J.W. Mays, Inc. (MAYS) Balance Sheet
MAYS balance sheet, FY2025
July 31, 2025 · U.S. dollars$98.5M assets = $45.7M liabilities + $52.8M equity
Both columns are drawn to the same scale: what MAYS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MAYS financial health
Descriptive bands, not a rating. Fiscal FY2025.
MAYS balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $63.5MFY2016 | $98.5MFY2025 | +5.0%/yr | |
| Total liabilities | $15.6MFY2016 | $45.7MFY2025 | +12.7%/yr | |
| Shareholders’ equity | $48.0MFY2016 | $52.8MFY2025 | +1.1%/yr | |
| Cash & short-term investments | $7.3MFY2016 | $1.8MFY2025 | −14.6%/yr | |
| Total debt | $6.7MFY2016 | $27.3MFY2025 | +16.9%/yr | |
| Net cash (debt) | $584,585FY2016 | −$25.5MFY2025 | −$26.1M | |
| Working capital | $3.9MFY2016 | −$502,081FY2025 | −$4.4M | |
| Book value per share | $23.80FY2016 | $26.17FY2025 | +1.1%/yr | |
| Current ratio | 1.73FY2016 | 0.92FY2025 | −0.81 | |
| Debt / equity | 0.14FY2016 | 0.52FY2025 | +0.38 | |
| Shares outstanding | 2.0MFY2016 | 2.0MFY2025 | 0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MAYS assets
MAYS liabilities and equity
MAYS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MAYS balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.8M | $1.2M | $3.5M | $3.8M | $5.5M | $7.0M | $7.7M | $8.4M | $8.2M | $7.3M |
| Cash & equivalents | $1.8M | $1.2M | $1.2M | $1.0M | $1.6M | $3.3M | $4.1M | $5.3M | $5.4M | $5.2M |
| Short-term investments | — | $0 | $2.3M | $2.8M | $3.9M | $3.7M | $3.6M | $3.1M | $2.8M | $2.1M |
| Receivables | $4.0M | $3.6M | $3.0M | $2.8M | $2.4M | $2.2M | $411,837 | $261,096 | $171,607 | $310,321 |
| Inventory | $0 | $0 | $6.3M | $410,825 | $8.1M | $10.2M | $9.7M | $0 | $1.7M | $0 |
| Other current assets | $0 | $1.0M | $0 | $638,487 | $0 | $0 | $0 | $2.1M | $15,905 | $1.6M |
| Total current assets | $5.7M | $5.9M | $7.6M | $7.6M | $11.1M | $12.8M | $10.5M | $10.7M | $10.1M | $9.2M |
| Property, plant & equipment (net) | $75.5M | $28.9M | $30.9M | $32.1M | $34.6M | $37.1M | $53.1M | $50.8M | $49.5M | $49.1M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $3.7M | $3.6M | $3.1M | $2.8M | $2.1M |
| Other non-current assets | $17.2M | $54.8M | $53.4M | $54.3M | $51.8M | $46.8M | $1.6M | $1.9M | $2.5M | $3.3M |
| Total assets | $98.5M | $89.5M | $91.9M | $94.0M | $97.5M | $100.4M | $68.8M | $66.6M | $64.8M | $63.5M |
| Liabilities | ||||||||||
| Accounts payable | — | $2.3M | $1.7M | $2.3M | $2.6M | $2.8M | $30,964 | $74,205 | $79,103 | $80,343 |
| Short-term debt | $2.2M | $6.0M | $3.5M | $3.4M | $3.3M | $3.2M | $5.3M | $168,501 | $162,569 | $1.2M |
| Deferred revenue | — | $1.1M | −$3.5M | −$3.4M | −$3.3M | $643,628 | $783,678 | $644,728 | $1.0M | $1.0M |
| Total current liabilities | $6.2M | $3.3M | $2.7M | $3.4M | $3.5M | $3.6M | $8.6M | $3.7M | $3.8M | $5.3M |
| Long-term debt | $0 | $3.9M | $5.1M | $6.4M | $7.5M | $9.4M | $690,420 | $5.3M | $5.4M | $5.6M |
| Lease obligations | — | $25.3M | $26.5M | $26.6M | $27.8M | $29.0M | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $39.5M | $29.4M | $30.7M | $30.9M | $32.4M | $33.8M | $4.9M | $4.5M | $5.6M | $4.7M |
| Total liabilities | $45.7M | $36.6M | $38.6M | $40.6M | $43.4M | $46.7M | $14.2M | $13.5M | $14.8M | $15.6M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M |
| Retained earnings (deficit) | $48.5M | $48.7M | $49.1M | $49.2M | $49.9M | $49.5M | $50.4M | $48.4M | $45.4M | $43.5M |
| Treasury stock | — | — | — | −$1.3M | — | −$1.3M | −$1.3M | −$1.3M | −$1.3M | −$1.3M |
| Accumulated other comprehensive income | — | — | $0 | $0 | $0 | $0 | $0 | $487,136 | $368,476 | $264,541 |
| Minority interest | — | — | — | — | — | — | $0 | $0 | $0 | $0 |
| Total shareholders' equity | $52.8M | $52.9M | $53.3M | $53.4M | $54.1M | $53.7M | $54.6M | $53.1M | $50.0M | $48.0M |
| Key figures | ||||||||||
| Total debt | $27.3M | $29.2M | $31.7M | $33.0M | $35.4M | $38.4M | $6.0M | $5.4M | $5.6M | $6.7M |
| Net cash (debt) | −$25.5M | −$27.9M | −$28.1M | −$29.2M | −$29.9M | −$31.4M | $1.7M | $3.0M | $2.6M | $584,585 |
| Working capital | −$502,081 | $2.5M | $4.8M | $4.2M | $7.7M | $9.2M | $1.8M | $7.0M | $6.3M | $3.9M |
| Tangible book value | $52.8M | $52.9M | $53.3M | $53.4M | $54.1M | $53.7M | $54.6M | $53.1M | $50.0M | $48.0M |
| Book value per share | $26.17 | $26.24 | $26.44 | $26.48 | $26.84 | $26.64 | $27.09 | $26.34 | $24.80 | $23.80 |
| Shares outstanding | 2.0M | 2.0M | 2.0M | 2.0M | 2.0M | 2.0M | 2.0M | 2.0M | 2.0M | 2.0M |
| Current ratio | 0.92 | 1.75 | 2.78 | 2.25 | 3.21 | 3.56 | 1.21 | 2.90 | 2.65 | 1.73 |
| Quick ratio | 0.92 | 1.44 | 2.41 | 1.94 | 2.27 | 2.58 | 0.94 | 2.34 | 2.20 | 1.44 |
| Debt / equity | 0.52 | 0.55 | 0.59 | 0.62 | 0.65 | 0.71 | 0.11 | 0.10 | 0.11 | 0.14 |
| Equity / assets | 53.6% | 59.1% | 58.0% | 56.8% | 55.5% | 53.5% | 79.4% | 79.8% | 77.1% | 75.5% |
| Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | Jul '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $3.1M | $434,420 | $2.2M | $1.8M | $2.3M | $1.5M | $2.3M | $1.2M | $3.3M | $2.9M | $4.5M | $3.5M |
| Cash & equivalents | $3.1M | $434,420 | $2.2M | $1.8M | $2.3M | $1.5M | $2.3M | $1.2M | $1.2M | $691,515 | $2.3M | $1.2M |
| Short-term investments | — | — | — | — | — | — | — | $0 | $2.1M | $2.2M | $2.1M | $2.3M |
| Receivables | $3.9M | $4.3M | $3.8M | $4.0M | $3.5M | $3.9M | $3.4M | $3.6M | $3.3M | $3.1M | $3.0M | $3.0M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.3M | $6.3M |
| Other current assets | $0 | $1.0M | $1.0M | $0 | $1.0M | $975,959 | $975,959 | $1.0M | $1.0M | $1.1M | $0 | $0 |
| Total current assets | $7.1M | $5.8M | $7.0M | $5.7M | $6.8M | $6.4M | $6.7M | $5.9M | $7.7M | $7.1M | $8.5M | $7.6M |
| Property, plant & equipment (net) | $78.2M | $27.4M | $27.9M | $75.5M | $27.3M | $27.8M | $28.3M | $28.9M | $29.4M | $29.9M | $30.4M | $30.9M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $4.9M | $55.2M | $53.8M | $17.2M | $53.7M | $54.1M | $53.4M | $54.8M | $53.4M | $53.6M | $52.1M | $53.4M |
| Total assets | $90.2M | $88.4M | $88.7M | $98.5M | $87.9M | $88.3M | $88.5M | $89.5M | $90.4M | $90.6M | $91.0M | $91.9M |
| Liabilities | ||||||||||||
| Accounts payable | $3.0M | $3.5M | $2.8M | — | $2.2M | $2.5M | $1.9M | $2.3M | $2.5M | $1.9M | $1.6M | $1.7M |
| Short-term debt | $2.4M | $2.4M | — | $2.2M | — | $3.3M | — | $6.0M | $2.2M | $2.2M | $2.2M | $3.5M |
| Deferred revenue | — | — | — | — | — | — | — | $1.1M | $1.1M | — | −$2.2M | −$3.5M |
| Total current liabilities | $2.4M | $4.6M | $3.9M | $6.2M | $3.3M | $6.8M | $2.9M | $3.3M | $3.6M | $3.0M | $2.6M | $2.7M |
| Long-term debt | $6.1M | $3.2M | $3.2M | $0 | $3.3M | $0 | $3.5M | $3.9M | $4.2M | $4.5M | $4.8M | $5.1M |
| Lease obligations | $24.6M | $25.0M | $25.3M | — | $24.4M | $24.7M | $25.0M | $25.3M | $25.6M | $25.9M | $26.2M | $26.5M |
| Other long-term liabilities | $30.0M | $28.7M | $29.2M | $39.5M | $28.4M | $28.7M | $29.1M | $29.4M | $29.7M | $30.1M | $30.4M | $30.7M |
| Total liabilities | $38.5M | $36.5M | $36.3M | $45.7M | $35.0M | $35.6M | $35.6M | $36.6M | $37.5M | $37.6M | $37.9M | $38.6M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M |
| Retained earnings (deficit) | $47.5M | $47.7M | $48.2M | $48.5M | $48.6M | $48.5M | $48.7M | $48.7M | $48.7M | $48.8M | $48.9M | $49.1M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | $0 | $0 | $0 | $0 |
| Total shareholders' equity | $51.7M | $51.9M | $52.4M | $52.8M | $52.9M | $52.8M | $52.9M | $52.9M | $52.9M | $53.0M | $53.1M | $53.3M |
| Key figures | ||||||||||||
| Total debt | $30.8M | $28.1M | $28.5M | $27.3M | $27.6M | $28.0M | $28.5M | $29.2M | $29.8M | $30.4M | $31.1M | $31.7M |
| Net cash (debt) | −$27.6M | −$27.7M | −$26.3M | −$25.5M | −$25.4M | −$26.5M | −$26.2M | −$27.9M | −$26.5M | −$27.6M | −$26.6M | −$28.1M |
| Working capital | $4.7M | $1.1M | $3.1M | −$502,081 | $3.6M | −$451,190 | $3.8M | $2.5M | $4.0M | $4.1M | $5.8M | $4.8M |
| Tangible book value | $51.7M | $51.9M | $52.4M | $52.8M | $52.9M | $52.8M | $52.9M | $52.9M | $52.9M | $53.0M | $53.1M | $53.3M |
| Book value per share | $25.65 | $25.76 | $26.01 | $26.17 | $26.22 | $26.18 | $26.26 | $26.24 | $26.26 | $26.30 | $26.35 | $26.44 |
| Shares outstanding | 2.0M | 2.0M | 2.0M | 2.0M | 2.0M | 2.0M | 2.0M | 2.0M | 2.0M | 2.0M | 2.0M | 2.0M |
| Current ratio | 3.00 | 1.25 | 1.81 | 0.92 | 2.08 | 0.93 | 2.30 | 1.75 | 2.12 | 2.39 | 3.21 | 2.78 |
| Quick ratio | 3.00 | 1.02 | 1.54 | 0.92 | 1.77 | 0.79 | 1.96 | 1.44 | 1.83 | 2.03 | 2.83 | 2.41 |
| Debt / equity | 0.60 | 0.54 | 0.54 | 0.52 | 0.52 | 0.53 | 0.54 | 0.55 | 0.56 | 0.57 | 0.58 | 0.59 |
| Equity / assets | 57.3% | 58.7% | 59.1% | 53.6% | 60.2% | 59.7% | 59.8% | 59.1% | 58.5% | 58.5% | 58.4% | 58.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed October 23, 2025); data from EODHD.
MAYS financial position
At the end of fiscal 2025 (July 31, 2025), J.W. Mays had total assets of $98.5 million (up 10.0% from a year earlier), total liabilities of $45.7 million and shareholders' equity of $52.8 million. It held $1.8 million in cash and short-term investments against $27.3 million of debt, net debt of $25.5 million. Its current ratio was 0.92. In the latest quarter (ended April 30, 2026) total assets were $90.2 million and equity $51.7 million.
Related: MAYS income statement, MAYS cash flow statement, MAYS key metrics. See the MAYS stock overview for the latest quote and news.
MAYS balance sheet FAQ
What are J.W. Mays's total assets?
J.W. Mays reported total assets of $98.5 million at the end of fiscal 2025 (July 31, 2025), compared with $89.5 million a year earlier.
How much debt does J.W. Mays have?
J.W. Mays had $27.3 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.52.
How much cash does J.W. Mays have?
J.W. Mays held $1.8 million in cash and short-term investments at the end of fiscal 2025; with $27.3 million of debt that is net debt of $25.5 million.
What is J.W. Mays's book value?
J.W. Mays's shareholders' equity (book value) was $52.8 million at the end of fiscal 2025, or $26.17 per share.
What is J.W. Mays's current ratio?
J.W. Mays had current assets of $5.7 million and current liabilities of $6.2 million, a current ratio of 0.92 (current liabilities exceed current assets).