Huhtamaki Oyj (HMKIY) Balance Sheet

NYSE: HMKIYAssets, liabilities, debt and equity over 5 years.

HMKIY balance sheet, 2025

December 31, 2025 · euros

€4.57B assets = €2.64B liabilities + €1.93B equity

What it owns€4.57BCash & ST investments: €378.6M (8.3%)€378.6MReceivables: €456.8M (10.0%)Receivables €456.8MInventory: €599.9M (13.1%)Inventory€599.9M · 13%Other current: €209.8M (4.6%)PP&E: €1.76B (38.5%)PP&E€1.76B · 38%Goodwill & intangibles: €1.03B (22.6%)Goodwill & intangibles€1.03B · 23%Other non-current: €132.0M (2.9%)=How it is financed€4.57BCurrent liabilities: €1.03B (22.6%)Current liabilities€1.03B · 23%Long-term debt: €1.15B (25.1%)Long-term debt€1.15B · 25%Other LT liabilities: €457.0M (10.0%)€457.0MShareholders’ equity: €1.93B (42.3%)Shareholders’ equity€1.93B · 42%

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

HMKIY financial health

Current ratio1.59
Comfortable · current assets cover current liabilities 1.59×
Debt / equity0.59
Moderate leverage · €0.59 of debt for each $1 of equity
Equity / assets42.3%
Equity-funded · of assets funded by shareholders
Cash / debt33.0%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles22.6%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

HMKIY balance sheet trends, 2021–2025

MetricTrendThenLatestChange
Total assets€4.54B2021€4.57B2025+0.1%/yr
Total liabilities€2.94B2021€2.64B2025−2.7%/yr
Shareholders’ equity€1.60B2021€1.93B2025+4.8%/yr
Cash & short-term investments€178.6M2021€378.6M2025+20.7%/yr
Total debt€1.13B2021€1.15B2025+0.4%/yr
Net cash (debt)−€950.3M2021−€768.4M2025+€181.9M
Working capital€290.9M2021€613.4M2025+€322.5M
Current ratio1.2220211.592025+0.37
Debt / equity0.7120210.592025−0.11
Shares outstanding104.4M2021105.0M2025+0.1%/yr

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

HMKIY assets

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

HMKIY liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

HMKIY debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

HMKIY balance sheet in euros

20252024202320222021
Assets
Cash & short-term investments€378.6M€317.1M€348.2M€309.4M€178.6M
Cash & equivalents€378.6M€317.1M€348.2M€309.4M€178.6M
Receivables€456.8M€540.5M€511.0M€563.2M€568.5M
Inventory€599.9M€666.6M€620.8M€755.4M€665.7M
Other current assets€209.8M€194.3M€170.5M€185.6M€200.3M
Total current assets€1.65B€1.72B€1.65B€1.81B€1.61B
Property, plant & equipment (net)€1.76B€1.91B€1.79B€1.74B€1.67B
Goodwill & intangible assets€1.03B€1.12B€1.10B€1.15B€1.12B
Long-term investments€0€0€0€0€0
Other non-current assets€132.0M€143.4M€121.1M€119.0M€132.8M
Total assets€4.57B€4.89B€4.66B€4.82B€4.54B
Liabilities
Accounts payable€679.3M€507.0M€414.9M€491.0M€550.0M
Total current liabilities€1.03B€1.13B€1.03B€1.21B€1.32B
Long-term debt€1.15B€1.19B€1.27B€1.27B€1.13B
Lease obligations€172.9M€138.9M€136.5M€133.2M€146.8M
Other long-term liabilities€457.0M€448.9M€440.8M€420.7M€493.9M
Total liabilities€2.64B€2.77B€2.74B€2.90B€2.94B
Shareholders' equity
Retained earnings (deficit)€1.67B€1.65B€1.54B€1.43B€1.25B
Minority interest€82.2M€86.8M€86.6M€80.0M—
Total shareholders' equity€1.93B€2.12B€1.92B€1.92B€1.60B
Key figures
Total debt€1.15B€1.19B€1.27B€1.27B€1.13B
Net cash (debt)−€768.4M−€873.1M−€918.3M−€961.3M−€950.3M
Working capital€613.4M€588.2M€617.8M€605.9M€290.9M
Tangible book value€897.9M€1.01B€826.4M€769.5M€474.8M
Shares outstanding105.0M104.8M104.5M104.4M104.4M
Current ratio1.591.521.601.501.22
Quick ratio0.810.760.830.720.57
Debt / equity0.590.560.660.660.71
Equity / assets42.3%43.4%41.3%39.9%35.2%

Quarterly columns are labeled by the month the quarter ended. Figures in euros as reported (latest annual report filed —); data from EODHD.

HMKIY financial position

At the end of fiscal 2025 (December 31, 2025), Huhtamaki Oyj had total assets of €4.6 billion (down 6.7% from a year earlier), total liabilities of €2.6 billion and shareholders' equity of €1.9 billion. It held €378.6 million in cash and short-term investments against €1.1 billion of debt, net debt of €768.4 million. Its current ratio was 1.59. In the latest quarter (ended June 30, 2026) total assets were €4.8 billion and equity €1.9 billion.

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

HMKIY balance sheet FAQ

What are Huhtamaki Oyj's total assets?

Huhtamaki Oyj reported total assets of €4.6 billion at the end of fiscal 2025 (December 31, 2025), compared with €4.9 billion a year earlier.

How much debt does Huhtamaki Oyj have?

Huhtamaki Oyj had €1.1 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.59.

How much cash does Huhtamaki Oyj have?

Huhtamaki Oyj held €378.6 million in cash and short-term investments at the end of fiscal 2025; with €1.1 billion of debt that is net debt of €768.4 million.

What is Huhtamaki Oyj's book value?

Huhtamaki Oyj's shareholders' equity (book value) was €1.9 billion at the end of fiscal 2025.

What is Huhtamaki Oyj's current ratio?

Huhtamaki Oyj had current assets of €1.6 billion and current liabilities of €1.0 billion, a current ratio of 1.59 (it can cover its short-term obligations).

How much goodwill does Huhtamaki Oyj have?

Huhtamaki Oyj carried €1.0 billion of goodwill and intangible assets, 22.6% of total assets, at the end of fiscal 2025.

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