First Capital, Inc. (FCAP) Balance Sheet
FCAP balance sheet, 2025
December 31, 2025 · U.S. dollars$1.27B assets = $1.13B liabilities + $137.9M equity
Both columns are drawn to the same scale: what FCAP owns equals what it owes plus shareholders’ equity. Hover a block for its value.
FCAP financial health
Descriptive bands, not a rating. Fiscal 2025.
FCAP balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $743.7M2016 | $1.27B2025 | +6.1%/yr | |
| Total liabilities | $667.8M2016 | $1.13B2025 | +6.1%/yr | |
| Shareholders’ equity | $75.7M2016 | $137.8M2025 | +6.9%/yr | |
| Cash & short-term investments | $291.3M2016 | $391.7M2025 | +3.3%/yr | |
| Total debt | $02016 | $3,0002025 | — | |
| Net cash (debt) | $291.3M2016 | $391.7M2025 | +$100.4M | |
| Working capital | −$374.2M2016 | −$728.4M2025 | −$354.2M | |
| Book value per share | $22.652016 | $41.162025 | +6.9%/yr | |
| Debt / equity | 0.002016 | 0.002025 | 0.00 | |
| Shares outstanding | 3.3M2016 | 3.3M2025 | +0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FCAP assets
FCAP liabilities and equity
FCAP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
FCAP balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $391.7M | $497.9M | $464.4M | $493.5M | $479.6M | $325.1M | $283.4M | $288.7M | $300.6M | $291.3M |
| Cash & equivalents | $138.8M | $108.6M | $27.1M | $32.7M | $32.3M | $41.6M | $28.8M | $26.8M | $29.5M | $35.4M |
| Short-term investments | $253.0M | $389.2M | $437.3M | $460.8M | $447.3M | $283.5M | $254.6M | $261.8M | $271.2M | $255.8M |
| Receivables | $5.1M | $4.6M | $4.8M | $4.3M | $3.4M | $3.4M | $3.1M | $2.8M | $2.7M | $2.4M |
| Inventory | $0 | $0 | $33.9M | −$74.3M | −$180.8M | −$185.7M | −$61.1M | $3.1M | $4.0M | $4.7M |
| Other current assets | $0 | $0 | $0 | $74.3M | $180.8M | $185.7M | $61.1M | $0 | $0 | $0 |
| Total current assets | $396.8M | $502.4M | $469.2M | $497.8M | $483.0M | $328.5M | $286.5M | $291.5M | $303.3M | $293.6M |
| Property, plant & equipment (net) | $14.4M | $14.2M | $14.4M | $14.7M | $15.2M | $15.9M | $16.4M | $14.4M | $15.0M | $14.8M |
| Goodwill & intangible assets | $6.5M | $6.6M | $6.7M | $6.9M | $7.0M | $7.1M | $7.3M | $7.4M | $7.6M | $7.7M |
| Long-term investments | $424.2M | $396.2M | $444.3M | $461.6M | $933.0M | $283.5M | $725.2M | $699.0M | $412.2M | $385.7M |
| Other non-current assets | $430.1M | $268.1M | $223.3M | $170.4M | $0 | $382.5M | $0 | $0 | $20.8M | $41.8M |
| Total assets | $1.27B | $1.19B | $1.16B | $1.15B | $1.16B | $1.02B | $827.5M | $794.2M | $759.0M | $743.7M |
| Liabilities | ||||||||||
| Accounts payable | $2.2M | $1.9M | $1.2M | $123,000 | $97,000 | $153,000 | $210,000 | $150,000 | $107,000 | $133,000 |
| Short-term debt | — | $5,000 | $21.5M | $19,000 | $19,000 | $19,000 | — | $0 | $10.0M | $0 |
| Deferred revenue | — | — | −$1.2M | $104,000 | $78,000 | $134,000 | — | — | −$9.9M | — |
| Total current liabilities | $1.13B | $1.07B | $1.03B | $1.07B | $1.04B | $906.8M | $728.5M | $708.2M | $667.9M | $667.8M |
| Long-term debt | $0 | $0 | $21.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Other long-term liabilities | $8.9M | $4.5M | $4.6M | $1.07B | $1.04B | $906.8M | $728.5M | $708.2M | $10.0M | $667.8M |
| Total liabilities | $1.13B | $1.07B | $1.05B | $1.07B | $1.04B | $906.8M | $728.5M | $708.2M | $677.9M | $667.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $38,000 | $38,000 | $38,000 | $38,000 | $38,000 | $38,000 | $38,000 | $38,000 | $38,000 | $38,000 |
| Retained earnings (deficit) | $117.6M | $105.3M | $97.1M | $88.5M | $80.1M | $72.2M | $65.3M | $58.1M | $52.0M | $47.1M |
| Treasury stock | — | — | — | −$8.7M | −$8.7M | −$8.5M | −$8.4M | −$8.3M | −$8.3M | −$8.3M |
| Accumulated other comprehensive income | −$11.6M | −$23.0M | −$24.0M | −$35.7M | $1.7M | $6.8M | $2.1M | −$3.5M | −$2.1M | −$2.3M |
| Minority interest | $112,000 | $112,000 | $112,000 | $112,000 | $112,000 | $112,000 | $112,000 | $112,000 | $112,000 | $112,000 |
| Total shareholders' equity | $137.8M | $114.6M | $105.2M | $85.2M | $113.8M | $110.6M | $98.8M | $85.8M | $80.9M | $75.7M |
| Key figures | ||||||||||
| Total debt | $3,000 | $4,000 | $21.5M | $42,000 | $60,000 | $77,000 | — | $0 | $10.0M | $0 |
| Net cash (debt) | $391.7M | $497.9M | $442.9M | $493.5M | $479.5M | $325.0M | — | $288.7M | $290.6M | $291.3M |
| Working capital | −$728.4M | −$565.9M | −$557.3M | −$568.3M | −$559.6M | −$578.3M | −$442.1M | −$416.7M | −$364.6M | −$374.2M |
| Tangible book value | $131.3M | $108.0M | $98.5M | $78.3M | $106.8M | $103.5M | $91.5M | $78.4M | $73.4M | $68.0M |
| Book value per share | $41.16 | $34.25 | $31.44 | $25.38 | $34.01 | $33.03 | $29.56 | $25.74 | $24.31 | $22.65 |
| Shares outstanding | 3.3M | 3.3M | 3.3M | 3.4M | 3.3M | 3.3M | 3.3M | 3.3M | 3.3M | 3.3M |
| Current ratio | 0.35 | 0.47 | 0.46 | 0.47 | 0.46 | 0.36 | 0.39 | 0.41 | 0.45 | 0.44 |
| Quick ratio | 0.35 | 0.47 | 0.46 | 0.47 | 0.46 | 0.36 | 0.39 | 0.41 | 0.45 | 0.44 |
| Debt / equity | 0.00 | 0.00 | 0.20 | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.12 | 0.00 |
| Equity / assets | 10.8% | 9.7% | 9.1% | 7.4% | 9.8% | 10.9% | 11.9% | 10.8% | 10.7% | 10.2% |
| 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 | $563.7M | $409.6M | $391.7M | $372.8M | $532.4M | $511.0M | $497.9M | $438.3M | $441.9M | $452.8M | $464.4M | $463.5M |
| Cash & equivalents | $149.8M | $150.9M | $138.8M | $114.4M | $136.8M | $119.3M | $108.6M | $29.8M | $27.6M | $24.6M | $27.1M | $23.4M |
| Short-term investments | $413.9M | $258.8M | $253.0M | $258.4M | $395.6M | $391.7M | $389.2M | $408.5M | $414.3M | $428.1M | $437.3M | $440.1M |
| Receivables | $5.1M | $4.9M | $5.1M | $4.8M | $4.6M | $4.6M | $4.6M | $4.2M | $4.6M | $4.4M | $4.8M | $4.3M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$55.1M | −$46.5M | $33.9M | −$39.9M |
| Other current assets | $1.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $55.1M | $46.5M | $0 | $39.9M |
| Total current assets | $570.1M | $414.6M | $396.8M | $377.6M | $537.0M | $515.6M | $502.4M | $442.5M | $446.4M | $457.2M | $469.2M | $467.8M |
| Property, plant & equipment (net) | $15.0M | $14.6M | $14.4M | $13.9M | $14.1M | $14.1M | $14.2M | $14.1M | $14.3M | $14.3M | $14.4M | $14.5M |
| Goodwill & intangible assets | $6.5M | $6.5M | $6.5M | $6.5M | $6.5M | $6.5M | $6.6M | $6.6M | $6.6M | $6.7M | $6.7M | $6.7M |
| Long-term investments | $413.9M | $414.8M | $424.2M | $428.6M | $402.6M | $398.7M | $396.2M | $415.5M | $421.3M | $435.1M | $444.3M | $447.1M |
| Other non-current assets | $284.6M | $433.8M | $430.1M | $408.9M | $282.5M | $279.6M | $268.1M | $310.6M | $275.0M | $243.2M | $223.3M | $206.6M |
| Total assets | $1.29B | $1.28B | $1.27B | $1.24B | $1.24B | $1.21B | $1.19B | $1.19B | $1.16B | $1.16B | $1.16B | $1.14B |
| Liabilities | ||||||||||||
| Accounts payable | $1.9M | $2.2M | $2.2M | $2.1M | $2.2M | $1.8M | $1.9M | $2.5M | $2.4M | $1.4M | $1.2M | $1.5M |
| Short-term debt | — | — | — | — | — | — | $5,000 | $33.6M | $33.6M | $33.6M | $21.5M | $13.0M |
| Deferred revenue | — | — | — | — | — | — | — | — | −$2.4M | −$1.4M | −$1.2M | −$1.5M |
| Total current liabilities | $1.14B | $1.14B | $1.13B | $1.10B | $1.11B | $1.09B | $1.07B | $1.03B | $1.02B | $1.01B | $1.03B | $1.03B |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $33.6M | $33.6M | $33.6M | $21.5M | $28.0M |
| Other long-term liabilities | $8.8M | $7.3M | $8.9M | $6.1M | $6.5M | $8.7M | $4.5M | $6.0M | $5.5M | $5.6M | $4.6M | $0 |
| Total liabilities | $1.15B | $1.15B | $1.13B | $1.10B | $1.12B | $1.09B | $1.07B | $1.07B | $1.06B | $1.05B | $1.05B | $1.05B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $38,000 | $38,000 | $38,000 | $38,000 | $38,000 | $38,000 | $38,000 | $38,000 | $38,000 | $38,000 | $38,000 | $38,000 |
| Retained earnings (deficit) | $124.7M | $120.9M | $117.6M | $113.8M | $110.4M | $107.6M | $105.3M | $103.0M | $101.1M | $99.2M | $97.1M | $94.9M |
| Accumulated other comprehensive income | −$14.0M | −$14.7M | −$11.6M | −$13.7M | −$19.5M | −$19.8M | −$23.0M | −$18.5M | −$25.6M | −$25.7M | −$24.0M | −$37.9M |
| Minority interest | $105,000 | $115,000 | $112,000 | $108,000 | $105,000 | — | — | — | — | — | — | — |
| Total shareholders' equity | $142.5M | $138.0M | $137.8M | $132.4M | $123.2M | $120.1M | $114.6M | $116.8M | $107.8M | $105.7M | $105.2M | $89.2M |
| Key figures | ||||||||||||
| Total debt | — | — | $3,000 | — | — | — | $4,000 | $33.6M | $33.6M | $33.6M | $21.5M | $28.0M |
| Net cash (debt) | — | — | $391.7M | — | — | — | $497.9M | $404.6M | $408.2M | $419.1M | $442.9M | $435.5M |
| Working capital | −$568.6M | −$724.2M | −$728.4M | −$719.3M | −$575.8M | −$570.1M | −$565.9M | −$590.3M | −$570.1M | −$554.3M | −$557.3M | −$557.6M |
| Tangible book value | $136.0M | $131.6M | $131.3M | $126.0M | $116.7M | $113.6M | $108.0M | $110.2M | $101.1M | $99.1M | $98.5M | $82.4M |
| Book value per share | $42.67 | $41.35 | $41.22 | $39.54 | $36.77 | $35.86 | $34.24 | $34.89 | $32.21 | $31.61 | $31.45 | $26.65 |
| Shares outstanding | 3.3M | 3.3M | 3.3M | 3.3M | 3.4M | 3.3M | 3.3M | 3.3M | 3.3M | 3.3M | 3.3M | 3.3M |
| Current ratio | 0.50 | 0.36 | 0.35 | 0.34 | 0.48 | 0.47 | 0.47 | 0.43 | 0.44 | 0.45 | 0.46 | 0.46 |
| Quick ratio | 0.50 | 0.36 | 0.35 | 0.34 | 0.48 | 0.47 | 0.47 | 0.43 | 0.44 | 0.45 | 0.46 | 0.46 |
| Debt / equity | — | — | 0.00 | — | — | — | 0.00 | 0.29 | 0.31 | 0.32 | 0.20 | 0.31 |
| Equity / assets | 11.0% | 10.7% | 10.8% | 10.7% | 9.9% | 9.9% | 9.7% | 9.8% | 9.3% | 9.1% | 9.1% | 7.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 31, 2026); data from EODHD.
FCAP financial position
At the end of fiscal 2025 (December 31, 2025), First Capital had total assets of $1.3 billion (up 7.1% from a year earlier), total liabilities of $1.1 billion and shareholders' equity of $137.8 million. It held $391.7 million in cash and short-term investments against $0.0 million of debt, a net cash position of $391.7 million. Its current ratio was 0.35. In the latest quarter (ended June 30, 2026) total assets were $1.3 billion and equity $142.5 million.
Related: FCAP income statement, FCAP cash flow statement, FCAP key metrics. See the FCAP stock overview for the latest quote and news.
FCAP balance sheet FAQ
What are First Capital's total assets?
First Capital reported total assets of $1.3 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.2 billion a year earlier.
How much debt does First Capital have?
First Capital had $0.0 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.00.
How much cash does First Capital have?
First Capital held $391.7 million in cash and short-term investments at the end of fiscal 2025; with $0.0 million of debt that is net cash of $391.7 million.
What is First Capital's book value?
First Capital's shareholders' equity (book value) was $137.8 million at the end of fiscal 2025, or $41.16 per share.
What is First Capital's current ratio?
First Capital had current assets of $396.8 million and current liabilities of $1.1 billion, a current ratio of 0.35 (current liabilities exceed current assets).
How much goodwill does First Capital have?
First Capital carried $6.5 million of goodwill and intangible assets, 0.5% of total assets, at the end of fiscal 2025.