EquipmentShare.com Inc (EQPT) Balance Sheet
EQPT balance sheet, 2025
December 31, 2025 · U.S. dollars$5.99B assets = $5.46B liabilities + $528.0M equity
Both columns are drawn to the same scale: what EQPT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
EQPT financial health
Descriptive bands, not a rating. Fiscal 2025.
EQPT balance sheet trends, 2023–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $4.90B2023 | $5.99B2025 | +10.5%/yr | |
| Total liabilities | $4.03B2023 | $5.46B2025 | +16.4%/yr | |
| Shareholders’ equity | $872.7M2023 | $528.0M2025 | −22.2%/yr | |
| Cash & short-term investments | $349.4M2023 | $306.0M2025 | −6.4%/yr | |
| Total debt | $3.81B2023 | $4.18B2025 | +4.8%/yr | |
| Net cash (debt) | −$3.46B2023 | −$3.88B2025 | −$414.4M | |
| Working capital | $440.8M2023 | $850.0M2025 | +$409.2M | |
| Book value per share | $3.472023 | $1.982025 | −24.4%/yr | |
| Current ratio | 1.712023 | 1.972025 | +0.26 | |
| Debt / equity | 4.372023 | 7.922025 | +3.56 | |
| Shares outstanding | 251.3M2023 | 266.0M2025 | +2.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
EQPT assets
EQPT liabilities and equity
EQPT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
EQPT balance sheet
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Assets | |||
| Cash & short-term investments | $306.0M | $457.3M | $349.4M |
| Cash & equivalents | $306.0M | $406.5M | $316.3M |
| Short-term investments | — | $50.8M | $33.1M |
| Receivables | $748.0M | $563.2M | $453.9M |
| Inventory | $401.0M | $331.5M | $241.3M |
| Other current assets | $275.0M | $55.6M | $19.6M |
| Total current assets | $1.73B | $1.41B | $1.06B |
| Property, plant & equipment (net) | $4.01B | $3.24B | $3.32B |
| Goodwill & intangible assets | $141.0M | $94.6M | $68.2M |
| Long-term investments | $59.0M | $53.8M | $44.0M |
| Other non-current assets | $43.0M | $431.5M | $408.3M |
| Total assets | $5.99B | $5.23B | $4.90B |
| Liabilities | |||
| Accounts payable | $95.0M | $91.5M | $72.6M |
| Short-term debt | $92.0M | $222.1M | $332.3M |
| Deferred revenue | $30.0M | $19.8M | $6.4M |
| Total current liabilities | $880.0M | $657.9M | $623.4M |
| Long-term debt | $3.27B | $2.53B | $2.22B |
| Lease obligations | $912.0M | $701.6M | $783.0M |
| Other long-term liabilities | $1.31B | $1.17B | $1.19B |
| Total liabilities | $5.46B | $4.36B | $4.03B |
| Shareholders' equity | |||
| Retained earnings (deficit) | $0 | $8.3M | $25.4M |
| Accumulated other comprehensive income | — | $4.2M | $4.2M |
| Minority interest | — | $0 | $200,000 |
| Total shareholders' equity | $528.0M | $873.0M | $872.7M |
| Key figures | |||
| Total debt | $4.18B | $4.03B | $3.81B |
| Net cash (debt) | −$3.88B | −$3.57B | −$3.46B |
| Working capital | $850.0M | $749.7M | $440.8M |
| Tangible book value | $387.0M | $778.4M | $804.5M |
| Book value per share | $1.98 | $3.47 | $3.47 |
| Shares outstanding | 266.0M | 251.3M | 251.3M |
| Current ratio | 1.97 | 2.14 | 1.71 |
| Quick ratio | 1.20 | 1.55 | 1.29 |
| Debt / equity | 7.92 | 4.62 | 4.37 |
| Equity / assets | 8.8% | 16.7% | 17.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Dec '24 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $443.0M | $409.0M | $306.0M | $469.7M | $360.8M | $457.3M |
| Cash & equivalents | $443.0M | $329.0M | $306.0M | $401.8M | $360.8M | $406.5M |
| Short-term investments | — | $80.0M | — | $67.9M | — | $50.8M |
| Receivables | $971.0M | $818.0M | $748.0M | $723.1M | $661.8M | $563.2M |
| Inventory | $460.0M | $427.0M | $401.0M | $404.1M | $373.6M | $331.5M |
| Other current assets | $336.0M | $216.0M | $275.0M | $148.3M | $180.2M | $55.6M |
| Total current assets | $2.21B | $1.87B | $1.73B | $1.75B | $1.58B | $1.41B |
| Property, plant & equipment (net) | $1.31B | $4.22B | $4.01B | $4.12B | $3.59B | $3.24B |
| Goodwill & intangible assets | $143.0M | $143.0M | $141.0M | $134.5M | $103.4M | $94.6M |
| Long-term investments | $63.0M | $60.0M | $59.0M | $59.6M | $55.0M | $53.8M |
| Other non-current assets | $3.39B | $65.0M | $43.0M | $30.4M | $25.9M | $431.5M |
| Total assets | $7.11B | $6.36B | $5.99B | $6.09B | $5.35B | $5.23B |
| Liabilities | ||||||
| Accounts payable | $105.0M | $73.0M | $95.0M | $121.1M | $79.2M | $91.5M |
| Short-term debt | $216.0M | $190.0M | $92.0M | $218.1M | $95.5M | $222.1M |
| Deferred revenue | — | $30.0M | $30.0M | $29.4M | $26.6M | $19.8M |
| Total current liabilities | $914.0M | $758.0M | $880.0M | $793.5M | $631.6M | $657.9M |
| Long-term debt | $3.63B | $3.08B | $3.27B | $3.60B | $3.14B | $2.53B |
| Lease obligations | $985.0M | $957.0M | $912.0M | $874.0M | $772.6M | $701.6M |
| Other long-term liabilities | $980.0M | $950.0M | $1.31B | $874.9M | $1.12B | $1.17B |
| Total liabilities | $5.53B | $4.79B | $5.46B | $5.27B | $4.89B | $4.36B |
| Shareholders' equity | ||||||
| Retained earnings (deficit) | −$47.0M | −$29.0M | $0 | −$53.9M | −$60.2M | $8.3M |
| Accumulated other comprehensive income | — | −$1.0M | — | $1.1M | $1.3M | $4.2M |
| Total shareholders' equity | $1.58B | $1.57B | $528.0M | $819.8M | $467.1M | $873.0M |
| Key figures | ||||||
| Total debt | $4.81B | $4.21B | $4.18B | $5.33B | $3.92B | $4.03B |
| Net cash (debt) | −$4.37B | −$3.80B | −$3.88B | −$4.86B | −$3.56B | −$3.57B |
| Working capital | $1.30B | $1.11B | $850.0M | $951.7M | $944.8M | $749.7M |
| Tangible book value | $1.44B | $1.43B | $387.0M | $685.3M | $363.7M | $778.4M |
| Book value per share | $6.25 | $6.21 | $2.10 | $3.26 | $1.86 | $3.47 |
| Shares outstanding | 253.0M | 253.0M | 251.3M | 251.3M | 251.3M | 251.3M |
| Current ratio | 2.42 | 2.47 | 1.97 | 2.20 | 2.50 | 2.14 |
| Quick ratio | 1.55 | 1.62 | 1.20 | 1.50 | 1.62 | 1.55 |
| Debt / equity | 3.04 | 2.68 | 7.92 | 6.50 | 8.39 | 4.62 |
| Equity / assets | 22.2% | 24.7% | 8.8% | 13.5% | 8.7% | 16.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
EQPT financial position
At the end of fiscal 2025 (December 31, 2025), EquipmentShare.com had total assets of $6.0 billion (up 14.5% from a year earlier), total liabilities of $5.5 billion and shareholders' equity of $528.0 million. It held $306.0 million in cash and short-term investments against $4.2 billion of debt, net debt of $3.9 billion. Its current ratio was 1.97. In the latest quarter (ended June 30, 2026) total assets were $7.1 billion and equity $1.6 billion.
Related: EQPT income statement, EQPT cash flow statement, EQPT key metrics. See the EQPT stock overview for the latest quote and news.
EQPT balance sheet FAQ
What are EquipmentShare.com's total assets?
EquipmentShare.com reported total assets of $6.0 billion at the end of fiscal 2025 (December 31, 2025), compared with $5.2 billion a year earlier.
How much debt does EquipmentShare.com have?
EquipmentShare.com had $4.2 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 7.92.
How much cash does EquipmentShare.com have?
EquipmentShare.com held $306.0 million in cash and short-term investments at the end of fiscal 2025; with $4.2 billion of debt that is net debt of $3.9 billion.
What is EquipmentShare.com's book value?
EquipmentShare.com's shareholders' equity (book value) was $528.0 million at the end of fiscal 2025, or $1.98 per share.
What is EquipmentShare.com's current ratio?
EquipmentShare.com had current assets of $1.7 billion and current liabilities of $880.0 million, a current ratio of 1.97 (it can cover its short-term obligations).
How much goodwill does EquipmentShare.com have?
EquipmentShare.com carried $141.0 million of goodwill and intangible assets, 2.4% of total assets, at the end of fiscal 2025.