Comtech Telecommunications Corp. (CMTL) Balance Sheet
CMTL balance sheet, FY2026
July 31, 2026 · U.S. dollars$695.8M assets = $434.9M liabilities + $260.9M equity
Both columns are drawn to the same scale: what CMTL owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CMTL financial health
Descriptive bands, not a rating. Fiscal FY2026.
CMTL balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $832.1MFY2017 | $695.8MFY2026 | −2.0%/yr | |
| Total liabilities | $351.9MFY2017 | $434.9MFY2026 | +2.4%/yr | |
| Shareholders’ equity | $480.1MFY2017 | $260.9MFY2026 | −6.6%/yr | |
| Cash & short-term investments | $41.8MFY2017 | $35.0MFY2026 | −2.0%/yr | |
| Total debt | $195.8MFY2017 | $218.0MFY2026 | +1.2%/yr | |
| Net cash (debt) | −$154.0MFY2017 | −$183.0MFY2026 | −$29.0M | |
| Working capital | $96.8MFY2017 | −$47.3MFY2026 | −$144.1M | |
| Book value per share | $20.44FY2017 | $8.74FY2026 | −9.0%/yr | |
| Current ratio | 1.67FY2017 | 0.84FY2026 | −0.83 | |
| Debt / equity | 0.41FY2017 | 0.84FY2026 | +0.43 | |
| Shares outstanding | 23.5MFY2017 | 29.8MFY2026 | +2.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CMTL assets
CMTL liabilities and equity
CMTL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CMTL balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $35.0M | $40.0M | $32.4M | $19.0M | $21.7M | $30.9M | $47.9M | $45.6M | $43.5M | $41.8M |
| Cash & equivalents | $35.0M | $40.0M | $32.4M | $19.0M | $21.7M | $30.9M | $47.9M | $45.6M | $43.5M | $41.8M |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $0 |
| Receivables | $67.8M | $144.8M | $195.6M | $163.2M | $123.7M | $158.1M | $126.8M | $145.0M | $147.4M | $125.0M |
| Inventory | $10.5M | $69.0M | $93.1M | $105.8M | $96.3M | $80.4M | $82.3M | $74.8M | $75.1M | $60.6M |
| Other current assets | $130.0M | $16.4M | $15.4M | $17.5M | $21.6M | $18.2M | $20.1M | $14.9M | $13.8M | $13.6M |
| Total current assets | $243.3M | $270.2M | $336.6M | $305.5M | $263.3M | $287.5M | $277.1M | $280.3M | $279.8M | $241.0M |
| Property, plant & equipment (net) | $40.9M | $74.2M | $78.9M | $97.4M | $100.1M | $79.8M | $57.1M | $28.0M | $29.0M | $32.8M |
| Goodwill & intangible assets | $296.8M | $377.7M | $479.0M | $573.6M | $595.0M | $616.4M | $588.5M | $572.4M | $531.4M | $552.5M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $114.8M | $18.7M | $18.0M | $19.7M | $15.8M | $9.4M | $6.9M | $7.0M | $4.9M | $5.7M |
| Total assets | $695.8M | $740.8M | $912.4M | $996.2M | $974.3M | $993.1M | $929.6M | $887.7M | $845.2M | $832.1M |
| Liabilities | ||||||||||
| Accounts payable | $20.8M | $26.0M | $42.5M | $64.2M | $44.6M | $36.2M | $23.4M | $24.3M | $43.9M | $29.4M |
| Short-term debt | $124.2M | $11.3M | $11.9M | $13.0M | $8.7M | $8.8M | $8.2M | $757,000 | $19.0M | $17.8M |
| Deferred revenue | $43.8M | $62.5M | $65.8M | $66.4M | $64.6M | $66.1M | $40.2M | $38.7M | $34.5M | $25.8M |
| Total current liabilities | $290.6M | $158.2M | $183.5M | $212.0M | $193.5M | $203.6M | $159.7M | $145.3M | $165.3M | $144.2M |
| Long-term debt | $0 | $210.0M | $170.5M | $160.0M | $130.0M | $201.0M | $149.5M | $165.0M | $148.9M | $178.0M |
| Lease obligations | — | $36.6M | $38.1M | $50.4M | $53.1M | $48.4M | $32.4M | $757,000 | $765,000 | $1.8M |
| Other long-term liabilities | $144.3M | $78.6M | $72.1M | $73.7M | $79.1M | $87.8M | $71.1M | $42.3M | $25.3M | $29.7M |
| Total liabilities | $434.9M | $446.9M | $426.1M | $445.7M | $402.5M | $492.4M | $380.3M | $352.6M | $339.5M | $351.9M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $4.5M | $4.4M | $4.4M | $4.3M | $4.3M | $4.1M | $4.0M | $3.9M | $542.3M | $536.9M |
| Retained earnings (deficit) | −$43.1M | −$6.9M | $103.6M | $238.9M | $278.7M | $333.0M | $417.3M | $420.3M | $405.2M | $385.1M |
| Treasury stock | — | — | — | — | −$441.8M | −$441.8M | −$441.8M | −$441.8M | −$441.8M | −$441.8M |
| Accumulated other comprehensive income | — | — | — | — | $0 | $0 | $0 | −$146.1M | −$139.4M | −$127.2M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $260.9M | $294.0M | $486.3M | $550.5M | $571.8M | $500.7M | $549.3M | $535.1M | $505.7M | $480.1M |
| Key figures | ||||||||||
| Total debt | $218.0M | $250.7M | $212.7M | $214.8M | $183.1M | $249.4M | $181.9M | $165.8M | $167.9M | $195.8M |
| Net cash (debt) | −$183.0M | −$210.7M | −$180.2M | −$195.9M | −$161.5M | −$218.5M | −$134.0M | −$120.2M | −$124.4M | −$154.0M |
| Working capital | −$47.3M | $111.9M | $153.0M | $93.5M | $69.9M | $83.9M | $117.4M | $135.0M | $114.5M | $96.8M |
| Tangible book value | −$35.9M | −$83.8M | $7.3M | −$23.1M | −$23.2M | −$115.7M | −$39.2M | −$37.3M | −$25.7M | −$72.4M |
| Book value per share | $8.74 | $10.00 | $16.89 | $19.66 | $21.57 | $19.49 | $22.06 | $22.02 | $21.04 | $20.44 |
| Shares outstanding | 29.8M | 29.4M | 28.8M | 28.0M | 26.5M | 25.7M | 24.9M | 24.3M | 24.0M | 23.5M |
| Current ratio | 0.84 | 1.71 | 1.83 | 1.44 | 1.36 | 1.41 | 1.73 | 1.93 | 1.69 | 1.67 |
| Quick ratio | 0.35 | 1.17 | 1.24 | 0.86 | 0.75 | 0.93 | 1.09 | 1.31 | 1.15 | 1.16 |
| Debt / equity | 0.84 | 0.85 | 0.44 | 0.39 | 0.32 | 0.50 | 0.33 | 0.31 | 0.33 | 0.41 |
| Equity / assets | 37.5% | 39.7% | 53.3% | 55.3% | 58.7% | 50.4% | 59.1% | 60.3% | 59.8% | 57.7% |
| 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 | $35.0M | $28.5M | $32.8M | $43.6M | $40.0M | $28.4M | $26.7M | $29.6M | $32.4M | $27.2M | $40.0M | $18.1M |
| Cash & equivalents | $35.0M | $28.5M | $32.8M | $43.6M | $40.0M | $28.4M | $26.7M | $29.6M | $32.4M | $27.2M | $40.0M | $18.1M |
| Receivables | $67.8M | $127.8M | $127.9M | $140.3M | $57.7M | $151.5M | $167.2M | $180.9M | $195.6M | $199.6M | $198.5M | $185.1M |
| Inventory | $10.5M | $61.8M | $66.0M | $67.8M | $69.0M | $77.7M | $81.4M | $81.8M | $93.1M | $96.1M | $85.8M | $85.4M |
| Other current assets | $130.0M | $18.6M | $14.9M | $14.8M | $103.5M | $17.1M | $14.3M | $14.2M | $15.4M | $21.4M | $19.0M | $65.1M |
| Total current assets | $243.3M | $236.7M | $241.6M | $266.6M | $270.2M | $274.7M | $289.5M | $306.6M | $336.6M | $344.4M | $343.2M | $353.7M |
| Property, plant & equipment (net) | $40.9M | $75.7M | $76.5M | $76.3M | $74.2M | $75.6M | $75.5M | $76.3M | $78.9M | $84.4M | $87.5M | $87.9M |
| Goodwill & intangible assets | $296.8M | $363.0M | $367.6M | $372.7M | $377.7M | $382.8M | $387.8M | $392.9M | $479.0M | $543.1M | $548.4M | $553.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $114.8M | $18.0M | $18.1M | $18.5M | $18.7M | $18.1M | $17.7M | $17.5M | $18.0M | $19.0M | $17.6M | $17.2M |
| Total assets | $695.8M | $693.5M | $703.8M | $734.1M | $740.8M | $751.1M | $770.6M | $793.2M | $912.4M | $991.0M | $996.8M | $1.01B |
| Liabilities | ||||||||||||
| Accounts payable | $20.8M | $22.2M | $24.1M | $26.0M | $26.0M | $27.2M | $43.1M | $43.5M | $42.5M | $54.5M | $42.5M | $66.5M |
| Short-term debt | $124.2M | $10.5M | $10.3M | $10.5M | — | $221.9M | $222.5M | $213.8M | $11.9M | $11.7M | $176.2M | $191.7M |
| Deferred revenue | $43.8M | $65.1M | $58.1M | $59.4M | — | $64.4M | $65.6M | $69.1M | $65.8M | $61.0M | $65.8M | $63.1M |
| Total current liabilities | $290.6M | $147.2M | $143.3M | $156.9M | $158.2M | $372.7M | $385.3M | $383.3M | $183.5M | $193.4M | $347.3M | $390.9M |
| Long-term debt | $0 | $211.1M | $211.1M | $216.8M | $210.0M | $0 | $0 | $0 | $170.5M | $157.7M | $0 | $0 |
| Lease obligations | — | $36.4M | $37.4M | $37.5M | $36.6M | $37.2M | $36.0M | $36.4M | $38.1M | $39.3M | $41.2M | $42.8M |
| Other long-term liabilities | $144.3M | $71.9M | $83.8M | $81.4M | $78.6M | $93.0M | $134.2M | $110.8M | $72.1M | $63.2M | $76.0M | $70.8M |
| Total liabilities | $434.9M | $430.2M | $438.2M | $455.1M | $446.9M | $465.6M | $519.5M | $494.1M | $426.1M | $414.3M | $423.3M | $461.7M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $4.5M | $4.5M | $4.5M | $4.5M | — | $4.4M | $4.4M | $4.4M | $4.4M | $4.4M | $4.4M | $4.3M |
| Retained earnings (deficit) | −$43.1M | −$39.9M | −$36.4M | −$22.8M | −$6.9M | −$14.8M | −$48.7M | $0 | $103.6M | $204.2M | $205.2M | $235.7M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | $0 | — | −$170.3M | $0 | −$114.03T |
| Total shareholders' equity | $260.9M | $263.3M | $265.6M | $279.0M | $294.0M | $285.5M | $251.0M | $299.1M | $486.3M | $576.7M | $573.5M | $550.8M |
| Key figures | ||||||||||||
| Total debt | $218.0M | $251.5M | $252.6M | $258.3M | $210.0M | $251.5M | $251.2M | $242.5M | $212.7M | $200.7M | $209.3M | $226.3M |
| Net cash (debt) | −$183.0M | −$223.0M | −$219.8M | −$214.7M | −$170.0M | −$223.1M | −$224.5M | −$212.8M | −$180.2M | −$173.5M | −$169.3M | −$208.2M |
| Working capital | −$47.3M | $89.5M | $98.3M | $109.7M | $111.9M | −$98.0M | −$95.8M | −$76.8M | $153.0M | $151.0M | −$4.0M | −$37.2M |
| Tangible book value | −$35.9M | −$99.8M | −$102.1M | −$93.6M | −$83.8M | −$97.3M | −$136.8M | −$93.8M | $7.3M | $33.5M | $25.0M | −$2.9M |
| Book value per share | $8.74 | $8.77 | $8.90 | $9.42 | $10.00 | $9.71 | $8.56 | $10.16 | $16.93 | $19.99 | $20.01 | $19.16 |
| Shares outstanding | 29.8M | 30.0M | 29.8M | 29.6M | 29.4M | 29.4M | 29.3M | 29.4M | 28.7M | 28.9M | 28.7M | 28.7M |
| Current ratio | 0.84 | 1.61 | 1.69 | 1.70 | 1.71 | 0.74 | 0.75 | 0.80 | 1.83 | 1.78 | 0.99 | 0.90 |
| Quick ratio | 0.35 | 1.06 | 1.12 | 1.17 | 0.62 | 0.48 | 0.50 | 0.55 | 1.24 | 1.17 | 0.69 | 0.52 |
| Debt / equity | 0.84 | 0.96 | 0.95 | 0.93 | 0.71 | 0.88 | 1.00 | 0.81 | 0.44 | 0.35 | 0.36 | 0.41 |
| Equity / assets | 37.5% | 38.0% | 37.7% | 38.0% | 39.7% | 38.0% | 32.6% | 37.7% | 53.3% | 58.2% | 57.5% | 54.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed October 14, 2026); data from EODHD.
CMTL financial position
At the end of fiscal 2026 (July 31, 2026), Comtech Telecommunications had total assets of $695.8 million (down 6.1% from a year earlier), total liabilities of $434.9 million and shareholders' equity of $260.9 million. It held $35.0 million in cash and short-term investments against $218.0 million of debt, net debt of $183.0 million. Its current ratio was 0.84.
Related: CMTL income statement, CMTL cash flow statement, CMTL key metrics. See the CMTL stock overview for the latest quote and news.
CMTL balance sheet FAQ
What are Comtech Telecommunications's total assets?
Comtech Telecommunications reported total assets of $695.8 million at the end of fiscal 2026 (July 31, 2026), compared with $740.8 million a year earlier.
How much debt does Comtech Telecommunications have?
Comtech Telecommunications had $218.0 million of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was 0.84.
How much cash does Comtech Telecommunications have?
Comtech Telecommunications held $35.0 million in cash and short-term investments at the end of fiscal 2026; with $218.0 million of debt that is net debt of $183.0 million.
What is Comtech Telecommunications's book value?
Comtech Telecommunications's shareholders' equity (book value) was $260.9 million at the end of fiscal 2026, or $8.74 per share.
What is Comtech Telecommunications's current ratio?
Comtech Telecommunications had current assets of $243.3 million and current liabilities of $290.6 million, a current ratio of 0.84 (current liabilities exceed current assets).
How much goodwill does Comtech Telecommunications have?
Comtech Telecommunications carried $296.8 million of goodwill and intangible assets, 42.7% of total assets, at the end of fiscal 2026.