Art's-Way Manufacturing Co. (ARTW) Balance Sheet: Assets & Liabilities

Art's-Way Manufacturing Co. (ARTW) Balance Sheet

As of Nov 30, 2025 (end of fiscal 2025), Art's-Way Manufacturing Co. reported total assets of $22.48M and total liabilities of $9.17M. Shareholders' equity was $13.31M, up 10.0% from $12.09M a year earlier. Total debt stood at $6.41M against $4.85K in cash and short-term investments, a net debt position of $6.40M. That puts debt-to-equity at 0.48, compared with 0.40 a year earlier.

Art's-Way Manufacturing Co. Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Art's-Way Manufacturing Co., Inc. (ARTW) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Nov 2025	Nov 2024	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017
Current Assets
Cash and Cash Equivalents	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.21
Cash & Short-Term Investments	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.21
Accounts Receivable	2.58	2.59	3.43	2.72	2.66	2.47	2.55	1.76	1.98
Inventory	11.71	10.33	11.03	10.61	9.21	7.76	8.78	10.26	11.97
Other Current Assets	0.49	0.21	0.30	0.79	0.30	0.06	0.07	0.13	0.28
Total Current Assets	14.78	13.12	15.09	14.13	12.17	10.30	11.41	12.15	14.43
Non-Current Assets
Property, Plant & Equipment (Net)	5.08	5.15	5.21	6.58	5.76	5.74	6.08	7.52	7.16
Long-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.15	0.00
Goodwill	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.38
Other Non-Current Assets	0.55	0.53	1.61	0.63	2.92	0.09	0.07	0.08	1.51
Total Non-Current Assets	7.70	8.12	9.32	9.81	8.68	8.50	7.94	9.18	9.95
Total Assets	22.48	21.24	24.40	23.95	20.85	18.80	19.35	21.33	24.38
Current Liabilities
Accounts Payable	0.90	0.94	2.26	2.51	1.74	1.96	1.21	0.80	0.67
Short-Term Debt	3.67	2.27	4.52	4.16	4.07	2.45	2.66	3.73	2.68
Current Portion of Long-Term Debt	0.17	0.12	0.11	0.09	0.10	-	-	-	-
Accrued Liabilities	1.34	1.31	1.40	1.17	1.17	-	-	-	-
Deferred Revenue	0.09	2.11	0.77	1.15	0.28	0.47	0.19	0.33	0.65
Other Current Liabilities	1.76	1.30	0.19	1.44	0.28	1.28	1.13	0.89	1.04
Total Current Liabilities	6.44	6.63	9.40	9.27	7.69	6.16	5.20	5.77	5.05
Non-Current Liabilities
Long-Term Debt	2.73	2.51	2.63	3.24	2.64	2.73	2.35	2.52	2.75
Other Non-Current Liabilities	0.00	0.00	0.00	0.29	0.00	0.00	0.00	0.00	0.59
Total Non-Current Liabilities	2.73	2.51	3.37	3.53	2.81	2.73	2.35	2.52	3.34
Total Liabilities	9.17	9.15	12.76	12.80	10.50	8.90	7.55	8.29	8.39
Stockholders' Equity
Common Stock	0.05	0.05	0.05	0.05	0.05	0.04	0.04	0.04	0.04
Retained Earnings	8.36	7.33	7.02	6.75	6.66	6.44	8.55	9.97	13.35
Accumulated Other Comprehensive Income	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	-0.26
Treasury Stock	0.31	0.31	0.27	0.20	-	-	-	-	-
Additional Paid-in Capital	4.89	4.71	4.84	4.35	3.65	3.42	3.20	3.03	2.85
Shares Outstanding	5.11	5.04	5.01	4.95	-	-	-	-	-
Total Stockholders' Equity	13.31	12.09	11.64	11.15	10.35	9.91	11.79	13.04	15.99
Total Liabilities & Equity	22.48	21.24	24.40	23.95	20.85	18.80	19.35	21.33	24.38

Source: Company financial statements from annual and quarterly filings. Data as of Aug 31, 2026. Data sources and methodology

Frequently Asked Questions About Art's-Way Manufacturing Co. Balance Sheet

How much debt does Art's-Way Manufacturing Co. have?

Art's-Way Manufacturing Co. had total debt of $6.41M as of Nov 30, 2025, against $4.85K in cash and short-term investments. Its debt-to-equity ratio was 0.48. Total debt was $4.78M a year earlier.

What are Art's-Way Manufacturing Co.'s total assets?

Art's-Way Manufacturing Co. reported total assets of $22.48M as of Nov 30, 2025, up 5.8% from $21.24M a year earlier. Total liabilities were $9.17M.

What is Art's-Way Manufacturing Co.'s shareholders' equity?

Art's-Way Manufacturing Co.'s shareholders' equity was $13.31M as of Nov 30, 2025, or about $2.60 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition