Barnes & Noble Education, Inc. (BNED) Balance Sheet
BNED balance sheet, FY2026
April 30, 2026 · U.S. dollars$739.9M assets = $445.5M liabilities + $294.4M equity
Both columns are drawn to the same scale: what BNED owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BNED financial health
Descriptive bands, not a rating. Fiscal FY2026.
BNED balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.30BFY2017 | $739.9MFY2026 | −6.1%/yr | |
| Total liabilities | $586.1MFY2017 | $445.5MFY2026 | −3.0%/yr | |
| Shareholders’ equity | $713.7MFY2017 | $294.4MFY2026 | −9.4%/yr | |
| Cash & short-term investments | $19.0MFY2017 | $8.4MFY2026 | −8.6%/yr | |
| Total debt | $159.6MFY2017 | $223.5MFY2026 | +3.8%/yr | |
| Net cash (debt) | −$140.6MFY2017 | −$215.1MFY2026 | −$74.5M | |
| Working capital | $189.4MFY2017 | $200.9MFY2026 | +$11.4M | |
| Book value per share | $38.16FY2017 | $8.51FY2026 | −15.4%/yr | |
| Current ratio | 1.46FY2017 | 1.71FY2026 | +0.25 | |
| Debt / equity | 0.22FY2017 | 0.76FY2026 | +0.54 | |
| Shares outstanding | 18.7MFY2017 | 34.6MFY2026 | +7.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BNED assets
BNED liabilities and equity
BNED debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BNED balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $8.4M | $9.1M | $10.5M | $14.2M | $8.8M | $8.0M | $8.2M | $14.0M | $16.1M | $19.0M |
| Cash & equivalents | $8.4M | $9.1M | $10.5M | $14.2M | $8.8M | $8.0M | $8.2M | $14.0M | $16.1M | $19.0M |
| Short-term investments | — | — | — | — | — | — | — | — | — | $2.0M |
| Receivables | $115.8M | $55.0M | $97.5M | $90.2M | $133.7M | $118.2M | $90.1M | $91.9M | $90.5M | $73.3M |
| Inventory | $325.4M | $326.0M | $372.4M | $353.3M | $323.5M | $309.8M | $469.6M | $467.3M | $491.3M | $486.9M |
| Other current assets | $34.8M | $75.4M | $40.5M | $79.3M | $65.7M | $64.8M | $16.9M | $18.1M | $21.4M | $23.5M |
| Total current assets | $484.5M | $465.4M | $520.8M | $537.0M | $531.7M | $500.8M | $584.9M | $591.4M | $619.4M | $602.6M |
| Property, plant & equipment (net) | $179.7M | $223.9M | $270.2M | $315.1M | $360.2M | $329.6M | $348.6M | $109.8M | $111.3M | $116.6M |
| Goodwill & intangible assets | $58.1M | $78.2M | $94.2M | $110.6M | $131.7M | $155.6M | $179.8M | $199.7M | $268.4M | $539.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $17.6M | $22.7M | $24.7M | $18.0M | $48.0M | $45.0M | $43.1M | $45.4M | $40.1M | $41.2M |
| Total assets | $739.9M | $790.3M | $909.9M | $980.8M | $1.07B | $1.03B | $1.16B | $946.2M | $1.04B | $1.30B |
| Liabilities | ||||||||||
| Accounts payable | $135.6M | $148.8M | $299.2M | $267.9M | $182.6M | $137.6M | $143.7M | $186.8M | $187.9M | $192.7M |
| Short-term debt | $67.0M | — | $77.0M | $100.0M | $137.1M | $142.5M | $167.6M | $100.0M | $100.0M | $100.0M |
| Deferred revenue | — | — | $11.3M | $11.2M | $19.7M | $18.1M | $13.4M | $20.4M | — | — |
| Total current liabilities | $283.6M | $279.2M | $474.7M | $462.1M | $415.4M | $373.7M | $406.7M | $408.5M | $413.5M | $413.2M |
| Long-term debt | $71.0M | $103.1M | $196.3M | $182.2M | $185.7M | $127.6M | $99.7M | $33.5M | $96.4M | $59.6M |
| Lease obligations | $152.5M | $180.0M | $244.4M | $284.7M | $316.7M | $277.3M | $278.7M | — | — | — |
| Other long-term liabilities | $90.9M | $135.8M | $158.5M | $205.8M | $242.1M | $236.8M | $232.3M | $53.5M | $61.4M | $113.3M |
| Total liabilities | $445.5M | $518.1M | $829.5M | $850.0M | $843.2M | $738.1M | $738.7M | $495.6M | $571.2M | $586.1M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $345,000 | — | $6,000 | $551,000 | $542,000 | $533,000 | $521,000 | $510,000 | $501,000 | $494,000 |
| Retained earnings (deficit) | −$695.7M | −$712.6M | −$646.7M | −$593.4M | −$491.5M | −$422.6M | −$282.8M | −$244.6M | −$220.2M | $32.4M |
| Treasury stock | — | — | — | — | −$21.5M | −$19.1M | −$32.9M | −$31.6M | −$29.7M | −$28.0M |
| Accumulated other comprehensive income | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total shareholders' equity | $294.4M | $272.2M | $80.4M | $130.8M | $228.4M | $293.0M | $417.8M | $450.6M | $468.0M | $713.7M |
| Key figures | ||||||||||
| Total debt | $223.5M | $103.1M | $413.9M | $466.9M | $542.4M | $454.9M | $453.4M | $133.5M | $196.4M | $159.6M |
| Net cash (debt) | −$215.1M | −$94.0M | −$403.5M | −$452.7M | −$533.6M | −$446.9M | −$445.2M | −$119.5M | −$180.3M | −$140.6M |
| Working capital | $200.9M | $186.2M | $46.1M | $74.9M | $116.3M | $127.2M | $178.2M | $182.8M | $205.9M | $189.4M |
| Tangible book value | $236.3M | $193.9M | −$13.8M | $20.1M | $96.7M | $137.4M | $237.9M | $250.9M | $199.6M | $174.4M |
| Book value per share | $8.51 | $7.99 | $3.02 | $6.23 | $11.02 | $14.75 | $21.75 | $23.81 | $25.02 | $38.16 |
| Shares outstanding | 34.6M | 34.1M | 26.6M | 21.0M | 20.7M | 19.9M | 19.2M | 18.9M | 18.7M | 18.7M |
| Current ratio | 1.71 | 1.67 | 1.10 | 1.16 | 1.28 | 1.34 | 1.44 | 1.45 | 1.50 | 1.46 |
| Quick ratio | 0.44 | 0.23 | 0.23 | 0.23 | 0.34 | 0.34 | 0.24 | 0.26 | 0.26 | 0.22 |
| Debt / equity | 0.76 | 0.38 | 5.15 | 3.57 | 2.38 | 1.55 | 1.09 | 0.30 | 0.42 | 0.22 |
| Equity / assets | 39.8% | 34.4% | 8.8% | 13.3% | 21.3% | 28.4% | 36.1% | 47.6% | 45.0% | 54.9% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $7.8M | $8.4M | $10.1M | $11.7M | $7.3M | $9.1M | $9.2M | $11.6M | $8.2M | $10.5M | $8.1M | $15.0M |
| Cash & equivalents | $7.8M | $8.4M | $10.1M | $11.7M | $7.3M | $9.1M | $9.2M | $11.6M | $8.2M | $10.5M | $8.1M | $15.0M |
| Receivables | $176.7M | $115.8M | $416.4M | $315.0M | $162.0M | $55.0M | $354.2M | $275.8M | $154.4M | $97.5M | $315.1M | $221.8M |
| Inventory | $366.3M | $325.4M | $373.1M | $377.6M | $409.5M | $326.0M | $367.9M | $365.1M | $405.6M | $372.4M | $386.1M | $416.1M |
| Other current assets | $43.1M | $34.8M | $26.1M | $38.9M | $42.6M | $75.4M | $26.7M | $33.4M | $33.2M | $40.5M | $54.3M | $63.4M |
| Total current assets | $593.9M | $484.5M | $825.7M | $743.2M | $621.4M | $465.4M | $758.0M | $686.0M | $601.4M | $520.8M | $763.7M | $716.4M |
| Property, plant & equipment (net) | $182.6M | $179.7M | $217.7M | $229.2M | $234.2M | $223.9M | $222.7M | $255.2M | $290.1M | $270.2M | $277.5M | $307.9M |
| Goodwill & intangible assets | $53.7M | $58.1M | $67.9M | $70.9M | $0 | $78.2M | $81.6M | $85.1M | $87.8M | $94.2M | $97.9M | $104.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $16.6M | $17.6M | $18.9M | $20.1M | $95.3M | $22.7M | $25.3M | $25.7M | $25.9M | $24.7M | $12.5M | $16.7M |
| Total assets | $846.7M | $739.9M | $1.13B | $1.06B | $950.8M | $790.3M | $1.09B | $1.05B | $1.01B | $909.9M | $1.15B | $1.14B |
| Liabilities | ||||||||||||
| Accounts payable | $211.0M | $135.6M | $319.2M | $345.4M | $236.5M | $148.8M | $303.6M | $299.0M | $266.3M | $299.2M | $343.1M | $385.9M |
| Short-term debt | $67.2M | $67.0M | $73.7M | $76.1M | — | — | $101.1M | $124.9M | $147.8M | $77.0M | $349.6M | $126.4M |
| Deferred revenue | — | — | — | — | — | — | $49.7M | — | $10.5M | $11.3M | — | — |
| Total current liabilities | $357.1M | $283.6M | $579.8M | $525.4M | $385.7M | $279.2M | $534.7M | $523.6M | $489.9M | $474.7M | $849.6M | $624.4M |
| Long-term debt | $123.5M | $71.0M | $138.4M | $122.5M | $170.0M | $103.1M | $141.2M | $177.6M | $221.9M | $196.3M | $30.2M | $233.9M |
| Lease obligations | $149.7M | $152.5M | $177.6M | $189.4M | $196.6M | $180.0M | $222.9M | $254.7M | $280.0M | $244.4M | $280.8M | $286.6M |
| Other long-term liabilities | $87.8M | $90.9M | $122.1M | $132.2M | $138.7M | $135.8M | $128.4M | $146.1M | $149.1M | $158.5M | $174.7M | $180.7M |
| Total liabilities | $568.4M | $445.5M | $840.3M | $780.1M | $694.4M | $518.1M | $804.3M | $847.2M | $860.8M | $829.5M | $1.05B | $1.04B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $347,000 | $345,000 | $343,000 | $341,000 | — | — | $341,000 | $273,000 | $262,000 | $6,000 | $558,000 | $558,000 |
| Retained earnings (deficit) | −$708.6M | −$695.7M | −$699.2M | −$705.8M | −$730.8M | −$712.6M | −$699.2M | −$706.3M | −$756.0M | −$646.7M | −$629.2M | −$619.6M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $278.4M | $294.4M | $290.0M | $283.2M | $256.5M | $272.2M | $283.3M | $204.8M | $144.4M | $80.4M | $97.1M | $106.0M |
| Key figures | ||||||||||||
| Total debt | $273.2M | $223.5M | $316.0M | $311.9M | $170.0M | $103.1M | $364.1M | $432.2M | $502.0M | $413.9M | $535.0M | $520.5M |
| Net cash (debt) | −$265.4M | −$215.1M | −$305.9M | −$300.2M | −$162.7M | −$94.0M | −$354.9M | −$420.6M | −$493.7M | −$403.5M | −$526.9M | −$505.5M |
| Working capital | $236.8M | $200.9M | $245.9M | $217.8M | $235.7M | $186.2M | $223.3M | $162.5M | $111.5M | $46.1M | −$85.9M | $92.0M |
| Tangible book value | $224.6M | $236.3M | $222.1M | $212.3M | $256.5M | $193.9M | $201.7M | $119.7M | $56.6M | −$13.8M | −$814,000 | $1.9M |
| Book value per share | $8.06 | $8.51 | $8.37 | $8.20 | $7.53 | $7.99 | $9.24 | $7.72 | $5.34 | $3.01 | $4.57 | $5.01 |
| Shares outstanding | 34.5M | 34.6M | 34.7M | 34.5M | 34.1M | 34.1M | 30.7M | 26.5M | 27.0M | 26.7M | 21.3M | 21.1M |
| Current ratio | 1.66 | 1.71 | 1.42 | 1.41 | 1.61 | 1.67 | 1.42 | 1.31 | 1.23 | 1.10 | 0.90 | 1.15 |
| Quick ratio | 0.52 | 0.44 | 0.74 | 0.62 | 0.44 | 0.23 | 0.68 | 0.55 | 0.33 | 0.23 | 0.38 | 0.38 |
| Debt / equity | 0.98 | 0.76 | 1.09 | 1.10 | 0.66 | 0.38 | 1.29 | 2.11 | 3.48 | 5.15 | 5.51 | 4.91 |
| Equity / assets | 32.9% | 39.8% | 25.7% | 26.6% | 27.0% | 34.4% | 26.1% | 19.5% | 14.4% | 8.8% | 8.4% | 9.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed July 9, 2026); data from EODHD.
BNED financial position
At the end of fiscal 2026 (April 30, 2026), Barnes & Noble Education had total assets of $739.9 million (down 6.4% from a year earlier), total liabilities of $445.5 million and shareholders' equity of $294.4 million. It held $8.4 million in cash and short-term investments against $223.5 million of debt, net debt of $215.1 million. Its current ratio was 1.71. In the latest quarter (ended July 31, 2026) total assets were $846.7 million and equity $278.4 million.
Related: BNED income statement, BNED cash flow statement, BNED key metrics. See the BNED stock overview for the latest quote and news.
BNED balance sheet FAQ
What are Barnes & Noble Education's total assets?
Barnes & Noble Education reported total assets of $739.9 million at the end of fiscal 2026 (April 30, 2026), compared with $790.3 million a year earlier.
How much debt does Barnes & Noble Education have?
Barnes & Noble Education had $223.5 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.76.
How much cash does Barnes & Noble Education have?
Barnes & Noble Education held $8.4 million in cash and short-term investments at the end of fiscal 2026; with $223.5 million of debt that is net debt of $215.1 million.
What is Barnes & Noble Education's book value?
Barnes & Noble Education's shareholders' equity (book value) was $294.4 million at the end of fiscal 2026, or $8.51 per share.
What is Barnes & Noble Education's current ratio?
Barnes & Noble Education had current assets of $484.5 million and current liabilities of $283.6 million, a current ratio of 1.71 (it can cover its short-term obligations).
How much goodwill does Barnes & Noble Education have?
Barnes & Noble Education carried $58.1 million of goodwill and intangible assets, 7.9% of total assets, at the end of fiscal 2026.