IT Tech Packaging, Inc. (ITP) Balance Sheet
ITP balance sheet, 2024
December 31, 2024 · U.S. dollars$177.5M assets = $21.5M liabilities + $156.1M equity
Both columns are drawn to the same scale: what ITP owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ITP financial health
Descriptive bands, not a rating. Fiscal 2024.
ITP balance sheet trends, 2015–2024
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $238.6M2015 | $177.5M2024 | −3.2%/yr | |
| Total liabilities | $62.8M2015 | $21.5M2024 | −11.2%/yr | |
| Shareholders’ equity | $175.8M2015 | $156.1M2024 | −1.3%/yr | |
| Cash & short-term investments | $2.6M2015 | $5.9M2024 | +9.4%/yr | |
| Total debt | $56.8M2015 | $9.6M2024 | −17.9%/yr | |
| Net cash (debt) | −$54.2M2015 | −$3.7M2024 | +$50.5M | |
| Working capital | −$13.9M2015 | $8.3M2024 | +$22.2M | |
| Book value per share | $36.052021 | $15.502024 | −24.5%/yr | |
| Current ratio | 0.652015 | 1.412024 | +0.76 | |
| Debt / equity | 0.322015 | 0.062024 | −0.26 | |
| Shares outstanding | 6.0M2021 | 10.1M2024 | +18.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ITP assets
ITP liabilities and equity
ITP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ITP balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $5.9M | $3.9M | $9.5M | $11.2M | $4.1M | $5.8M | $8.5M | $2.9M | $2.3M | $2.6M |
| Cash & equivalents | $5.9M | $3.9M | $9.5M | $11.2M | $4.1M | $5.8M | $8.5M | $2.9M | $2.3M | $2.6M |
| Short-term investments | — | — | — | — | — | — | — | $6.1M | $2.2M | $10.8M |
| Receivables | $13.5M | $14.8M | $21.2M | $12.7M | $8.3M | $10.6M | $8.6M | $1.8M | $3.9M | $1.9M |
| Inventory | $2.4M | $9.0M | $2.9M | $5.8M | $1.2M | $1.6M | $2.9M | $8.5M | $5.6M | $9.2M |
| Other current assets | $6.7M | $597,991 | $13.6M | $25.8M | $1.2M | $5.9M | $4.1M | $6.8M | $2.6M | $12.6M |
| Total current assets | $28.5M | $28.4M | $47.2M | $55.5M | $14.9M | $24.0M | $24.2M | $20.0M | $14.5M | $26.3M |
| Property, plant & equipment (net) | $67.0M | $164.5M | $97.5M | $172.3M | $156.2M | $141.4M | $155.9M | $176.9M | $175.9M | $207.6M |
| Goodwill & intangible assets | $80.3M | $81.5M | $57.7M | $12.8M | $12.5M | $11.7M | $11.9M | $12.5M | $11.8M | $7.3M |
| Long-term investments | $0 | $0 | $0 | $0 | $2.6M | $2.6M | $2.8M | $3.0M | $2.9M | $3.3M |
| Other non-current assets | $1.8M | $0 | $2.1M | $908,894 | $13.7M | $10.5M | $8.3M | $6.6M | $3.3M | $0 |
| Total assets | $177.5M | $194.7M | $204.4M | $241.5M | $199.9M | $190.2M | $203.1M | $219.0M | $208.4M | $238.6M |
| Liabilities | ||||||||||
| Accounts payable | $1 | $4,991 | $5,025 | $10,255 | $592,391 | $250,486 | $629,054 | $422,705 | $559,952 | $253,425 |
| Short-term debt | $8.3M | $7.4M | $10.7M | $13.0M | $11.6M | $7.8M | $17.9M | $19.7M | $13.8M | $34.6M |
| Deferred revenue | $11,773 | $136,167 | — | $39,694 | $82,625 | $98,311 | — | — | $28,831 | — |
| Total current liabilities | $20.1M | $21.4M | $17.6M | $20.4M | $18.3M | $16.8M | $29.6M | $21.8M | $20.6M | $40.2M |
| Long-term debt | $1.1M | $4.5M | $4.8M | $3.1M | $5.0M | $7.4M | $4.7M | $1.2M | $4.8M | $3.2M |
| Lease obligations | $476,751 | $584,350 | $804,494 | $362,394 | $536,959 | — | — | $0 | $8.8M | — |
| Other long-term liabilities | $236,802 | $483,922 | $698,592 | $2.2M | $1.5M | $0 | $2.2M | $10.7M | $10.2M | $19.4M |
| Total liabilities | $21.5M | $26.4M | $23.1M | $25.8M | $24.8M | $24.2M | $36.5M | $33.7M | $35.6M | $62.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $10,066 | $10,066 | $10,066 | $99,050 | $28,536 | $22,685 | $22,360 | $21,450 | $21,450 | $20,316 |
| Retained earnings (deficit) | $73.8M | $83.6M | $93.6M | $110.1M | $109.2M | $114.8M | $112.6M | $123.1M | $121.5M | $114.1M |
| Treasury stock | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Accumulated other comprehensive income | −$6.9M | −$4.5M | −$1.4M | $16.6M | $11.8M | $23,037 | $2.8M | $11.5M | $639,183 | $12.4M |
| Minority interest | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $156.1M | $168.3M | $181.3M | $215.7M | $175.1M | $166.0M | $166.5M | $185.3M | $172.8M | $175.8M |
| Key figures | ||||||||||
| Total debt | $9.6M | $12.4M | $15.4M | $16.1M | $16.6M | $15.1M | $24.8M | $31.6M | $30.9M | $56.8M |
| Net cash (debt) | −$3.7M | −$8.5M | −$5.9M | −$4.9M | −$12.4M | −$9.3M | −$16.4M | −$28.7M | −$28.6M | −$54.2M |
| Working capital | $8.3M | $6.9M | $29.5M | $35.1M | −$3.4M | $7.2M | −$5.5M | −$1.8M | −$6.1M | −$13.9M |
| Tangible book value | $75.7M | $86.8M | $123.6M | $203.0M | $162.6M | $154.3M | $154.7M | $172.8M | $161.0M | $168.5M |
| Book value per share | $15.50 | $16.72 | $18.18 | $36.05 | — | — | — | — | — | — |
| Shares outstanding | 10.1M | 10.1M | 10.0M | 6.0M | — | — | — | — | — | — |
| Current ratio | 1.41 | 1.32 | 2.67 | 2.72 | 0.81 | 1.43 | 0.82 | 0.92 | 0.70 | 0.65 |
| Quick ratio | 0.96 | 0.88 | 1.74 | 1.17 | 0.68 | 0.98 | 0.58 | 0.22 | 0.30 | 0.11 |
| Debt / equity | 0.06 | 0.07 | 0.09 | 0.07 | 0.09 | 0.09 | 0.15 | 0.17 | 0.18 | 0.32 |
| Equity / assets | 87.9% | 86.4% | 88.7% | 89.3% | 87.6% | 87.3% | 82.0% | 84.6% | 82.9% | 73.7% |
| Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $9.1M | $6.5M | $4.0M | $5.9M | $4.4M | $5.1M | $4.5M | $3.9M | $9.4M | $12.0M | $16.8M | $9.5M |
| Cash & equivalents | $9.1M | $6.5M | $4.0M | $5.9M | $4.4M | $5.1M | $4.5M | $3.9M | $9.4M | $12.0M | $16.8M | $9.5M |
| Receivables | $15.6M | $15.2M | $15.5M | $13.5M | $16.5M | $17.1M | $16.8M | $14.8M | $19.9M | $23.2M | $24.1M | $21.2M |
| Inventory | $10.7M | $5.1M | $4.6M | $2.4M | $5.7M | $5.3M | $3.5M | $3.6M | $5.4M | $6.6M | $6.0M | $2.9M |
| Other current assets | $310,613 | $5.9M | $5.3M | $6.7M | $6.4M | $5.9M | $5.3M | $6.0M | $6.3M | $5.9M | $4.6M | $13.6M |
| Total current assets | $35.8M | $32.6M | $29.5M | $28.5M | $33.0M | $33.4M | $30.0M | $28.4M | $41.1M | $47.7M | $51.5M | $47.2M |
| Property, plant & equipment (net) | $138.3M | $60.2M | $63.6M | $67.0M | $72.8M | $75.1M | $79.3M | $83.0M | $116.1M | $88.5M | $94.8M | $97.5M |
| Goodwill & intangible assets | $81.2M | $80.6M | $80.4M | $80.3M | $82.4M | $81.0M | $81.4M | $81.5M | $29.9M | $58.7M | $58.5M | $57.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $1.7M | $1.7M | $1.8M | $1.8M | $1.8M | $1.9M | $1.9M | $1.9M | $1.9M | $2.1M | $2.1M |
| Total assets | $175.7M | $175.2M | $175.2M | $177.5M | $190.0M | $191.4M | $192.6M | $194.7M | $189.0M | $196.7M | $206.8M | $204.4M |
| Liabilities | ||||||||||||
| Accounts payable | $0 | $0 | $0 | $1 | $0 | $415,635 | $241,779 | $4,991 | $104,146 | $127,543 | $0 | $5,025 |
| Short-term debt | $5.2M | $8.7M | $8.7M | $8.3M | $5.5M | $8.2M | $9.3M | $7.4M | $5.6M | $9.6M | $11.1M | $10.7M |
| Deferred revenue | $11,911 | $11,822 | $11,790 | $11,773 | $37,101 | $73,386 | $110,787 | $136,167 | $18,751 | $10,192 | — | — |
| Total current liabilities | $18.7M | $21.3M | $20.9M | $20.1M | $20.8M | $22.9M | $24.6M | $21.4M | $12.0M | $17.3M | $18.1M | $17.6M |
| Long-term debt | $4.7M | $1.1M | $1.1M | $1.1M | $4.6M | $4.5M | $3.2M | $4.5M | $6.6M | $7.4M | $7.1M | $4.8M |
| Lease obligations | $367,816 | $496,502 | $486,207 | $476,751 | $622,942 | $602,286 | $594,062 | $584,350 | $562,612 | $667,258 | $759,606 | $804,494 |
| Other long-term liabilities | $254,034 | $385,899 | $378,697 | $236,802 | $372,970 | $498,723 | $491,928 | $483,920 | $466,129 | $1.2M | $524,484 | $698,592 |
| Total liabilities | $23.6M | $22.8M | $22.4M | $21.5M | $25.7M | $27.9M | $28.3M | $26.4M | $19.1M | $26.0M | $25.8M | $23.1M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $16,965 | $16,965 | $10,066 | $10,066 | $10,066 | $10,066 | $10,066 | $10,066 | $10,066 | $10,066 | $10,066 | $10,066 |
| Retained earnings (deficit) | $66.9M | $68.3M | $70.3M | $73.8M | $77.8M | $79.8M | $79.9M | $83.6M | $87.6M | $89.6M | $90.8M | $93.6M |
| Accumulated other comprehensive income | −$5.1M | −$6.3M | −$6.7M | −$6.9M | −$2.7M | −$5.5M | −$4.8M | −$4.5M | −$6.9M | −$8.0M | $1.1M | −$1.4M |
| Total shareholders' equity | $152.0M | $152.3M | $152.8M | $156.1M | $164.3M | $163.5M | $164.3M | $168.3M | $169.9M | $170.8M | $181.1M | $181.3M |
| Key figures | ||||||||||||
| Total debt | $10.2M | $10.2M | $10.2M | $9.6M | $10.4M | $13.2M | $13.0M | $12.4M | $12.7M | $17.6M | $18.2M | $15.4M |
| Net cash (debt) | −$1.1M | −$3.8M | −$6.2M | −$3.7M | −$6.0M | −$8.0M | −$8.5M | −$8.5M | −$3.2M | −$5.6M | −$1.5M | −$5.9M |
| Working capital | $17.1M | $11.3M | $8.6M | $8.3M | $12.2M | $10.5M | $5.4M | $6.9M | $29.0M | $30.4M | $33.4M | $29.5M |
| Tangible book value | $70.8M | $71.7M | $72.4M | $75.7M | $81.9M | $82.5M | $82.9M | $86.8M | $140.1M | $112.1M | $122.6M | $123.6M |
| Book value per share | $12.77 | $12.79 | $15.18 | $15.50 | $16.32 | $16.24 | $16.32 | $16.72 | $16.88 | $16.97 | $17.99 | $18.01 |
| Shares outstanding | 11.9M | 11.9M | 10.1M | 10.1M | 10.1M | 10.1M | 10.1M | 10.1M | 10.1M | 10.1M | 10.1M | 10.1M |
| Current ratio | 1.92 | 1.53 | 1.41 | 1.41 | 1.59 | 1.46 | 1.22 | 1.32 | 3.41 | 2.76 | 2.84 | 2.67 |
| Quick ratio | 1.32 | 1.01 | 0.93 | 0.96 | 1.01 | 0.97 | 0.87 | 0.88 | 2.44 | 2.03 | 2.25 | 1.74 |
| Debt / equity | 0.07 | 0.07 | 0.07 | 0.06 | 0.06 | 0.08 | 0.08 | 0.07 | 0.07 | 0.10 | 0.10 | 0.09 |
| Equity / assets | 86.5% | 87.0% | 87.2% | 87.9% | 86.5% | 85.4% | 85.3% | 86.4% | 89.9% | 86.8% | 87.5% | 88.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2024); data from EODHD.
ITP financial position
At the end of fiscal 2024 (December 31, 2024), IT Tech Packaging had total assets of $177.5 million (down 8.8% from a year earlier), total liabilities of $21.5 million and shareholders' equity of $156.1 million. It held $5.9 million in cash and short-term investments against $9.6 million of debt, net debt of $3.7 million. Its current ratio was 1.41. In the latest quarter (ended September 30, 2025) total assets were $175.7 million and equity $152.0 million.
Related: ITP income statement, ITP cash flow statement, ITP key metrics. See the ITP stock overview for the latest quote and news.
ITP balance sheet FAQ
What are IT Tech Packaging's total assets?
IT Tech Packaging reported total assets of $177.5 million at the end of fiscal 2024 (December 31, 2024), compared with $194.7 million a year earlier.
How much debt does IT Tech Packaging have?
IT Tech Packaging had $9.6 million of total debt at the end of fiscal 2024, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.06.
How much cash does IT Tech Packaging have?
IT Tech Packaging held $5.9 million in cash and short-term investments at the end of fiscal 2024; with $9.6 million of debt that is net debt of $3.7 million.
What is IT Tech Packaging's book value?
IT Tech Packaging's shareholders' equity (book value) was $156.1 million at the end of fiscal 2024, or $15.50 per share.
What is IT Tech Packaging's current ratio?
IT Tech Packaging had current assets of $28.5 million and current liabilities of $20.1 million, a current ratio of 1.41 (it can cover its short-term obligations).
How much goodwill does IT Tech Packaging have?
IT Tech Packaging carried $80.3 million of goodwill and intangible assets, 45.2% of total assets, at the end of fiscal 2024.