Cass Information Systems, Inc. (CASS) Balance Sheet
CASS balance sheet, 2025
December 31, 2025 · U.S. dollars$2.61B assets = $2.36B liabilities + $243.0M equity
Both columns are drawn to the same scale: what CASS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CASS financial health
Descriptive bands, not a rating. Fiscal 2025.
CASS balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.50B2016 | $2.61B2025 | +6.3%/yr | |
| Total liabilities | $1.30B2016 | $2.36B2025 | +6.9%/yr | |
| Shareholders’ equity | $208.0M2016 | $243.0M2025 | +1.7%/yr | |
| Cash & short-term investments | $539.2M2016 | $392.3M2025 | −3.5%/yr | |
| Total debt | $407.3M2016 | $4.5M2025 | −39.4%/yr | |
| Net cash (debt) | $131.9M2016 | $387.8M2025 | +$255.8M | |
| Working capital | −$512.4M2016 | $107.6M2025 | +$620.0M | |
| Book value per share | $13.942016 | $18.052025 | +2.9%/yr | |
| Current ratio | 0.202016 | 1.102025 | +0.89 | |
| Debt / equity | 1.962016 | 0.022025 | −1.94 | |
| Shares outstanding | 14.9M2016 | 13.5M2025 | −1.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CASS assets
CASS liabilities and equity
CASS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CASS balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $392.3M | $877.7M | $999.6M | $955.4M | $1.19B | $670.5M | $204.0M | $635.9M | $640.0M | $539.2M |
| Cash & equivalents | $392.3M | $349.7M | $372.5M | $200.9M | $514.9M | $670.5M | $204.0M | $194.3M | $169.5M | $148.7M |
| Short-term investments | $770.8M | $528.0M | $627.1M | $754.5M | $673.5M | $357.7M | $422.7M | $441.5M | $470.5M | $390.6M |
| Receivables | $1.12B | $55.9M | $110.7M | $95.8M | $5.0M | $879.7M | $762.1M | $711.4M | $676.0M | $654.7M |
| Inventory | $0 | $0 | $1 | $296.7M | $514.9M | −$209.2M | −$558.1M | $1 | −$1.01B | $1 |
| Other current assets | $0 | $749.1M | $573.0M | $312.0M | $51.6M | $403.8M | $764.3M | $0 | $0 | $0 |
| Total current assets | $1.23B | $1.68B | $1.68B | $1.66B | $1.76B | $1.74B | $1.17B | $635.9M | $76.1M | $129.9M |
| Property, plant & equipment (net) | $29.4M | $30.6M | $30.1M | $20.0M | $18.1M | $18.1M | $20.5M | $22.0M | $21.6M | $21.1M |
| Goodwill & intangible assets | $36.1M | $21.2M | $20.7M | $21.4M | $16.8M | $17.7M | $18.5M | $14.1M | $14.6M | $13.6M |
| Long-term investments | $770.8M | $528.0M | $627.1M | $754.5M | $1.18B | $879.7M | $422.7M | $711.4M | $676.0M | $654.7M |
| Other non-current assets | $537.3M | $132.5M | $117.5M | $117.3M | $0 | $0 | $130.3M | $311.8M | $815.0M | $685.6M |
| Total assets | $2.61B | $2.40B | $2.48B | $2.57B | $2.55B | $2.20B | $1.76B | $1.70B | $1.60B | $1.50B |
| Liabilities | ||||||||||
| Accounts payable | $1.12B | $1.13B | $1.07B | $1.07B | $1.05B | $835.4M | $684.3M | $694.4M | $715.9M | $642.3M |
| Short-term debt | $826,000 | $2.7M | $1.3M | $1.3M | — | $1.8M | $18.0M | — | — | — |
| Deferred revenue | — | — | — | $1.07B | — | $833.6M | — | — | — | — |
| Total current liabilities | $1.12B | $2.11B | $2.20B | $2.32B | $2.24B | $1.85B | $1.42B | $694.4M | $661.9M | $642.3M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $1.24B | $60.2M | $48.0M | $51.0M | $71.6M | $93.3M | $96.8M | $771.0M | $716.2M | $654.5M |
| Total liabilities | $2.36B | $2.17B | $2.25B | $2.37B | $2.31B | $1.94B | $1.52B | $1.47B | $1.43B | $1.30B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $7.8M | $7.8M | $7.8M | $7.8M | $7.8M | $7.8M | $7.8M | $7.8M | $6.5M | $6.0M |
| Retained earnings (deficit) | $167.1M | $148.5M | $145.8M | $131.7M | $112.2M | $99.1M | $90.3M | $75.2M | $59.3M | $118.4M |
| Treasury stock | — | — | — | — | −$78.9M | −$50.5M | −$45.4M | −$40.0M | −$32.1M | −$30.2M |
| Accumulated other comprehensive income | −$26.8M | −$45.2M | −$47.5M | −$59.3M | $453,000 | −$14,999 | −$13.9M | −$18.9M | −$13.3M | −$14.5M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $243.0M | $229.0M | $229.8M | $206.3M | $245.8M | $261.2M | $244.2M | $229.8M | $225.1M | $208.0M |
| Key figures | ||||||||||
| Total debt | $4.5M | $7.4M | $8.5M | $9.5M | $378.1M | $6.2M | $18.0M | $408.7M | $396.5M | $407.3M |
| Net cash (debt) | $387.8M | $870.3M | $991.1M | $945.9M | $810.3M | $664.3M | $186.0M | $227.2M | $243.5M | $131.9M |
| Working capital | $107.6M | −$423.0M | −$517.6M | −$655.8M | −$477.6M | −$103.9M | −$251.1M | −$58.5M | −$585.8M | −$512.4M |
| Tangible book value | $206.9M | $207.8M | $209.2M | $184.9M | $229.0M | $243.5M | $225.6M | $215.7M | $210.5M | $194.4M |
| Book value per share | $18.05 | $16.62 | $16.63 | $14.94 | $17.15 | $17.93 | $16.62 | $15.42 | $15.09 | $13.94 |
| Shares outstanding | 13.5M | 13.8M | 13.8M | 13.8M | 14.3M | 14.6M | 14.7M | 14.9M | 14.9M | 14.9M |
| Current ratio | 1.10 | 0.80 | 0.76 | 0.72 | 0.79 | 0.94 | 0.82 | 0.92 | 0.11 | 0.20 |
| Quick ratio | 1.34 | 0.44 | 0.50 | 0.45 | 0.53 | 0.84 | 0.68 | 1.94 | 1.99 | 1.86 |
| Debt / equity | 0.02 | 0.03 | 0.04 | 0.05 | 1.54 | 0.02 | 0.07 | 1.78 | 1.76 | 1.96 |
| Equity / assets | 9.3% | 9.6% | 9.3% | 8.0% | 9.6% | 11.9% | 13.8% | 13.6% | 14.0% | 13.8% |
| 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 | $237.6M | $244.3M | $392.3M | $976.0M | $225.3M | $797.2M | $877.7M | $781.3M | $764.5M | $814.7M | $372.5M | $408.4M |
| Cash & equivalents | $228.5M | $244.3M | $392.3M | $258.6M | $218.2M | $220.7M | $349.7M | $230.6M | $223.7M | $192.8M | $372.5M | $23.6M |
| Short-term investments | $9.1M | $9.4M | $770.8M | $717.4M | $7.1M | $576.5M | $528.0M | $550.8M | $540.8M | $621.9M | $351.6M | $384.9M |
| Receivables | $44.7M | $5.0M | $1.12B | $49.8M | $60.3M | $40.5M | $55.9M | $30.9M | $78.4M | $32.9M | $1.11B | $1.06B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $261.4M | $1 | $0 | $1 | $437.1M |
| Other current assets | $0 | $260.6M | $0 | $0 | $1.27B | $740.5M | $749.1M | $459.9M | $722.1M | $623.3M | $198.9M | $0 |
| Total current assets | $273.2M | $509.9M | $1.23B | $308.4M | $1.56B | $1.58B | $1.68B | $1.53B | $1.57B | $1.47B | $1.68B | $1.72B |
| Property, plant & equipment (net) | $29.8M | $29.9M | $29.4M | $30.3M | $30.7M | $31.7M | $30.6M | $34.3M | $33.5M | $32.6M | $30.1M | $34.7M |
| Goodwill & intangible assets | $19.3M | $35.8M | $36.1M | $20.2M | $20.5M | $20.8M | $21.2M | $20.1M | $20.3M | $20.5M | $20.7M | $20.8M |
| Long-term investments | $736.8M | $785.3M | $770.8M | $717.4M | $599.5M | $576.5M | $528.0M | $550.8M | $540.8M | $621.9M | $627.1M | $615.9M |
| Other non-current assets | $1.46B | $1.17B | $537.3M | $1.38B | $106.5M | $111.3M | $132.5M | $122.0M | $123.0M | $147.7M | $117.5M | $111.5M |
| Total assets | $2.52B | $2.53B | $2.61B | $2.45B | $2.32B | $2.32B | $2.40B | $2.26B | $2.28B | $2.29B | $2.48B | $2.50B |
| Liabilities | ||||||||||||
| Accounts payable | $1.03B | $1.00B | $1.12B | $1.13B | $1.04B | $1.02B | $1.13B | $936.5M | $996.8M | $944.8M | $1.07B | $1.08B |
| Short-term debt | $80.0M | $145.0M | $826,000 | $833,000 | $1.7M | $1.7M | $2.7M | $2.7M | $2.7M | $2.6M | $1.3M | $1.3M |
| Deferred revenue | — | — | — | — | — | — | — | — | −$1.3M | −$1.3M | — | $1.08B |
| Total current liabilities | $80.8M | $2.29B | $1.12B | $1.13B | $1.41B | $1.38B | $2.11B | $1.33B | $1.37B | $1.36B | $2.20B | $1.59B |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $2.19B | $0 | $1.24B | $1.08B | $667.0M | $703.3M | $60.2M | $692.7M | $682.5M | $705.1M | $48.0M | $703.8M |
| Total liabilities | $2.27B | $2.29B | $2.36B | $2.21B | $2.08B | $2.08B | $2.17B | $2.02B | $2.05B | $2.06B | $2.25B | $2.30B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $7.8M | $7.8M | $7.8M | $7.8M | $7.8M | $7.8M | $7.8M | $7.8M | $7.8M | $7.8M | $7.8M | $7.8M |
| Retained earnings (deficit) | $178.3M | $171.8M | $167.1M | $163.0M | $158.0M | $153.3M | $148.5M | $148.1M | $149.2M | $148.8M | $145.8M | $141.4M |
| Accumulated other comprehensive income | −$30.9M | −$30.2M | −$26.8M | −$29.4M | −$32.7M | −$39.5M | −$45.2M | −$39.1M | −$49.6M | −$49.2M | −$47.5M | −$66.9M |
| Total shareholders' equity | $244.7M | $241.8M | $243.0M | $243.4M | $240.8M | $234.2M | $229.0M | $237.6M | $229.9M | $229.5M | $229.8M | $206.2M |
| Key figures | ||||||||||||
| Total debt | $80.0M | $145.0M | $4.5M | $8.5M | $4.9M | $5.0M | $7.4M | $7.7M | $8.0M | $8.2M | $8.5M | $8.7M |
| Net cash (debt) | $157.6M | $99.3M | $387.8M | $967.5M | $220.4M | $792.1M | $870.3M | $773.6M | $756.6M | $806.5M | $364.0M | $399.7M |
| Working capital | $192.3M | −$1.78B | $107.6M | −$821.9M | $150.5M | $197.2M | −$423.0M | $203.2M | $194.9M | $111.9M | −$517.6M | $127.2M |
| Tangible book value | $225.4M | $206.0M | $206.9M | $223.2M | $220.3M | $213.5M | $207.8M | $217.5M | $209.6M | $209.0M | $209.2M | $185.4M |
| Book value per share | $18.72 | $18.34 | $18.38 | $18.17 | $17.81 | $17.17 | $16.70 | $17.24 | $16.63 | $16.65 | $16.71 | $14.95 |
| Shares outstanding | 13.1M | 13.2M | 13.2M | 13.4M | 13.5M | 13.6M | 13.7M | 13.8M | 13.8M | 13.8M | 13.8M | 13.8M |
| Current ratio | 3.38 | 0.22 | 1.10 | 0.27 | 1.11 | 1.14 | 0.80 | 1.15 | 1.14 | 1.08 | 0.76 | 1.08 |
| Quick ratio | 3.49 | 0.11 | 1.34 | 0.91 | 0.20 | 0.61 | 0.44 | 0.61 | 0.62 | 0.62 | 0.67 | 0.92 |
| Debt / equity | 0.33 | 0.60 | 0.02 | 0.04 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 |
| Equity / assets | 9.7% | 9.5% | 9.3% | 9.9% | 10.4% | 10.1% | 9.6% | 10.5% | 10.1% | 10.0% | 9.3% | 8.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 6, 2026); data from EODHD.
CASS financial position
At the end of fiscal 2025 (December 31, 2025), Cass Information Systems had total assets of $2.6 billion (up 8.8% from a year earlier), total liabilities of $2.4 billion and shareholders' equity of $243.0 million. It held $392.3 million in cash and short-term investments against $4.5 million of debt, a net cash position of $387.8 million. Its current ratio was 1.10. In the latest quarter (ended June 30, 2026) total assets were $2.5 billion and equity $244.7 million.
Related: CASS income statement, CASS cash flow statement, CASS key metrics. See the CASS stock overview for the latest quote and news.
CASS balance sheet FAQ
What are Cass Information Systems's total assets?
Cass Information Systems reported total assets of $2.6 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.4 billion a year earlier.
How much debt does Cass Information Systems have?
Cass Information Systems had $4.5 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.02.
How much cash does Cass Information Systems have?
Cass Information Systems held $392.3 million in cash and short-term investments at the end of fiscal 2025; with $4.5 million of debt that is net cash of $387.8 million.
What is Cass Information Systems's book value?
Cass Information Systems's shareholders' equity (book value) was $243.0 million at the end of fiscal 2025, or $18.05 per share.
What is Cass Information Systems's current ratio?
Cass Information Systems had current assets of $1.2 billion and current liabilities of $1.1 billion, a current ratio of 1.10 (it can cover its short-term obligations).
How much goodwill does Cass Information Systems have?
Cass Information Systems carried $36.1 million of goodwill and intangible assets, 1.4% of total assets, at the end of fiscal 2025.