Virco Mfg. Corporation (VIRC) Balance Sheet

According to recent financial disclosures, VIRC has maintained a consistent debt-to-equity ratio of 0.38 over the last several quarters, suggesting that management is prioritizing balance sheet preservation as the company navigates a period of significant revenue contraction and reduced operational scale within the K-12 market.

Based on reported figures, VIRC's total debt has remained relatively contained, fluctuating between $12.0M and $42.9M over the past ten quarters, which provides the company with a manageable interest burden as it faces the inherent volatility of the institutional furniture procurement cycle.

As reported in financial statements, VIRC's current ratio has fluctuated between 2.26 and 3.98 over the last ten quarters, reflecting the company's need to maintain significant working capital buffers to support the massive inventory build-up required for the summer delivery window in the K-12 sector.

Based on the provided balance sheet data, VIRC's net PPE has shown significant volatility, peaking at $73.0M in 2025Q2 before declining to $62.7M in 2027Q1, which underscores the capital-intensive nature of maintaining a proprietary manufacturing and logistics fleet for the specialized school furniture market.