Twin Vee Powercats Co. (VEEE) 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 | 9.6M | 4.9M | 10.05M | 13.39M | 12.2M | 10.42M | 15.38M | 19.58M | 21.78M | 26.65M | 32.72M | 33.94M | 28.56M | 29.89M | 26.25M | 12.32M | 12.61M | 13.07M | 15.63M | 2.9M |
| Cash & Short-Term Investments | 5.46M | 1.43M | 2.7M | 5.96M | 4.91M | 7.49M | 11.14M | 14.92M | 17.12M | 20.96M | 23.53M | 27.34M | 22.51M | 24.98M | 19.98M | 6.91M | 8.06M | 9.97M | 11.98M | 406.64K |
| Cash Only | 5.46M | 1.43M | 2.7M | 5.96M | 4.91M | 7.49M | 11.14M | 13.93M | 16.14M | 16.5M | 12.4M | 26.34M | 21.02M | 23.5M | 19.98M | 5.91M | 5.06M | 6.98M | 8.98M | 406.64K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 995.21K | 982.6K | 4.46M | 11.13M | 999.61K | 1.49M | 1.48M | 0 | 997.92K | 3M | 3M | 3M | 0 |
| Accounts Receivable | 4.05M | 531.25K | 312.99K | 0 | 198.83K | 0 | 129.54K | 115.79K | 90.87K | 80.16K | 508.51K | 570.13K | 625.33K | 14.17K | 369.7K | 286.92K | 291.94K | 292.06K | 519.8K | 308.15K |
| Days Sales Outstanding | 52.01 | 12.85 | 8.4 | - | 4.95 | - | 3.89 | 2.17 | 1.47 | 3.21 | 6.14 | 6.69 | 3.24 | 2.01 | 3.43 | 3.09 | 4.46 | 7.25 | 9.25 | 5.43 |
| Inventory | 2.55M | 2.49M | 2.46M | 2.68M | 2.38M | 2.52M | 3.34M | 4.15M | 3.89M | 4.88M | 8.13M | 5.58M | 4.8M | 4.01M | 4.39M | 4.37M | 3.21M | 1.8M | 2.45M | 1.54M |
| Days Inventory Outstanding | 60.28 | 78.3 | 68.1 | 56.09 | 71.59 | 90.78 | 113.09 | 88.67 | 79.87 | 90.18 | 107.21 | 65.65 | 54.52 | 52.73 | 73.58 | 68.02 | 65.36 | 59.46 | 73.2 | 64.1 |
| Other Current Assets | -2.47M | 441.65K | 4.32M | 4.75M | 4.72M | 411.26K | 761.04K | 396.14K | 677.38K | 720.75K | 0 | 454.75K | 618.58K | 882.42K | 10K | 247.13K | 221.89K | 105.5K | 0 | 206.29K |
| Total Non-Current Assets | 13.62M | 11.34M | 8.84M | 8.96M | 11.35M | 15.47M | 14.76M | 14.17M | 14.68M | 13.2M | 11.55M | 11.64M | 8.34M | 8.34M | 8.98M | 8.7M | 7.9M | 7.53M | 7M | 3.41M |
| Property, Plant & Equipment | 10.63M | 8.34M | 8.81M | 8.94M | 11.32M | 15.43M | 14.71M | 14.12M | 14.63M | 13.15M | 11.03M | 10.65M | 7.37M | 6.87M | 6.04M | 5.72M | 4.89M | 4.43M | 3.88M | 3.39M |
| Fixed Asset Turnover | 0.42x | 0.35x | 0.39x | 0.47x | 0.27x | 0.13x | 0.20x | 0.30x | 0.38x | 0.70x | 0.75x | 0.90x | 1.25x | 1.36x | 1.50x | 1.61x | 1.26x | 1.24x | 1.13x | 0.94x |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 2.97M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 476.6K | 947.79K | 942.74K | 1.45M | 2.91M | 2.95M | 2.98M | 3.07M | 3.09M | 0 |
| Other Non-Current Assets | 2.99M | 26.19K | 26.19K | 26.19K | 26.19K | 40.28K | 48.71K | 48.71K | 48.71K | 51.42K | 49.17K | 47.52K | 32.52K | 32.52K | 25K | 25K | 25K | 25K | 25K | 25K |
| Total Assets | 23.22M | 16.23M | 18.89M | 22.36M | 23.55M | 25.89M | 30.14M | 33.75M | 36.45M | 39.85M | 44.28M | 45.58M | 36.9M | 38.23M | 35.22M | 21.02M | 20.5M | 20.6M | 22.63M | 6.31M |
| Asset Turnover | 0.20x | 0.17x | 0.17x | 0.21x | 0.15x | 0.07x | 0.09x | 0.12x | 0.14x | 0.20x | 0.18x | 0.20x | 0.24x | 0.24x | 0.31x | 0.41x | 0.29x | 0.24x | 0.28x | 0.53x |
| Asset Growth % | -1.41% | -37.29% | -37.31% | -33.76% | -35.4% | -35.03% | -31.93% | -25.95% | -1.2% | 4.22% | 25.7% | 116.85% | 79.96% | 85.6% | 55.66% | 232.98% | 230.63% | 357.3% | - | - |
| Total Current Liabilities | 3.23M | 2.24M | 2.44M | 3.2M | 3.02M | 3.75M | 3.84M | 4.56M | 2.9M | 4.22M | 5.33M | 4.51M | 3.85M | 3.79M | 4M | 3.98M | 3.12M | 2.16M | 2.9M | 2.04M |
| Accounts Payable | 1.51M | 1.11M | 1.41M | 2.03M | 1.51M | 2.22M | 1.96M | 2.78M | 1.49M | 2.4M | 3.63M | 2.47M | 2.72M | 2.07M | 1.93M | 2.26M | 1.97M | 1.2M | 1.69M | 1.19M |
| Days Payables Outstanding | 31.31 | 39.9 | 45.48 | 39.17 | 54.45 | 64.64 | 71.53 | 47.15 | 35.44 | 41.78 | 47.69 | 32.79 | 29.61 | 25.06 | 35.19 | 37.96 | 41.33 | 40.4 | 52.78 | 48.67 |
| Short-Term Debt | 457.3K | 19.5K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 12.5K | 12.5K | 80K | 38.17K | 6.17K | 21.45K | 44.2K | 14.26K | 182.34K | 5.8K | 5.3K | 1.03M | 532.13K | 200 | 14.1K | 162.64K | 188.98K |
| Other Current Liabilities | 1.27M | 1.11M | 297.89K | 216.47K | 213.55K | 213.55K | 1.11M | 245.12K | 181.71K | 192.89K | 132.9K | 134.42K | 110.22K | 92.37K | 83.85K | 0 | 0 | 75K | 75K | 75K |
| Current Ratio | 2.97x | 2.18x | 4.13x | 4.18x | 4.04x | 2.78x | 4.00x | 4.29x | 7.52x | 6.32x | 6.14x | 7.52x | 7.41x | 7.88x | 6.57x | 3.10x | 4.04x | 6.07x | 5.40x | 1.42x |
| Quick Ratio | 2.18x | 1.07x | 3.12x | 3.34x | 3.25x | 2.11x | 3.13x | 3.38x | 6.18x | 5.16x | 4.62x | 6.29x | 6.16x | 6.83x | 5.47x | 2.00x | 3.01x | 5.23x | 4.55x | 0.67x |
| Cash Conversion Cycle | 80.98 | 51.25 | 31.01 | - | 22.09 | - | 45.46 | 43.69 | 45.9 | 51.6 | 65.66 | 39.55 | 28.15 | 29.68 | 41.83 | 33.15 | 28.49 | 26.31 | 29.67 | 20.86 |
| Total Non-Current Liabilities | 2.74M | 522.04K | 526.26K | 530.85K | 2.87M | 2.92M | 3.09M | 3.25M | 3.42M | 3.58M | 3.74M | 3.88M | 1.37M | 1.42M | 1.45M | 1.55M | 1.65M | 1.74M | 2.44M | 2.54M |
| Long-Term Debt | 2.24M | 499.9K | 499.9K | 499.9K | 499.9K | 499.9K | 499.9K | 499.9K | 499.9K | 499.9K | 499.9K | 499.9K | 499.9K | 499.9K | 499.9K | 499.9K | 499.9K | 499.9K | 1.11M | 1.11M |
| Capital Lease Obligations | 0 | 22.14K | 26.36K | 30.95K | 2.37M | 2.42M | 2.59M | 2.75M | 2.92M | 3.08M | 3.24M | 3.38M | 866.3K | 919.63K | 949.5K | 1.05M | 1.15M | 1.24M | 1.34M | 1.43M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 499.9K | 0 | 0 | 0 | 0 | 1 | 0 | -1 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 5.97M | 2.77M | 2.96M | 3.73M | 5.89M | 6.67M | 6.93M | 7.81M | 6.31M | 7.8M | 9.07M | 8.39M | 5.22M | 5.21M | 5.44M | 5.52M | 4.77M | 3.9M | 5.34M | 4.58M |
| Total Debt | 2.69M | 541.54K | 656.09K | 770.45K | 3.42M | 3.58M | 3.74M | 3.92M | 4.1M | 4.28M | 4.45M | 4.55M | 1.87M | 1.9M | 1.84M | 1.93M | 2.02M | 2.11M | 2.81M | 2.9M |
| Net Debt | -2.76M | -890.03K | -2.05M | -5.19M | -1.49M | -3.91M | -7.4M | -10.01M | -12.04M | -12.22M | -7.95M | -21.79M | -19.15M | -21.6M | -18.14M | -3.98M | -3.04M | -4.86M | -6.17M | 2.49M |
| Debt / Equity | 0.16x | 0.04x | 0.04x | 0.04x | 0.19x | 0.19x | 0.16x | 0.15x | 0.14x | 0.13x | 0.13x | 0.12x | 0.06x | 0.06x | 0.06x | 0.12x | 0.13x | 0.13x | 0.16x | 1.67x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -195.24x | -199.75x | -218.02x | -83.58x | -43.48x | -93.93x | -51.77x | -81.26x | -33.88x | -32.50x | - | -26.15x | -34.20x | -113.58x | -15.78x | -11.32x | -28.90x | -14.82x | -6.62x | 3.92x |
| Total Equity | 17.25M | 13.47M | 15.93M | 18.62M | 17.66M | 19.22M | 23.21M | 25.94M | 30.14M | 32.05M | 35.21M | 37.19M | 31.68M | 33.02M | 29.78M | 15.5M | 15.73M | 16.7M | 17.29M | 1.73M |
| Equity Growth % | -2.34% | -29.92% | -31.35% | -28.2% | -41.4% | -40.04% | -34.09% | -30.25% | -4.84% | -2.94% | 18.24% | 140% | 101.33% | 97.73% | 72.26% | 794.89% | 836.06% | 978.21% | - | - |
| Book Value per Share | 106.52 | 222.73 | 263.47 | 362.75 | 114.46 | 124.53 | 90.20 | 100.81 | 117.14 | 124.56 | 136.85 | 144.54 | 123.11 | 147.49 | 157.10 | 81.91 | 83.16 | 98.35 | 101.81 | 9.42 |
| Total Shareholders' Equity | 17.25M | 13.47M | 15.93M | 18.62M | 17.66M | 19.22M | 17.39M | 19.62M | 22.25M | 23.51M | 25.87M | 27.27M | 27.75M | 28.44M | 24.72M | 15.5M | 15.73M | 16.7M | 17.29M | 1.73M |
| Common Stock | 529 | 2.24K | 2.24K | 2.24K | 1.49K | 14.87K | 9.52K | 9.52K | 9.52K | 9.52K | 9.52K | 9.52K | 9.52K | 9.52K | 7.02K | 7K | 7K | 7K | 7K | 4K |
| Retained Earnings | -36.09M | -34M | -31.41M | -28.66M | -27M | -25.39M | -21.49M | -18.98M | -16.03M | -14.35M | -11.52M | -9.66M | -8.32M | -7.15M | -4.45M | -3.75M | -3.21M | -2.02M | -1.21M | -823.75K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 5.82M | 6.32M | 7.89M | 8.54M | 9.34M | 9.92M | 3.92M | 4.59M | 5.05M | 0 | 0 | 0 | 0 | 0 |