CSW Industrials, Inc. (CSW) Balance Sheet
CSW balance sheet, FY2026
March 31, 2026 · U.S. dollars$2.32B assets = $1.25B liabilities + $1.07B equity
Both columns are drawn to the same scale: what CSW owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CSW financial health
Descriptive bands, not a rating. Fiscal FY2026.
CSW balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $397.7MFY2017 | $2.32BFY2026 | +21.6%/yr | |
| Total liabilities | $125.2MFY2017 | $1.25BFY2026 | +29.1%/yr | |
| Shareholders’ equity | $272.4MFY2017 | $1.05BFY2026 | +16.2%/yr | |
| Cash & short-term investments | $24.9MFY2017 | $33.8MFY2026 | +3.4%/yr | |
| Total debt | $73.2MFY2017 | $932.0MFY2026 | +32.7%/yr | |
| Net cash (debt) | −$48.3MFY2017 | −$898.2MFY2026 | −$849.9M | |
| Working capital | $108.5MFY2017 | $362.1MFY2026 | +$253.6M | |
| Book value per share | $17.20FY2017 | $62.85FY2026 | +15.5%/yr | |
| Current ratio | 3.88FY2017 | 2.60FY2026 | −1.28 | |
| Debt / equity | 0.27FY2017 | 0.89FY2026 | +0.62 | |
| Shares outstanding | 15.8MFY2017 | 16.7MFY2026 | +0.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CSW assets
CSW liabilities and equity
CSW debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CSW balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $33.8M | $225.8M | $22.2M | $18.5M | $16.6M | $16.6M | $18.3M | $26.7M | $11.7M | $24.9M |
| Cash & equivalents | $33.8M | $225.8M | $22.2M | $18.5M | $16.6M | $16.6M | $18.3M | $26.7M | $11.7M | $23.1M |
| Short-term investments | — | — | $1.2M | $877,000 | — | — | — | — | — | $1.8M |
| Receivables | $213.6M | $157.7M | $144.6M | $124.1M | $122.8M | $122.8M | $74.9M | $66.1M | $63.4M | $59.8M |
| Inventory | $309.7M | $194.9M | $150.7M | $161.6M | $150.1M | $150.1M | $53.8M | $51.4M | $43.0M | $50.4M |
| Other current assets | $32.0M | $14.4M | $13.9M | $18.9M | $10.6M | $10.6M | $3.1M | $7.1M | $9.5M | $11.1M |
| Total current assets | $589.1M | $592.9M | $331.4M | $323.1M | $300.1M | $300.1M | $150.0M | $151.3M | $127.6M | $146.3M |
| Property, plant & equipment (net) | $107.5M | $155.5M | $137.3M | $148.1M | $154.1M | $154.1M | $73.6M | $53.6M | $54.5M | $63.9M |
| Goodwill & intangible assets | $1.53B | $622.0M | $566.0M | $561.6M | $525.5M | $525.5M | $137.9M | $136.8M | $134.8M | $171.5M |
| Long-term investments | $7.3M | $2.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $80.1M | $6.2M | $8.6M | $10.7M | $15.6M | $15.6M | $7.8M | $11.0M | $24.0M | $16.0M |
| Total assets | $2.32B | $1.38B | $1.04B | $1.04B | $995.4M | $995.4M | $369.2M | $352.6M | $340.8M | $397.7M |
| Liabilities | ||||||||||
| Accounts payable | $76.9M | $54.8M | $48.4M | $40.7M | $47.8M | $47.8M | $22.0M | $19.0M | $16.8M | $10.4M |
| Short-term debt | $29.5M | $11.2M | $9.4M | $9.8M | $9.8M | $9.8M | $3.6M | $561,000 | $561,000 | $561,000 |
| Deferred revenue | $1.5M | $932,000 | $548,000 | $637,000 | $1.0M | $1.0M | $2.9M | $1.4M | $23.5M | $923,000 |
| Total current liabilities | $226.9M | $147.2M | $115.8M | $108.0M | $117.4M | $117.4M | $59.1M | $49.2M | $44.9M | $37.7M |
| Long-term debt | $839.8M | $0 | $166.0M | $253.0M | $252.2M | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $75.5M | $69.4M | $49.4M | $65.4M | $72.5M | — | — | — | — | — |
| Other long-term liabilities | $179.6M | $139.4M | $126.4M | $138.3M | $141.3M | $393.5M | $33.4M | $39.8M | $30.2M | $87.5M |
| Total liabilities | $1.25B | $286.6M | $408.2M | $499.3M | $510.9M | $510.9M | $92.5M | $88.9M | $75.1M | $125.2M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $178,000 | $177,000 | $164,000 | $163,000 | $162,000 | $162,000 | $159,000 | $158,000 | $158,000 | $157,000 |
| Retained earnings (deficit) | $799.0M | $705.0M | $583.1M | $493.3M | $407.5M | $407.5M | $315.1M | $277.6M | $233.7M | $245.0M |
| Accumulated other comprehensive income | −$11.1M | −$12.1M | −$9.1M | −$8.4M | −$5.1M | −$5.1M | −$11.4M | −$10.7M | −$7.5M | −$10.4M |
| Minority interest | $19.0M | $20.2M | $19.4M | $18.5M | — | — | — | — | — | — |
| Total shareholders' equity | $1.05B | $1.07B | $615.7M | $525.7M | $469.1M | $469.1M | $276.7M | $263.7M | $265.8M | $272.4M |
| Key figures | ||||||||||
| Total debt | $932.0M | $69.4M | $233.6M | $318.4M | $325.3M | $325.3M | $29.1M | $31.5M | $24.0M | $73.2M |
| Net cash (debt) | −$898.2M | $156.5M | −$211.4M | −$299.9M | −$308.7M | −$308.7M | −$10.8M | −$4.8M | −$12.3M | −$48.3M |
| Working capital | $362.1M | $445.7M | $215.6M | $215.0M | $182.7M | $182.7M | $90.9M | $102.1M | $82.7M | $108.5M |
| Tangible book value | −$482.3M | $450.2M | $49.7M | −$36.0M | −$56.4M | −$56.4M | $138.9M | $126.9M | $130.9M | $101.0M |
| Book value per share | $62.85 | $65.73 | $39.52 | $33.81 | $29.68 | $31.01 | $18.20 | $16.98 | $16.96 | $17.20 |
| Shares outstanding | 16.7M | 16.3M | 15.6M | 15.5M | 15.8M | 15.1M | 15.2M | 15.5M | 15.7M | 15.8M |
| Current ratio | 2.60 | 4.03 | 2.86 | 2.99 | 2.56 | 2.56 | 2.54 | 3.08 | 2.84 | 3.88 |
| Quick ratio | 1.09 | 2.61 | 1.44 | 1.32 | 1.19 | 1.19 | 1.58 | 1.89 | 1.67 | 2.25 |
| Debt / equity | 0.89 | 0.06 | 0.38 | 0.61 | 0.69 | 0.69 | 0.11 | 0.12 | 0.09 | 0.27 |
| Equity / assets | 45.3% | 77.8% | 59.0% | 50.4% | 47.1% | 47.1% | 74.9% | 74.8% | 78.0% | 68.5% |
| 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 | $47.5M | $33.8M | $40.2M | $31.5M | $38.0M | $225.8M | $213.8M | $273.2M | $18.9M | $22.2M | $25.0M | $13.8M |
| Cash & equivalents | $47.5M | $33.8M | $40.2M | $31.5M | $38.0M | $225.8M | $213.8M | $273.2M | $18.9M | $22.2M | $25.0M | $13.8M |
| Short-term investments | — | — | — | — | — | — | — | — | $1.2M | $1.2M | $942,000 | $1.6M |
| Receivables | $233.3M | $213.6M | $144.5M | $159.4M | $179.4M | $157.7M | $114.8M | $135.3M | $143.2M | $144.6M | $104.5M | $126.3M |
| Inventory | $305.2M | $309.7M | $315.4M | $234.6M | $217.7M | $194.9M | $202.8M | $183.7M | $156.8M | $150.7M | $151.4M | $151.2M |
| Other current assets | $30.0M | $32.0M | $34.5M | $22.4M | $16.0M | $14.4M | $32.1M | $17.3M | $12.4M | $13.9M | $26.6M | $27.3M |
| Total current assets | $616.0M | $589.1M | $534.7M | $447.8M | $451.0M | $592.9M | $563.5M | $609.5M | $331.2M | $331.4M | $307.5M | $318.6M |
| Property, plant & equipment (net) | $107.3M | $107.5M | $108.2M | $166.7M | $171.5M | $155.5M | $94.2M | $95.1M | $151.1M | $137.3M | $89.3M | $129.4M |
| Goodwill & intangible assets | $1.53B | $1.53B | $1.56B | $892.1M | $901.8M | $622.0M | $622.2M | $589.2M | $559.3M | $566.0M | $548.1M | $553.1M |
| Long-term investments | $0 | $7.3M | $0 | $0 | $0 | $2.5M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $85.2M | $80.1M | $84.5M | $11.3M | $11.6M | $6.2M | $70.3M | $65.4M | $8.9M | $8.6M | $48.1M | $10.2M |
| Total assets | $2.33B | $2.32B | $2.29B | $1.52B | $1.54B | $1.38B | $1.35B | $1.36B | $1.05B | $1.04B | $993.1M | $1.01B |
| Liabilities | ||||||||||||
| Accounts payable | $82.8M | $76.9M | $73.1M | $69.1M | $64.6M | $54.8M | $52.8M | $63.2M | $55.0M | $48.4M | $43.4M | $47.1M |
| Short-term debt | $29.5M | $29.5M | $29.5M | $12.3M | $12.6M | $11.2M | $10.5M | $8.9M | $9.0M | $9.4M | $9.4M | $10.0M |
| Deferred revenue | — | $1.5M | — | $1.1M | $1.3M | $932,000 | $725,000 | $696,000 | $705,000 | $548,000 | $648,000 | $644,000 |
| Total current liabilities | $228.1M | $226.9M | $226.2M | $162.1M | $157.9M | $147.2M | $134.7M | $159.4M | $121.5M | $115.8M | $111.1M | $112.7M |
| Long-term debt | $826.0M | $839.8M | $768.3M | $60.0M | $95.0M | $0 | $0 | $0 | $115.0M | $166.0M | $0 | $0 |
| Lease obligations | — | $75.5M | — | — | — | $69.4M | — | — | — | $49.4M | — | — |
| Other long-term liabilities | $186.9M | $179.6M | $205.0M | $147.3M | $152.8M | $139.4M | $151.3M | $149.5M | $144.3M | $126.4M | $273.8M | $292.6M |
| Total liabilities | $1.24B | $1.25B | $1.20B | $369.4M | $405.7M | $286.6M | $286.0M | $308.9M | $380.8M | $408.2M | $384.9M | $405.3M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $179,000 | $178,000 | $178,000 | $178,000 | $178,000 | $177,000 | $177,000 | $177,000 | $164,000 | $164,000 | $164,000 | $163,000 |
| Retained earnings (deficit) | $843.8M | $799.0M | $783.2M | $777.5M | $741.4M | $705.0M | $674.0M | $651.1M | $618.4M | $583.1M | $554.3M | $548.0M |
| Accumulated other comprehensive income | −$9.6M | −$11.1M | −$12.2M | −$12.0M | −$10.7M | −$12.1M | −$12.7M | −$9.1M | −$10.0M | −$9.1M | −$8.6M | −$8.3M |
| Minority interest | $19.0M | $19.0M | $18.9M | — | $20.4M | $20.2M | — | — | — | — | — | — |
| Total shareholders' equity | $1.07B | $1.05B | $1.07B | $1.13B | $1.11B | $1.07B | $1.04B | $1.03B | $650.2M | $615.7M | $589.1M | $586.9M |
| Key figures | ||||||||||||
| Total debt | $855.5M | $932.0M | $797.8M | $135.5M | $174.0M | $69.4M | $68.7M | $63.2M | $179.5M | $215.4M | $197.9M | $219.1M |
| Net cash (debt) | −$808.0M | −$898.2M | −$757.5M | −$104.0M | −$136.0M | $156.5M | $145.1M | $210.0M | −$160.7M | −$193.2M | −$172.9M | −$205.2M |
| Working capital | $387.8M | $362.1M | $308.5M | $285.7M | $293.1M | $445.7M | $428.7M | $450.0M | $209.7M | $215.6M | $196.4M | $205.9M |
| Tangible book value | −$451.5M | −$482.3M | −$491.0M | $237.8M | $208.0M | $450.2M | $421.8M | $440.9M | $90.9M | $49.7M | $40.9M | $33.8M |
| Book value per share | $65.60 | $62.85 | $64.13 | $67.09 | $65.83 | $65.73 | $61.88 | $64.62 | $41.69 | $39.50 | $37.77 | $37.65 |
| Shares outstanding | 16.4M | 16.7M | 16.6M | 16.8M | 16.9M | 16.3M | 16.9M | 15.9M | 15.6M | 15.6M | 15.6M | 15.6M |
| Current ratio | 2.70 | 2.60 | 2.36 | 2.76 | 2.86 | 4.03 | 4.18 | 3.82 | 2.73 | 2.86 | 2.77 | 2.83 |
| Quick ratio | 1.23 | 1.09 | 0.82 | 1.18 | 1.38 | 2.61 | 2.44 | 2.56 | 1.33 | 1.44 | 1.17 | 1.24 |
| Debt / equity | 0.80 | 0.89 | 0.75 | 0.12 | 0.16 | 0.06 | 0.07 | 0.06 | 0.28 | 0.35 | 0.34 | 0.37 |
| Equity / assets | 46.0% | 45.3% | 46.7% | 74.4% | 72.3% | 77.8% | 77.3% | 75.8% | 61.9% | 59.0% | 59.3% | 58.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed May 26, 2026); data from EODHD.
CSW financial position
At the end of fiscal 2026 (March 31, 2026), CSW Industrials had total assets of $2.3 billion (up 68.0% from a year earlier), total liabilities of $1.2 billion and shareholders' equity of $1.1 billion. It held $33.8 million in cash and short-term investments against $932.0 million of debt, net debt of $898.2 million. Its current ratio was 2.60. In the latest quarter (ended June 30, 2026) total assets were $2.3 billion and equity $1.1 billion.
Related: CSW income statement, CSW cash flow statement, CSW key metrics. See the CSW stock overview for the latest quote and news.
CSW balance sheet FAQ
What are CSW Industrials's total assets?
CSW Industrials reported total assets of $2.3 billion at the end of fiscal 2026 (March 31, 2026), compared with $1.4 billion a year earlier.
How much debt does CSW Industrials have?
CSW Industrials had $932.0 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.89.
How much cash does CSW Industrials have?
CSW Industrials held $33.8 million in cash and short-term investments at the end of fiscal 2026; with $932.0 million of debt that is net debt of $898.2 million.
What is CSW Industrials's book value?
CSW Industrials's shareholders' equity (book value) was $1.1 billion at the end of fiscal 2026, or $62.85 per share.
What is CSW Industrials's current ratio?
CSW Industrials had current assets of $589.1 million and current liabilities of $226.9 million, a current ratio of 2.60 (it can cover its short-term obligations).
How much goodwill does CSW Industrials have?
CSW Industrials carried $1.5 billion of goodwill and intangible assets, 66.2% of total assets, at the end of fiscal 2026.