Carriage Services, Inc. (CSV) Balance Sheet
CSV balance sheet, 2025
December 31, 2025 · U.S. dollars$1.35B assets = $1.09B liabilities + $254.8M equity
Both columns are drawn to the same scale: what CSV owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CSV financial health
Descriptive bands, not a rating. Fiscal 2025.
CSV balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $885.1M2016 | $1.35B2025 | +4.8%/yr | |
| Total liabilities | $707.1M2016 | $1.09B2025 | +4.9%/yr | |
| Shareholders’ equity | $178.0M2016 | $254.8M2025 | +4.1%/yr | |
| Cash & short-term investments | $3.3M2016 | $1.7M2025 | −7.1%/yr | |
| Total debt | $339.9M2016 | $563.0M2025 | +5.8%/yr | |
| Net cash (debt) | −$336.6M2016 | −$561.4M2025 | −$224.7M | |
| Working capital | −$11.3M2016 | −$1.1M2025 | +$10.2M | |
| Book value per share | $10.192016 | $16.302025 | +5.4%/yr | |
| Current ratio | 0.742016 | 0.982025 | +0.24 | |
| Debt / equity | 1.912016 | 2.212025 | +0.30 | |
| Shares outstanding | 17.5M2016 | 15.6M2025 | −1.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CSV assets
CSV liabilities and equity
CSV debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CSV balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.7M | $1.2M | $1.5M | $1.2M | $1.1M | $889,000 | $716,000 | $644,000 | $952,000 | $3.3M |
| Cash & equivalents | $1.7M | $1.2M | $1.5M | $1.2M | $1.1M | $889,000 | $716,000 | $644,000 | $952,000 | $3.3M |
| Short-term investments | — | — | — | — | — | $86.6M | — | — | $0 | $0 |
| Receivables | $43.0M | $30.2M | $27.9M | $25.0M | $29.4M | $25.1M | $25.4M | $20.2M | $20.5M | $20.8M |
| Inventory | $7.8M | $7.9M | $8.3M | $7.6M | $7.3M | $7.3M | $7.0M | $6.8M | $6.5M | $6.1M |
| Other current assets | $3.7M | $5.3M | $3.9M | $4.2M | $2.3M | $2.1M | $6.7M | $1.7M | $2.1M | $2.7M |
| Total current assets | $56.1M | $44.5M | $41.7M | $38.0M | $40.2M | $35.3M | $39.9M | $29.3M | $30.1M | $33.0M |
| Property, plant & equipment (net) | $298.9M | $402.4M | $418.4M | $399.3M | $387.9M | $391.4M | $388.5M | $335.8M | $323.6M | $311.2M |
| Goodwill & intangible assets | $471.5M | $455.5M | $460.9M | $443.1M | $421.4M | $422.5M | $430.3M | $328.3M | $306.1M | $290.4M |
| Long-term investments | $0 | $0 | $0 | $312.6M | $329.1M | $296.6M | $271.0M | $224.1M | $261.7M | $250.4M |
| Other non-current assets | $519.5M | $377.1M | $347.0M | $0 | $0 | $0 | $150,000 | $0 | $0 | $0 |
| Total assets | $1.35B | $1.28B | $1.27B | $1.19B | $1.18B | $1.15B | $1.13B | $917.5M | $921.5M | $885.1M |
| Liabilities | ||||||||||
| Accounts payable | $19.0M | $15.4M | $11.9M | $11.7M | $14.2M | $11.3M | $8.4M | $10.0M | $6.5M | $10.2M |
| Short-term debt | $4.3M | $3.9M | $3.8M | $3.2M | $2.8M | $6.0M | $3.1M | $2.6M | $17.6M | $13.5M |
| Deferred revenue | $76.8M | $61.8M | $61.0M | $51.7M | $40.0M | $27.5M | $46.6M | $274,000 | $241,000 | $208,000 |
| Total current liabilities | $57.2M | $58.0M | $51.1M | $45.5M | $60.8M | $48.4M | $35.6M | $35.0M | $42.7M | $44.3M |
| Long-term debt | $537.7M | $542.9M | $585.0M | $592.3M | $557.6M | $452.0M | $190.4M | $81.0M | $343.0M | $326.6M |
| Lease obligations | $23.6M | $23.4M | $24.9M | $22.1M | $23.7M | $25.8M | $5.9M | $6.1M | $6.4M | $2.6M |
| Other long-term liabilities | $496.2M | $470.1M | $458.9M | $418.1M | $432.2M | $404.9M | $677.2M | $580.1M | $338.2M | $336.2M |
| Total liabilities | $1.09B | $1.07B | $1.09B | $1.06B | $1.05B | $905.3M | $903.2M | $696.0M | $723.9M | $707.1M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $274,000 | $269,000 | $266,000 | $264,000 | $263,000 | $260,000 | $259,000 | $257,000 | $216.4M | $215.3M |
| Retained earnings (deficit) | $294.7M | $243.2M | $210.3M | $176.8M | $135.5M | $102.3M | $86.2M | $71.7M | $57.9M | $23.0M |
| Treasury stock | — | — | — | −$278.8M | −$244.5M | −$102.0M | −$102.0M | −$94.3M | −$76.6M | −$60.3M |
| Accumulated other comprehensive income | — | — | — | $0 | — | $0 | $0 | −$162.6M | −$153.3M | −$144.7M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $254.8M | $208.6M | $173.1M | $137.1M | $128.0M | $240.5M | $226.6M | $221.5M | $197.7M | $178.0M |
| Key figures | ||||||||||
| Total debt | $563.0M | $560.9M | $604.6M | $612.7M | $578.9M | $478.3M | $519.8M | $366.4M | $360.2M | $339.9M |
| Net cash (debt) | −$561.4M | −$559.7M | −$603.1M | −$611.6M | −$577.8M | −$477.4M | −$519.1M | −$365.7M | −$359.3M | −$336.6M |
| Working capital | −$1.1M | −$13.5M | −$9.3M | −$7.5M | −$20.6M | −$13.0M | $4.3M | −$5.7M | −$12.6M | −$11.3M |
| Tangible book value | −$216.7M | −$247.0M | −$287.9M | −$305.9M | −$293.3M | −$182.0M | −$203.7M | −$106.8M | −$108.4M | −$112.5M |
| Book value per share | $16.30 | $13.50 | $11.20 | $8.73 | $7.01 | $13.30 | $12.58 | $12.05 | $11.16 | $10.19 |
| Shares outstanding | 15.6M | 15.4M | 15.5M | 15.7M | 18.3M | 18.1M | 18.0M | 18.4M | 17.7M | 17.5M |
| Current ratio | 0.98 | 0.77 | 0.82 | 0.84 | 0.66 | 0.73 | 1.12 | 0.84 | 0.71 | 0.74 |
| Quick ratio | 0.78 | 0.54 | 0.58 | 0.57 | 0.50 | 0.54 | 0.73 | 0.60 | 0.50 | 0.54 |
| Debt / equity | 2.21 | 2.69 | 3.49 | 4.47 | 4.52 | 1.99 | 2.29 | 1.65 | 1.82 | 1.91 |
| Equity / assets | 18.9% | 16.3% | 13.6% | 11.5% | 10.9% | 21.0% | 20.1% | 24.1% | 21.4% | 20.1% |
| 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 | $2.5M | $2.9M | $1.7M | $1.2M | $1.4M | $4.6M | $1.2M | $1.3M | $1.5M | $1.7M | $1.5M | $1.7M |
| Cash & equivalents | $2.5M | $2.9M | $1.7M | $1.2M | $1.4M | $4.6M | $1.2M | $1.3M | $1.5M | $1.7M | $1.5M | $1.7M |
| Short-term investments | — | — | — | — | — | — | — | −$267.2M | — | — | — | — |
| Receivables | $43.6M | $42.2M | $40.6M | $33.3M | $34.8M | $32.9M | $30.2M | $31.2M | $30.1M | $26.5M | $27.9M | $26.1M |
| Inventory | $7.7M | $7.7M | $7.8M | $7.6M | $7.6M | $7.9M | $7.9M | $8.2M | $8.3M | $8.3M | $8.3M | $9.1M |
| Other current assets | $13.7M | $4.3M | $6.0M | $8.8M | $7.5M | $4.5M | $5.3M | $2.9M | $3.3M | $3.9M | $3.9M | $3.5M |
| Total current assets | $67.6M | $57.1M | $56.1M | $50.8M | $51.3M | $49.9M | $44.5M | $43.6M | $43.1M | $40.4M | $41.7M | $40.3M |
| Property, plant & equipment (net) | $298.4M | $411.5M | $298.9M | $297.4M | $397.7M | $287.8M | $402.4M | $408.1M | $409.7M | $412.5M | $418.4M | $417.6M |
| Goodwill & intangible assets | $474.0M | $471.9M | $471.5M | $476.2M | $451.1M | $451.4M | $455.5M | $453.8M | $453.7M | $452.4M | $460.9M | $460.9M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $525.9M | $407.8M | $519.5M | $518.3M | $375.6M | $486.1M | $377.1M | $369.9M | $362.7M | $355.2M | $347.0M | $336.7M |
| Total assets | $1.37B | $1.35B | $1.35B | $1.34B | $1.28B | $1.28B | $1.28B | $1.28B | $1.27B | $1.26B | $1.27B | $1.26B |
| Liabilities | ||||||||||||
| Accounts payable | $16.3M | $12.6M | $19.0M | $17.2M | $16.7M | $14.1M | $15.4M | $15.1M | $16.2M | $12.7M | $11.9M | $11.6M |
| Short-term debt | $4.7M | $4.6M | $4.3M | $4.2M | $4.7M | $4.2M | $3.9M | $4.0M | $3.9M | $4.0M | $3.8M | $3.8M |
| Deferred revenue | $79.4M | $77.8M | $76.8M | $75.8M | $64.4M | $60.2M | $61.8M | $2.0M | $65.4M | $61.2M | $61.0M | $62.4M |
| Total current liabilities | $46.5M | $49.6M | $57.2M | $57.5M | $48.5M | $52.5M | $58.0M | $60.2M | $50.8M | $56.1M | $51.1M | $53.3M |
| Long-term debt | $526.0M | $522.3M | $537.7M | $545.8M | $522.1M | $529.3M | $542.9M | $546.2M | $555.6M | $554.4M | $579.2M | $591.7M |
| Lease obligations | $18.5M | $19.2M | $23.6M | $21.0M | $21.8M | $26.2M | $23.4M | $24.2M | $23.9M | $24.6M | $24.9M | $22.5M |
| Other long-term liabilities | $514.1M | $509.4M | $496.2M | $497.3M | $469.7M | $470.4M | $470.1M | $470.9M | $475.0M | $470.5M | $464.8M | $449.2M |
| Total liabilities | $1.09B | $1.08B | $1.09B | $1.10B | $1.04B | $1.05B | $1.07B | $1.08B | $1.08B | $1.08B | $1.09B | $1.09B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $275,000 | $275,000 | $274,000 | $274,000 | $273,000 | $273,000 | $269,000 | $269,000 | $269,000 | $268,000 | $266,000 | $266,000 |
| Retained earnings (deficit) | $320.5M | $308.2M | $294.7M | $282.4M | $275.9M | $264.1M | $243.2M | $233.4M | $223.5M | $217.2M | $210.3M | $198.6M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | $0 | $0 | — | — |
| Total shareholders' equity | $279.4M | $266.9M | $254.8M | $242.1M | $235.4M | $223.1M | $208.6M | $198.1M | $187.9M | $179.6M | $173.1M | $161.3M |
| Key figures | ||||||||||||
| Total debt | $549.3M | $546.0M | $563.0M | $561.9M | $539.8M | $546.8M | $560.9M | $564.8M | $580.1M | $579.6M | $604.6M | $611.2M |
| Net cash (debt) | −$546.7M | −$543.1M | −$561.4M | −$560.7M | −$538.4M | −$542.2M | −$559.7M | −$563.6M | −$578.6M | −$577.9M | −$603.1M | −$609.5M |
| Working capital | $21.2M | $7.5M | −$1.1M | −$6.7M | $2.9M | −$2.6M | −$13.5M | −$16.6M | −$7.6M | −$15.7M | −$9.3M | −$13.0M |
| Tangible book value | −$194.6M | −$204.9M | −$216.7M | −$234.1M | −$215.7M | −$228.4M | −$247.0M | −$255.6M | −$265.8M | −$272.9M | −$287.9M | −$299.6M |
| Book value per share | $17.63 | $16.92 | $16.20 | $15.52 | $15.16 | $14.49 | $13.38 | $12.79 | $12.20 | $11.73 | $11.20 | $10.40 |
| Shares outstanding | 15.8M | 15.8M | 15.7M | 15.6M | 15.5M | 15.4M | 15.6M | 15.5M | 15.4M | 15.3M | 15.4M | 15.5M |
| Current ratio | 1.46 | 1.15 | 0.98 | 0.88 | 1.06 | 0.95 | 0.77 | 0.72 | 0.85 | 0.72 | 0.82 | 0.76 |
| Quick ratio | 0.99 | 0.91 | 0.74 | 0.60 | 0.75 | 0.72 | 0.54 | 0.54 | 0.62 | 0.50 | 0.58 | 0.52 |
| Debt / equity | 1.97 | 2.05 | 2.21 | 2.32 | 2.29 | 2.45 | 2.69 | 2.85 | 3.09 | 3.23 | 3.49 | 3.79 |
| Equity / assets | 20.5% | 19.8% | 18.9% | 18.0% | 18.5% | 17.5% | 16.3% | 15.5% | 14.8% | 14.2% | 13.6% | 12.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
CSV financial position
At the end of fiscal 2025 (December 31, 2025), Carriage Services had total assets of $1.3 billion (up 5.2% from a year earlier), total liabilities of $1.1 billion and shareholders' equity of $254.8 million. It held $1.7 million in cash and short-term investments against $563.0 million of debt, net debt of $561.4 million. Its current ratio was 0.98. In the latest quarter (ended June 30, 2026) total assets were $1.4 billion and equity $279.4 million.
Related: CSV income statement, CSV cash flow statement, CSV key metrics. See the CSV stock overview for the latest quote and news.
CSV balance sheet FAQ
What are Carriage Services's total assets?
Carriage Services reported total assets of $1.3 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.3 billion a year earlier.
How much debt does Carriage Services have?
Carriage Services had $563.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 2.21.
How much cash does Carriage Services have?
Carriage Services held $1.7 million in cash and short-term investments at the end of fiscal 2025; with $563.0 million of debt that is net debt of $561.4 million.
What is Carriage Services's book value?
Carriage Services's shareholders' equity (book value) was $254.8 million at the end of fiscal 2025, or $16.30 per share.
What is Carriage Services's current ratio?
Carriage Services had current assets of $56.1 million and current liabilities of $57.2 million, a current ratio of 0.98 (current liabilities exceed current assets).
How much goodwill does Carriage Services have?
Carriage Services carried $471.5 million of goodwill and intangible assets, 35.0% of total assets, at the end of fiscal 2025.