Clipper Realty Inc. (CLPR) Balance Sheet
CLPR balance sheet, 2025
December 31, 2025 · U.S. dollars$1.23B assets = $1.32B liabilities + −$80.8M equity
Liabilities exceed assets: shareholders’ equity is negative (−$80.8M).
Both columns are drawn to the same scale: what CLPR owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CLPR financial health
Descriptive bands, not a rating. Fiscal 2025.
CLPR balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $905.2M2016 | $1.23B2025 | +3.5%/yr | |
| Total liabilities | $779.0M2016 | $1.32B2025 | +6.0%/yr | |
| Shareholders’ equity | $126.2M2016 | −$30.7M2025 | — | |
| Cash & short-term investments | $37.5M2016 | $30.8M2025 | −2.2%/yr | |
| Total debt | $754.5M2016 | $1.28B2025 | +6.0%/yr | |
| Net cash (debt) | −$716.9M2016 | −$1.25B2025 | −$529.8M | |
| Working capital | $55.4M2016 | $34.2M2025 | −$21.2M | |
| Book value per share | $6.852016 | −$1.902025 | — | |
| Current ratio | 7.162016 | 7.482025 | +0.32 | |
| Debt / equity | 5.982016 | 439.372023 | +433.39 | |
| Shares outstanding | 18.4M2016 | 16.1M2025 | −1.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CLPR assets
CLPR liabilities and equity
CLPR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CLPR balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $30.8M | $19.9M | $22.2M | $18.2M | $34.5M | $72.1M | $42.5M | $37.0M | $8.3M | $37.5M |
| Cash & equivalents | $30.8M | $19.9M | $22.2M | $18.2M | $34.5M | $72.1M | $42.5M | $37.0M | $8.3M | $37.5M |
| Short-term investments | — | — | — | — | $1.30B | — | — | $24,000 | $13.7M | $11.1M |
| Receivables | $8.7M | $8.5M | $7.5M | $5.0M | $10.3M | $7.0M | $4.2M | $3.6M | $6.6M | $4.5M |
| Inventory | $0 | $0 | $0 | $12.5M | $17.7M | $17.0M | $14.4M | $8.8M | $13.7M | $11.1M |
| Other current assets | $0 | $24.4M | $24.9M | $13.7M | $15.6M | $11.2M | $14.5M | $13.4M | $11.5M | $11.2M |
| Total current assets | $39.5M | $52.8M | $54.6M | $49.3M | $78.1M | $107.2M | $75.6M | $62.8M | $40.1M | $64.4M |
| Property, plant & equipment (net) | $0 | $1.23B | $1.19B | $1.17B | $1.15B | $1.09B | $1.08B | $1.03B | $996.9M | $823.1M |
| Goodwill & intangible assets | $5.3M | $5.7M | $6.1M | $6.3M | $6.8M | $7.4M | $8.4M | $9.7M | $11.6M | $13.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.19B | $0 | $0 | $2.9M | $3.0M | $2.8M | $1.6M | $2.8M | $3.8M | $4.1M |
| Total assets | $1.23B | $1.29B | $1.25B | $1.23B | $1.23B | $1.21B | $1.17B | $1.10B | $1.05B | $905.2M |
| Liabilities | ||||||||||
| Accounts payable | — | $18.7M | $21.0M | $17.1M | $19.6M | $11.7M | $13.0M | $12.6M | $8.6M | $9.0M |
| Short-term debt | $5.3M | $25.3M | $30.5M | $1.16B | $32.2M | $24.1M | $24.7M | — | $843.9M | $754.5M |
| Deferred revenue | — | — | −$21.0M | −$17.1M | −$19.6M | — | — | −$923.2M | −$436.1M | −$759.0M |
| Total current liabilities | $5.3M | $18.7M | $21.0M | $17.1M | $19.6M | $11.7M | $13.0M | $12.6M | $9.1M | $9.0M |
| Long-term debt | $1.28B | $1.27B | $1.21B | $1.16B | $1.13B | $1.08B | $997.9M | $913.6M | $843.9M | $754.5M |
| Lease obligations | — | — | $0 | $18,000 | $53,000 | $157,000 | $1.6M | $2.9M | — | — |
| Other long-term liabilities | $37.6M | $16.1M | $15.5M | $13.8M | $13.0M | $12.6M | $13.5M | $13.4M | $13.8M | $15.6M |
| Total liabilities | $1.32B | $1.30B | $1.24B | $1.19B | $1.16B | $1.10B | $1.02B | $939.5M | $866.8M | $779.0M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $160,000 | $160,000 | $160,000 | $160,000 | $160,000 | $160,000 | $178,000 | $178,000 | $92.5M | $114,000 |
| Retained earnings (deficit) | −$121.5M | −$95.5M | −$86.9M | −$74.9M | −$61.7M | −$48.0M | −$36.4M | −$27.9M | −$17.5M | −$8.6M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | — |
| Accumulated other comprehensive income | — | — | $7.2M | $37.2M | $69.9M | $0 | $0 | $161.5M | −$73.7M | −$58.2M |
| Minority interest | −$50.0M | −$8.8M | $4.5M | $23.1M | $43.4M | $64.7M | $84.5M | — | $110.7M | — |
| Total shareholders' equity | −$30.7M | −$5.4M | $2.7M | $37.2M | $69.9M | $104.1M | $141.8M | $65.2M | $185.6M | $126.2M |
| Key figures | ||||||||||
| Total debt | $1.28B | $1.27B | $1.21B | $1.16B | $1.16B | $1.10B | $1.02B | $913.6M | $843.9M | $754.5M |
| Net cash (debt) | −$1.25B | −$1.25B | −$1.18B | −$1.14B | −$1.13B | −$1.03B | −$980.1M | −$876.5M | −$835.7M | −$716.9M |
| Working capital | $34.2M | $34.0M | $33.6M | $32.2M | $58.6M | $95.5M | $62.6M | $50.3M | $31.1M | $55.4M |
| Tangible book value | −$36.0M | −$11.1M | −$3.4M | $30.9M | $63.2M | $96.7M | $133.3M | $55.5M | $174.0M | $112.5M |
| Book value per share | −$1.90 | −$0.34 | $0.17 | $2.31 | $4.35 | $5.91 | $7.96 | $3.66 | $10.90 | $6.85 |
| Shares outstanding | 16.1M | 16.1M | 16.1M | 16.1M | 16.1M | 17.6M | 17.8M | 17.8M | 17.0M | 18.4M |
| Current ratio | 7.48 | 2.82 | 2.60 | 2.89 | 3.99 | 9.14 | 5.80 | 5.01 | 4.42 | 7.16 |
| Quick ratio | 7.48 | 1.51 | 1.41 | 1.35 | 2.29 | 6.74 | 3.58 | 3.24 | 1.64 | 4.68 |
| Debt / equity | — | — | 439.37 | 31.24 | 16.63 | 10.60 | 7.21 | 14.02 | 4.55 | 5.98 |
| Equity / assets | −2.5% | −0.4% | 0.2% | 3.0% | 5.7% | 8.6% | 12.2% | 5.9% | 17.6% | 13.9% |
| 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 | $37.7M | $26.1M | $30.8M | $26.1M | $32.0M | $21.3M | $19.9M | $18.6M | $20.3M | $21.9M | $22.2M | $22.4M |
| Cash & equivalents | $37.7M | $26.1M | $30.8M | $26.1M | $32.0M | $21.3M | $19.9M | $18.6M | $20.3M | $21.9M | $22.2M | $22.4M |
| Receivables | $5.6M | $7.6M | $8.7M | $9.6M | $9.9M | $9.1M | $8.5M | $6.3M | $5.8M | $4.8M | $7.5M | $7.7M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $42.4M | $0 | $0 | $0 | $14.9M |
| Other current assets | $31.5M | $0 | $0 | $42.8M | $36.5M | $71.9M | $24.4M | $0 | $22.8M | $26.7M | $24.9M | $10.2M |
| Total current assets | $74.8M | $33.7M | $39.5M | $78.4M | $78.4M | $102.2M | $52.8M | $52.9M | $48.9M | $53.4M | $54.6M | $55.3M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $1.15B | $1.16B | $1.15B | $1.23B | $0 | $1.22B | $1.20B | $1.19B | $1.18B |
| Goodwill & intangible assets | $5.2M | $5.2M | $5.3M | $5.4M | $5.5M | $5.6M | $5.7M | $5.4M | $5.6M | $5.7M | $6.1M | $6.3M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.14B | $1.19B | $1.19B | $0 | $0 | $0 | $0 | $1.23B | $2.6M | $2.7M | $0 | $0 |
| Total assets | $1.22B | $1.23B | $1.23B | $1.24B | $1.24B | $1.26B | $1.29B | $1.29B | $1.27B | $1.26B | $1.25B | $1.24B |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | $14.0M | $15.4M | $19.6M | $18.7M | $21.8M | $19.8M | $15.6M | $21.0M | $13.0M |
| Short-term debt | $724,000 | $1.3M | $5.3M | $80.0M | $80.0M | $81.6M | $25.3M | $512,000 | $1.0M | $1.5M | $30.5M | $7.6M |
| Deferred revenue | — | — | — | — | — | — | — | — | — | — | −$21.0M | — |
| Total current liabilities | $26.0M | $1.3M | $5.3M | $94.0M | $95.4M | $20.5M | $18.7M | $21.8M | $19.8M | $15.6M | $21.0M | $13.0M |
| Long-term debt | $1.28B | $1.28B | $1.28B | $1.27B | $1.27B | $1.27B | $1.27B | $1.26B | $1.24B | $1.23B | $1.21B | $1.20B |
| Lease obligations | — | — | — | — | — | — | — | — | — | — | $0 | $0 |
| Other long-term liabilities | $20.8M | $43.6M | $37.6M | $0 | $0 | $21.4M | $16.1M | $17.0M | $15.4M | $20.9M | $15.5M | $15.9M |
| Total liabilities | $1.33B | $1.32B | $1.32B | $1.30B | $1.30B | $1.31B | $1.30B | $1.30B | $1.28B | $1.26B | $1.24B | $1.23B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $160,000 | $160,000 | $160,000 | $160,000 | $160,000 | $160,000 | $160,000 | $160,000 | $160,000 | $160,000 | $160,000 | $160,000 |
| Retained earnings (deficit) | −$131.2M | −$127.3M | −$121.5M | −$115.7M | −$112.4M | −$110.4M | −$95.5M | −$93.6M | −$91.6M | −$89.4M | −$86.9M | −$84.3M |
| Accumulated other comprehensive income | — | — | — | $0 | — | — | — | — | — | — | — | — |
| Minority interest | −$65.3M | −$59.2M | −$50.0M | −$40.8M | −$35.8M | — | — | — | — | — | — | — |
| Total shareholders' equity | −$40.1M | −$36.3M | −$30.7M | −$25.0M | −$21.9M | −$20.1M | −$5.4M | −$3.6M | −$1.8M | $279,000 | $2.7M | $5.2M |
| Key figures | ||||||||||||
| Total debt | $1.28B | $1.28B | $1.28B | $1.27B | $1.27B | $1.27B | $1.27B | $1.26B | $1.24B | $1.23B | $1.21B | $1.20B |
| Net cash (debt) | −$1.24B | −$1.25B | −$1.25B | −$1.25B | −$1.24B | −$1.25B | −$1.25B | −$1.24B | −$1.22B | −$1.20B | −$1.18B | −$1.17B |
| Working capital | $48.8M | $32.4M | $34.2M | −$15.6M | −$17.0M | $81.7M | $34.0M | $31.1M | $29.1M | $37.8M | $33.6M | $42.4M |
| Tangible book value | −$45.2M | −$41.6M | −$36.0M | −$30.5M | −$27.4M | −$25.6M | −$11.1M | −$9.0M | −$7.3M | −$5.4M | −$3.4M | −$1.1M |
| Book value per share | −$2.48 | −$2.25 | −$1.90 | −$1.55 | −$1.36 | −$1.24 | −$0.34 | −$0.22 | −$0.11 | $0.02 | $0.17 | $0.32 |
| Shares outstanding | 16.2M | 16.1M | 16.1M | 16.1M | 16.1M | 16.1M | 16.1M | 16.1M | 16.1M | 16.1M | 16.1M | 16.1M |
| Current ratio | 2.88 | 25.95 | 7.48 | 0.83 | 0.82 | 4.98 | 2.82 | 2.43 | 2.47 | 3.43 | 2.60 | 4.27 |
| Quick ratio | 1.67 | 25.95 | 7.48 | 0.38 | 0.44 | 1.48 | 1.51 | 1.15 | 1.32 | 1.72 | 1.41 | 2.33 |
| Debt / equity | — | — | — | — | — | — | — | — | — | 4,396.73 | 439.37 | 231.49 |
| Equity / assets | −3.3% | −3.0% | −2.5% | −2.0% | −1.8% | −1.6% | −0.4% | −0.3% | −0.1% | 0.0% | 0.2% | 0.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
CLPR financial position
At the end of fiscal 2025 (December 31, 2025), Clipper Realty had total assets of $1.2 billion (down 4.1% from a year earlier), total liabilities of $1.3 billion and shareholders' equity of -$30.7 million. It held $30.8 million in cash and short-term investments against $1.3 billion of debt, net debt of $1.2 billion. Its current ratio was 7.48. In the latest quarter (ended June 30, 2026) total assets were $1.2 billion and equity -$40.1 million.
Related: CLPR income statement, CLPR cash flow statement, CLPR key metrics. See the CLPR stock overview for the latest quote and news.
CLPR balance sheet FAQ
What are Clipper Realty's total assets?
Clipper Realty reported total assets of $1.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.3 billion a year earlier.
How much debt does Clipper Realty have?
Clipper Realty had $1.3 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was —.
How much cash does Clipper Realty have?
Clipper Realty held $30.8 million in cash and short-term investments at the end of fiscal 2025; with $1.3 billion of debt that is net debt of $1.2 billion.
What is Clipper Realty's book value?
Clipper Realty's shareholders' equity (book value) was -$30.7 million at the end of fiscal 2025, or −$1.90 per share.
What is Clipper Realty's current ratio?
Clipper Realty had current assets of $39.5 million and current liabilities of $5.3 million, a current ratio of 7.48 (it can cover its short-term obligations).
How much goodwill does Clipper Realty have?
Clipper Realty carried $5.3 million of goodwill and intangible assets, 0.4% of total assets, at the end of fiscal 2025.