Rocky Mountain Chocolate Factory, Inc. (RMCF) Balance Sheet
RMCF balance sheet, FY2026
February 28, 2026 · U.S. dollars$20.2M assets = $15.0M liabilities + $5.2M equity
Both columns are drawn to the same scale: what RMCF owns equals what it owes plus shareholders’ equity. Hover a block for its value.
RMCF financial health
Descriptive bands, not a rating. Fiscal FY2026.
RMCF balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $29.4MFY2017 | $20.2MFY2026 | −4.1%/yr | |
| Total liabilities | $10.6MFY2017 | $15.0MFY2026 | +3.9%/yr | |
| Shareholders’ equity | $18.8MFY2017 | $5.2MFY2026 | −13.3%/yr | |
| Cash & short-term investments | $5.8MFY2017 | $1.2MFY2026 | −15.9%/yr | |
| Total debt | $3.8MFY2017 | $7.9MFY2026 | +8.4%/yr | |
| Net cash (debt) | $1.9MFY2017 | −$6.7MFY2026 | −$8.6M | |
| Working capital | $7.1MFY2017 | $2.0MFY2026 | −$5.1M | |
| Book value per share | $3.14FY2017 | $0.65FY2026 | −16.1%/yr | |
| Current ratio | 1.88FY2017 | 1.29FY2026 | −0.59 | |
| Debt / equity | 0.20FY2017 | 1.51FY2026 | +1.31 | |
| Shares outstanding | 6.0MFY2017 | 8.1MFY2026 | +3.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RMCF assets
RMCF liabilities and equity
RMCF debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
RMCF balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.2M | $720,000 | $2.1M | $4.7M | $7.6M | $5.6M | $4.8M | $5.4M | $6.1M | $5.8M |
| Cash & equivalents | $1.2M | $720,000 | $2.1M | $4.7M | $7.6M | $5.6M | $4.8M | $5.4M | $6.1M | $5.8M |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $0 |
| Receivables | $2.7M | $3.5M | $2.7M | $2.4M | $2.7M | $2.9M | $4.6M | $4.3M | $4.3M | $4.1M |
| Inventory | $4.1M | $4.6M | $4.4M | $3.6M | $4.3M | $4.1M | $3.8M | $4.3M | $4.8M | $5.0M |
| Other current assets | $831,000 | $393,000 | $443,087 | $423,851 | $461,665 | $213,811 | $409,703 | $318,126 | $310,173 | $256,548 |
| Total current assets | $8.8M | $9.2M | $9.6M | $11.2M | $15.0M | $12.8M | $13.6M | $14.3M | $15.6M | $15.2M |
| Property, plant & equipment (net) | $10.1M | $10.7M | $9.5M | $8.1M | $7.2M | $7.1M | $8.6M | $5.8M | $6.2M | $6.5M |
| Goodwill & intangible assets | $1.3M | $786,000 | $814,000 | $841,535 | $1.0M | $3.6M | $4.6M | $5.2M | $6.1M | $6.5M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $289,515 | $281,669 | $235,983 | $370,769 |
| Other non-current assets | $50,000 | $516,000 | $709,000 | $1.9M | $3.6M | $1.5M | $686,340 | $663,997 | $898,796 | $933,513 |
| Total assets | $20.2M | $21.2M | $20.6M | $22.0M | $26.9M | $25.0M | $27.8M | $26.2M | $28.9M | $29.4M |
| Liabilities | ||||||||||
| Accounts payable | $5.1M | $4.8M | $3.4M | $2.2M | $1.5M | $1.3M | $2.2M | $897,074 | $1.6M | $1.8M |
| Short-term debt | $282,000 | $488,000 | $1.8M | $746,506 | $595,897 | $682,348 | $803,861 | $1.2M | $1.4M | $1.3M |
| Deferred revenue | $759,000 | $788,000 | $775,000 | $754,069 | $746,210 | $812,175 | $805,500 | $998,383 | $3.5M | $3.4M |
| Total current liabilities | $6.8M | $6.9M | $8.1M | $5.0M | $5.3M | $3.8M | $5.6M | $4.7M | $8.2M | $8.1M |
| Long-term debt | $6.6M | $6.0M | $0 | $0 | $0 | $0 | $0 | $0 | $1.2M | $2.5M |
| Lease obligations | $1.3M | $1.3M | $1.7M | $2.4M | $1.8M | $2.0M | $2.7M | — | — | — |
| Other long-term liabilities | $1.6M | $1.4M | $1.9M | $2.6M | $2.2M | $2.2M | $2.9M | $1.1M | $0 | $0 |
| Total liabilities | $15.0M | $14.2M | $9.9M | $7.6M | $7.5M | $6.0M | $8.5M | $5.8M | $9.4M | $10.6M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $9,000 | $8,000 | $6,306 | $6,257 | $6,186 | $6,074 | $6,020 | $5,958 | $6.1M | $5.5M |
| Retained earnings (deficit) | −$9.9M | −$5.4M | $734,149 | $4.9M | $10.6M | $11.0M | $11.9M | $13.7M | $13.4M | $13.3M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | — | — | $0 | $0 | $0 | — | −$12.7M | $0 | $0 | −$12.4M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $5.2M | $7.0M | $10.6M | $14.4M | $19.4M | $19.0M | $19.4M | $20.4M | $19.6M | $18.8M |
| Key figures | ||||||||||
| Total debt | $7.9M | $7.2M | $2.9M | $2.4M | $1.8M | $2.0M | $2.7M | $1.2M | $2.5M | $3.8M |
| Net cash (debt) | −$6.7M | −$6.5M | −$861,986 | $2.3M | $5.8M | $3.7M | $2.1M | $4.2M | $3.5M | $1.9M |
| Working capital | $2.0M | $2.4M | $1.5M | $6.2M | $9.7M | $9.0M | $8.0M | $9.5M | $7.4M | $7.1M |
| Tangible book value | $3.9M | $6.2M | $9.8M | $13.5M | $18.4M | $15.3M | $14.8M | $15.2M | $13.5M | $12.3M |
| Book value per share | $0.65 | $0.99 | $1.69 | $2.31 | $3.16 | $3.13 | $3.09 | $3.41 | $3.27 | $3.14 |
| Shares outstanding | 8.1M | 7.1M | 6.3M | 6.2M | 6.1M | 6.1M | 6.3M | 6.0M | 6.0M | 6.0M |
| Current ratio | 1.29 | 1.34 | 1.19 | 2.24 | 2.82 | 3.38 | 2.43 | 3.01 | 1.90 | 1.88 |
| Quick ratio | 0.57 | 0.61 | 0.59 | 1.43 | 1.93 | 2.25 | 1.69 | 2.04 | 1.27 | 1.23 |
| Debt / equity | 1.51 | 1.03 | 0.28 | 0.17 | 0.09 | 0.10 | 0.14 | 0.06 | 0.13 | 0.20 |
| Equity / assets | 25.9% | 32.9% | 51.7% | 65.4% | 72.2% | 76.0% | 69.6% | 77.8% | 67.6% | 64.0% |
| May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | Aug '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $609,000 | $1.2M | $641,000 | $2.0M | $893,000 | $720,000 | $1.1M | $973,000 | $637,000 | $2.1M | $2.1M | $4.0M |
| Cash & equivalents | $609,000 | $1.2M | $641,000 | $2.0M | $893,000 | $720,000 | $1.1M | $973,000 | $637,000 | $2.1M | $2.1M | $4.0M |
| Receivables | $2.8M | $2.7M | $4.0M | $3.3M | $2.5M | $3.4M | $4.2M | $2.5M | $2.9M | $2.2M | $3.7M | $2.5M |
| Inventory | $3.2M | $4.1M | $4.0M | $4.1M | $4.6M | $4.6M | $5.7M | $6.1M | $4.3M | $4.4M | $3.7M | $3.2M |
| Other current assets | $939,000 | $831,000 | $481,000 | $699,000 | $389,000 | $468,000 | $268,000 | $1.4M | $1.3M | $978,000 | $628,040 | $434,225 |
| Total current assets | $7.5M | $8.8M | $9.1M | $10.2M | $8.4M | $9.2M | $11.3M | $11.0M | $9.2M | $9.6M | $10.1M | $10.1M |
| Property, plant & equipment (net) | $10.4M | $10.1M | $10.2M | $10.8M | $10.4M | $10.7M | $9.4M | $9.2M | $8.3M | $9.5M | $9.5M | $8.5M |
| Goodwill & intangible assets | $1.3M | $1.3M | $766,000 | $773,000 | $779,000 | $786,000 | $791,000 | $800,000 | $807,000 | $814,000 | $820,356 | $827,208 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $47,000 | $50,000 | $647,000 | $542,000 | $572,000 | $516,000 | $150,000 | $152,000 | $729,000 | $709,000 | $876,833 | $1.1M |
| Total assets | $19.3M | $20.2M | $20.7M | $22.3M | $20.1M | $21.2M | $21.6M | $21.1M | $19.0M | $20.6M | $21.3M | $20.5M |
| Liabilities | ||||||||||||
| Accounts payable | $4.6M | $5.1M | $3.5M | $4.7M | $4.2M | $4.8M | $2.1M | $2.7M | $3.2M | $3.4M | $3.3M | $2.4M |
| Short-term debt | $394,000 | $282,000 | $460,000 | $526,000 | $480,000 | — | $494,000 | $3.8M | $2.5M | — | $1.7M | $717,858 |
| Deferred revenue | $761,000 | $105,000 | $103,000 | $135,000 | $785,000 | — | $768,000 | $835,000 | $773,000 | — | $534,975 | $729,485 |
| Total current liabilities | $6.7M | $6.8M | $5.5M | $6.7M | $6.2M | $6.9M | $4.3M | $8.9M | $8.4M | $8.1M | $7.1M | $5.6M |
| Long-term debt | $6.6M | $6.6M | $7.8M | $7.8M | $6.0M | $6.0M | $6.0M | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $1.7M | $1.3M | $1.5M | $1.7M | $1.1M | $1.3M | $1.4M | $1.5M | $1.5M | $1.7M | $1.9M | $2.1M |
| Other long-term liabilities | $1.9M | $1.6M | $1.5M | $1.7M | $1.2M | $1.4M | $1.5M | $1.8M | $1.6M | $1.9M | $1.9M | $2.1M |
| Total liabilities | $15.1M | $15.0M | $14.7M | $16.1M | $13.4M | $14.2M | $11.8M | $10.6M | $10.0M | $9.9M | $9.0M | $7.7M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $9,000 | $9,000 | $8,000 | $8,000 | $8,000 | — | $8,000 | $8,000 | $6,000 | — | $6,304 | $6,300 |
| Retained earnings (deficit) | −$11.1M | −$9.9M | −$6.5M | −$6.4M | −$5.7M | −$5.4M | −$2.5M | −$1.6M | −$924,000 | $734,000 | $2.3M | $3.1M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | $0 | — | $0 | $0 |
| Total shareholders' equity | $4.1M | $5.2M | $6.0M | $6.1M | $6.7M | $7.0M | $9.8M | $10.5M | $9.0M | $10.6M | $12.3M | $12.9M |
| Key figures | ||||||||||||
| Total debt | $8.3M | $7.9M | $9.2M | $9.4M | $7.1M | $6.0M | $7.4M | $4.9M | $3.5M | — | $2.9M | $2.1M |
| Net cash (debt) | −$7.7M | −$6.7M | −$8.6M | −$7.4M | −$6.2M | −$5.2M | −$6.3M | −$3.9M | −$2.8M | — | −$788,428 | $1.9M |
| Working capital | $863,000 | $2.0M | $3.6M | $3.5M | $2.2M | $2.4M | $6.9M | $2.1M | $801,000 | $1.5M | $3.0M | $4.5M |
| Tangible book value | $2.9M | $3.9M | $5.2M | $5.4M | $6.0M | $6.2M | $9.0M | $9.7M | $8.2M | $9.8M | $11.5M | $12.0M |
| Book value per share | $0.44 | $0.64 | $0.77 | $0.79 | $0.87 | $0.90 | $1.29 | $1.57 | $1.43 | $1.69 | $1.95 | $2.05 |
| Shares outstanding | 9.4M | 8.2M | 7.8M | 7.8M | 7.7M | 7.7M | 7.6M | 6.7M | 6.3M | 6.3M | 6.3M | 6.3M |
| Current ratio | 1.13 | 1.29 | 1.66 | 1.53 | 1.36 | 1.34 | 2.60 | 1.24 | 1.10 | 1.19 | 1.42 | 1.81 |
| Quick ratio | 0.51 | 0.57 | 0.85 | 0.80 | 0.55 | 0.60 | 1.22 | 0.40 | 0.43 | 0.53 | 0.82 | 1.15 |
| Debt / equity | 2.00 | 1.51 | 1.54 | 1.54 | 1.05 | 0.85 | 0.75 | 0.47 | 0.39 | — | 0.23 | 0.16 |
| Equity / assets | 21.5% | 25.9% | 29.0% | 27.5% | 33.5% | 32.9% | 45.5% | 49.8% | 47.4% | 51.7% | 57.7% | 62.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed May 29, 2026); data from EODHD.
RMCF financial position
At the end of fiscal 2026 (February 28, 2026), Rocky Mountain Chocolate Factory had total assets of $20.2 million (down 4.5% from a year earlier), total liabilities of $15.0 million and shareholders' equity of $5.2 million. It held $1.2 million in cash and short-term investments against $7.9 million of debt, net debt of $6.7 million. Its current ratio was 1.29. In the latest quarter (ended May 31, 2026) total assets were $19.3 million and equity $4.1 million.
Related: RMCF income statement, RMCF cash flow statement, RMCF key metrics. See the RMCF stock overview for the latest quote and news.
RMCF balance sheet FAQ
What are Rocky Mountain Chocolate Factory's total assets?
Rocky Mountain Chocolate Factory reported total assets of $20.2 million at the end of fiscal 2026 (February 28, 2026), compared with $21.2 million a year earlier.
How much debt does Rocky Mountain Chocolate Factory have?
Rocky Mountain Chocolate Factory had $7.9 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.51.
How much cash does Rocky Mountain Chocolate Factory have?
Rocky Mountain Chocolate Factory held $1.2 million in cash and short-term investments at the end of fiscal 2026; with $7.9 million of debt that is net debt of $6.7 million.
What is Rocky Mountain Chocolate Factory's book value?
Rocky Mountain Chocolate Factory's shareholders' equity (book value) was $5.2 million at the end of fiscal 2026, or $0.65 per share.
What is Rocky Mountain Chocolate Factory's current ratio?
Rocky Mountain Chocolate Factory had current assets of $8.8 million and current liabilities of $6.8 million, a current ratio of 1.29 (it can cover its short-term obligations).
How much goodwill does Rocky Mountain Chocolate Factory have?
Rocky Mountain Chocolate Factory carried $1.3 million of goodwill and intangible assets, 6.5% of total assets, at the end of fiscal 2026.