Tandy Leather Factory (TLF) Balance Sheet: Assets & Liabilities

Tandy Leather Factory (TLF) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Tandy Leather Factory reported total assets of $86.63M and total liabilities of $34.04M. Shareholders' equity was $52.59M, down 8.0% from $57.15M a year earlier. Total debt stood at $51.25M against $16.09M in cash and short-term investments, a net debt position of $35.16M. That puts debt-to-equity at 0.97, compared with 0.19 a year earlier.

Tandy Leather Factory 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 Tandy Leather Factory, Inc. (TLF) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Mar 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	16.09	13.27	12.16	7.98	10.16	10.16	10.33	15.91	24.07	18.34
Short-Term Investments	0.00	0.00	0.00	0.00	0.00	-	0.00	9.15	0.00	0.00
Cash & Short-Term Investments	16.09	13.27	12.16	7.98	10.16	10.16	10.33	25.06	24.07	18.34
Accounts Receivable	0.43	0.33	0.51	0.37	1.59	0.61	3.10	0.41	0.41	0.46
Inventory	33.24	35.56	37.99	38.23	38.08	38.08	36.78	24.04	33.87	37.31
Other Current Assets	0.83	0.99	0.59	0.38	0.62	0.62	0.80	3.01	2.04	1.70
Total Current Assets	50.58	50.54	51.25	47.25	50.45	50.45	51.01	52.52	60.14	57.81
Non-Current Assets
Property, Plant & Equipment (Net)	34.96	22.66	19.57	20.94	22.24	22.24	24.21	26.82	14.40	15.47
Long-Term Investments	0.00	0.00	0.00	0.00	-0.71	-	0.00	0.00	0.00	0.00
Goodwill	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.95	0.96
Intangible Assets	0.00	0.00	0.00	0.01	0.01	0.01	0.01	0.01	0.02	0.02
Other Non-Current Assets	1.09	1.73	0.44	0.39	0.39	0.39	0.39	0.34	0.39	0.38
Total Non-Current Assets	36.05	24.39	20.88	21.33	22.64	22.64	25.36	27.60	16.00	17.10
Total Assets	86.63	74.92	72.14	68.58	73.09	73.09	76.38	80.11	76.14	74.91
Current Liabilities
Accounts Payable	2.15	3.11	2.60	3.08	3.80	4.79	5.74	5.29	1.58	0.47
Short-Term Debt	3.51	3.21	3.17	2.90	3.12	0.08	3.54	3.82	0.52	0.61
Current Portion of Long-Term Debt	-	-	-	-	-	0.08	-	-	-	-
Accrued Liabilities	3.70	3.57	0.52	2.68	-	4.30	2.06	-	-	-
Deferred Revenue	0.00	0.32	0.22	0.26	0.35	0.35	0.00	0.32	0.84	0.91
Other Current Liabilities	0.43	2.00	2.37	0.21	3.95	0.46	3.64	2.66	5.48	4.46
Total Current Liabilities	9.80	9.89	8.93	8.87	12.21	12.21	12.92	12.23	6.90	6.98
Non-Current Liabilities
Long-Term Debt	47.74	7.56	6.25	7.47	8.55	0.34	9.72	10.66	8.45	6.76
Deferred Tax Liabilities	0.23	0.00	0.01	0.00	1.12	-	1.08	1.13	1.56	1.64
Other Non-Current Liabilities	0.38	0.32	0.59	0.78	0.83	0.83	0.46	0.80	1.97	0.00
Total Non-Current Liabilities	24.24	7.89	6.86	8.25	9.38	9.38	11.26	11.46	9.78	8.39
Total Liabilities	34.04	17.77	15.79	17.12	21.58	21.58	24.18	23.69	16.68	15.38
Stockholders' Equity
Common Stock	0.02	0.02	0.02	0.02	0.02	0.02	0.03	0.03	0.03	0.03
Retained Earnings	60.84	64.49	63.66	59.89	58.66	58.66	57.31	62.21	65.72	63.92
Accumulated Other Comprehensive Income	-2.15	-2.11	-1.54	-1.90	-1.37	-1.37	-1.29	-1.08	-1.51	-0.96
Treasury Stock	9.77	9.77	9.77	9.77	-	9.77	-	-	-	-
Additional Paid-in Capital	-6.12	4.53	-5.79	3.22	-5.81	3.96	-3.85	-4.74	-4.77	-3.45
Shares Outstanding	8.07	8.50	8.40	8.29	-	8.55	-	-	-	-
Total Stockholders' Equity	52.59	57.15	56.35	51.46	51.50	51.50	52.19	56.42	59.46	59.54
Total Liabilities & Equity	86.63	74.92	72.14	68.58	73.09	73.09	76.38	80.11	76.14	74.91

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

Frequently Asked Questions About Tandy Leather Factory Balance Sheet

How much debt does Tandy Leather Factory have?

Tandy Leather Factory had total debt of $51.25M as of Dec 31, 2025, against $16.09M in cash and short-term investments. Its debt-to-equity ratio was 0.97. Total debt was $10.77M a year earlier.

What are Tandy Leather Factory's total assets?

Tandy Leather Factory reported total assets of $86.63M as of Dec 31, 2025, up 15.6% from $74.92M a year earlier. Total liabilities were $34.04M.

What is Tandy Leather Factory's shareholders' equity?

Tandy Leather Factory's shareholders' equity was $52.59M as of Dec 31, 2025, or about $6.51 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