Conagra Brands, Inc. (CAG) Balance Sheet
CAG balance sheet, FY2026
May 31, 2026 · U.S. dollars$17.27B assets = $10.92B liabilities + $6.36B equity
Both columns are drawn to the same scale: what CAG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CAG financial health
Descriptive bands, not a rating. Fiscal FY2026.
CAG balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $10.10BFY2017 | $17.27BFY2026 | +6.1%/yr | |
| Total liabilities | $6.02BFY2017 | $10.92BFY2026 | +6.8%/yr | |
| Shareholders’ equity | $3.99BFY2017 | $6.36BFY2026 | +5.3%/yr | |
| Cash & short-term investments | $251.4MFY2017 | $218.0MFY2026 | −1.6%/yr | |
| Total debt | $3.00BFY2017 | $7.27BFY2026 | +10.3%/yr | |
| Net cash (debt) | −$2.75BFY2017 | −$7.05BFY2026 | −$4.3B | |
| Working capital | $292.7MFY2017 | −$305.9MFY2026 | −$598.6M | |
| Book value per share | $9.15FY2017 | $13.27FY2026 | +4.2%/yr | |
| Current ratio | 1.17FY2017 | 0.90FY2026 | −0.27 | |
| Debt / equity | 0.75FY2017 | 1.14FY2026 | +0.39 | |
| Shares outstanding | 436.0MFY2017 | 479.0MFY2026 | +1.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CAG assets
CAG liabilities and equity
CAG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CAG balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $218.0M | $68.0M | $77.7M | $93.3M | $83.3M | $79.2M | $553.3M | $236.6M | $128.0M | $251.4M |
| Cash & equivalents | $218.0M | $68.0M | $77.7M | $93.3M | $83.3M | $79.2M | $553.3M | $236.6M | $128.0M | $251.4M |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $0 |
| Receivables | $658.2M | $770.0M | $871.8M | $952.8M | $867.4M | $793.9M | $860.8M | $818.2M | $569.4M | $563.4M |
| Inventory | $1.91B | $2.05B | $1.98B | $2.21B | $1.97B | $1.71B | $1.36B | $1.55B | $988.7M | $927.9M |
| Other current assets | $100.5M | $184.7M | $218.5M | $126.7M | $116.3M | $119.3M | $107.0M | $130.1M | $252.8M | $270.5M |
| Total current assets | $2.88B | $3.07B | $3.15B | $3.38B | $3.03B | $2.70B | $2.89B | $2.73B | $1.94B | $2.01B |
| Property, plant & equipment (net) | $2.86B | $2.84B | $2.82B | $2.74B | $2.74B | $2.57B | $2.37B | $2.33B | $1.59B | $1.63B |
| Goodwill & intangible assets | $9.95B | $12.92B | $12.81B | $14.30B | $15.19B | $15.46B | $15.66B | $15.97B | $5.77B | $5.52B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $796.3M | $776.2M | $741.3M |
| Other non-current assets | $1.58B | $2.10B | $2.08B | $1.63B | $1.48B | $1.46B | $1.39B | $381.6M | $314.7M | $189.7M |
| Total assets | $17.27B | $20.93B | $20.86B | $22.05B | $22.44B | $22.20B | $22.30B | $22.21B | $10.39B | $10.10B |
| Liabilities | ||||||||||
| Accounts payable | $1.51B | $1.59B | $1.49B | $1.53B | $1.86B | $1.66B | $1.51B | $1.25B | $905.3M | $773.1M |
| Short-term debt | $812.4M | $1.83B | $948.7M | $2.15B | $891.6M | $730.5M | $846.6M | $20.6M | $584.3M | $227.2M |
| Deferred revenue | — | — | −$20.2M | — | — | — | — | — | — | — |
| Total current liabilities | $3.19B | $4.32B | $3.24B | $4.44B | $3.52B | $3.31B | $3.29B | $2.14B | $2.34B | $1.72B |
| Long-term debt | $6.46B | $6.23B | $7.49B | $7.08B | $8.09B | $8.28B | $8.90B | $10.66B | $3.23B | $2.77B |
| Lease obligations | — | — | $172.2M | $186.6M | $197.0M | $188.3M | $206.1M | $20.6M | — | — |
| Other long-term liabilities | $1.27B | $1.45B | $1.62B | $1.72B | $1.97B | $1.98B | $2.17B | $1.95B | $1.07B | $1.53B |
| Total liabilities | $10.92B | $12.00B | $12.35B | $13.25B | $13.57B | $13.56B | $14.35B | $14.75B | $6.63B | $6.02B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $2.92B | $2.92B | $2.92B | $2.92B | $2.92B | $2.92B | $2.92B | $2.92B | $4.02B | $4.01B |
| Retained earnings (deficit) | $4.17B | $6.76B | $6.28B | $6.60B | $6.55B | $6.26B | $5.47B | $5.05B | $4.74B | $4.25B |
| Treasury stock | — | — | — | — | −$3.00B | −$2.98B | −$2.73B | −$2.76B | −$4.98B | −$4.05B |
| Accumulated other comprehensive income | $7.4M | $16.3M | −$35.5M | −$44.4M | −$11.2M | $5.8M | −$109.6M | −$110.3M | −$110.5M | −$212.9M |
| Minority interest | $0 | $0 | $70.9M | $70.5M | $74.5M | $79.6M | $74.6M | $79.1M | $80.4M | $87.0M |
| Total shareholders' equity | $6.36B | $8.93B | $8.44B | $8.74B | $8.79B | $8.55B | $7.88B | $7.38B | $3.68B | $3.99B |
| Key figures | ||||||||||
| Total debt | $7.27B | $8.07B | $8.61B | $9.42B | $9.18B | $9.19B | $9.95B | $10.68B | $3.82B | $3.00B |
| Net cash (debt) | −$7.05B | −$8.00B | −$8.54B | −$9.33B | −$9.10B | −$9.11B | −$9.40B | −$10.44B | −$3.69B | −$2.75B |
| Working capital | −$305.9M | −$1.25B | −$92.3M | −$1.06B | −$485.1M | −$604.1M | −$401.5M | $591.2M | −$397.3M | $292.7M |
| Tangible book value | −$3.59B | −$3.99B | −$4.37B | −$5.56B | −$6.40B | −$6.91B | −$7.79B | −$8.59B | −$2.09B | −$1.53B |
| Book value per share | $13.27 | $18.68 | $17.58 | $18.18 | $18.22 | $17.53 | $16.12 | $16.57 | $9.02 | $9.15 |
| Shares outstanding | 479.0M | 478.3M | 480.0M | 480.7M | 482.2M | 487.8M | 488.6M | 445.6M | 407.4M | 436.0M |
| Current ratio | 0.90 | 0.71 | 0.97 | 0.76 | 0.86 | 0.82 | 0.88 | 1.28 | 0.83 | 1.17 |
| Quick ratio | 0.27 | 0.19 | 0.29 | 0.24 | 0.27 | 0.26 | 0.43 | 0.49 | 0.30 | 0.47 |
| Debt / equity | 1.14 | 0.90 | 1.02 | 1.08 | 1.04 | 1.07 | 1.26 | 1.45 | 1.04 | 0.75 |
| Equity / assets | 36.8% | 42.7% | 40.5% | 39.6% | 39.2% | 38.5% | 35.3% | 33.2% | 35.4% | 39.5% |
| Aug '26 | May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $371.6M | $218.0M | $55.1M | $46.6M | $698.1M | $68.0M | $49.4M | $37.4M | $128.7M | $77.7M | $78.5M | $61.5M |
| Cash & equivalents | $371.6M | $218.0M | $55.1M | $46.6M | $698.1M | $68.0M | $49.4M | $37.4M | $128.7M | $77.7M | $78.5M | $61.5M |
| Receivables | $677.0M | $658.2M | $757.0M | $835.5M | $756.5M | $770.0M | $769.9M | $856.9M | $933.4M | $871.8M | $916.5M | $974.1M |
| Inventory | $2.15B | $1.91B | $1.94B | $2.20B | $2.26B | $2.05B | $1.95B | $2.18B | $2.22B | $1.98B | $2.14B | $2.28B |
| Other current assets | $157.2M | $100.5M | $135.1M | $144.4M | $127.3M | $184.7M | $191.8M | $130.3M | $133.5M | $218.5M | $147.4M | $155.9M |
| Total current assets | $3.36B | $2.88B | $2.89B | $3.23B | $3.84B | $3.07B | $2.97B | $3.21B | $3.42B | $3.15B | $3.29B | $3.47B |
| Property, plant & equipment (net) | $2.82B | $2.86B | $2.80B | $2.80B | $2.82B | $2.84B | $2.74B | $2.82B | $2.88B | $2.82B | $2.88B | $2.88B |
| Goodwill & intangible assets | $9.94B | $9.95B | $11.92B | $11.93B | $12.91B | $12.92B | $12.99B | $13.48B | $13.51B | $12.81B | $14.26B | $14.27B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.58B | $1.58B | $1.60B | $1.58B | $1.61B | $2.10B | $2.05B | $1.51B | $1.44B | $2.08B | $1.50B | $1.50B |
| Total assets | $17.70B | $17.27B | $19.21B | $19.54B | $21.17B | $20.93B | $20.74B | $21.02B | $21.25B | $20.86B | $21.92B | $22.12B |
| Liabilities | ||||||||||||
| Accounts payable | $1.56B | $1.51B | $1.42B | $1.53B | $1.53B | $1.59B | $1.42B | $1.57B | $1.54B | $1.49B | $1.42B | $1.47B |
| Short-term debt | $820.0M | $812.4M | $98.2M | $1.16B | $1.06B | $1.83B | $1.91B | $2.23B | $1.29B | $948.7M | $1.19B | $1.58B |
| Deferred revenue | — | — | — | — | — | — | — | — | −$1.54B | — | — | $769.1M |
| Total current liabilities | $3.07B | $3.19B | $3.21B | $3.62B | $3.63B | $4.32B | $4.30B | $4.56B | $3.65B | $3.24B | $3.47B | $3.83B |
| Long-term debt | $0 | $6.46B | $6.46B | $6.46B | $7.22B | $6.23B | $6.24B | $6.24B | $7.49B | $7.49B | $7.49B | $7.49B |
| Lease obligations | — | — | — | — | — | — | — | — | — | $172.2M | — | — |
| Other long-term liabilities | $8.23B | $1.27B | $1.38B | $1.37B | $1.40B | $1.45B | $1.42B | $1.42B | $1.42B | $1.62B | $1.73B | $1.72B |
| Total liabilities | $11.30B | $10.92B | $11.05B | $11.45B | $12.26B | $12.00B | $11.97B | $12.22B | $12.55B | $12.35B | $12.69B | $13.05B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $2.92B | $2.92B | $2.92B | $2.92B | $2.92B | $2.92B | $2.92B | $2.92B | $2.92B | $2.92B | $2.92B | $2.92B |
| Retained earnings (deficit) | $4.26B | $4.17B | $5.96B | $5.92B | $6.76B | $6.76B | $6.67B | $6.69B | $6.57B | $6.28B | $7.01B | $6.87B |
| Accumulated other comprehensive income | $6.6M | $7.4M | $34.1M | $9.5M | $16.7M | $16.3M | −$42.9M | −$37.3M | −$16.1M | −$35.5M | −$43.8M | −$38.7M |
| Minority interest | — | $0 | — | — | — | $0 | — | — | — | — | — | — |
| Total shareholders' equity | $6.40B | $6.36B | $8.16B | $8.09B | $8.92B | $8.93B | $8.78B | $8.80B | $8.70B | $8.44B | $9.15B | $9.00B |
| Key figures | ||||||||||||
| Total debt | $7.76B | $7.27B | $6.56B | $7.62B | $8.28B | $8.07B | $8.15B | $8.46B | $8.77B | $8.61B | $8.68B | $9.07B |
| Net cash (debt) | −$7.39B | −$7.05B | −$6.50B | −$7.58B | −$7.58B | −$8.00B | −$8.10B | −$8.43B | −$8.64B | −$8.54B | −$8.60B | −$9.01B |
| Working capital | $294.4M | −$305.9M | −$317.3M | −$393.4M | $210.5M | −$1.25B | −$1.34B | −$1.35B | −$230.6M | −$92.3M | −$185.1M | −$364.0M |
| Tangible book value | −$3.53B | −$3.59B | −$3.76B | −$3.84B | −$4.00B | −$3.99B | −$4.21B | −$4.68B | −$4.82B | −$4.37B | −$5.11B | −$5.27B |
| Book value per share | $13.34 | $13.27 | $17.05 | $16.96 | $18.59 | $18.68 | $18.32 | $18.36 | $18.10 | $17.63 | $19.07 | $18.77 |
| Shares outstanding | 480.0M | 479.0M | 478.9M | 477.0M | 479.6M | 478.2M | 479.3M | 479.3M | 480.3M | 478.8M | 480.0M | 479.8M |
| Current ratio | 1.10 | 0.90 | 0.90 | 0.89 | 1.06 | 0.71 | 0.69 | 0.70 | 0.94 | 0.97 | 0.95 | 0.91 |
| Quick ratio | 0.34 | 0.27 | 0.25 | 0.24 | 0.40 | 0.19 | 0.19 | 0.20 | 0.29 | 0.29 | 0.29 | 0.27 |
| Debt / equity | 1.21 | 1.14 | 0.80 | 0.94 | 0.93 | 0.90 | 0.93 | 0.96 | 1.01 | 1.02 | 0.95 | 1.01 |
| Equity / assets | 36.2% | 36.8% | 42.5% | 41.4% | 42.1% | 42.7% | 42.3% | 41.9% | 40.9% | 40.5% | 41.8% | 40.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed July 15, 2026); data from EODHD.
CAG financial position
At the end of fiscal 2026 (May 31, 2026), Conagra Brands had total assets of $17.3 billion (down 17.5% from a year earlier), total liabilities of $10.9 billion and shareholders' equity of $6.4 billion. It held $218.0 million in cash and short-term investments against $7.3 billion of debt, net debt of $7.1 billion. Its current ratio was 0.90. In the latest quarter (ended August 31, 2026) total assets were $17.7 billion and equity $6.4 billion.
Related: CAG income statement, CAG cash flow statement, CAG key metrics. See the CAG stock overview for the latest quote and news.
CAG balance sheet FAQ
What are Conagra Brands's total assets?
Conagra Brands reported total assets of $17.3 billion at the end of fiscal 2026 (May 31, 2026), compared with $20.9 billion a year earlier.
How much debt does Conagra Brands have?
Conagra Brands had $7.3 billion of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was 1.14.
How much cash does Conagra Brands have?
Conagra Brands held $218.0 million in cash and short-term investments at the end of fiscal 2026; with $7.3 billion of debt that is net debt of $7.1 billion.
What is Conagra Brands's book value?
Conagra Brands's shareholders' equity (book value) was $6.4 billion at the end of fiscal 2026, or $13.27 per share.
What is Conagra Brands's current ratio?
Conagra Brands had current assets of $2.9 billion and current liabilities of $3.2 billion, a current ratio of 0.90 (current liabilities exceed current assets).
How much goodwill does Conagra Brands have?
Conagra Brands carried $9.9 billion of goodwill and intangible assets, 57.6% of total assets, at the end of fiscal 2026.