Levi Strauss & Co. (LEVI) Balance Sheet
LEVI balance sheet, FY2025
November 30, 2025 · U.S. dollars$6.85B assets = $4.57B liabilities + $2.28B equity
Both columns are drawn to the same scale: what LEVI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
LEVI financial health
Descriptive bands, not a rating. Fiscal FY2025.
LEVI balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.99BFY2016 | $6.85BFY2025 | +9.7%/yr | |
| Total liabilities | $2.40BFY2016 | $4.57BFY2025 | +7.4%/yr | |
| Shareholders’ equity | $588.9MFY2016 | $2.28BFY2025 | +16.2%/yr | |
| Cash & short-term investments | $375.6MFY2016 | $848.8MFY2025 | +9.5%/yr | |
| Total debt | $1.06BFY2016 | $2.31BFY2025 | +9.0%/yr | |
| Net cash (debt) | −$685.0MFY2016 | −$1.46BFY2025 | −$771.7M | |
| Working capital | $924.4MFY2016 | $1.12BFY2025 | +$196.8M | |
| Book value per share | $1.53FY2016 | $5.70FY2025 | +15.8%/yr | |
| Current ratio | 2.21FY2016 | 1.55FY2025 | −0.66 | |
| Debt / equity | 1.80FY2016 | 1.01FY2025 | −0.79 | |
| Shares outstanding | 385.5MFY2016 | 399.7MFY2025 | +0.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LEVI assets
LEVI liabilities and equity
LEVI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
LEVI balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $848.8M | $690.0M | $398.8M | $500.2M | $901.8M | $1.59B | $1.01B | $713.1M | $633.6M | $375.6M |
| Cash & equivalents | $757.9M | $690.0M | $398.8M | $429.6M | $810.3M | $1.50B | $934.2M | $713.1M | $633.6M | $375.6M |
| Short-term investments | $90.9M | $0 | $0 | $70.6M | $91.5M | $96.5M | $80.7M | — | — | — |
| Receivables | $774.7M | $710.0M | $752.7M | $697.0M | $707.6M | $540.2M | $782.8M | $534.2M | $485.5M | $479.0M |
| Inventory | $1.24B | $1.13B | $1.29B | $1.42B | $898.0M | $817.7M | $884.2M | $883.8M | $759.4M | $716.2M |
| Other current assets | $292.5M | $319.8M | $196.0M | $213.9M | $202.5M | $174.6M | $188.2M | $157.0M | $115.9M | $115.4M |
| Total current assets | $3.15B | $2.85B | $2.64B | $2.83B | $2.71B | $3.13B | $2.87B | $2.29B | $1.99B | $1.69B |
| Property, plant & equipment (net) | $1.83B | $1.75B | $1.71B | $1.59B | $1.61B | $1.44B | $529.6M | $460.6M | $424.5M | $393.6M |
| Goodwill & intangible assets | $475.0M | $474.2M | $571.3M | $652.4M | $678.2M | $312.2M | $278.6M | $279.1M | $280.2M | $277.2M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.39B | $1.30B | $1.13B | $964.7M | $905.7M | $759.5M | $554.1M | $514.9M | $655.6M | $630.1M |
| Total assets | $6.85B | $6.38B | $6.05B | $6.04B | $5.90B | $5.64B | $4.23B | $3.54B | $3.35B | $2.99B |
| Liabilities | ||||||||||
| Accounts payable | $597.6M | $663.4M | $567.9M | $657.2M | $524.8M | $375.4M | $360.3M | $351.3M | $289.5M | $270.3M |
| Short-term debt | $260.7M | $258.8M | $258.0M | $247.4M | $251.3M | $254.8M | $7.6M | $31.9M | $38.5M | $38.9M |
| Deferred revenue | — | — | $388.0M | — | $1.07B | $863.9M | — | — | $548.9M | $447.6M |
| Total current liabilities | $2.03B | $2.01B | $1.79B | $1.98B | $1.87B | $1.55B | $1.17B | $1.16B | $877.6M | $761.7M |
| Long-term debt | $1.04B | $994.0M | $1.01B | $984.5M | $1.02B | $1.55B | $1.01B | $1.02B | $1.06B | $1.02B |
| Lease obligations | $1.27B | $1.21B | $1.16B | $1.09B | $1.21B | $1.10B | — | — | $16.5M | $15.4M |
| Other long-term liabilities | $1.50B | $1.40B | $1.21B | $1.17B | $1.34B | $1.25B | $486.9M | $503.6M | $592.3M | $612.6M |
| Total liabilities | $4.57B | $4.41B | $4.01B | $4.13B | $4.23B | $4.34B | $2.66B | $2.69B | $2.53B | $2.40B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $400,000 | $400,000 | $400,000 | $400,000 | $400,000 | $398,000 | $394,000 | $376,000 | $375,000 | $375,000 |
| Retained earnings (deficit) | $1.90B | $1.67B | $1.75B | $1.70B | $1.47B | $1.11B | $1.31B | $974.3M | $1.10B | −$427.3M |
| Accumulated other comprehensive income | −$407.2M | −$434.5M | −$390.9M | −$421.7M | −$394.4M | −$441.4M | −$405.0M | −$424.6M | −$404.4M | $935.0M |
| Total shareholders' equity | $2.28B | $1.97B | $2.05B | $1.90B | $1.67B | $1.30B | $1.56B | $849.3M | $823.9M | $588.9M |
| Key figures | ||||||||||
| Total debt | $2.31B | $2.21B | $2.18B | $2.09B | $2.24B | $2.66B | $1.01B | $1.05B | $1.09B | $1.06B |
| Net cash (debt) | −$1.46B | −$1.52B | −$1.78B | −$1.59B | −$1.34B | −$1.07B | $612,000 | −$339.0M | −$460.2M | −$685.0M |
| Working capital | $1.12B | $840.6M | $850.1M | $846.3M | $840.3M | $1.58B | $1.70B | $1.13B | $1.12B | $924.4M |
| Tangible book value | $1.80B | $1.50B | $1.48B | $1.25B | $987.4M | $987.3M | $1.28B | $570.2M | $543.7M | $311.7M |
| Book value per share | $5.70 | $4.90 | $5.09 | $4.71 | $4.06 | $3.27 | $3.83 | $2.16 | $2.10 | $1.53 |
| Shares outstanding | 399.7M | 402.4M | 401.7M | 403.8M | 409.8M | 397.3M | 408.4M | 393.2M | 393.2M | 385.5M |
| Current ratio | 1.55 | 1.42 | 1.48 | 1.43 | 1.45 | 2.02 | 2.46 | 1.97 | 2.27 | 2.21 |
| Quick ratio | 0.80 | 0.70 | 0.64 | 0.60 | 0.86 | 1.38 | 1.54 | 1.07 | 1.28 | 1.12 |
| Debt / equity | 1.01 | 1.12 | 1.07 | 1.10 | 1.35 | 2.05 | 0.65 | 1.24 | 1.33 | 1.80 |
| Equity / assets | 33.3% | 30.9% | 33.8% | 31.5% | 28.2% | 23.0% | 36.9% | 24.0% | 24.6% | 19.7% |
| 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 | $779.3M | $977.8M | $812.0M | $848.8M | $707.5M | $736.7M | $574.4M | $690.0M | $577.1M | $641.4M | $516.7M | $398.8M |
| Cash & equivalents | $641.4M | $849.3M | $716.6M | $757.9M | $612.8M | $653.6M | $574.4M | $690.0M | $577.1M | $641.4M | $516.7M | $398.8M |
| Short-term investments | $137.9M | $128.5M | $95.4M | $90.9M | $94.7M | $83.1M | — | $0 | — | — | — | $0 |
| Receivables | $745.2M | $586.2M | $728.9M | $774.7M | $722.9M | $617.5M | $654.9M | $710.0M | $679.5M | $581.8M | $661.6M | $752.7M |
| Inventory | $1.25B | $1.16B | $1.12B | $1.24B | $1.29B | $1.25B | $1.07B | $1.13B | $1.28B | $1.22B | $1.15B | $1.29B |
| Other current assets | $463.7M | $245.3M | $248.0M | $292.5M | $290.1M | $326.0M | $349.0M | $319.8M | $213.7M | $206.8M | $196.1M | $196.0M |
| Total current assets | $3.24B | $2.97B | $2.91B | $3.15B | $3.01B | $2.93B | $2.65B | $2.85B | $2.75B | $2.65B | $2.52B | $2.64B |
| Property, plant & equipment (net) | $1.83B | $1.80B | $1.82B | $1.83B | $1.81B | $1.75B | $1.72B | $1.75B | $1.80B | $1.75B | $1.70B | $1.71B |
| Goodwill & intangible assets | $477.9M | $474.8M | $476.0M | $475.0M | $473.5M | $473.9M | $472.5M | $474.2M | $479.2M | $593.0M | $562.3M | $571.3M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.38B | $1.38B | $1.37B | $1.39B | $1.37B | $1.38B | $1.36B | $1.30B | $1.23B | $1.19B | $1.18B | $1.13B |
| Total assets | $6.93B | $6.63B | $6.57B | $6.85B | $6.66B | $6.53B | $6.20B | $6.38B | $6.25B | $6.19B | $5.96B | $6.05B |
| Liabilities | ||||||||||||
| Accounts payable | $684.8M | $598.5M | $487.6M | $597.6M | $621.4M | $683.5M | $556.9M | $663.4M | $667.8M | $623.1M | $497.6M | $567.9M |
| Short-term debt | $275.8M | $268.3M | — | $260.7M | $522.2M | $260.8M | $254.0M | $258.8M | $261.0M | $248.4M | $249.9M | $258.0M |
| Deferred revenue | — | — | — | — | — | — | — | — | $389.0M | $36.9M | $50.2M | $952.2M |
| Total current liabilities | $1.99B | $1.85B | $1.85B | $2.03B | $1.98B | $1.98B | $1.77B | $2.01B | $1.95B | $1.87B | $1.77B | $1.79B |
| Long-term debt | $0 | $1.04B | $1.05B | $1.04B | $1.04B | $1.03B | $987.4M | $994.0M | $1.02B | $1.01B | $1.01B | $1.01B |
| Lease obligations | — | $1.25B | $1.27B | $1.27B | $1.25B | $1.21B | $1.16B | $1.21B | $1.22B | $1.18B | $1.14B | $1.16B |
| Other long-term liabilities | $2.52B | $1.21B | $1.47B | $1.50B | $1.47B | $1.43B | $1.41B | $1.40B | $1.41B | $1.36B | $1.21B | $1.21B |
| Total liabilities | $4.51B | $4.36B | $4.37B | $4.57B | $4.49B | $4.44B | $4.16B | $4.41B | $4.38B | $4.23B | $3.99B | $4.01B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $400,000 | $400,000 | $400,000 | $400,000 | $400,000 | $400,000 | $400,000 | $400,000 | $400,000 | $400,000 | $400,000 | $400,000 |
| Retained earnings (deficit) | $1.96B | $1.90B | $1.86B | $1.90B | $1.81B | $1.74B | $1.73B | $1.67B | $1.57B | $1.62B | $1.67B | $1.75B |
| Accumulated other comprehensive income | −$361.4M | −$379.7M | −$386.7M | −$407.2M | −$405.3M | −$413.1M | −$427.2M | −$434.5M | −$418.5M | −$374.7M | −$383.3M | −$390.9M |
| Total shareholders' equity | $2.42B | $2.27B | $2.21B | $2.28B | $2.16B | $2.09B | $2.03B | $1.97B | $1.87B | $1.95B | $1.98B | $2.05B |
| Key figures | ||||||||||||
| Total debt | $2.33B | $2.30B | $1.05B | $2.31B | $2.55B | $2.25B | $2.16B | $2.21B | $2.25B | $2.19B | $2.15B | $2.18B |
| Net cash (debt) | −$1.55B | −$1.32B | −$237.4M | −$1.46B | −$1.84B | −$1.51B | −$1.58B | −$1.52B | −$1.67B | −$1.55B | −$1.64B | −$1.78B |
| Working capital | $1.25B | $1.11B | $1.06B | $1.12B | $1.03B | $949.3M | $882.9M | $840.6M | $799.4M | $780.9M | $754.4M | $850.1M |
| Tangible book value | $1.94B | $1.80B | $1.73B | $1.80B | $1.69B | $1.62B | $1.56B | $1.50B | $1.39B | $1.36B | $1.41B | $1.48B |
| Book value per share | $6.18 | $5.83 | $5.60 | $5.74 | $5.41 | $5.24 | $5.09 | $4.90 | $4.65 | $4.85 | $4.95 | $5.10 |
| Shares outstanding | 390.6M | 389.6M | 394.2M | 397.2M | 399.5M | 399.0M | 400.0M | 402.4M | 402.4M | 402.9M | 398.9M | 401.6M |
| Current ratio | 1.63 | 1.60 | 1.58 | 1.55 | 1.52 | 1.48 | 1.50 | 1.42 | 1.41 | 1.42 | 1.43 | 1.48 |
| Quick ratio | 0.77 | 0.84 | 0.84 | 0.80 | 0.72 | 0.68 | 0.70 | 0.70 | 0.65 | 0.65 | 0.67 | 0.64 |
| Debt / equity | 0.97 | 1.01 | 0.48 | 1.01 | 1.18 | 1.07 | 1.06 | 1.12 | 1.20 | 1.12 | 1.09 | 1.07 |
| Equity / assets | 34.9% | 34.3% | 33.6% | 33.3% | 32.5% | 32.0% | 32.8% | 30.9% | 30.0% | 31.6% | 33.1% | 33.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed January 28, 2026); data from EODHD.
LEVI financial position
At the end of fiscal 2025 (November 30, 2025), Levi Strauss had total assets of $6.8 billion (up 7.4% from a year earlier), total liabilities of $4.6 billion and shareholders' equity of $2.3 billion. It held $848.8 million in cash and short-term investments against $2.3 billion of debt, net debt of $1.5 billion. Its current ratio was 1.55. In the latest quarter (ended August 31, 2026) total assets were $6.9 billion and equity $2.4 billion.
Related: LEVI income statement, LEVI cash flow statement, LEVI key metrics. See the LEVI stock overview for the latest quote and news.
LEVI balance sheet FAQ
What are Levi Strauss's total assets?
Levi Strauss reported total assets of $6.8 billion at the end of fiscal 2025 (November 30, 2025), compared with $6.4 billion a year earlier.
How much debt does Levi Strauss have?
Levi Strauss had $2.3 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.01.
How much cash does Levi Strauss have?
Levi Strauss held $848.8 million in cash and short-term investments at the end of fiscal 2025; with $2.3 billion of debt that is net debt of $1.5 billion.
What is Levi Strauss's book value?
Levi Strauss's shareholders' equity (book value) was $2.3 billion at the end of fiscal 2025, or $5.70 per share.
What is Levi Strauss's current ratio?
Levi Strauss had current assets of $3.2 billion and current liabilities of $2.0 billion, a current ratio of 1.55 (it can cover its short-term obligations).
How much goodwill does Levi Strauss have?
Levi Strauss carried $475.0 million of goodwill and intangible assets, 6.9% of total assets, at the end of fiscal 2025.