CLEARFIELD, INC.
Equity & Debt
| Period | Long Term Debt | Share Holder Equity | Cash on Hand |
|---|---|---|---|
| Sep 2009 | — | $17.8M | $4.7M |
| Jun 2010 | — | — | $4.9M |
| Sep 2010 | — | $19.2M | $5.3M |
| Dec 2010 | — | — | $7.0M |
| Mar 2011 | — | — | $7.4M |
| Jun 2011 | — | $21.9M | $8.2M |
| Sep 2011 | — | $26.2M | $11.3M |
| Dec 2011 | — | $27.4M | $7.4M |
| Mar 2012 | — | $27.7M | $6.7M |
| Jun 2012 | — | $29.7M | $6.0M |
| Sep 2012 | — | $34.7M | $5.7M |
| Dec 2012 | — | $35.5M | $6.1M |
| Mar 2013 | — | $36.2M | $6.8M |
| Jun 2013 | — | $37.6M | $6.9M |
| Sep 2013 | — | $40.1M | $9.8M |
| Dec 2013 | — | $42.3M | $17.7M |
| Mar 2014 | — | $43.7M | $17.1M |
| Jun 2014 | — | $45.7M | $18.2M |
| Sep 2014 | — | $46.7M | $18.2M |
| Dec 2014 | — | $48.0M | $17.2M |
| Mar 2015 | — | $48.0M | $17.1M |
| Jun 2015 | — | $50.3M | $17.2M |
| Sep 2015 | — | $51.3M | $18.1M |
| Dec 2015 | — | $53.1M | $20.7M |
| Mar 2016 | — | $55.1M | $20.6M |
| Jun 2016 | — | $59.3M | $24.6M |
| Sep 2016 | — | $62.6M | $28.0M |
| Dec 2016 | — | $64.2M | $22.1M |
| Mar 2017 | — | $65.7M | $22.5M |
| Jun 2017 | — | $64.5M | $19.7M |
| Sep 2017 | — | $64.5M | $18.5M |
| Dec 2017 | — | $66.1M | $20.5M |
| Mar 2018 | — | $66.1M | $9.1M |
| Jun 2018 | — | $67.0M | $9.3M |
| Sep 2018 | — | $68.9M | $8.5M |
| Dec 2018 | — | $70.6M | $15.4M |
| Mar 2019 | — | $71.5M | $7.9M |
| Jun 2019 | — | $73.0M | $6.0M |
| Sep 2019 | — | $74.9M | $10.1M |
| Dec 2019 | — | $75.8M | $10.6M |
| Mar 2020 | — | $76.2M | $8.6M |
| Jun 2020 | — | $79.6M | $9.3M |
| Sep 2020 | — | $82.8M | $16.4M |
| Dec 2020 | — | $86.1M | $19.2M |
| Mar 2021 | — | $89.8M | $22.3M |
| Jun 2021 | — | $96.5M | $21.3M |
| Sep 2021 | $0 | $103.8M | $13.2M |
| Dec 2021 | $0 | $114.5M | $12.7M |
| Mar 2022 | — | $123.4M | $13.9M |
| Jun 2022 | — | $136.8M | $14.2M |
| Sep 2022 | — | $147.6M | $16.7M |
| Dec 2022 | — | $293.9M | $30.3M |
| Mar 2023 | — | $305.4M | $137.1M |
| Jun 2023 | — | $311.9M | $31.4M |
| Sep 2023 | — | $315.2M | $37.8M |
| Dec 2023 | — | $300.1M | $34.5M |
| Mar 2024 | — | $279.2M | $15.8M |
| Jun 2024 | — | $274.6M | $25.6M |
| Sep 2024 | $2.2M | $275.8M | $14.1M |
| Dec 2024 | $2.1M | $267.4M | $30.5M |
| Mar 2025 | $0 | $265.9M | $28.8M |
| Jun 2025 | $0 | $264.5M | $33.9M |
| Sep 2025 | — | $256.2M | $21.5M |
| Dec 2025 | — | $249.7M | $13.9M |
| Mar 2026 | — | $242.8M | $9.4M |
| Jun 2026 | — | $245.9M | $20.4M |
The stock investor is neither right or wrong because others agreed or disagreed with him; he is right because his facts and analysis are right.