Life Time Group Holdings, Inc. (LTH) Balance Sheet
LTH balance sheet, 2025
December 31, 2025 · U.S. dollars$8.79B assets = $5.66B liabilities + $3.13B equity
Both columns are drawn to the same scale: what LTH owns equals what it owes plus shareholders’ equity. Hover a block for its value.
LTH financial health
Descriptive bands, not a rating. Fiscal 2025.
LTH balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $6.18B2019 | $8.79B2025 | +6.1%/yr | |
| Total liabilities | $4.43B2019 | $5.66B2025 | +4.2%/yr | |
| Shareholders’ equity | $1.75B2019 | $3.13B2025 | +10.2%/yr | |
| Cash & short-term investments | $48.0M2019 | $232.2M2025 | +30.1%/yr | |
| Total debt | $3.78B2019 | $6.75B2025 | +10.2%/yr | |
| Net cash (debt) | −$3.73B2019 | −$6.52B2025 | −$2.8B | |
| Working capital | −$180.8M2019 | −$223.8M2025 | −$42.9M | |
| Book value per share | $9.142019 | $13.862025 | +7.2%/yr | |
| Current ratio | 0.542019 | 0.632025 | +0.09 | |
| Debt / equity | 2.162019 | 2.162025 | 0.00 | |
| Shares outstanding | 191.5M2019 | 225.5M2025 | +2.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LTH assets
LTH liabilities and equity
LTH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
LTH balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $232.2M | $10.9M | $30.0M | $25.5M | $31.6M | $33.2M | $48.0M |
| Cash & equivalents | $232.2M | $10.9M | $30.0M | $25.5M | $31.6M | $33.2M | $48.0M |
| Short-term investments | $397,000 | — | — | — | — | — | — |
| Receivables | $36.3M | $38.5M | $59.3M | $23.0M | $24.9M | $21.4M | $58.4M |
| Inventory | $67.6M | $60.3M | $52.8M | $45.7M | $41.0M | $36.3M | $44.3M |
| Other current assets | $49.6M | $61.3M | $32.5M | $36.9M | $33.9M | $74.8M | $60.2M |
| Total current assets | $385.8M | $171.0M | $174.5M | $131.0M | $131.5M | $165.7M | $210.8M |
| Property, plant & equipment (net) | $6.13B | $5.51B | $5.37B | $5.02B | $4.66B | $4.40B | $4.51B |
| Goodwill & intangible assets | $1.42B | $1.41B | $1.41B | $1.41B | $1.41B | $1.40B | $1.40B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $862.4M | $67.6M | $75.9M | $69.7M | $61.7M | $53.0M | $57.7M |
| Total assets | $8.79B | $7.15B | $7.03B | $6.63B | $6.26B | $6.02B | $6.18B |
| Liabilities | |||||||
| Accounts payable | $233.8M | $87.8M | $81.3M | $74.0M | $71.3M | $54.1M | $54.0M |
| Short-term debt | $113.2M | $93.0M | $132.6M | $67.1M | $71.2M | $190.3M | $59.0M |
| Deferred revenue | $60.3M | $58.3M | $49.3M | $36.9M | $33.9M | $42.3M | $44.8M |
| Total current liabilities | $609.5M | $520.1M | $557.2M | $457.4M | $406.3M | $443.1M | $391.6M |
| Long-term debt | $1.53B | $1.54B | $1.88B | $1.83B | $1.78B | $2.13B | $2.22B |
| Lease obligations | $2.65B | $2.45B | $2.33B | $2.22B | $1.96B | $1.79B | $1.52B |
| Other long-term liabilities | $3.53B | $2.48B | $2.34B | $2.22B | $1.98B | $1.96B | $1.81B |
| Total liabilities | $5.66B | $4.54B | $4.78B | $4.50B | $4.17B | $4.54B | $4.43B |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $2.2M | $2.1M | $2.0M | $1.9M | $1.9M | $1.5M | $1.4M |
| Retained earnings (deficit) | −$46.9M | −$420.6M | −$576.8M | −$652.9M | −$651.1M | −$71.7M | $288.5M |
| Accumulated other comprehensive income | −$12.1M | −$12.8M | −$6.9M | −$9.2M | −$3.0M | −$3.2M | −$4.7M |
| Total shareholders' equity | $3.13B | $2.61B | $2.25B | $2.12B | $2.09B | $1.48B | $1.75B |
| Key figures | |||||||
| Total debt | $6.75B | $3.99B | $4.26B | $4.04B | $3.76B | $4.06B | $3.78B |
| Net cash (debt) | −$6.52B | −$3.98B | −$4.23B | −$4.01B | −$3.73B | −$4.03B | −$3.73B |
| Working capital | −$223.8M | −$349.1M | −$382.7M | −$326.4M | −$274.7M | −$277.4M | −$180.8M |
| Tangible book value | $1.71B | $1.20B | $846.6M | $717.7M | $684.0M | $83.8M | $348.8M |
| Book value per share | $13.86 | $12.36 | $11.05 | $10.97 | $10.83 | $7.74 | $9.14 |
| Shares outstanding | 225.5M | 211.2M | 204.0M | 193.6M | 193.1M | 191.5M | 191.5M |
| Current ratio | 0.63 | 0.33 | 0.31 | 0.29 | 0.32 | 0.37 | 0.54 |
| Quick ratio | 0.44 | 0.09 | 0.16 | 0.11 | 0.14 | 0.12 | 0.27 |
| Debt / equity | 2.16 | 1.53 | 1.89 | 1.90 | 1.80 | 2.74 | 2.16 |
| Equity / assets | 35.6% | 36.5% | 32.1% | 32.1% | 33.4% | 24.6% | 28.3% |
| 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 | $223.6M | $150.2M | $232.2M | $241.4M | $175.5M | $59.0M | $10.9M | $120.9M | $49.4M | $36.7M | $30.0M | $25.4M |
| Cash & equivalents | $223.6M | $150.2M | $232.2M | $241.4M | $175.5M | $59.0M | $10.9M | $120.9M | $49.4M | $36.7M | $30.0M | $25.4M |
| Short-term investments | — | — | $397,000 | $2.6M | $4.8M | — | — | $16.1M | — | — | — | — |
| Receivables | $26.3M | $30.9M | $36.3M | $57.1M | $53.4M | $33.2M | $38.5M | $44.3M | $51.7M | $53.1M | $59.3M | $42.8M |
| Inventory | $66.7M | $67.0M | $67.6M | $70.7M | $66.2M | $62.5M | $60.3M | $59.2M | $54.5M | $53.1M | $52.8M | $48.6M |
| Other current assets | $119.4M | $74.9M | $49.6M | $41.1M | $72.9M | $69.2M | $61.3M | $44.7M | $40.4M | $48.5M | $32.5M | $36.5M |
| Total current assets | $436.1M | $323.0M | $385.8M | $410.3M | $368.0M | $223.8M | $171.0M | $269.2M | $196.1M | $191.5M | $174.5M | $153.3M |
| Property, plant & equipment (net) | $6.41B | $6.27B | $6.13B | $5.91B | $5.74B | $5.61B | $5.51B | $5.43B | $5.44B | $5.42B | $5.37B | $5.26B |
| Goodwill & intangible assets | $1.42B | $1.42B | $1.42B | $1.42B | $1.41B | $1.41B | $1.41B | $1.41B | $1.41B | $1.41B | $1.41B | $1.41B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $97.6M | $94.5M | $862.4M | $94.4M | $86.2M | $77.3M | $67.6M | $72.8M | $76.2M | $76.7M | $75.9M | $73.6M |
| Total assets | $8.36B | $8.11B | $8.79B | $7.83B | $7.60B | $7.31B | $7.15B | $7.18B | $7.12B | $7.09B | $7.03B | $6.90B |
| Liabilities | ||||||||||||
| Accounts payable | $267.6M | $217.0M | $233.8M | $226.2M | $90.4M | $84.1M | $87.8M | $70.6M | $78.2M | $69.1M | $81.3M | $76.1M |
| Short-term debt | $115.0M | $114.5M | $113.2M | $102.2M | $98.2M | $95.9M | $93.0M | $79.5M | $74.8M | $84.0M | $132.6M | $120.4M |
| Deferred revenue | $58.0M | $63.2M | $60.3M | $55.8M | $60.9M | $63.0M | $58.3M | $48.8M | $51.9M | $53.2M | $49.3M | $39.4M |
| Total current liabilities | $663.6M | $608.7M | $609.5M | $613.4M | $568.7M | $522.6M | $520.1M | $456.7M | $441.6M | $449.5M | $557.2M | $523.2M |
| Long-term debt | $1.47B | $1.48B | $1.53B | $1.49B | $1.49B | $1.50B | $1.54B | $1.64B | $1.83B | $1.99B | $1.86B | $1.82B |
| Lease obligations | $2.78B | $2.65B | $2.65B | $2.61B | $2.57B | $2.49B | $2.45B | $2.47B | $2.44B | $2.32B | $2.33B | $2.30B |
| Other long-term liabilities | $2.93B | $2.80B | $3.53B | $2.74B | $2.67B | $2.56B | $2.48B | $2.52B | $2.48B | $2.35B | $2.36B | $2.34B |
| Total liabilities | $5.06B | $4.89B | $5.66B | $4.84B | $4.73B | $4.58B | $4.54B | $4.62B | $4.76B | $4.79B | $4.78B | $4.68B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.1M | $2.1M | $2.0M | $2.0M | $2.0M | $2.0M |
| Retained earnings (deficit) | $142.6M | $41.2M | −$46.9M | −$169.9M | −$272.3M | −$344.4M | −$420.6M | −$457.7M | −$499.1M | −$551.9M | −$576.8M | −$600.5M |
| Accumulated other comprehensive income | −$6.2M | −$8.7M | −$12.1M | −$11.9M | −$9.3M | −$12.7M | −$12.8M | −$8.0M | −$9.2M | −$8.6M | −$6.9M | −$9.5M |
| Total shareholders' equity | $3.30B | $3.22B | $3.13B | $2.99B | $2.87B | $2.73B | $2.61B | $2.56B | $2.37B | $2.30B | $2.25B | $2.22B |
| Key figures | ||||||||||||
| Total debt | $4.26B | $4.16B | $6.75B | $4.13B | $4.09B | $4.01B | $3.99B | $4.12B | $4.28B | $4.33B | $4.26B | $4.18B |
| Net cash (debt) | −$4.04B | −$4.00B | −$6.52B | −$3.88B | −$3.91B | −$3.95B | −$3.98B | −$4.00B | −$4.23B | −$4.29B | −$4.23B | −$4.16B |
| Working capital | −$227.5M | −$285.7M | −$223.8M | −$203.1M | −$200.6M | −$298.8M | −$349.1M | −$187.5M | −$245.5M | −$258.0M | −$382.7M | −$369.9M |
| Tangible book value | $1.89B | $1.80B | $1.71B | $1.57B | $1.46B | $1.33B | $1.20B | $1.15B | $959.9M | $895.1M | $846.6M | $809.1M |
| Book value per share | $14.52 | $14.15 | $13.79 | $13.21 | $12.72 | $12.23 | $11.85 | $11.94 | $11.49 | $11.36 | $11.08 | $10.85 |
| Shares outstanding | 227.4M | 227.5M | 226.7M | 226.0M | 225.5M | 223.6M | 220.3M | 214.6M | 206.0M | 202.8M | 203.4M | 204.3M |
| Current ratio | 0.66 | 0.53 | 0.63 | 0.67 | 0.65 | 0.43 | 0.33 | 0.59 | 0.44 | 0.43 | 0.31 | 0.29 |
| Quick ratio | 0.38 | 0.30 | 0.44 | 0.49 | 0.40 | 0.18 | 0.09 | 0.36 | 0.23 | 0.20 | 0.16 | 0.13 |
| Debt / equity | 1.29 | 1.29 | 2.16 | 1.38 | 1.42 | 1.47 | 1.53 | 1.61 | 1.81 | 1.88 | 1.89 | 1.89 |
| Equity / assets | 39.5% | 39.7% | 35.6% | 38.1% | 37.8% | 37.4% | 36.5% | 35.7% | 33.2% | 32.5% | 32.1% | 32.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 24, 2026); data from EODHD.
LTH financial position
At the end of fiscal 2025 (December 31, 2025), Life Time had total assets of $8.8 billion (up 22.9% from a year earlier), total liabilities of $5.7 billion and shareholders' equity of $3.1 billion. It held $232.2 million in cash and short-term investments against $6.7 billion of debt, net debt of $6.5 billion. Its current ratio was 0.63. In the latest quarter (ended June 30, 2026) total assets were $8.4 billion and equity $3.3 billion.
Related: LTH income statement, LTH cash flow statement, LTH key metrics. See the LTH stock overview for the latest quote and news.
LTH balance sheet FAQ
What are Life Time's total assets?
Life Time reported total assets of $8.8 billion at the end of fiscal 2025 (December 31, 2025), compared with $7.2 billion a year earlier.
How much debt does Life Time have?
Life Time had $6.7 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 2.16.
How much cash does Life Time have?
Life Time held $232.2 million in cash and short-term investments at the end of fiscal 2025; with $6.7 billion of debt that is net debt of $6.5 billion.
What is Life Time's book value?
Life Time's shareholders' equity (book value) was $3.1 billion at the end of fiscal 2025, or $13.86 per share.
What is Life Time's current ratio?
Life Time had current assets of $385.8 million and current liabilities of $609.5 million, a current ratio of 0.63 (current liabilities exceed current assets).
How much goodwill does Life Time have?
Life Time carried $1.4 billion of goodwill and intangible assets, 16.1% of total assets, at the end of fiscal 2025.