Five Below, Inc. (FIVE) Balance Sheet
FIVE balance sheet, FY2026
January 31, 2026 · U.S. dollars$5.52B assets = $3.33B liabilities + $2.19B equity
Both columns are drawn to the same scale: what FIVE owns equals what it owes plus shareholders’ equity. Hover a block for its value.
FIVE financial health
Current ratio2.01
Comfortable · current assets cover current liabilities 2.01×
Debt / equity0.93
Moderate leverage · $0.93 of debt for each $1 of equity
Equity / assets39.7%
Balanced · of assets funded by shareholders
Cash / debt45.9%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
FIVE balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $500.5MFY2017 | $5.52BFY2026 | +30.6%/yr | |
| Total liabilities | $169.1MFY2017 | $3.33BFY2026 | +39.2%/yr | |
| Shareholders’ equity | $331.4MFY2017 | $2.19BFY2026 | +23.4%/yr | |
| Cash & short-term investments | $153.9MFY2017 | $932.2MFY2026 | +22.2%/yr | |
| Total debt | $948.1MFY2020 | $2.03BFY2026 | +13.5%/yr | |
| Net cash (debt) | −$686.4MFY2020 | −$1.10BFY2026 | −$413.6M | |
| Working capital | $223.2MFY2017 | $962.7MFY2026 | +$739.5M | |
| Book value per share | $6.01FY2017 | $39.45FY2026 | +23.2%/yr | |
| Current ratio | 2.92FY2017 | 2.01FY2026 | −0.91 | |
| Debt / equity | 1.25FY2020 | 0.93FY2026 | −0.32 | |
| Shares outstanding | 55.1MFY2017 | 55.6MFY2026 | +0.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FIVE assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
FIVE liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
FIVE debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
FIVE balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $932.2M | $528.8M | $460.1M | $399.2M | $342.1M | $409.7M | $261.7M | $337.2M | $244.6M | $153.9M |
| Cash & equivalents | $723.7M | $331.7M | $179.7M | $332.3M | $65.0M | $268.8M | $202.5M | $251.7M | $112.7M | $76.1M |
| Short-term investments | $208.5M | $197.1M | $280.3M | $66.8M | $277.1M | $140.9M | $59.2M | $85.4M | $132.0M | $77.8M |
| Receivables | $5.2M | $4.6M | $4.8M | $8.9M | $11.3M | $6.3M | $4.1M | $1.3M | $2.3M | $1.6M |
| Inventory | $846.6M | $659.5M | $584.6M | $527.7M | $455.1M | $281.3M | $324.0M | $243.6M | $187.0M | $154.4M |
| Other current assets | $132.7M | $158.4M | $154.0M | $130.6M | $96.2M | $58.1M | $75.9M | $60.1M | $45.4M | $29.9M |
| Total current assets | $1.92B | $1.35B | $1.20B | $1.07B | $904.7M | $755.4M | $665.7M | $642.3M | $479.4M | $339.8M |
| Property, plant & equipment (net) | $3.00B | $2.97B | $2.64B | $2.24B | $1.93B | $1.54B | $1.28B | $301.3M | $180.3M | $138.4M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $7.8M | $0 | $37.7M | $0 | $0 | $0 | $27.7M | $10.5M |
| Other non-current assets | $605.5M | $19.9M | $17.0M | $13.9M | $9.1M | $18.1M | $10.9M | $8.7M | $8.3M | $11.9M |
| Total assets | $5.52B | $4.34B | $3.87B | $3.32B | $2.88B | $2.31B | $1.96B | $952.3M | $695.7M | $500.5M |
| Liabilities | ||||||||||
| Accounts payable | $368.4M | $260.3M | $256.3M | $221.1M | $196.5M | $138.6M | $130.2M | $103.7M | $73.0M | $51.2M |
| Short-term debt | $301.1M | $274.9M | $241.0M | $199.8M | $163.5M | $286.1M | $110.5M | — | — | — |
| Deferred revenue | — | — | $41.77B | $3.16B | — | — | $8.7M | $6.1M | $6.7M | $11.0M |
| Total current liabilities | $954.0M | $756.4M | $715.9M | $602.6M | $586.9M | $435.7M | $351.3M | $253.1M | $164.5M | $116.6M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $2.03B | $1.98B | $1.74B | $1.50B | $1.30B | $1.11B | $948.1M | — | — | — |
| Other long-term liabilities | $2.37B | $1.77B | $1.57B | $1.36B | $1.17B | $997.2M | $847.5M | $84.1M | $72.7M | $52.6M |
| Total liabilities | $3.33B | $2.53B | $2.29B | $1.96B | $1.76B | $1.43B | $1.20B | $337.2M | $237.2M | $169.1M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $551,000 | $549,000 | $551,000 | $555,000 | $556,000 | $559,000 | $557,000 | $557,000 | $554,000 | $549,000 |
| Retained earnings (deficit) | $2.01B | $1.66B | $1.40B | $1.10B | $839.1M | $560.3M | $436.9M | $261.8M | $111.7M | $9.3M |
| Accumulated other comprehensive income | — | — | — | $0 | $0 | — | −$215.1M | −$168.6M | −$127.7M | −$100.2M |
| Total shareholders' equity | $2.19B | $1.81B | $1.58B | $1.36B | $1.12B | $881.9M | $759.8M | $615.1M | $458.6M | $331.4M |
| Key figures | ||||||||||
| Total debt | $2.03B | $1.98B | $1.74B | $1.50B | $1.30B | $1.11B | $948.1M | — | — | — |
| Net cash (debt) | −$1.10B | −$1.45B | −$1.28B | −$1.10B | −$956.9M | −$700.6M | −$686.4M | — | — | — |
| Working capital | $962.7M | $594.9M | $487.6M | $463.8M | $317.8M | $319.7M | $314.4M | $389.2M | $314.9M | $223.2M |
| Tangible book value | $2.19B | $1.81B | $1.58B | $1.36B | $1.12B | $881.9M | $759.8M | $615.1M | $458.6M | $331.4M |
| Book value per share | $39.45 | $32.79 | $28.50 | $24.43 | $19.90 | $15.73 | $13.53 | $10.94 | $8.25 | $6.01 |
| Shares outstanding | 55.6M | 55.2M | 55.6M | 55.7M | 56.3M | 56.1M | 56.2M | 56.2M | 55.6M | 55.1M |
| Current ratio | 2.01 | 1.79 | 1.68 | 1.77 | 1.54 | 1.73 | 1.89 | 2.54 | 2.91 | 2.92 |
| Quick ratio | 0.98 | 0.71 | 0.65 | 0.68 | 0.60 | 0.95 | 0.76 | 1.34 | 1.50 | 1.33 |
| Debt / equity | 0.93 | 1.10 | 1.10 | 1.10 | 1.16 | 1.26 | 1.25 | — | — | — |
| Equity / assets | 39.7% | 41.7% | 40.9% | 41.0% | 38.9% | 38.1% | 38.8% | 64.6% | 65.9% | 66.2% |
| 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 | $1.19B | $1.11B | $932.2M | $524.5M | $670.2M | $624.0M | $528.8M | $216.6M | $327.7M | $369.6M | $460.1M | $162.9M |
| Cash & equivalents | $561.1M | $638.9M | $723.7M | $351.0M | $562.7M | $427.5M | $331.7M | $169.7M | $209.0M | $96.3M | $179.7M | $162.9M |
| Short-term investments | $626.8M | $474.4M | $208.5M | $173.5M | $107.4M | $196.5M | $197.1M | $46.9M | $118.7M | $273.3M | $280.3M | $0 |
| Receivables | $0 | $0 | $5.2M | $12.5M | $4.7M | $4.6M | $4.6M | $20.3M | $14.1M | $4.8M | $4.8M | $23.9M |
| Inventory | $941.2M | $813.3M | $846.6M | $1.11B | $799.6M | $702.1M | $659.5M | $817.8M | $639.9M | $630.0M | $584.6M | $763.3M |
| Other current assets | $106.3M | $135.4M | $132.7M | $110.8M | $110.5M | $142.4M | $158.4M | $157.4M | $136.9M | $146.0M | $154.0M | $140.8M |
| Total current assets | $2.24B | $2.06B | $1.92B | $1.76B | $1.58B | $1.47B | $1.35B | $1.21B | $1.12B | $1.15B | $1.20B | $1.09B |
| Property, plant & equipment (net) | $3.02B | $2.97T | $3.00B | $3.00B | $3.00B | $2.96B | $2.97B | $2.95B | $2.87B | $2.78B | $2.64B | $2.55B |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $11.3M | $0 | $0 | $0 | $0 | $0 | $0 | $7.8M | $0 |
| Other non-current assets | $25.9M | $0 | $605.5M | $21.9M | $21.6M | $22.0M | $19.9M | $20.4M | $20.1M | $18.5M | $17.0M | $16.1M |
| Total assets | $5.28B | $5.06B | $5.52B | $4.79B | $4.61B | $4.45B | $4.34B | $4.19B | $4.01B | $3.95B | $3.87B | $3.66B |
| Liabilities | ||||||||||||
| Accounts payable | $436.7M | $351.5M | $368.4M | $519.7M | $371.8M | $276.5M | $260.3M | $352.2M | $256.0M | $221.8M | $256.3M | $349.3M |
| Short-term debt | $307.6M | $300.5M | $301.1M | $335.1M | $311.4M | $304.9M | $274.9M | $351.1M | $252.4M | $292.0M | $241.0M | $231.2M |
| Deferred revenue | — | — | — | — | — | — | — | — | — | $51.6M | $41.8M | — |
| Total current liabilities | $1.01B | $982.7M | $954.0M | $1.10B | $924.6M | $861.7M | $756.4M | $875.4M | $685.2M | $741.6M | $715.9M | $758.2M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $2.04B | $2.00B | $2.03B | $2.01B | $2.02B | $1.98B | $1.98B | $1.97B | $1.89B | $1.84B | $1.74B | $1.69B |
| Other long-term liabilities | $1.80B | $1.76B | $2.37B | $1.74B | $1.77B | $1.73B | $1.77B | $1.69B | $1.72B | $1.62B | $1.57B | $1.52B |
| Total liabilities | $2.80B | $2.74B | $3.33B | $2.84B | $2.70B | $2.59B | $2.53B | $2.57B | $2.41B | $2.36B | $2.29B | $2.28B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $550,000 | $552,000 | $551,000 | $550,000 | $550,000 | $549,000 | $549,000 | $549,000 | $549,000 | $550,000 | $551,000 | $551,000 |
| Retained earnings (deficit) | $2.36B | $2.14B | $2.01B | $1.78B | $1.74B | $1.70B | $1.66B | $1.47B | $1.47B | $1.43B | $1.40B | $1.20B |
| Total shareholders' equity | $2.48B | $2.31B | $2.19B | $1.95B | $1.91B | $1.86B | $1.81B | $1.62B | $1.61B | $1.58B | $1.58B | $1.38B |
| Key figures | ||||||||||||
| Total debt | $2.04B | $2.00B | $2.03B | $2.01B | $2.02B | $1.98B | $1.98B | $1.97B | $1.89B | $1.84B | $1.74B | $1.69B |
| Net cash (debt) | −$850.7M | −$885.4M | −$1.10B | −$1.49B | −$1.35B | −$1.35B | −$1.45B | −$1.75B | −$1.57B | −$1.47B | −$1.28B | −$1.52B |
| Working capital | $1.23B | $1.08B | $962.7M | $663.2M | $660.3M | $611.4M | $594.9M | $336.8M | $433.4M | $408.8M | $487.6M | $332.8M |
| Tangible book value | $2.48B | $2.31B | $2.19B | $1.95B | $1.91B | $1.86B | $1.81B | $1.62B | $1.61B | $1.58B | $1.58B | $1.38B |
| Book value per share | $44.64 | $41.59 | $39.45 | $35.09 | $34.43 | $33.67 | $32.75 | $29.32 | $29.21 | $28.68 | $28.63 | $24.79 |
| Shares outstanding | 55.5M | 55.6M | 55.6M | 55.6M | 55.4M | 55.2M | 55.2M | 55.1M | 55.0M | 55.3M | 55.4M | 55.6M |
| Current ratio | 2.22 | 2.10 | 2.01 | 1.60 | 1.71 | 1.71 | 1.79 | 1.38 | 1.63 | 1.55 | 1.68 | 1.44 |
| Quick ratio | 1.18 | 1.13 | 0.98 | 0.49 | 0.73 | 0.73 | 0.71 | 0.27 | 0.50 | 0.50 | 0.65 | 0.25 |
| Debt / equity | 0.82 | 0.86 | 0.93 | 1.03 | 1.06 | 1.06 | 1.10 | 1.22 | 1.18 | 1.16 | 1.10 | 1.22 |
| Equity / assets | 46.9% | 45.7% | 39.7% | 40.7% | 41.4% | 41.7% | 41.7% | 38.6% | 40.1% | 40.1% | 40.9% | 37.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 19, 2026); data from EODHD.
FIVE financial position
At the end of fiscal 2026 (January 31, 2026), Five Below had total assets of $5.5 billion (up 27.3% from a year earlier), total liabilities of $3.3 billion and shareholders' equity of $2.2 billion. It held $932.2 million in cash and short-term investments against $2.0 billion of debt, net debt of $1.1 billion. Its current ratio was 2.01. In the latest quarter (ended July 31, 2026) total assets were $5.3 billion and equity $2.5 billion.
Related: FIVE income statement, FIVE cash flow statement, FIVE key metrics. See the FIVE stock overview for the latest quote and news.
FIVE balance sheet FAQ
What are Five Below's total assets?
Five Below reported total assets of $5.5 billion at the end of fiscal 2026 (January 31, 2026), compared with $4.3 billion a year earlier.
How much debt does Five Below have?
Five Below had $2.0 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.93.
How much cash does Five Below have?
Five Below held $932.2 million in cash and short-term investments at the end of fiscal 2026; with $2.0 billion of debt that is net debt of $1.1 billion.
What is Five Below's book value?
Five Below's shareholders' equity (book value) was $2.2 billion at the end of fiscal 2026, or $39.45 per share.
What is Five Below's current ratio?
Five Below had current assets of $1.9 billion and current liabilities of $954.0 million, a current ratio of 2.01 (it can cover its short-term obligations).