How much debt does Gulf Resources have?

Gulf Resources had total debt of $5.19M as of Dec 31, 2025, against $3.79K in cash and short-term investments. Its debt-to-equity ratio was 0.05. Total debt was $15.87M a year earlier.

What are Gulf Resources's total assets?

Gulf Resources reported total assets of $133.73M as of Dec 31, 2025, down 20.3% from $167.82M a year earlier. Total liabilities were $22.25M.

What is Gulf Resources's shareholders' equity?

Gulf Resources's shareholders' equity was $111.48M as of Dec 31, 2025, or about $72.41 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.

Gulf Resources (GURE) Balance Sheet: Assets & Liabilities

Gulf Resources 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 Gulf Resources, Inc. (GURE) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2022	Mar 2022	Dec 2021	Mar 2021	Dec 2020	Mar 2020	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	0.00	10.08	72.22	108.23	108.23	95.77	95.77	94.22	94.22	100.30	179.00	208.91
Cash & Short-Term Investments	0.00	10.08	72.22	108.23	108.23	95.77	95.77	94.22	94.22	100.30	179.00	208.91
Accounts Receivable	3.27	0.56	4.87	5.36	5.36	14.53	14.53	6.52	6.52	4.88	0.01	29.77
Inventory	0.56	0.32	0.58	1.60	1.60	0.69	0.69	0.42	0.42	0.69	0.00	1.20
Other Current Assets	3.94	6.38	8.40	4.24	4.24	4.45	4.45	6.15	6.15	1.33	8.33	1.64
Total Current Assets	24.57	17.45	86.07	119.43	119.43	115.43	115.43	107.31	107.31	107.20	187.34	241.51
Non-Current Assets
Property, Plant & Equipment (Net)	108.75	140.76	128.97	158.18	158.18	171.15	171.15	158.00	158.00	146.99	82.53	95.61
Long-Term Investments	0.00	0.00	0.00	-9.51	-	-23.27	-	0.00	-	-9.12	-91.92	-109.59
Goodwill	0.00	0.00	0.00	0.00	-	0.00	-	0.00	-	0.00	0.00	29.37
Intangible Assets	0.41	9.62	9.77	9.51	9.51	10.37	10.37	10.13	-	9.12	9.64	14.48
Other Non-Current Assets	0.00	9.62	0.00	9.51	14.83	23.27	23.27	0.00	28.72	9.12	91.92	109.59
Total Non-Current Assets	109.16	150.37	140.60	173.01	173.01	194.42	194.42	186.73	-	172.05	111.20	145.99
Total Assets	133.73	167.82	226.67	292.43	292.43	309.86	309.86	294.04	294.04	279.25	298.55	387.50
Current Liabilities
Accounts Payable	0.15	9.03	0.21	0.06	0.06	0.20	0.20	0.48	5.08	3.81	0.33	0.96
Short-Term Debt	2.85	3.83	0.65	0.65	-	0.73	-	0.69	-	1.23	0.20	0.20
Accrued Liabilities	1.84	0.11	8.15	-	7.43	-	9.96	-	1.33	-	-	-
Deferred Revenue	0.00	0.00	0.04	9.51	-	0.00	-	0.00	-	0.00	1.19	0.44
Other Current Liabilities	4.13	15.77	11.21	0.86	9.01	12.18	10.79	4.60	3.69	0.49	-0.28	0.59
Total Current Liabilities	8.24	12.98	12.59	11.78	11.78	13.89	13.89	7.10	7.10	6.31	2.62	3.67
Non-Current Liabilities
Long-Term Debt	2.34	12.03	8.84	9.04	9.04	9.33	9.33	9.91	-	9.84	2.07	2.30
Other Non-Current Liabilities	0.00	0.00	0.00	0.00	-	0.00	-	0.00	-	0.00	0.00	0.00
Total Non-Current Liabilities	14.01	12.03	8.84	9.04	9.04	9.33	9.33	9.91	9.91	9.84	2.07	7.27
Total Liabilities	22.25	25.01	21.42	20.81	20.81	23.22	23.22	17.01	17.01	16.14	4.69	10.94
Stockholders' Equity
Common Stock	0.00	0.00	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Retained Earnings	-7.53	63.06	96.29	184.76	184.76	174.70	174.70	175.62	175.62	184.04	209.84	274.40
Accumulated Other Comprehensive Income	14.45	-20.78	8.61	-13.03	-13.03	11.86	11.86	4.45	4.45	-15.49	-10.48	8.16
Treasury Stock	1.37	1.37	1.37	-	1.37	-	0.51	-	-	-	-	-
Additional Paid-in Capital	105.93	100.51	100.32	99.86	101.24	100.06	100.57	96.92	-	94.53	94.47	93.97
Shares Outstanding	1.54	10.73	10.73	-	10.43	-	10.47	-	-	-	-	-
Total Stockholders' Equity	111.48	142.81	205.25	271.62	271.62	286.64	286.64	277.02	277.02	263.11	293.85	376.56
Total Liabilities & Equity	133.73	169.46	226.67	292.43	292.43	309.86	309.86	294.04	-	279.25	298.55	387.50

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Gulf Resources Balance Sheet Analysis

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