The Gabelli Healthcare & Wellness Trust (GRX) Balance Sheet
GRX balance sheet, 2025
December 31, 2025 · U.S. dollars$241.9M assets = $83.4M liabilities + $158.5M equity
Both columns are drawn to the same scale: what GRX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GRX financial health
Descriptive bands, not a rating. Fiscal 2025.
GRX balance sheet trends, 2008–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $53.5M2008 | $241.9M2025 | +18.3%/yr | |
| Total liabilities | $829,9102008 | $83.4M2025 | +66.9%/yr | |
| Shareholders’ equity | $52.6M2008 | $158.5M2025 | +13.0%/yr | |
| Cash & short-term investments | $7222008 | $17,9772025 | +42.9%/yr | |
| Total debt | $28,0402017 | $70.7M2025 | +166.2%/yr | |
| Net cash (debt) | −$28,0402017 | −$70.7M2025 | −$70.7M | |
| Working capital | $4.2M2017 | −$12.1M2025 | −$16.4M | |
| Book value per share | $17.262017 | $10.362025 | −6.2%/yr | |
| Current ratio | 8.172017 | 0.032025 | −8.14 | |
| Debt / equity | 0.002017 | 0.452025 | +0.45 | |
| Shares outstanding | 17.4M2017 | 15.3M2025 | −1.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GRX assets
GRX liabilities and equity
GRX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GRX balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $17,977 | — | $2,368 | $50,486 | — | $11,786 | — | $6,265 | — | $722 |
| Cash & equivalents | $17,977 | — | $2,368 | $50,486 | — | $11,786 | — | $6,265 | — | $722 |
| Receivables | $393,371 | $423,685 | $772,250 | $6.6M | $476,000 | $5.1M | $378,946 | $396,968 | $4.8M | $1.3M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $7,077 | $6,470 | $0 | $0 | $0 | $0 | $0 | $0 | — |
| Total current assets | $411,348 | $430,762 | $781,088 | $6.7M | $476,000 | $5.1M | $378,946 | $403,233 | $4.8M | — |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $241.1M | $225.0M | $238.1M | $241.9M | $350.2M | $281.3M | $306.5M | $271.8M | $295.8M | $52.2M |
| Other non-current assets | $331,159 | $324,279 | $155,475 | $159,206 | $145,046 | $67,267 | $111,829 | $112,102 | $111,455 | $1.3M |
| Total assets | $241.9M | $225.7M | $239.0M | $248.7M | $350.8M | $286.5M | $307.0M | $272.3M | $300.8M | $53.5M |
| Liabilities | ||||||||||
| Accounts payable | $12.0M | $183,028 | $31,842 | $3.5M | $6.2M | $3.6M | $570,853 | $212,007 | $592,617 | $829,910 |
| Short-term debt | — | $10,103 | $384 | — | $68,502 | $0 | $88,980 | $120 | $28,040 | — |
| Deferred revenue | — | — | −$31,458 | — | $6.2M | — | — | $211,890 | — | — |
| Total current liabilities | $12.5M | $183,028 | $384 | $3.5M | $6.2M | $3.6M | $570,853 | $212,007 | $592,617 | — |
| Long-term debt | $0 | $0 | $0 | $0 | $80.0M | $40.0M | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $83.4M | $54.7M | $54.2M | $40.5M | $0 | $4.3M | $1.3M | $117 | $1.1M | — |
| Total liabilities | $83.4M | $54.9M | $54.2M | $44.0M | $86.9M | $44.3M | $570,853 | $688,261 | $1.1M | $829,910 |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $105.5M | $110.0M | $114.3M | $125.1M | $126.8M | $131.3M | $139.1M | $144.0M | $155.8M | — |
| Retained earnings (deficit) | $53.0M | $60.8M | $70.5M | $79.5M | $137.1M | $110.9M | $99.6M | $60.6M | −$85,865 | −$14.6M |
| Accumulated other comprehensive income | — | — | — | — | — | — | −$99.6M | −$67.0M | −$67.0M | — |
| Total shareholders' equity | $158.5M | $170.9M | $184.8M | $204.7M | $264.0M | $242.2M | $305.8M | $271.6M | $299.7M | $52.6M |
| Key figures | ||||||||||
| Total debt | $70.7M | $10,103 | $53.3M | $40.0M | $80.1M | $40.0M | $88,980 | $120 | $28,040 | — |
| Net cash (debt) | −$70.7M | −$10,103 | −$53.3M | −$39.9M | −$80.1M | −$40.0M | −$88,980 | $6,145 | −$28,040 | — |
| Working capital | −$12.1M | $247,734 | $780,704 | $3.1M | −$5.8M | $1.5M | −$191,907 | $191,226 | $4.2M | — |
| Tangible book value | $158.5M | $170.9M | $184.8M | $204.7M | $264.0M | $242.2M | $305.8M | $271.6M | $299.7M | $52.6M |
| Book value per share | $10.36 | $11.01 | $11.58 | $12.01 | $15.32 | $13.81 | $16.64 | $14.54 | $17.26 | — |
| Shares outstanding | 15.3M | 15.5M | 16.0M | 17.0M | 17.2M | 17.5M | 18.4M | 18.7M | 17.4M | — |
| Current ratio | 0.03 | 2.35 | 2,034.08 | 1.89 | 0.08 | 1.40 | 0.66 | 1.90 | 8.17 | — |
| Quick ratio | 0.03 | 2.31 | 2,017.23 | 1.89 | 0.08 | 1.40 | 0.66 | 1.90 | 8.17 | — |
| Debt / equity | 0.45 | 0.00 | 0.29 | 0.20 | 0.30 | 0.17 | 0.00 | 0.00 | 0.00 | — |
| Equity / assets | 65.5% | 75.7% | 77.3% | 82.3% | 75.2% | 84.5% | 99.6% | 99.7% | 99.6% | 98.4% |
| Jun '26 | Dec '25 | Jun '25 | Dec '24 | Jun '24 | Dec '23 | Jun '23 | Dec '22 | Jun '22 | Dec '21 | Jun '21 | Dec '20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $2,121 | $17,977 | $194,432 | — | $5,788 | $2,368 | $40,079 | $50,486 | $10,388 | — | $2,715 | $11,786 |
| Cash & equivalents | $2,121 | $17,977 | $194,432 | — | $5,788 | $2,368 | $40,079 | $50,486 | $10,388 | — | $2,715 | $11,786 |
| Receivables | $340,939 | $393,371 | $2.1M | $423,685 | $1.4M | $772,250 | $1.3M | $6.6M | $507,556 | $476,000 | $1.4M | $5.1M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $524,345 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $2,075 | $7,077 | $7,253 | $6,470 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $343,060 | $411,348 | $2.3M | $430,762 | $1.4M | $781,088 | $1.4M | $6.7M | $517,944 | $476,000 | $1.4M | $5.1M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $228.3M | $241.1M | $194.8M | $225.0M | $229.4M | $238.1M | $263.8M | $241.9M | $290.9M | $350.2M | $301.0M | $281.3M |
| Other non-current assets | $328,192 | $331,159 | $324,279 | $324,279 | $178,303 | $155,475 | $162,099 | $159,206 | $158,663 | $145,046 | $144,513 | $67,267 |
| Total assets | $229.0M | $241.9M | $197.4M | $225.7M | $231.0M | $239.0M | $265.3M | $248.7M | $291.6M | $350.8M | $302.5M | $286.5M |
| Liabilities | ||||||||||||
| Accounts payable | $5.6M | $12.0M | $19,231 | $183,028 | $41,225 | $31,842 | $39,523 | $3.5M | $44,444 | $6.2M | $268,179 | $3.6M |
| Short-term debt | — | — | — | $10,103 | $67,452 | $384 | — | — | $0 | $68,500 | $92,210 | $0 |
| Deferred revenue | — | — | — | — | — | −$31,458 | — | — | — | $6.2M | $163,806 | — |
| Total current liabilities | $6.0M | $12.5M | $19,231 | $183,028 | $41,225 | $384 | $39,523 | $3.5M | $44,444 | $6.2M | $268,179 | $3.6M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $80.0M | $80.0M | $40.0M | $40.0M |
| Other long-term liabilities | $75.9M | $83.4M | $33.8M | $54.7M | $55.5M | $54.2M | $64.7M | $3.5M | $0 | $0 | $0 | $4.3M |
| Total liabilities | $75.9M | $83.4M | $33.8M | $54.9M | $55.5M | $54.2M | $64.7M | $44.0M | $80.5M | $86.9M | $40.8M | $44.3M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $100.1M | $105.5M | $106.9M | $110.0M | $109.1M | $114.3M | $116.2M | $125.1M | $123.4M | $126.8M | $127.4M | $131.3M |
| Retained earnings (deficit) | $53.0M | $53.0M | $56.7M | $60.8M | $66.3M | $70.5M | $84.3M | $79.5M | $87.7M | $137.1M | $134.2M | $110.9M |
| Total shareholders' equity | $153.1M | $158.5M | $163.6M | $170.9M | $175.5M | $184.8M | $200.6M | $204.7M | $211.1M | $264.0M | $261.7M | $242.2M |
| Key figures | ||||||||||||
| Total debt | $69.8M | $70.7M | $33.3M | $10,103 | $54.8M | $53.3M | $64.0M | $40.0M | $80.0M | $80.1M | $40.1M | $40.0M |
| Net cash (debt) | −$69.8M | −$70.7M | −$33.1M | −$10,103 | −$54.7M | −$53.3M | −$63.9M | −$39.9M | −$80.0M | −$80.1M | −$40.1M | −$40.0M |
| Working capital | −$5.7M | −$12.1M | $2.3M | $247,734 | $1.4M | $780,704 | $1.3M | $3.1M | $473,500 | −$5.8M | $1.1M | $1.5M |
| Tangible book value | $153.1M | $158.5M | $163.6M | $170.9M | $175.5M | $184.8M | $200.6M | $204.7M | $211.1M | $264.0M | $261.7M | $242.2M |
| Book value per share | $10.53 | $10.32 | $10.59 | $11.01 | $11.10 | $11.58 | $12.03 | $12.01 | $12.29 | $15.36 | $15.19 | $13.58 |
| Shares outstanding | 14.5M | 15.4M | 15.4M | 15.5M | 15.8M | 16.0M | 16.7M | 17.0M | 17.2M | 17.2M | 17.2M | 17.8M |
| Current ratio | 0.06 | 0.03 | 119.49 | 2.35 | 34.19 | 2,034.08 | 34.61 | 1.89 | 11.65 | 0.08 | 5.10 | 1.40 |
| Quick ratio | 0.06 | 0.03 | 119.38 | 2.31 | 34.02 | 2,017.23 | 34.61 | 1.89 | 11.65 | 0.08 | 5.11 | 1.40 |
| Debt / equity | 0.46 | 0.45 | 0.20 | 0.00 | 0.31 | 0.29 | 0.32 | 0.20 | 0.38 | 0.30 | 0.15 | 0.17 |
| Equity / assets | 66.9% | 65.5% | 82.9% | 75.7% | 76.0% | 77.3% | 75.6% | 82.3% | 72.4% | 75.2% | 86.5% | 84.5% |
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.
GRX financial position
At the end of fiscal 2025 (December 31, 2025), Gabelli Healthcare & Wellness had total assets of $241.9 million (up 7.2% from a year earlier), total liabilities of $83.4 million and shareholders' equity of $158.5 million. It held $0.0 million in cash and short-term investments against $70.7 million of debt, net debt of $70.7 million. Its current ratio was 0.03. In the latest quarter (ended June 30, 2026) total assets were $229.0 million and equity $153.1 million.
Related: GRX income statement, GRX cash flow statement, GRX key metrics. See the GRX stock overview for the latest quote and news.
GRX balance sheet FAQ
What are Gabelli Healthcare & Wellness's total assets?
Gabelli Healthcare & Wellness reported total assets of $241.9 million at the end of fiscal 2025 (December 31, 2025), compared with $225.7 million a year earlier.
How much debt does Gabelli Healthcare & Wellness have?
Gabelli Healthcare & Wellness had $70.7 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.45.
How much cash does Gabelli Healthcare & Wellness have?
Gabelli Healthcare & Wellness held $0.0 million in cash and short-term investments at the end of fiscal 2025; with $70.7 million of debt that is net debt of $70.7 million.
What is Gabelli Healthcare & Wellness's book value?
Gabelli Healthcare & Wellness's shareholders' equity (book value) was $158.5 million at the end of fiscal 2025, or $10.36 per share.
What is Gabelli Healthcare & Wellness's current ratio?
Gabelli Healthcare & Wellness had current assets of $0.4 million and current liabilities of $12.5 million, a current ratio of 0.03 (current liabilities exceed current assets).