Encore Capital Group, Inc. (ECPG) Balance Sheet
ECPG balance sheet, 2025
December 31, 2025 · U.S. dollars$5.34B assets = $4.36B liabilities + $976.8M equity
Both columns are drawn to the same scale: what ECPG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ECPG financial health
Descriptive bands, not a rating. Fiscal 2025.
ECPG balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $3.67B2016 | $5.34B2025 | +4.3%/yr | |
| Total liabilities | $3.07B2016 | $4.36B2025 | +4.0%/yr | |
| Shareholders’ equity | $600.5M2016 | $976.8M2025 | +5.6%/yr | |
| Cash & short-term investments | $149.8M2016 | $156.8M2025 | +0.5%/yr | |
| Total debt | $3.49B2016 | $4.13B2025 | +1.9%/yr | |
| Net cash (debt) | −$3.34B2016 | −$3.98B2025 | −$630.4M | |
| Working capital | −$84.6M2016 | $190.7M2025 | +$275.3M | |
| Book value per share | $23.182016 | $41.502025 | +6.7%/yr | |
| Debt / equity | 5.822016 | 4.232025 | −1.59 | |
| Shares outstanding | 25.9M2016 | 23.5M2025 | −1.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ECPG assets
ECPG liabilities and equity
ECPG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ECPG balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $156.8M | $199.9M | $158.4M | $143.9M | $189.6M | $189.2M | $192.3M | $157.4M | $212.1M | $149.8M |
| Cash & equivalents | $156.8M | $199.9M | $158.4M | $143.9M | $189.6M | $189.2M | $192.3M | $157.4M | $212.1M | $149.8M |
| Short-term investments | — | — | $17.3M | $36.8M | $3.5M | $659,000 | $2.5M | $2.0M | $28.2M | $1.1M |
| Receivables | $34.2M | $29.9M | $9.1M | $16.1M | $22.6M | $26.5M | $45.0M | $75.4M | $44.6M | $39.3M |
| Inventory | $0 | $0 | −$17.3M | −$64.7M | −$3.5M | $42.2M | −$2.5M | −$127.1M | −$147.1M | −$79.1M |
| Other current assets | $0 | $46.0M | $59.0M | $113.4M | $49.8M | $20.4M | $0 | $51.7M | $102.5M | $39.8M |
| Total current assets | $191.0M | $275.7M | $209.1M | $208.6M | $258.5M | $278.3M | $192.3M | $157.4M | $212.1M | $149.8M |
| Property, plant & equipment (net) | $138.7M | $138.7M | $171.0M | $184.0M | $188.7M | $199.5M | $120.1M | $115.5M | $76.3M | $72.3M |
| Goodwill & intangible assets | $1.07B | $507.8M | $606.5M | $843.3M | $934.1M | $952.0M | $935.6M | $928.7M | $1.00B | $813.3M |
| Long-term investments | $4.37B | $3.78B | $3.47B | $3.09B | $3.07B | $3.29B | $3.28B | $3.14B | $2.89B | $2.38B |
| Other non-current assets | $0 | $91.1M | $175.5M | $184.2M | $161.3M | $142.9M | $378.0M | $292.3M | $307.0M | $252.4M |
| Total assets | $5.34B | $4.79B | $4.63B | $4.51B | $4.61B | $4.86B | $4.91B | $4.63B | $4.49B | $3.67B |
| Liabilities | ||||||||||
| Accounts payable | — | $212.0M | $173.9M | $180.4M | $195.1M | $192.7M | $223.9M | $287.9M | $284.8M | $234.4M |
| Short-term debt | $321,000 | — | $29.3M | $68.4M | $514.1M | $627.6M | $1.24B | $1.22B | $967.8M | $685.8M |
| Deferred revenue | — | — | −$173.9M | −$180.4M | −$195.1M | −$192.7M | — | — | — | — |
| Total current liabilities | $321,000 | $233.5M | $219.2M | $266.6M | $743.7M | $843.5M | $223.9M | $287.9M | $284.8M | $234.4M |
| Long-term debt | $4.00B | $3.67B | $2.82B | $1.81B | $2.11B | $2.31B | $3.51B | $3.49B | $3.45B | $2.81B |
| Lease obligations | $596,000 | $1.1M | $2.8M | $5.7M | $7.0M | $8.3M | $8.1M | $7.6M | $6.1M | $5.1M |
| Other long-term liabilities | $362.0M | $117.2M | $659.1M | $1.25B | $568.9M | $486.8M | $147.4M | $33.6M | $35.2M | $26.6M |
| Total liabilities | $4.36B | $4.02B | $3.69B | $3.33B | $3.42B | $3.64B | $3.88B | $3.81B | $3.77B | $3.07B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $217,000 | $237,000 | $235,000 | $233,000 | $245,000 | $313,000 | $311,000 | $309,000 | $42.9M | $103.6M |
| Retained earnings (deficit) | $1.10B | $909.9M | $1.05B | $1.28B | $1.24B | $1.06B | $888.1M | $720.2M | $616.3M | $560.6M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$128.1M | −$162.1M | −$123.9M | −$98.8M | −$53.5M | −$68.8M | −$88.8M | −$111.0M | −$77.4M | −$104.9M |
| Minority interest | — | — | $0 | $0 | — | $2.5M | $3.2M | $1.7M | −$9.9M | −$7.5M |
| Total shareholders' equity | $976.8M | $767.3M | $936.5M | $1.18B | $1.19B | $1.22B | $1.03B | $819.7M | $723.9M | $600.5M |
| Key figures | ||||||||||
| Total debt | $4.13B | $3.67B | $3.32B | $2.90B | $3.00B | $3.28B | $4.76B | $4.71B | $4.41B | $3.49B |
| Net cash (debt) | −$3.98B | −$3.47B | −$3.16B | −$2.75B | −$2.81B | −$3.09B | −$4.56B | −$4.55B | −$4.20B | −$3.34B |
| Working capital | $190.7M | $42.2M | −$10.1M | −$58.0M | −$485.2M | −$565.2M | −$31.6M | −$130.5M | −$72.6M | −$84.6M |
| Tangible book value | −$95.8M | $259.5M | $330.0M | $336.3M | $251.1M | $265.6M | $89.8M | −$109.0M | −$280.8M | −$212.8M |
| Book value per share | $41.50 | $32.14 | $39.57 | $45.21 | $38.05 | $38.40 | $32.58 | $28.69 | $27.42 | $23.18 |
| Shares outstanding | 23.5M | 23.9M | 23.7M | 26.1M | 31.2M | 31.7M | 31.5M | 28.6M | 26.4M | 25.9M |
| Current ratio | 595.09 | 1.18 | 0.95 | 0.78 | 0.35 | 0.33 | 0.86 | 0.55 | 0.74 | 0.64 |
| Quick ratio | 595.09 | 0.98 | 0.76 | 0.60 | 0.29 | 0.26 | 1.06 | 0.81 | 0.90 | 0.81 |
| Debt / equity | 4.23 | 4.79 | 3.54 | 2.46 | 2.53 | 2.70 | 4.64 | 5.74 | 6.10 | 5.82 |
| Equity / assets | 18.3% | 16.0% | 20.2% | 26.2% | 25.7% | 25.0% | 20.9% | 17.7% | 16.1% | 16.4% |
| 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 | $182.9M | $227.2M | $156.8M | $172.5M | $172.9M | $187.1M | $199.9M | $247.4M | $250.6M | $173.0M | $158.4M | $144.7M |
| Cash & equivalents | $182.9M | $227.2M | $156.8M | $172.5M | $172.9M | $187.1M | $199.9M | $247.4M | $250.6M | $173.0M | $158.4M | $144.7M |
| Short-term investments | — | — | — | — | — | — | — | — | $3.6M | $10.0M | $17.3M | $24.0M |
| Receivables | $4.61B | $30.5M | $34.2M | $36.2M | $31.9M | $3.95B | $29.9M | $11.0M | $11.3M | $9.7M | $9.1M | $10.2M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$3.6M | −$10.0M | −$17.3M | −$24.0M |
| Other current assets | $0 | $47.7M | $0 | $42.5M | $43.3M | $0 | $46.0M | $81.9M | $71.0M | $58.1M | $59.0M | $107.8M |
| Total current assets | $4.79B | $305.4M | $191.0M | $251.2M | $248.0M | $238.3M | $275.7M | $340.2M | $329.4M | $230.7M | $209.1M | $238.8M |
| Property, plant & equipment (net) | $80.6M | $131.9M | $138.7M | $142.1M | $145.1M | $141.9M | $138.7M | $164.6M | $162.7M | $166.0M | $171.0M | $170.5M |
| Goodwill & intangible assets | $528.7M | $529.5M | $1.07B | $535.6M | $542.9M | $519.4M | $507.8M | $628.1M | $602.8M | $602.4M | $606.5M | $844.8M |
| Long-term investments | $4.61B | $4.44B | $4.37B | $4.27B | $4.18B | $3.95B | $3.78B | $3.72B | $3.58B | $3.53B | $3.47B | $3.32B |
| Other non-current assets | $0 | $46.3M | $0 | $59.0M | $70.6M | $117.5M | $91.1M | $141.5M | $138.7M | $156.7M | $175.5M | $185.6M |
| Total assets | $5.57B | $5.45B | $5.34B | $5.26B | $5.19B | $4.97B | $4.79B | $4.99B | $4.82B | $4.69B | $4.63B | $4.76B |
| Liabilities | ||||||||||||
| Accounts payable | $190.8M | — | — | — | $214.7M | — | — | — | $197.6M | $180.2M | $173.9M | $171.7M |
| Short-term debt | $691.6M | $681.3M | $321,000 | $927.2M | $999.7M | $916.4M | — | — | $9.8M | $387.3M | $29.3M | $902.8M |
| Deferred revenue | — | — | — | — | — | — | — | — | — | −$180.2M | −$173.9M | −$171.7M |
| Total current liabilities | $190.8M | $933.5M | $321,000 | $1.19B | $1.21B | $1.15B | $233.5M | $279.0M | $207.3M | $567.5M | $219.2M | $1.09B |
| Long-term debt | $3.49B | $3.35B | $4.00B | $3.01B | $2.96B | $2.87B | $3.67B | $3.54B | $3.44B | $2.50B | $2.82B | $1.84B |
| Lease obligations | $448,000 | $515,000 | $596,000 | $797,000 | $996,000 | $797,000 | $1.1M | $1.5M | $1.8M | $2.3M | $2.8M | $3.4M |
| Other long-term liabilities | $808.8M | $130.7M | $362.0M | $112.1M | $116.3M | $126.6M | $117.2M | $124.6M | $177.8M | $668.9M | $659.1M | $629.7M |
| Total liabilities | $4.49B | $4.42B | $4.36B | $4.31B | $4.30B | $4.15B | $4.02B | $3.95B | $3.83B | $3.73B | $3.69B | $3.56B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $212,000 | $215,000 | $217,000 | $229,000 | $231,000 | $235,000 | $237,000 | $237,000 | $237,000 | $237,000 | $235,000 | $235,000 |
| Retained earnings (deficit) | $1.21B | $1.17B | $1.10B | $1.08B | $1.02B | $956.7M | $909.9M | $1.14B | $1.10B | $1.07B | $1.05B | $1.32B |
| Accumulated other comprehensive income | −$131.4M | −$132.4M | −$128.1M | −$131.3M | −$119.5M | −$147.5M | −$162.1M | −$104.4M | −$130.0M | −$127.4M | −$123.9M | −$129.5M |
| Total shareholders' equity | $1.08B | $1.03B | $976.8M | $952.9M | $896.0M | $819.1M | $767.3M | $1.05B | $988.1M | $953.9M | $936.5M | $1.20B |
| Key figures | ||||||||||||
| Total debt | $4.87B | $4.03B | $4.13B | $3.93B | $3.97B | $3.79B | $3.67B | $3.55B | $3.46B | $3.36B | $3.32B | $3.11B |
| Net cash (debt) | −$4.69B | −$3.81B | −$3.98B | −$3.76B | −$3.79B | −$3.60B | −$3.47B | −$3.30B | −$3.20B | −$3.19B | −$3.16B | −$2.97B |
| Working capital | $4.60B | −$628.2M | $190.7M | −$936.0M | −$966.3M | −$912.1M | $42.2M | $61.3M | $122.1M | −$336.8M | −$10.1M | −$854.7M |
| Tangible book value | $550.0M | $505.3M | −$95.8M | $417.3M | $353.1M | $299.7M | $259.5M | $420.0M | $385.3M | $351.5M | $330.0M | $354.0M |
| Book value per share | $47.33 | $46.36 | $42.89 | $40.52 | $38.00 | $33.75 | $32.14 | $42.94 | $41.01 | $38.98 | $39.45 | $49.17 |
| Shares outstanding | 22.8M | 22.3M | 22.8M | 23.5M | 23.6M | 24.3M | 23.9M | 24.4M | 24.1M | 24.5M | 23.7M | 24.4M |
| Current ratio | 25.12 | 0.33 | 595.09 | 0.21 | 0.20 | 0.21 | 1.18 | 1.22 | 1.59 | 0.41 | 0.95 | 0.22 |
| Quick ratio | 25.12 | 0.28 | 595.09 | 0.18 | 0.17 | 3.60 | 0.98 | 0.93 | 1.26 | 0.32 | 0.76 | 0.14 |
| Debt / equity | 4.52 | 3.90 | 4.23 | 4.13 | 4.43 | 4.63 | 4.79 | 3.39 | 3.50 | 3.53 | 3.54 | 2.60 |
| Equity / assets | 19.4% | 19.0% | 18.3% | 18.1% | 17.3% | 16.5% | 16.0% | 21.0% | 20.5% | 20.4% | 20.2% | 25.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 25, 2026); data from EODHD.
ECPG financial position
At the end of fiscal 2025 (December 31, 2025), Encore Capital had total assets of $5.3 billion (up 11.5% from a year earlier), total liabilities of $4.4 billion and shareholders' equity of $976.8 million. It held $156.8 million in cash and short-term investments against $4.1 billion of debt, net debt of $4.0 billion. Its current ratio was 595.09. In the latest quarter (ended June 30, 2026) total assets were $5.6 billion and equity $1.1 billion.
Related: ECPG income statement, ECPG cash flow statement, ECPG key metrics. See the ECPG stock overview for the latest quote and news.
ECPG balance sheet FAQ
What are Encore Capital's total assets?
Encore Capital reported total assets of $5.3 billion at the end of fiscal 2025 (December 31, 2025), compared with $4.8 billion a year earlier.
How much debt does Encore Capital have?
Encore Capital had $4.1 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 4.23.
How much cash does Encore Capital have?
Encore Capital held $156.8 million in cash and short-term investments at the end of fiscal 2025; with $4.1 billion of debt that is net debt of $4.0 billion.
What is Encore Capital's book value?
Encore Capital's shareholders' equity (book value) was $976.8 million at the end of fiscal 2025, or $41.50 per share.
What is Encore Capital's current ratio?
Encore Capital had current assets of $191.0 million and current liabilities of $0.3 million, a current ratio of 595.09 (it can cover its short-term obligations).
How much goodwill does Encore Capital have?
Encore Capital carried $1.1 billion of goodwill and intangible assets, 20.1% of total assets, at the end of fiscal 2025.