Huron Consulting Group Inc. (HURN) Balance Sheet
HURN balance sheet, 2025
December 31, 2025 · U.S. dollars$1.53B assets = $998.1M liabilities + $528.6M equity
Both columns are drawn to the same scale: what HURN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
HURN financial health
Descriptive bands, not a rating. Fiscal 2025.
HURN balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.15B2016 | $1.53B2025 | +3.2%/yr | |
| Total liabilities | $505.2M2016 | $998.1M2025 | +7.9%/yr | |
| Shareholders’ equity | $648.0M2016 | $528.6M2025 | −2.2%/yr | |
| Cash & short-term investments | $17.0M2016 | $24.5M2025 | +4.1%/yr | |
| Total debt | $292.1M2016 | $548.3M2025 | +7.2%/yr | |
| Net cash (debt) | −$275.1M2016 | −$523.8M2025 | −$248.7M | |
| Working capital | $44.3M2016 | $65.2M2025 | +$20.8M | |
| Book value per share | $30.252016 | $29.382025 | −0.3%/yr | |
| Current ratio | 1.332016 | 1.172025 | −0.16 | |
| Debt / equity | 0.452016 | 1.042025 | +0.59 | |
| Shares outstanding | 21.4M2016 | 18.0M2025 | −1.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
HURN assets
HURN liabilities and equity
HURN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
HURN balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $24.5M | $21.9M | $12.1M | $11.8M | $20.8M | $67.2M | $11.6M | $33.1M | $16.9M | $17.0M |
| Cash & equivalents | $24.5M | $21.9M | $12.1M | $11.8M | $20.8M | $67.2M | $11.6M | $33.1M | $16.9M | $17.0M |
| Short-term investments | — | — | $6.7M | $7.1M | — | $71.0M | — | $302,000 | $0 | $0 |
| Receivables | $390.4M | $359.1M | $359.8M | $290.6M | $221.7M | $146.8M | $198.9M | $185.9M | $163.4M | $149.7M |
| Inventory | $0 | $0 | −$6.7M | −$7.1M | $0 | $0 | $1 | −$302,000 | $0 | $0 |
| Other current assets | $33.7M | $28.1M | $35.1M | $33.2M | $15.2M | $16.6M | $14.2M | $14.2M | $11.0M | $13.3M |
| Total current assets | $448.6M | $409.1M | $400.5M | $328.5M | $257.7M | $230.5M | $224.7M | $232.9M | $191.3M | $180.1M |
| Property, plant & equipment (net) | $43.5M | $40.9M | $47.9M | $56.4M | $66.3M | $68.5M | $93.4M | $40.4M | $45.5M | $32.4M |
| Goodwill & intangible assets | $859.8M | $765.9M | $689.3M | $674.6M | $670.8M | $632.6M | $678.3M | $693.1M | $718.1M | $881.2M |
| Long-term investments | $36.4M | $69.7M | $75.4M | $91.2M | $72.6M | $71.0M | $54.5M | $50.4M | $39.9M | $34.7M |
| Other non-current assets | $138.3M | $58.0M | $49.1M | $48.4M | $52.0M | $48.4M | $53.3M | $32.7M | $42.1M | $24.8M |
| Total assets | $1.53B | $1.34B | $1.26B | $1.20B | $1.12B | $1.05B | $1.10B | $1.05B | $1.04B | $1.15B |
| Liabilities | ||||||||||
| Accounts payable | $12.4M | $11.5M | $10.1M | $14.3M | $13.6M | $648,000 | $7.9M | $10.0M | $9.2M | $7.3M |
| Short-term debt | $34.3M | $26.1M | $11.0M | $10.5M | $10.7M | $9.3M | $8.0M | $243.1M | $549,000 | $54,000 |
| Deferred revenue | $31.7M | $26.9M | $22.5M | $21.9M | $19.2M | $28.2M | $28.4M | $28.1M | $27.9M | $24.1M |
| Total current liabilities | $383.4M | $338.8M | $302.6M | $245.7M | $205.2M | $186.9M | $204.5M | $418.3M | $139.5M | $135.8M |
| Long-term debt | $489.7M | $342.9M | $324.0M | $290.0M | $232.2M | $202.8M | $208.3M | $53.9M | $342.5M | $292.1M |
| Lease obligations | $38.7M | $42.0M | $49.9M | $56.1M | $64.5M | $70.6M | $76.7M | — | — | — |
| Other long-term liabilities | $125.0M | $100.6M | $102.7M | $111.3M | $110.0M | $109.4M | $145.2M | $36.8M | $51.6M | $77.3M |
| Total liabilities | $998.1M | $782.3M | $729.2M | $647.0M | $547.4M | $499.0M | $558.1M | $508.9M | $533.6M | $505.2M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $205,000 | $208,000 | $212,000 | $223,000 | $239,000 | $246,000 | $247,000 | $244,000 | $241,000 | $235,000 |
| Retained earnings (deficit) | $636.7M | $531.7M | $415.0M | $352.5M | $277.0M | $214.0M | $237.8M | $196.1M | $180.4M | $351.5M |
| Treasury stock | — | — | — | — | −$136.0M | −$129.9M | −$128.3M | −$124.8M | −$122.0M | −$113.2M |
| Accumulated other comprehensive income | −$6.2M | $11.9M | $22.8M | $18.1M | $16.8M | $13.1M | $14.9M | $16.5M | $10.4M | $3.6M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $528.6M | $561.3M | $532.9M | $552.0M | $571.9M | $551.9M | $546.2M | $540.6M | $503.3M | $648.0M |
| Key figures | ||||||||||
| Total debt | $548.3M | $398.6M | $373.9M | $346.1M | $297.2M | $273.9M | $324.8M | $297.0M | $343.1M | $292.1M |
| Net cash (debt) | −$523.8M | −$376.7M | −$361.7M | −$334.3M | −$276.5M | −$206.7M | −$313.2M | −$263.9M | −$326.1M | −$275.1M |
| Working capital | $65.2M | $70.3M | $97.9M | $82.8M | $52.5M | $43.6M | $20.2M | −$185.4M | $51.8M | $44.3M |
| Tangible book value | −$331.2M | −$204.6M | −$156.4M | −$122.5M | −$98.9M | −$80.7M | −$132.1M | −$152.5M | −$214.7M | −$233.2M |
| Book value per share | $29.38 | $30.16 | $27.19 | $26.61 | $26.22 | $25.22 | $24.27 | $24.51 | $23.48 | $30.25 |
| Shares outstanding | 18.0M | 18.6M | 19.6M | 20.7M | 21.8M | 21.9M | 22.5M | 22.1M | 21.4M | 21.4M |
| Current ratio | 1.17 | 1.21 | 1.32 | 1.34 | 1.26 | 1.23 | 1.10 | 0.56 | 1.37 | 1.33 |
| Quick ratio | 1.08 | 1.12 | 1.23 | 1.23 | 1.18 | 1.14 | 1.03 | 0.52 | 1.29 | 1.23 |
| Debt / equity | 1.04 | 0.71 | 0.70 | 0.63 | 0.52 | 0.50 | 0.59 | 0.55 | 0.68 | 0.45 |
| Equity / assets | 34.6% | 41.8% | 42.2% | 46.0% | 51.1% | 52.5% | 49.5% | 51.5% | 48.5% | 56.2% |
| 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 | $31.2M | $26.5M | $24.5M | $23.9M | $61.0M | $23.4M | $21.9M | $18.5M | $17.6M | $18.6M | $12.1M | $9.4M |
| Cash & equivalents | $31.2M | $26.5M | $24.5M | $23.9M | $61.0M | $23.4M | $21.9M | $18.5M | $17.6M | $18.6M | $12.1M | $9.4M |
| Short-term investments | — | — | — | — | — | — | — | — | $6.0M | $7.5M | $6.7M | $8.2M |
| Receivables | $457.4M | $453.0M | $390.4M | $414.9M | $399.5M | $388.4M | $359.1M | $391.5M | $377.5M | $397.6M | $359.8M | $363.7M |
| Inventory | $24.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$6.0M | −$7.5M | −$6.7M | $8.2M |
| Other current assets | $16.6M | $35.2M | $33.7M | $36.2M | $29.9M | $28.2M | $28.1M | $27.8M | $46.4M | $42.2M | $35.1M | $24.2M |
| Total current assets | $529.8M | $514.7M | $448.6M | $475.0M | $490.4M | $440.0M | $409.1M | $437.8M | $435.5M | $451.0M | $400.5M | $405.5M |
| Property, plant & equipment (net) | $48.6M | $43.7M | $43.5M | $43.0M | $36.7M | $38.9M | $40.9M | $42.7M | $45.8M | $47.5M | $47.9M | $46.4M |
| Goodwill & intangible assets | $886.1M | $855.9M | $859.8M | $853.7M | $791.1M | $712.3M | $765.9M | $670.1M | $671.6M | $672.7M | $689.3M | $645.8M |
| Long-term investments | $0 | $36.4M | $36.4M | $35.1M | $35.1M | $51.3M | $69.7M | $64.3M | $64.9M | $73.5M | $75.4M | $95.4M |
| Other non-current assets | $180.3M | $138.3M | $138.3M | $137.3M | $127.5M | $121.2M | $58.0M | $113.9M | $108.1M | $102.3M | $49.1M | $89.2M |
| Total assets | $1.64B | $1.59B | $1.53B | $1.54B | $1.48B | $1.36B | $1.34B | $1.33B | $1.33B | $1.35B | $1.26B | $1.28B |
| Liabilities | ||||||||||||
| Accounts payable | $16.8M | $12.0M | $12.4M | $11.8M | $11.2M | $19.8M | $11.5M | $8.2M | $9.7M | $14.0M | $10.1M | $12.0M |
| Short-term debt | $29.8M | $31.2M | $34.3M | $34.1M | $26.0M | $26.3M | $26.1M | $25.7M | $25.3M | $25.1M | $11.0M | $11.1M |
| Deferred revenue | $30.9M | $31.6M | $31.7M | $30.9M | $29.3M | $28.0M | $26.9M | $27.7M | $28.6M | $24.7M | $22.5M | $26.2M |
| Total current liabilities | $309.9M | $232.2M | $383.4M | $330.1M | $246.9M | $211.5M | $338.8M | $271.3M | $225.8M | $188.1M | $302.6M | $264.8M |
| Long-term debt | $0 | $834.7M | $489.7M | $589.6M | $643.2M | $561.5M | $342.9M | $428.2M | $496.6M | $558.9M | $324.0M | $358.0M |
| Lease obligations | — | $32.7M | $38.7M | $41.3M | $37.0M | $39.7M | $42.0M | $45.4M | $47.2M | $48.1M | $49.9M | $50.3M |
| Other long-term liabilities | $950.1M | $124.8M | $125.0M | $124.8M | $115.8M | $96.3M | $100.6M | $106.5M | $103.0M | $104.4M | $102.7M | $106.2M |
| Total liabilities | $1.26B | $1.19B | $998.1M | $1.04B | $1.01B | $869.3M | $782.3M | $806.0M | $825.3M | $851.3M | $729.2M | $728.9M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $194,000 | $198,000 | $205,000 | $205,000 | $205,000 | $208,000 | $208,000 | $207,000 | $208,000 | $212,000 | $212,000 | $215,000 |
| Retained earnings (deficit) | $599.4M | $608.3M | $636.7M | $606.0M | $575.6M | $556.2M | $531.7M | $497.7M | $470.5M | $433.0M | $415.0M | $412.2M |
| Accumulated other comprehensive income | −$8.3M | −$7.1M | −$6.2M | −$7.5M | −$4.9M | −$329,000 | $11.9M | $9.7M | $14.0M | $21.7M | $22.8M | $20.7M |
| Total shareholders' equity | $384.8M | $397.4M | $528.6M | $499.8M | $475.0M | $494.3M | $561.3M | $522.8M | $500.6M | $495.6M | $532.9M | $553.4M |
| Key figures | ||||||||||||
| Total debt | $864.5M | $887.4M | $548.3M | $650.9M | $693.9M | $615.0M | $398.6M | $487.4M | $557.5M | $620.8M | $373.9M | $408.3M |
| Net cash (debt) | −$833.3M | −$861.0M | −$523.8M | −$627.0M | −$632.9M | −$591.6M | −$376.7M | −$468.9M | −$539.9M | −$602.1M | −$361.7M | −$398.9M |
| Working capital | $219.9M | $282.6M | $65.2M | $145.0M | $243.6M | $228.5M | $70.3M | $166.5M | $209.8M | $262.9M | $97.9M | $140.7M |
| Tangible book value | −$501.4M | −$458.5M | −$331.2M | −$353.9M | −$316.1M | −$218.0M | −$204.6M | −$147.3M | −$171.0M | −$177.1M | −$156.4M | −$92.4M |
| Book value per share | $23.48 | $22.83 | $29.60 | $28.09 | $26.73 | $26.75 | $30.16 | $28.30 | $27.13 | $26.16 | $27.48 | $28.41 |
| Shares outstanding | 16.4M | 17.4M | 17.9M | 17.8M | 17.8M | 18.5M | 18.6M | 18.5M | 18.5M | 18.9M | 19.4M | 19.5M |
| Current ratio | 1.71 | 2.22 | 1.17 | 1.44 | 1.99 | 2.08 | 1.21 | 1.61 | 1.93 | 2.40 | 1.32 | 1.53 |
| Quick ratio | 1.58 | 2.07 | 1.08 | 1.33 | 1.87 | 1.95 | 1.12 | 1.51 | 1.75 | 2.21 | 1.23 | 1.41 |
| Debt / equity | 2.25 | 2.23 | 1.04 | 1.30 | 1.46 | 1.24 | 0.71 | 0.93 | 1.11 | 1.25 | 0.70 | 0.74 |
| Equity / assets | 23.4% | 25.0% | 34.6% | 32.4% | 32.1% | 36.2% | 41.8% | 39.3% | 37.8% | 36.8% | 42.2% | 43.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 24, 2026); data from EODHD.
HURN financial position
At the end of fiscal 2025 (December 31, 2025), Huron Consulting had total assets of $1.5 billion (up 13.6% from a year earlier), total liabilities of $998.1 million and shareholders' equity of $528.6 million. It held $24.5 million in cash and short-term investments against $548.3 million of debt, net debt of $523.8 million. Its current ratio was 1.17. In the latest quarter (ended June 30, 2026) total assets were $1.6 billion and equity $384.8 million.
Related: HURN income statement, HURN cash flow statement, HURN key metrics. See the HURN stock overview for the latest quote and news.
HURN balance sheet FAQ
What are Huron Consulting's total assets?
Huron Consulting reported total assets of $1.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.3 billion a year earlier.
How much debt does Huron Consulting have?
Huron Consulting had $548.3 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.04.
How much cash does Huron Consulting have?
Huron Consulting held $24.5 million in cash and short-term investments at the end of fiscal 2025; with $548.3 million of debt that is net debt of $523.8 million.
What is Huron Consulting's book value?
Huron Consulting's shareholders' equity (book value) was $528.6 million at the end of fiscal 2025, or $29.38 per share.
What is Huron Consulting's current ratio?
Huron Consulting had current assets of $448.6 million and current liabilities of $383.4 million, a current ratio of 1.17 (it can cover its short-term obligations).
How much goodwill does Huron Consulting have?
Huron Consulting carried $859.8 million of goodwill and intangible assets, 56.3% of total assets, at the end of fiscal 2025.