Blue Bird Corporation (BLBD) Balance Sheet
BLBD balance sheet, FY2025
September 30, 2025 · U.S. dollars$625.3M assets = $369.8M liabilities + $255.4M equity
Both columns are drawn to the same scale: what BLBD owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BLBD financial health
Descriptive bands, not a rating. Fiscal FY2025.
BLBD balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $277.9MFY2016 | $625.3MFY2025 | +9.4%/yr | |
| Total liabilities | $364.8MFY2016 | $369.8MFY2025 | +0.2%/yr | |
| Shareholders’ equity | −$87.0MFY2016 | $255.4MFY2025 | — | |
| Cash & short-term investments | $52.3MFY2016 | $229.3MFY2025 | +17.8%/yr | |
| Total debt | $152.1MFY2016 | $90.3MFY2025 | −5.6%/yr | |
| Net cash (debt) | −$99.8MFY2016 | $139.0MFY2025 | +$238.8M | |
| Working capital | $9.6MFY2016 | $174.8MFY2025 | +$165.2M | |
| Book value per share | −$4.08FY2016 | $7.77FY2025 | — | |
| Current ratio | 1.07FY2016 | 1.74FY2025 | +0.66 | |
| Debt / equity | 126.25FY2022 | 0.35FY2025 | −125.90 | |
| Shares outstanding | 21.3MFY2016 | 32.9MFY2025 | +4.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BLBD assets
BLBD liabilities and equity
BLBD debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BLBD balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $229.3M | $127.7M | $79.0M | $10.5M | $11.7M | $44.5M | $71.0M | $60.3M | $62.6M | $52.3M |
| Cash & equivalents | $229.3M | $127.7M | $79.0M | $10.5M | $11.7M | $44.5M | $71.0M | $60.3M | $62.6M | $52.3M |
| Short-term investments | — | — | — | — | — | $14.3M | $11.1M | $11.1M | $0 | $12.9M |
| Receivables | $20.6M | $59.1M | $12.6M | $12.5M | $10.0M | $7.6M | $10.5M | $24.1M | $10.1M | $20.3M |
| Inventory | $139.5M | $127.8M | $135.3M | $143.0M | $125.2M | $56.5M | $78.8M | $57.3M | $76.2M | $53.8M |
| Other current assets | $22.2M | $8.8M | $9.2M | $8.5M | $9.2M | $8.2M | $11.8M | $8.2M | $11.5M | $13.7M |
| Total current assets | $411.6M | $323.4M | $236.1M | $174.5M | $156.1M | $116.9M | $172.1M | $149.8M | $160.4M | $140.1M |
| Property, plant & equipment (net) | $108.5M | $97.7M | $96.1M | $102.3M | $111.0M | $110.4M | $104.7M | $66.1M | $34.7M | $33.5M |
| Goodwill & intangible assets | $60.5M | $62.4M | $64.2M | $66.3M | $68.3M | $70.5M | $73.5M | $74.3M | $76.3M | $78.3M |
| Long-term investments | $35.2M | $32.1M | $17.6M | $10.7M | $14.8M | $14.3M | $11.1M | $11.1M | $11.6M | $12.9M |
| Other non-current assets | $9.4M | $9.4M | $3.7M | $12.4M | $5.9M | $5.4M | $4.0M | $6.1M | $12.7M | $13.0M |
| Total assets | $625.3M | $524.9M | $417.8M | $366.1M | $356.0M | $317.4M | $365.4M | $307.4M | $295.8M | $277.9M |
| Liabilities | ||||||||||
| Accounts payable | $151.5M | $143.2M | $137.1M | $107.9M | $72.3M | $57.6M | $102.3M | $95.8M | $87.3M | $80.6M |
| Short-term debt | $5.0M | $6.0M | $20.4M | $22.5M | $16.2M | $12.2M | $11.8M | $9.9M | $8.0M | $11.8M |
| Deferred revenue | $11.3M | $9.4M | $8.1M | $7.2M | $7.8M | $8.5M | $8.6M | $8.2M | $6.8M | $5.7M |
| Total current liabilities | $236.8M | $236.0M | $229.6M | $164.8M | $124.8M | $111.6M | $169.7M | $148.9M | $138.8M | $130.5M |
| Long-term debt | $85.3M | $90.0M | $110.5M | $150.4M | $194.6M | $164.2M | $173.2M | $132.2M | $143.2M | $140.4M |
| Lease obligations | $0 | $981,000 | $1.6M | $2.1M | $5.9M | $7.2M | $4.6M | — | — | — |
| Other long-term liabilities | $47.7M | $39.4M | $37.6M | $49.6M | $69.3M | $94.8M | $90.3M | $54.7M | $72.3M | $94.0M |
| Total liabilities | $369.8M | $365.3M | $377.8M | $364.7M | $388.7M | $370.6M | $433.2M | $335.8M | $354.3M | $364.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $70.0M | $45.4M | $50.8M |
| Retained earnings (deficit) | $88.2M | $0 | −$55.7M | −$79.5M | −$33.8M | −$33.5M | −$45.6M | −$69.2M | −$100.1M | −$128.9M |
| Treasury stock | — | — | — | −$50.3M | −$50.3M | −$50.3M | −$50.3M | $0 | $0 | $0 |
| Accumulated other comprehensive income | −$28.2M | −$26.4M | −$31.9M | −$41.9M | −$44.8M | −$58.4M | −$56.2M | −$38.4M | −$43.9M | −$58.9M |
| Minority interest | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $255.4M | $159.6M | $40.0M | $1.4M | −$32.7M | −$53.2M | −$67.8M | −$28.3M | −$58.5M | −$87.0M |
| Key figures | ||||||||||
| Total debt | $90.3M | $96.0M | $131.9M | $174.5M | $220.8M | $182.3M | $188.9M | $142.1M | $151.2M | $152.1M |
| Net cash (debt) | $139.0M | $31.7M | −$52.9M | −$164.0M | −$209.1M | −$137.8M | −$118.0M | −$81.9M | −$88.6M | −$99.8M |
| Working capital | $174.8M | $87.4M | $6.4M | $9.7M | $31.3M | $5.2M | $2.4M | $986,000 | $21.7M | $9.6M |
| Tangible book value | $194.9M | $97.2M | −$24.3M | −$64.9M | −$100.9M | −$123.7M | −$141.4M | −$102.6M | −$134.8M | −$165.3M |
| Book value per share | $7.77 | $4.78 | $1.24 | $0.04 | −$1.20 | −$1.97 | −$2.51 | −$0.99 | −$2.35 | −$4.08 |
| Shares outstanding | 32.9M | 33.3M | 32.3M | 31.0M | 27.1M | 27.1M | 27.0M | 28.6M | 24.9M | 21.3M |
| Current ratio | 1.74 | 1.37 | 1.03 | 1.06 | 1.25 | 1.05 | 1.01 | 1.01 | 1.16 | 1.07 |
| Quick ratio | 1.06 | 0.79 | 0.40 | 0.14 | 0.17 | 0.47 | 0.48 | 0.57 | 0.52 | 0.56 |
| Debt / equity | 0.35 | 0.60 | 3.30 | 126.25 | — | — | — | — | — | — |
| Equity / assets | 40.8% | 30.4% | 9.6% | 0.4% | −9.2% | −16.8% | −18.6% | −9.2% | −19.8% | −31.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $116.8M | $275.9M | $241.7M | $229.3M | $173.1M | $130.7M | $136.1M | $127.7M | $88.4M | $93.1M | $77.3M | $79.0M |
| Cash & equivalents | $116.8M | $275.9M | $241.7M | $229.3M | $173.1M | $130.7M | $136.1M | $127.7M | $88.4M | $93.1M | $77.3M | $79.0M |
| Receivables | $53.5M | $12.9M | $10.8M | $20.6M | $21.1M | $15.8M | $14.0M | $59.1M | $34.0M | $11.4M | $11.1M | $12.6M |
| Inventory | $302.5M | $144.8M | $140.9M | $139.5M | $151.0M | $163.8M | $163.1M | $127.8M | $144.5M | $145.4M | $142.5M | $135.3M |
| Other current assets | $40.9M | $33.0M | $32.3M | $22.2M | $15.5M | $18.1M | $17.6M | $8.8M | $8.7M | $19.5M | $12.5M | $9.2M |
| Total current assets | $513.7M | $466.6M | $425.8M | $411.6M | $360.7M | $328.4M | $330.9M | $323.4M | $275.7M | $269.4M | $243.3M | $236.1M |
| Property, plant & equipment (net) | $193.8M | $117.9M | $112.7M | $108.5M | $103.8M | $104.1M | $98.5M | $97.7M | $98.1M | $95.2M | $96.4M | $96.1M |
| Goodwill & intangible assets | $439.9M | $59.6M | $60.0M | $60.5M | $61.0M | $61.4M | $61.9M | $62.4M | $62.8M | $63.3M | $63.8M | $64.2M |
| Long-term investments | $27,000 | $39.2M | $37.4M | $35.2M | $35.9M | $36.0M | $34.4M | $32.1M | $28.7M | $25.9M | $24.0M | $17.6M |
| Other non-current assets | $19.1M | $6.2M | $6.4M | $9.4M | $14.1M | $13.8M | $9.5M | $9.4M | $2.7M | $2.6M | $3.7M | $3.7M |
| Total assets | $1.17B | $689.4M | $642.3M | $625.3M | $575.5M | $543.7M | $535.2M | $524.9M | $468.1M | $456.5M | $431.3M | $417.8M |
| Liabilities | ||||||||||||
| Accounts payable | $175.0M | $127.1M | $121.7M | $151.5M | $150.2M | $153.7M | $137.8M | $143.2M | $128.1M | $138.8M | $113.9M | $137.1M |
| Short-term debt | $6.0M | $5.0M | $5.0M | $5.0M | $5.0M | $5.4M | $5.4M | $6.0M | $6.1M | $5.9M | $6.0M | $20.4M |
| Deferred revenue | $42.0M | $12.0M | $11.6M | $11.3M | $10.8M | $10.3M | $9.9M | $9.4M | $9.1M | $8.7M | $8.4M | $8.1M |
| Total current liabilities | $313.3M | $254.3M | $235.1M | $236.8M | $228.6M | $226.6M | $229.4M | $236.0M | $197.6M | $219.8M | $187.8M | $229.6M |
| Long-term debt | $81.8M | $83.0M | $84.2M | $85.3M | $86.5M | $87.7M | $88.8M | $90.0M | $91.2M | $92.3M | $129.7M | $110.5M |
| Lease obligations | $28.9M | — | — | $0 | $0 | $377,000 | $442,000 | $981,000 | $1.1M | $1.3M | $1.4M | $1.6M |
| Other long-term liabilities | $116.5M | $54.2M | $51.7M | $47.7M | $38.5M | $39.0M | $37.3M | $39.4M | $42.1M | $38.6M | $38.2M | $37.6M |
| Total liabilities | $511.6M | $391.4M | $371.0M | $369.8M | $353.6M | $353.3M | $355.5M | $365.3M | $330.8M | $350.7M | $355.7M | $377.8M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 |
| Retained earnings (deficit) | $313.6M | $128.3M | $104.0M | $88.2M | $52.2M | $24.7M | $18.7M | $0 | $25.2M | −$3.5M | −$29.6M | −$55.7M |
| Accumulated other comprehensive income | −$783,000 | −$28.1M | −$28.2M | −$28.2M | −$26.3M | −$26.3M | −$26.4M | −$26.4M | −$31.5M | −$31.6M | −$31.8M | −$31.9M |
| Total shareholders' equity | $654.9M | $297.9M | $271.4M | $255.4M | $221.8M | $190.4M | $179.7M | $159.6M | $137.3M | $105.8M | $75.6M | $40.0M |
| Key figures | ||||||||||||
| Total debt | $115.8M | $88.0M | $89.2M | $90.3M | $91.5M | $93.0M | $94.3M | $96.0M | $97.3M | $98.6M | $136.1M | $131.9M |
| Net cash (debt) | $1.1M | $187.9M | $152.6M | $139.0M | $81.6M | $37.7M | $41.8M | $31.7M | −$8.9M | −$5.5M | −$58.8M | −$52.9M |
| Working capital | $200.4M | $212.3M | $190.7M | $174.8M | $132.1M | $101.8M | $101.4M | $87.4M | $78.1M | $49.6M | $55.5M | $6.4M |
| Tangible book value | $215.0M | $238.4M | $211.3M | $194.9M | $160.9M | $128.9M | $117.8M | $97.2M | $74.4M | $42.5M | $11.8M | −$24.3M |
| Book value per share | $18.63 | $9.15 | $8.32 | $7.78 | $6.81 | $5.79 | $5.39 | $4.73 | $4.08 | $3.20 | $2.33 | $1.24 |
| Shares outstanding | 35.2M | 32.6M | 32.6M | 32.8M | 32.6M | 32.9M | 33.4M | 33.7M | 33.7M | 33.1M | 32.4M | 32.4M |
| Current ratio | 1.64 | 1.83 | 1.81 | 1.74 | 1.58 | 1.45 | 1.44 | 1.37 | 1.40 | 1.23 | 1.30 | 1.03 |
| Quick ratio | 0.54 | 1.14 | 1.07 | 1.06 | 0.85 | 0.65 | 0.65 | 0.79 | 0.62 | 0.48 | 0.47 | 0.40 |
| Debt / equity | 0.18 | 0.30 | 0.33 | 0.35 | 0.41 | 0.49 | 0.52 | 0.60 | 0.71 | 0.93 | 1.80 | 3.30 |
| Equity / assets | 56.1% | 43.2% | 42.2% | 40.8% | 38.6% | 35.0% | 33.6% | 30.4% | 29.3% | 23.2% | 17.5% | 9.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 24, 2025); data from EODHD.
BLBD financial position
At the end of fiscal 2025 (September 30, 2025), Blue Bird had total assets of $625.3 million (up 19.1% from a year earlier), total liabilities of $369.8 million and shareholders' equity of $255.4 million. It held $229.3 million in cash and short-term investments against $90.3 million of debt, a net cash position of $139.0 million. Its current ratio was 1.74. In the latest quarter (ended June 30, 2026) total assets were $1.2 billion and equity $654.9 million.
Related: BLBD income statement, BLBD cash flow statement, BLBD key metrics. See the BLBD stock overview for the latest quote and news.
BLBD balance sheet FAQ
What are Blue Bird's total assets?
Blue Bird reported total assets of $625.3 million at the end of fiscal 2025 (September 30, 2025), compared with $524.9 million a year earlier.
How much debt does Blue Bird have?
Blue Bird had $90.3 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.35.
How much cash does Blue Bird have?
Blue Bird held $229.3 million in cash and short-term investments at the end of fiscal 2025; with $90.3 million of debt that is net cash of $139.0 million.
What is Blue Bird's book value?
Blue Bird's shareholders' equity (book value) was $255.4 million at the end of fiscal 2025, or $7.77 per share.
What is Blue Bird's current ratio?
Blue Bird had current assets of $411.6 million and current liabilities of $236.8 million, a current ratio of 1.74 (it can cover its short-term obligations).
How much goodwill does Blue Bird have?
Blue Bird carried $60.5 million of goodwill and intangible assets, 9.7% of total assets, at the end of fiscal 2025.