Retractable Technologies, Inc. (RVP) Balance Sheet
RVP balance sheet, 2025
December 31, 2025 · U.S. dollars$142.6M assets = $68.3M liabilities + $74.4M equity
Both columns are drawn to the same scale: what RVP owns equals what it owes plus shareholders’ equity. Hover a block for its value.
RVP financial health
Descriptive bands, not a rating. Fiscal 2025.
RVP balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $38.8M2016 | $142.6M2025 | +15.6%/yr | |
| Total liabilities | $10.7M2016 | $68.3M2025 | +22.9%/yr | |
| Shareholders’ equity | $28.1M2016 | $74.4M2025 | +11.4%/yr | |
| Cash & short-term investments | $16.2M2016 | $37.0M2025 | +9.6%/yr | |
| Total debt | $3.9M2016 | $895,6452025 | −15.1%/yr | |
| Net cash (debt) | $12.3M2016 | $36.1M2025 | +$23.8M | |
| Working capital | $19.5M2016 | $53.5M2025 | +$34.0M | |
| Book value per share | $0.962016 | $2.482025 | +11.2%/yr | |
| Current ratio | 3.722016 | 6.572025 | +2.85 | |
| Debt / equity | 0.142016 | 0.012025 | −0.13 | |
| Shares outstanding | 29.4M2016 | 29.9M2025 | +0.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RVP assets
RVP liabilities and equity
RVP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
RVP balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $37.0M | $44.6M | $47.3M | $49.4M | $42.4M | $25.6M | $13.7M | $10.6M | $14.9M | $16.2M |
| Cash & equivalents | $2.6M | $4.2M | $12.7M | $19.7M | $29.2M | $17.6M | $5.9M | $9.6M | $14.9M | $16.2M |
| Short-term investments | $34.4M | $40.3M | $34.6M | $29.7M | $13.3M | $8.1M | $7.8M | $996,233 | $0 | $0 |
| Receivables | $8.2M | $8.8M | $11.8M | $17.5M | $40.8M | $32.9M | $6.6M | $5.0M | $5.1M | $3.3M |
| Inventory | $17.2M | $19.2M | $17.6M | $20.7M | $20.6M | $10.2M | $7.5M | $7.5M | $6.2M | $7.0M |
| Other current assets | $711,274 | $753,062 | $952,668 | $1.3M | $701,969 | $684,317 | $635,201 | $644,803 | $418,154 | $192,548 |
| Total current assets | $63.1M | $73.3M | $77.6M | $88.8M | $104.5M | $69.5M | $28.4M | $23.8M | $26.6M | $26.7M |
| Property, plant & equipment (net) | $79.2M | $87.3M | $93.5M | $100.2M | $87.9M | $30.8M | $10.7M | $10.9M | $11.4M | $12.1M |
| Goodwill & intangible assets | $0 | $0 | $0 | $17.5M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $50,393 | $2.1M | $188,456 | $0 |
| Other non-current assets | $366,910 | $103,625 | $8.5M | $4.3M | $20.7M | $4.7M | $6.7M | $2,849 | $6,052 | $10,289 |
| Total assets | $142.6M | $160.7M | $179.7M | $210.7M | $213.2M | $105.0M | $45.8M | $36.8M | $38.2M | $38.8M |
| Liabilities | ||||||||||
| Accounts payable | $5.3M | $4.3M | $4.8M | $6.4M | $20.4M | $16.3M | $5.0M | $5.4M | $5.0M | $4.5M |
| Short-term debt | $365,277 | $332,480 | $303,991 | $1.4M | $1.4M | $1.0M | $343,298 | $406,361 | $410,949 | $430,393 |
| Deferred revenue | $352,643 | $376,565 | $201,492 | $435,916 | $2.3M | $1.7M | $998,601 | $860,926 | $355,742 | $692,922 |
| Total current liabilities | $9.6M | $8.8M | $9.4M | $12.1M | $35.3M | $27.9M | $8.3M | $8.5M | $7.9M | $7.2M |
| Long-term debt | $736,540 | $900,040 | $1.2M | $1.5M | $1.8M | $2.7M | $2.4M | $2.6M | $3.1M | $3.5M |
| Other long-term liabilities | $57.9M | $63.9M | $69.8M | $90.5M | $76.8M | $24.5M | $6.7M | $0 | $0 | $0 |
| Total liabilities | $68.3M | $73.6M | $80.4M | $104.2M | $114.0M | $55.1M | $17.3M | $11.2M | $11.0M | $10.7M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | −$12.9M | −$12.9M | $0 | −$12.9M | −$5.3M | $0 | $0 | — | $0 | $0 |
| Retained earnings (deficit) | $13.9M | $26.7M | $38.8M | $46.0M | $41.2M | −$9.7M | −$33.9M | −$37.0M | −$35.7M | −$32.0M |
| Treasury stock | — | — | — | — | −$5.3M | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | — | — | $0 | $12.9M | $5.3M | $0 | −$25.4M | −$24.7M | −$23.8M | −$23.0M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $74.4M | $87.2M | $99.3M | $106.5M | $99.2M | $49.9M | $28.5M | $25.6M | $27.2M | $28.1M |
| Key figures | ||||||||||
| Total debt | $895,645 | $1.2M | $1.5M | $2.9M | $4.2M | $3.7M | $2.7M | $3.0M | $3.5M | $3.9M |
| Net cash (debt) | $36.1M | $43.3M | $45.8M | $46.5M | $38.2M | $21.9M | $11.0M | $7.6M | $11.4M | $12.3M |
| Working capital | $53.5M | $64.5M | $68.3M | $76.7M | $69.2M | $41.6M | $20.1M | $15.3M | $18.7M | $19.5M |
| Tangible book value | $74.4M | $87.2M | $99.3M | $89.1M | $99.2M | $49.9M | $28.5M | $25.6M | $27.2M | $28.1M |
| Book value per share | $2.48 | $2.91 | $3.32 | $3.23 | $2.90 | $1.50 | $0.87 | $0.78 | $0.85 | $0.96 |
| Shares outstanding | 29.9M | 29.9M | 29.9M | 33.0M | 34.2M | 33.3M | 32.7M | 32.7M | 32.0M | 29.4M |
| Current ratio | 6.57 | 8.34 | 8.28 | 7.32 | 2.96 | 2.49 | 3.44 | 2.79 | 3.37 | 3.72 |
| Quick ratio | 4.71 | 6.07 | 6.30 | 5.51 | 2.36 | 2.10 | 2.46 | 1.83 | 2.53 | 2.71 |
| Debt / equity | 0.01 | 0.01 | 0.02 | 0.03 | 0.04 | 0.08 | 0.10 | 0.12 | 0.13 | 0.14 |
| Equity / assets | 52.1% | 54.2% | 55.3% | 50.6% | 46.5% | 47.5% | 62.3% | 69.6% | 71.2% | 72.5% |
| 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 | $39.9M | $35.6M | $37.0M | $33.9M | $33.1M | $35.7M | $44.6M | $36.7M | $41.9M | $46.6M | $47.3M | $44.9M |
| Cash & equivalents | $2.6M | $2.8M | $2.6M | $3.4M | $3.0M | $3.4M | $4.2M | $3.9M | $6.9M | $10.0M | $12.7M | $11.3M |
| Short-term investments | $37.2M | $32.9M | $34.4M | $30.5M | $30.0M | $32.3M | $40.3M | $32.8M | $35.1M | $36.6M | $34.6M | $33.6M |
| Receivables | $9.3M | $7.3M | $8.2M | $9.1M | $8.7M | $6.1M | $8.8M | $9.8M | $5.8M | $8.6M | $11.8M | $9.3M |
| Inventory | $15.9M | $16.4M | $17.2M | $20.4M | $20.4M | $21.2M | $19.2M | $21.3M | $22.0M | $19.5M | $17.6M | $22.5M |
| Other current assets | $782,103 | $622,432 | $711,274 | $691,470 | $744,351 | $719,928 | $753,062 | $968,949 | $877,335 | $1.0M | $952,668 | $1.1M |
| Total current assets | $65.9M | $60.0M | $63.1M | $64.1M | $63.0M | $63.7M | $73.3M | $68.8M | $70.6M | $75.7M | $77.6M | $77.8M |
| Property, plant & equipment (net) | $75.5M | $77.3M | $79.2M | $82.2M | $84.0M | $85.6M | $87.3M | $88.9M | $90.0M | $91.8M | $93.5M | $95.0M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $305,708 | $330,938 | $366,910 | $70,090 | $81,269 | $92,448 | $103,625 | $114,803 | $125,982 | $8.4M | $8.5M | $8.7M |
| Total assets | $141.7M | $137.6M | $142.6M | $146.4M | $147.1M | $149.3M | $160.7M | $157.8M | $160.7M | $176.0M | $179.7M | $181.5M |
| Liabilities | ||||||||||||
| Accounts payable | $6.7M | $5.4M | $5.3M | $4.6M | $4.1M | $4.7M | $4.3M | $3.3M | $3.1M | $2.6M | $4.8M | $3.4M |
| Short-term debt | $378,930 | $481,928 | $365,277 | $365,102 | $349,962 | $343,216 | $332,480 | $325,155 | $323,991 | $311,060 | $303,991 | $297,257 |
| Deferred revenue | — | $394,273 | $352,643 | $871,502 | $750,186 | $1.1M | $376,565 | $379,873 | $300,268 | $485,345 | $201,492 | $286,388 |
| Total current liabilities | $13.4M | $10.4M | $9.6M | $9.6M | $9.0M | $9.5M | $8.8M | $8.0M | $7.4M | $6.9M | $9.4M | $9.3M |
| Long-term debt | $336,991 | $434,118 | $530,370 | $623,610 | $717,530 | $807,390 | $900,040 | $986,750 | $1.1M | $1.2M | $1.2M | $1.3M |
| Lease obligations | $105,437 | $103,613 | — | — | — | — | — | — | — | — | — | — |
| Other long-term liabilities | $55.1M | $56.6M | $58.1M | $59.4M | $60.9M | $62.4M | $63.9M | $65.3M | $66.8M | $68.3M | $69.8M | $71.5M |
| Total liabilities | $68.8M | $67.5M | $68.3M | $69.7M | $70.6M | $72.7M | $73.6M | $74.4M | $75.3M | $76.3M | $80.4M | $82.1M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | −$12.9M | −$12.9M | −$12.9M | −$12.9M | −$12.9M | −$12.9M | −$12.9M | −$12.9M | — | — | — | — |
| Retained earnings (deficit) | $12.4M | $9.6M | $13.9M | $16.3M | $16.0M | $16.1M | $26.7M | $23.0M | $24.9M | $39.2M | $38.8M | $38.9M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | $12.9M | $12.9M | $0 | −$232,445 |
| Total shareholders' equity | $72.9M | $70.1M | $74.4M | $76.8M | $76.5M | $76.6M | $87.2M | $83.5M | $85.4M | $99.7M | $99.3M | $99.4M |
| Key figures | ||||||||||||
| Total debt | $715,921 | $916,046 | $895,645 | $988,707 | $1.1M | $1.2M | $1.2M | $1.3M | $1.4M | $1.5M | $1.5M | $1.6M |
| Net cash (debt) | $39.2M | $34.7M | $36.1M | $33.0M | $32.0M | $34.6M | $43.3M | $35.4M | $40.5M | $45.2M | $45.8M | $43.3M |
| Working capital | $52.6M | $49.5M | $53.5M | $54.5M | $54.0M | $54.2M | $64.5M | $60.7M | $63.1M | $68.8M | $68.3M | $68.5M |
| Tangible book value | $72.9M | $70.1M | $74.4M | $76.8M | $76.5M | $76.6M | $87.2M | $83.5M | $85.4M | $99.7M | $99.3M | $99.4M |
| Book value per share | $2.43 | $2.34 | $2.48 | $2.56 | $2.55 | $2.56 | $2.91 | $2.79 | $2.85 | $3.33 | $3.32 | $3.32 |
| Shares outstanding | 29.9M | 29.9M | 29.9M | 29.9M | 29.9M | 29.9M | 29.9M | 29.9M | 29.9M | 29.9M | 29.9M | 29.9M |
| Current ratio | 4.93 | 5.74 | 6.57 | 6.66 | 7.01 | 6.70 | 8.34 | 8.57 | 9.51 | 11.01 | 8.28 | 8.40 |
| Quick ratio | 3.68 | 4.11 | 4.71 | 4.47 | 4.65 | 4.40 | 6.07 | 5.80 | 6.42 | 8.03 | 6.30 | 5.86 |
| Debt / equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 |
| Equity / assets | 51.4% | 50.9% | 52.1% | 52.4% | 52.0% | 51.3% | 54.2% | 52.9% | 53.2% | 56.6% | 55.3% | 54.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 27, 2026); data from EODHD.
RVP financial position
At the end of fiscal 2025 (December 31, 2025), Retractable Technologies had total assets of $142.6 million (down 11.3% from a year earlier), total liabilities of $68.3 million and shareholders' equity of $74.4 million. It held $37.0 million in cash and short-term investments against $0.9 million of debt, a net cash position of $36.1 million. Its current ratio was 6.57. In the latest quarter (ended June 30, 2026) total assets were $141.7 million and equity $72.9 million.
Related: RVP income statement, RVP cash flow statement, RVP key metrics. See the RVP stock overview for the latest quote and news.
RVP balance sheet FAQ
What are Retractable Technologies's total assets?
Retractable Technologies reported total assets of $142.6 million at the end of fiscal 2025 (December 31, 2025), compared with $160.7 million a year earlier.
How much debt does Retractable Technologies have?
Retractable Technologies had $0.9 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.01.
How much cash does Retractable Technologies have?
Retractable Technologies held $37.0 million in cash and short-term investments at the end of fiscal 2025; with $0.9 million of debt that is net cash of $36.1 million.
What is Retractable Technologies's book value?
Retractable Technologies's shareholders' equity (book value) was $74.4 million at the end of fiscal 2025, or $2.48 per share.
What is Retractable Technologies's current ratio?
Retractable Technologies had current assets of $63.1 million and current liabilities of $9.6 million, a current ratio of 6.57 (it can cover its short-term obligations).