Designer Brands Inc. (DBI) Balance Sheet
DBI balance sheet, FY2026
January 31, 2026 · U.S. dollars$1.95B assets = $1.66B liabilities + $287.8M equity
Both columns are drawn to the same scale: what DBI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
DBI financial health
Current ratio1.20
Adequate · current assets cover current liabilities 1.20×
Debt / equity4.27
High leverage · $4.27 of debt for each $1 of equity
Equity / assets14.5%
Thin equity · of assets funded by shareholders
Cash / debt4.2%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles10.9%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
DBI balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.43BFY2017 | $1.95BFY2026 | +3.5%/yr | |
| Total liabilities | $491.0MFY2017 | $1.66BFY2026 | +14.5%/yr | |
| Shareholders’ equity | $937.5MFY2017 | $282.5MFY2026 | −12.5%/yr | |
| Cash & short-term investments | $209.2MFY2017 | $50.9MFY2026 | −14.5%/yr | |
| Total debt | $21.8MFY2017 | $1.21BFY2026 | +56.2%/yr | |
| Net cash (debt) | $187.4MFY2017 | −$1.16BFY2026 | −$1.3B | |
| Working capital | $442.7MFY2017 | $119.7MFY2026 | −$323.0M | |
| Book value per share | $11.41FY2017 | $5.75FY2026 | −7.3%/yr | |
| Current ratio | 2.40FY2017 | 1.20FY2026 | −1.19 | |
| Debt / equity | 0.02FY2017 | 4.27FY2026 | +4.25 | |
| Shares outstanding | 82.1MFY2017 | 49.1MFY2026 | −5.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
DBI assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
DBI liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
DBI debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
DBI balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $50.9M | $44.8M | $49.2M | $58.8M | $72.7M | $59.6M | $111.5M | $169.1M | $300.5M | $209.2M |
| Cash & equivalents | $50.9M | $44.8M | $49.2M | $58.8M | $72.7M | $59.6M | $86.6M | $99.4M | $175.9M | $110.7M |
| Short-term investments | — | — | — | — | — | $58.6M | $25.0M | $69.7M | $124.6M | $98.5M |
| Receivables | $59.4M | $50.4M | $83.6M | $77.8M | $199.8M | $196.0M | $89.2M | $68.9M | $19.2M | $19.0M |
| Inventory | $563.5M | $599.8M | $571.3M | $605.7M | $586.4M | $473.2M | $632.6M | $645.3M | $501.9M | $500.0M |
| Other current assets | $34.3M | $40.0M | $73.3M | $47.8M | $55.3M | $51.8M | $67.5M | $71.9M | $41.3M | $31.1M |
| Total current assets | $708.1M | $734.8M | $777.4M | $789.9M | $914.2M | $780.6M | $900.8M | $955.2M | $863.0M | $759.3M |
| Property, plant & equipment (net) | $888.9M | $909.8M | $941.3M | $935.8M | $904.0M | $997.0M | $1.31B | $409.6M | $355.2M | $375.3M |
| Goodwill & intangible assets | $212.1M | $215.0M | $206.6M | $129.0M | $109.2M | $109.3M | $136.5M | $135.6M | $26.0M | $114.8M |
| Long-term investments | $56.3M | $56.8M | $62.9M | $63.8M | $55.6M | $58.6M | $57.8M | $58.1M | $122.0M | $146.9M |
| Other non-current assets | $82.2M | $92.8M | $88.1M | $91.1M | $31.7M | $31.2M | $56.2M | $62.0M | $47.4M | $32.3M |
| Total assets | $1.95B | $2.01B | $2.08B | $2.01B | $2.01B | $1.98B | $2.47B | $1.62B | $1.41B | $1.43B |
| Liabilities | ||||||||||
| Accounts payable | $236.2M | $271.5M | $289.4M | $255.4M | $340.9M | $245.1M | $299.1M | $261.6M | $179.3M | $186.3M |
| Short-term debt | $182.3M | $166.7M | $173.3M | $190.1M | $202.2M | $307.3M | $186.7M | $16.5M | $17.8M | $21.8M |
| Deferred revenue | $40.6M | $43.1M | $47.6M | $52.0M | $52.5M | $45.8M | $51.6M | $35.0M | $48.4M | $45.7M |
| Total current liabilities | $588.5M | $590.4M | $622.3M | $636.1M | $758.9M | $752.7M | $680.0M | $463.2M | $324.5M | $316.6M |
| Long-term debt | $456.1M | $484.3M | $420.3M | $281.0M | $225.5M | $272.3M | $190.0M | $160.0M | $0 | $0 |
| Lease obligations | $772.1M | $795.0M | $812.7M | $821.5M | $795.7M | $922.5M | $1.03B | — | — | — |
| Other long-term liabilities | $615.3M | $652.8M | $671.1M | $659.6M | $617.8M | $708.6M | $874.1M | $165.0M | $138.7M | $174.4M |
| Total liabilities | $1.66B | $1.73B | $1.71B | $1.58B | $1.60B | $1.73B | $1.74B | $788.2M | $463.3M | $491.0M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.06B | $1.05B | $1.03B | $1.02B | $1.01B | $990.2M | $971.4M | $978.8M | $1.92B | $1.89B |
| Retained earnings (deficit) | $59.9M | $77.9M | $98.9M | $82.0M | −$74.3M | −$228.8M | $267.1M | $254.7M | $350.1M | $346.6M |
| Treasury stock | — | — | — | — | −$515.1M | −$515.1M | −$515.1M | −$373.4M | −$325.9M | −$316.5M |
| Accumulated other comprehensive income | −$6.0M | −$11.1M | −$5.6M | −$5.3M | −$3.6M | −$3.3M | −$2.5M | −$2.7M | −$10.1M | −$13.9M |
| Minority interest | $5.3M | $3.3M | $3.3M | $3.2M | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $282.5M | $278.5M | $359.2M | $429.7M | $412.4M | $243.0M | $720.9M | $832.4M | $950.4M | $937.5M |
| Key figures | ||||||||||
| Total debt | $1.21B | $1.29B | $1.24B | $1.73B | $1.02B | $1.94B | $1.22B | $176.5M | $17.8M | $21.8M |
| Net cash (debt) | −$1.16B | −$1.24B | −$1.19B | −$1.68B | −$948.5M | −$1.88B | −$1.11B | −$7.4M | $282.7M | $187.4M |
| Working capital | $119.7M | $144.5M | $155.2M | $153.8M | $155.3M | $27.9M | $220.8M | $492.1M | $538.5M | $442.7M |
| Tangible book value | $70.4M | $63.5M | $152.6M | $300.8M | $303.2M | $133.7M | $584.4M | $696.7M | $924.3M | $822.7M |
| Book value per share | $5.75 | $5.19 | $5.67 | $5.96 | $5.34 | $3.37 | $9.66 | $10.40 | $11.78 | $11.41 |
| Shares outstanding | 49.1M | 53.7M | 63.4M | 72.1M | 77.3M | 72.2M | 74.6M | 80.0M | 80.7M | 82.1M |
| Current ratio | 1.20 | 1.24 | 1.25 | 1.24 | 1.20 | 1.04 | 1.32 | 2.06 | 2.66 | 2.40 |
| Quick ratio | 0.19 | 0.16 | 0.21 | 0.21 | 0.36 | 0.34 | 0.30 | 0.51 | 0.99 | 0.72 |
| Debt / equity | 4.27 | 4.62 | 3.45 | 4.03 | 2.48 | 7.96 | 1.70 | 0.21 | 0.02 | 0.02 |
| Equity / assets | 14.5% | 13.9% | 17.3% | 21.4% | 20.5% | 12.3% | 29.2% | 51.4% | 67.2% | 65.6% |
| 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 | $51.6M | $50.1M | $50.9M | $51.4M | $44.9M | $46.0M | $44.8M | $36.2M | $38.8M | $43.4M | $49.2M | $54.6M |
| Cash & equivalents | $51.6M | $50.1M | $50.9M | $51.4M | $44.9M | $46.0M | $44.8M | $36.2M | $38.8M | $43.4M | $49.2M | $54.6M |
| Receivables | $80.4M | $77.7M | $59.4M | $64.4M | $55.7M | $56.2M | $50.4M | $70.6M | $49.7M | $96.7M | $83.6M | $106.9M |
| Inventory | $594.7M | $586.6M | $563.5M | $620.0M | $610.9M | $623.6M | $599.8M | $637.0M | $642.8M | $620.5M | $571.3M | $601.5M |
| Other current assets | $36.3M | $49.7M | $34.3M | $36.6M | $40.4M | $48.0M | $40.0M | $56.9M | $66.8M | $78.2M | $73.3M | $36.8M |
| Total current assets | $762.9M | $764.2M | $708.1M | $772.4M | $751.9M | $773.7M | $734.8M | $800.7M | $798.0M | $838.9M | $777.4M | $799.8M |
| Property, plant & equipment (net) | $903.3M | $882.8M | $888.9M | $923.0M | $943.8M | $950.3M | $909.8M | $919.8M | $940.1M | $951.6M | $941.3M | $967.0M |
| Goodwill & intangible assets | $210.2M | $211.6M | $212.1M | $211.7M | $212.6M | $215.8M | $215.0M | $216.5M | $216.9M | $218.9M | $206.6M | $206.8M |
| Long-term investments | $55.2M | $56.7M | $56.3M | $59.9M | $59.4M | $54.9M | $56.8M | $53.4M | $61.0M | $62.9M | $62.9M | $62.2M |
| Other non-current assets | $76.5M | $82.9M | $82.2M | $86.0M | $93.9M | $96.8M | $92.8M | $90.5M | $91.0M | $91.4M | $298.9M | $96.7M |
| Total assets | $2.01B | $2.00B | $1.95B | $2.05B | $2.06B | $2.09B | $2.01B | $2.08B | $2.11B | $2.16B | $2.29B | $2.13B |
| Liabilities | ||||||||||||
| Accounts payable | $256.1M | $236.3M | $236.2M | $249.4M | $239.2M | $261.8M | $271.5M | $238.0M | $294.7M | $299.0M | $289.4M | $310.1M |
| Short-term debt | $179.2M | $164.8M | $182.3M | $180.3M | $164.0M | $167.8M | $166.7M | $162.0M | $163.1M | $161.1M | $166.5M | $182.3M |
| Deferred revenue | — | $37.1M | $40.6M | $35.5M | $37.1M | $39.7M | $43.1M | $39.0M | $39.9M | $42.8M | $47.6M | $43.5M |
| Total current liabilities | $627.5M | $603.5M | $588.5M | $610.3M | $573.5M | $607.9M | $590.4M | $567.6M | $619.0M | $649.5M | $622.3M | $678.3M |
| Long-term debt | $416.3M | $468.5M | $456.1M | $491.6M | $538.5M | $545.1M | $484.3M | $529.6M | $459.0M | $469.3M | $420.3M | $373.0M |
| Lease obligations | $786.0M | $751.2M | $772.1M | $801.6M | $803.6M | $811.5M | $795.0M | $799.5M | $809.8M | $818.7M | $812.7M | $851.8M |
| Other long-term liabilities | $657.0M | $641.7M | $615.3M | $648.2M | $665.7M | $668.1M | $652.8M | $661.8M | $670.1M | $682.9M | $881.9M | $693.8M |
| Total liabilities | $1.70B | $1.71B | $1.66B | $1.75B | $1.78B | $1.82B | $1.73B | $1.76B | $1.75B | $1.80B | $1.92B | $1.74B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.07B | $1.06B | $1.06B | $1.06B | $1.06B | $1.05B | $1.05B | $1.04B | $1.04B | $1.03B | $1.03B | $1.03B |
| Retained earnings (deficit) | $71.1M | $56.1M | $59.9M | $82.3M | $66.5M | $58.1M | $77.9M | $118.4M | $107.8M | $96.8M | $98.9M | $131.4M |
| Accumulated other comprehensive income | −$8.9M | −$6.1M | −$6.0M | −$8.9M | −$7.5M | −$7.6M | −$11.1M | −$8.0M | −$7.5M | −$6.5M | −$5.6M | −$7.4M |
| Minority interest | $6.2M | $3.6M | $5.3M | $4.3M | $3.2M | — | — | — | — | — | — | — |
| Total shareholders' equity | $301.1M | $280.9M | $282.5M | $298.6M | $280.8M | $266.9M | $278.5M | $318.5M | $355.5M | $358.5M | $359.2M | $384.4M |
| Key figures | ||||||||||||
| Total debt | $1.21B | $1.23B | $1.21B | $1.27B | $1.32B | $1.33B | $1.29B | $1.34B | $1.28B | $1.29B | $1.23B | $1.89B |
| Net cash (debt) | −$1.16B | −$1.18B | −$1.16B | −$1.22B | −$1.28B | −$1.29B | −$1.24B | −$1.30B | −$1.24B | −$1.24B | −$1.18B | −$1.84B |
| Working capital | $135.4M | $160.7M | $119.7M | $162.1M | $178.4M | $165.8M | $144.5M | $233.1M | $179.0M | $189.3M | $155.2M | $121.6M |
| Tangible book value | $90.9M | $69.4M | $70.4M | $86.9M | $68.2M | $51.2M | $63.5M | $102.0M | $138.6M | $139.6M | $152.6M | $177.6M |
| Book value per share | $5.38 | $5.02 | $5.69 | $5.97 | $5.77 | $5.53 | $5.81 | $5.95 | $6.07 | $6.03 | $6.31 | $6.26 |
| Shares outstanding | 56.0M | 55.9M | 49.6M | 50.0M | 48.7M | 48.2M | 47.9M | 53.5M | 58.6M | 59.5M | 56.9M | 61.4M |
| Current ratio | 1.22 | 1.27 | 1.20 | 1.27 | 1.31 | 1.27 | 1.24 | 1.41 | 1.29 | 1.29 | 1.25 | 1.18 |
| Quick ratio | 0.21 | 0.21 | 0.19 | 0.19 | 0.18 | 0.17 | 0.16 | 0.19 | 0.14 | 0.22 | 0.21 | 0.24 |
| Debt / equity | 4.02 | 4.37 | 4.27 | 4.26 | 4.70 | 5.00 | 4.62 | 4.19 | 3.59 | 3.59 | 3.43 | 4.93 |
| Equity / assets | 15.0% | 14.1% | 14.5% | 14.5% | 13.6% | 12.8% | 13.9% | 15.3% | 16.9% | 16.6% | 15.7% | 18.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 30, 2026); data from EODHD.
DBI financial position
At the end of fiscal 2026 (January 31, 2026), Designer Brands had total assets of $1.9 billion (down 3.1% from a year earlier), total liabilities of $1.7 billion and shareholders' equity of $282.5 million. It held $50.9 million in cash and short-term investments against $1.2 billion of debt, net debt of $1.2 billion. Its current ratio was 1.20. In the latest quarter (ended July 31, 2026) total assets were $2.0 billion and equity $301.1 million.
Related: DBI income statement, DBI cash flow statement, DBI key metrics. See the DBI stock overview for the latest quote and news.
DBI balance sheet FAQ
What are Designer Brands's total assets?
Designer Brands reported total assets of $1.9 billion at the end of fiscal 2026 (January 31, 2026), compared with $2.0 billion a year earlier.
How much debt does Designer Brands have?
Designer Brands had $1.2 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 4.27.
How much cash does Designer Brands have?
Designer Brands held $50.9 million in cash and short-term investments at the end of fiscal 2026; with $1.2 billion of debt that is net debt of $1.2 billion.
What is Designer Brands's book value?
Designer Brands's shareholders' equity (book value) was $282.5 million at the end of fiscal 2026, or $5.75 per share.
What is Designer Brands's current ratio?
Designer Brands had current assets of $708.1 million and current liabilities of $588.5 million, a current ratio of 1.20 (it can cover its short-term obligations).
How much goodwill does Designer Brands have?
Designer Brands carried $212.1 million of goodwill and intangible assets, 10.9% of total assets, at the end of fiscal 2026.