Charles River Laboratories International, Inc. (CRL) Balance Sheet
CRL balance sheet, 2025
December 31, 2025 · U.S. dollars$7.14B assets = $3.92B liabilities + $3.21B equity
Both columns are drawn to the same scale: what CRL owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CRL financial health
Current ratio1.29
Adequate · current assets cover current liabilities 1.29×
Debt / equity0.97
Moderate leverage · $0.97 of debt for each $1 of equity
Equity / assets44.4%
Equity-funded · of assets funded by shareholders
Cash / debt7.0%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles43.5%
Acquisition-heavy · of total assets
Descriptive bands, not a rating. Fiscal 2025.
CRL balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.71B2016 | $7.14B2025 | +11.3%/yr | |
| Total liabilities | $1.86B2016 | $3.92B2025 | +8.7%/yr | |
| Shareholders’ equity | $836.8M2016 | $3.16B2025 | +15.9%/yr | |
| Cash & short-term investments | $117.6M2016 | $213.8M2025 | +6.9%/yr | |
| Total debt | $1.24B2016 | $3.07B2025 | +10.6%/yr | |
| Net cash (debt) | −$1.12B2016 | −$2.85B2025 | −$1.7B | |
| Working capital | $227.2M2016 | $326.7M2025 | +$99.5M | |
| Book value per share | $17.452016 | $63.852025 | +15.5%/yr | |
| Current ratio | 1.532016 | 1.292025 | −0.24 | |
| Debt / equity | 1.482016 | 0.972025 | −0.51 | |
| Shares outstanding | 48.0M2016 | 49.6M2025 | +0.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CRL assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
CRL liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
CRL debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CRL balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $213.8M | $194.6M | $276.8M | $233.9M | $246.3M | $229.4M | $239.0M | $195.4M | $163.8M | $117.6M |
| Cash & equivalents | $213.8M | $194.6M | $276.8M | $233.9M | $245.2M | $228.4M | $238.0M | $195.4M | $163.8M | $117.6M |
| Short-term investments | — | $62,000 | $68,000 | $998,000 | $1.1M | $1.0M | $941,000 | $885,000 | $28.5M | $3.8M |
| Receivables | $708.9M | $720.9M | $780.4M | $752.4M | $650.4M | $617.7M | $514.0M | $472.2M | $430.0M | $364.1M |
| Inventory | $299.1M | $278.5M | $380.3M | $255.8M | $199.1M | $185.7M | $160.7M | $127.9M | $115.0M | $95.8M |
| Other current assets | $225.3M | $209.0M | $171.3M | $196.9M | $178.3M | $168.2M | $107.7M | $102.3M | $117.9M | $79.3M |
| Total current assets | $1.45B | $1.40B | $1.61B | $1.44B | $1.27B | $1.20B | $1.02B | $897.8M | $826.6M | $656.8M |
| Property, plant & equipment (net) | $2.02B | $2.02B | $2.03B | $1.86B | $1.58B | $1.30B | $1.18B | $932.9M | $782.0M | $755.8M |
| Goodwill & intangible assets | $3.10B | $3.57B | $3.96B | $3.81B | $3.77B | $2.60B | $2.23B | $1.86B | $1.17B | $1.18B |
| Long-term investments | $207.0M | $218.3M | $243.8M | $311.6M | $201.4M | $221.8M | $123.0M | $88.6M | $71.1M | $45.3M |
| Other non-current assets | $360.5M | $320.4M | $349.7M | $189.5M | $191.8M | $168.6M | $134.3M | $78.6M | $75.6M | $71.8M |
| Total assets | $7.14B | $7.53B | $8.20B | $7.60B | $7.02B | $5.49B | $4.69B | $3.86B | $2.93B | $2.71B |
| Liabilities | ||||||||||
| Accounts payable | $148.8M | $140.3M | $168.9M | $205.9M | $198.1M | $122.5M | $111.5M | $66.2M | $77.8M | $68.5M |
| Short-term debt | $61.1M | $114.0M | $441.1M | $50.2M | $36.1M | $74.9M | $58.9M | $34.6M | $31.0M | $27.3M |
| Deferred revenue | $210.4M | $248.3M | $241.8M | $264.3M | $219.7M | $250.2M | $204.9M | $145.1M | $117.6M | $127.7M |
| Total current liabilities | $1.12B | $994.1M | $1.06B | $1.09B | $1.03B | $839.8M | $710.2M | $558.2M | $463.5M | $429.6M |
| Long-term debt | $2.14B | $2.24B | $2.65B | $2.71B | $2.66B | $1.93B | $1.85B | $1.64B | $1.11B | $1.21B |
| Lease obligations | $458.7M | $483.8M | $419.2M | $389.7M | $316.2M | $209.3M | $167.1M | — | — | — |
| Other long-term liabilities | $667.6M | $786.0M | $833.8M | $780.1M | $735.6M | $577.8M | $466.5M | $322.8M | $288.3M | $220.7M |
| Total liabilities | $3.92B | $4.02B | $4.54B | $4.58B | $4.43B | $3.35B | $3.03B | $2.52B | $1.87B | $1.86B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $492,000 | $511,000 | $513,000 | $509,000 | $505,000 | $498,000 | $489,000 | $482,000 | $2.56B | $2.48B |
| Retained earnings (deficit) | $1.39B | $1.81B | $1.89B | $1.43B | $980.8M | $625.4M | $280.3M | $42.1M | $288.7M | $165.3M |
| Treasury stock | — | — | — | — | — | — | — | −$55,000 | −$1.66B | −$1.55B |
| Accumulated other comprehensive income | −$171.8M | −$317.3M | −$196.4M | −$262.1M | −$164.7M | −$138.9M | −$178.0M | −$172.7M | −$144.7M | −$253.8M |
| Minority interest | $46.6M | $46.6M | $62.1M | $4.8M | $4.2M | $3.6M | $3.2M | $2.4M | $2.3M | $2.4M |
| Total shareholders' equity | $3.16B | $3.46B | $3.60B | $2.98B | $2.53B | $2.11B | $1.63B | $1.32B | $1.05B | $836.8M |
| Key figures | ||||||||||
| Total debt | $3.07B | $2.72B | $3.07B | $3.10B | $3.21B | $2.16B | $2.02B | $1.70B | $1.15B | $1.24B |
| Net cash (debt) | −$2.85B | −$2.53B | −$2.79B | −$2.86B | −$2.96B | −$1.93B | −$1.79B | −$1.50B | −$981.3M | −$1.12B |
| Working capital | $326.7M | $409.0M | $553.6M | $347.4M | $240.9M | $361.4M | $311.1M | $339.6M | $363.1M | $227.2M |
| Tangible book value | $60.4M | −$108.5M | −$362.2M | −$828.9M | −$1.24B | −$482.2M | −$595.4M | −$540.7M | −$129.6M | −$345.2M |
| Book value per share | $63.85 | $67.05 | $69.91 | $58.02 | $49.29 | $41.78 | $32.89 | $26.87 | $21.52 | $17.45 |
| Shares outstanding | 49.6M | 51.6M | 51.5M | 51.3M | 51.4M | 50.6M | 49.7M | 49.0M | 48.6M | 48.0M |
| Current ratio | 1.29 | 1.41 | 1.52 | 1.32 | 1.23 | 1.43 | 1.44 | 1.61 | 1.78 | 1.53 |
| Quick ratio | 0.82 | 0.92 | 1.00 | 0.90 | 0.87 | 1.01 | 1.06 | 1.20 | 1.28 | 1.12 |
| Debt / equity | 0.97 | 0.79 | 0.85 | 1.04 | 1.26 | 1.02 | 1.24 | 1.29 | 1.10 | 1.48 |
| Equity / assets | 44.4% | 46.0% | 43.9% | 39.1% | 36.1% | 38.5% | 34.8% | 34.2% | 35.7% | 30.9% |
| 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 | $192.0M | $191.8M | $213.8M | $207.7M | $182.8M | $229.4M | $194.6M | $210.2M | $179.2M | $327.0M | $276.8M | $157.2M |
| Cash & equivalents | $192.0M | $191.8M | $213.8M | $207.7M | $182.8M | $229.4M | $194.6M | $210.2M | $179.2M | $327.0M | $276.8M | $157.2M |
| Short-term investments | — | — | — | $65,000 | $65,000 | $63,000 | $62,000 | $1.1M | — | — | — | $944,000 |
| Receivables | $711.8M | $700.3M | $708.9M | $734.5M | $767.6M | $756.6M | $720.9M | $754.2M | $762.2M | $787.0M | $780.4M | $799.3M |
| Inventory | $346.3M | $359.7M | $299.1M | $302.6M | $279.6M | $290.2M | $278.5M | $336.2M | $349.1M | $361.3M | $380.3M | $293.0M |
| Other current assets | $279.1M | $237.0M | $225.3M | $287.4M | $239.9M | $230.2M | $209.0M | $194.1M | $208.7M | $192.9M | $171.3M | $194.9M |
| Total current assets | $1.53B | $1.49B | $1.45B | $1.53B | $1.47B | $1.51B | $1.40B | $1.49B | $1.50B | $1.67B | $1.61B | $1.44B |
| Property, plant & equipment (net) | $1.83B | $1.83B | $2.02B | $1.97B | $1.99B | $1.99B | $2.02B | $2.03B | $2.00B | $2.00B | $2.03B | $1.90B |
| Goodwill & intangible assets | $3.33B | $3.29B | $3.10B | $3.49B | $3.54B | $3.53B | $3.57B | $3.90B | $3.88B | $3.90B | $3.96B | $3.77B |
| Long-term investments | $206.5M | $209.7M | $207.0M | $194.6M | $216.1M | $214.0M | $218.3M | $236.0M | $231.9M | $243.5M | $243.8M | $301.8M |
| Other non-current assets | $641.4M | $914.8M | $360.5M | $327.8M | $343.4M | $342.9M | $320.4M | $345.0M | $337.3M | $340.1M | $349.7M | $189.1M |
| Total assets | $7.53B | $7.73B | $7.14B | $7.51B | $7.56B | $7.58B | $7.53B | $8.00B | $7.95B | $8.15B | $8.20B | $7.61B |
| Liabilities | ||||||||||||
| Accounts payable | $141.0M | $134.0M | $148.8M | $169.6M | $145.8M | $149.3M | $140.3M | $136.0M | $133.1M | $129.7M | $168.9M | $136.3M |
| Short-term debt | — | — | $61.1M | $2.6M | $0 | $0 | $0 | $42.9M | $3.2M | $2.6M | $441.1M | $422.2M |
| Deferred revenue | $203.0M | $194.3M | $210.4M | $237.7M | $268.3M | $250.5M | $248.3M | $252.0M | $247.2M | $256.4M | $241.8M | $250.5M |
| Total current liabilities | $1.13B | $1.09B | $1.12B | $1.12B | $1.08B | $1.05B | $994.1M | $1.01B | $947.5M | $954.8M | $1.06B | $993.8M |
| Long-term debt | $2.62B | $2.66B | $2.14B | $2.19B | $2.33B | $2.51B | $2.24B | $2.33B | $2.41B | $2.66B | $2.65B | $2.51B |
| Lease obligations | $407.7M | $393.1M | $458.7M | $443.2M | $453.7M | $475.1M | $483.8M | $432.8M | $428.6M | $418.1M | $419.2M | $390.4M |
| Other long-term liabilities | $888.9M | $985.2M | $667.6M | $755.7M | $748.1M | $778.8M | $786.0M | $837.3M | $818.3M | $833.6M | $833.8M | $748.3M |
| Total liabilities | $4.69B | $4.74B | $3.92B | $4.06B | $4.16B | $4.34B | $4.02B | $4.18B | $4.18B | $4.45B | $4.54B | $4.26B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $496,000 | $493,000 | $492,000 | $514,000 | $513,000 | $512,000 | $511,000 | $517,000 | $517,000 | $515,000 | $513,000 | $514,000 |
| Retained earnings (deficit) | $1.37B | $1.37B | $1.39B | $1.94B | $1.89B | $1.84B | $1.81B | $2.12B | $2.05B | $1.96B | $1.89B | $1.72B |
| Accumulated other comprehensive income | −$196.0M | −$191.0M | −$171.8M | −$191.6M | −$166.5M | −$265.2M | −$317.3M | −$192.9M | −$269.7M | −$249.9M | −$196.4M | −$268.1M |
| Minority interest | $48.9M | $47.7M | $46.6M | $45.4M | $46.3M | — | — | — | — | — | — | — |
| Total shareholders' equity | $2.84B | $2.94B | $3.16B | $3.41B | $3.35B | $3.19B | $3.46B | $3.78B | $3.72B | $3.64B | $3.60B | $3.31B |
| Key figures | ||||||||||||
| Total debt | $3.03B | $3.06B | $3.07B | $2.63B | $2.79B | $2.99B | $2.72B | $2.76B | $2.84B | $3.08B | $3.07B | $2.94B |
| Net cash (debt) | −$2.84B | −$2.86B | −$2.85B | −$2.42B | −$2.60B | −$2.76B | −$2.53B | −$2.55B | −$2.66B | −$2.75B | −$2.79B | −$2.78B |
| Working capital | $394.4M | $395.1M | $326.7M | $410.2M | $389.4M | $455.3M | $409.0M | $482.5M | $551.8M | $713.4M | $553.6M | $450.5M |
| Tangible book value | −$490.4M | −$348.4M | $60.4M | −$87.9M | −$185.4M | −$334.8M | −$108.5M | −$120.8M | −$157.1M | −$257.4M | −$362.2M | −$464.9M |
| Book value per share | $58.57 | $60.07 | $64.30 | $68.90 | $68.00 | $62.82 | $67.69 | $73.32 | $71.80 | $70.22 | $69.67 | $64.06 |
| Shares outstanding | 48.5M | 49.0M | 49.2M | 49.4M | 49.3M | 50.9M | 51.1M | 51.6M | 51.8M | 51.8M | 51.6M | 51.6M |
| Current ratio | 1.35 | 1.36 | 1.29 | 1.37 | 1.36 | 1.43 | 1.41 | 1.48 | 1.58 | 1.75 | 1.52 | 1.45 |
| Quick ratio | 0.80 | 0.82 | 0.82 | 0.84 | 0.88 | 0.94 | 0.92 | 0.95 | 0.99 | 1.17 | 1.00 | 0.96 |
| Debt / equity | 1.07 | 1.04 | 0.97 | 0.77 | 0.83 | 0.93 | 0.79 | 0.73 | 0.76 | 0.85 | 0.85 | 0.89 |
| Equity / assets | 37.7% | 38.0% | 44.4% | 45.3% | 44.4% | 42.1% | 46.0% | 47.3% | 46.8% | 44.7% | 43.9% | 43.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 18, 2026); data from EODHD.
CRL financial position
At the end of fiscal 2025 (December 31, 2025), Charles River had total assets of $7.1 billion (down 5.2% from a year earlier), total liabilities of $3.9 billion and shareholders' equity of $3.2 billion. It held $213.8 million in cash and short-term investments against $3.1 billion of debt, net debt of $2.9 billion. Its current ratio was 1.29. In the latest quarter (ended June 30, 2026) total assets were $7.5 billion and equity $2.8 billion.
Related: CRL income statement, CRL cash flow statement, CRL key metrics. See the CRL stock overview for the latest quote and news.
CRL balance sheet FAQ
What are Charles River's total assets?
Charles River reported total assets of $7.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $7.5 billion a year earlier.
How much debt does Charles River have?
Charles River had $3.1 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.97.
How much cash does Charles River have?
Charles River held $213.8 million in cash and short-term investments at the end of fiscal 2025; with $3.1 billion of debt that is net debt of $2.9 billion.
What is Charles River's book value?
Charles River's shareholders' equity (book value) was $3.2 billion at the end of fiscal 2025, or $63.85 per share.
What is Charles River's current ratio?
Charles River had current assets of $1.4 billion and current liabilities of $1.1 billion, a current ratio of 1.29 (it can cover its short-term obligations).
How much goodwill does Charles River have?
Charles River carried $3.1 billion of goodwill and intangible assets, 43.5% of total assets, at the end of fiscal 2025.