Richardson Electronics, Ltd. (RELL) Balance Sheet
RELL balance sheet, FY2026
May 31, 2026 · U.S. dollars$202.0M assets = $38.3M liabilities + $163.7M equity
Both columns are drawn to the same scale: what RELL owns equals what it owes plus shareholders’ equity. Hover a block for its value.
RELL financial health
Descriptive bands, not a rating. Fiscal FY2026.
RELL balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $157.5MFY2017 | $202.0MFY2026 | +2.8%/yr | |
| Total liabilities | $25.1MFY2017 | $38.3MFY2026 | +4.8%/yr | |
| Shareholders’ equity | $132.3MFY2017 | $163.7MFY2026 | +2.4%/yr | |
| Cash & short-term investments | $61.8MFY2017 | $31.8MFY2026 | −7.1%/yr | |
| Total debt | $3.4MFY2020 | $1.4MFY2026 | −14.0%/yr | |
| Net cash (debt) | $43.1MFY2020 | $30.4MFY2026 | −$12.7M | |
| Working capital | $104.1MFY2017 | $136.4MFY2026 | +$32.2M | |
| Book value per share | $10.30FY2017 | $12.90FY2026 | +2.5%/yr | |
| Current ratio | 5.29FY2017 | 4.75FY2026 | −0.54 | |
| Debt / equity | 0.03FY2020 | 0.01FY2026 | −0.02 | |
| Shares outstanding | 12.8MFY2017 | 12.7MFY2026 | −0.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RELL assets
RELL liabilities and equity
RELL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
RELL balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $31.8M | $35.9M | $24.3M | $25.0M | $40.5M | $43.3M | $46.5M | $50.0M | $60.5M | $61.8M |
| Cash & equivalents | $31.8M | $35.9M | $24.3M | $25.0M | $35.5M | $43.3M | $30.5M | $42.0M | $60.5M | $55.3M |
| Short-term investments | — | — | — | $0 | $5.0M | $0 | $16.0M | $8.0M | $0 | $6.4M |
| Receivables | $33.2M | $24.1M | $24.8M | $30.1M | $29.9M | $25.1M | $20.2M | $24.3M | $22.9M | $20.8M |
| Inventory | $103.0M | $102.8M | $110.1M | $110.4M | $80.4M | $63.5M | $57.5M | $53.2M | $50.7M | $42.7M |
| Other current assets | $4.8M | $3.1M | $2.4M | $2.6M | $2.4M | $2.4M | $2.4M | $3.1M | $3.7M | $3.1M |
| Total current assets | $172.7M | $165.9M | $161.7M | $168.1M | $153.2M | $134.3M | $126.7M | $130.6M | $137.8M | $128.4M |
| Property, plant & equipment (net) | $20.4M | $20.6M | $23.4M | $23.3M | $20.2M | $19.6M | $21.1M | $19.1M | $18.2M | $15.8M |
| Goodwill & intangible assets | $285,000 | $345,000 | $1.6M | $1.9M | $2.0M | $2.3M | $2.5M | $2.8M | $9.3M | $9.8M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.4M |
| Other non-current assets | $8.6M | $9.0M | $5.7M | $4.8M | $4.4M | $541,000 | $456,000 | $529,000 | $927,000 | $1.1M |
| Total assets | $202.0M | $195.8M | $192.4M | $198.0M | $179.8M | $156.8M | $150.7M | $153.0M | $166.3M | $157.5M |
| Liabilities | ||||||||||
| Accounts payable | $19.6M | $21.3M | $15.5M | $23.5M | $24.0M | $17.0M | $17.4M | $16.9M | $19.6M | $15.9M |
| Short-term debt | $787,000 | $1.2M | $1.2M | $1.0M | $1.1M | $1.1M | $1.5M | — | — | — |
| Deferred revenue | — | $4.5M | $4.5M | $3.3M | $5.0M | $3.3M | $1.7M | $2.3M | $1.9M | $1.5M |
| Total current liabilities | $36.4M | $36.8M | $32.0M | $36.6M | $41.2M | $32.2M | $29.2M | $28.2M | $29.9M | $24.2M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $1.4M | $2.3M | $2.8M | $2.5M | $3.0M | $2.4M | $3.4M | — | — | — |
| Other long-term liabilities | $1.9M | $2.4M | $2.5M | $2.1M | $2.8M | $3.0M | $2.9M | $1.0M | $1.2M | $893,000 |
| Total liabilities | $38.3M | $39.2M | $34.5M | $38.7M | $44.0M | $35.2M | $32.1M | $29.3M | $31.1M | $25.1M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $731,000 | $720,000 | $715,000 | $710,000 | $685,000 | $663,000 | $657,000 | $652,000 | $647,000 | $642,000 |
| Retained earnings (deficit) | $82.3M | $79.3M | $83.7M | $87.0M | $68.0M | $53.3M | $54.8M | $59.7M | $70.1M | $69.3M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | $3.7M | $2.2M | $764,000 | $615,000 | $800,000 | $4.9M | $1.5M | $2.4M | $4.4M | $2.9M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $163.7M | $156.7M | $158.0M | $159.3M | $135.8M | $121.6M | $118.7M | $123.8M | $135.2M | $132.3M |
| Key figures | ||||||||||
| Total debt | $1.4M | $2.3M | $2.8M | $2.5M | $3.0M | $2.4M | $3.4M | — | — | — |
| Net cash (debt) | $30.4M | $33.6M | $21.5M | $22.5M | $37.5M | $40.9M | $43.1M | — | — | — |
| Working capital | $136.4M | $129.1M | $129.6M | $131.5M | $112.0M | $102.1M | $97.5M | $102.4M | $107.9M | $104.1M |
| Tangible book value | $163.4M | $156.3M | $156.3M | $157.4M | $133.8M | $119.3M | $116.2M | $121.0M | $125.8M | $122.6M |
| Book value per share | $12.90 | $12.74 | $10.88 | $11.07 | $9.92 | $9.31 | $9.19 | $9.65 | $10.43 | $10.30 |
| Shares outstanding | 12.7M | 12.3M | 14.5M | 14.4M | 13.7M | 13.1M | 12.9M | 12.8M | 13.0M | 12.8M |
| Current ratio | 4.75 | 4.51 | 5.05 | 4.59 | 3.72 | 4.17 | 4.34 | 4.63 | 4.60 | 5.29 |
| Quick ratio | 1.79 | 1.63 | 1.53 | 1.50 | 1.71 | 2.12 | 2.29 | 2.63 | 2.78 | 3.40 |
| Debt / equity | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | — | — | — |
| Equity / assets | 81.0% | 80.0% | 82.1% | 80.4% | 75.5% | 77.5% | 78.7% | 80.9% | 81.3% | 84.0% |
| Aug '26 | May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $36.9M | $31.8M | $29.5M | $33.1M | $35.7M | $35.9M | $36.7M | $26.6M | $23.0M | $24.3M | $18.9M | $22.8M |
| Cash & equivalents | $36.9M | $31.8M | $29.5M | $33.1M | $35.7M | $35.9M | $36.7M | $26.6M | $23.0M | $24.3M | $18.9M | $22.8M |
| Receivables | $34.9M | $33.2M | $27.0M | $27.4M | $27.0M | $24.1M | $24.9M | $25.8M | $30.9M | $24.8M | $29.1M | $23.9M |
| Inventory | $103.3M | $103.0M | $107.6M | $105.2M | $104.6M | $102.8M | $98.4M | $110.7M | $111.0M | $110.1M | $112.6M | $117.0M |
| Other current assets | $4.4M | $4.8M | $5.8M | $5.8M | $2.9M | $3.1M | $3.5M | $2.4M | $2.5M | $2.4M | $2.7M | $2.9M |
| Total current assets | $179.6M | $172.7M | $170.0M | $171.5M | $170.3M | $165.9M | $163.5M | $165.5M | $167.4M | $161.7M | $163.4M | $166.6M |
| Property, plant & equipment (net) | $23.3M | $20.4M | $20.5M | $20.9M | $20.5M | $20.6M | $20.2M | $22.5M | $23.1M | $23.4M | $23.8M | $23.5M |
| Goodwill & intangible assets | $270,000 | $285,000 | $300,000 | $314,000 | $330,000 | $345,000 | $358,000 | $1.5M | $1.6M | $1.6M | $1.7M | $1.8M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $8.5M | $8.6M | $9.1M | $9.1M | $9.0M | $9.0M | $5.8M | $5.7M | $5.8M | $5.7M | $4.7M | $4.7M |
| Total assets | $211.7M | $202.0M | $199.8M | $201.8M | $200.1M | $195.8M | $189.8M | $195.2M | $197.9M | $192.4M | $193.6M | $196.5M |
| Liabilities | ||||||||||||
| Accounts payable | $22.6M | $19.6M | $23.0M | $23.6M | $23.2M | $21.3M | $22.5M | $20.0M | $19.8M | $15.5M | $18.4M | $22.5M |
| Short-term debt | $1.0M | $787,000 | $938,000 | $1.0M | $1.2M | $1.2M | $986,000 | $1.1M | $1.1M | $1.2M | $1.2M | $1.0M |
| Deferred revenue | — | — | $4.4M | $6.5M | $4.7M | $4.5M | $4.5M | $4.3M | $4.5M | $4.5M | $3.7M | $2.3M |
| Total current liabilities | $38.6M | $36.4M | $37.8M | $41.4M | $38.7M | $36.8M | $34.7M | $36.7M | $36.3M | $32.0M | $32.3M | $36.0M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | $1.4M | $1.6M | $1.7M | $2.0M | $2.3M | $2.0M | $2.3M | $2.5M | $2.8M | $3.1M | $2.1M |
| Other long-term liabilities | $3.8M | $1.9M | $1.8M | $1.9M | $2.0M | $2.4M | $2.2M | $2.3M | $2.5M | $2.5M | $2.7M | $1.9M |
| Total liabilities | $42.5M | $38.3M | $39.6M | $43.3M | $40.7M | $39.2M | $36.9M | $39.0M | $38.8M | $34.5M | $35.0M | $37.8M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $744,000 | $731,000 | $727,000 | $725,000 | $724,000 | $720,000 | $720,000 | $720,000 | $719,000 | $715,000 | $714,000 | $714,000 |
| Retained earnings (deficit) | $85.5M | $82.3M | $79.4M | $79.4M | $80.4M | $79.3M | $79.1M | $82.0M | $83.6M | $83.7M | $84.7M | $84.8M |
| Accumulated other comprehensive income | $3.5M | $3.7M | $3.9M | $2.8M | $3.2M | $2.2M | −$1.1M | −$348,000 | $1.4M | $764,000 | $1.0M | $1.2M |
| Total shareholders' equity | $169.2M | $163.7M | $160.2M | $158.5M | $159.4M | $156.7M | $152.9M | $156.2M | $159.1M | $158.0M | $158.6M | $158.6M |
| Key figures | ||||||||||||
| Total debt | $3.5M | $1.4M | $1.6M | $1.7M | $2.0M | $2.3M | $2.0M | $2.3M | $2.5M | $2.8M | $3.1M | $2.1M |
| Net cash (debt) | $33.4M | $30.4M | $27.9M | $31.4M | $33.6M | $33.6M | $34.6M | $24.3M | $20.5M | $21.5M | $15.8M | $20.6M |
| Working capital | $140.9M | $136.4M | $132.2M | $130.1M | $131.6M | $129.1M | $128.8M | $128.8M | $131.1M | $129.6M | $131.1M | $130.6M |
| Tangible book value | $169.0M | $163.4M | $159.8M | $158.2M | $159.0M | $156.3M | $152.5M | $154.7M | $157.5M | $156.3M | $156.9M | $156.9M |
| Book value per share | $12.99 | $12.90 | $12.68 | $12.59 | $10.92 | $12.52 | $10.63 | $12.74 | $10.99 | $11.22 | $11.10 | $11.27 |
| Shares outstanding | 13.0M | 12.7M | 12.6M | 12.6M | 14.6M | 12.5M | 14.4M | 12.3M | 14.5M | 14.1M | 14.3M | 14.1M |
| Current ratio | 4.65 | 4.75 | 4.49 | 4.14 | 4.40 | 4.51 | 4.71 | 4.51 | 4.62 | 5.05 | 5.06 | 4.63 |
| Quick ratio | 1.86 | 1.79 | 1.49 | 1.46 | 1.62 | 1.63 | 1.77 | 1.43 | 1.49 | 1.53 | 1.49 | 1.30 |
| Debt / equity | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.01 |
| Equity / assets | 79.9% | 81.0% | 80.2% | 78.5% | 79.7% | 80.0% | 80.6% | 80.0% | 80.4% | 82.1% | 81.9% | 80.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed August 3, 2026); data from EODHD.
RELL financial position
At the end of fiscal 2026 (May 31, 2026), Richardson Electronics had total assets of $202.0 million (up 3.2% from a year earlier), total liabilities of $38.3 million and shareholders' equity of $163.7 million. It held $31.8 million in cash and short-term investments against $1.4 million of debt, a net cash position of $30.4 million. Its current ratio was 4.75. In the latest quarter (ended August 31, 2026) total assets were $211.7 million and equity $169.2 million.
Related: RELL income statement, RELL cash flow statement, RELL key metrics. See the RELL stock overview for the latest quote and news.
RELL balance sheet FAQ
What are Richardson Electronics's total assets?
Richardson Electronics reported total assets of $202.0 million at the end of fiscal 2026 (May 31, 2026), compared with $195.8 million a year earlier.
How much debt does Richardson Electronics have?
Richardson Electronics had $1.4 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.01.
How much cash does Richardson Electronics have?
Richardson Electronics held $31.8 million in cash and short-term investments at the end of fiscal 2026; with $1.4 million of debt that is net cash of $30.4 million.
What is Richardson Electronics's book value?
Richardson Electronics's shareholders' equity (book value) was $163.7 million at the end of fiscal 2026, or $12.90 per share.
What is Richardson Electronics's current ratio?
Richardson Electronics had current assets of $172.7 million and current liabilities of $36.4 million, a current ratio of 4.75 (it can cover its short-term obligations).
How much goodwill does Richardson Electronics have?
Richardson Electronics carried $0.3 million of goodwill and intangible assets, 0.1% of total assets, at the end of fiscal 2026.