Birkenstock Holding plc (BIRK) Balance Sheet

NYSE: BIRKAssets, liabilities, debt and equity over 6 years.

BIRK balance sheet, FY2025

September 30, 2025 · euros

€4.94B assets = €2.22B liabilities + €2.72B equity

What it owns€4.94BCash & ST investments: €340.8M (6.9%)€340.8MReceivables: €189.4M (3.8%)Inventory: €704.4M (14.3%)Inventory€704.4M · 14%Other current: €40.7M (0.8%)PP&E: €537.3M (10.9%)PP&E €537.3MGoodwill & intangibles: €3.09B (62.5%)Goodwill & intangibles€3.09B · 63%Other non-current: €40.0M (0.8%)=How it is financed€4.94BCurrent liabilities: €453.7M (9.2%)€453.7MLong-term debt: €1.10B (22.2%)Long-term debt€1.10B · 22%Other LT liabilities: €666.4M (13.5%)Other LT liabilities€666.4M · 13%Shareholders’ equity: €2.72B (55.1%)Shareholders’ equity€2.72B · 55%

Both columns are drawn to the same scale: what BIRK owns equals what it owes plus shareholders’ equity. Hover a block for its value.

BIRK financial health

Current ratio2.81
Comfortable · current assets cover current liabilities 2.81×
Debt / equity0.48
Low leverage · €0.48 of debt for each $1 of equity
Equity / assets55.1%
Equity-funded · of assets funded by shareholders
Cash / debt26.0%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles62.5%
Mostly intangible · of total assets

Descriptive bands, not a rating. Fiscal FY2025.

BIRK balance sheet trends, FY2020–FY2025

MetricTrendThenLatestChange
Total assets€803.6MFY2020€4.94BFY2025+43.8%/yr
Total liabilities€395.4MFY2020€2.22BFY2025+41.2%/yr
Shareholders’ equity€398.2MFY2020€2.72BFY2025+46.9%/yr
Cash & short-term investments€96.2MFY2020€340.8MFY2025+28.8%/yr
Total debt€220.4MFY2020€1.31BFY2025+42.8%/yr
Net cash (debt)−€124.3MFY2020−€968.6MFY2025−€844.3M
Working capital€210.5MFY2020€821.7MFY2025+€611.2M
Current ratio2.24FY20202.81FY2025+0.57
Debt / equity0.55FY20200.48FY2025−0.07
Shares outstanding187.8MFY2020186.5MFY2025−0.1%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

BIRK assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

BIRK liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

BIRK debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

BIRK balance sheet in euros

FY2025FY2024FY2023FY2022FY2021FY2020
Assets
Cash & short-term investments€340.8M€368.4M€353.4M€307.1M€235.3M€96.2M
Cash & equivalents€329.1M€355.8M€344.4M€307.1M€235.3M€96.2M
Short-term investments€11.8M€12.5M€9.0M€0——
Receivables€189.4M€142.3M€118.2M€98.7M€129.0M€65.8M
Inventory€704.4M€624.8M€595.1M€535.6M€359.2M€211.7M
Other current assets€40.7M€27.9M€13.8M€18.5M€7.6M€6.4M
Total current assets€1.28B€1.16B€1.08B€959.9M€731.2M€380.1M
Property, plant & equipment (net)€537.3M€490.2M€409.0M€318.5M€252.2M€208.9M
Goodwill & intangible assets€3.09B€3.19B€3.30B€3.49B€3.24B€195.9M
Long-term investments€0€3.3M€4.2M€0€0€0
Other non-current assets€40.0M€34.2M€34.1M€20.7M€41.7M€18.7M
Total assets€4.94B€4.88B€4.83B€4.79B€4.27B€803.6M
Liabilities
Accounts payable€72.1M€74.7M€79.6M€57.3M€66.4M€21.5M
Short-term debt€60.7M€65.5M€64.4M€73.2M€64.0M€21.1M
Deferred revenue€6.2M€8.0M€9.7M€4.0M€3.8M€3.2M
Total current liabilities€453.7M€447.9M€378.6M€324.0M€261.7M€169.5M
Long-term debt€1.10B€1.14B€1.82B€1.92B€1.78B€100.0M
Lease obligations€192.9M€184.1M€130.1M€116.5M€100.2M€120.4M
Other long-term liabilities€666.4M€670.7M€232.6M€187.2M€159.7M€125.8M
Total liabilities€2.22B€2.26B€2.43B€2.43B€2.20B€395.4M
Shareholders' equity
Common stock & paid-in capital——€182.7M€182.7M€182.7M—
Retained earnings (deficit)€765.9M€417.6M€226.0M€151.0M−€36.2M€95.1M
Accumulated other comprehensive income−€35.5M€38.9M€97.5M€129.8M€23.5M€303.0M
Total shareholders' equity€2.72B€2.63B€2.40B€2.36B€2.06B€398.2M
Key figures
Total debt€1.31B€1.35B€1.95B€2.05B€1.92B€220.4M
Net cash (debt)−€968.6M−€981.7M−€1.60B−€1.75B−€1.69B−€124.3M
Working capital€821.7M€715.4M€702.0M€635.9M€469.5M€210.5M
Tangible book value−€366.8M−€569.0M−€899.1M−€1.13B−€1.18B€202.3M
Shares outstanding186.5M187.6M182.7M182.7M182.7M187.8M
Current ratio2.812.602.852.962.792.24
Quick ratio1.171.141.251.251.390.96
Debt / equity0.480.510.810.870.930.55
Equity / assets55.1%53.7%49.7%49.2%48.4%49.6%

Quarterly columns are labeled by the month the quarter ended. Figures in euros as reported (latest annual report filed December 18, 2025); data from EODHD.

BIRK financial position

At the end of fiscal 2025 (September 30, 2025), Birkenstock had total assets of €4.9 billion (up 1.2% from a year earlier), total liabilities of €2.2 billion and shareholders' equity of €2.7 billion. It held €340.8 million in cash and short-term investments against €1.3 billion of debt, net debt of €968.6 million. Its current ratio was 2.81. In the latest quarter (ended June 30, 2026) total assets were €5.7 billion and equity €2.8 billion.

Related: BIRK income statement, BIRK cash flow statement, BIRK key metrics. See the BIRK stock overview for the latest quote and news.

BIRK balance sheet FAQ

What are Birkenstock's total assets?

Birkenstock reported total assets of €4.9 billion at the end of fiscal 2025 (September 30, 2025), compared with €4.9 billion a year earlier.

How much debt does Birkenstock have?

Birkenstock had €1.3 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.48.

How much cash does Birkenstock have?

Birkenstock held €340.8 million in cash and short-term investments at the end of fiscal 2025; with €1.3 billion of debt that is net debt of €968.6 million.

What is Birkenstock's book value?

Birkenstock's shareholders' equity (book value) was €2.7 billion at the end of fiscal 2025.

What is Birkenstock's current ratio?

Birkenstock had current assets of €1.3 billion and current liabilities of €453.7 million, a current ratio of 2.81 (it can cover its short-term obligations).

How much goodwill does Birkenstock have?

Birkenstock carried €3.1 billion of goodwill and intangible assets, 62.5% of total assets, at the end of fiscal 2025.

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