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Balance Sheets Overview

Current Ratio
191.59%
Quick Ratio
170.70%
Debt to Asset Ratio
13.46%
Unit: Dollar
Assets Breakdown
    • Prepayments and other current as...
    • Cash and bank balances
    • Inventories
    • Others
Liabilities Breakdown
    • Additional paid-in capital
    • Retained earnings
    • Accumulated other comprehensive ...
    • Others
Balance Sheets
2025-09-30
2025-06-30
Cash and bank balances
8,072,936
6,470,481
Restricted cash
1,046,771
1,038,874
Accounts receivable (net of allowance for doubtful accounts of 90,225 and 53,111 as of september 30, 2025 and december 31, 2024, respectively)
2,079,190
1,841,007
Inventories
3,899,571
5,094,810
Prepayments and other current assets
19,650,854
17,282,492
Due from related parties-Related Party
1,015,043
916,854
Total current assets
35,764,365
32,644,518
Prepayment on property, plant and equipment
8,444
8,382
Operating lease right-of-use assets, net
347,477
371,545
Property, plant, and equipment, net
137,903,414
140,435,446
Value-added tax recoverable
1,674,492
1,702,671
Total assets
175,698,192
175,162,562
Short-term bank loans
5,094,645
5,056,855
Lease liability
113,786
110,903
Advance from customers
11,911
11,822
Current portion of long-term loans
-
3,574,721
Due to related parties-Related Party
374,565
180,577
Accrued payroll and employee benefits
369,886
353,558
Other payables and accrued liabilities
12,393,873
12,053,116
Accounts payable
-
0
Income taxes payable
308,636
0
Total current liabilities
18,667,302
21,341,552
Long-term loans
4,727,324
1,117,537
Derivative liability
-
303
Lease liability - non-current
254,030
385,599
Total liabilities (including amounts of the consolidated vie without recourse to the company of 18,629,300 and 16,976,765 as of september 30, 2025 and december 31, 2024, respectively)
23,648,656
22,844,991
Common stock 0.001 par value per share authorized 50,000,000 shares issued and outstanding 16,965,420 shares as of september 30, 2025 and 10,065,920 shares as of december 31, 2024, respectively
16,965
16,965
Additional paid-in capital
90,228,996
90,228,996
Statutory earnings reserve
6,080,574
6,080,574
Accumulated other comprehensive loss
-11,159,033
-12,339,245
Retained earnings
66,882,034
68,330,281
Total stockholders equity
152,049,536
152,317,571
Total liabilities and stockholders equity
175,698,192
175,162,562
Unit: Dollar. Numbers labeled with * are estimated quarterly values.

Time Plot

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Balance Sheets

Prepayments and othercurrent assets$19,650,854 Cash and bankbalances$8,072,936 Inventories$3,899,571 Accounts receivable (netof allowance for...$2,079,190 Restricted cash$1,046,771 Due from relatedparties-Related Party$1,015,043 Property, plant, andequipment, net$137,903,414 Total current assets$35,764,365 Value-added tax recoverable$1,674,492 Operating leaseright-of-use assets, net$347,477 Prepayment on property,plant and equipment$8,444 Total assets$175,698,192 Total liabilities andstockholders equity$175,698,192 Total stockholdersequity$152,049,536 Total liabilities(including amounts of the...$23,648,656 Accumulated othercomprehensive loss-$11,159,033 Additional paid-in capital$90,228,996 Retained earnings$66,882,034 Total currentliabilities$18,667,302 Long-term loans$4,727,324 Lease liability -non-current$254,030 Statutory earningsreserve$6,080,574 Common stock 0.001 parvalue per share...$16,965 Other payables andaccrued liabilities$12,393,873 Short-term bank loans$5,094,645 Due to relatedparties-Related Party$374,565 Accrued payroll andemployee benefits$369,886 Income taxes payable$308,636 Lease liability$113,786 Advance from customers$11,911

IT TECH PACKAGING, INC. (ITP)

IT TECH PACKAGING, INC. (ITP)