Associated Capital Group Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	212.08	299.55	317.49	218.46	319.05	39.51
Trading Asset Securities	178.43	68.3	89.16	186	61	344.45
Cash & Short-Term Investments	390.51	367.85	406.64	404.46	380.04	383.96
Cash Growth	3.67%	-9.54%	0.54%	6.42%	-1.02%	3.48%
Accounts Receivable	19.14	20.79	13.73	15.59	46.28	36.77
Other Receivables	2.29	6.02	22.74	10.32	-	-
Receivables	21.43	26.81	36.46	25.91	46.28	36.77
Restricted Cash	8.97	11.62	7.87	2.81	9.55	-
Total Current Assets	420.91	406.28	450.97	433.18	435.87	420.73
Property, Plant & Equipment	-	16.16	16.5	16.85	17.19	17.53
Long-Term Investments	521.37	504.54	466.31	472.29	567.16	544.49
Goodwill	3.52	3.52	3.52	3.52	3.52	3.52
Long-Term Deferred Tax Assets	-	-	-	-	-	2.21
Other Long-Term Assets	19.37	4.79	6.5	1.85	179.6	186.08
Total Assets	965.17	935.29	943.8	927.69	1,203	1,175
Accrued Expenses	11.34	8.11	6.83	9.49	11.42	10.13
Current Income Taxes Payable	-	-	-	-	0.9	9.75
Other Current Liabilities	7.05	8.44	5.92	2.87	12.91	17.57
Total Current Liabilities	18.39	16.54	12.75	12.37	25.22	37.45
Long-Term Deferred Tax Liabilities	3.47	-	-	-	7.68	-
Other Long-Term Liabilities	18.99	20.45	17.97	14.94	32.64	28.88
Total Liabilities	40.84	36.99	30.72	27.3	65.53	66.33
Common Stock	0.03	0.03	0.03	0.03	0.03	0.03
Additional Paid-In Capital	999.05	999.05	999.05	999.05	990.07	999.05
Retained Earnings	85.56	45.81	48.23	15.13	68.44	13.65
Treasury Stock	-166.23	-152.18	-140.33	-124	-121.43	-113.78
Total Common Equity	918.4	892.71	906.98	890.2	937.1	898.94
Minority Interest	5.92	5.59	6.1	10.19	200.7	209.28
Shareholders' Equity	924.32	898.3	913.08	900.39	1,138	1,108
Total Liabilities & Equity	965.17	935.29	943.8	927.69	1,203	1,175
Net Cash (Debt)	390.51	367.85	406.64	404.46	380.04	383.96
Net Cash Growth	3.67%	-9.54%	0.54%	6.42%	-1.02%	3.48%
Net Cash Per Share	18.48	17.23	18.68	18.36	17.18	17.16
Filing Date Shares Outstanding	20.71	21.15	21.49	21.96	22.05	22.21
Total Common Shares Outstanding	20.76	21.18	21.54	21.99	22.06	22.27
Working Capital	402.52	389.74	438.22	420.81	410.64	383.28
Book Value Per Share	44.23	42.14	42.11	40.48	42.48	40.36
Tangible Book Value	914.88	889.19	903.46	886.68	933.58	895.42
Tangible Book Value Per Share	44.06	41.97	41.95	40.32	42.32	40.20
Buildings	-	17.75	17.75	17.75	17.75	17.73
Machinery	-	0.23	0.22	0.21	0.21	0.19

Source: S&P Global Market Intelligence. Standard template. Financial Sources.