KLX Energy Services Holdings, Inc. (KLXE) Balance Sheet
KLXE balance sheet, 2025
December 31, 2025 · U.S. dollars$340.3M assets = $414.5M liabilities + −$74.2M equity
Liabilities exceed assets: shareholders’ equity is negative (−$74.2M).
Both columns are drawn to the same scale: what KLXE owns equals what it owes plus shareholders’ equity. Hover a block for its value.
KLXE financial health
Descriptive bands, not a rating. Fiscal 2025.
KLXE balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $205.0M2016 | $340.3M2025 | +5.8%/yr | |
| Total liabilities | $27.0M2016 | $414.5M2025 | +35.5%/yr | |
| Shareholders’ equity | $178.0M2016 | −$74.2M2025 | — | |
| Cash & short-term investments | $12016 | $5.7M2025 | +463.2%/yr | |
| Total debt | $242.2M2018 | $318.3M2025 | +4.0%/yr | |
| Net cash (debt) | −$78.4M2018 | −$312.6M2025 | −$234.2M | |
| Working capital | $14.8M2016 | $23.7M2025 | +$8.9M | |
| Current ratio | 1.582016 | 1.192025 | −0.39 | |
| Debt / equity | 0.712018 | 9.422023 | +8.71 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
KLXE assets
KLXE liabilities and equity
KLXE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
KLXE balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $5.7M | $91.6M | $112.5M | $57.4M | $28.0M | $47.1M | $123.5M | $163.8M | $1 | $1 |
| Cash & equivalents | $5.7M | $91.6M | $112.5M | $57.4M | $28.0M | $47.1M | $123.5M | $163.8M | — | — |
| Receivables | $102.7M | $96.9M | $127.0M | $154.3M | $103.2M | $67.0M | $79.2M | $119.6M | $73.9M | $30.5M |
| Inventory | $30.7M | $31.0M | $33.5M | $25.7M | $22.4M | $20.8M | $12.0M | $15.4M | $10.2M | $9.3M |
| Other current assets | $10.8M | $13.5M | $17.3M | $17.3M | $11.1M | $15.8M | $13.8M | $9.5M | $2.0M | $599,999 |
| Total current assets | $149.9M | $233.0M | $290.3M | $254.7M | $164.7M | $150.7M | $228.5M | $308.3M | $86.1M | $40.4M |
| Property, plant & equipment (net) | $183.4M | $216.7M | $242.9M | $205.5M | $218.4M | $203.7M | $306.8M | $271.9M | $179.5M | $161.0M |
| Goodwill & intangible assets | $1.1M | $1.5M | $1.8M | $2.1M | $2.2M | $2.5M | $74.1M | $73.5M | $2.8M | $3.1M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $5.9M | $5.1M | $4.8M | $3.6M | $2.4M | $5.8M | $14.0M | $19.1M | $5.4M | $500,000 |
| Total assets | $340.3M | $456.3M | $539.8M | $465.9M | $387.7M | $362.7M | $623.4M | $672.8M | $273.8M | $205.0M |
| Liabilities | ||||||||||
| Accounts payable | $68.7M | $74.4M | $87.9M | $84.2M | $72.1M | $39.4M | $31.4M | $47.3M | $31.8M | $15.4M |
| Short-term debt | $31.1M | $19.9M | $28.9M | $24.4M | $21.5M | $1.9M | — | — | — | — |
| Deferred revenue | — | — | $7.3M | — | $3.0M | — | — | — | — | — |
| Total current liabilities | $126.2M | $140.1M | $164.1M | $154.4M | $122.7M | $77.7M | $64.8M | $85.2M | $48.0M | $25.6M |
| Long-term debt | $253.9M | $285.1M | $284.3M | $283.4M | $0 | $243.9M | $243.0M | $0 | $0 | $0 |
| Lease obligations | $60.0M | $59.8M | $81.1M | $67.5M | — | $6.3M | $0 | — | — | — |
| Other long-term liabilities | $34.4M | $41.6M | $52.6M | $43.9M | $316.4M | $9.0M | $3.4M | $246.9M | $1.2M | $1.4M |
| Total liabilities | $414.5M | $466.8M | $501.0M | $481.7M | $439.1M | $330.6M | $311.2M | $332.1M | $49.2M | $27.0M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $200,000 | $200,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $200,000 | $1.03B | $955.1M |
| Retained earnings (deficit) | −$639.5M | −$562.4M | −$509.4M | −$528.6M | −$525.3M | −$433.1M | −$100.9M | −$4.5M | −$801.2M | −$777.1M |
| Accumulated other comprehensive income | — | — | $0 | $0 | — | — | $0 | −$152.7M | −$128.9M | −$98.2M |
| Total shareholders' equity | −$74.2M | −$10.5M | $38.8M | −$15.8M | −$51.4M | $32.1M | $312.2M | $340.7M | $224.6M | $178.0M |
| Key figures | ||||||||||
| Total debt | $318.3M | $344.9M | $365.4M | $350.9M | $336.9M | $250.2M | $243.0M | $242.2M | — | — |
| Net cash (debt) | −$312.6M | −$253.3M | −$252.9M | −$293.5M | −$308.9M | −$203.1M | −$119.5M | −$78.4M | — | — |
| Working capital | $23.7M | $92.9M | $126.2M | $100.3M | $42.0M | $73.0M | $163.7M | $223.1M | $38.1M | $14.8M |
| Tangible book value | −$75.3M | −$12.0M | $37.0M | −$17.9M | −$53.6M | $29.6M | $238.1M | $267.2M | $221.8M | $174.9M |
| Current ratio | 1.19 | 1.66 | 1.77 | 1.65 | 1.34 | 1.94 | 3.53 | 3.62 | 1.79 | 1.58 |
| Quick ratio | 0.86 | 1.35 | 1.46 | 1.37 | 1.07 | 1.47 | 3.13 | 3.33 | 1.54 | 1.19 |
| Debt / equity | — | — | 9.42 | — | — | 7.79 | 0.78 | 0.71 | — | — |
| Equity / assets | −21.8% | −2.3% | 7.2% | −3.4% | −13.3% | 8.9% | 50.1% | 50.6% | 82.0% | 86.8% |
| 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 | $7.9M | $5.6M | $5.7M | $8.3M | $16.7M | $14.6M | $91.6M | $82.7M | $86.9M | $84.9M | $112.5M | $90.4M |
| Cash & equivalents | $7.9M | $5.6M | $5.7M | $8.3M | $16.7M | $14.6M | $91.6M | $82.7M | $86.9M | $84.9M | $112.5M | $90.4M |
| Receivables | $121.9M | $107.3M | $102.7M | $110.6M | $106.0M | $102.7M | $96.9M | $124.8M | $118.1M | $120.5M | $127.0M | $155.7M |
| Inventory | $32.0M | $31.9M | $30.7M | $32.7M | $32.0M | $31.8M | $31.0M | $32.7M | $32.3M | $33.3M | $33.5M | $33.4M |
| Other current assets | $17.1M | $9.3M | $10.8M | $12.6M | $18.0M | $18.8M | $13.5M | $14.6M | $14.0M | $14.9M | $17.3M | $7.9M |
| Total current assets | $178.9M | $154.1M | $149.9M | $164.2M | $172.7M | $167.9M | $233.0M | $254.8M | $251.3M | $253.6M | $290.3M | $287.4M |
| Property, plant & equipment (net) | $186.5M | $170.6M | $183.4M | $186.3M | $189.2M | $203.7M | $216.7M | $225.8M | $234.9M | $238.5M | $242.9M | $230.3M |
| Goodwill & intangible assets | $900,000 | $1.0M | $1.1M | $1.2M | $1.3M | $1.3M | $1.5M | $1.5M | $1.6M | $1.7M | $1.8M | $1.9M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $5.6M | $5.8M | $5.9M | $6.5M | $6.3M | $6.2M | $5.1M | $4.7M | $3.4M | $3.7M | $4.8M | $4.7M |
| Total assets | $371.9M | $331.5M | $340.3M | $358.2M | $369.5M | $379.1M | $456.3M | $486.8M | $491.2M | $497.5M | $539.8M | $524.3M |
| Liabilities | ||||||||||||
| Accounts payable | $77.3M | $69.7M | $68.7M | $71.2M | $69.7M | $58.2M | $74.4M | $78.5M | $80.1M | $74.5M | $87.9M | $78.5M |
| Short-term debt | $26.1M | $28.5M | $31.1M | $30.3M | $29.2M | $23.6M | $19.9M | $72.6M | $24.9M | $26.9M | $28.9M | $29.8M |
| Deferred revenue | — | — | — | — | — | — | — | — | — | −$26.9M | $7.3M | — |
| Total current liabilities | $151.6M | $123.0M | $126.2M | $137.2M | $139.1M | $111.3M | $140.1M | $205.1M | $151.7M | $147.3M | $164.1M | $152.9M |
| Long-term debt | $284.3M | $271.3M | $253.9M | $254.7M | $254.2M | $256.7M | $285.1M | $235.2M | $284.9M | $284.6M | $284.3M | $284.1M |
| Lease obligations | $54.1M | $56.5M | $60.0M | $52.5M | $47.0M | $55.7M | $59.8M | $64.7M | $69.4M | $75.3M | $81.1M | $68.9M |
| Other long-term liabilities | $38.4M | $33.3M | $34.4M | $27.5M | $23.4M | $37.7M | $41.6M | $44.0M | $44.8M | $48.7M | $52.6M | $39.5M |
| Total liabilities | $474.3M | $427.6M | $414.5M | $419.4M | $416.7M | $405.7M | $466.8M | $484.3M | $481.4M | $480.6M | $501.0M | $476.5M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $200,000 | $200,000 | $200,000 | $200,000 | $200,000 | $200,000 | $200,000 | $200,000 | $200,000 | $200,000 | $100,000 | $100,000 |
| Retained earnings (deficit) | −$671.9M | −$663.5M | −$639.5M | −$624.5M | −$610.2M | −$590.3M | −$562.4M | −$547.8M | −$539.6M | −$531.6M | −$509.4M | −$500.2M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | $0 | $0 | $0 | $0 |
| Total shareholders' equity | −$102.4M | −$96.1M | −$74.2M | −$61.2M | −$47.2M | −$26.6M | −$10.5M | $2.5M | $9.8M | $16.9M | $38.8M | $47.8M |
| Key figures | ||||||||||||
| Total debt | $343.0M | $332.3M | $318.3M | $311.7M | $305.7M | $316.7M | $344.9M | $349.9M | $354.3M | $359.9M | $365.4M | $353.0M |
| Net cash (debt) | −$335.1M | −$326.7M | −$312.6M | −$303.4M | −$289.0M | −$302.1M | −$253.3M | −$267.2M | −$267.4M | −$275.0M | −$252.9M | −$262.6M |
| Working capital | $27.3M | $31.1M | $23.7M | $27.0M | $33.6M | $56.6M | $92.9M | $49.7M | $99.6M | $106.3M | $126.2M | $134.5M |
| Tangible book value | −$103.3M | −$97.1M | −$75.3M | −$62.4M | −$48.5M | −$27.9M | −$12.0M | $1.0M | $8.2M | $15.2M | $37.0M | $45.9M |
| Current ratio | 1.18 | 1.25 | 1.19 | 1.20 | 1.24 | 1.51 | 1.66 | 1.24 | 1.66 | 1.72 | 1.77 | 1.88 |
| Quick ratio | 0.86 | 0.92 | 0.86 | 0.87 | 0.88 | 1.05 | 1.35 | 1.01 | 1.35 | 1.39 | 1.46 | 1.61 |
| Debt / equity | — | — | — | — | — | — | — | 139.96 | 36.15 | 21.30 | 9.42 | 7.38 |
| Equity / assets | −27.5% | −29.0% | −21.8% | −17.1% | −12.8% | −7.0% | −2.3% | 0.5% | 2.0% | 3.4% | 7.2% | 9.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 12, 2026); data from EODHD.
KLXE financial position
At the end of fiscal 2025 (December 31, 2025), KLX Energy Services had total assets of $340.3 million (down 25.4% from a year earlier), total liabilities of $414.5 million and shareholders' equity of -$74.2 million. It held $5.7 million in cash and short-term investments against $318.3 million of debt, net debt of $312.6 million. Its current ratio was 1.19. In the latest quarter (ended June 30, 2026) total assets were $371.9 million and equity -$102.4 million.
Related: KLXE income statement, KLXE cash flow statement, KLXE key metrics. See the KLXE stock overview for the latest quote and news.
KLXE balance sheet FAQ
What are KLX Energy Services's total assets?
KLX Energy Services reported total assets of $340.3 million at the end of fiscal 2025 (December 31, 2025), compared with $456.3 million a year earlier.
How much debt does KLX Energy Services have?
KLX Energy Services had $318.3 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does KLX Energy Services have?
KLX Energy Services held $5.7 million in cash and short-term investments at the end of fiscal 2025; with $318.3 million of debt that is net debt of $312.6 million.
What is KLX Energy Services's book value?
KLX Energy Services's shareholders' equity (book value) was -$74.2 million at the end of fiscal 2025.
What is KLX Energy Services's current ratio?
KLX Energy Services had current assets of $149.9 million and current liabilities of $126.2 million, a current ratio of 1.19 (it can cover its short-term obligations).
How much goodwill does KLX Energy Services have?
KLX Energy Services carried $1.1 million of goodwill and intangible assets, 0.3% of total assets, at the end of fiscal 2025.