What is Clearfield's net debt?

Clearfield (CLFD) reported net debt of $1.54M in Q1 2026.

How has Clearfield's net debt changed year-over-year?

Clearfield's net debt increased by 118.2% year-over-year, from -$8.44M to $1.54M.

What is the long-term trend for Clearfield's net debt?

Over 5 years (2020 to 2025), Clearfield's net debt has grown at a -1.4% compound annual growth rate (CAGR), from -$13.65M to -$12.74M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Clearfield CLFD Net debt

Discontinued — last reported Q2 '26

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1.1×-0.3×

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UnifirstUNF

-0.2×-0.1×

HES

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3.1×-0.1×

Helen Of TroyHELE

4.8×+2.6×

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-0.9×—

Other financials

Income statement

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Revenue$34.4M-15.3%

Gross profit$11.2M-20.1%

Operating income-$2.1M-223%

Net income-$528.0K-140%

EPS (diluted)-$0.04-144%

Balance sheet

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Cash & equivalents$9.4M-67.4%

Total debt$10.9M-46.4%

Total equity$242.8M-8.7%

Total assets$263.5M-15.2%

Cash flow

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Operating cash flow-$1.1M-135%

CapEx$1.0M-23.0%

Free cash flow-$2.1M-221%

Valuation

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Market cap$511.37M-7.6%

Enterprise value$512.91M-5.9%

P/S3.8×-0.7×

Profitability

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Gross margin37.2%+4.4pp

Operating margin1.4%+0.9pp

Net margin-6.3%-9.1pp

FCF margin7.5%-9.1pp

Returns & leverage

See full

Return on equity-3.4%-4.5pp

Debt / equity0×0.0×

Current ratio12.8×+6.1×

Where this comes from

Calculated from Clearfield’s reported figures.

$10.9Mtotal debt−$9.4Mcash and equivalents=$1.54M

The official record: Clearfield’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Clearfield's net debt?: Clearfield (CLFD) reported net debt of $1.54M in Q1 2026.
How has Clearfield's net debt changed year-over-year?: Clearfield's net debt increased by 118.2% year-over-year, from -$8.44M to $1.54M.
What is the long-term trend for Clearfield's net debt?: Over 5 years (2020 to 2025), Clearfield's net debt has grown at a -1.4% compound annual growth rate (CAGR), from -$13.65M to -$12.74M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.