Mechanics Bank (MCHB) Balance Sheet
MCHB balance sheet, 2025
December 31, 2025 · U.S. dollars$22.47B assets = $19.61B liabilities + $2.86B equity
Both columns are drawn to the same scale: what MCHB owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MCHB financial health
Descriptive bands, not a rating. Fiscal 2025.
MCHB balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $6.29B2016 | $22.47B2025 | +15.2%/yr | |
| Total liabilities | $5.66B2016 | $19.61B2025 | +14.8%/yr | |
| Shareholders’ equity | $629.3M2016 | $2.86B2025 | +18.3%/yr | |
| Cash & short-term investments | $56.3M2016 | $1.08B2025 | +38.8%/yr | |
| Total debt | $993.5M2016 | $278.8M2025 | −13.2%/yr | |
| Net cash (debt) | −$937.2M2016 | $800.7M2025 | +$1.7B | |
| Working capital | −$4.56B2016 | $994.5M2025 | +$5.6B | |
| Book value per share | $10.852024 | $13.082025 | +20.6%/yr | |
| Debt / equity | 1.582016 | 0.102025 | −1.48 | |
| Shares outstanding | 212.1M2024 | 218.8M2025 | +3.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MCHB assets
MCHB liabilities and equity
MCHB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MCHB balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.08B | $999.7M | $240.4M | $91.8M | $65.2M | $58.0M | $57.9M | $58.6M | $73.9M | $56.3M |
| Cash & equivalents | $1.03B | $999.7M | $215.7M | $72.8M | $65.2M | $58.0M | $57.9M | $58.6M | $73.9M | $56.3M |
| Short-term investments | $49.5M | $3.07B | $24.7M | $19.0M | $6.02B | $5.31B | $604.4M | $44.4M | $9.9M | $704.4M |
| Receivables | $53.1M | $33.6M | $28.9M | $26.9M | $17.8M | $21.2M | $225.2M | $51.8M | $44.3M | $77.7M |
| Inventory | $0 | $0 | −$1.48B | −$341.6M | −$1.01B | −$1.20B | −$1.06B | $2.7M | $1.23B | $143.7M |
| Other current assets | $0 | $0 | $1.48B | $341.6M | $1.01B | $1.20B | $835.2M | $0 | $0 | $0 |
| Total current assets | $1.13B | $1.03B | $269.3M | $118.7M | $83.0M | $79.2M | $57.9M | $58.6M | $73.9M | $56.3M |
| Property, plant & equipment (net) | $226.0M | $170.9M | $53.6M | $51.2M | $58.2M | $65.1M | $171.8M | $88.1M | $104.7M | $77.6M |
| Goodwill & intangible assets | $1.06B | $882.0M | $19.3M | $60.0M | $63.4M | $118.6M | $126.1M | $125.9M | $307.2M | $268.0M |
| Long-term investments | $5.38B | $4.51B | $3.89B | $4.31B | $6.06B | $5.38B | $4.47B | $758.9M | $784.2M | $840.8M |
| Other non-current assets | $14.68B | $9.94B | $5.21B | $4.87B | $968.9M | $1.63B | $2.03B | $6.04B | $5.50B | $5.05B |
| Total assets | $22.47B | $16.53B | $9.43B | $9.41B | $7.23B | $7.28B | $6.86B | $7.07B | $6.77B | $6.29B |
| Liabilities | ||||||||||
| Accounts payable | — | — | $135.3M | $110.3M | $175.2M | $249.1M | $192.9M | $170.0M | $172.2M | $191.2M |
| Short-term debt | $138.1M | $1.00B | $806.4M | $88.3M | $102.0M | $383.6M | $541.8M | $19.0M | $1.02B | $0 |
| Deferred revenue | — | — | $122.4M | −$95.3M | $191.4M | $226.7M | $159.7M | — | — | — |
| Total current liabilities | $138.1M | $7.41B | $806.4M | $88.3M | $102.0M | $383.6M | $541.8M | $19.0M | $1.02B | $4.62B |
| Long-term debt | $144.5M | $0 | $775.0M | $284.9M | $24.9M | $24.8M | $24.8M | $0 | $0 | $0 |
| Lease obligations | $86.8M | $56.1M | $57.7M | $46.1M | $38.0M | $53.0M | $64.3M | $0 | $0 | $0 |
| Other long-term liabilities | $19.33B | $14.23B | $7.31B | $8.48B | $6.39B | $6.15B | $5.61B | $6.31B | $5.04B | $5.66B |
| Total liabilities | $19.61B | $14.23B | $8.89B | $8.85B | $6.52B | $6.56B | $6.18B | $6.33B | $6.07B | $5.66B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $2.40B | $2.12B | $229.9M | $226.6M | $249.9M | $278.5M | $511,000 | $511,000 | $511,000 | $511,000 |
| Retained earnings (deficit) | $456.7M | $239.5M | $395.4M | $435.1M | $444.3M | $403.9M | $374.7M | $412.0M | $372.0M | $303.0M |
| Treasury stock | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Accumulated other comprehensive income | $3.5M | −$59.8M | −$86.9M | −$99.5M | $21.1M | $35.4M | $4.3M | −$15.4M | −$7.1M | −$10.4M |
| Minority interest | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $2.86B | $2.30B | $538.4M | $562.1M | $715.3M | $717.8M | $679.7M | $739.5M | $704.4M | $629.3M |
| Key figures | ||||||||||
| Total debt | $278.8M | $56.1M | $2.00B | $1.28B | $167.0M | $448.6M | $710.3M | $1.08B | $1.10B | $993.5M |
| Net cash (debt) | $800.7M | $943.6M | −$1.76B | −$1.19B | −$101.8M | −$390.6M | −$652.5M | −$1.02B | −$1.03B | −$937.2M |
| Working capital | $994.5M | −$6.38B | −$537.2M | $30.4M | −$19.0M | −$304.4M | −$483.9M | $39.6M | −$950.0M | −$4.56B |
| Tangible book value | $1.81B | $1.42B | $519.1M | $502.2M | $651.9M | $599.1M | $553.6M | $613.6M | $397.2M | $361.2M |
| Book value per share | $13.08 | $10.85 | — | — | — | — | — | — | — | — |
| Shares outstanding | 218.8M | 212.1M | — | — | — | — | — | — | — | — |
| Current ratio | 8.20 | 0.14 | 0.33 | 1.34 | 0.81 | 0.21 | 0.11 | 3.08 | 0.07 | 0.01 |
| Quick ratio | 8.20 | 0.14 | 0.33 | 1.34 | 0.81 | 0.21 | 0.52 | 5.81 | 0.12 | 0.03 |
| Debt / equity | 0.10 | 0.02 | 3.72 | 2.28 | 0.23 | 0.63 | 1.05 | 1.46 | 1.57 | 1.58 |
| Equity / assets | 12.7% | 13.9% | 5.7% | 6.0% | 9.9% | 9.9% | 9.9% | 10.5% | 10.4% | 10.0% |
| 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 | $4.67B | $4.42B | $1.09B | $4.98B | $201.1M | $4.38B | $4.06B | $205.9M | $218.7M | $320.3M | $240.4M | $226.7M |
| Cash & equivalents | $553.9M | $483.5M | $1.03B | $1.44B | $201.1M | $798.3M | $999.7M | $205.9M | $218.7M | $320.3M | $215.7M | $226.7M |
| Short-term investments | $4.12B | $3.93B | $56.5M | $3.54B | $1.03B | $3.59B | $3.07B | — | — | — | $24.7M | — |
| Receivables | $13.42B | $13.70B | $14.02B | $14.40B | $23.5M | $0 | $0 | $28.5M | $28.8M | $29.2M | $28.9M | $27.7M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $18.10B | $18.11B | $1.09B | $4.98B | $224.6M | $4.38B | $4.06B | $234.4M | $247.5M | $349.5M | $269.3M | $254.4M |
| Property, plant & equipment (net) | $216.2M | $221.2M | $226.0M | $229.6M | $44.3M | $171.8M | $170.9M | $48.7M | $50.4M | $56.2M | $53.6M | $54.1M |
| Goodwill & intangible assets | $941.2M | $1.05B | $1.14B | $1.08B | $6.2M | $879.3M | $882.0M | $7.8M | $8.4M | $9.0M | $19.3M | $20.9M |
| Long-term investments | $5.45B | $5.30B | $5.38B | $4.90B | $0 | $5.00B | $4.51B | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $14.52B | $11.52B | $7.33B | $6.10B | $6.87B | $8.91B | $8.96B | $9.04B | $9.09B | $9.13B |
| Total assets | $21.23B | $21.39B | $22.35B | $22.71B | $7.61B | $16.54B | $16.49B | $9.20B | $9.27B | $9.46B | $9.43B | $9.46B |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | $113.0M |
| Short-term debt | $78.2M | $82.4M | $86.8M | $64.6M | $615.3M | $510.4M | $1.00B | $60.4M | $945.9M | $1.15B | $806.4M | $934.4M |
| Total current liabilities | $78.2M | $82.4M | $19.02B | $19.45B | $615.3M | $13.99B | $13.94B | $60.4M | $945.9M | $1.15B | $806.4M | $934.4M |
| Long-term debt | $130.4M | $80.8M | $144.5M | $190.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $78.2M | $82.4M | $86.8M | $90.8M | — | $58.9M | $56.1M | — | — | — | — | — |
| Other long-term liabilities | $18.33B | $18.43B | $319.6M | $291.7M | $6.59B | $180.0M | $246.4M | $8.60B | $7.80B | $7.77B | $8.09B | $8.02B |
| Total liabilities | $18.54B | $18.60B | $19.49B | $19.93B | $7.21B | $14.17B | $14.19B | $8.66B | $8.75B | $8.93B | $8.89B | $8.96B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $2.40B | $2.40B | $2.40B | $2.40B | $234.0M | $3.2M | $2.12B | $232.6M | $231.7M | $230.8M | $229.9M | $229.0M |
| Retained earnings (deficit) | $303.0M | $407.9M | $456.7M | $381.0M | $242.1M | $283.3M | $239.5M | $374.3M | $381.6M | $387.9M | $395.4M | $400.5M |
| Accumulated other comprehensive income | −$18.1M | −$19.5M | $3.5M | −$8.8M | −$73.2M | −$31.3M | −$2.18B | −$68.7M | −$93.2M | −$91.3M | −$86.9M | −$127.0M |
| Total shareholders' equity | $2.69B | $2.79B | $2.86B | $2.77B | $403.0M | $2.37B | $2.30B | $538.3M | $520.1M | $527.3M | $538.4M | $502.5M |
| Key figures | ||||||||||||
| Total debt | $208.6M | $211.2M | $231.3M | $280.9M | $1.27B | $58.9M | $56.1M | $2.12B | $2.11B | $2.32B | $2.00B | $2.10B |
| Net cash (debt) | $4.46B | $4.21B | $855.2M | $4.70B | −$1.06B | $4.33B | $4.01B | −$1.92B | −$1.89B | −$2.00B | −$1.76B | −$1.87B |
| Working capital | $18.02B | $18.03B | −$17.94B | −$14.47B | −$390.7M | −$9.60B | −$9.88B | $174.0M | −$698.4M | −$804.3M | −$537.2M | −$680.0M |
| Tangible book value | $1.75B | $1.74B | $1.72B | $1.70B | $396.8M | $1.49B | $1.42B | $530.5M | $511.7M | $518.3M | $519.1M | $481.6M |
| Book value per share | $11.57 | $12.01 | $12.33 | $13.31 | $1.93 | $11.19 | $10.85 | $2.66 | — | — | — | — |
| Shares outstanding | 232.5M | 232.3M | 232.2M | 208.4M | 208.3M | 212.1M | 212.1M | 202.1M | — | — | — | — |
| Current ratio | 231.49 | 219.81 | 0.06 | 0.26 | 0.36 | 0.31 | 0.29 | 3.88 | 0.26 | 0.30 | 0.33 | 0.27 |
| Quick ratio | 231.49 | 219.81 | 0.79 | 1.00 | 0.36 | 0.31 | 0.29 | 3.88 | 0.26 | 0.30 | 0.33 | 0.27 |
| Debt / equity | 0.08 | 0.08 | 0.08 | 0.10 | 3.14 | 0.02 | 0.02 | 3.94 | 4.06 | 4.40 | 3.72 | 4.17 |
| Equity / assets | 12.7% | 13.1% | 12.8% | 12.2% | 5.3% | 14.4% | 14.0% | 5.9% | 5.6% | 5.6% | 5.7% | 5.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 17, 2026); data from EODHD.
MCHB financial position
At the end of fiscal 2025 (December 31, 2025), Mechanics Bank had total assets of $22.5 billion (up 35.9% from a year earlier), total liabilities of $19.6 billion and shareholders' equity of $2.9 billion. It held $1.1 billion in cash and short-term investments against $278.8 million of debt, a net cash position of $800.7 million. Its current ratio was 8.20. In the latest quarter (ended June 30, 2026) total assets were $21.2 billion and equity $2.7 billion.
Related: MCHB income statement, MCHB cash flow statement, MCHB key metrics. See the MCHB stock overview for the latest quote and news.
MCHB balance sheet FAQ
What are Mechanics Bank's total assets?
Mechanics Bank reported total assets of $22.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $16.5 billion a year earlier.
How much debt does Mechanics Bank have?
Mechanics Bank had $278.8 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.10.
How much cash does Mechanics Bank have?
Mechanics Bank held $1.1 billion in cash and short-term investments at the end of fiscal 2025; with $278.8 million of debt that is net cash of $800.7 million.
What is Mechanics Bank's book value?
Mechanics Bank's shareholders' equity (book value) was $2.9 billion at the end of fiscal 2025, or $13.08 per share.
What is Mechanics Bank's current ratio?
Mechanics Bank had current assets of $1.1 billion and current liabilities of $138.1 million, a current ratio of 8.20 (it can cover its short-term obligations).
How much goodwill does Mechanics Bank have?
Mechanics Bank carried $1.1 billion of goodwill and intangible assets, 4.7% of total assets, at the end of fiscal 2025.