Embecta Corp. (EMBC) Balance Sheet
EMBC balance sheet, FY2025
September 30, 2025 · U.S. dollars$1.09B assets = $1.74B liabilities + −$651.2M equity
Liabilities exceed assets: shareholders’ equity is negative (−$651.2M).
Both columns are drawn to the same scale: what EMBC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
EMBC financial health
Descriptive bands, not a rating. Fiscal FY2025.
EMBC balance sheet trends, FY2019–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $745.0MFY2019 | $1.09BFY2025 | +6.6%/yr | |
| Total liabilities | $126.0MFY2019 | $1.74BFY2025 | +54.9%/yr | |
| Shareholders’ equity | $577.0MFY2019 | −$651.2MFY2025 | — | |
| Cash & short-term investments | $0FY2021 | $225.5MFY2025 | — | |
| Total debt | $5.0MFY2020 | $1.43BFY2025 | +209.9%/yr | |
| Net cash (debt) | −$5.0MFY2020 | −$1.20BFY2025 | −$1.2B | |
| Working capital | $122.0MFY2019 | $369.9MFY2025 | +$247.9M | |
| Book value per share | $10.12FY2019 | −$11.05FY2025 | — | |
| Current ratio | 1.97FY2019 | 2.41FY2025 | +0.45 | |
| Debt / equity | 0.01FY2020 | 0.01FY2021 | 0.00 | |
| Shares outstanding | 57.0MFY2019 | 58.9MFY2025 | +0.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
EMBC assets
EMBC liabilities and equity
EMBC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
EMBC balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $225.5M | $267.5M | $326.5M | $330.9M | $0 | — | — |
| Cash & equivalents | $225.5M | $267.5M | $326.3M | $330.9M | $0 | — | — |
| Receivables | $148.9M | $248.0M | $17.9M | $23.4M | $150.6M | $120.0M | $127.0M |
| Inventory | $178.6M | $171.5M | $152.1M | $122.8M | $118.0M | $102.0M | $101.0M |
| Other current assets | $78.4M | $74.0M | $252.6M | $187.6M | $23.4M | $13.0M | $20.0M |
| Total current assets | $631.4M | $761.0M | $749.1M | $664.7M | $292.0M | $235.0M | $248.0M |
| Property, plant & equipment (net) | $257.2M | $290.4M | $323.2M | $301.6M | $451.0M | $462.0M | $457.0M |
| Goodwill & intangible assets | $22.4M | $23.7M | $24.7M | $24.6M | $34.0M | $30.0M | $32.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $179.9M | $210.2M | $117.4M | $95.5M | $11.0M | $11.0M | $8.0M |
| Total assets | $1.09B | $1.29B | $1.21B | $1.09B | $788.0M | $738.0M | $745.0M |
| Liabilities | |||||||
| Accounts payable | $74.2M | $91.0M | $53.5M | $41.4M | $54.2M | $50.0M | $47.0M |
| Short-term debt | $12.9M | $12.9M | $19.0M | $13.1M | $1.1M | $1.0M | — |
| Deferred revenue | — | — | $33.6M | — | −$1.0M | −$1.0M | — |
| Total current liabilities | $261.5M | $374.0M | $353.5M | $301.0M | $164.0M | $137.0M | $126.0M |
| Long-term debt | $1.39B | $1.57B | $1.59B | $1.60B | $0 | $0 | $0 |
| Lease obligations | $32.1M | $33.6M | $35.1M | $36.2M | $0 | — | — |
| Other long-term liabilities | $91.9M | $84.3M | $88.7M | $78.7M | $29.7M | $29.0M | $0 |
| Total liabilities | $1.74B | $2.02B | $2.04B | $1.98B | $194.0M | $166.0M | $126.0M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $600,000 | $600,000 | $600,000 | $600,000 | $865.0M | $834.0M | $855.0M |
| Retained earnings (deficit) | −$445.6M | −$498.6M | −$541.1M | −$577.1M | $0 | — | — |
| Accumulated other comprehensive income | −$285.6M | −$292.8M | −$309.1M | −$324.9M | −$271.0M | −$262.0M | −$278.0M |
| Total shareholders' equity | −$651.2M | −$738.3M | −$821.7M | −$891.4M | $594.0M | $572.0M | $577.0M |
| Key figures | |||||||
| Total debt | $1.43B | $1.61B | $1.64B | $1.64B | $4.1M | $5.0M | — |
| Net cash (debt) | −$1.20B | −$1.34B | −$1.31B | −$1.31B | −$4.1M | −$5.0M | — |
| Working capital | $369.9M | $387.0M | $395.6M | $363.7M | $128.0M | $98.0M | $122.0M |
| Tangible book value | −$673.6M | −$762.0M | −$846.4M | −$916.0M | $560.0M | $542.0M | $545.0M |
| Book value per share | −$11.05 | −$12.66 | −$14.23 | −$15.62 | $10.46 | $10.04 | $10.12 |
| Shares outstanding | 58.9M | 58.3M | 57.8M | 57.1M | 56.8M | 57.0M | 57.0M |
| Current ratio | 2.41 | 2.03 | 2.12 | 2.21 | 1.78 | 1.72 | 1.97 |
| Quick ratio | 1.43 | 1.38 | 0.97 | 1.18 | 0.92 | 0.88 | 1.01 |
| Debt / equity | — | — | — | — | 0.01 | 0.01 | — |
| Equity / assets | −59.7% | −57.4% | −67.7% | −82.1% | 75.4% | 77.5% | 77.4% |
| 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 | $214.7M | $184.9M | $201.3M | $225.5M | $230.6M | $209.3M | $210.0M | $267.5M | $275.1M | $299.8M | $298.7M | $326.5M |
| Cash & equivalents | $214.7M | $184.9M | $201.3M | $225.5M | $230.6M | $209.3M | $210.0M | $267.5M | $275.1M | $299.8M | $298.7M | $326.3M |
| Receivables | $182.2M | $147.1M | $159.2M | $148.9M | $192.9M | $202.6M | $220.5M | $248.0M | $173.0M | $124.9M | $97.3M | $17.9M |
| Inventory | $214.2M | $192.6M | $181.8M | $178.6M | $189.9M | $169.2M | $169.1M | $171.5M | $185.6M | $153.2M | $149.2M | $152.1M |
| Other current assets | $94.0M | $83.5M | $77.9M | $78.4M | $68.1M | $62.3M | $67.6M | $74.0M | $147.4M | $132.1M | $174.3M | $252.6M |
| Total current assets | $705.1M | $608.1M | $620.2M | $631.4M | $681.5M | $643.4M | $667.2M | $761.0M | $781.1M | $710.0M | $719.5M | $749.1M |
| Property, plant & equipment (net) | $316.8M | $237.5M | $248.9M | $257.2M | $262.7M | $257.4M | $258.9M | $290.4M | $311.6M | $314.8M | $301.3M | $323.2M |
| Goodwill & intangible assets | $87.4M | $21.9M | $22.1M | $22.4M | $22.7M | $23.1M | $23.4M | $23.7M | $23.8M | $24.1M | $24.3M | $24.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $156.0M | $161.8M | $172.5M | $179.9M | $190.4M | $196.3M | $200.0M | $210.2M | $151.0M | $150.7M | $172.7M | $117.4M |
| Total assets | $1.27B | $1.03B | $1.06B | $1.09B | $1.16B | $1.12B | $1.15B | $1.29B | $1.27B | $1.20B | $1.22B | $1.21B |
| Liabilities | ||||||||||||
| Accounts payable | $90.5M | $79.7M | $72.1M | $74.2M | $61.9M | $58.8M | $73.0M | $91.0M | $66.8M | $52.6M | $42.1M | $53.5M |
| Short-term debt | $149.3M | $13.0M | $13.0M | $12.9M | $12.9M | $12.9M | $12.9M | $12.9M | $17.8M | $19.1M | $19.2M | $19.0M |
| Deferred revenue | — | — | — | — | — | — | — | −$188.6M | −$4.9M | $27.9M | $34.1M | $33.6M |
| Total current liabilities | $419.8M | $247.3M | $234.7M | $261.5M | $275.5M | $259.3M | $298.2M | $374.0M | $370.7M | $310.4M | $326.6M | $353.5M |
| Long-term debt | $1.32B | $1.32B | $1.35B | $1.39B | $1.46B | $1.51B | $1.53B | $1.57B | $1.59B | $1.59B | $1.59B | $1.59B |
| Lease obligations | $30.9M | $31.3M | $31.7M | $32.1M | $32.5M | $32.9M | $33.2M | $33.6M | $33.9M | $34.5M | $34.8M | $35.1M |
| Other long-term liabilities | $142.5M | $91.2M | $89.2M | $91.9M | $92.6M | $88.0M | $85.4M | $84.3M | $69.7M | $67.0M | $91.8M | $88.7M |
| Total liabilities | $1.88B | $1.66B | $1.68B | $1.74B | $1.83B | $1.86B | $1.92B | $2.02B | $2.03B | $1.97B | $2.01B | $2.04B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $600,000 | $600,000 | $600,000 | $600,000 | $600,000 | $600,000 | $600,000 | $600,000 | $600,000 | $600,000 | $600,000 | $600,000 |
| Retained earnings (deficit) | −$404.3M | −$424.7M | −$411.1M | −$445.6M | −$457.1M | −$493.5M | −$507.9M | −$498.6M | −$504.2M | −$510.0M | −$530.0M | −$541.1M |
| Accumulated other comprehensive income | −$292.6M | −$290.0M | −$284.4M | −$285.6M | −$283.3M | −$308.3M | −$319.7M | −$292.8M | −$306.3M | −$299.9M | −$297.5M | −$309.1M |
| Total shareholders' equity | −$612.7M | −$626.1M | −$613.1M | −$651.2M | −$669.6M | −$736.2M | −$768.8M | −$738.3M | −$763.7M | −$769.6M | −$793.5M | −$821.7M |
| Key figures | ||||||||||||
| Total debt | $1.50B | $1.36B | $1.39B | $1.43B | $1.50B | $1.55B | $1.58B | $1.61B | $1.65B | $1.66B | $1.64B | $1.64B |
| Net cash (debt) | −$1.29B | −$1.17B | −$1.19B | −$1.20B | −$1.27B | −$1.34B | −$1.37B | −$1.34B | −$1.38B | −$1.36B | −$1.34B | −$1.31B |
| Working capital | $285.3M | $360.8M | $385.5M | $369.9M | $406.0M | $384.1M | $369.0M | $387.0M | $410.4M | $399.6M | $392.9M | $395.6M |
| Tangible book value | −$700.1M | −$648.0M | −$635.2M | −$673.6M | −$692.3M | −$759.3M | −$792.2M | −$762.0M | −$787.5M | −$793.7M | −$817.8M | −$846.4M |
| Book value per share | −$10.47 | −$10.63 | −$10.41 | −$11.06 | −$11.45 | −$12.56 | −$13.11 | −$12.71 | −$13.20 | −$13.31 | −$13.77 | −$14.30 |
| Shares outstanding | 58.5M | 58.9M | 58.9M | 58.9M | 58.5M | 58.6M | 58.6M | 58.1M | 57.8M | 57.8M | 57.6M | 57.5M |
| Current ratio | 1.68 | 2.46 | 2.64 | 2.41 | 2.47 | 2.48 | 2.24 | 2.03 | 2.11 | 2.29 | 2.20 | 2.12 |
| Quick ratio | 0.95 | 1.34 | 1.54 | 1.43 | 1.54 | 1.59 | 1.44 | 1.38 | 1.21 | 1.37 | 1.21 | 0.97 |
| Equity / assets | −48.4% | −60.8% | −57.6% | −59.7% | −57.9% | −65.7% | −66.9% | −57.4% | −60.3% | −64.2% | −65.2% | −67.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 25, 2025); data from EODHD.
EMBC financial position
At the end of fiscal 2025 (September 30, 2025), Embecta had total assets of $1.1 billion (down 15.1% from a year earlier), total liabilities of $1.7 billion and shareholders' equity of -$651.2 million. It held $225.5 million in cash and short-term investments against $1.4 billion of debt, net debt of $1.2 billion. Its current ratio was 2.41. In the latest quarter (ended June 30, 2026) total assets were $1.3 billion and equity -$612.7 million.
Related: EMBC income statement, EMBC cash flow statement, EMBC key metrics. See the EMBC stock overview for the latest quote and news.
EMBC balance sheet FAQ
What are Embecta's total assets?
Embecta reported total assets of $1.1 billion at the end of fiscal 2025 (September 30, 2025), compared with $1.3 billion a year earlier.
How much debt does Embecta have?
Embecta had $1.4 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Embecta have?
Embecta held $225.5 million in cash and short-term investments at the end of fiscal 2025; with $1.4 billion of debt that is net debt of $1.2 billion.
What is Embecta's book value?
Embecta's shareholders' equity (book value) was -$651.2 million at the end of fiscal 2025, or −$11.05 per share.
What is Embecta's current ratio?
Embecta had current assets of $631.4 million and current liabilities of $261.5 million, a current ratio of 2.41 (it can cover its short-term obligations).
How much goodwill does Embecta have?
Embecta carried $22.4 million of goodwill and intangible assets, 2.1% of total assets, at the end of fiscal 2025.