Capstone Holding Corp. (CAPS) Balance Sheet
CAPS balance sheet, 2025
December 31, 2025 · U.S. dollars$51.4M assets = $38.9M liabilities + $12.5M equity
Both columns are drawn to the same scale: what CAPS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CAPS financial health
Descriptive bands, not a rating. Fiscal 2025.
CAPS balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.2M2016 | $51.4M2025 | +52.1%/yr | |
| Total liabilities | $1.3M2016 | $38.9M2025 | +45.8%/yr | |
| Shareholders’ equity | −$122,0002016 | $12.5M2025 | — | |
| Cash & short-term investments | $748,0002016 | $727,0002025 | −0.3%/yr | |
| Total debt | $1.0M2016 | $28.9M2025 | +45.3%/yr | |
| Net cash (debt) | −$252,0002016 | −$28.1M2025 | −$27.9M | |
| Working capital | $525,0002016 | $78,0002025 | −$447,000 | |
| Current ratio | 2.732016 | 1.002025 | −1.72 | |
| Debt / equity | 0.712020 | 2.322025 | +1.60 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CAPS assets
CAPS liabilities and equity
CAPS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CAPS balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $727,000 | $11,000 | $52,000 | $23,000 | $50,000 | $1 | $17,000 | $1.3M | $1.3M | $748,000 |
| Cash & equivalents | $727,000 | $11,000 | $52,000 | $23,000 | $50,000 | $0 | $17,000 | $1.3M | $1.3M | $748,000 |
| Receivables | $4.9M | $2.8M | $2.6M | $3.0M | $4.0M | $4.1M | $0 | $0 | $0 | $0 |
| Inventory | $17.1M | $9.5M | $12.8M | $16.0M | $10.9M | $11.0M | $0 | $0 | $0 | $0 |
| Other current assets | $349,000 | $555,000 | $1.6M | $1.9M | $321,000 | $984,000 | $267,000 | $97,000 | $98,000 | $81,000 |
| Total current assets | $23.0M | $12.8M | $17.1M | $21.0M | $15.3M | $16.0M | $284,000 | $1.4M | $1.4M | $829,000 |
| Property, plant & equipment (net) | $7.5M | $3.7M | $4.7M | $5.3M | $5.9M | $6.1M | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $20.3M | $23.3M | $23.3M | $23.3M | $23.4M | $23.7M | $0 | $39,000 | $196,000 | $353,000 |
| Long-term investments | $0 | $0 | $0 | $8.0M | $8.0M | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $593,000 | $7.4M | $7.6M | $7.7M | $8.2M | $9.1M | $0 | $0 | $0 | $0 |
| Total assets | $51.4M | $47.2M | $52.7M | $65.2M | $60.9M | $54.9M | $284,000 | $1.5M | $1.6M | $1.2M |
| Liabilities | ||||||||||
| Accounts payable | $5.0M | $3.3M | $2.6M | $2.7M | $2.6M | $3.4M | $379,000 | $245,000 | $197,000 | $249,000 |
| Short-term debt | $15.7M | $8.9M | $13.1M | $9.2M | $6.5M | $6.9M | $5,000 | — | $2.2M | $1.0M |
| Deferred revenue | — | — | — | $0 | $0 | — | — | — | — | — |
| Total current liabilities | $22.9M | $12.6M | $16.0M | $11.9M | $9.2M | $11.0M | $1.2M | $246,000 | $199,000 | $304,000 |
| Long-term debt | $9.3M | $6.3M | $6.1M | $16.9M | $18.4M | $9.3M | $3.1M | $2.5M | $2.2M | $1.0M |
| Lease obligations | $5.5M | $2.2M | $3.0M | $3.5M | $4.2M | $5.1M | — | — | — | — |
| Other long-term liabilities | $6.7M | $31.4M | $28.2M | $28.2M | $4.2M | $5.5M | $0 | $0 | $0 | $0 |
| Total liabilities | $38.9M | $50.3M | $50.3M | $57.0M | $31.8M | $25.8M | $4.2M | $2.7M | $2.4M | $1.3M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $4,000 | — | — | — | — | — | — | $27,000 | $27,000 | $20,000 |
| Retained earnings (deficit) | −$218.0M | −$196.1M | −$190.6M | −$184.9M | −$184.9M | −$185.3M | −$193.8M | −$191.8M | −$191.4M | −$189.6M |
| Accumulated other comprehensive income | −$1,000 | — | — | $193.0M | $0 | $191.1M | $190.5M | — | — | — |
| Total shareholders' equity | $12.5M | −$3.1M | $2.4M | $8.2M | $29.1M | $29.1M | −$3.3M | −$1.2M | −$879,000 | −$122,000 |
| Key figures | ||||||||||
| Total debt | $28.9M | $16.6M | $20.3M | $28.8M | $28.3M | $20.8M | $3.1M | $2.5M | $2.2M | $1.0M |
| Net cash (debt) | −$28.1M | −$16.6M | −$20.3M | −$28.8M | −$28.3M | −$20.8M | −$3.1M | −$1.1M | −$974,000 | −$252,000 |
| Working capital | $78,000 | $250,000 | $1.1M | $9.1M | $6.1M | $5.0M | −$871,000 | $1.2M | $1.2M | $525,000 |
| Tangible book value | −$7.8M | −$26.4M | −$20.9M | −$15.1M | $5.6M | $5.4M | −$3.3M | −$1.3M | −$1.1M | −$475,000 |
| Current ratio | 1.00 | 1.02 | 1.07 | 1.76 | 1.66 | 1.45 | 0.25 | 5.85 | 6.90 | 2.73 |
| Quick ratio | 0.24 | 0.22 | 0.16 | 0.26 | 0.44 | 0.37 | 0.01 | 5.45 | 6.41 | 2.46 |
| Debt / equity | 2.32 | — | 8.34 | 3.52 | 0.97 | 0.71 | — | — | — | — |
| Equity / assets | 24.2% | −6.5% | 4.6% | 12.5% | 47.8% | 53.0% | −1,162.3% | −84.2% | −56.0% | −10.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $225,000 | $419,000 | $727,000 | $730,000 | $773,000 | $1.7M | $11,000 | $13,000 | $0 | $30,000 | $52,000 | $82,000 |
| Cash & equivalents | $225,000 | $419,000 | $727,000 | $730,000 | $773,000 | $1.7M | $11,000 | $13,000 | $0 | $30,000 | $52,000 | $82,000 |
| Receivables | $9.4M | $6.9M | $4.9M | $5.8M | $5.5M | $4.5M | $2.8M | $4.8M | $5.0M | $5.3M | $2.6M | $4.2M |
| Inventory | $16.4M | $18.1M | $17.0M | $12.2M | $9.3M | $9.7M | $9.5M | $10.9M | $12.5M | $12.9M | $12.8M | $14.8M |
| Other current assets | $875,000 | $609,000 | $410,000 | $445,000 | $971,000 | $766,000 | $555,000 | $782,000 | $1.2M | $1.3M | $1.6M | $503,000 |
| Total current assets | $26.9M | $26.0M | $23.0M | $19.1M | $16.5M | $16.7M | $12.8M | $16.5M | $18.7M | $19.5M | $17.1M | $19.5M |
| Property, plant & equipment (net) | $7.0M | $6.9M | $7.5M | $5.6M | $4.7M | $4.9M | $3.7M | $4.0M | $4.2M | $4.6M | $4.7M | $4.8M |
| Goodwill & intangible assets | $20.2M | $20.3M | $20.3M | $26.4M | $23.3M | $23.3M | $23.3M | $23.3M | $23.3M | $23.3M | $23.3M | $23.3M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8.0M |
| Other non-current assets | $630,000 | $632,000 | $593,000 | $7.4M | $7.4M | $7.2M | $7.4M | $7.7M | $7.6M | $7.6M | $7.6M | $7.7M |
| Total assets | $54.7M | $53.8M | $51.4M | $58.5M | $51.9M | $52.2M | $47.2M | $51.5M | $54.0M | $55.0M | $52.7M | $63.3M |
| Liabilities | ||||||||||||
| Accounts payable | $6.8M | $7.0M | $5.0M | $5.5M | $3.6M | $4.4M | $3.3M | $3.9M | $4.7M | $5.0M | $2.6M | $2.9M |
| Short-term debt | $5.8M | $18.6M | — | $13.2M | $12.4M | $9.5M | $8.9M | $11.1M | $13.9M | $13.7M | $13.1M | $11.2M |
| Deferred revenue | — | — | — | — | — | — | — | — | — | — | −$2.9M | — |
| Total current liabilities | $27.1M | $27.4M | $22.9M | $20.0M | $17.0M | $14.7M | $12.6M | $15.5M | $18.6M | $18.7M | $16.0M | $14.1M |
| Long-term debt | $8.6M | $8.8M | $9.3M | $7.2M | $5.8M | $7.5M | $6.3M | $6.4M | $5.6M | $5.9M | $6.1M | $15.4M |
| Lease obligations | $5.1M | $5.0M | $5.5M | $4.0M | $3.3M | $3.5M | $2.2M | $2.4M | $2.7M | $2.9M | $3.0M | $3.1M |
| Other long-term liabilities | $6.5M | $6.4M | $6.7M | $4.1M | $2.8M | $3.0M | $31.4M | $31.6M | $30.7M | $30.0M | $28.2M | $30.1M |
| Total liabilities | $42.3M | $42.6M | $38.9M | $31.3M | $25.6M | $25.2M | $50.3M | $53.5M | $54.9M | $54.6M | $50.3M | $59.6M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $7,000 | $5,000 | — | $3,000 | $3,000 | $3,000 | — | — | — | — | — | — |
| Retained earnings (deficit) | −$221.3M | −$220.0M | −$218.0M | −$201.2M | −$199.2M | −$198.5M | −$196.1M | −$195.0M | −$194.0M | −$192.6M | −$190.6M | −$189.3M |
| Accumulated other comprehensive income | −$54,000 | $12,000 | — | — | — | — | — | — | — | — | — | $193.0M |
| Total shareholders' equity | $12.4M | $11.2M | $12.5M | $27.2M | $26.3M | $27.0M | −$3.1M | −$1.9M | −$925,000 | $403,000 | $2.4M | $3.7M |
| Key figures | ||||||||||||
| Total debt | $17.9M | $30.9M | $9.3M | $23.3M | $20.7M | $19.8M | $16.6M | $19.2M | $21.3M | $21.6M | $20.3M | $28.9M |
| Net cash (debt) | −$17.7M | −$30.5M | −$8.6M | −$22.5M | −$20.0M | −$18.0M | −$16.6M | −$19.2M | −$21.3M | −$21.6M | −$20.3M | −$28.9M |
| Working capital | −$244,000 | −$1.4M | $78,000 | −$907,000 | −$440,000 | $2.0M | $250,000 | $1.0M | $194,000 | $744,000 | $1.1M | $5.4M |
| Tangible book value | −$7.8M | −$9.0M | −$7.8M | $768,001 | $2.9M | $3.6M | −$26.4M | −$25.3M | −$24.3M | −$22.9M | −$20.9M | −$19.6M |
| Current ratio | 0.99 | 0.95 | 1.00 | 0.95 | 0.97 | 1.14 | 1.02 | 1.07 | 1.01 | 1.04 | 1.07 | 1.38 |
| Quick ratio | 0.35 | 0.27 | 0.24 | 0.32 | 0.37 | 0.43 | 0.22 | 0.31 | 0.27 | 0.28 | 0.16 | 0.30 |
| Debt / equity | 1.44 | 2.75 | 0.75 | 0.86 | 0.79 | 0.73 | — | — | — | 53.56 | 8.34 | 7.78 |
| Equity / assets | 22.7% | 20.9% | 24.2% | 46.4% | 50.6% | 51.7% | −6.5% | −3.7% | −1.7% | 0.7% | 4.6% | 5.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 16, 2026); data from EODHD.
CAPS financial position
At the end of fiscal 2025 (December 31, 2025), Capstone had total assets of $51.4 million (up 8.8% from a year earlier), total liabilities of $38.9 million and shareholders' equity of $12.5 million. It held $0.7 million in cash and short-term investments against $28.9 million of debt, net debt of $28.1 million. Its current ratio was 1.00. In the latest quarter (ended June 30, 2026) total assets were $54.7 million and equity $12.4 million.
Related: CAPS income statement, CAPS cash flow statement, CAPS key metrics. See the CAPS stock overview for the latest quote and news.
CAPS balance sheet FAQ
What are Capstone's total assets?
Capstone reported total assets of $51.4 million at the end of fiscal 2025 (December 31, 2025), compared with $47.2 million a year earlier.
How much debt does Capstone have?
Capstone had $28.9 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 2.32.
How much cash does Capstone have?
Capstone held $0.7 million in cash and short-term investments at the end of fiscal 2025; with $28.9 million of debt that is net debt of $28.1 million.
What is Capstone's book value?
Capstone's shareholders' equity (book value) was $12.5 million at the end of fiscal 2025.
What is Capstone's current ratio?
Capstone had current assets of $23.0 million and current liabilities of $22.9 million, a current ratio of 1.00 (it can cover its short-term obligations).
How much goodwill does Capstone have?
Capstone carried $20.3 million of goodwill and intangible assets, 39.5% of total assets, at the end of fiscal 2025.