INNIO N.V. (INIO) Balance Sheet

NASDAQ: INIOAssets, liabilities, debt and equity over 3 years.

INIO balance sheet, 2025

December 31, 2025 · U.S. dollars

$4.90B assets = $4.67B liabilities + $228.1M equity

What it owns$4.90BCash & ST investments: $689.5M (14.1%)Cash & ST investments$689.5M · 14%Receivables: $300.0M (6.1%)Receivables $300.0MInventory: $601.2M (12.3%)Inventory$601.2M · 12%Other current: $203.1M (4.1%)PP&E: $608.8M (12.4%)PP&E$608.8M · 12%Goodwill & intangibles: $2.46B (50.3%)Goodwill & intangibles$2.46B · 50%Other non-current: $36.0M (0.7%)=How it is financed$4.90BCurrent liabilities: $1.38B (28.1%)Current liabilities$1.38B · 28%Long-term debt: $2.65B (54.0%)Long-term debt$2.65B · 54%Other LT liabilities: $651.2M (13.3%)Other LT liabilities$651.2M · 13%Shareholders’ equity: $228.1M (4.7%)

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

INIO financial health

Current ratio1.30
Adequate · current assets cover current liabilities 1.30×
Debt / equity12.53
High leverage · $12.53 of debt for each $1 of equity
Equity / assets4.4%
Thin equity · of assets funded by shareholders
Cash / debt25.3%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles50.3%
Mostly intangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

INIO balance sheet trends, 2023–2025

MetricTrendThenLatestChange
Total assets$3.96B2023$4.90B2025+11.2%/yr
Total liabilities$3.09B2023$4.67B2025+23.1%/yr
Shareholders’ equity$876.4M2023$217.8M2025−50.1%/yr
Cash & short-term investments$301.1M2023$689.5M2025+51.3%/yr
Total debt$1.85B2023$2.73B2025+21.6%/yr
Net cash (debt)−$1.55B2023−$2.04B2025−$493.2M
Working capital$187.0M2023$418.0M2025+$231.0M
Book value per share$1.142023$0.282025−50.1%/yr
Current ratio1.2320231.302025+0.07
Debt / equity2.11202312.532025+10.42
Shares outstanding771.5M2023771.5M20250.0%/yr

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

INIO assets

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

INIO liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

INIO debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

INIO balance sheet

202520242023
Assets
Cash & short-term investments$689.5M$378.4M$301.1M
Cash & equivalents$689.5M$378.4M$301.1M
Receivables$300.0M$217.1M$204.2M
Inventory$601.2M$400.6M$428.1M
Other current assets$203.1M$46.7M$50.3M
Total current assets$1.79B$1.04B$983.7M
Property, plant & equipment (net)$608.8M$456.3M$445.3M
Goodwill & intangible assets$2.46B$2.30B$2.50B
Long-term investments$0$0$0
Other non-current assets$36.0M$41.2M$38.0M
Total assets$4.90B$3.84B$3.96B
Liabilities
Accounts payable$273.3M$214.7M$224.6M
Short-term debt$29.8M$17.1M$16.4M
Deferred revenue$546.2M$275.2M$189.6M
Total current liabilities$1.38B$902.8M$796.7M
Long-term debt$2.65B$1.73B$0
Lease obligations$69.3M$186.1M—
Other long-term liabilities$651.2M$453.7M$2.29B
Total liabilities$4.67B$3.08B$3.09B
Shareholders' equity
Retained earnings (deficit)$100.3M−$44.0M$49.2M
Accumulated other comprehensive income−$20.6M−$55.2M−$34.7M
Minority interest$10.3M$0—
Total shareholders' equity$217.8M$762.7M$876.4M
Key figures
Total debt$2.73B$1.92B$1.85B
Net cash (debt)−$2.04B−$1.54B−$1.55B
Working capital$418.0M$140.0M$187.0M
Tangible book value−$2.25B−$1.54B−$1.62B
Book value per share$0.28$0.99$1.14
Shares outstanding771.5M771.5M771.5M
Current ratio1.301.161.23
Quick ratio0.720.660.63
Debt / equity12.532.512.11
Equity / assets4.4%19.8%22.1%

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.

INIO financial position

At the end of fiscal 2025 (December 31, 2025), INNIO had total assets of $4.9 billion (up 27.5% from a year earlier), total liabilities of $4.7 billion and shareholders' equity of $217.8 million. It held $689.5 million in cash and short-term investments against $2.7 billion of debt, net debt of $2.0 billion. Its current ratio was 1.30. In the latest quarter (ended June 30, 2026) total assets were $5.7 billion and equity $209.2 million.

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

INIO balance sheet FAQ

What are INNIO's total assets?

INNIO reported total assets of $4.9 billion at the end of fiscal 2025 (December 31, 2025), compared with $3.8 billion a year earlier.

How much debt does INNIO have?

INNIO had $2.7 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 12.53.

How much cash does INNIO have?

INNIO held $689.5 million in cash and short-term investments at the end of fiscal 2025; with $2.7 billion of debt that is net debt of $2.0 billion.

What is INNIO's book value?

INNIO's shareholders' equity (book value) was $217.8 million at the end of fiscal 2025, or $0.28 per share.

What is INNIO's current ratio?

INNIO had current assets of $1.8 billion and current liabilities of $1.4 billion, a current ratio of 1.30 (it can cover its short-term obligations).

How much goodwill does INNIO have?

INNIO carried $2.5 billion of goodwill and intangible assets, 50.3% of total assets, at the end of fiscal 2025.

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