Lineage, Inc. (LINE) Balance Sheet

NASDAQ: LINEAssets, liabilities, debt and equity over 10 years.

LINE balance sheet, 2025

December 31, 2025 · U.S. dollars

$19.18B assets = $9.94B liabilities + $9.24B equity

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

LINE financial health

Current ratio0.80

Tight · current assets cover current liabilities 0.80×

Debt / equity1.05

Moderate leverage · $1.05 of debt for each $1 of equity

Equity / assets43.0%

Equity-funded · of assets funded by shareholders

Cash / debt0.8%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles23.7%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

LINE balance sheet trends, 2014–2025

Lineage, Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$16.42B2014	$19.18B2025	+1.7%/yr
Total liabilities	$11.88B2014	$9.94B2025	−2.0%/yr
Shareholders’ equity	$4.54B2014	$8.25B2025	+6.8%/yr
Cash & short-term investments	$1.08B2014	$66.0M2025	−26.7%/yr
Total debt	$500.0M2014	$8.66B2025	+37.3%/yr
Net cash (debt)	$579.0M2014	−$8.59B2025	−$9.2B
Working capital	$724.0M2014	−$309.0M2025	−$1.0B
Book value per share	$13.812014	$36.172025	+11.3%/yr
Current ratio	1.742014	0.802025	−0.94
Debt / equity	0.112014	1.052025	+0.94
Shares outstanding	328.9M2014	228.0M2025	−4.0%/yr

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

LINE assets

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

LINE liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

LINE debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

LINE balance sheet

Lineage, Inc. annual balance sheet
	2025	2024	2023	2022	2021	2018	2017	2016	2015	2014
Assets
Cash & short-term investments	$66.0M	$173.0M	$68.0M	$170.6M	$209.1M	$89.1M	$474.1M	$694.9M	$1.22B	$1.08B
Cash & equivalents	$66.0M	$173.0M	$68.0M	$170.6M	$209.1M	$6.9M	$464.5M	$694.9M	$2.2M	$1.8M
Short-term investments	—	—	−$200,000	—	—	$82.2M	$9.6M	—	$1.22B	$1.08B
Receivables	$896.0M	$826.0M	$913.0M	$935.7M	$692.9M	$55.6M	$140.5M	$198.1M	$216.6M	$471.7M
Inventory	$145.0M	$187.0M	$171.0M	$156.8M	$144.5M	$0	$0	$0	$0	$0
Other current assets	$132.0M	$99.0M	$104.0M	$135.9M	$196.2M	$178.7M	$243.2M	$107.6M	$119.9M	$156.0M
Total current assets	$1.24B	$1.28B	$1.26B	$1.40B	$1.24B	$323.3M	$857.8M	$1.00B	$1.56B	$1.71B
Property, plant & equipment (net)	$13.05B	$12.51B	$12.54B	$12.07B	$10.79B	$2.40B	$900.5M	$3.23B	$7.02B	$13.20B
Goodwill & intangible assets	$4.56B	$4.46B	$4.67B	$4.64B	$4.14B	$0	$0	$0	$0	$0
Long-term investments	$131.0M	$124.0M	$112.5M	$83.9M	$72.2M	$0	$0	$0	$0	$0
Other non-current assets	$204.0M	$279.0M	$290.5M	$371.7M	$175.8M	$28.3M	$1.12B	$426.7M	$1.39B	$1.52B
Total assets	$19.18B	$18.66B	$18.87B	$18.56B	$16.42B	$2.75B	$2.88B	$4.66B	$9.98B	$16.42B
Liabilities
Accounts payable	$1.10B	$1.22B	$1.14B	$1.08B	$812.4M	$49.7M	$254.0M	$295.1M	$455.4M	$814.8M
Short-term debt	$136.0M	$56.0M	$24.0M	$36.4M	$19.5M	$514.6M	$7.5M	$1.94B	$3.72B	—
Deferred revenue	$81.0M	$83.0M	$94.0M	$91.8M	$67.2M	—	$198.4M	$16.8M	$35.0M	—
Total current liabilities	$1.55B	$1.49B	$1.36B	$1.22B	$1.05B	$365.5M	$366.0M	$2.34B	$4.29B	$982.5M
Long-term debt	$6.11B	$4.91B	$8.96B	$8.70B	$7.57B	$0	$0	$0	$0	$0
Lease obligations	$1.88B	$1.92B	$2.00B	$1.96B	$2.02B	—	—	—	—	—
Other long-term liabilities	$2.29B	$2.57B	$2.53B	$2.53B	$2.53B	$872.4M	$160.7M	$399.8M	$5.95B	$10.90B
Total liabilities	$9.94B	$8.97B	$12.85B	$12.45B	$11.14B	$1.25B	$548.5M	$7.06B	$10.25B	$11.88B
Shareholders' equity
Common stock & paid-in capital	$2.0M	$2.0M	$2.0M	$1.6M	$1.5M	$153,000	$84,000	—	—	$5.40B
Retained earnings (deficit)	−$2.44B	−$1.85B	−$879.0M	−$712.8M	−$667.0M	−$151.5M	$432.9M	−$7.78B	−$5.61B	−$852.2M
Accumulated other comprehensive income	−$97.0M	−$273.0M	−$34.0M	−$37.4M	$9.5M	—	—	—	—	—
Minority interest	$997.0M	$1.06B	$971.0M	$938.7M	—	—	—	—	—	—
Total shareholders' equity	$8.25B	$8.64B	$5.05B	$5.17B	$4.34B	$1.50B	$2.33B	−$2.40B	−$268.9M	$4.54B
Key figures
Total debt	$8.66B	$6.88B	$11.05B	$10.69B	$9.60B	$1.03B	$254.0M	$2.23B	$9.04B	$500.0M
Net cash (debt)	−$8.59B	−$6.71B	−$10.98B	−$10.52B	−$9.40B	−$940.2M	$220.2M	−$1.54B	−$7.82B	$579.0M
Working capital	−$309.0M	−$208.0M	−$109.0M	$177.3M	$195.9M	−$42.2M	$491.8M	−$1.34B	−$2.73B	$724.0M
Tangible book value	$3.69B	$4.17B	$377.0M	$530.7M	$201.0M	$1.50B	$2.33B	−$2.40B	−$268.9M	$4.54B
Book value per share	$36.17	$45.23	$24.03	$24.51	$20.59	$9.82	$9.24	−$6.80	−$0.78	$13.81
Shares outstanding	228.0M	191.0M	210.2M	210.8M	210.8M	152.2M	252.4M	352.7M	343.3M	328.9M
Current ratio	0.80	0.86	0.92	1.15	1.19	0.88	2.34	0.43	0.36	1.74
Quick ratio	0.62	0.67	0.72	0.91	0.86	0.40	1.68	0.38	0.34	1.58
Debt / equity	1.05	0.80	2.19	2.07	2.21	0.69	0.11	—	—	0.11
Equity / assets	43.0%	46.3%	26.8%	27.8%	26.4%	54.4%	81.0%	−51.4%	−2.7%	27.7%

Lineage, Inc. 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
Assets
Cash & short-term investments	$58.0M	$67.0M	$66.0M	$75.0M	$81.0M	$195.0M	$173.0M	$409.0M	$73.0M	$91.2M	$68.0M
Cash & equivalents	$58.0M	$67.0M	$66.0M	$75.0M	$81.0M	$195.0M	$173.0M	$409.0M	$73.0M	$91.2M	$68.0M
Short-term investments	—	—	—	—	—	$2.0M	—	—	—	—	—
Receivables	$920.0M	$917.0M	$896.0M	$857.0M	$891.0M	$847.0M	$826.0M	$901.0M	$954.0M	$877.1M	$913.0M
Inventory	$122.0M	$137.0M	$145.0M	$167.0M	$174.0M	$175.0M	$187.0M	$175.0M	$172.0M	$167.9M	$171.0M
Other current assets	$141.0M	$142.0M	$132.0M	$183.0M	$202.0M	$173.0M	$99.0M	$114.0M	$140.0M	$115.8M	$104.0M
Total current assets	$1.24B	$1.26B	$1.24B	$1.28B	$1.35B	$1.39B	$1.28B	$1.60B	$1.34B	$1.25B	$1.26B
Property, plant & equipment (net)	$12.87B	$12.96B	$13.05B	$12.98B	$13.09B	$12.49B	$12.51B	$12.63B	$12.41B	$12.41B	$12.54B
Goodwill & intangible assets	$4.45B	$4.49B	$4.56B	$4.59B	$4.66B	$4.50B	$4.46B	$4.67B	$4.58B	$4.62B	$4.67B
Long-term investments	$134.0M	$135.0M	$131.0M	$131.0M	$133.0M	$128.0M	$124.0M	$120.0M	$123.0M	$115.0M	$112.5M
Other non-current assets	$208.0M	$198.0M	$204.0M	$213.0M	$217.0M	$262.0M	$279.0M	$243.0M	$300.0M	$322.9M	$290.5M
Total assets	$18.90B	$19.05B	$19.18B	$19.20B	$19.44B	$18.77B	$18.66B	$19.26B	$18.76B	$18.72B	$18.87B
Liabilities
Accounts payable	$1.37B	$993.0M	$1.10B	$834.0M	$1.16B	$1.13B	$1.22B	$1.28B	$1.09B	$1.04B	$1.14B
Short-term debt	$2.0M	$143.0M	$136.0M	$150.0M	$32.0M	$55.0M	$56.0M	$39.0M	$39.0M	$21.7M	$24.0M
Deferred revenue	$78.0M	$78.0M	$81.0M	$84.0M	$83.0M	$84.0M	$83.0M	$83.0M	$84.0M	$86.9M	$94.0M
Total current liabilities	$1.59B	$1.49B	$1.55B	$1.29B	$1.41B	$1.41B	$1.49B	$1.50B	$1.22B	$1.16B	$1.36B
Long-term debt	$6.22B	$6.26B	$6.11B	$5.92B	$5.74B	$5.13B	$4.91B	$4.96B	$9.30B	$5.18B	$8.96B
Lease obligations	$1.77B	$1.79B	$1.88B	$1.89B	$1.91B	$1.90B	$1.92B	$2.00B	$1.97B	$1.96B	$2.00B
Other long-term liabilities	$2.22B	$2.25B	$2.29B	$2.60B	$2.63B	$2.59B	$2.57B	$2.68B	$2.48B	$2.79B	$2.53B
Total liabilities	$10.03B	$9.99B	$9.94B	$9.81B	$9.78B	$9.12B	$8.97B	$9.13B	$13.00B	$9.13B	$12.85B
Shareholders' equity
Common stock & paid-in capital	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.2M	$2.0M
Retained earnings (deficit)	−$2.76B	−$2.61B	−$2.44B	−$2.33B	−$2.10B	−$1.98B	−$1.85B	−$1.66B	−$987.0M	−$1.60B	−$879.0M
Accumulated other comprehensive income	−$144.0M	−$122.0M	−$97.0M	−$115.0M	−$79.0M	−$231.0M	−$273.0M	−$58.0M	−$119.0M	−$98.6M	−$34.0M
Minority interest	$981.0M	$967.0M	$997.0M	$1.00B	$1.03B	—	—	—	—	—	—
Total shareholders' equity	$7.89B	$8.09B	$8.25B	$8.38B	$8.64B	$8.59B	$8.64B	$9.03B	$4.88B	$8.62B	$5.05B
Key figures
Total debt	$7.99B	$8.19B	$8.66B	$7.90B	$7.68B	$7.09B	$6.88B	$6.99B	$11.31B	$7.16B	$11.05B
Net cash (debt)	−$7.93B	−$8.13B	−$8.59B	−$7.82B	−$7.60B	−$6.89B	−$6.71B	−$6.58B	−$11.24B	−$7.07B	−$10.98B
Working capital	−$349.0M	−$227.0M	−$309.0M	−$9.0M	−$62.0M	−$15.0M	−$208.0M	$104.0M	$117.0M	$95.0M	−$109.0M
Tangible book value	$3.45B	$3.60B	$3.69B	$3.79B	$3.98B	$4.09B	$4.17B	$4.36B	$299.0M	$4.00B	$377.0M
Book value per share	$34.62	$35.63	$36.17	$36.77	$37.72	$37.66	$37.89	$42.98	$30.11	$40.91	$24.00
Shares outstanding	228.0M	227.0M	228.0M	228.0M	229.0M	228.0M	228.0M	210.0M	162.0M	210.8M	210.5M
Current ratio	0.78	0.85	0.80	0.99	0.96	0.99	0.86	1.07	1.10	1.08	0.92
Quick ratio	0.62	0.66	0.62	0.72	0.69	0.74	0.67	0.88	0.84	0.84	0.72
Debt / equity	1.01	1.01	1.05	0.94	0.89	0.83	0.80	0.77	2.32	0.83	2.19
Equity / assets	41.8%	42.5%	43.0%	43.7%	44.4%	45.7%	46.3%	46.9%	26.0%	46.1%	26.8%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 25, 2026); data from EODHD.

LINE financial position

At the end of fiscal 2025 (December 31, 2025), Lineage had total assets of $19.2 billion (up 2.8% from a year earlier), total liabilities of $9.9 billion and shareholders' equity of $8.2 billion. It held $66.0 million in cash and short-term investments against $8.7 billion of debt, net debt of $8.6 billion. Its current ratio was 0.80. In the latest quarter (ended June 30, 2026) total assets were $18.9 billion and equity $7.9 billion.

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

LINE balance sheet FAQ

What are Lineage's total assets?

Lineage reported total assets of $19.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $18.7 billion a year earlier.

How much debt does Lineage have?

Lineage had $8.7 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.05.

How much cash does Lineage have?

Lineage held $66.0 million in cash and short-term investments at the end of fiscal 2025; with $8.7 billion of debt that is net debt of $8.6 billion.

What is Lineage's book value?

Lineage's shareholders' equity (book value) was $8.2 billion at the end of fiscal 2025, or $36.17 per share.

What is Lineage's current ratio?

Lineage had current assets of $1.2 billion and current liabilities of $1.5 billion, a current ratio of 0.80 (current liabilities exceed current assets).

How much goodwill does Lineage have?

Lineage carried $4.6 billion of goodwill and intangible assets, 23.7% of total assets, at the end of fiscal 2025.