Encompass Health Corporation (EHC) Balance Sheet
EHC balance sheet, 2025
December 31, 2025 · U.S. dollars$7.09B assets = $3.81B liabilities + $3.28B equity
Both columns are drawn to the same scale: what EHC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
EHC financial health
Descriptive bands, not a rating. Fiscal 2025.
EHC balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $4.68B2016 | $7.09B2025 | +4.7%/yr | |
| Total liabilities | $3.61B2016 | $3.81B2025 | +0.6%/yr | |
| Shareholders’ equity | $735.9M2016 | $2.44B2025 | +14.2%/yr | |
| Cash & short-term investments | $40.5M2016 | $145.1M2025 | +15.2%/yr | |
| Total debt | $3.02B2016 | $2.71B2025 | −1.2%/yr | |
| Net cash (debt) | −$2.98B2016 | −$2.57B2025 | +$407.1M | |
| Working capital | $178.9M2016 | $69.5M2025 | −$109.4M | |
| Book value per share | $7.402016 | $23.862025 | +13.9%/yr | |
| Current ratio | 1.382016 | 1.082025 | −0.29 | |
| Debt / equity | 4.102016 | 1.112025 | −2.99 | |
| Shares outstanding | 99.5M2016 | 102.2M2025 | +0.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
EHC assets
EHC liabilities and equity
EHC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
EHC balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $145.1M | $85.4M | $141.8M | $21.8M | $49.4M | $224.0M | $94.8M | $69.2M | $54.4M | $40.5M |
| Cash & equivalents | $102.9M | $85.4M | $104.2M | $21.8M | $49.4M | $224.0M | $94.8M | $69.2M | $54.4M | $40.5M |
| Short-term investments | $42.2M | $39.0M | $37.6M | — | — | — | — | — | $80.2M | $85.1M |
| Receivables | $619.2M | $598.8M | $611.6M | $536.8M | $502.1M | $563.0M | $498.7M | $467.7M | $472.1M | $443.8M |
| Inventory | $0 | $0 | $72.7M | $31.6M | $65.1M | $65.4M | $57.4M | $59.0M | $62.4M | $60.9M |
| Other current assets | $141.6M | $202.7M | $15.7M | $127.0M | $304.8M | $96.2M | $104.9M | $66.2M | $113.3M | $109.3M |
| Total current assets | $905.9M | $886.9M | $841.8M | $717.2M | $921.4M | $948.6M | $755.8M | $662.1M | $702.2M | $654.5M |
| Property, plant & equipment (net) | $4.31B | $3.85B | $3.51B | $3.15B | $2.77B | $2.45B | $2.24B | $1.63B | $1.52B | $1.39B |
| Goodwill & intangible assets | $1.63B | $1.58B | $1.56B | $1.55B | $1.40B | $2.75B | $2.78B | $2.54B | $2.38B | $2.34B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $7.4M | $12.2M | $11.9M | $13.0M |
| Other non-current assets | $243.7M | $219.2M | $191.6M | $222.1M | $1.77B | $295.0M | $300.2M | $374.1M | $286.8M | $284.1M |
| Total assets | $7.09B | $6.53B | $6.10B | $5.64B | $6.86B | $6.45B | $6.08B | $5.23B | $4.89B | $4.68B |
| Liabilities | ||||||||||
| Accounts payable | $178.2M | $171.0M | $170.0M | $132.9M | $134.0M | $115.0M | $94.6M | $90.0M | $78.4M | $68.3M |
| Short-term debt | $70.1M | $164.9M | $48.9M | $50.8M | $61.3M | $83.1M | $79.7M | $35.8M | $32.3M | $37.1M |
| Deferred revenue | — | — | $42.6M | $83.0M | $310.3M | $300.9M | $242.9M | $212.8M | $196.8M | $173.1M |
| Total current liabilities | $836.4M | $841.0M | $656.4M | $575.9M | $748.8M | $717.3M | $721.0M | $672.5M | $517.5M | $475.6M |
| Long-term debt | $2.45B | $2.36B | $2.69B | $2.74B | $3.24B | $3.25B | $3.02B | $2.48B | $2.55B | $2.98B |
| Lease obligations | $223.1M | $216.0M | $220.2M | $225.3M | $251.5M | $254.4M | $284.2M | — | — | — |
| Other long-term liabilities | $530.3M | $485.3M | $461.0M | $456.9M | $473.0M | $476.4M | $403.7M | $205.2M | $185.3M | $160.0M |
| Total liabilities | $3.81B | $3.69B | $3.81B | $3.77B | $4.47B | $4.44B | $4.15B | $3.36B | $3.25B | $3.61B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.2M | $1.2M | $1.2M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $2.79B | $2.80B |
| Retained earnings (deficit) | $1.29B | $796.7M | $406.5M | $115.7M | $141.8M | −$242.3M | −$526.5M | −$885.2M | −$1.19B | −$1.45B |
| Treasury stock | — | — | — | — | −$521.2M | −$497.4M | −$492.3M | −$427.9M | −$418.5M | −$614.7M |
| Accumulated other comprehensive income | $500,000 | — | — | — | $0 | $0 | $0 | $0 | −$1.3M | −$1.2M |
| Minority interest | $837.6M | $782.2M | $649.7M | $551.6M | $445.7M | $382.0M | $340.9M | $280.3M | $242.9M | $192.8M |
| Total shareholders' equity | $2.44B | $2.07B | $1.65B | $1.31B | $1.91B | $1.59B | $1.35B | $1.33B | $1.18B | $735.9M |
| Key figures | ||||||||||
| Total debt | $2.71B | $2.71B | $2.93B | $2.99B | $3.48B | $3.54B | $3.35B | $2.51B | $2.58B | $3.02B |
| Net cash (debt) | −$2.57B | −$2.63B | −$2.79B | −$2.97B | −$3.43B | −$3.32B | −$3.25B | −$2.45B | −$2.52B | −$2.98B |
| Working capital | $69.5M | $45.9M | $185.4M | $141.3M | $172.6M | $231.3M | $34.8M | −$10.4M | $184.7M | $178.9M |
| Tangible book value | $812.3M | $485.2M | $88.0M | −$235.2M | $515.9M | −$1.16B | −$1.43B | −$1.22B | −$1.19B | −$1.60B |
| Book value per share | $23.86 | $20.23 | $16.26 | $13.05 | $19.07 | $15.91 | $13.60 | $13.32 | $11.90 | $7.40 |
| Shares outstanding | 102.2M | 102.2M | 101.3M | 100.4M | 100.2M | 99.8M | 99.4M | 99.8M | 99.3M | 99.5M |
| Current ratio | 1.08 | 1.05 | 1.28 | 1.25 | 1.23 | 1.32 | 1.05 | 0.98 | 1.36 | 1.38 |
| Quick ratio | 0.91 | 0.81 | 1.15 | 0.97 | 0.74 | 1.10 | 0.82 | 0.80 | 1.02 | 1.02 |
| Debt / equity | 1.11 | 1.31 | 1.78 | 2.28 | 1.82 | 2.23 | 2.48 | 1.89 | 2.18 | 4.10 |
| Equity / assets | 34.4% | 31.6% | 27.0% | 23.2% | 27.8% | 24.6% | 22.2% | 25.4% | 24.1% | 15.7% |
| 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 | $107.7M | $200.5M | $145.1M | $48.7M | $170.6M | $95.8M | $85.4M | $239.5M | $299.4M | $285.7M | $141.8M | $178.4M |
| Cash & equivalents | $107.7M | $163.4M | $102.9M | $48.7M | $137.4M | $95.8M | $85.4M | $198.9M | $182.1M | $172.7M | $104.2M | $141.2M |
| Short-term investments | — | $37.1M | $42.2M | $34.1M | $33.2M | $44.6M | $39.0M | $40.6M | $117.3M | $113.0M | $37.6M | $37.2M |
| Receivables | $687.3M | $676.0M | $619.2M | $610.8M | $612.5M | $623.4M | $598.8M | $576.4M | $589.7M | $619.3M | $611.6M | $535.9M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $41.5M |
| Other current assets | $246.0M | $152.6M | $141.6M | $210.3M | $135.0M | $191.7M | $202.7M | $118.0M | $49.0M | $24.8M | $88.4M | $57.9M |
| Total current assets | $1.04B | $1.03B | $905.9M | $869.8M | $918.1M | $910.9M | $886.9M | $933.9M | $938.1M | $929.8M | $841.8M | $813.7M |
| Property, plant & equipment (net) | $4.54B | $4.42B | $4.31B | $4.14B | $4.04B | $3.94B | $3.85B | $3.73B | $3.66B | $3.57B | $3.51B | $3.38B |
| Goodwill & intangible assets | $1.63B | $1.62B | $1.63B | $1.59B | $1.60B | $1.58B | $1.58B | $1.58B | $1.59B | $1.55B | $1.56B | $1.56B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $246.3M | $244.4M | $243.7M | $257.4M | $232.9M | $209.5M | $219.2M | $210.9M | $208.4M | $178.7M | $191.6M | $209.8M |
| Total assets | $7.46B | $7.31B | $7.09B | $6.87B | $6.79B | $6.64B | $6.53B | $6.46B | $6.39B | $6.23B | $6.10B | $5.96B |
| Liabilities | ||||||||||||
| Accounts payable | $221.6M | $204.0M | $178.2M | $138.4M | $174.5M | $159.1M | $171.0M | $170.3M | $164.2M | $166.1M | $170.0M | $590.4M |
| Short-term debt | $63.4M | $69.8M | $70.1M | $64.9M | $164.7M | $165.4M | $164.9M | $259.5M | $59.1M | $51.0M | $48.9M | $48.8M |
| Total current liabilities | $873.4M | $876.8M | $836.4M | $762.0M | $865.1M | $856.0M | $841.0M | $897.4M | $694.5M | $680.3M | $656.4M | $639.2M |
| Long-term debt | $2.60B | $2.53B | $2.45B | $2.39B | $2.32B | $2.33B | $2.36B | $2.34B | $2.68B | $2.68B | $2.69B | $2.69B |
| Lease obligations | $208.3M | $215.6M | $223.1M | $228.7M | $226.2M | $230.9M | $216.0M | $222.0M | $228.6M | $211.2M | $220.2M | $208.8M |
| Other long-term liabilities | $524.9M | $538.3M | $530.3M | $523.5M | $512.1M | $514.5M | $485.3M | $490.9M | $480.1M | $465.1M | $461.0M | $443.2M |
| Total liabilities | $4.00B | $3.95B | $3.81B | $3.68B | $3.70B | $3.70B | $3.69B | $3.73B | $3.86B | $3.83B | $3.81B | $3.78B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M |
| Retained earnings (deficit) | $1.60B | $1.46B | $1.29B | $1.16B | $1.06B | $930.8M | $796.7M | $693.2M | $602.3M | $503.7M | $406.5M | $334.3M |
| Accumulated other comprehensive income | −$400,000 | −$200,000 | $500,000 | $500,000 | $300,000 | — | — | — | $0 | — | — | $0 |
| Minority interest | $863.4M | $845.5M | $837.6M | $812.5M | $808.1M | — | — | — | — | — | — | — |
| Total shareholders' equity | $2.60B | $2.52B | $2.44B | $2.37B | $2.28B | $2.16B | $2.07B | $1.96B | $1.84B | $1.74B | $1.65B | $1.56B |
| Key figures | ||||||||||||
| Total debt | $2.84B | $2.79B | $2.71B | $2.66B | $2.69B | $2.70B | $2.71B | $2.80B | $2.95B | $2.92B | $2.93B | $2.93B |
| Net cash (debt) | −$2.73B | −$2.59B | −$2.57B | −$2.61B | −$2.52B | −$2.61B | −$2.63B | −$2.56B | −$2.65B | −$2.63B | −$2.79B | −$2.75B |
| Working capital | $167.6M | $152.3M | $69.5M | $107.8M | $53.0M | $54.9M | $45.9M | $36.5M | $243.6M | $249.5M | $185.4M | $174.5M |
| Tangible book value | $967.4M | $903.8M | $812.3M | $778.9M | $681.2M | $580.6M | $485.2M | $379.6M | $252.4M | $188.4M | $88.0M | $2.7M |
| Book value per share | $25.98 | $25.07 | $23.90 | $23.20 | $22.31 | $21.15 | $20.21 | $19.19 | $18.03 | $17.04 | $16.23 | $15.39 |
| Shares outstanding | 100.0M | 100.6M | 102.0M | 102.3M | 102.2M | 102.1M | 102.3M | 102.1M | 102.0M | 102.2M | 101.5M | 101.4M |
| Current ratio | 1.19 | 1.17 | 1.08 | 1.14 | 1.06 | 1.06 | 1.05 | 1.04 | 1.35 | 1.37 | 1.28 | 1.27 |
| Quick ratio | 0.91 | 1.00 | 0.91 | 0.87 | 0.91 | 0.84 | 0.81 | 0.91 | 1.28 | 1.33 | 1.15 | 1.12 |
| Debt / equity | 1.09 | 1.11 | 1.11 | 1.12 | 1.18 | 1.25 | 1.31 | 1.43 | 1.60 | 1.68 | 1.78 | 1.87 |
| Equity / assets | 34.8% | 34.5% | 34.4% | 34.6% | 33.6% | 32.5% | 31.6% | 30.3% | 28.8% | 28.0% | 27.0% | 26.2% |
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.
EHC financial position
At the end of fiscal 2025 (December 31, 2025), Encompass Health had total assets of $7.1 billion (up 8.5% from a year earlier), total liabilities of $3.8 billion and shareholders' equity of $2.4 billion. It held $145.1 million in cash and short-term investments against $2.7 billion of debt, net debt of $2.6 billion. Its current ratio was 1.08. In the latest quarter (ended June 30, 2026) total assets were $7.5 billion and equity $2.6 billion.
Related: EHC income statement, EHC cash flow statement, EHC key metrics. See the EHC stock overview for the latest quote and news.
EHC balance sheet FAQ
What are Encompass Health's total assets?
Encompass Health reported total assets of $7.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $6.5 billion a year earlier.
How much debt does Encompass Health have?
Encompass Health had $2.7 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.11.
How much cash does Encompass Health have?
Encompass Health held $145.1 million in cash and short-term investments at the end of fiscal 2025; with $2.7 billion of debt that is net debt of $2.6 billion.
What is Encompass Health's book value?
Encompass Health's shareholders' equity (book value) was $2.4 billion at the end of fiscal 2025, or $23.86 per share.
What is Encompass Health's current ratio?
Encompass Health had current assets of $905.9 million and current liabilities of $836.4 million, a current ratio of 1.08 (it can cover its short-term obligations).
How much goodwill does Encompass Health have?
Encompass Health carried $1.6 billion of goodwill and intangible assets, 22.9% of total assets, at the end of fiscal 2025.