current Liabilities | 46.87M | 2.92M | 170K | 2.28M | 948K | 2.47M | 2.56M | 994K | -1.28M | 1.14M | 945K | 797K | 839K | 17K | 1.67M | 1.33M | 1.57M | 17K | 17K | 17K |
| Total Liabilities | 90.89M | 86.78M | 84.81M | 82.32M | 87.15M | 86.26M | 37.81M | 36.47M | 51.61M | 52.85M | 54.35M | 55.72M | 54.75M | 52.03M | 52.62M | 45.16M | 43.75M | 41.8M | 18.27M | 17.28M |
| Total Debt | 3.44M | 49.65M | 53.8M | 54.69M | 57.51M | 58.39M | 12.06M | 16.28M | 28.27M | 29.16M | 27.99M | 26.81M | 25.16M | 23.51M | 22.87M | 21.57M | 21.98M | 23.47M | 2M | 2.53M |
| Net Debt | -5.45M | 40.31M | 44.54M | 43.75M | 48.79M | 51.53M | 5.28M | 9.59M | 18.17M | 18.88M | 18.69M | 18.53M | 19.56M | 17.8M | 17.9M | 16.53M | 16.01M | 15.05M | -13.86M | -13.3M |
| Debt / Equity | 0.03x | 0.38x | 0.39x | 0.39x | 0.42x | 0.44x | 0.09x | 0.12x | 0.22x | 0.23x | 0.23x | 0.22x | 0.22x | 0.20x | 0.20x | 0.18x | 0.19x | 0.20x | 0.02x | 0.02x |
| Debt / EBITDA | 3.11x | 12.20x | 114.96x | 14.89x | 12.10x | 22.01x | 8.01x | 3.30x | 5.62x | 6.32x | 8.96x | 5.76x | 25.24x | 18.70x | 41.82x | 11.15x | 25.89x | - | 28.93x | 1.28x |
| Net Debt / EBITDA | -4.93x | 9.90x | 95.17x | 11.91x | 10.26x | 19.42x | 3.51x | 1.94x | 3.61x | 4.09x | 5.99x | 3.98x | 19.62x | 14.16x | 32.72x | 8.54x | 18.86x | - | -200.83x | -6.73x |
| Interest Coverage | -0.25x | 2.95x | -0.96x | 2.27x | 3.29x | 1.60x | 3.04x | 9.37x | 7.94x | 6.45x | 3.98x | 8.33x | -0.10x | -0.03x | -0.22x | 4.83x | -2.07x | -16.17x | -13.68x | 20.45x |
| Total Equity | 129.75M | 130.13M | 137.43M | 138.65M | 136.6M | 134.19M | 134.63M | 133.34M | 128.94M | 125.43M | 121.76M | 119.67M | 116.4M | 116.4M | 115.32M | 117.07M | 117.64M | 117.74M | 118.55M | 119.24M |
| Equity Growth % | -5.02% | -3.02% | 2.08% | 3.97% | 5.94% | 6.98% | 10.57% | 11.42% | 10.77% | 7.75% | 5.59% | 2.23% | -1.05% | -1.14% | -2.72% | -1.82% | -0.19% | 0.7% | 4.14% | 6.15% |
| Book Value per Share | 7.79 | 7.81 | 8.26 | 8.32 | 8.19 | 8.00 | 7.98 | 7.93 | 7.81 | 7.61 | 7.47 | 7.41 | 7.21 | 7.21 | 7.15 | 7.25 | 7.31 | 7.32 | 7.38 | 7.33 |
| Total Shareholders' Equity | 129.63M | 130M | 137.26M | 138.45M | 136.4M | 134M | 134.48M | 133.21M | 128.84M | 125.33M | 121.64M | 119.53M | 116.27M | 116.28M | 115.19M | 116.94M | 117.51M | 117.62M | 118.42M | 119.09M |
| Common Stock | 2.11M | 2.11M | 2.11M | 2.11M | 2.11M | 2.11M | 2.11M | 2.11M | 2.09M | 2.08M | 2.08M | 2.06M | 2.06M | 2.06M | 2.06M | 2.06M | 2.06M | 2.05M | 2.05M | 2.05M |
| Retained Earnings | -40.79M | -40.34M | -32.92M | -31.7M | -32.58M | -34.44M | -34.64M | -34.89M | -37.86M | -40.75M | -43.63M | -44.96M | -48.3M | -47.95M | -47.73M | -47.49M | -48M | -47.83M | -46.7M | -46.12M |
| Treasury Stock | 0 | -21.49M | -21.49M | -21.49M | -21.49M | -21.49M | -21.49M | -21.49M | -21.49M | -21.49M | -21.48M | -21.48M | -21.48M | -21.48M | -21.48M | -21.48M | -21.48M | -21.47M | -21.47M | -21.39M |
| Accumulated OCI | -3.06M | -3.14M | -3.06M | -2.82M | -3.69M | -4.01M | -3.08M | -3.9M | -3.89M | -3.66M | -4.18M | -3.85M | -3.55M | -3.75M | -4.84M | -3.15M | -1.89M | -1.65M | -1.82M | -1.59M |
| Minority Interest | 119K | 139K | 170K | 197K | 206K | 192K | 153K | 132K | 108K | 95K | 118K | 145K | 137K | 126K | 127K | 130K | 134K | 127K | 124K | 142K |