Donaldson Company, Inc. (DCI) Balance Sheet
DCI balance sheet, FY2026
July 31, 2026 · U.S. dollars$3.99B assets = $2.22B liabilities + $1.76B equity
Both columns are drawn to the same scale: what DCI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
DCI financial health
Current ratio2.08
Comfortable · current assets cover current liabilities 2.08×
Debt / equity0.78
Moderate leverage · $0.78 of debt for each $1 of equity
Equity / assets44.3%
Equity-funded · of assets funded by shareholders
Cash / debt18.1%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles34.9%
Acquisition-heavy · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
DCI balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.98BFY2017 | $3.99BFY2026 | +8.1%/yr | |
| Total liabilities | $1.13BFY2017 | $2.22BFY2026 | +7.9%/yr | |
| Shareholders’ equity | $854.5MFY2017 | $1.76BFY2026 | +8.4%/yr | |
| Cash & short-term investments | $308.4MFY2017 | $250.4MFY2026 | −2.3%/yr | |
| Total debt | $611.2MFY2017 | $1.38BFY2026 | +9.5%/yr | |
| Net cash (debt) | −$302.8MFY2017 | −$1.13BFY2026 | −$829.5M | |
| Working capital | $666.9MFY2017 | $865.6MFY2026 | +$198.7M | |
| Book value per share | $6.37FY2017 | $14.97FY2026 | +10.0%/yr | |
| Current ratio | 2.38FY2017 | 2.08FY2026 | −0.30 | |
| Debt / equity | 0.72FY2017 | 0.78FY2026 | +0.07 | |
| Shares outstanding | 134.1MFY2017 | 117.9MFY2026 | −1.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
DCI assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
DCI liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
DCI debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
DCI balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $250.4M | $180.4M | $232.7M | $187.1M | $193.3M | $222.8M | $236.6M | $177.8M | $204.7M | $308.4M |
| Cash & equivalents | $250.4M | $180.4M | $232.7M | $187.1M | $193.3M | $222.8M | $236.6M | $177.8M | $204.7M | $308.4M |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $0 |
| Receivables | $758.1M | $662.2M | $629.7M | $599.7M | $616.6M | $552.7M | $455.3M | $529.5M | $534.6M | $497.7M |
| Inventory | $538.7M | $513.6M | $476.7M | $418.1M | $502.4M | $384.5M | $322.7M | $332.8M | $334.1M | $293.5M |
| Other current assets | $122.5M | $105.5M | $99.0M | $81.1M | $94.2M | $84.0M | $82.1M | $82.5M | $52.3M | $51.4M |
| Total current assets | $1.67B | $1.46B | $1.44B | $1.29B | $1.41B | $1.24B | $1.10B | $1.12B | $1.13B | $1.15B |
| Property, plant & equipment (net) | $633.3M | $705.0M | $645.5M | $652.9M | $594.4M | $617.8M | $705.3M | $588.9M | $509.3M | $484.6M |
| Goodwill & intangible assets | $1.39B | $591.0M | $650.3M | $669.2M | $445.6M | $384.1M | $384.1M | $374.0M | $274.0M | $278.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $23.0M | $21.7M | $19.0M |
| Other non-current assets | $292.4M | $219.5M | $180.4M | $162.4M | $153.8M | $154.3M | $58.5M | $34.1M | $45.9M | $46.4M |
| Total assets | $3.99B | $2.98B | $2.91B | $2.77B | $2.60B | $2.40B | $2.24B | $2.14B | $1.98B | $1.98B |
| Liabilities | ||||||||||
| Accounts payable | $378.6M | $368.6M | $379.4M | $304.9M | $338.5M | $293.9M | $187.7M | $237.5M | $201.3M | $194.0M |
| Short-term debt | $69.6M | $37.9M | $73.5M | $176.9M | $20.0M | $66.6M | $35.2M | $52.3M | $43.5M | $73.9M |
| Deferred revenue | — | $20.8M | $19.7M | $25.3M | $22.3M | $154.4M | — | $10.4M | $10.5M | $131.1M |
| Total current liabilities | $804.1M | $757.2M | $782.5M | $756.4M | $629.6M | $606.6M | $406.8M | $482.9M | $469.4M | $484.1M |
| Long-term debt | $0 | $630.4M | $483.4M | $496.6M | $644.3M | $461.0M | $617.4M | $584.4M | $499.6M | $537.3M |
| Lease obligations | — | — | — | — | — | $18.1M | $73.8M | — | — | — |
| Other long-term liabilities | $1.42B | $136.1M | $159.3M | $196.8M | $193.2M | $195.5M | $227.5M | $182.6M | $149.8M | $103.8M |
| Total liabilities | $2.22B | $1.52B | $1.43B | $1.45B | $1.47B | $1.26B | $1.25B | $1.25B | $1.12B | $1.13B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $758.2M | $758.2M | $758.2M | $758.2M | $758.2M | $758.2M | $758.2M | $758.2M | $758.2M | $758.2M |
| Retained earnings (deficit) | $2.92B | $2.61B | $2.38B | $2.09B | $1.85B | $1.61B | $1.43B | $1.28B | $1.12B | $1.04B |
| Treasury stock | — | — | — | — | — | −$1.13B | −$1.03B | −$981.2M | −$898.8M | −$808.0M |
| Accumulated other comprehensive income | −$146.2M | −$180.7M | −$198.9M | −$172.5M | −$205.6M | −$118.2M | −$184.0M | −$192.9M | −$149.8M | −$157.0M |
| Minority interest | — | — | — | — | — | — | $5.8M | — | $0 | $0 |
| Total shareholders' equity | $1.76B | $1.45B | $1.49B | $1.32B | $1.13B | $1.14B | $992.9M | $892.7M | $857.8M | $854.5M |
| Key figures | ||||||||||
| Total debt | $1.38B | $668.3M | $598.2M | $715.9M | $692.8M | $527.6M | $700.7M | $636.7M | $543.1M | $611.2M |
| Net cash (debt) | −$1.13B | −$487.9M | −$365.5M | −$528.8M | −$499.5M | −$304.8M | −$464.1M | −$458.9M | −$338.4M | −$302.8M |
| Working capital | $865.6M | $704.5M | $655.6M | $529.6M | $776.9M | $637.4M | $689.9M | $639.7M | $656.3M | $666.9M |
| Tangible book value | $373.0M | $862.5M | $838.8M | $651.5M | $687.6M | $753.0M | $608.8M | $518.7M | $583.8M | $575.8M |
| Book value per share | $14.97 | $12.07 | $12.15 | $10.69 | $9.05 | $8.87 | $7.74 | $6.85 | $6.49 | $6.37 |
| Shares outstanding | 117.9M | 120.4M | 122.6M | 123.6M | 125.2M | 128.2M | 128.3M | 130.3M | 132.2M | 134.1M |
| Current ratio | 2.08 | 1.93 | 1.84 | 1.70 | 2.23 | 2.05 | 2.70 | 2.32 | 2.40 | 2.38 |
| Quick ratio | 1.25 | 1.11 | 1.10 | 1.04 | 1.29 | 1.28 | 1.70 | 1.46 | 1.57 | 1.67 |
| Debt / equity | 0.78 | 0.46 | 0.40 | 0.54 | 0.61 | 0.46 | 0.71 | 0.71 | 0.63 | 0.72 |
| Equity / assets | 44.3% | 48.8% | 51.1% | 47.7% | 43.6% | 47.4% | 44.2% | 41.7% | 43.4% | 43.2% |
| 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 | $250.4M | $204.1M | $194.4M | $210.7M | $180.4M | $178.5M | $189.1M | $221.2M | $232.7M | $223.7M | $193.8M | $217.8M |
| Cash & equivalents | $250.4M | $204.1M | $194.4M | $210.7M | $180.4M | $178.5M | $189.1M | $221.2M | $232.7M | $223.7M | $193.8M | $217.8M |
| Receivables | $758.1M | $726.5M | $647.9M | $655.6M | $662.2M | $665.6M | $597.6M | $631.3M | $629.7M | $653.2M | $610.5M | $582.5M |
| Inventory | $538.7M | $535.9M | $555.8M | $533.3M | $513.6M | $529.4M | $540.8M | $520.0M | $476.7M | $444.7M | $433.4M | $429.6M |
| Other current assets | $122.5M | $106.3M | $128.9M | $114.8M | $105.5M | $102.0M | $95.0M | $106.9M | $99.0M | $79.1M | $79.5M | $83.2M |
| Total current assets | $1.67B | $1.57B | $1.53B | $1.51B | $1.46B | $1.48B | $1.42B | $1.48B | $1.44B | $1.40B | $1.32B | $1.31B |
| Property, plant & equipment (net) | $633.3M | $637.2M | $645.3M | $638.9M | $705.0M | $648.3M | $637.8M | $647.4M | $645.5M | $642.8M | $647.0M | $642.3M |
| Goodwill & intangible assets | $1.39B | $591.7M | $599.1M | $591.2M | $591.0M | $591.5M | $630.1M | $648.2M | $650.3M | $649.9M | $655.3M | $651.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $292.4M | $285.8M | $289.0M | $282.3M | $219.5M | $281.2M | $270.9M | $268.6M | $180.4M | $172.7M | $164.0M | $162.2M |
| Total assets | $3.99B | $3.09B | $3.06B | $3.03B | $2.98B | $3.00B | $2.96B | $3.04B | $2.91B | $2.87B | $2.78B | $2.77B |
| Liabilities | ||||||||||||
| Accounts payable | $378.6M | $353.4M | $348.8M | $372.9M | $368.6M | $362.0M | $375.2M | $373.5M | $379.4M | $370.0M | $325.8M | $324.9M |
| Short-term debt | $69.6M | $16.7M | $6.5M | $9.0M | $37.9M | $83.6M | $62.7M | $103.2M | $53.3M | $74.4M | $262.1M | $284.8M |
| Deferred revenue | — | — | — | — | $20.8M | $23.4M | $27.1M | $24.8M | $19.7M | $25.8M | $29.7M | $26.0M |
| Total current liabilities | $804.1M | $668.5M | $665.9M | $703.9M | $757.2M | $760.1M | $765.8M | $800.6M | $782.5M | $735.2M | $893.5M | $882.6M |
| Long-term debt | $0 | $591.6M | $674.3M | $671.5M | $630.4M | $638.8M | $514.7M | $538.6M | $483.4M | $481.8M | $352.0M | $366.6M |
| Other long-term liabilities | $1.42B | $132.1M | $145.1M | $134.8M | $136.1M | $133.4M | $136.4M | $161.4M | $159.3M | $165.1M | $162.2M | $183.3M |
| Total liabilities | $2.22B | $1.39B | $1.49B | $1.51B | $1.52B | $1.53B | $1.42B | $1.50B | $1.43B | $1.38B | $1.41B | $1.43B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $758.2M | $758.2M | $758.2M | $758.2M | $758.2M | $758.2M | $758.2M | $758.2M | $758.2M | $758.2M | $758.2M | $758.2M |
| Retained earnings (deficit) | $2.92B | $2.87B | $2.75B | $2.72B | $2.61B | $2.57B | $2.51B | $2.48B | $2.38B | $2.33B | $2.22B | $2.18B |
| Accumulated other comprehensive income | −$146.2M | −$151.6M | −$143.8M | −$172.7M | −$180.7M | −$175.8M | −$223.0M | −$193.0M | −$198.9M | −$200.1M | −$189.2M | −$208.3M |
| Total shareholders' equity | $1.76B | $1.70B | $1.58B | $1.52B | $1.45B | $1.46B | $1.54B | $1.54B | $1.49B | $1.48B | $1.38B | $1.34B |
| Key figures | ||||||||||||
| Total debt | $1.38B | $608.3M | $680.8M | $680.5M | $668.3M | $722.4M | $577.4M | $641.8M | $511.7M | $556.2M | $614.1M | $651.4M |
| Net cash (debt) | −$1.13B | −$404.2M | −$486.4M | −$469.8M | −$487.9M | −$543.9M | −$388.3M | −$420.6M | −$279.0M | −$332.5M | −$420.3M | −$433.6M |
| Working capital | $865.6M | $904.3M | $861.1M | $810.5M | $704.5M | $715.4M | $656.7M | $678.8M | $655.6M | $665.5M | $423.7M | $430.5M |
| Tangible book value | $373.0M | $1.10B | $976.0M | $925.4M | $862.5M | $872.7M | $914.3M | $894.8M | $838.8M | $834.1M | $720.5M | $685.1M |
| Book value per share | $14.97 | $14.35 | $13.36 | $12.87 | $12.31 | $12.17 | $12.72 | $12.66 | $12.16 | $12.07 | $11.27 | $10.90 |
| Shares outstanding | 117.9M | 118.1M | 117.9M | 117.8M | 118.1M | 120.3M | 121.4M | 121.9M | 122.5M | 122.9M | 122.1M | 122.6M |
| Current ratio | 2.08 | 2.35 | 2.29 | 2.15 | 1.93 | 1.94 | 1.86 | 1.85 | 1.84 | 1.91 | 1.47 | 1.49 |
| Quick ratio | 1.25 | 1.39 | 1.26 | 1.23 | 1.11 | 1.11 | 1.03 | 1.06 | 1.10 | 1.19 | 0.90 | 0.91 |
| Debt / equity | 0.78 | 0.36 | 0.43 | 0.45 | 0.46 | 0.49 | 0.37 | 0.42 | 0.34 | 0.37 | 0.45 | 0.49 |
| Equity / assets | 44.3% | 54.9% | 51.5% | 50.1% | 48.8% | 48.9% | 52.2% | 50.7% | 51.1% | 51.8% | 49.4% | 48.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed September 25, 2026); data from EODHD.
DCI financial position
At the end of fiscal 2026 (July 31, 2026), Donaldson had total assets of $4.0 billion (up 33.9% from a year earlier), total liabilities of $2.2 billion and shareholders' equity of $1.8 billion. It held $250.4 million in cash and short-term investments against $1.4 billion of debt, net debt of $1.1 billion. Its current ratio was 2.08.
Related: DCI income statement, DCI cash flow statement, DCI key metrics. See the DCI stock overview for the latest quote and news.
DCI balance sheet FAQ
What are Donaldson's total assets?
Donaldson reported total assets of $4.0 billion at the end of fiscal 2026 (July 31, 2026), compared with $3.0 billion a year earlier.
How much debt does Donaldson have?
Donaldson had $1.4 billion of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was 0.78.
How much cash does Donaldson have?
Donaldson held $250.4 million in cash and short-term investments at the end of fiscal 2026; with $1.4 billion of debt that is net debt of $1.1 billion.
What is Donaldson's book value?
Donaldson's shareholders' equity (book value) was $1.8 billion at the end of fiscal 2026, or $14.97 per share.
What is Donaldson's current ratio?
Donaldson had current assets of $1.7 billion and current liabilities of $804.1 million, a current ratio of 2.08 (it can cover its short-term obligations).
How much goodwill does Donaldson have?
Donaldson carried $1.4 billion of goodwill and intangible assets, 34.9% of total assets, at the end of fiscal 2026.