IT Tech Packaging Inc
ITP Basic Materials Paper & Paper Products
IT Tech Packaging Inc’s revenue for fiscal 2024 (year ended December 2024) was $75.8 million, down 12.4% from fiscal 2023. In the quarter to September 2025, revenue grew 2.07%, EPS grew 45.0% and free cash flow grew 22.1%, each against the same quarter a year earlier.
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A Balance Sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It follows the formula: Assets = Liabilities + Shareholders' Equity. Key components include current and non-current assets, current and long-term liabilities, and equity. The Balance Sheet helps businesses and investors evaluate financial stability, liquidity, and capital structure. It's essential for assessing the company's ability to meet its obligations and fund future operations.
| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | |
|---|---|---|---|---|---|---|---|---|---|
Cash and Short Term Investments |
4.50 | 9.02 | 12.12 | 5.84 | 4.14 | 11.20 | 9.52 | 4.39 | 6.95 |
Receivables |
3.89 | 1.84 | 2.88 | 4.98 | 2.48 | 12.67 | 7.56 | 1.43 | 1.21 |
Inventory |
5.63 | 8.47 | 2.92 | 1.61 | 1.23 | 5.84 | 2.87 | 3.56 | 2.35 |
Total current assets |
14.48 | 19.99 | 24.16 | 24.04 | 14.91 | 55.52 | 47.17 | 28.36 | 28.46 |
Property, Plant, Equpment (Net) |
187.69 | 189.39 | 167.83 | 151.62 | 145.14 | 126.59 | 151.57 | 163.97 | 146.91 |
Long-term receivables |
2.95 | 3.04 | 2.81 | 2.62 | 2.57 | 2.43 | 2.07 | 1.88 | 1.75 |
Long Term Assets (Tax, Deferred) |
3.26 | 6.57 | 8.28 | 10.49 | 13.71 | 11.27 | — | — | — |
Long-term assets (Other) |
— | — | — | 1.43 | 21.15 | 43.45 | 1.03 | — | — |
Total non-current assets |
193.90 | 199.00 | 178.92 | 166.16 | 184.96 | 186.02 | 157.28 | 166.39 | 149.09 |
Total Assets |
208.38 | 218.99 | 203.08 | 190.20 | 199.87 | 241.54 | 204.45 | 194.74 | 177.55 |
Notes Payable |
2.16 | 6.12 | 3.64 | — | — | — | — | — | — |
Accounts Payable |
0.56 | 0.42 | 0.63 | 0.25 | 0.59 | 0.01 | 0.01 | 0.01 | 0.00 |
Accrued Expenses |
0.27 | 0.29 | 0.63 | 0.83 | 0.95 | 1.02 | 0.89 | 0.97 | 0.25 |
Current Part of Debt |
5.05 | 13.56 | 14.29 | 7.77 | 11.43 | 12.80 | 10.43 | 7.30 | 8.01 |
Current Part of Capital Lease |
8.79 | — | — | — | 0.18 | 0.21 | 0.22 | 0.10 | 0.25 |
Current Part of Taxes to Pay |
1.31 | 0.53 | 0.22 | 1.38 | 0.26 | 1.11 | 0.42 | — | 0.08 |
Other current liabilities |
0.03 | 1.13 | 10.85 | 0.10 | 0.08 | 0.04 | 6.56 | 0.14 | 0.01 |
Total current liabilities |
20.59 | 21.76 | 29.63 | 16.84 | 18.34 | 20.43 | 17.64 | 21.42 | 20.15 |
Long Term Debt (Total) |
14.93 | 11.91 | 6.89 | 7.37 | 4.95 | 3.13 | 4.78 | 4.99 | 1.34 |
Non-current Revenue (Deferred) |
0.10 | — | — | — | 0.39 | 0.16 | 0.05 | — | — |
Non-current Liabilities (Other) |
0.00 | 0.00 | 0.00 | — | 1.12 | 2.06 | 0.65 | 0.00 | 0.01 |
Total non-current liabilities |
15.04 | 11.91 | 6.89 | 7.37 | 6.45 | 5.35 | 5.48 | 4.99 | 1.35 |
Total liabilities |
35.62 | 33.66 | 36.53 | 24.20 | 24.79 | 25.79 | 23.12 | 26.41 | 21.50 |
Additional Paid In Capital |
50.64 | 50.64 | 51.14 | 51.16 | 53.99 | 89.02 | 89.17 | 89.17 | 89.17 |
Common Stock (Net) |
0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 |
Retained Earnings |
121.46 | 123.12 | 112.57 | 114.79 | 109.24 | 110.15 | 93.58 | 83.63 | 73.79 |
Shareholders Equity (Other) |
6.08 | 6.08 | 6.08 | 6.08 | 6.08 | 6.08 | 6.08 | 6.08 | 6.08 |
Common Equity (Total) |
172.76 | 185.33 | 166.55 | 166.00 | 175.08 | 215.75 | 181.32 | 168.34 | 156.05 |
Shareholders Equity (Total) |
172.76 | 185.33 | 166.55 | 166.00 | 175.08 | 215.75 | 181.32 | 168.34 | 156.05 |
Shareholders Equity and Liabilities (Total) |
208.38 | 218.99 | 203.08 | 190.20 | 199.87 | 241.54 | 204.45 | 194.74 | 177.55 |
Shares (Common) |
2.15 | 2.15 | 2.20 | 2.21 | 2.85 | 9.92 | 10.07 | 10.07 | 10.07 |
Shareholders Equity (Tangible) |
172.76 | 185.33 | 166.55 | 166.00 | 175.08 | 215.75 | 181.32 | 168.34 | 156.05 |
Net Debt |
15.48 | 16.45 | 9.07 | 9.30 | 12.24 | 4.73 | 5.69 | 7.89 | 2.41 |
Total Debt |
19.98 | 25.47 | 21.19 | 15.14 | 16.38 | 15.93 | 15.22 | 12.29 | 9.36 |