RGC Resources, Inc. (RGCO) Balance Sheet
RGCO balance sheet, FY2025
September 30, 2025 · U.S. dollars$329.8M assets = $216.3M liabilities + $113.6M equity
Both columns are drawn to the same scale: what RGCO owns equals what it owes plus shareholders’ equity. Hover a block for its value.
RGCO financial health
Current ratio1.03
Adequate · current assets cover current liabilities 1.03×
Debt / equity1.31
Moderate leverage · $1.31 of debt for each $1 of equity
Equity / assets34.4%
Balanced · of assets funded by shareholders
Cash / debt1.6%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2025.
RGCO balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $165.6MFY2016 | $329.8MFY2025 | +8.0%/yr | |
| Total liabilities | $109.9MFY2016 | $216.3MFY2025 | +7.8%/yr | |
| Shareholders’ equity | $55.7MFY2016 | $113.6MFY2025 | +8.2%/yr | |
| Cash & short-term investments | $643,252FY2016 | $2.3MFY2025 | +15.3%/yr | |
| Total debt | $48.2MFY2016 | $149.0MFY2025 | +13.4%/yr | |
| Net cash (debt) | −$47.5MFY2016 | −$146.6MFY2025 | −$99.1M | |
| Working capital | −$13.0MFY2016 | $779,467FY2025 | +$13.8M | |
| Book value per share | $7.77FY2016 | $11.02FY2025 | +3.9%/yr | |
| Current ratio | 0.54FY2016 | 1.03FY2025 | +0.49 | |
| Debt / equity | 0.87FY2016 | 1.31FY2025 | +0.45 | |
| Shares outstanding | 7.2MFY2016 | 10.3MFY2025 | +4.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RGCO assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
RGCO liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
RGCO debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
RGCO balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $2.3M | $894,185 | $1.5M | $4.9M | $1.5M | $291,066 | $1.6M | $247,411 | $69,640 | $643,252 |
| Cash & equivalents | $2.3M | $894,185 | $1.5M | $4.9M | $1.5M | $291,066 | $1.6M | $247,411 | $69,640 | $643,252 |
| Short-term investments | — | $871,026 | −$3.1M | $1.2M | — | $57.5M | — | $100,723 | $26,777 | $0 |
| Receivables | $4.8M | $4.5M | $4.2M | $5.4M | $4.9M | $3.4M | $3.9M | $3.7M | $3.5M | $3.5M |
| Inventory | $10.1M | $10.3M | $12.9M | $18.1M | $8.9M | $6.7M | $7.5M | $8.5M | $8.7M | $8.3M |
| Other current assets | $6.0M | $9.4M | $8.2M | $7.2M | $9.8M | $4.0M | $3.4M | $3.0M | $3.4M | $3.1M |
| Total current assets | $23.3M | $25.1M | $26.8M | $35.5M | $25.1M | $14.4M | $16.4M | $15.5M | $15.7M | $15.5M |
| Property, plant & equipment (net) | $274.9M | $262.0M | $247.6M | $229.9M | $211.6M | $198.4M | $182.0M | $166.0M | $147.9M | $132.1M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $20.7M | $21.1M | $17.2M | $13.8M | $64.9M | $57.5M | $47.4M | $28.7M | $7.5M | $3.5M |
| Other non-current assets | $10.9M | $12.5M | $12.2M | $11.1M | $8.4M | $11.3M | $12.6M | $9.3M | $12.0M | $14.4M |
| Total assets | $329.8M | $320.7M | $303.7M | $290.3M | $310.1M | $281.7M | $258.4M | $219.6M | $183.1M | $165.6M |
| Liabilities | ||||||||||
| Accounts payable | $7.1M | $5.4M | $5.8M | $8.6M | $7.7M | $4.4M | $4.5M | $5.2M | $5.1M | $5.3M |
| Short-term debt | $2.9M | $12.0M | $15.3M | $1.3M | $7.0M | $7.5M | $9.8M | — | $5.1M | $14.6M |
| Deferred revenue | $3.4M | $3.4M | $3.4M | $2.9M | $3.1M | $3.2M | $2.3M | $3.7M | $2.7M | $3.2M |
| Total current liabilities | $22.5M | $28.7M | $32.9M | $22.3M | $26.0M | $16.6M | $21.6M | $24.1M | $14.4M | $28.5M |
| Long-term debt | $145.8M | $136.7M | $125.8M | $135.7M | $133.5M | $123.8M | $103.4M | $70.3M | $61.3M | $33.6M |
| Lease obligations | $345,173 | $334,168 | — | — | — | — | — | — | — | — |
| Other long-term liabilities | $48.0M | $47.2M | $44.2M | $39.2M | $50.9M | $52.4M | $50.3M | $45.6M | $47.4M | $47.8M |
| Total liabilities | $216.3M | $212.6M | $203.0M | $197.2M | $210.4M | $192.8M | $175.3M | $140.0M | $123.1M | $109.9M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $51.7M | $51.2M | $50.1M | $49.1M | $41.9M | $40.8M | $40.4M | $40.0M | $36.2M | $23.9M |
| Retained earnings (deficit) | $12.3M | $7.6M | $4.0M | $544,158 | $39.7M | $35.7M | $30.8M | $27.4M | $24.7M | $24.7M |
| Treasury stock | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Accumulated other comprehensive income | $261,732 | $1.3M | $2.3M | $2.0M | −$1.5M | −$3.4M | −$2.5M | −$871,668 | −$1.2M | −$2.5M |
| Minority interest | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $113.6M | $108.1M | $100.7M | $93.1M | $99.7M | $88.9M | $83.1M | $79.6M | $60.0M | $55.7M |
| Key figures | ||||||||||
| Total debt | $149.0M | $148.6M | $141.2M | $137.0M | $140.5M | $131.3M | $113.2M | $70.3M | $66.4M | $48.2M |
| Net cash (debt) | −$146.6M | −$147.7M | −$139.7M | −$132.1M | −$139.0M | −$131.0M | −$111.6M | −$70.1M | −$66.4M | −$47.5M |
| Working capital | $779,467 | −$3.6M | −$6.1M | $13.2M | −$869,677 | −$2.1M | −$5.2M | −$8.5M | $1.3M | −$13.0M |
| Tangible book value | $113.6M | $108.1M | $100.7M | $93.1M | $99.7M | $88.9M | $83.1M | $79.6M | $60.0M | $55.7M |
| Book value per share | $11.02 | $10.65 | $10.15 | $10.20 | $12.06 | $10.91 | $10.29 | $10.34 | $8.27 | $7.77 |
| Shares outstanding | 10.3M | 10.2M | 9.9M | 9.1M | 8.3M | 8.1M | 8.1M | 7.7M | 7.3M | 7.2M |
| Current ratio | 1.03 | 0.87 | 0.81 | 1.59 | 0.97 | 0.87 | 0.76 | 0.65 | 1.09 | 0.54 |
| Quick ratio | 0.32 | 0.19 | 0.17 | 0.46 | 0.25 | 0.22 | 0.25 | 0.17 | 0.25 | 0.14 |
| Debt / equity | 1.31 | 1.37 | 1.40 | 1.47 | 1.41 | 1.48 | 1.36 | 0.88 | 1.11 | 0.87 |
| Equity / assets | 34.4% | 33.7% | 33.2% | 32.1% | 32.2% | 31.6% | 32.2% | 36.2% | 32.8% | 33.6% |
| 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 | $2.5M | $3.4M | $2.7M | $2.3M | $2.1M | $2.2M | $2.1M | $894,185 | $2.5M | $2.0M | $2.9M | $1.5M |
| Cash & equivalents | $2.5M | $3.4M | $2.7M | $2.3M | $2.1M | $2.2M | $2.1M | $894,185 | $2.5M | $2.0M | $2.9M | $1.5M |
| Short-term investments | — | — | — | — | — | — | — | — | $1.2M | $1.3M | $1.1M | $1.5M |
| Receivables | $6.3M | $13.1M | $16.3M | $4.8M | $6.2M | $13.6M | $15.9M | $4.5M | $5.2M | $9.5M | $13.2M | $4.2M |
| Inventory | $6.3M | $3.7M | $9.0M | $10.1M | $8.0M | $3.9M | $9.7M | $10.3M | $8.9M | $6.7M | $11.6M | $12.9M |
| Other current assets | $6.9M | $5.5M | $4.2M | $6.0M | $5.3M | $6.2M | $8.2M | $9.4M | $8.7M | $10.3M | $7.2M | $8.2M |
| Total current assets | $22.0M | $25.7M | $32.2M | $23.3M | $21.6M | $25.8M | $35.9M | $25.1M | $25.4M | $28.5M | $34.8M | $26.8M |
| Property, plant & equipment (net) | $282.5M | $278.9M | $277.0M | $274.9M | $270.5M | $267.6M | $265.5M | $262.0M | $257.9M | $254.1M | $250.3M | $247.6M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9.2M | $0 |
| Long-term investments | $22.3M | $21.9M | $21.3M | $20.7M | $20.9M | $21.0M | $21.1M | $21.1M | $20.2M | $19.9M | $18.7M | $17.2M |
| Other non-current assets | $12.9M | $10.6M | $10.5M | $10.9M | $11.7M | $12.1M | $12.6M | $12.5M | $10.6M | $10.8M | $1.7M | $12.2M |
| Total assets | $339.7M | $337.1M | $341.0M | $329.8M | $324.8M | $326.4M | $335.2M | $320.7M | $314.2M | $313.4M | $314.7M | $303.7M |
| Liabilities | ||||||||||||
| Accounts payable | $8.5M | $6.0M | $9.4M | $7.1M | $6.7M | $6.0M | $8.6M | $5.4M | $6.8M | $5.4M | $6.1M | $5.8M |
| Short-term debt | $2.9M | $17.9M | $17.9M | $2.9M | $2.5M | $26.6M | $45.2M | $12.0M | $8.0M | $6.7M | $47.1M | $15.3M |
| Deferred revenue | — | $2.7M | $3.6M | $3.4M | $2.5M | $2.4M | $3.5M | $3.4M | $2.7M | $1.7M | $3.5M | $3.4M |
| Total current liabilities | $23.4M | $37.3M | $40.1M | $22.5M | $20.7M | $45.5M | $64.3M | $28.7M | $23.8M | $21.7M | $64.2M | $32.9M |
| Long-term debt | $145.6M | $128.9M | $138.0M | $145.8M | $139.7M | $115.2M | $111.3M | $136.7M | $136.3M | $135.9M | $102.5M | $125.8M |
| Lease obligations | $336,427 | $341,869 | $347,750 | $345,173 | — | — | — | $334,168 | — | $350,946 | — | — |
| Other long-term liabilities | $47.8M | $46.8M | $46.5M | $48.0M | $48.1M | $47.9M | $47.8M | $47.2M | $45.3M | $45.2M | $44.5M | $44.2M |
| Total liabilities | $216.8M | $213.0M | $224.6M | $216.3M | $208.5M | $208.6M | $223.4M | $212.6M | $205.4M | $202.8M | $211.2M | $203.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $52.1M | $52.0M | $51.8M | $51.7M | $51.6M | $51.5M | $51.3M | $51.2M | $51.0M | $50.9M | $50.3M | $50.1M |
| Retained earnings (deficit) | $19.7M | $21.4M | $14.9M | $12.3M | $14.6M | $16.2M | $10.7M | $7.6M | $9.5M | $11.4M | $7.0M | $4.0M |
| Accumulated other comprehensive income | $469,382 | $270,310 | $134,815 | $261,732 | $911,741 | $1.2M | $1.5M | $1.3M | $1.3M | $1.5M | $1.2M | $2.3M |
| Total shareholders' equity | $122.9M | $124.1M | $116.4M | $113.6M | $116.3M | $117.8M | $111.8M | $108.1M | $108.8M | $110.5M | $103.5M | $100.7M |
| Key figures | ||||||||||||
| Total debt | $148.8M | $147.1M | $156.2M | $149.0M | $142.3M | $141.8M | $156.6M | $148.6M | $144.3M | $143.0M | $149.6M | $141.2M |
| Net cash (debt) | −$146.3M | −$143.7M | −$153.5M | −$146.6M | −$140.2M | −$139.7M | −$154.5M | −$147.7M | −$141.8M | −$141.0M | −$146.7M | −$139.7M |
| Working capital | −$1.4M | −$11.6M | −$7.9M | $779,467 | $899,939 | −$19.7M | −$28.4M | −$3.6M | $1.6M | $6.8M | −$29.4M | −$6.1M |
| Tangible book value | $122.9M | $124.1M | $116.4M | $113.6M | $116.3M | $117.8M | $111.8M | $108.1M | $108.8M | $110.5M | $94.3M | $100.7M |
| Book value per share | $11.79 | $11.96 | $11.25 | $10.98 | $11.26 | $11.43 | $10.89 | $10.65 | $10.67 | $10.87 | $10.32 | $10.06 |
| Shares outstanding | 10.4M | 10.4M | 10.4M | 10.3M | 10.3M | 10.3M | 10.3M | 10.2M | 10.2M | 10.2M | 10.0M | 10.0M |
| Current ratio | 0.94 | 0.69 | 0.80 | 1.03 | 1.04 | 0.57 | 0.56 | 0.87 | 1.07 | 1.31 | 0.54 | 0.81 |
| Quick ratio | 0.38 | 0.44 | 0.47 | 0.32 | 0.40 | 0.35 | 0.28 | 0.19 | 0.33 | 0.53 | 0.25 | 0.17 |
| Debt / equity | 1.21 | 1.19 | 1.34 | 1.31 | 1.22 | 1.20 | 1.40 | 1.37 | 1.33 | 1.29 | 1.44 | 1.40 |
| Equity / assets | 36.2% | 36.8% | 34.1% | 34.4% | 35.8% | 36.1% | 33.3% | 33.7% | 34.6% | 35.3% | 32.9% | 33.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 4, 2025); data from EODHD.
RGCO financial position
At the end of fiscal 2025 (September 30, 2025), RGC Resources had total assets of $329.8 million (up 2.9% from a year earlier), total liabilities of $216.3 million and shareholders' equity of $113.6 million. It held $2.3 million in cash and short-term investments against $149.0 million of debt, net debt of $146.6 million. Its current ratio was 1.03. In the latest quarter (ended June 30, 2026) total assets were $339.7 million and equity $122.9 million.
Related: RGCO income statement, RGCO cash flow statement, RGCO key metrics. See the RGCO stock overview for the latest quote and news.
RGCO balance sheet FAQ
What are RGC Resources's total assets?
RGC Resources reported total assets of $329.8 million at the end of fiscal 2025 (September 30, 2025), compared with $320.7 million a year earlier.
How much debt does RGC Resources have?
RGC Resources had $149.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.31.
How much cash does RGC Resources have?
RGC Resources held $2.3 million in cash and short-term investments at the end of fiscal 2025; with $149.0 million of debt that is net debt of $146.6 million.
What is RGC Resources's book value?
RGC Resources's shareholders' equity (book value) was $113.6 million at the end of fiscal 2025, or $11.02 per share.
What is RGC Resources's current ratio?
RGC Resources had current assets of $23.3 million and current liabilities of $22.5 million, a current ratio of 1.03 (it can cover its short-term obligations).