It Tech Packaging, Inc. financial data

Symbol
ITP on NYSE
Industry
Converted Paper & Paperboard Prods (No Contaners/Boxes)
Location
Science Park, Juli Road, Xushui County, Baoding City, Hebei Province,, China
State of incorporation
Nevada
Fiscal year end
December 31
Former names
Orient Paper Inc. (to 7/20/2018), CARLATERAL, INC. (to 12/28/2007)
Latest financial report
10-Q - Q2 2024 - Aug 12, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 164 % -40.4%
Quick Ratio 21.9 % -22.2%
Debt-to-equity 15.3 % +11.3%
Return On Equity -5.88 % +39.5%
Return On Assets -5.1 % +40.1%
Operating Margin -13.2 % -211%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 10.1M shares 0%
Common Stock, Shares, Outstanding 10.1M shares 0%
Entity Public Float 4.48M USD -59.3%
Common Stock, Value, Issued 10.1K USD 0%
Weighted Average Number of Shares Outstanding, Basic 10.1M shares 0%
Weighted Average Number of Shares Outstanding, Diluted 10.1M shares 0%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 69.8M USD -32.1%
Cost of Revenue 23M USD -20.3%
Operating Income (Loss) -9.24M USD -111%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -9.33M USD
Income Tax Expense (Benefit) 417K USD +18.7%
Net Income (Loss) Attributable to Parent -9.78M USD +44.2%
Earnings Per Share, Basic -0.98 USD/shares +44.6%
Earnings Per Share, Diluted -0.98 USD/shares +44.6%

Balance Sheet

Label TTM Value / Value Unit Change %
Accounts Receivable, after Allowance for Credit Loss, Current 2.64M USD
Inventory, Net 5.28M USD -19.6%
Other Assets, Current 27.2K USD +5.47%
Assets, Current 33.4M USD -29.9%
Deferred Income Tax Assets, Net 11.2M USD
Property, Plant and Equipment, Net 156M USD +9.58%
Operating Lease, Right-of-Use Asset 529K USD -21.4%
Assets 191M USD -2.74%
Accounts Payable, Current 242K USD
Employee-related Liabilities, Current 370K USD +19.6%
Accrued Liabilities, Current 595K USD +1.39%
Liabilities, Current 22.9M USD +32.5%
Operating Lease, Liability, Noncurrent 499K USD -10.8%
Other Liabilities, Noncurrent 2.25M USD
Liabilities 27.9M USD +7.47%
Accumulated Other Comprehensive Income (Loss), Net of Tax -11.6M USD +17.5%
Retained Earnings (Accumulated Deficit) 79.8M USD
Stockholders' Equity Attributable to Parent 163M USD -4.29%
Liabilities and Equity 191M USD -2.74%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 624K USD -87%
Net Cash Provided by (Used in) Financing Activities 422K USD -83.5%
Net Cash Provided by (Used in) Investing Activities -9.03M USD -2960%
Common Stock, Shares Authorized 50M shares 0%
Common Stock, Shares, Issued 10.1M shares 0%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 1.03M USD -85.8%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 6.04M USD -49.6%
Interest Paid, Excluding Capitalized Interest, Operating Activities 137K USD +63.4%
Deferred Tax Assets, Valuation Allowance 19.1M USD +13.5%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.25 pure 0%
Deferred Tax Assets, Gross 19.1M USD +13.5%
Operating Lease, Liability 602K USD
Payments to Acquire Property, Plant, and Equipment 295K USD -19.9%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -7.32M USD +76.9%
Lessee, Operating Lease, Liability, to be Paid 702K USD
Property, Plant and Equipment, Gross 306M USD +9.6%
Operating Lease, Liability, Current 104K USD -4.31%
Lessee, Operating Lease, Liability, to be Paid, Year Two 140K USD
Lessee, Operating Lease, Liability, to be Paid, Year One 140K USD
Operating Lease, Weighted Average Discount Rate, Percent 0.08 pure 0%
Deferred Income Tax Expense (Benefit) 10.3M USD +276%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 99.3K USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 140K USD
Current Income Tax Expense (Benefit) -3.24K USD -100%
Lessee, Operating Lease, Liability, to be Paid, Year Four 140K USD
Additional Paid in Capital 89.2M USD +0.28%
Current Federal Tax Expense (Benefit) 36.8K USD
Amortization of Intangible Assets 37.7K USD
Depreciation, Depletion and Amortization 3.48M USD -5.55%
Share-based Payment Arrangement, Expense 12.9K USD
Interest Expense 887K USD -12.9%