Twin Vee Powercats Co. (VEEE) Balance Sheet
VEEE balance sheet, 2025
December 31, 2025 · U.S. dollars$16.2M assets = $2.8M liabilities + $13.5M equity
Both columns are drawn to the same scale: what VEEE owns equals what it owes plus shareholders’ equity. Hover a block for its value.
VEEE financial health
Descriptive bands, not a rating. Fiscal 2025.
VEEE balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.3M2019 | $16.2M2025 | +38.9%/yr | |
| Total liabilities | $2.1M2019 | $2.8M2025 | +4.4%/yr | |
| Shareholders’ equity | $115,6072019 | $13.5M2025 | +121.0%/yr | |
| Cash & short-term investments | $215,5742019 | $1.4M2025 | +37.1%/yr | |
| Total debt | $971,2602019 | $541,5432025 | −9.3%/yr | |
| Net cash (debt) | −$755,6862019 | $890,0352025 | +$1.6M | |
| Working capital | −$684,8712019 | $2.7M2025 | +$3.3M | |
| Current ratio | 0.582019 | 2.182025 | +1.61 | |
| Debt / equity | 8.402019 | 0.042025 | −8.36 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
VEEE assets
VEEE liabilities and equity
VEEE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
VEEE balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $1.4M | $7.5M | $21.0M | $25.0M | $10.0M | $891,816 | $215,574 |
| Cash & equivalents | $1.4M | $7.5M | $16.5M | $23.5M | $7.0M | $891,816 | $215,574 |
| Short-term investments | — | $0 | $4.5M | $1.5M | $3.0M | $0 | — |
| Receivables | $531,250 | $0 | $80,160 | $14,167 | $292,059 | $6,100 | $0 |
| Inventory | $2.5M | $2.5M | $4.9M | $4.0M | $1.8M | $936,676 | $704,156 |
| Other current assets | $441,648 | $411,258 | $720,752 | $882,417 | $1.0M | $350 | $12,196 |
| Total current assets | $4.9M | $10.4M | $26.6M | $29.9M | $13.1M | $1.8M | $931,926 |
| Property, plant & equipment (net) | $8.3M | $15.4M | $13.1M | $6.9M | $4.4M | $2.6M | $1.3M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $1.4M | $3.1M | $0 | $0 |
| Other non-current assets | $3.0M | $40,280 | $51,417 | $32,517 | $25,000 | $25,000 | $0 |
| Total assets | $16.2M | $25.9M | $39.8M | $38.2M | $20.6M | $4.5M | $2.3M |
| Liabilities | |||||||
| Accounts payable | $1.1M | $2.2M | $2.4M | $2.1M | $1.2M | $799,280 | $863,642 |
| Short-term debt | $19,498 | $658,659 | $697,612 | $479,314 | $368,602 | $323,224 | $445,760 |
| Deferred revenue | $395,932 | $80,000 | $44,195 | $5,300 | $14,100 | $6,784 | $71,502 |
| Total current liabilities | $2.2M | $3.7M | $4.2M | $3.8M | $2.2M | $1.4M | $1.6M |
| Long-term debt | $499,900 | $499,900 | $499,900 | $499,900 | $499,900 | $499,900 | $525,500 |
| Lease obligations | $41,643 | $3.1M | $3.8M | $1.4M | $1.6M | $1.3M | $445,760 |
| Other long-term liabilities | $22,145 | $2.4M | $3.1M | $919,628 | $1.2M | $1.0M | $0 |
| Total liabilities | $2.8M | $6.7M | $7.8M | $5.2M | $3.9M | $3.0M | $2.1M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $2,237 | $14,874 | $9,520 | $9,520 | $7,000 | $4,000 | $4,000 |
| Retained earnings (deficit) | −$34.0M | −$25.4M | −$14.3M | −$7.2M | −$2.0M | −$1.0M | −$2.2M |
| Accumulated other comprehensive income | — | — | $0 | $0 | $0 | −$286,877 | $0 |
| Minority interest | $0 | $0 | $8.5M | $4.6M | — | — | — |
| Total shareholders' equity | $13.5M | $19.2M | $23.5M | $28.4M | $16.7M | $1.5M | $115,607 |
| Key figures | |||||||
| Total debt | $541,543 | $3.6M | $4.3M | $1.9M | $2.1M | $1.8M | $971,260 |
| Net cash (debt) | $890,035 | $3.9M | $16.7M | $23.1M | $7.9M | −$947,067 | −$755,686 |
| Working capital | $2.7M | $6.7M | $22.4M | $26.1M | $10.9M | $394,875 | −$684,871 |
| Tangible book value | $13.5M | $19.2M | $23.5M | $28.4M | $16.7M | $1.5M | $115,607 |
| Current ratio | 2.18 | 2.78 | 6.32 | 7.88 | 6.07 | 1.27 | 0.58 |
| Quick ratio | 0.87 | 2.00 | 4.99 | 6.59 | 4.76 | 0.62 | 0.13 |
| Debt / equity | 0.04 | 0.19 | 0.18 | 0.07 | 0.13 | 1.19 | 8.40 |
| Equity / assets | 83.0% | 74.2% | 59.0% | 74.4% | 81.1% | 34.4% | 5.1% |
| 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 | $3.7M | $5.5M | $1.4M | $2.7M | $6.0M | $4.9M | $7.5M | $11.1M | $14.9M | $17.1M | $21.0M | $23.5M |
| Cash & equivalents | $3.7M | $5.5M | $1.4M | $2.7M | $6.0M | $4.9M | $7.5M | $11.1M | $13.9M | $16.1M | $16.5M | $12.4M |
| Short-term investments | — | — | — | — | $4.3M | $4.3M | $0 | $0 | $995,208 | $982,604 | $4.5M | $11.1M |
| Receivables | $1.2M | $4.1M | $531,250 | $312,993 | $0 | $198,829 | $0 | $129,544 | $115,793 | $90,871 | $80,160 | $508,506 |
| Inventory | $3.2M | $2.6M | $2.5M | $2.5M | $2.7M | $2.4M | $2.5M | $3.3M | $4.1M | $3.9M | $4.9M | $8.1M |
| Other current assets | $471,223 | $0 | $441,648 | $4.6M | $4.8M | $4.7M | $411,258 | $761,040 | $396,139 | $677,375 | $720,752 | $550,275 |
| Total current assets | $8.6M | $9.6M | $4.9M | $10.1M | $13.4M | $12.2M | $10.4M | $15.4M | $19.6M | $21.8M | $26.6M | $32.7M |
| Property, plant & equipment (net) | $9.5M | $10.6M | $8.3M | $8.8M | $8.9M | $11.3M | $15.4M | $14.7M | $14.1M | $14.6M | $13.1M | $11.0M |
| 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 | $476,597 |
| Other non-current assets | $2.6M | $3.0M | $3.0M | $26,192 | $26,193 | $26,193 | $40,280 | $48,710 | $48,710 | $48,707 | $51,417 | $49,167 |
| Total assets | $20.7M | $23.2M | $16.2M | $18.9M | $22.4M | $23.6M | $25.9M | $30.1M | $33.8M | $36.5M | $39.8M | $44.3M |
| Liabilities | ||||||||||||
| Accounts payable | $1.2M | $1.5M | $1.1M | $1.4M | $2.0M | $1.5M | $2.2M | $2.0M | $2.8M | $1.5M | $2.4M | $3.6M |
| Short-term debt | $470,943 | $457,303 | $19,498 | $129,826 | $239,598 | $551,438 | $658,659 | $651,235 | $666,959 | $683,447 | $697,612 | $713,075 |
| Deferred revenue | — | $210,800 | $395,932 | $297,887 | $12,500 | $12,500 | $80,000 | $38,175 | $6,175 | $21,448 | $44,195 | $14,259 |
| Total current liabilities | $3.6M | $3.2M | $2.2M | $2.4M | $3.2M | $3.0M | $3.7M | $3.8M | $4.6M | $2.9M | $4.2M | $5.3M |
| Long-term debt | $499,900 | $499,900 | $499,900 | $499,900 | $499,900 | $499,900 | $499,900 | $499,900 | $499,900 | $499,900 | $499,900 | $499,900 |
| Lease obligations | $2.6M | $2.7M | $41,643 | $156,188 | $270,550 | $2.9M | $3.1M | $3.2M | $3.4M | $3.6M | $3.8M | $4.0M |
| Other long-term liabilities | $2.1M | $2.2M | $22,145 | $26,362 | $30,952 | $2.4M | $2.4M | $2.6M | $2.8M | $2.9M | $3.1M | $3.2M |
| Total liabilities | $6.2M | $6.0M | $2.8M | $3.0M | $3.7M | $5.9M | $6.7M | $6.9M | $7.8M | $6.3M | $7.8M | $9.1M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $571 | $529 | $2,237 | $2,237 | $2,237 | $1,487 | $14,874 | $9,520 | $9,520 | $9,520 | $9,520 | $9,520 |
| Retained earnings (deficit) | −$39.0M | −$36.1M | −$34.0M | −$31.4M | −$28.7M | −$27.0M | −$25.4M | −$21.5M | −$19.0M | −$16.0M | −$14.3M | −$11.5M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | $0 | −$1 | $0 | $0 |
| Minority interest | — | — | $0 | — | — | — | — | — | — | — | — | — |
| Total shareholders' equity | $14.4M | $17.2M | $13.5M | $15.9M | $18.6M | $17.7M | $19.2M | $17.4M | $19.6M | $22.3M | $23.5M | $25.9M |
| Key figures | ||||||||||||
| Total debt | $3.1M | $3.2M | $541,543 | $656,088 | $770,450 | $3.4M | $3.6M | $3.7M | $3.9M | $4.1M | $4.3M | $4.5M |
| Net cash (debt) | $638,089 | $2.3M | $890,035 | $2.0M | $5.2M | $1.5M | $3.9M | $7.4M | $11.0M | $13.0M | $16.7M | $19.1M |
| Working capital | $4.9M | $6.4M | $2.7M | $7.6M | $10.2M | $9.2M | $6.7M | $11.5M | $15.0M | $18.9M | $22.4M | $27.4M |
| Tangible book value | $14.4M | $17.2M | $13.5M | $15.9M | $18.6M | $17.7M | $19.2M | $17.4M | $19.6M | $22.3M | $23.5M | $25.9M |
| Book value per share | $25.22 | $106.41 | — | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 571K | 162K | — | — | — | — | — | — | — | — | — | — |
| Current ratio | 2.36 | 2.97 | 2.18 | 4.13 | 4.18 | 4.04 | 2.78 | 4.00 | 4.29 | 7.52 | 6.32 | 6.14 |
| Quick ratio | 1.36 | 2.94 | 0.87 | 1.24 | 1.86 | 1.69 | 2.00 | 2.93 | 3.30 | 5.94 | 4.99 | 4.51 |
| Debt / equity | 0.21 | 0.19 | 0.04 | 0.04 | 0.04 | 0.19 | 0.19 | 0.22 | 0.20 | 0.18 | 0.18 | 0.17 |
| Equity / assets | 69.8% | 74.3% | 83.0% | 84.3% | 83.3% | 75.0% | 74.2% | 57.7% | 58.1% | 61.0% | 59.0% | 58.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 27, 2026); data from EODHD.
VEEE financial position
At the end of fiscal 2025 (December 31, 2025), Twin Vee Powercats had total assets of $16.2 million (down 37.3% from a year earlier), total liabilities of $2.8 million and shareholders' equity of $13.5 million. It held $1.4 million in cash and short-term investments against $0.5 million of debt, a net cash position of $0.9 million. Its current ratio was 2.18. In the latest quarter (ended June 30, 2026) total assets were $20.7 million and equity $14.4 million.
Related: VEEE income statement, VEEE cash flow statement, VEEE key metrics. See the VEEE stock overview for the latest quote and news.
VEEE balance sheet FAQ
What are Twin Vee Powercats's total assets?
Twin Vee Powercats reported total assets of $16.2 million at the end of fiscal 2025 (December 31, 2025), compared with $25.9 million a year earlier.
How much debt does Twin Vee Powercats have?
Twin Vee Powercats had $0.5 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.04.
How much cash does Twin Vee Powercats have?
Twin Vee Powercats held $1.4 million in cash and short-term investments at the end of fiscal 2025; with $0.5 million of debt that is net cash of $0.9 million.
What is Twin Vee Powercats's book value?
Twin Vee Powercats's shareholders' equity (book value) was $13.5 million at the end of fiscal 2025.
What is Twin Vee Powercats's current ratio?
Twin Vee Powercats had current assets of $4.9 million and current liabilities of $2.2 million, a current ratio of 2.18 (it can cover its short-term obligations).