KB Home (KBH) Balance Sheet
KBH balance sheet, FY2025
November 30, 2025 · U.S. dollars$6.72B assets = $2.82B liabilities + $3.90B equity
Both columns are drawn to the same scale: what KBH owns equals what it owes plus shareholders’ equity. Hover a block for its value.
KBH financial health
Current ratio4.57
Comfortable · current assets cover current liabilities 4.57×
Debt / equity0.44
Low leverage · $0.44 of debt for each $1 of equity
Equity / assets58.0%
Equity-funded · of assets funded by shareholders
Cash / debt13.3%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2025.
KBH balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $5.13BFY2016 | $6.72BFY2025 | +3.0%/yr | |
| Total liabilities | $3.41BFY2016 | $2.82BFY2025 | −2.1%/yr | |
| Shareholders’ equity | $1.72BFY2016 | $3.90BFY2025 | +9.5%/yr | |
| Cash & short-term investments | $592.1MFY2016 | $230.4MFY2025 | −10.0%/yr | |
| Total debt | $2.86BFY2016 | $1.73BFY2025 | −5.4%/yr | |
| Net cash (debt) | −$2.27BFY2016 | −$1.50BFY2025 | +$769.3M | |
| Working capital | $3.46BFY2016 | $4.90BFY2025 | +$1.4B | |
| Book value per share | $17.90FY2016 | $56.33FY2025 | +13.6%/yr | |
| Current ratio | 5.52FY2016 | 4.57FY2025 | −0.94 | |
| Debt / equity | 1.66FY2016 | 0.44FY2025 | −1.22 | |
| Shares outstanding | 96.3MFY2016 | 69.3MFY2025 | −3.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
KBH assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
KBH liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
KBH debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
KBH balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $230.4M | $599.2M | $727.3M | $330.2M | $290.8M | $681.2M | $453.8M | $574.4M | $720.6M | $592.1M |
| Cash & equivalents | $230.4M | $599.2M | $727.3M | $330.2M | $290.8M | $681.2M | $453.8M | $574.4M | $720.6M | $592.1M |
| Short-term investments | — | −$1.2M | −$34.4M | $46.8M | — | — | — | $8.6M | $10.3M | $7.8M |
| Receivables | $356.2M | $382.9M | $369.6M | $326.2M | $304.2M | $272.7M | $249.1M | $292.8M | $244.2M | $231.7M |
| Inventory | $5.67B | $5.53B | $5.13B | $5.54B | $4.80B | $3.90B | $3.70B | $3.58B | $3.26B | $3.40B |
| Other current assets | $15.0M | $17.8M | $15.9M | $15.6M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $6.27B | $6.53B | $6.25B | $6.22B | $5.40B | $4.85B | $4.41B | $4.45B | $4.23B | $4.23B |
| Property, plant & equipment (net) | $119.0M | $109.1M | $113.0M | $114.7M | $76.3M | $65.5M | $65.0M | $24.3M | $19.5M | $14.2M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $100.9M | $89.0M | $78.5M | $46.8M | $36.1M | $57.8M | $71.4M | $62.0M | $64.8M | $64.0M |
| Other non-current assets | $228.8M | $210.1M | $210.3M | $275.2M | $325.7M | $381.8M | $471.6M | $537.3M | $729.0M | $826.4M |
| Total assets | $6.72B | $6.94B | $6.65B | $6.65B | $5.84B | $5.36B | $5.02B | $5.07B | $5.04B | $5.13B |
| Liabilities | ||||||||||
| Accounts payable | $354.4M | $387.6M | $390.1M | $415.7M | $371.8M | $273.4M | $262.8M | $258.0M | $213.5M | $215.3M |
| Short-term debt | $350.0M | $0 | $29.9M | $507.5M | $364.2M | $13.3M | $7.9M | $232.8M | $184.2M | $223.4M |
| Deferred revenue | — | $44.0M | $58.9M | $76.7M | $71.0M | $26.2M | $22.4M | $19.5M | $16.9M | $18.2M |
| Total current liabilities | $1.37B | $936.1M | $908.9M | $1.07B | $1.13B | $940.9M | $881.6M | $924.3M | $789.4M | $766.3M |
| Long-term debt | $1.69B | $1.69B | $1.69B | $1.84B | $1.69B | $1.75B | $1.75B | $2.06B | $2.32B | $2.64B |
| Lease obligations | $19.8M | $20.9M | $26.5M | $27.5M | $29.3M | $37.7M | — | — | — | — |
| Other long-term liabilities | $0 | $247.7M | $239.5M | $79.1M | $2.7M | $2.6M | $2.1M | $1.5M | $966,000 | $2.0M |
| Total liabilities | $2.82B | $2.88B | $2.84B | $2.99B | $2.82B | $2.69B | $2.63B | $2.99B | $3.12B | $3.41B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $74.5M | $74.4M | $101.3M | $100.7M | $100.7M | $99.9M | $121.6M | $119.2M | $117.9M | $116.2M |
| Retained earnings (deficit) | $3.63B | $3.27B | $3.68B | $3.14B | $2.38B | $1.87B | $2.16B | $1.90B | $1.74B | $1.56B |
| Treasury stock | — | — | — | — | −$217.4M | −$27.8M | −$591.3M | −$584.4M | −$541.4M | −$535.4M |
| Accumulated other comprehensive income | −$3.5M | −$3.7M | −$3.7M | −$5.6M | −$19.1M | −$22.3M | −$15.5M | −$9.6M | −$16.9M | −$16.1M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $3.90B | $4.06B | $3.81B | $3.66B | $3.02B | $2.67B | $2.38B | $2.09B | $1.93B | $1.72B |
| Key figures | ||||||||||
| Total debt | $1.73B | $1.71B | $1.72B | $2.37B | $2.05B | $1.76B | $1.76B | $2.29B | $2.51B | $2.86B |
| Net cash (debt) | −$1.50B | −$1.11B | −$989.1M | −$2.04B | −$1.76B | −$1.08B | −$1.30B | −$1.72B | −$1.79B | −$2.27B |
| Working capital | $4.90B | $5.59B | $5.34B | $5.14B | $4.27B | $3.91B | $3.53B | $3.53B | $3.44B | $3.46B |
| Tangible book value | $3.90B | $4.06B | $3.81B | $3.66B | $3.02B | $2.67B | $2.38B | $2.09B | $1.93B | $1.72B |
| Book value per share | $56.33 | $52.77 | $45.70 | $40.97 | $32.26 | $28.33 | $25.40 | $20.66 | $19.59 | $17.90 |
| Shares outstanding | 69.3M | 77.0M | 83.4M | 89.3M | 93.6M | 94.1M | 93.8M | 101.1M | 98.3M | 96.3M |
| Current ratio | 4.57 | 6.97 | 6.87 | 5.79 | 4.78 | 5.16 | 5.00 | 4.81 | 5.36 | 5.52 |
| Quick ratio | 0.43 | 1.05 | 1.21 | 0.61 | 0.53 | 1.01 | 0.80 | 0.94 | 1.22 | 1.07 |
| Debt / equity | 0.44 | 0.42 | 0.45 | 0.65 | 0.68 | 0.66 | 0.74 | 1.10 | 1.30 | 1.66 |
| Equity / assets | 58.0% | 58.5% | 57.3% | 55.0% | 51.7% | 49.8% | 47.5% | 41.1% | 38.2% | 33.6% |
| Aug '26 | May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $160.1M | $199.8M | $200.5M | $230.4M | $332.3M | $310.9M | $269.5M | $599.2M | $375.7M | $644.3M | $668.3M | $727.3M |
| Cash & equivalents | $160.1M | $199.8M | $200.5M | $230.4M | $332.3M | $310.9M | $269.5M | $599.2M | $375.7M | $644.3M | $668.3M | $727.3M |
| Short-term investments | — | — | — | — | — | — | — | −$1.2M | −$19.7M | — | — | — |
| Receivables | $400.3M | $392.1M | $360.0M | $356.2M | $390.7M | $374.7M | $351.4M | $382.9M | $377.2M | $374.6M | $357.3M | $369.6M |
| Inventory | $5.98B | $5.73B | $5.70B | $5.67B | $5.84B | $5.91B | $5.94B | $5.53B | $5.65B | $5.34B | $5.24B | $5.13B |
| Other current assets | $21.9M | $0 | $0 | $15.0M | $17.6M | $19.2M | $12.8M | $17.8M | $23.7M | $26.2M | $12.8M | $15.9M |
| Total current assets | $6.56B | $6.32B | $6.26B | $6.27B | $6.58B | $6.62B | $6.58B | $6.53B | $6.43B | $6.38B | $6.28B | $6.25B |
| Property, plant & equipment (net) | $130.9M | $103.8M | $104.6M | $119.0M | $115.8M | $115.7M | $112.7M | $109.1M | $109.0M | $111.6M | $112.5M | $113.0M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $92.4M | $105.4M | $100.9M | $82.5M | $75.2M | $79.6M | $89.0M | $82.7M | $90.6M | $79.6M | $78.5M |
| Other non-current assets | $274.9M | $257.1M | $231.4M | $228.8M | $207.9M | $208.5M | $210.8M | $210.1M | $222.6M | $223.3M | $209.5M | $210.3M |
| Total assets | $6.97B | $6.78B | $6.70B | $6.72B | $6.99B | $7.02B | $6.98B | $6.94B | $6.84B | $6.81B | $6.68B | $6.65B |
| Liabilities | ||||||||||||
| Accounts payable | $319.5M | $305.5M | $287.9M | $354.4M | $369.2M | $362.3M | $366.3M | $387.6M | $403.8M | $398.2M | $379.8M | $390.1M |
| Short-term debt | $200,000 | $400,000 | $200.0M | $350.0M | $250.0M | $0 | $0 | $0 | $333.5M | $4.3M | $2.9M | $29.9M |
| Deferred revenue | $29.7M | — | $27.3M | — | $38.1M | $44.3M | $44.4M | $44.0M | $57.0M | $62.0M | $60.1M | $58.9M |
| Total current liabilities | $1.03B | $930.2M | $984.0M | $1.37B | $1.18B | $932.3M | $922.8M | $936.1M | $935.9M | $924.2M | $916.1M | $908.9M |
| Long-term debt | $0 | $1.69B | $1.89B | $1.69B | $1.94B | $1.89B | $1.79B | $1.69B | $1.69B | $1.70B | $1.69B | $1.69B |
| Lease obligations | — | $29.9M | $28.5M | $19.8M | $20.7M | $23.4M | $22.4M | $20.9M | $21.7M | $24.5M | $26.1M | $26.5M |
| Other long-term liabilities | $2.14B | $354.8M | $0 | $0 | $0 | $201.8M | $171.4M | $247.7M | $225.8M | $194.6M | $192.0M | $239.5M |
| Total liabilities | $3.17B | $2.98B | $2.85B | $2.82B | $3.08B | $3.03B | $2.89B | $2.88B | $2.85B | $2.81B | $2.80B | $2.84B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $64.0M | $63.7M | $74.5M | $74.5M | $74.5M | $74.4M | $74.4M | $74.4M | $101.9M | $101.9M | $101.9M | $101.3M |
| Retained earnings (deficit) | $3.08B | $3.03B | $3.65B | $3.63B | $3.54B | $3.45B | $3.36B | $3.27B | $4.09B | $3.95B | $3.80B | $3.68B |
| Accumulated other comprehensive income | −$3.5M | −$3.5M | −$3.5M | −$3.5M | −$3.7M | −$3.7M | −$3.7M | −$3.7M | −$3.7M | −$3.7M | −$3.7M | −$3.7M |
| Total shareholders' equity | $3.80B | $3.80B | $3.86B | $3.90B | $3.90B | $3.99B | $4.09B | $4.06B | $3.99B | $3.99B | $3.88B | $3.81B |
| Key figures | ||||||||||||
| Total debt | $2.14B | $2.00B | $1.92B | $1.73B | $1.96B | $1.92B | $1.81B | $1.71B | $1.71B | $1.72B | $1.72B | $1.72B |
| Net cash (debt) | −$1.98B | −$1.80B | −$1.72B | −$1.50B | −$1.63B | −$1.61B | −$1.55B | −$1.11B | −$1.34B | −$1.08B | −$1.05B | −$989.1M |
| Working capital | $5.54B | $5.39B | $5.28B | $4.90B | $5.40B | $5.69B | $5.65B | $5.59B | $5.49B | $5.46B | $5.37B | $5.34B |
| Tangible book value | $3.80B | $3.80B | $3.86B | $3.90B | $3.90B | $3.99B | $4.09B | $4.06B | $3.99B | $3.99B | $3.88B | $3.81B |
| Book value per share | $61.55 | $60.06 | $60.49 | $59.98 | $57.61 | $55.34 | $56.05 | $54.06 | $52.03 | $51.30 | $49.61 | $47.32 |
| Shares outstanding | 61.8M | 63.2M | 63.7M | 65.0M | 67.7M | 72.1M | 73.0M | 75.1M | 76.6M | 77.8M | 78.3M | 80.5M |
| Current ratio | 6.39 | 6.80 | 6.36 | 4.57 | 5.57 | 7.10 | 7.13 | 6.97 | 6.87 | 6.90 | 6.86 | 6.87 |
| Quick ratio | 0.55 | 0.64 | 0.57 | 0.43 | 0.61 | 0.74 | 0.67 | 1.05 | 0.80 | 1.10 | 1.12 | 1.21 |
| Debt / equity | 0.56 | 0.53 | 0.50 | 0.44 | 0.50 | 0.48 | 0.44 | 0.42 | 0.43 | 0.43 | 0.44 | 0.45 |
| Equity / assets | 54.5% | 56.0% | 57.5% | 58.0% | 55.9% | 56.9% | 58.6% | 58.5% | 58.3% | 58.7% | 58.1% | 57.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed January 23, 2026); data from EODHD.
KBH financial position
At the end of fiscal 2025 (November 30, 2025), KB Home had total assets of $6.7 billion (down 3.1% from a year earlier), total liabilities of $2.8 billion and shareholders' equity of $3.9 billion. It held $230.4 million in cash and short-term investments against $1.7 billion of debt, net debt of $1.5 billion. Its current ratio was 4.57. In the latest quarter (ended August 31, 2026) total assets were $7.0 billion and equity $3.8 billion.
Related: KBH income statement, KBH cash flow statement, KBH key metrics. See the KBH stock overview for the latest quote and news.
KBH balance sheet FAQ
What are KB Home's total assets?
KB Home reported total assets of $6.7 billion at the end of fiscal 2025 (November 30, 2025), compared with $6.9 billion a year earlier.
How much debt does KB Home have?
KB Home had $1.7 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.44.
How much cash does KB Home have?
KB Home held $230.4 million in cash and short-term investments at the end of fiscal 2025; with $1.7 billion of debt that is net debt of $1.5 billion.
What is KB Home's book value?
KB Home's shareholders' equity (book value) was $3.9 billion at the end of fiscal 2025, or $56.33 per share.
What is KB Home's current ratio?
KB Home had current assets of $6.3 billion and current liabilities of $1.4 billion, a current ratio of 4.57 (it can cover its short-term obligations).