Greif, Inc. (GEF) Balance Sheet
GEF balance sheet, FY2025
October 31, 2025 · U.S. dollars$5.77B assets = $2.72B liabilities + $3.04B equity
Both columns are drawn to the same scale: what GEF owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GEF financial health
Current ratio1.47
Adequate · current assets cover current liabilities 1.47×
Debt / equity0.54
Moderate leverage · $0.54 of debt for each $1 of equity
Equity / assets50.5%
Equity-funded · of assets funded by shareholders
Cash / debt16.4%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles44.0%
Acquisition-heavy · of total assets
Descriptive bands, not a rating. Fiscal FY2025.
GEF balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $3.17BFY2016 | $5.77BFY2025 | +6.9%/yr | |
| Total liabilities | $2.18BFY2016 | $2.72BFY2025 | +2.5%/yr | |
| Shareholders’ equity | $947.4MFY2016 | $2.91BFY2025 | +13.3%/yr | |
| Cash & short-term investments | $103.7MFY2016 | $256.7MFY2025 | +10.6%/yr | |
| Total debt | $1.03BFY2016 | $1.57BFY2025 | +4.8%/yr | |
| Net cash (debt) | −$922.5MFY2016 | −$1.31BFY2025 | −$389.8M | |
| Working capital | $261.1MFY2016 | $534.3MFY2025 | +$273.2M | |
| Book value per share | $19.81FY2016 | $61.24FY2025 | +13.4%/yr | |
| Current ratio | 1.40FY2016 | 1.47FY2025 | +0.08 | |
| Debt / equity | 1.08FY2016 | 0.54FY2025 | −0.54 | |
| Shares outstanding | 47.8MFY2016 | 47.6MFY2025 | −0.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GEF assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
GEF liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
GEF debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GEF balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $256.7M | $197.7M | $180.9M | $147.1M | $124.6M | $105.9M | $77.3M | $94.2M | $142.3M | $103.7M |
| Cash & equivalents | $256.7M | $197.7M | $180.9M | $147.1M | $124.6M | $105.9M | $77.3M | $94.2M | $142.3M | $103.7M |
| Short-term investments | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Receivables | $655.3M | $746.9M | $659.4M | $749.1M | $889.5M | $636.6M | $664.2M | $456.7M | $447.0M | $399.2M |
| Inventory | $336.8M | $399.5M | $338.6M | $403.3M | $499.2M | $293.6M | $358.2M | $289.5M | $279.5M | $277.4M |
| Other current assets | $415.1M | $205.3M | $190.2M | $199.9M | $150.8M | $266.7M | $149.3M | $136.3M | $125.7M | $140.0M |
| Total current assets | $1.66B | $1.55B | $1.37B | $1.50B | $1.66B | $1.30B | $1.25B | $976.7M | $994.5M | $920.3M |
| Property, plant & equipment (net) | $1.32B | $1.74B | $1.88B | $1.48B | $1.59B | $1.61B | $1.69B | $1.19B | $1.19B | $1.16B |
| Goodwill & intangible assets | $2.54B | $2.89B | $2.49B | $2.04B | $2.16B | $2.23B | $2.29B | $856.6M | $883.4M | $897.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8.9M | $0 |
| Other non-current assets | $243.8M | $463.6M | $223.1M | $445.7M | $401.9M | $364.5M | $193.1M | $169.6M | $157.1M | $192.2M |
| Total assets | $5.77B | $6.65B | $5.96B | $5.47B | $5.82B | $5.51B | $5.43B | $3.19B | $3.23B | $3.17B |
| Liabilities | ||||||||||
| Accounts payable | $429.6M | $521.9M | $497.8M | $561.3M | $704.5M | $450.7M | $435.2M | $403.8M | $399.2M | $372.0M |
| Short-term debt | $331.6M | $176.5M | $150.9M | $126.6M | $224.8M | $203.8M | $92.9M | $26.1M | $29.5M | $51.6M |
| Total current liabilities | $1.13B | $1.01B | $939.3M | $1.05B | $1.31B | $1.00B | $825.4M | $666.5M | $687.9M | $659.2M |
| Long-term debt | $944.1M | $2.66B | $2.15B | $1.84B | $2.05B | $2.34B | $2.66B | $884.1M | $937.8M | $974.6M |
| Lease obligations | — | $326.5M | $294.0M | $258.3M | $293.5M | $310.0M | — | — | — | — |
| Other long-term liabilities | $648.4M | $725.4M | $760.6M | $772.6M | $847.2M | $954.6M | $729.9M | $454.5M | $527.6M | $549.9M |
| Total liabilities | $2.72B | $4.40B | $3.85B | $3.66B | $4.22B | $4.29B | $4.21B | $2.01B | $2.15B | $2.18B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $247.3M | $230.3M | $208.4M | $173.5M | $179.3M | $170.2M | $162.6M | $150.5M | $144.2M | $141.4M |
| Retained earnings (deficit) | $3.19B | $2.49B | $2.34B | $2.10B | $1.83B | $1.54B | $1.54B | $1.47B | $1.36B | $1.34B |
| Treasury stock | — | — | — | — | −$134.1M | −$134.4M | −$134.8M | −$135.4M | −$135.6M | −$135.6M |
| Accumulated other comprehensive income | −$250.8M | −$355.1M | −$316.5M | −$302.3M | −$356.5M | −$427.5M | −$433.7M | −$377.1M | −$358.2M | −$398.4M |
| Minority interest | — | $165.0M | $163.7M | $33.0M | $61.3M | $48.5M | $58.0M | $46.4M | $36.6M | $10.5M |
| Total shareholders' equity | $2.91B | $2.08B | $1.95B | $1.76B | $1.51B | $1.15B | $1.13B | $1.11B | $1.01B | $947.4M |
| Key figures | ||||||||||
| Total debt | $1.57B | $3.07B | $2.54B | $2.18B | $2.52B | $2.80B | $2.75B | $910.1M | $967.3M | $1.03B |
| Net cash (debt) | −$1.31B | −$2.87B | −$2.36B | −$2.03B | −$2.39B | −$2.69B | −$2.67B | −$815.9M | −$825.0M | −$922.5M |
| Working capital | $534.3M | $535.0M | $429.8M | $451.5M | $350.0M | $302.7M | $423.6M | $310.2M | $306.6M | $261.1M |
| Tangible book value | $377.5M | −$808.4M | −$537.3M | −$279.4M | −$649.5M | −$1.08B | −$1.16B | $251.2M | $127.5M | $50.4M |
| Book value per share | $61.24 | $44.02 | $41.03 | $36.24 | $31.12 | $23.81 | $23.50 | $23.09 | $21.13 | $19.81 |
| Shares outstanding | 47.6M | 47.3M | 47.5M | 48.6M | 48.7M | 48.4M | 48.2M | 48.0M | 47.8M | 47.8M |
| Current ratio | 1.47 | 1.53 | 1.46 | 1.43 | 1.27 | 1.30 | 1.51 | 1.47 | 1.45 | 1.40 |
| Quick ratio | 0.81 | 0.93 | 0.89 | 0.86 | 0.77 | 0.74 | 0.90 | 0.83 | 0.86 | 0.76 |
| Debt / equity | 0.54 | 1.47 | 1.30 | 1.24 | 1.66 | 2.43 | 2.43 | 0.82 | 0.96 | 1.08 |
| Equity / assets | 50.5% | 31.3% | 32.7% | 32.2% | 26.0% | 20.9% | 20.9% | 34.7% | 31.3% | 29.9% |
| Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | Jul '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $288.5M | $286.1M | $243.5M | $256.7M | $252.7M | $201.1M | $197.7M | $194.2M | $196.0M | $179.3M | $180.9M | $157.7M |
| Cash & equivalents | $288.5M | $286.1M | $243.5M | $256.7M | $252.7M | $201.1M | $197.7M | $194.2M | $196.0M | $179.3M | $180.9M | $157.7M |
| Receivables | $747.0M | $707.1M | $602.1M | $655.3M | $803.7M | $706.0M | $746.9M | $785.7M | $772.0M | $639.2M | $659.4M | $682.7M |
| Inventory | $379.6M | $340.0M | $349.4M | $336.8M | $430.7M | $416.7M | $399.5M | $420.7M | $411.7M | $368.5M | $338.6M | $387.7M |
| Other current assets | $219.9M | $230.6M | $245.4M | $415.1M | $267.3M | $273.3M | $205.3M | $312.7M | $234.5M | $202.3M | $190.2M | $215.3M |
| Total current assets | $1.64B | $1.56B | $1.44B | $1.66B | $1.75B | $1.60B | $1.55B | $1.71B | $1.61B | $1.39B | $1.37B | $1.44B |
| Property, plant & equipment (net) | $1.33B | $1.33B | $1.34B | $1.32B | $1.69B | $1.69B | $1.74B | $1.99B | $1.80B | $1.67B | $1.88B | $1.60B |
| Goodwill & intangible assets | $2.51B | $2.49B | $2.52B | $2.54B | $2.87B | $2.85B | $2.89B | $2.91B | $2.95B | $2.48B | $2.49B | $2.39B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $229.5M | $217.4M | $206.7M | $243.8M | $437.2M | $446.1M | $463.6M | $217.9M | $467.4M | $431.7M | $223.1M | $442.3M |
| Total assets | $5.70B | $5.60B | $5.50B | $5.77B | $6.75B | $6.59B | $6.65B | $6.83B | $6.83B | $5.97B | $5.96B | $5.87B |
| Liabilities | ||||||||||||
| Accounts payable | $497.3M | $500.9M | $402.1M | $429.6M | $531.6M | $473.3M | $521.9M | $533.6M | $549.5M | $468.0M | $497.8M | $505.8M |
| Short-term debt | $389.0M | $349.4M | $335.2M | $331.6M | $544.3M | $479.3M | $176.5M | $178.7M | $196.8M | $165.2M | $150.9M | $145.3M |
| Total current liabilities | $1.27B | $1.23B | $1.17B | $1.13B | $1.39B | $1.22B | $1.01B | $1.01B | $1.03B | $882.7M | $939.3M | $951.2M |
| Long-term debt | $687.4M | $701.2M | $655.1M | $2.25B | $2.32B | $2.45B | $2.66B | $2.79B | $2.78B | $2.19B | $2.12B | $2.08B |
| Lease obligations | $203.2M | $203.5M | $208.1M | $222.8M | $298.2M | $308.4M | $326.5M | $339.4M | $378.2M | $333.6M | $294.0M | $272.0M |
| Other long-term liabilities | $618.2M | $595.4M | $606.9M | $0 | $740.8M | $705.0M | $725.4M | $805.5M | $846.7M | $739.8M | $788.5M | $797.1M |
| Total liabilities | $2.57B | $2.52B | $2.43B | $2.72B | $4.45B | $4.38B | $4.40B | $4.61B | $4.66B | $3.81B | $3.85B | $3.83B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $295.8M | $294.0M | $249.3M | $247.3M | $243.2M | $240.3M | $230.3M | $228.4M | $225.0M | $222.1M | $208.4M | $207.2M |
| Retained earnings (deficit) | $3.36B | $3.32B | $3.34B | $3.19B | $2.48B | $2.46B | $2.49B | $2.45B | $2.39B | $2.38B | $2.34B | $2.30B |
| Accumulated other comprehensive income | −$239.2M | −$254.2M | −$238.9M | −$250.8M | −$308.7M | −$384.6M | −$355.1M | −$341.5M | −$328.1M | −$327.8M | −$316.5M | −$276.7M |
| Minority interest | $130.8M | $131.7M | $130.5M | $135.3M | $172.1M | — | — | — | — | — | — | — |
| Total shareholders' equity | $3.00B | $2.94B | $2.94B | $2.91B | $2.13B | $2.04B | $2.08B | $2.06B | $2.01B | $1.99B | $1.95B | $1.95B |
| Key figures | ||||||||||||
| Total debt | $1.23B | $1.21B | $1.15B | $1.57B | $3.07B | $3.15B | $3.07B | $3.25B | $3.29B | $2.63B | $2.54B | $2.48B |
| Net cash (debt) | −$945.1M | −$923.3M | −$908.6M | −$1.31B | −$2.82B | −$2.95B | −$2.87B | −$3.05B | −$3.10B | −$2.45B | −$2.36B | −$2.32B |
| Working capital | $366.6M | $337.7M | $271.5M | $534.3M | $368.6M | $379.3M | $535.0M | $703.1M | $587.8M | $506.6M | $429.8M | $492.2M |
| Tangible book value | $486.2M | $455.0M | $421.6M | $377.5M | −$735.0M | −$809.5M | −$808.4M | −$855.1M | −$939.3M | −$485.1M | −$537.3M | −$444.3M |
| Book value per share | $52.07 | $51.66 | $50.32 | $61.24 | $36.66 | $35.21 | $43.75 | $43.39 | $42.52 | $42.43 | $33.61 | $33.62 |
| Shares outstanding | 57.6M | 57.0M | 58.5M | 47.6M | 58.2M | 58.0M | 47.6M | 47.4M | 47.2M | 47.0M | 58.0M | 58.0M |
| Current ratio | 1.29 | 1.28 | 1.23 | 1.47 | 1.27 | 1.31 | 1.53 | 1.70 | 1.57 | 1.57 | 1.46 | 1.52 |
| Quick ratio | 0.82 | 0.81 | 0.72 | 0.81 | 0.76 | 0.74 | 0.93 | 0.97 | 0.94 | 0.93 | 0.89 | 0.88 |
| Debt / equity | 0.41 | 0.41 | 0.39 | 0.54 | 1.44 | 1.54 | 1.47 | 1.58 | 1.64 | 1.32 | 1.30 | 1.27 |
| Equity / assets | 52.6% | 52.6% | 53.5% | 50.5% | 31.6% | 31.0% | 31.3% | 30.1% | 29.4% | 33.4% | 32.7% | 33.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 10, 2025); data from EODHD.
GEF financial position
At the end of fiscal 2025 (October 31, 2025), Greif had total assets of $5.8 billion (down 13.2% from a year earlier), total liabilities of $2.7 billion and shareholders' equity of $2.9 billion. It held $256.7 million in cash and short-term investments against $1.6 billion of debt, net debt of $1.3 billion. Its current ratio was 1.47. In the latest quarter (ended April 30, 2026) total assets were $5.7 billion and equity $3.0 billion.
Related: GEF income statement, GEF cash flow statement, GEF key metrics. See the GEF stock overview for the latest quote and news.
GEF balance sheet FAQ
What are Greif's total assets?
Greif reported total assets of $5.8 billion at the end of fiscal 2025 (October 31, 2025), compared with $6.6 billion a year earlier.
How much debt does Greif have?
Greif had $1.6 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.54.
How much cash does Greif have?
Greif held $256.7 million in cash and short-term investments at the end of fiscal 2025; with $1.6 billion of debt that is net debt of $1.3 billion.
What is Greif's book value?
Greif's shareholders' equity (book value) was $2.9 billion at the end of fiscal 2025, or $61.24 per share.
What is Greif's current ratio?
Greif had current assets of $1.7 billion and current liabilities of $1.1 billion, a current ratio of 1.47 (it can cover its short-term obligations).
How much goodwill does Greif have?
Greif carried $2.5 billion of goodwill and intangible assets, 44.0% of total assets, at the end of fiscal 2025.