United-Guardian, Inc. (UG) Balance Sheet
UG balance sheet, 2025
December 31, 2025 · U.S. dollars$13.1M assets = $1.9M liabilities + $11.2M equity
Both columns are drawn to the same scale: what UG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
UG financial health
Current ratio7.31
Comfortable · current assets cover current liabilities 7.31×
Equity / assets85.7%
Equity-funded · of assets funded by shareholders
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
UG balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $15.1M2016 | $13.1M2025 | −1.6%/yr | |
| Total liabilities | $1.3M2016 | $1.9M2025 | +4.2%/yr | |
| Shareholders’ equity | $13.8M2016 | $11.2M2025 | −2.3%/yr | |
| Cash & short-term investments | $10.6M2016 | $8.6M2025 | −2.4%/yr | |
| Working capital | $12.9M2016 | $10.5M2025 | −$2.4M | |
| Book value per share | $3.012016 | $2.442025 | −2.3%/yr | |
| Current ratio | 13.362016 | 7.312025 | −6.05 | |
| Shares outstanding | 4.6M2016 | 4.6M2025 | 0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
UG assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
UG liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
UG debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
UG balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $8.6M | $9.4M | $9.1M | $6.5M | $8.2M | $8.2M | $7.9M | $8.2M | $8.4M | $10.6M |
| Cash & equivalents | $1.3M | $1.9M | $8.2M | $830,452 | $531,213 | $591,444 | $1.0M | $550,135 | $724,721 | $424,301 |
| Short-term investments | $7.3M | $7.5M | $851,318 | $5.7M | $7.6M | $7.6M | $6.9M | $7.6M | $7.7M | $10.2M |
| Receivables | $1.6M | $1.4M | $1.6M | $1.4M | $1.8M | $1.4M | $2.1M | $1.7M | $1.9M | $1.6M |
| Inventory | $1.5M | $1.5M | $1.2M | $1.7M | $1.4M | $1.4M | $1.2M | $1.5M | $1.3M | $1.3M |
| Other current assets | $533,002 | $386,821 | $367,928 | $387,074 | $192,579 | $260,315 | $335,766 | $360,051 | $158,295 | $472,569 |
| Total current assets | $12.2M | $12.7M | $12.3M | $10.0M | $11.6M | $11.2M | $11.6M | $11.7M | $11.9M | $14.0M |
| Property, plant & equipment (net) | $907,182 | $956,387 | $619,195 | $559,161 | $658,862 | $673,665 | $780,707 | $827,925 | $942,887 | $1.1M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $29,648 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $175,397 | $50,930 | $110,544 | $0 | $0 | $0 | $29,647 | $59,471 | $59,295 |
| Total assets | $13.1M | $13.8M | $12.9M | $10.6M | $12.2M | $11.9M | $12.4M | $12.5M | $12.9M | $15.1M |
| Liabilities | ||||||||||
| Accounts payable | $480,791 | $425,003 | $134,449 | $30,415 | $410,894 | $31,800 | $71,385 | $186,797 | $354,285 | $82,821 |
| Short-term debt | — | — | $21,265 | — | — | — | — | — | — | — |
| Deferred revenue | $12,177 | — | $15,498 | — | $190,164 | — | — | — | — | — |
| Total current liabilities | $1.7M | $1.9M | $1.5M | $1.4M | $2.3M | $1.4M | $1.3M | $1.4M | $1.4M | $1.0M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $207,246 | $436,202 | $435,713 | $391,262 | $83,222 | $151,684 | $386,855 | $253,583 | $33,855 | $252,135 |
| Total liabilities | $1.9M | $1.9M | $1.5M | $1.4M | $2.4M | $1.6M | $1.7M | $1.6M | $1.5M | $1.3M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $459,432 | $459,432 | $459,432 | $459,432 | $459,432 | $459,432 | $459,432 | $459,432 | $459,432 | $459,432 |
| Retained earnings (deficit) | $10.8M | $11.4M | $10.9M | $8.8M | $9.4M | $9.9M | $10.2M | $10.5M | $10.5M | $13.2M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | — | — | — | — | — | — | $0 | −$6.4M | $466,025 | $175,634 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $11.2M | $11.9M | $11.4M | $9.3M | $9.8M | $10.4M | $10.6M | $10.9M | $11.4M | $13.8M |
| Key figures | ||||||||||
| Total debt | — | — | $21,265 | — | — | — | — | — | — | — |
| Net cash (debt) | — | — | $9.1M | — | — | — | — | — | — | — |
| Working capital | $10.5M | $10.8M | $10.7M | $8.6M | $9.2M | $9.8M | $10.2M | $10.3M | $10.4M | $12.9M |
| Tangible book value | $11.2M | $11.9M | $11.4M | $9.3M | $9.8M | $10.4M | $10.6M | $10.9M | $11.4M | $13.8M |
| Book value per share | $2.44 | $2.59 | $2.48 | $2.02 | $2.14 | $2.25 | $2.31 | $2.38 | $2.48 | $3.01 |
| Shares outstanding | 4.6M | 4.6M | 4.6M | 4.6M | 4.6M | 4.6M | 4.6M | 4.6M | 4.6M | 4.6M |
| Current ratio | 7.31 | 6.62 | 7.99 | 7.26 | 4.95 | 7.95 | 8.61 | 8.55 | 8.33 | 13.36 |
| Quick ratio | 6.09 | 5.66 | 6.95 | 5.76 | 4.27 | 6.77 | 7.46 | 7.21 | 7.28 | 11.70 |
| Debt / equity | — | — | 0.00 | — | — | — | — | — | — | — |
| Equity / assets | 85.7% | 86.1% | 88.1% | 87.1% | 80.2% | 86.9% | 86.0% | 87.1% | 88.7% | 91.4% |
| 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 | $8.9M | $8.0M | $8.6M | $8.3M | $8.4M | $8.1M | $9.4M | $9.5M | $9.9M | $8.6M | $9.1M | $8.0M |
| Cash & equivalents | $1.6M | $735,854 | $1.3M | $860,836 | $1.8M | $1.3M | $1.9M | $2.4M | $8.4M | $7.1M | $8.2M | $7.1M |
| Short-term investments | $7.3M | $7.3M | $7.3M | $7.4M | $6.7M | $6.9M | $7.5M | $7.1M | $1.5M | $1.5M | $851,318 | $928,847 |
| Receivables | $2.0M | $2.0M | $1.6M | $1.2M | $1.9M | $1.6M | $1.4M | $1.5M | $1.7M | $2.1M | $1.6M | $1.8M |
| Inventory | $1.3M | $1.3M | $1.5M | $1.4M | $1.5M | $1.5M | $1.5M | $1.2M | $1.2M | $1.3M | $1.2M | $1.2M |
| Other current assets | $446,349 | $446,349 | $533,002 | $371,895 | $606,492 | $515,067 | $386,821 | $302,693 | $434,551 | $408,535 | $367,928 | $526,335 |
| Total current assets | $12.7M | $11.8M | $12.2M | $11.2M | $12.5M | $11.7M | $12.7M | $12.5M | $13.1M | $12.4M | $12.3M | $11.6M |
| Property, plant & equipment (net) | $888,060 | $888,060 | $907,182 | $8.2M | $927,424 | $934,965 | $956,387 | $667,548 | $658,668 | $617,440 | $619,195 | $557,142 |
| 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 | $0 | $0 | $0 | $0 | $0 | $137,006 | $175,397 | $102,193 | $33,502 | $0 | $50,930 | $0 |
| Total assets | $13.6M | $12.7M | $13.1M | $12.2M | $13.4M | $12.8M | $13.8M | $13.3M | $13.8M | $13.0M | $12.9M | $12.2M |
| Liabilities | ||||||||||||
| Accounts payable | $499,754 | $114,544 | $480,791 | $244,964 | $415,608 | $378,250 | $425,003 | $513,204 | $336,879 | $418,650 | $134,449 | $166,199 |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | $21,265 | — |
| Deferred revenue | $8,135 | $25,641 | $12,177 | — | $128,632 | — | — | — | — | — | $15,498 | — |
| Total current liabilities | $1.7M | $1.5M | $1.7M | $1.6M | $1.9M | $1.9M | $1.9M | $1.9M | $1.7M | $1.9M | $1.5M | $1.5M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $224,351 | $330,482 | $207,246 | $0 | $78,306 | $0 | $436,202 | $0 | $0 | $19,639 | $435,713 | $48,000 |
| Total liabilities | $2.0M | $1.8M | $1.9M | $1.6M | $1.9M | $1.9M | $1.9M | $1.9M | $1.7M | $1.9M | $1.5M | $1.5M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $459,432 | $459,432 | $459,432 | $459,432 | $459,432 | $459,432 | $459,432 | $459,432 | $459,432 | $459,432 | $459,432 | $459,432 |
| Retained earnings (deficit) | $11.2M | $10.4M | $10.8M | $10.1M | $11.0M | $10.4M | $11.4M | $10.9M | $11.7M | $10.7M | $10.9M | $10.2M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | $0 | $0 | — | — |
| Total shareholders' equity | $11.6M | $10.9M | $11.2M | $10.6M | $11.5M | $10.8M | $11.9M | $11.4M | $12.1M | $11.2M | $11.4M | $10.7M |
| Key figures | ||||||||||||
| Total debt | — | — | — | — | — | — | — | — | — | — | $21,265 | — |
| Net cash (debt) | — | — | — | — | — | — | — | — | — | — | $9.1M | — |
| Working capital | $11.0M | $10.3M | $10.5M | $9.6M | $10.6M | $9.8M | $10.8M | $10.6M | $11.4M | $10.6M | $10.7M | $10.1M |
| Tangible book value | $11.6M | $10.9M | $11.2M | $10.6M | $11.5M | $10.8M | $11.9M | $11.4M | $12.1M | $11.2M | $11.4M | $10.7M |
| Book value per share | $2.53 | $2.37 | $2.44 | $2.30 | $2.49 | $2.36 | $2.59 | $2.48 | $2.64 | $2.43 | $2.48 | $2.32 |
| Shares outstanding | 4.6M | 4.6M | 4.6M | 4.6M | 4.6M | 4.6M | 4.6M | 4.6M | 4.6M | 4.6M | 4.6M | 4.6M |
| Current ratio | 7.31 | 8.05 | 7.31 | 7.04 | 6.73 | 6.07 | 6.62 | 6.66 | 7.67 | 6.67 | 7.99 | 7.88 |
| Quick ratio | 6.30 | 6.85 | 6.09 | 5.92 | 5.57 | 5.02 | 5.66 | 5.86 | 6.73 | 5.77 | 6.95 | 6.69 |
| Debt / equity | — | — | — | — | — | — | — | — | — | — | 0.00 | — |
| Equity / assets | 85.6% | 85.8% | 85.7% | 86.9% | 85.6% | 84.9% | 86.1% | 85.9% | 87.6% | 85.6% | 88.1% | 87.5% |
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.
UG financial position
At the end of fiscal 2025 (December 31, 2025), United-Guardian had total assets of $13.1 million (down 5.0% from a year earlier), total liabilities of $1.9 million and shareholders' equity of $11.2 million. Its current ratio was 7.31. In the latest quarter (ended June 30, 2026) total assets were $13.6 million and equity $11.6 million.
Related: UG income statement, UG cash flow statement, UG key metrics. See the UG stock overview for the latest quote and news.
UG balance sheet FAQ
What are United-Guardian's total assets?
United-Guardian reported total assets of $13.1 million at the end of fiscal 2025 (December 31, 2025), compared with $13.8 million a year earlier.
How much cash does United-Guardian have?
United-Guardian held $8.6 million in cash and short-term investments at the end of fiscal 2025.
What is United-Guardian's book value?
United-Guardian's shareholders' equity (book value) was $11.2 million at the end of fiscal 2025, or $2.44 per share.
What is United-Guardian's current ratio?
United-Guardian had current assets of $12.2 million and current liabilities of $1.7 million, a current ratio of 7.31 (it can cover its short-term obligations).