How much debt does Rafael Holdings have?

Rafael Holdings had total debt of $692.00K as of Jul 31, 2025, against $52.77M in cash and short-term investments. Its debt-to-equity ratio was 0.01. Total debt was $2.39M a year earlier.

What are Rafael Holdings's total assets?

Rafael Holdings reported total assets of $114.11M as of Jul 31, 2025, up 17.8% from $96.83M a year earlier. Total liabilities were $15.74M.

What is Rafael Holdings's shareholders' equity?

Rafael Holdings's shareholders' equity was $98.37M as of Jul 31, 2025.

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.

Rafael Holdings (RFL) Balance Sheet: Assets & Liabilities

Rafael Holdings 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 Rafael Holdings, Inc. (RFL) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Jul 2025	Oct 2024	Jul 2024	Jul 2023	Oct 2022	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017
Current Assets
Cash and Cash Equivalents	52.77	2.68	2.68	21.50	26.54	26.54	7.85	6.21	12.02	15.80	11.76
Short-Term Investments	0.00	63.27	63.27	58.01	36.70	36.70	0.00	0.00	0.00	24.70	0.00
Cash & Short-Term Investments	52.77	65.94	65.94	79.51	63.24	63.24	7.85	6.21	12.02	40.50	11.76
Accounts Receivable	1.83	6.13	0.43	2.52	0.30	0.16	0.84	0.40	0.73	3.59	0.26
Inventory	0.28	0.00	-	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00
Other Current Assets	1.83	0.43	0.43	0.91	44.82	4.62	6.08	3.23	0.51	0.42	0.15
Total Current Assets	56.71	72.50	72.50	82.94	108.35	108.35	14.76	9.83	13.26	44.51	12.17
Non-Current Assets
Property, Plant & Equipment (Net)	1.60	2.12	2.12	1.70	1.77	1.77	1.84	44.43	48.73	50.11	51.16
Long-Term Investments	1.86	12.01	12.01	12.61	0.48	5.24	80.19	80.42	72.02	15.30	13.48
Goodwill	19.94	3.05	3.05	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00
Intangible Assets	0.99	1.85	3.42	1.58	1.58	1.58	1.58	1.58	1.58	1.65	0.00
Other Non-Current Assets	1.43	5.30	0.04	0.01	6.15	1.39	55.68	0.08	6.54	1.13	0.54
Total Non-Current Assets	57.39	24.33	24.33	15.89	9.97	9.97	139.29	126.52	128.88	72.41	74.04
Total Assets	114.11	96.83	96.83	98.83	118.32	118.32	154.06	136.35	142.14	116.92	86.20
Current Liabilities
Accounts Payable	7.62	2.56	2.56	0.36	0.56	0.63	1.16	0.92	0.80	0.37	0.12
Short-Term Debt	0.61	2.31	2.31	0.00	15.00	15.00	14.53	0.00	0.00	0.00	0.00
Accrued Liabilities	7.20	-	1.80	0.76	-	1.88	1.23	-	-	-	-
Other Current Liabilities	4.09	2.64	0.11	1.81	5.46	3.52	1.62	4.81	0.63	8.96	0.25
Total Current Liabilities	11.60	7.51	7.51	2.15	21.03	21.03	17.30	5.73	1.43	0.89	0.36
Non-Current Liabilities
Long-Term Debt	0.08	0.07	0.07	0.00	0.00	-	0.00	0.00	14.95	0.00	0.00
Deferred Tax Liabilities	0.14	0.00	-	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	3.92	2.99	0.01	0.06	0.09	0.09	0.05	0.09	1.01	0.46	23.76
Total Non-Current Liabilities	4.14	3.06	3.06	0.06	0.09	0.09	0.05	0.09	15.95	0.46	23.76
Total Liabilities	15.74	10.57	10.57	2.20	21.11	21.11	17.35	5.82	17.38	1.36	24.13
Stockholders' Equity
Common Stock	0.52	0.25	0.25	0.24	0.25	0.25	0.18	0.16	0.14	0.13	50.43
Retained Earnings	-232.26	-201.74	-201.74	-167.33	-165.46	-165.46	-40.80	-16.25	-5.84	-1.11	0.00
Accumulated Other Comprehensive Income	4.15	0.11	3.80	3.37	3.70	3.70	3.77	3.76	3.78	4.04	2.32
Treasury Stock	-	-	0.17	-	-	-	-	-	-	-	-
Additional Paid-in Capital	321.99	283.57	280.05	264.01	262.02	262.02	159.14	129.14	112.90	103.64	0.00
Minority Interest	3.98	4.07	4.07	-3.66	-3.31	-3.31	14.42	13.73	13.78	8.87	9.34
Shares Outstanding	-	-	24.96	24.63	-	24.83	17.98	-	-	-	-
Total Stockholders' Equity	98.37	82.19	82.19	96.63	100.52	97.21	122.29	116.80	110.98	106.70	52.74
Total Liabilities & Equity	114.11	96.83	96.83	98.83	118.32	118.32	154.06	136.35	142.14	116.92	86.20

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

Rafael Holdings Balance Sheet Analysis

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