Limoneira Company (LMNR) Balance Sheet
LMNR balance sheet, FY2025
October 31, 2025 · U.S. dollars$318.2M assets = $127.4M liabilities + $190.8M equity
Both columns are drawn to the same scale: what LMNR owns equals what it owes plus shareholders’ equity. Hover a block for its value.
LMNR financial health
Descriptive bands, not a rating. Fiscal FY2025.
LMNR balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $305.4MFY2016 | $318.2MFY2025 | +0.5%/yr | |
| Total liabilities | $166.7MFY2016 | $127.4MFY2025 | −2.9%/yr | |
| Shareholders’ equity | $138.7MFY2016 | $171.5MFY2025 | +2.4%/yr | |
| Cash & short-term investments | $38,000FY2016 | $1.5MFY2025 | +50.5%/yr | |
| Total debt | $90.7MFY2016 | $74.5MFY2025 | −2.2%/yr | |
| Net cash (debt) | −$90.6MFY2016 | −$73.0MFY2025 | +$17.6M | |
| Working capital | −$5.3MFY2016 | $10.4MFY2025 | +$15.6M | |
| Book value per share | $9.79FY2016 | $9.62FY2025 | −0.2%/yr | |
| Current ratio | 0.78FY2016 | 1.35FY2025 | +0.57 | |
| Debt / equity | 0.65FY2016 | 0.43FY2025 | −0.22 | |
| Shares outstanding | 14.2MFY2016 | 17.8MFY2025 | +2.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LMNR assets
LMNR liabilities and equity
LMNR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
LMNR balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.5M | $3.0M | $3.6M | $857,000 | $439,000 | $501,000 | $616,000 | $609,000 | $492,000 | $38,000 |
| Cash & equivalents | $1.5M | $3.0M | $3.6M | $857,000 | $439,000 | $501,000 | $616,000 | $609,000 | $492,000 | $38,000 |
| Short-term investments | — | — | $7.7M | $17.0M | — | $61.2M | — | $5.0M | $4.7M | $4.3M |
| Receivables | $20.3M | $17.4M | $17.7M | $20.0M | $17.5M | $16.3M | $19.3M | $17.3M | $11.5M | $12.1M |
| Inventory | $0 | $0 | $4.8M | $12.8M | $10.0M | $10.7M | $11.6M | $7.7M | $4.1M | $3.8M |
| Other current assets | $18.6M | $5.4M | $4.1M | $3.9M | $14.1M | $15.1M | $3.6M | $5.4M | $7.0M | $2.5M |
| Total current assets | $40.5M | $25.8M | $30.2M | $37.5M | $42.1M | $42.5M | $35.1M | $31.0M | $23.1M | $18.5M |
| Property, plant & equipment (net) | $172.6M | $165.2M | $165.3M | $222.6M | $242.4M | $242.6M | $248.1M | $225.7M | $188.2M | $177.1M |
| Goodwill & intangible assets | $4.1M | $6.7M | $8.2M | $8.8M | $9.9M | $12.8M | $14.2M | $7.7M | $3.8M | $2.6M |
| Long-term investments | $79.5M | $94.0M | $78.8M | $72.9M | $64.1M | $61.2M | $75.6M | $42.9M | $36.2M | $24.0M |
| Other non-current assets | $21.5M | $7.0M | $18.7M | $26.7M | $33.8M | $30.4M | $26.9M | $114.0M | $87.8M | $83.3M |
| Total assets | $318.2M | $298.8M | $301.2M | $368.5M | $392.3M | $389.6M | $399.9M | $421.3M | $339.0M | $305.4M |
| Liabilities | ||||||||||
| Accounts payable | $14.8M | $16.2M | $19.5M | $21.4M | $19.3M | $15.3M | $20.4M | $17.4M | $14.5M | $13.6M |
| Short-term debt | $902,000 | $2.9M | $2.5M | $3.9M | $3.2M | $4.2M | $3.2M | $3.1M | $3.0M | $2.5M |
| Deferred revenue | — | — | $3.6M | $23.5M | — | $22.4M | — | $497,000 | $636,000 | $633,000 |
| Total current liabilities | $30.1M | $34.8M | $33.4M | $39.3M | $35.3M | $31.5M | $31.7M | $27.1M | $23.6M | $23.8M |
| Long-term debt | $72.5M | $40.0M | $40.6M | $104.1M | $130.4M | $122.6M | $105.9M | $77.0M | $102.1M | $88.2M |
| Lease obligations | $871,000 | $3.1M | $4.5M | $7.1M | $604,000 | $959,000 | — | — | — | — |
| Other long-term liabilities | $24.8M | $21.5M | $26.7M | $33.3M | $27.4M | $29.0M | $29.8M | $87.3M | $65.7M | $54.8M |
| Total liabilities | $127.4M | $96.3M | $100.7M | $176.7M | $193.0M | $183.0M | $167.4M | $191.4M | $191.4M | $166.7M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $180,000 | $180,000 | $179,000 | $177,000 | $179,000 | $179,000 | $178,000 | $176,000 | $144,000 | $142,000 |
| Retained earnings (deficit) | −$1.1M | $20.8M | $19.0M | $15.5M | $21.6M | $30.8M | $53.1M | $50.4M | $34.7M | $31.8M |
| Treasury stock | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Accumulated other comprehensive income | −$6.3M | −$6.6M | −$5.7M | −$7.9M | −$5.7M | −$7.5M | −$7.3M | $9.0M | $7.1M | $2.7M |
| Minority interest | $19.3M | $10.5M | $11.2M | $11.6M | $12.0M | $13.7M | $15.4M | $0 | $0 | $0 |
| Total shareholders' equity | $171.5M | $192.0M | $189.3M | $180.3M | $187.3M | $192.8M | $217.1M | $229.4M | $147.0M | $138.7M |
| Key figures | ||||||||||
| Total debt | $74.5M | $43.7M | $45.5M | $105.8M | $132.8M | $125.8M | $108.9M | $80.1M | $105.1M | $90.7M |
| Net cash (debt) | −$73.0M | −$40.7M | −$41.8M | −$105.0M | −$132.4M | −$125.3M | −$108.3M | −$79.5M | −$104.6M | −$90.6M |
| Working capital | $10.4M | −$9.0M | −$3.1M | −$1.7M | $6.8M | $11.1M | $3.4M | $4.0M | −$494,000 | −$5.3M |
| Tangible book value | $167.4M | $185.2M | $181.1M | $171.4M | $177.4M | $180.0M | $202.8M | $221.7M | $143.3M | $136.2M |
| Book value per share | $9.62 | $10.84 | $10.75 | $10.29 | $10.67 | $10.92 | $12.35 | $14.15 | $10.27 | $9.79 |
| Shares outstanding | 17.8M | 17.7M | 17.6M | 17.5M | 17.6M | 17.7M | 17.6M | 16.2M | 14.3M | 14.2M |
| Current ratio | 1.35 | 0.74 | 0.91 | 0.96 | 1.19 | 1.35 | 1.11 | 1.15 | 0.98 | 0.78 |
| Quick ratio | 0.73 | 0.59 | 0.64 | 0.53 | 0.51 | 0.53 | 0.63 | 0.66 | 0.51 | 0.51 |
| Debt / equity | 0.43 | 0.23 | 0.24 | 0.59 | 0.71 | 0.65 | 0.50 | 0.35 | 0.71 | 0.65 |
| Equity / assets | 53.9% | 64.2% | 62.8% | 48.9% | 47.7% | 49.5% | 54.3% | 54.4% | 43.4% | 45.4% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $2.2M | $891,000 | $1.3M | $1.5M | $1.5M | $2.1M | $1.1M | $3.0M | $1.1M | $1.4M | $527,000 | $3.6M |
| Cash & equivalents | $2.2M | $891,000 | $1.3M | $1.5M | $1.5M | $2.1M | $1.1M | $3.0M | $1.1M | $1.4M | $527,000 | $3.6M |
| Receivables | $17.9M | $14.5M | $19.6M | $15.4M | $20.3M | $20.1M | $20.1M | $17.4M | $25.7M | $25.6M | $21.1M | $20.0M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.2M | $6.6M | $5.4M | $4.8M |
| Other current assets | $19.2M | $26.0M | $5.1M | $23.5M | $18.6M | $7.7M | $7.3M | $5.4M | $4.5M | $1.2M | $1.6M | $1.8M |
| Total current assets | $39.3M | $41.4M | $26.0M | $40.5M | $40.5M | $29.8M | $28.5M | $25.8M | $35.5M | $34.8M | $28.6M | $30.2M |
| Property, plant & equipment (net) | $142.5M | $146.9M | $175.8M | $172.6M | $172.6M | $165.1M | $163.9M | $165.2M | $161.6M | $164.0M | $163.6M | $160.6M |
| Goodwill & intangible assets | $3.6M | $3.7M | $3.8M | $4.1M | $4.1M | $6.2M | $6.3M | $6.7M | $6.9M | $7.7M | $7.9M | $8.2M |
| Long-term investments | $83.0M | $81.8M | $80.7M | $79.5M | $74.3M | $85.2M | $92.4M | $94.0M | $80.4M | $95.7M | $79.1M | $78.8M |
| Other non-current assets | $31.0M | $20.1M | $21.2M | $14.4M | $26.6M | $10.3M | $10.3M | $7.0M | $22.9M | $20.0M | $20.4M | $23.4M |
| Total assets | $299.4M | $293.8M | $307.5M | $311.1M | $318.2M | $296.6M | $301.4M | $298.8M | $307.3M | $322.2M | $299.6M | $301.2M |
| Liabilities | ||||||||||||
| Accounts payable | $12.7M | $11.5M | $9.0M | $14.8M | $14.8M | $15.4M | $12.1M | $16.2M | $18.9M | $20.5M | $17.1M | $19.5M |
| Short-term debt | $3.4M | $2.2M | $835,000 | — | $902,000 | $1.7M | $2.0M | $2.9M | $2.8M | $2.9M | $2.9M | $2.5M |
| Deferred revenue | — | — | — | — | — | — | — | — | $2.5M | $761,000 | — | −$9.6M |
| Total current liabilities | $26.1M | $24.7M | $22.4M | $30.1M | $30.1M | $28.5M | $27.2M | $34.8M | $38.2M | $37.5M | $31.0M | $33.4M |
| Long-term debt | $100.7M | $93.7M | $89.9M | $72.5M | $63.3M | $54.9M | $57.9M | $40.0M | $40.0M | $59.5M | $51.4M | $40.6M |
| Lease obligations | $2.5M | $1.7M | $810,000 | $871,000 | $1.3M | $1.7M | $1.9M | $3.1M | $3.5M | $3.9M | $4.3M | $4.5M |
| Other long-term liabilities | $11.4M | $11.7M | $14.6M | $17.8M | $34.0M | $19.7M | $18.9M | $21.5M | $23.4M | $25.4M | $22.2M | $26.7M |
| Total liabilities | $138.2M | $130.1M | $126.9M | $120.3M | $127.4M | $103.2M | $104.0M | $96.3M | $101.6M | $122.4M | $104.6M | $100.7M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $181,000 | $181,000 | $181,000 | — | $180,000 | $181,000 | $180,000 | $180,000 | $181,000 | $180,000 | $180,000 | $179,000 |
| Retained earnings (deficit) | −$36.4M | −$33.4M | −$12.0M | −$1.1M | −$1.1M | $11.4M | $16.3M | $20.8M | $24.2M | $19.1M | $14.0M | $19.0M |
| Accumulated other comprehensive income | −$309,000 | −$309,000 | −$5.5M | — | −$6.3M | −$6.4M | −$6.9M | −$6.6M | −$6.4M | −$6.4M | −$6.1M | −$5.7M |
| Minority interest | $18.4M | $18.4M | $19.3M | $19.3M | $10.4M | — | — | — | — | — | — | — |
| Total shareholders' equity | $142.8M | $145.4M | $161.3M | $171.5M | $171.5M | $183.0M | $186.8M | $192.0M | $195.0M | $188.7M | $183.9M | $189.3M |
| Key figures | ||||||||||||
| Total debt | $109.0M | $99.8M | $91.9M | $72.5M | $74.5M | $58.1M | $59.9M | $43.7M | $44.1M | $64.0M | $56.4M | $41.0M |
| Net cash (debt) | −$106.8M | −$98.9M | −$90.6M | −$70.9M | −$73.0M | −$56.0M | −$58.8M | −$40.7M | −$43.0M | −$62.6M | −$55.8M | −$37.4M |
| Working capital | $13.2M | $16.7M | $3.6M | $10.4M | $10.4M | $1.3M | $1.3M | −$9.0M | −$2.7M | −$2.7M | −$2.4M | −$3.1M |
| Tangible book value | $139.2M | $141.7M | $157.5M | $167.4M | $167.4M | $176.7M | $180.5M | $185.2M | $188.1M | $181.0M | $176.0M | $181.1M |
| Book value per share | $7.95 | $8.11 | $9.01 | $9.51 | $9.60 | $10.26 | $10.50 | $10.84 | $10.62 | $10.28 | $10.44 | $10.74 |
| Shares outstanding | 18.0M | 17.9M | 17.9M | 18.0M | 17.9M | 17.8M | 17.8M | 17.7M | 18.4M | 18.4M | 17.6M | 17.6M |
| Current ratio | 1.51 | 1.68 | 1.16 | 1.35 | 1.35 | 1.05 | 1.05 | 0.74 | 0.93 | 0.93 | 0.92 | 0.91 |
| Quick ratio | 0.77 | 0.62 | 0.93 | 0.56 | 0.73 | 0.78 | 0.78 | 0.59 | 0.70 | 0.72 | 0.70 | 0.71 |
| Debt / equity | 0.76 | 0.69 | 0.57 | 0.42 | 0.43 | 0.32 | 0.32 | 0.23 | 0.23 | 0.34 | 0.31 | 0.22 |
| Equity / assets | 47.7% | 49.5% | 52.5% | 55.1% | 53.9% | 61.7% | 62.0% | 64.2% | 63.5% | 58.6% | 61.4% | 62.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed September 9, 2025); data from EODHD.
LMNR financial position
At the end of fiscal 2025 (October 31, 2025), Limoneira had total assets of $318.2 million (up 6.5% from a year earlier), total liabilities of $127.4 million and shareholders' equity of $171.5 million. It held $1.5 million in cash and short-term investments against $74.5 million of debt, net debt of $73.0 million. Its current ratio was 1.35. In the latest quarter (ended July 31, 2026) total assets were $299.4 million and equity $142.8 million.
Related: LMNR income statement, LMNR cash flow statement, LMNR key metrics. See the LMNR stock overview for the latest quote and news.
LMNR balance sheet FAQ
What are Limoneira's total assets?
Limoneira reported total assets of $318.2 million at the end of fiscal 2025 (October 31, 2025), compared with $298.8 million a year earlier.
How much debt does Limoneira have?
Limoneira had $74.5 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.43.
How much cash does Limoneira have?
Limoneira held $1.5 million in cash and short-term investments at the end of fiscal 2025; with $74.5 million of debt that is net debt of $73.0 million.
What is Limoneira's book value?
Limoneira's shareholders' equity (book value) was $171.5 million at the end of fiscal 2025, or $9.62 per share.
What is Limoneira's current ratio?
Limoneira had current assets of $40.5 million and current liabilities of $30.1 million, a current ratio of 1.35 (it can cover its short-term obligations).
How much goodwill does Limoneira have?
Limoneira carried $4.1 million of goodwill and intangible assets, 1.3% of total assets, at the end of fiscal 2025.