Greystone Housing Impact Investors LP (GHI) Balance Sheet
GHI balance sheet, 2025
December 31, 2025 · U.S. dollars$1.50B assets = $1.12B liabilities + $379.6M equity
Both columns are drawn to the same scale: what GHI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GHI financial health
Descriptive bands, not a rating. Fiscal 2025.
GHI balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $944.1M2016 | $1.50B2025 | +5.3%/yr | |
| Total liabilities | $623.2M2016 | $1.12B2025 | +6.8%/yr | |
| Shareholders’ equity | $320.9M2016 | $379.6M2025 | +1.9%/yr | |
| Cash & short-term investments | $758.1M2016 | $55,8292025 | −65.3%/yr | |
| Total debt | $606.6M2016 | $1.10B2025 | +6.8%/yr | |
| Net cash (debt) | $151.5M2016 | −$1.10B2025 | −$1.2B | |
| Working capital | $719.8M2016 | −$256.1M2025 | −$975.9M | |
| Book value per share | $15.672016 | $16.382025 | +0.5%/yr | |
| Current ratio | 10.592016 | 0.202025 | −10.39 | |
| Debt / equity | 1.892016 | 2.892025 | +1.00 | |
| Shares outstanding | 20.5M2016 | 23.2M2025 | +1.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GHI assets
GHI liabilities and equity
GHI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GHI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $55,829 | $14.7M | $37.9M | $51.2M | $68.3M | $44.5M | $42.3M | $32.0M | $908.1M | $758.1M |
| Cash & equivalents | $55,829 | $14.7M | $37.9M | $51.2M | $68.3M | $44.5M | $42.3M | $32.0M | $69.6M | $20.7M |
| Short-term investments | — | — | −$37.3M | — | — | — | — | $2.0M | $838.5M | $737.4M |
| Receivables | $7.28B | $62.6M | $128.8M | $186.7M | $77.3M | $21.1M | $15.4M | $23.0M | $36.1M | $36.7M |
| Inventory | $0 | $0 | −$1.52B | −$1.58B | $161.2M | $131.2M | $50.6M | −$989.7M | −$1.08B | −$951.1M |
| Other current assets | $0 | $0 | $1.52B | $1.58B | $0 | $0 | $0 | $975.0M | $1.05B | $951.1M |
| Total current assets | $62.2M | $77.3M | $166.7M | $237.9M | $145.6M | $65.6M | $57.7M | $40.3M | $916.6M | $794.9M |
| Property, plant & equipment (net) | $0 | $0 | $4.7M | $36.6M | $1.6M | $1.6M | $1.7M | $64.6M | $76.7M | $114.2M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $1.25B | $1.25B | $224.7M | $484.4M | $339.9M | $200.0M | $161.7M | $214.1M | $0 | $0 |
| Other non-current assets | $194.1M | $248.8M | $1.12B | $808.3M | $898.8M | $908.0M | $808.0M | $663.7M | $76.5M | $35.0M |
| Total assets | $1.50B | $1.58B | $1.51B | $1.57B | $1.39B | $1.18B | $1.03B | $982.7M | $1.07B | $944.1M |
| Liabilities | ||||||||||
| Accounts payable | $13.7M | $18.7M | $18.0M | $19.3M | $18.2M | $7.2M | $10.4M | $15.1M | $16.9M | $15.3M |
| Short-term debt | $318.3M | $0 | $714.2M | $953.3M | $65.1M | $39.5M | $161.3M | $217.9M | $50.0M | $59.8M |
| Deferred revenue | — | — | −$1.80B | −$2.11B | −$46.9M | −$32.3M | −$150.9M | −$944.6M | −$1.20B | −$1.11B |
| Total current liabilities | $318.3M | $18.7M | $18.0M | $19.3M | $18.2M | $7.2M | $10.4M | $15.1M | $66.9M | $75.1M |
| Long-term debt | $808.7M | $741.2M | $714.2M | $951.6M | $866.9M | $693.2M | $441.9M | $390.1M | $643.9M | $0 |
| Other long-term liabilities | $0 | $436.4M | $349.4M | $177.8M | $27.9M | $16.4M | $136.5M | $273.0M | $45.1M | $548.1M |
| Total liabilities | $1.12B | $1.20B | $1.08B | $1.15B | $919.0M | $721.1M | $592.8M | $678.2M | $755.9M | $623.2M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $277.2M | $98,621 | $543,977 | $285,571 | $372.4M | $359.8M | $341.9M | $344,590 | $437,256 | $102,536 |
| Retained earnings (deficit) | — | — | $431.2M | $418.1M | $466.1M | $453.3M | $435.6M | $209.8M | $219.1M | $320.8M |
| Accumulated other comprehensive income | — | — | $431.7M | $418.4M | $466.9M | $454.2M | $436.3M | −$12.3M | −$9.6M | $320.9M |
| Total shareholders' equity | $379.6M | $383.4M | $431.7M | $418.4M | $466.9M | $454.2M | $436.3M | $304.5M | $313.8M | $320.9M |
| Key figures | ||||||||||
| Total debt | $1.10B | $1.16B | $1.05B | $1.12B | $932.0M | $732.7M | $603.1M | $608.0M | $693.9M | $606.6M |
| Net cash (debt) | −$1.10B | −$1.15B | −$1.01B | −$1.06B | −$863.7M | −$688.2M | −$560.8M | −$576.0M | $214.2M | $151.5M |
| Working capital | −$256.1M | $58.6M | $148.7M | $218.6M | $127.4M | $58.4M | $47.3M | $25.2M | $849.7M | $719.8M |
| Tangible book value | $379.6M | $383.4M | $431.7M | $418.4M | $466.9M | $454.2M | $436.3M | $304.5M | $313.8M | $320.9M |
| Book value per share | $16.38 | $16.62 | $18.91 | $18.29 | $21.76 | $21.65 | $20.82 | $14.90 | $15.40 | $15.67 |
| Shares outstanding | 23.2M | 23.1M | 22.8M | 22.9M | 21.5M | 21.0M | 21.0M | 20.4M | 20.4M | 20.5M |
| Current ratio | 0.20 | 4.13 | 9.24 | 12.31 | 7.99 | 9.10 | 5.56 | 2.66 | 13.70 | 10.59 |
| Quick ratio | 22.86 | 4.13 | 9.24 | 12.31 | 7.99 | 9.10 | 5.56 | 3.64 | 14.11 | 10.59 |
| Debt / equity | 2.89 | 3.04 | 2.43 | 2.67 | 2.00 | 1.61 | 1.38 | 2.00 | 2.21 | 1.89 |
| Equity / assets | 25.3% | 24.3% | 28.5% | 26.7% | 33.7% | 38.6% | 42.4% | 31.0% | 29.3% | 34.0% |
| 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 | $56,248 | $20.63B | $55,829 | $36.2M | $47.5M | $51.4M | $14.7M | $37.4M | $34.0M | $56.3M | $37.9M | $58.9M |
| Cash & equivalents | $56,248 | $20.63B | $55,829 | $36.2M | $47.5M | $51.4M | $14.7M | $37.4M | $34.0M | $56.3M | $37.9M | $58.9M |
| Short-term investments | — | — | — | — | — | — | — | $37.34B | — | — | — | $58.86B |
| Receivables | $55.0M | $7.02B | $7.28B | $60.0M | $59.8M | $54.5M | $62.6M | $60.9M | $68.6M | $59.5M | $128.8M | $124.1M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $54.9M | $0 | $70.9M | $47.7M | $106.8M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $55.1M | $27.65B | $62.2M | $96.1M | $107.3M | $105.9M | $77.3M | $98.3M | $102.6M | $115.8M | $166.7M | $183.1M |
| Property, plant & equipment (net) | $916,080 | $3.4M | $0 | $0 | $0 | $0 | $0 | $0 | $4.7M | $4.7M | $4.7M | −$86,000 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $1.14B | $1.14B | $1.25B | $1.25B | $1.23B | $1.25B | $1.25B | $201.0M | $198.5M | $188.7M | $224.7M | $434.7M |
| Other non-current assets | $194.8M | $1.46T | $194.1M | $141.7M | $138.9M | $179.7M | $248.8M | $1.25B | $1.22B | $1.14B | $1.12B | $928.7M |
| Total assets | $1.39B | $1.49T | $1.50B | $1.49B | $1.48B | $1.54B | $1.58B | $1.55B | $1.53B | $1.45B | $1.51B | $1.55B |
| Liabilities | ||||||||||||
| Accounts payable | $15.0M | $11.1M | $13.7M | $14.8M | $15.1M | $17.4M | $18.7M | $17.3M | $17.5M | $17.4M | $18.0M | $17.9M |
| Short-term debt | — | $313.1M | $318.3M | $0 | $0 | $0 | $0 | $115.5M | $134.1M | $145.0M | $335.9M | $3.4M |
| Deferred revenue | — | — | — | — | — | — | — | — | $116.6M | $127.6M | — | $14.4M |
| Total current liabilities | $15.0M | $313.1M | $318.3M | $14.8M | $15.1M | $17.4M | $18.7M | $17.3M | $17.5M | $17.4M | $18.0M | $17.9M |
| Long-term debt | $0 | $0 | $808.7M | $911.6M | $823.5M | $842.2M | $741.2M | $993.0M | $0 | $0 | $0 | $1.08B |
| Other long-term liabilities | $1.01B | $1.12T | $0 | $170.6M | $265.8M | $286.1M | $436.4M | $131.7M | $1.11B | $1.01B | $1.06B | $59.0M |
| Total liabilities | $1.02B | $1.12T | $1.12B | $1.10B | $1.10B | $1.15B | $1.20B | $1.14B | $1.13B | $1.03B | $1.08B | $1.16B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | −$47,352 | $266.2M | $277.2M | −$47,352 | −$173,567 | −$17,171 | $98,621 | $335,224 | $294,615 | $438,671 | $543,977 | $19,833 |
| Total shareholders' equity | $366.2M | $368.53B | $379.6M | $388.8M | $376.2M | $391.8M | $383.4M | $407.3M | $403.3M | $427.2M | $431.7M | $389.8M |
| Key figures | ||||||||||||
| Total debt | $990.4M | $1.10B | $1.10B | $1.06B | $1.07B | $1.12B | $1.16B | $1.11B | $1.10B | $996.7M | $1.05B | $1.12B |
| Net cash (debt) | −$990.4M | $19.53B | −$1.10B | −$1.03B | −$1.03B | −$1.06B | −$1.15B | −$1.07B | −$1.06B | −$940.4M | −$1.01B | −$1.07B |
| Working capital | $40.1M | $27.34B | −$256.1M | $81.3M | $92.2M | $88.6M | $58.6M | $81.0M | $85.1M | $98.3M | $148.7M | $165.2M |
| Tangible book value | $366.2M | $368.53B | $379.6M | $388.8M | $376.2M | $391.8M | $383.4M | $407.3M | $403.3M | $427.2M | $431.7M | $389.8M |
| Book value per share | $15.74 | $15,839.05 | $16.36 | $16.78 | $16.24 | $16.91 | $16.59 | $17.64 | $17.47 | $18.57 | $18.81 | $17.00 |
| Shares outstanding | 23.3M | 23.3M | 23.2M | 23.2M | 23.2M | 23.2M | 23.1M | 23.1M | 23.1M | 23.0M | 22.9M | 22.9M |
| Current ratio | 3.67 | 88.31 | 0.20 | 6.48 | 7.11 | 6.10 | 4.13 | 5.69 | 5.88 | 6.64 | 9.24 | 10.25 |
| Quick ratio | 3.67 | 88.31 | 22.86 | 6.48 | 7.11 | 6.10 | 4.13 | 5.69 | 5.88 | 6.64 | 9.24 | 10.25 |
| Debt / equity | 2.70 | 0.00 | 2.89 | 2.73 | 2.86 | 2.85 | 3.04 | 2.72 | 2.72 | 2.33 | 2.43 | 2.88 |
| Equity / assets | 26.4% | 24.8% | 25.3% | 26.2% | 25.4% | 25.5% | 24.3% | 26.3% | 26.4% | 29.4% | 28.5% | 25.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed January 7, 2026); data from EODHD.
GHI financial position
At the end of fiscal 2025 (December 31, 2025), Greystone Housing Impact Investors had total assets of $1.5 billion (down 4.9% from a year earlier), total liabilities of $1.1 billion and shareholders' equity of $379.6 million. It held $0.1 million in cash and short-term investments against $1.1 billion of debt, net debt of $1.1 billion. Its current ratio was 0.20. In the latest quarter (ended June 30, 2026) total assets were $1.4 billion and equity $366.2 million.
Related: GHI income statement, GHI cash flow statement, GHI key metrics. See the GHI stock overview for the latest quote and news.
GHI balance sheet FAQ
What are Greystone Housing Impact Investors's total assets?
Greystone Housing Impact Investors reported total assets of $1.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.6 billion a year earlier.
How much debt does Greystone Housing Impact Investors have?
Greystone Housing Impact Investors had $1.1 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 2.89.
How much cash does Greystone Housing Impact Investors have?
Greystone Housing Impact Investors held $0.1 million in cash and short-term investments at the end of fiscal 2025; with $1.1 billion of debt that is net debt of $1.1 billion.
What is Greystone Housing Impact Investors's book value?
Greystone Housing Impact Investors's shareholders' equity (book value) was $379.6 million at the end of fiscal 2025, or $16.38 per share.
What is Greystone Housing Impact Investors's current ratio?
Greystone Housing Impact Investors had current assets of $62.2 million and current liabilities of $318.3 million, a current ratio of 0.20 (current liabilities exceed current assets).