Citizens Financial Services, Inc. (CZFS) Balance Sheet
CZFS balance sheet, 2025
December 31, 2025 · U.S. dollars$3.06B assets = $2.73B liabilities + $338.1M equity
Both columns are drawn to the same scale: what CZFS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CZFS financial health
Descriptive bands, not a rating. Fiscal 2025.
CZFS balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.22B2016 | $3.06B2025 | +10.7%/yr | |
| Total liabilities | $1.10B2016 | $2.73B2025 | +10.6%/yr | |
| Shareholders’ equity | $123.3M2016 | $338.1M2025 | +11.9%/yr | |
| Cash & short-term investments | $338.7M2016 | $74.2M2025 | −15.5%/yr | |
| Total debt | $79.7M2016 | $309.4M2025 | +16.3%/yr | |
| Net cash (debt) | $259.1M2016 | −$235.3M2025 | −$494.3M | |
| Working capital | −$655.6M2016 | −$2.31B2025 | −$1.7B | |
| Book value per share | $32.782016 | $70.432025 | +8.9%/yr | |
| Debt / equity | 0.652016 | 0.922025 | +0.27 | |
| Shares outstanding | 3.8M2016 | 4.8M2025 | +2.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CZFS assets
CZFS liabilities and equity
CZFS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CZFS balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $74.2M | $93.1M | $474.5M | $471.8M | $596.3M | $377.7M | $273.5M | $273.3M | $283.6M | $338.7M |
| Cash & equivalents | $38.1M | $46.0M | $56.9M | $32.3M | $183.9M | $82.5M | $32.8M | $32.3M | $28.8M | $24.7M |
| Short-term investments | $36.1M | $47.1M | $417.6M | $439.5M | $412.4M | $295.2M | $240.7M | $241.0M | $254.8M | $314.0M |
| Receivables | $10.7M | $10.3M | $11.0M | $7.3M | $5.2M | $6.0M | $4.6M | $4.5M | $4.2M | $11.8M |
| Inventory | $0 | $0 | $26.7M | −$40.1M | −$190.3M | −$90.3M | −$43.8M | −$1.14B | −$1.06B | −$849.2M |
| Other current assets | $0 | $0 | $0 | $40.1M | $190.3M | $90.3M | $43.8M | $1.14B | $1.06B | $849.2M |
| Total current assets | $84.9M | $103.4M | $485.5M | $479.1M | $601.5M | $383.7M | $278.0M | $277.8M | $287.8M | $350.6M |
| Property, plant & equipment (net) | $21.0M | $21.4M | $21.4M | $17.6M | $17.0M | $16.9M | $15.9M | $16.3M | $16.5M | $17.0M |
| Goodwill & intangible assets | $88.0M | $88.7M | $89.4M | $32.6M | $33.0M | $33.0M | $24.6M | $24.9M | $25.2M | $23.2M |
| Long-term investments | $446.6M | $427.7M | $419.5M | $441.7M | $1.84B | $1.70B | $241.4M | $241.5M | $254.8M | $314.0M |
| Other non-current assets | $2.42B | $2.38B | $1.96B | $1.36B | $0 | $0 | $906.3M | $870.2M | $777.6M | $518.2M |
| Total assets | $3.06B | $3.03B | $2.98B | $2.33B | $2.14B | $1.89B | $1.47B | $1.43B | $1.36B | $1.22B |
| Liabilities | ||||||||||
| Accounts payable | $3.1M | $4.7M | $4.3M | $1.2M | $711,000 | $1.0M | $1.1M | $1.1M | $897,000 | $720,000 |
| Short-term debt | $15.5M | $24.9M | $30.6M | $230.7M | $47.3M | $62.3M | $56.4M | $71.0M | $92.5M | $64.0M |
| Deferred revenue | — | — | −$4.3M | −$229.5M | −$46.6M | −$61.3M | −$55.3M | −$753.5M | −$747.9M | −$763.6M |
| Total current liabilities | $2.40B | $2.41B | $2.36B | $1.85B | $1.84B | $1.59B | $1.21B | $1.19B | $1.11B | $1.01B |
| Long-term debt | $294.0M | $272.8M | $322.0M | $9.7M | $74.0M | $88.8M | $85.1M | $91.2M | $114.7M | $79.7M |
| Other long-term liabilities | $37.0M | $41.5M | $17.2M | $278.1M | $20.5M | $18.7M | $14.2M | $14.1M | $12.4M | $13.9M |
| Total liabilities | $2.73B | $2.73B | $2.70B | $2.13B | $1.93B | $1.70B | $1.31B | $1.29B | $1.23B | $1.10B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $5.3M | $5.2M | $5.2M | $4.4M | $4.4M | $4.3M | $3.9M | $3.9M | $3.9M | $3.7M |
| Retained earnings (deficit) | $213.6M | $189.4M | $173.0M | $164.9M | $146.0M | $126.6M | $110.8M | $99.7M | $90.0M | $91.3M |
| Treasury stock | — | — | — | −$17.0M | −$16.1M | −$15.2M | −$14.4M | — | −$12.6M | −$12.6M |
| Accumulated other comprehensive income | −$12.4M | −$23.5M | −$24.9M | −$33.1M | −$155,000 | $2.6M | −$629,000 | −$3.9M | −$3.4M | −$1.4M |
| Total shareholders' equity | $338.1M | $299.7M | $279.7M | $200.1M | $212.5M | $194.3M | $154.8M | $139.2M | $129.0M | $123.3M |
| Key figures | ||||||||||
| Total debt | $309.4M | $297.7M | $302.0M | $257.3M | $74.0M | $88.8M | $85.1M | $91.2M | $114.7M | $79.7M |
| Net cash (debt) | −$235.3M | −$204.6M | $172.5M | $214.5M | $522.3M | $288.8M | $188.4M | $182.1M | $168.9M | $259.1M |
| Working capital | −$2.31B | −$2.31B | −$1.87B | −$1.37B | −$1.24B | −$1.21B | −$934.2M | −$908.5M | −$818.1M | −$655.6M |
| Tangible book value | $250.1M | $211.1M | $190.3M | $167.5M | $179.5M | $161.2M | $130.1M | $114.3M | $103.8M | $100.1M |
| Book value per share | $70.43 | $63.04 | $63.19 | $49.43 | $52.27 | $49.03 | $41.80 | $37.40 | $34.56 | $32.78 |
| Shares outstanding | 4.8M | 4.8M | 4.4M | 4.0M | 4.1M | 4.0M | 3.7M | 3.7M | 3.7M | 3.8M |
| Current ratio | 0.04 | 0.04 | 0.21 | 0.26 | 0.33 | 0.24 | 0.23 | 0.23 | 0.26 | 0.35 |
| Quick ratio | 0.04 | 0.04 | 0.21 | 0.26 | 0.33 | 0.24 | 0.23 | 0.23 | 0.26 | 0.35 |
| Debt / equity | 0.92 | 0.99 | 1.08 | 1.29 | 0.35 | 0.46 | 0.55 | 0.65 | 0.89 | 0.65 |
| Equity / assets | 11.0% | 9.9% | 9.4% | 8.6% | 9.9% | 10.3% | 10.6% | 9.7% | 9.5% | 10.1% |
| 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 | $530.7M | $133.9M | $74.2M | $107.7M | $116.8M | $85.4M | $93.1M | $459.8M | $444.9M | $438.3M | $474.5M | $465.7M |
| Cash & equivalents | $39.4M | $36.9M | $38.1M | $34.9M | $53.3M | $40.6M | $46.0M | $40.6M | $42.3M | $33.4M | $56.9M | $47.9M |
| Short-term investments | $491.3M | $97.0M | $36.1M | $72.8M | $63.4M | $44.8M | $47.1M | $419.2M | $402.7M | $404.9M | $417.6M | $417.8M |
| Receivables | $10.9M | $10.9M | $10.7M | $11.4M | $10.6M | $10.9M | $10.3M | $10.8M | $10.8M | $10.6M | $11.0M | $10.3M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$466.8M | −$49.2M | −$40.2M | $26.7M | −$58.7M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $466.8M | $49.2M | $40.2M | $0 | $58.7M |
| Total current assets | $41.3M | $144.9M | $84.9M | $119.1M | $127.4M | $96.3M | $103.4M | $470.6M | $455.7M | $448.9M | $485.5M | $476.0M |
| Property, plant & equipment (net) | $20.7M | $20.7M | $21.0M | $21.5M | $21.8M | $21.6M | $31.4M | $21.2M | $20.9M | $21.1M | $21.4M | $21.4M |
| Goodwill & intangible assets | $87.7M | $87.8M | $88.0M | $88.1M | $88.3M | $88.5M | $88.7M | $88.8M | $89.0M | $89.2M | $89.4M | $88.6M |
| Long-term investments | $136.2M | $98.8M | $446.6M | $74.6M | $65.2M | $432.4M | $427.7M | $420.9M | $404.2M | $406.5M | $419.5M | $419.7M |
| Other non-current assets | $2.91B | $2.67B | $2.42B | $2.75B | $2.66B | $2.38B | $2.37B | $2.02B | $1.98B | $1.96B | $1.96B | $1.95B |
| Total assets | $3.19B | $3.03B | $3.06B | $3.06B | $2.97B | $3.02B | $3.03B | $3.03B | $2.95B | $2.92B | $2.98B | $2.96B |
| Liabilities | ||||||||||||
| Accounts payable | $3.4M | $3.7M | $3.1M | $3.8M | $2.7M | $3.1M | $4.7M | $5.5M | $5.5M | $4.1M | $4.3M | $2.7M |
| Short-term debt | — | — | $15.5M | — | — | — | $24.9M | — | — | — | $30.6M | — |
| Deferred revenue | — | — | — | — | — | — | — | — | — | — | −$4.3M | — |
| Total current liabilities | $3.4M | $2.44B | $2.40B | $2.41B | $2.30B | $2.37B | $2.41B | $2.46B | $2.28B | $2.31B | $2.36B | $2.34B |
| Long-term debt | $394.0M | $198.7M | $294.0M | $279.6M | $313.2M | $302.0M | $272.8M | $231.7M | $334.8M | $283.6M | $322.0M | $316.2M |
| Other long-term liabilities | $2.45B | $39.2M | $37.0M | $34.2M | $45.0M | $38.0M | $41.5M | $40.4M | $47.7M | $47.9M | $17.2M | $42.5M |
| Total liabilities | $2.84B | $2.68B | $2.73B | $2.73B | $2.65B | $2.71B | $2.73B | $2.73B | $2.66B | $2.64B | $2.70B | $2.70B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $5.3M | $5.3M | $5.3M | $5.3M | $5.3M | $5.2M | $5.2M | $5.2M | $5.2M | $5.2M | $5.2M | $5.2M |
| Retained earnings (deficit) | $229.3M | $221.6M | $213.6M | $205.5M | $197.9M | $194.7M | $189.4M | $183.8M | $178.6M | $177.7M | $173.0M | $167.7M |
| Accumulated other comprehensive income | −$13.4M | −$14.7M | −$12.4M | −$14.7M | −$21.0M | −$20.2M | −$23.5M | −$18.9M | −$25.9M | −$26.6M | −$24.9M | −$36.6M |
| Total shareholders' equity | $352.8M | $343.6M | $338.1M | $327.7M | $313.7M | $308.3M | $299.7M | $298.7M | $286.5M | $282.7M | $279.7M | $262.7M |
| Key figures | ||||||||||||
| Total debt | $394.0M | $198.7M | $309.4M | $279.6M | $313.2M | $302.0M | $297.7M | $231.7M | $334.8M | $283.6M | $302.0M | $316.2M |
| Net cash (debt) | $136.7M | −$64.8M | −$235.3M | −$171.9M | −$196.5M | −$216.6M | −$204.6M | $228.0M | $110.1M | $154.7M | $172.5M | $149.6M |
| Working capital | $37.9M | −$2.30B | −$2.31B | −$2.30B | −$2.17B | −$2.27B | −$2.31B | −$1.99B | −$1.82B | −$1.86B | −$1.87B | −$1.86B |
| Tangible book value | $265.1M | $255.7M | $250.1M | $239.6M | $225.4M | $219.8M | $211.1M | $209.8M | $197.5M | $193.5M | $190.3M | $174.1M |
| Book value per share | $73.48 | $71.59 | $70.45 | $68.27 | $65.33 | $64.88 | $63.07 | $62.24 | $59.08 | $59.52 | $58.33 | $55.34 |
| Shares outstanding | 4.8M | 4.8M | 4.8M | 4.8M | 4.8M | 4.8M | 4.8M | 4.8M | 4.8M | 4.7M | 4.8M | 4.7M |
| Current ratio | 12.29 | 0.06 | 0.04 | 0.05 | 0.06 | 0.04 | 0.04 | 0.19 | 0.20 | 0.19 | 0.21 | 0.20 |
| Quick ratio | 161.30 | 0.06 | 0.04 | 0.05 | 0.06 | 0.04 | 0.04 | 0.19 | 0.20 | 0.19 | 0.21 | 0.20 |
| Debt / equity | 1.12 | 0.58 | 0.92 | 0.85 | 1.00 | 0.98 | 0.99 | 0.78 | 1.17 | 1.00 | 1.08 | 1.20 |
| Equity / assets | 11.1% | 11.4% | 11.0% | 10.7% | 10.6% | 10.2% | 9.9% | 9.9% | 9.7% | 9.7% | 9.4% | 8.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed January 29, 2026); data from EODHD.
CZFS financial position
At the end of fiscal 2025 (December 31, 2025), Citizens Financial Services had total assets of $3.1 billion (up 1.3% from a year earlier), total liabilities of $2.7 billion and shareholders' equity of $338.1 million. It held $74.2 million in cash and short-term investments against $309.4 million of debt, net debt of $235.3 million. Its current ratio was 0.04. In the latest quarter (ended June 30, 2026) total assets were $3.2 billion and equity $352.8 million.
Related: CZFS income statement, CZFS cash flow statement, CZFS key metrics. See the CZFS stock overview for the latest quote and news.
CZFS balance sheet FAQ
What are Citizens Financial Services's total assets?
Citizens Financial Services reported total assets of $3.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $3.0 billion a year earlier.
How much debt does Citizens Financial Services have?
Citizens Financial Services had $309.4 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.92.
How much cash does Citizens Financial Services have?
Citizens Financial Services held $74.2 million in cash and short-term investments at the end of fiscal 2025; with $309.4 million of debt that is net debt of $235.3 million.
What is Citizens Financial Services's book value?
Citizens Financial Services's shareholders' equity (book value) was $338.1 million at the end of fiscal 2025, or $70.43 per share.
What is Citizens Financial Services's current ratio?
Citizens Financial Services had current assets of $84.9 million and current liabilities of $2.4 billion, a current ratio of 0.04 (current liabilities exceed current assets).
How much goodwill does Citizens Financial Services have?
Citizens Financial Services carried $88.0 million of goodwill and intangible assets, 2.9% of total assets, at the end of fiscal 2025.