Eastman Kodak Company (KODK) Balance Sheet

NYSE: KODKAssets, liabilities, debt and equity over 10 years.

KODK balance sheet, 2025

December 31, 2025 · U.S. dollars

$1.66B assets = $944.0M liabilities + $713.0M equity

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

KODK financial health

Current ratio3.14

Comfortable · current assets cover current liabilities 3.14×

Debt / equity0.35

Low leverage · $0.35 of debt for each $1 of equity

Equity / assets43.0%

Equity-funded · of assets funded by shareholders

Cash / debt134.8%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles1.8%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

KODK balance sheet trends, 2016–2025

Eastman Kodak Company balance sheet trends
Metric	Then	Latest	Change
Total assets	$1.78B2016	$1.66B2025	−0.8%/yr
Total liabilities	$1.69B2016	$944.0M2025	−6.3%/yr
Shareholders’ equity	$83.0M2016	$713.0M2025	+27.0%/yr
Cash & short-term investments	$433.0M2016	$337.0M2025	−2.7%/yr
Total debt	$407.0M2016	$250.0M2025	−5.3%/yr
Net cash (debt)	$26.0M2016	$87.0M2025	+$61.0M
Working capital	$695.0M2016	$573.0M2025	−$122.0M
Book value per share	$1.962016	$7.942025	+16.8%/yr
Current ratio	2.642016	3.142025	+0.50
Debt / equity	4.902016	0.352025	−4.55
Shares outstanding	42.4M2016	89.8M2025	+8.7%/yr

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

KODK assets

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

KODK liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

KODK debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

KODK balance sheet

Eastman Kodak Company annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	$337.0M	$201.0M	$255.0M	$217.0M	$362.0M	$196.0M	$233.0M	$246.0M	$344.0M	$433.0M
Cash & equivalents	$337.0M	$201.0M	$255.0M	$217.0M	$362.0M	$196.0M	$233.0M	$246.0M	$344.0M	$433.0M
Short-term investments	—	—	—	—	—	—	—	—	$0	$0
Receivables	$152.0M	$138.0M	$195.0M	$177.0M	$175.0M	$177.0M	$208.0M	$232.0M	$253.0M	$277.0M
Inventory	$218.0M	$219.0M	$217.0M	$237.0M	$219.0M	$206.0M	$215.0M	$236.0M	$276.0M	$236.0M
Other current assets	$134.0M	$37.0M	$45.0M	$50.0M	$51.0M	$48.0M	$50.0M	$164.0M	$85.0M	$174.0M
Total current assets	$841.0M	$595.0M	$712.0M	$681.0M	$807.0M	$627.0M	$706.0M	$878.0M	$958.0M	$1.12B
Property, plant & equipment (net)	$239.0M	$216.0M	$199.0M	$193.0M	$187.0M	$200.0M	$230.0M	$246.0M	$314.0M	$298.0M
Goodwill & intangible assets	$29.0M	$32.0M	$36.0M	$40.0M	$46.0M	$51.0M	$59.0M	$72.0M	$118.0M	$172.0M
Long-term investments	$0	$0	$0	$25.0M	$0	$0	$0	$0	$0	$0
Other non-current assets	$548.0M	$1.16B	$1.41B	$1.35B	$1.13B	$370.0M	$420.0M	$315.0M	$317.0M	$186.0M
Total assets	$1.66B	$2.00B	$2.35B	$2.29B	$2.17B	$1.25B	$1.42B	$1.51B	$1.71B	$1.78B
Liabilities
Accounts payable	$101.0M	$120.0M	$125.0M	$134.0M	$153.0M	$118.0M	$153.0M	$130.0M	$183.0M	$200.0M
Short-term debt	$12.0M	$12.0M	$14.0M	$16.0M	$14.0M	$14.0M	$14.0M	$398.0M	$7.0M	$6.0M
Deferred revenue	$42.0M	$35.0M	$37.0M	$40.0M	$43.0M	$46.0M	$46.0M	$34.0M	$30.0M	$28.0M
Total current liabilities	$268.0M	$261.0M	$283.0M	$293.0M	$309.0M	$296.0M	$368.0M	$778.0M	$419.0M	$425.0M
Long-term debt	$207.0M	$465.0M	$456.0M	$315.0M	$253.0M	$17.0M	$109.0M	$5.0M	$399.0M	$402.0M
Lease obligations	$42.0M	$33.0M	$38.0M	$47.0M	$59.0M	$65.0M	$65.0M	$5.0M	$7.0M	$9.0M
Other long-term liabilities	$469.0M	$416.0M	$475.0M	$433.0M	$632.0M	$667.0M	$657.0M	$558.0M	$668.0M	$866.0M
Total liabilities	$944.0M	$1.14B	$1.21B	$1.04B	$1.19B	$980.0M	$1.13B	$1.34B	$1.49B	$1.69B
Shareholders' equity
Common stock & paid-in capital	$1.0M	—	—	—	—	—	—	—	$631.0M	$641.0M
Retained earnings (deficit)	−$521.0M	−$393.0M	−$495.0M	−$570.0M	−$596.0M	−$620.0M	−$79.0M	−$200.0M	−$174.0M	−$268.0M
Treasury stock	—	—	—	—	−$10.0M	−$9.0M	−$9.0M	−$9.0M	−$9.0M	−$8.0M
Accumulated other comprehensive income	−$118.0M	−$104.0M	$281.0M	$462.0M	$221.0M	−$446.0M	−$417.0M	−$411.0M	−$391.0M	−$438.0M
Minority interest	—	—	—	—	—	—	—	—	$0	$0
Total shareholders' equity	$713.0M	$859.0M	$1.14B	$1.24B	$977.0M	$268.0M	$281.0M	$170.0M	$221.0M	$83.0M
Key figures
Total debt	$250.0M	$499.0M	$495.0M	$363.0M	$312.0M	$80.0M	$171.0M	$401.0M	$403.0M	$407.0M
Net cash (debt)	$87.0M	−$298.0M	−$240.0M	−$146.0M	$50.0M	$116.0M	$62.0M	−$155.0M	−$59.0M	$26.0M
Working capital	$573.0M	$334.0M	$429.0M	$388.0M	$498.0M	$331.0M	$338.0M	$100.0M	$539.0M	$695.0M
Tangible book value	$684.0M	$827.0M	$1.10B	$1.20B	$931.0M	$217.0M	$222.0M	$98.0M	$103.0M	−$89.0M
Book value per share	$7.94	$9.31	$12.61	$15.43	$12.14	$4.67	$6.53	$3.98	$5.18	$1.96
Shares outstanding	89.8M	92.3M	90.5M	80.6M	80.5M	57.4M	43.0M	42.7M	42.7M	42.4M
Current ratio	3.14	2.28	2.52	2.32	2.61	2.12	1.92	1.13	2.29	2.64
Quick ratio	1.82	1.30	1.59	1.34	1.74	1.26	1.20	0.61	1.42	1.67
Debt / equity	0.35	0.58	0.43	0.29	0.32	0.30	0.61	2.36	1.82	4.90
Equity / assets	43.0%	42.9%	48.5%	54.4%	45.0%	21.5%	19.9%	11.3%	12.9%	4.7%

Eastman Kodak Company quarterly balance sheet
	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	$317.0M	$299.0M	$337.0M	$168.0M	$155.0M	$158.0M	$201.0M	$214.0M	$251.0M	$262.0M	$255.0M	$246.0M
Cash & equivalents	$290.0M	$299.0M	$337.0M	$168.0M	$155.0M	$158.0M	$201.0M	$214.0M	$251.0M	$262.0M	$255.0M	$246.0M
Short-term investments	$27.0M	—	—	—	—	—	—	—	—	—	—	—
Receivables	$149.0M	$135.0M	$152.0M	$146.0M	$149.0M	$149.0M	$138.0M	$143.0M	$139.0M	$139.0M	$195.0M	$191.0M
Inventory	$253.0M	$255.0M	$218.0M	$236.0M	$238.0M	$236.0M	$219.0M	$241.0M	$232.0M	$230.0M	$217.0M	$239.0M
Other current assets	$47.0M	$104.0M	$134.0M	$42.0M	$32.0M	$34.0M	$37.0M	$44.0M	$38.0M	$46.0M	$45.0M	$36.0M
Total current assets	$766.0M	$793.0M	$841.0M	$592.0M	$574.0M	$577.0M	$595.0M	$642.0M	$660.0M	$677.0M	$712.0M	$712.0M
Property, plant & equipment (net)	$230.0M	$241.0M	$239.0M	$235.0M	$238.0M	$227.0M	$216.0M	$218.0M	$206.0M	$202.0M	$199.0M	$194.0M
Goodwill & intangible assets	$29.0M	$29.0M	$29.0M	$29.0M	$30.0M	$31.0M	$32.0M	$33.0M	$34.0M	$35.0M	$36.0M	$37.0M
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$502.0M	$494.0M	$548.0M	$1.22B	$1.09B	$1.10B	$1.16B	$1.50B	$1.46B	$1.43B	$1.41B	$1.41B
Total assets	$1.53B	$1.56B	$1.66B	$2.08B	$1.93B	$1.94B	$2.00B	$2.39B	$2.36B	$2.35B	$2.35B	$2.36B
Liabilities
Accounts payable	$108.0M	$111.0M	$101.0M	$103.0M	$111.0M	$129.0M	$120.0M	$128.0M	$128.0M	$129.0M	$125.0M	$124.0M
Short-term debt	$13.0M	$63.0M	$12.0M	$509.0M	$491.0M	$12.0M	$12.0M	$10.0M	$11.0M	$12.0M	$14.0M	$14.0M
Deferred revenue	—	—	$42.0M	—	—	—	$35.0M	—	$40.0M	$35.0M	$37.0M	$106.0M
Total current liabilities	$263.0M	$314.0M	$268.0M	$749.0M	$729.0M	$261.0M	$261.0M	$266.0M	$278.0M	$274.0M	$283.0M	$271.0M
Long-term debt	$108.0M	$108.0M	$207.0M	$10.0M	$11.0M	$473.0M	$465.0M	$460.0M	$453.0M	$447.0M	$456.0M	$451.0M
Lease obligations	$38.0M	$38.0M	$42.0M	$42.0M	$44.0M	$34.0M	$33.0M	$33.0M	$35.0M	$37.0M	$38.0M	$39.0M
Other long-term liabilities	$385.0M	$463.0M	$469.0M	$455.0M	$443.0M	$420.0M	$416.0M	$464.0M	$453.0M	$675.0M	$475.0M	$468.0M
Total liabilities	$830.0M	$885.0M	$944.0M	$1.21B	$1.18B	$1.15B	$1.14B	$1.19B	$1.18B	$1.40B	$1.21B	$1.19B
Shareholders' equity
Common stock & paid-in capital	$1.0M	$1.0M	$1.0M	$1.0M	—	—	—	—	—	—	—	$208.0M
Retained earnings (deficit)	−$520.0M	−$537.0M	−$521.0M	−$413.0M	−$426.0M	−$400.0M	−$393.0M	−$419.0M	−$437.0M	−$463.0M	−$495.0M	−$500.0M
Accumulated other comprehensive income	−$115.0M	−$117.0M	−$118.0M	−$83.0M	−$179.0M	−$173.0M	−$104.0M	$261.0M	$256.0M	$269.0M	$281.0M	$312.0M
Total shareholders' equity	$623.0M	$672.0M	$713.0M	$861.0M	$750.0M	$783.0M	$859.0M	$1.20B	$1.18B	$951.0M	$1.14B	$1.17B
Key figures
Total debt	$148.0M	$198.0M	$250.0M	$549.0M	$534.0M	$509.0M	$499.0M	$494.0M	$489.0M	$485.0M	$495.0M	$491.0M
Net cash (debt)	$169.0M	$101.0M	$87.0M	−$381.0M	−$379.0M	−$351.0M	−$298.0M	−$280.0M	−$238.0M	−$223.0M	−$240.0M	−$245.0M
Working capital	$503.0M	$479.0M	$573.0M	−$157.0M	−$155.0M	$316.0M	$334.0M	$376.0M	$382.0M	$403.0M	$429.0M	$441.0M
Tangible book value	$594.0M	$643.0M	$684.0M	$832.0M	$720.0M	$752.0M	$827.0M	$1.17B	$1.14B	$916.0M	$1.10B	$1.13B
Book value per share	$6.94	$7.48	$7.94	$9.59	$9.27	$9.71	$10.67	$12.97	$12.72	$10.42	$14.33	$14.68
Shares outstanding	89.8M	89.8M	89.8M	89.8M	80.9M	80.6M	80.5M	92.4M	92.4M	91.3M	79.6M	79.5M
Current ratio	2.91	2.53	3.14	0.79	0.79	2.21	2.28	2.41	2.37	2.47	2.52	2.63
Quick ratio	1.77	1.38	1.82	0.42	0.42	1.18	1.30	1.34	1.40	1.46	1.59	1.61
Debt / equity	0.24	0.29	0.35	0.64	0.71	0.65	0.58	0.41	0.42	0.51	0.43	0.42
Equity / assets	40.8%	43.2%	43.0%	41.5%	38.8%	40.4%	42.9%	50.2%	49.8%	40.5%	48.5%	49.5%

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.

KODK financial position

At the end of fiscal 2025 (December 31, 2025), Eastman Kodak had total assets of $1.7 billion (down 17.2% from a year earlier), total liabilities of $944.0 million and shareholders' equity of $713.0 million. It held $337.0 million in cash and short-term investments against $250.0 million of debt, a net cash position of $87.0 million. Its current ratio was 3.14. In the latest quarter (ended June 30, 2026) total assets were $1.5 billion and equity $623.0 million.

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

KODK balance sheet FAQ

What are Eastman Kodak's total assets?

Eastman Kodak reported total assets of $1.7 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.0 billion a year earlier.

How much debt does Eastman Kodak have?

Eastman Kodak had $250.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.35.

How much cash does Eastman Kodak have?

Eastman Kodak held $337.0 million in cash and short-term investments at the end of fiscal 2025; with $250.0 million of debt that is net cash of $87.0 million.

What is Eastman Kodak's book value?

Eastman Kodak's shareholders' equity (book value) was $713.0 million at the end of fiscal 2025, or $7.94 per share.

What is Eastman Kodak's current ratio?

Eastman Kodak had current assets of $841.0 million and current liabilities of $268.0 million, a current ratio of 3.14 (it can cover its short-term obligations).

How much goodwill does Eastman Kodak have?

Eastman Kodak carried $29.0 million of goodwill and intangible assets, 1.8% of total assets, at the end of fiscal 2025.