Boyd Group Services Inc. (BGSI) Balance Sheet
BGSI balance sheet, 2025
December 31, 2025 · U.S. dollars$3.85B assets = $2.14B liabilities + $1.72B equity
Both columns are drawn to the same scale: what BGSI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BGSI financial health
Descriptive bands, not a rating. Fiscal 2025.
BGSI balance sheet trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.57B2020 | $3.85B2025 | +19.6%/yr | |
| Total liabilities | $859.9M2020 | $2.14B2025 | +20.0%/yr | |
| Shareholders’ equity | $711.7M2020 | $1.72B2025 | +19.3%/yr | |
| Cash & short-term investments | $61.0M2020 | $1.23B2025 | +82.2%/yr | |
| Total debt | $599.5M2020 | $1.71B2025 | +23.4%/yr | |
| Net cash (debt) | −$538.5M2020 | −$487.2M2025 | +$51.3M | |
| Working capital | −$99.6M2020 | $1.02B2025 | +$1.1B | |
| Book value per share | $33.872020 | $76.422025 | +17.7%/yr | |
| Current ratio | 0.672020 | 3.142025 | +2.47 | |
| Debt / equity | 0.842020 | 1.002025 | +0.16 | |
| Shares outstanding | 21.0M2020 | 22.5M2025 | +1.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BGSI assets
BGSI liabilities and equity
BGSI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BGSI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $1.23B | $20.0M | $22.5M | $15.1M | $27.7M | $61.0M |
| Cash & equivalents | $1.23B | $20.0M | $22.5M | $15.1M | $27.7M | $61.0M |
| Receivables | $147.4M | $132.9M | $153.5M | $144.9M | $110.6M | $87.0M |
| Inventory | $68.2M | $73.1M | $78.5M | $78.8M | $66.8M | $32.1M |
| Other current assets | $53.7M | $44.7M | $41.7M | $36.5M | $29.6M | $26.4M |
| Total current assets | $1.50B | $270.7M | $296.3M | $275.3M | $234.7M | $206.4M |
| Property, plant & equipment (net) | $1.27B | $1.20B | $1.09B | $883.0M | $834.2M | $619.9M |
| Goodwill & intangible assets | $1.06B | $980.8M | $976.8M | $934.6M | $950.7M | $740.1M |
| Long-term investments | $8.4M | $8.0M | $8.0M | $0 | $0 | $0 |
| Other non-current assets | $23.9M | $6.9M | $8.0M | $9.9M | $7.5M | $5.1M |
| Total assets | $3.85B | $2.46B | $2.38B | $2.10B | $2.03B | $1.57B |
| Liabilities | ||||||
| Accounts payable | $338.7M | $306.9M | $339.8M | $307.7M | $258.4M | $210.2M |
| Short-term debt | $134.0M | $125.8M | $129.8M | $114.2M | $106.8M | $93.5M |
| Total current liabilities | $475.8M | $435.1M | $472.0M | $424.3M | $367.7M | $306.1M |
| Long-term debt | $929.2M | $498.3M | $399.7M | $344.8M | $428.2M | $0 |
| Lease obligations | $778.8M | $744.3M | $715.3M | $617.9M | $543.3M | — |
| Other long-term liabilities | $731.5M | $700.0M | $682.4M | $587.1M | $504.8M | $553.8M |
| Total liabilities | $2.14B | $1.63B | $1.55B | $1.36B | $1.30B | $859.9M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $1.47B | $600.0M | $600.0M | $600.0M | $600.0M | $600.0M |
| Retained earnings (deficit) | $188.4M | $180.6M | $165.4M | $88.2M | $56.7M | $42.9M |
| Accumulated other comprehensive income | $51.8M | $44.8M | $58.3M | $54.3M | $66.0M | $65.2M |
| Total shareholders' equity | $1.72B | $830.9M | $828.3M | $746.6M | $726.4M | $711.7M |
| Key figures | ||||||
| Total debt | $1.71B | $1.25B | $1.14B | $978.1M | $985.4M | $599.5M |
| Net cash (debt) | −$487.2M | −$1.23B | −$1.11B | −$963.0M | −$957.7M | −$538.5M |
| Working capital | $1.02B | −$164.4M | −$175.7M | −$149.0M | −$133.0M | −$99.6M |
| Tangible book value | $659.6M | −$149.9M | −$148.4M | −$188.0M | −$224.3M | −$28.4M |
| Book value per share | $76.42 | $38.69 | $38.57 | $34.77 | $33.83 | $33.87 |
| Shares outstanding | 22.5M | 21.5M | 21.5M | 21.5M | 21.5M | 21.0M |
| Current ratio | 3.14 | 0.62 | 0.63 | 0.65 | 0.64 | 0.67 |
| Quick ratio | 2.89 | 0.35 | 0.37 | 0.38 | 0.38 | 0.48 |
| Debt / equity | 1.00 | 1.51 | 1.37 | 1.31 | 1.36 | 0.84 |
| Equity / assets | 44.5% | 33.7% | 34.8% | 35.5% | 35.8% | 45.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | $23.0M | $54.7M | $1.23B | $64.3M | $14.7M | $1.3M | $20.0M | $43.8M | $15.5M | $16.4M | $22.5M |
| Cash & equivalents | $23.0M | $54.7M | $1.23B | $64.3M | $14.7M | $1.3M | $20.0M | $43.8M | $15.5M | $16.4M | $22.5M |
| Receivables | $175.2M | $169.9M | $147.4M | $146.3M | $143.8M | $145.8M | $132.9M | $155.8M | $152.4M | $139.2M | $145.8M |
| Inventory | $78.0M | $85.0M | $68.2M | $64.1M | $66.6M | $67.6M | $73.1M | $66.7M | $62.5M | $69.2M | $78.5M |
| Other current assets | $70.7M | $60.4M | $53.7M | $51.0M | $41.9M | $47.1M | $44.7M | $46.5M | $39.5M | $47.8M | $49.4M |
| Total current assets | $346.9M | $370.0M | $1.50B | $325.8M | $267.0M | $261.8M | $270.7M | $312.8M | $269.9M | $272.5M | $296.3M |
| Property, plant & equipment (net) | $1.67B | $1.66B | $1.27B | $1.24B | $1.22B | $1.21B | $1.20B | $1.19B | $1.19B | $1.15B | $1.09B |
| Goodwill & intangible assets | $2.26B | $2.27B | $1.06B | $1.02B | $990.6M | $984.3M | $980.8M | $989.2M | $983.6M | $980.2M | $976.8M |
| Long-term investments | $0 | $0 | $8.4M | $8.0M | $8.0M | $8.0M | $8.0M | $8.0M | $8.0M | $0 | $0 |
| Other non-current assets | $28.4M | $30.1M | $23.9M | $12.1M | $7.2M | $7.0M | $6.9M | $7.6M | $8.1M | $16.7M | $16.0M |
| Total assets | $4.30B | $4.33B | $3.85B | $2.61B | $2.49B | $2.47B | $2.46B | $2.51B | $2.46B | $2.42B | $2.38B |
| Liabilities | |||||||||||
| Accounts payable | $427.1M | $448.3M | $338.7M | $337.0M | $327.9M | $314.6M | $306.9M | $320.6M | $316.2M | $326.6M | $339.8M |
| Short-term debt | $166.8M | $165.1M | $134.0M | $129.4M | $124.2M | $125.4M | $125.8M | $124.9M | $122.4M | $130.3M | $129.8M |
| Total current liabilities | $596.9M | $616.5M | $475.8M | $468.8M | $454.6M | $442.2M | $435.1M | $447.9M | $441.0M | $459.3M | $472.0M |
| Long-term debt | $968.8M | $992.5M | $929.2M | $576.8M | $515.0M | $504.8M | $498.3M | $520.1M | $485.9M | $0 | $0 |
| Lease obligations | $1.05B | $1.06B | $778.8M | $760.9M | $735.6M | $742.2M | $744.3M | $738.9M | $727.7M | — | — |
| Other long-term liabilities | $1.00B | $990.3M | $731.5M | $715.4M | $681.1M | $694.6M | $700.0M | $701.9M | $692.7M | $1.13B | $1.08B |
| Total liabilities | $2.57B | $2.60B | $2.14B | $1.76B | $1.65B | $1.64B | $1.63B | $1.67B | $1.62B | $1.58B | $1.55B |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | $1.47B | $1.47B | $1.47B | $599.9M | $599.9M | $599.9M | $600.0M | $600.0M | $600.0M | $600.0M | $600.0M |
| Retained earnings (deficit) | $175.9M | $178.3M | $188.4M | $187.1M | $178.7M | $175.6M | $180.6M | $180.4M | $179.9M | $171.4M | $165.4M |
| Accumulated other comprehensive income | $71.2M | $67.2M | $51.8M | $52.8M | $53.2M | $44.9M | $44.8M | $55.0M | $52.7M | $54.3M | $58.3M |
| Total shareholders' equity | $1.73B | $1.73B | $1.72B | $848.2M | $839.3M | $826.4M | $830.9M | $840.7M | $837.7M | $830.5M | $828.3M |
| Key figures | |||||||||||
| Total debt | $2.03B | $2.07B | $1.71B | $1.35B | $1.26B | $1.25B | $1.25B | $1.27B | $1.22B | $1.18B | $1.14B |
| Net cash (debt) | −$2.00B | −$2.01B | −$487.2M | −$1.28B | −$1.24B | −$1.25B | −$1.23B | −$1.23B | −$1.21B | −$1.16B | −$1.11B |
| Working capital | −$250.1M | −$246.5M | $1.02B | −$143.0M | −$187.5M | −$180.4M | −$164.4M | −$135.0M | −$171.1M | −$186.7M | −$175.7M |
| Tangible book value | −$526.9M | −$535.5M | $659.6M | −$170.7M | −$151.3M | −$157.9M | −$149.9M | −$148.5M | −$145.9M | −$149.7M | −$148.4M |
| Book value per share | $62.04 | $62.22 | $67.55 | $39.44 | $38.99 | $38.48 | $38.69 | $39.15 | $39.00 | $38.66 | $38.58 |
| Shares outstanding | 27.9M | 27.8M | 25.4M | 21.5M | 21.5M | 21.5M | 21.5M | 21.5M | 21.5M | 21.5M | 21.5M |
| Current ratio | 0.58 | 0.60 | 3.14 | 0.70 | 0.59 | 0.59 | 0.62 | 0.70 | 0.61 | 0.59 | 0.63 |
| Quick ratio | 0.33 | 0.36 | 2.89 | 0.45 | 0.35 | 0.33 | 0.35 | 0.45 | 0.38 | 0.34 | 0.36 |
| Debt / equity | 1.17 | 1.19 | 1.00 | 1.59 | 1.50 | 1.52 | 1.51 | 1.51 | 1.46 | 1.42 | 1.37 |
| Equity / assets | 40.3% | 40.0% | 44.5% | 32.5% | 33.7% | 33.5% | 33.7% | 33.5% | 34.1% | 34.4% | 34.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
BGSI financial position
At the end of fiscal 2025 (December 31, 2025), Boyd Group Services had total assets of $3.9 billion (up 56.4% from a year earlier), total liabilities of $2.1 billion and shareholders' equity of $1.7 billion. It held $1.2 billion in cash and short-term investments against $1.7 billion of debt, net debt of $487.2 million. Its current ratio was 3.14. In the latest quarter (ended June 30, 2026) total assets were $4.3 billion and equity $1.7 billion.
Related: BGSI income statement, BGSI cash flow statement, BGSI key metrics. See the BGSI stock overview for the latest quote and news.
BGSI balance sheet FAQ
What are Boyd Group Services's total assets?
Boyd Group Services reported total assets of $3.9 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.5 billion a year earlier.
How much debt does Boyd Group Services have?
Boyd Group Services had $1.7 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.00.
How much cash does Boyd Group Services have?
Boyd Group Services held $1.2 billion in cash and short-term investments at the end of fiscal 2025; with $1.7 billion of debt that is net debt of $487.2 million.
What is Boyd Group Services's book value?
Boyd Group Services's shareholders' equity (book value) was $1.7 billion at the end of fiscal 2025, or $76.42 per share.
What is Boyd Group Services's current ratio?
Boyd Group Services had current assets of $1.5 billion and current liabilities of $475.8 million, a current ratio of 3.14 (it can cover its short-term obligations).
How much goodwill does Boyd Group Services have?
Boyd Group Services carried $1.1 billion of goodwill and intangible assets, 27.4% of total assets, at the end of fiscal 2025.