Stran & Company, Inc (SWAG) Balance Sheet
SWAG balance sheet, 2025
December 31, 2025 · U.S. dollars$49.3M assets = $18.8M liabilities + $30.5M equity
Both columns are drawn to the same scale: what SWAG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SWAG financial health
Descriptive bands, not a rating. Fiscal 2025.
SWAG balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $12.1M2019 | $49.3M2025 | +26.4%/yr | |
| Total liabilities | $11.5M2019 | $18.8M2025 | +8.6%/yr | |
| Shareholders’ equity | $598,5742019 | $30.5M2025 | +92.5%/yr | |
| Cash & short-term investments | $2.4M2019 | $11.6M2025 | +29.7%/yr | |
| Total debt | $3.8M2019 | $2.7M2025 | −5.5%/yr | |
| Net cash (debt) | −$1.4M2019 | $8.9M2025 | +$10.3M | |
| Working capital | −$178,1312019 | $22.1M2025 | +$22.3M | |
| Book value per share | $0.042019 | $1.652025 | +86.0%/yr | |
| Current ratio | 0.982019 | 2.342025 | +1.36 | |
| Debt / equity | 6.372019 | 0.092025 | −6.28 | |
| Shares outstanding | 15.0M2019 | 18.5M2025 | +3.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SWAG assets
SWAG liabilities and equity
SWAG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SWAG balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $11.6M | $18.2M | $18.5M | $25.0M | $32.2M | $647,235 | $2.4M |
| Cash & equivalents | $6.8M | $9.4M | $8.1M | $15.3M | $32.2M | $647,235 | $2.4M |
| Short-term investments | $4.9M | $8.9M | $10.4M | $9.8M | $299,411 | — | — |
| Receivables | $17.3M | $18.7M | $17.1M | $14.4M | $9.0M | $5.7M | $5.1M |
| Inventory | $7.6M | $5.4M | $4.8M | $6.9M | $5.2M | $2.5M | $1.9M |
| Other current assets | $2.1M | $3.2M | $2.7M | $2.2M | $1.1M | $447,443 | $523,601 |
| Total current assets | $38.6M | $45.5M | $43.0M | $48.6M | $47.6M | $9.3M | $10.0M |
| Property, plant & equipment (net) | $4.0M | $2.5M | $2.9M | $1.8M | $1.7M | $1.8M | $2.1M |
| Goodwill & intangible assets | $6.0M | $7.1M | $3.1M | $13.0M | $1.9M | $2.2M | $0 |
| Long-term investments | $0 | $0 | $0 | $7.4M | $0 | $0 | $0 |
| Other non-current assets | $707,000 | $23,000 | $23,000 | $0 | $0 | $6,748 | $0 |
| Total assets | $49.3M | $55.1M | $49.0M | $56.6M | $51.2M | $13.3M | $12.1M |
| Liabilities | |||||||
| Accounts payable | $7.0M | $6.4M | $3.2M | $4.1M | $2.1M | $3.3M | $4.2M |
| Short-term debt | $832,000 | $1.1M | $528,000 | $486,952 | $472,453 | $2.3M | $2.5M |
| Deferred revenue | $3.2M | $4.4M | $1.1M | $633,148 | $721,608 | $564,227 | $362,951 |
| Total current liabilities | $16.5M | $22.2M | $11.2M | $14.0M | $7.8M | $8.0M | $10.2M |
| Long-term debt | $47,000 | $0 | $0 | $60.9M | $0 | $766,829 | $38,207 |
| Lease obligations | $2.3M | $798,000 | $1.3M | $784,683 | $1.1M | $1.4M | $1.6M |
| Other long-term liabilities | $2.3M | $1.3M | $2.2M | $0 | $1.8M | $2.9M | $1.3M |
| Total liabilities | $18.8M | $23.5M | $13.4M | $17.3M | $9.6M | $11.7M | $11.5M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $2,000 | $2,000 | $2,000 | $1,848 | $1,976 | $100 | $100 |
| Retained earnings (deficit) | −$7.5M | −$6.7M | −$2.6M | $1.1M | $1.9M | $1.6M | $598,474 |
| Accumulated other comprehensive income | $63,000 | −$10,000 | −$13,000 | −$179,000 | $0 | — | $0 |
| Total shareholders' equity | $30.5M | $31.6M | $35.6M | $39.4M | $41.6M | $1.6M | $598,574 |
| Key figures | |||||||
| Total debt | $2.7M | $1.5M | $1.3M | $61.3M | $1.3M | $4.1M | $3.8M |
| Net cash (debt) | $8.9M | $16.7M | $17.1M | −$36.3M | $31.0M | −$3.4M | −$1.4M |
| Working capital | $22.1M | $23.3M | $31.9M | $34.6M | $39.7M | $1.3M | −$178,131 |
| Tangible book value | $24.5M | $24.5M | $32.5M | $26.3M | $39.7M | −$588,374 | $598,574 |
| Book value per share | $1.65 | $1.70 | $1.92 | $2.05 | $1.98 | $0.11 | $0.04 |
| Shares outstanding | 18.5M | 18.6M | 18.5M | 19.2M | 21.0M | 15.0M | 15.0M |
| Current ratio | 2.34 | 2.05 | 3.85 | 3.48 | 6.07 | 1.16 | 0.98 |
| Quick ratio | 1.75 | 1.66 | 3.18 | 2.83 | 5.26 | 0.79 | 0.74 |
| Debt / equity | 0.09 | 0.05 | 0.04 | 1.56 | 0.03 | 2.51 | 6.37 |
| Equity / assets | 61.8% | 57.4% | 72.7% | 69.5% | 81.3% | 12.2% | 4.9% |
| 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 | $12.6M | $12.8M | $11.6M | $11.8M | $18.1M | $12.2M | $17.0M | $17.0M | $21.5M | $20.2M | $18.5M | $19.7M |
| Cash & equivalents | $7.4M | $7.6M | $6.8M | $6.7M | $13.1M | $4.2M | $10.0M | $10.0M | $11.9M | $9.5M | $8.1M | $9.4M |
| Short-term investments | $5.2M | $5.1M | $4.9M | $5.1M | $5.0M | $7.9M | $6.9M | $6.9M | $9.6M | $10.7M | $10.4M | $10.3M |
| Receivables | $20.3M | $17.4M | $17.3M | $17.0M | $22.5M | $18.7M | $14.8M | $14.8M | $12.8M | $15.1M | $17.1M | $16.5M |
| Inventory | $10.8M | $8.6M | $7.6M | $7.7M | $6.7M | $7.7M | $4.8M | $4.8M | $4.0M | $4.2M | $4.8M | $6.9M |
| Other current assets | $3.4M | $4.2M | $2.1M | $2.8M | $2.9M | $3.7M | $2.1M | $2.1M | $2.6M | $2.5M | $2.7M | $5.1M |
| Total current assets | $47.0M | $42.9M | $38.6M | $39.3M | $50.1M | $42.2M | $38.6M | $38.6M | $40.9M | $42.0M | $43.0M | $48.2M |
| Property, plant & equipment (net) | $3.4M | $3.7M | $4.0M | $4.1M | $4.0M | $2.9M | $2.7M | $2.7M | $2.8M | $2.9M | $2.9M | $2.8M |
| Goodwill & intangible assets | $6.4M | $6.5M | $6.0M | $6.8M | $6.9M | $7.0M | $7.5M | $7.5M | $2.9M | $3.0M | $3.1M | $10.3M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $707,000 | $0 | $222,000 | $0 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $0 |
| Total assets | $56.9M | $53.2M | $49.3M | $50.3M | $61.2M | $52.2M | $48.8M | $48.8M | $46.6M | $47.9M | $49.0M | $61.3M |
| Liabilities | ||||||||||||
| Accounts payable | $11.2M | $10.0M | $7.0M | $5.4M | $7.5M | $6.5M | $4.7M | $4.7M | $3.0M | $2.0M | $3.2M | $4.1M |
| Short-term debt | $611,000 | $807,000 | $832,000 | $785,000 | $661,000 | $455,000 | $443,000 | — | — | — | $528,000 | $460,464 |
| Deferred revenue | $6.1M | $5.5M | $3.2M | $4.2M | $4.8M | $6.4M | $3.0M | — | — | — | $1.1M | $4.3M |
| Total current liabilities | $23.9M | $19.6M | $16.5M | $17.3M | $26.6M | $19.2M | $14.9M | $14.9M | $10.7M | $10.6M | $11.2M | $16.9M |
| Long-term debt | $5,000 | $45,000 | $47,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $2.0M | $2.2M | $2.3M | $2.5M | $2.5M | $1.2M | $798,000 | $934,000 | $1.1M | $1.2M | $1.3M | $1.3M |
| Other long-term liabilities | $1.4M | $2.2M | $2.3M | $2.7M | $2.8M | $1.7M | $1.6M | $1.6M | $1.7M | $2.1M | $2.2M | $5.7M |
| Total liabilities | $25.4M | $21.8M | $18.8M | $20.1M | $29.4M | $20.9M | $16.5M | $16.5M | $12.3M | $12.7M | $13.4M | $22.7M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | — | — | — | $2,000 | $1,853 |
| Retained earnings (deficit) | −$6.4M | −$6.7M | −$7.5M | −$7.7M | −$6.5M | −$7.1M | −$6.2M | −$6.2M | −$4.1M | −$3.1M | −$2.6M | $235,294 |
| Accumulated other comprehensive income | $55,000 | $61,000 | $63,000 | $24,000 | $38,000 | $5,000 | $21,000 | — | — | — | −$13,000 | $0 |
| Total shareholders' equity | $31.5M | $31.4M | $30.5M | $30.2M | $31.8M | $31.3M | $32.3M | $32.3M | $34.3M | $35.2M | $35.6M | $38.6M |
| Key figures | ||||||||||||
| Total debt | $2.0M | $2.6M | $2.7M | $3.0M | $2.5M | $1.2M | $934,000 | — | — | — | $1.3M | $1.3M |
| Net cash (debt) | $10.6M | $10.2M | $8.9M | $8.7M | $15.5M | $10.9M | $16.0M | — | — | — | $17.1M | $18.4M |
| Working capital | $23.1M | $23.4M | $22.1M | $22.0M | $23.5M | $23.0M | $23.7M | $23.7M | $30.2M | $31.4M | $31.9M | $31.3M |
| Tangible book value | $25.0M | $24.9M | $24.5M | $23.4M | $24.9M | $24.3M | $24.8M | $24.8M | $31.3M | $32.2M | $32.5M | $28.3M |
| Book value per share | $1.68 | $1.68 | $1.65 | $1.64 | $1.71 | $1.68 | $1.74 | $1.74 | $1.84 | $1.90 | $1.92 | $2.09 |
| Shares outstanding | 18.8M | 18.7M | 18.5M | 18.4M | 18.6M | 18.6M | 18.6M | 18.6M | 18.6M | 18.6M | 18.5M | 18.5M |
| Current ratio | 1.96 | 2.20 | 2.34 | 2.27 | 1.88 | 2.20 | 2.59 | 2.59 | 3.83 | 3.95 | 3.85 | 2.85 |
| Quick ratio | 1.37 | 1.54 | 1.75 | 1.66 | 1.52 | 1.61 | 2.13 | 2.13 | 3.22 | 3.32 | 3.18 | 2.14 |
| Debt / equity | 0.06 | 0.08 | 0.09 | 0.10 | 0.08 | 0.04 | 0.03 | — | — | — | 0.04 | 0.03 |
| Equity / assets | 55.4% | 59.1% | 61.8% | 60.1% | 52.0% | 59.9% | 66.2% | 66.2% | 73.6% | 73.5% | 72.7% | 63.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 25, 2026); data from EODHD.
SWAG financial position
At the end of fiscal 2025 (December 31, 2025), Stran & had total assets of $49.3 million (down 10.5% from a year earlier), total liabilities of $18.8 million and shareholders' equity of $30.5 million. It held $11.6 million in cash and short-term investments against $2.7 million of debt, a net cash position of $8.9 million. Its current ratio was 2.34. In the latest quarter (ended June 30, 2026) total assets were $56.9 million and equity $31.5 million.
Related: SWAG income statement, SWAG cash flow statement, SWAG key metrics. See the SWAG stock overview for the latest quote and news.
SWAG balance sheet FAQ
What are Stran &'s total assets?
Stran & reported total assets of $49.3 million at the end of fiscal 2025 (December 31, 2025), compared with $55.1 million a year earlier.
How much debt does Stran & have?
Stran & had $2.7 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.09.
How much cash does Stran & have?
Stran & held $11.6 million in cash and short-term investments at the end of fiscal 2025; with $2.7 million of debt that is net cash of $8.9 million.
What is Stran &'s book value?
Stran &'s shareholders' equity (book value) was $30.5 million at the end of fiscal 2025, or $1.65 per share.
What is Stran &'s current ratio?
Stran & had current assets of $38.6 million and current liabilities of $16.5 million, a current ratio of 2.34 (it can cover its short-term obligations).
How much goodwill does Stran & have?
Stran & carried $6.0 million of goodwill and intangible assets, 12.2% of total assets, at the end of fiscal 2025.