Huntington Ingalls Industries, Inc. (HII) Balance Sheet

NYSE: HIIAssets, liabilities, debt and equity over 10 years.

HII balance sheet, 2025

December 31, 2025 · U.S. dollars

$12.75B assets = $7.68B liabilities + $5.07B equity

Both columns are drawn to the same scale: what HII owns equals what it owes plus shareholders’ equity. Hover a block for its value.

HII financial health

Current ratio1.13

Adequate · current assets cover current liabilities 1.13×

Debt / equity0.62

Moderate leverage · $0.62 of debt for each $1 of equity

Equity / assets39.8%

Balanced · of assets funded by shareholders

Cash / debt24.6%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles26.2%

Acquisition-heavy · of total assets

Descriptive bands, not a rating. Fiscal 2025.

HII balance sheet trends, 2016–2025

Huntington Ingalls Industries, Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$6.35B2016	$12.75B2025	+8.0%/yr
Total liabilities	$4.70B2016	$7.68B2025	+5.6%/yr
Shareholders’ equity	$1.65B2016	$5.07B2025	+13.3%/yr
Cash & short-term investments	$720.0M2016	$774.0M2025	+0.8%/yr
Total debt	$1.88B2016	$3.15B2025	+5.9%/yr
Net cash (debt)	−$1.16B2016	−$2.37B2025	−$1.2B
Working capital	$799.0M2016	$406.0M2025	−$393.0M
Book value per share	$35.022016	$129.082025	+15.6%/yr
Current ratio	1.592016	1.132025	−0.46
Debt / equity	1.142016	0.622025	−0.52
Shares outstanding	47.2M2016	39.3M2025	−2.0%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

HII assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

HII liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

HII debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

HII balance sheet

Huntington Ingalls Industries, Inc. annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	$774.0M	$831.0M	$430.0M	$467.0M	$627.0M	$512.0M	$75.0M	$240.0M	$701.0M	$720.0M
Cash & equivalents	$774.0M	$831.0M	$430.0M	$467.0M	$627.0M	$512.0M	$75.0M	$240.0M	$701.0M	$720.0M
Short-term investments	—	—	—	—	—	—	—	—	$0	$0
Receivables	$2.38B	$2.10B	$2.18B	$2.05B	$1.95B	$1.62B	$1.46B	$1.25B	$1.19B	$1.16B
Inventory	$219.0M	$208.0M	$186.0M	$183.0M	$161.0M	$137.0M	$136.0M	$128.0M	$183.0M	$210.0M
Other current assets	$77.0M	$90.0M	$83.0M	$50.0M	$50.0M	$178.0M	$119.0M	$122.0M	$123.0M	$48.0M
Total current assets	$3.45B	$3.23B	$2.88B	$2.75B	$2.79B	$2.44B	$1.78B	$1.75B	$2.19B	$2.14B
Property, plant & equipment (net)	$3.73B	$3.69B	$3.56B	$3.48B	$3.35B	$3.17B	$3.03B	$2.52B	$2.21B	$1.99B
Goodwill & intangible assets	$3.34B	$3.40B	$3.51B	$3.64B	$3.79B	$2.13B	$1.86B	$1.75B	$1.73B	$1.78B
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$2.23B	$1.82B	$1.27B	$994.0M	$702.0M	$414.0M	$348.0M	$366.0M	$239.0M	$442.0M
Total assets	$12.75B	$12.14B	$11.21B	$10.86B	$10.63B	$8.16B	$7.03B	$6.38B	$6.37B	$6.35B
Liabilities
Accounts payable	$556.0M	$598.0M	$554.0M	$642.0M	$603.0M	$460.0M	$497.0M	$562.0M	$375.0M	$316.0M
Short-term debt	$0	$503.0M	$231.0M	$399.0M	$750.0M	$651.0M	$620.0M	$604.0M	$634.0M	$605.0M
Deferred revenue	—	$774.0M	$1.06B	$766.0M	$651.0M	$585.0M	$373.0M	$331.0M	$146.0M	$166.0M
Total current liabilities	$3.04B	$2.99B	$3.03B	$2.90B	$2.43B	$2.23B	$1.89B	$1.83B	$1.39B	$1.34B
Long-term debt	$2.70B	$2.70B	$2.21B	$2.51B	$3.30B	$1.69B	$1.29B	$1.28B	$1.28B	$1.28B
Lease obligations	$223.0M	$205.0M	$228.0M	$246.0M	$194.0M	$157.0M	$164.0M	—	—	—
Other long-term liabilities	$1.93B	$1.78B	$1.88B	$1.97B	$2.09B	$2.34B	$2.27B	$1.75B	$1.95B	$2.08B
Total liabilities	$7.68B	$7.47B	$7.12B	$7.37B	$7.82B	$6.26B	$5.44B	$4.87B	$4.62B	$4.70B
Shareholders' equity
Common stock & paid-in capital	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M
Retained earnings (deficit)	$5.49B	$5.10B	$4.75B	$4.28B	$3.89B	$3.53B	$3.01B	$2.61B	$1.69B	$1.32B
Treasury stock	—	—	—	−$2.21B	−$2.16B	−$2.06B	−$1.97B	−$1.76B	−$972.0M	−$684.0M
Accumulated other comprehensive income	−$53.0M	−$28.0M	−$422.0M	−$599.0M	−$923.0M	−$1.55B	−$1.41B	−$1.29B	−$900.0M	−$951.0M
Minority interest	—	—	—	—	—	—	—	—	$0	$0
Total shareholders' equity	$5.07B	$4.67B	$4.09B	$3.49B	$2.81B	$1.90B	$1.59B	$1.52B	$1.76B	$1.65B
Key figures
Total debt	$3.15B	$3.41B	$2.67B	$3.15B	$4.05B	$2.34B	$1.91B	$1.89B	$1.91B	$1.88B
Net cash (debt)	−$2.37B	−$2.58B	−$2.24B	−$2.68B	−$3.42B	−$1.82B	−$1.83B	−$1.65B	−$1.21B	−$1.16B
Working capital	$406.0M	$237.0M	−$152.0M	−$149.0M	$363.0M	$218.0M	−$105.0M	−$84.0M	$804.0M	$799.0M
Tangible book value	$1.73B	$1.27B	$584.0M	−$148.0M	−$979.0M	−$228.0M	−$277.0M	−$239.0M	$33.0M	−$129.0M
Book value per share	$129.08	$118.43	$102.58	$87.01	$69.68	$46.82	$38.36	$34.61	$38.38	$35.02
Shares outstanding	39.3M	39.4M	39.9M	40.1M	40.3M	40.6M	41.4M	43.8M	45.8M	47.2M
Current ratio	1.13	1.08	0.95	0.95	1.15	1.10	0.94	0.95	1.58	1.59
Quick ratio	1.04	0.98	0.86	0.87	1.06	0.96	0.81	0.82	1.36	1.40
Debt / equity	0.62	0.73	0.65	0.90	1.44	1.23	1.20	1.24	1.09	1.14
Equity / assets	39.8%	38.4%	36.5%	32.1%	26.4%	23.3%	22.6%	23.8%	27.6%	26.0%

Huntington Ingalls Industries, Inc. quarterly balance sheet
	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	$12.0M	$216.0M	$774.0M	$312.0M	$343.0M	$167.0M	$831.0M	$10.0M	$11.0M	$10.0M	$430.0M	$109.0M
Cash & equivalents	$12.0M	$216.0M	$774.0M	$312.0M	$343.0M	$167.0M	$831.0M	$10.0M	$11.0M	$10.0M	$430.0M	$109.0M
Receivables	$746.0M	$406.0M	$2.38B	$2.47B	$2.34B	$2.56B	$2.10B	$2.32B	$2.60B	$2.52B	$2.18B	$2.18B
Inventory	$236.0M	$230.0M	$219.0M	$221.0M	$215.0M	$215.0M	$208.0M	$205.0M	$198.0M	$199.0M	$186.0M	$194.0M
Other current assets	$2.25B	$2.37B	$77.0M	$75.0M	$74.0M	$105.0M	$90.0M	$91.0M	$106.0M	$105.0M	$83.0M	$106.0M
Total current assets	$3.24B	$3.22B	$3.45B	$3.08B	$2.97B	$3.04B	$3.23B	$2.63B	$2.91B	$2.83B	$2.88B	$2.59B
Property, plant & equipment (net)	$4.09B	$3.74B	$3.99B	$3.90B	$3.82B	$3.78B	$3.69B	$3.63B	$3.60B	$3.55B	$3.56B	$3.45B
Goodwill & intangible assets	$3.30B	$3.32B	$3.34B	$3.37B	$3.40B	$3.41B	$3.40B	$3.43B	$3.46B	$3.48B	$3.51B	$3.54B
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$2.05B	$2.25B	$1.96B	$1.96B	$1.91B	$1.87B	$1.82B	$1.39B	$1.34B	$1.30B	$1.27B	$1.04B
Total assets	$12.68B	$12.53B	$12.75B	$12.31B	$12.10B	$12.10B	$12.14B	$11.08B	$11.31B	$11.17B	$11.21B	$10.62B
Liabilities
Accounts payable	$737.0M	$692.0M	$556.0M	$680.0M	$650.0M	$602.0M	$598.0M	$579.0M	$652.0M	$608.0M	$554.0M	$535.0M
Short-term debt	—	—	$0	$0	$3.0M	$503.0M	$503.0M	$898.0M	$942.0M	$203.0M	$231.0M	$255.0M
Deferred revenue	$690.0M	$822.0M	—	$893.0M	$969.0M	$647.0M	$774.0M	$743.0M	$886.0M	$936.0M	$1.06B	$878.0M
Total current liabilities	$2.63B	$2.70B	$3.04B	$2.70B	$2.75B	$2.86B	$2.99B	$3.34B	$3.56B	$2.95B	$3.03B	$2.82B
Long-term debt	$2.70B	$2.70B	$2.70B	$2.70B	$2.70B	$2.70B	$2.70B	$1.71B	$1.72B	$2.23B	$2.21B	$2.21B
Lease obligations	$233.0M	$230.0M	$223.0M	$228.0M	$206.0M	$204.0M	$205.0M	$213.0M	$224.0M	$217.0M	$228.0M	$212.0M
Other long-term liabilities	$1.88B	$1.98B	$1.93B	$1.93B	$1.77B	$1.77B	$1.78B	$1.83B	$1.85B	$1.86B	$1.88B	$1.86B
Total liabilities	$7.37B	$7.39B	$7.68B	$7.33B	$7.22B	$7.33B	$7.47B	$6.88B	$7.13B	$7.04B	$7.12B	$6.89B
Shareholders' equity
Common stock & paid-in capital	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M
Retained earnings (deficit)	$5.73B	$5.58B	$5.49B	$5.38B	$5.29B	$5.19B	$5.10B	$5.03B	$4.98B	$4.86B	$4.75B	$4.53B
Accumulated other comprehensive income	−$50.0M	−$52.0M	−$53.0M	−$26.0M	−$26.0M	−$27.0M	−$28.0M	−$412.0M	−$415.0M	−$419.0M	−$422.0M	−$590.0M
Total shareholders' equity	$5.31B	$5.15B	$5.07B	$4.98B	$4.88B	$4.77B	$4.67B	$4.20B	$4.18B	$4.13B	$4.09B	$3.73B
Key figures
Total debt	$2.94B	$2.93B	$3.15B	$2.93B	$2.91B	$3.41B	$3.41B	$2.82B	$2.88B	$2.65B	$2.67B	$2.68B
Net cash (debt)	−$2.92B	−$2.71B	−$2.37B	−$2.61B	−$2.57B	−$3.24B	−$2.58B	−$2.81B	−$2.87B	−$2.65B	−$2.24B	−$2.57B
Working capital	$606.0M	$515.0M	$406.0M	$376.0M	$223.0M	$186.0M	$237.0M	−$707.0M	−$651.0M	−$115.0M	−$152.0M	−$230.0M
Tangible book value	$2.01B	$1.82B	$1.73B	$1.61B	$1.49B	$1.36B	$1.27B	$776.0M	$723.0M	$644.0M	$584.0M	$192.0M
Book value per share	$134.48	$130.97	$128.76	$126.50	$123.91	$121.45	$119.34	$106.41	$105.77	$104.46	$103.10	$93.33
Shares outstanding	39.5M	39.3M	39.4M	39.4M	39.4M	39.3M	39.1M	39.5M	39.5M	39.5M	39.7M	40.0M
Current ratio	1.23	1.19	1.13	1.14	1.08	1.07	1.08	0.79	0.82	0.96	0.95	0.92
Quick ratio	0.29	0.23	1.04	1.03	0.98	0.95	0.98	0.70	0.73	0.86	0.86	0.81
Debt / equity	0.55	0.57	0.62	0.59	0.60	0.71	0.73	0.67	0.69	0.64	0.65	0.72
Equity / assets	41.9%	41.1%	39.8%	40.5%	40.4%	39.4%	38.4%	37.9%	36.9%	36.9%	36.5%	35.1%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 5, 2026); data from EODHD.

HII financial position

At the end of fiscal 2025 (December 31, 2025), Huntington Ingalls had total assets of $12.7 billion (up 5.0% from a year earlier), total liabilities of $7.7 billion and shareholders' equity of $5.1 billion. It held $774.0 million in cash and short-term investments against $3.1 billion of debt, net debt of $2.4 billion. Its current ratio was 1.13. In the latest quarter (ended June 30, 2026) total assets were $12.7 billion and equity $5.3 billion.

Related: HII income statement, HII cash flow statement, HII key metrics. See the HII stock overview for the latest quote and news.

HII balance sheet FAQ

What are Huntington Ingalls's total assets?

Huntington Ingalls reported total assets of $12.7 billion at the end of fiscal 2025 (December 31, 2025), compared with $12.1 billion a year earlier.

How much debt does Huntington Ingalls have?

Huntington Ingalls had $3.1 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.62.

How much cash does Huntington Ingalls have?

Huntington Ingalls held $774.0 million in cash and short-term investments at the end of fiscal 2025; with $3.1 billion of debt that is net debt of $2.4 billion.

What is Huntington Ingalls's book value?

Huntington Ingalls's shareholders' equity (book value) was $5.1 billion at the end of fiscal 2025, or $129.08 per share.

What is Huntington Ingalls's current ratio?

Huntington Ingalls had current assets of $3.5 billion and current liabilities of $3.0 billion, a current ratio of 1.13 (it can cover its short-term obligations).

How much goodwill does Huntington Ingalls have?

Huntington Ingalls carried $3.3 billion of goodwill and intangible assets, 26.2% of total assets, at the end of fiscal 2025.