Methode Electronics, Inc. (MEI) Balance Sheet
MEI balance sheet, FY2026
April 30, 2026 · U.S. dollars$1.31B assets = $628.6M liabilities + $677.5M equity
Both columns are drawn to the same scale: what MEI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MEI financial health
Descriptive bands, not a rating. Fiscal FY2026.
MEI balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $704.0MFY2017 | $1.31BFY2026 | +7.1%/yr | |
| Total liabilities | $162.9MFY2017 | $628.6MFY2026 | +16.2%/yr | |
| Shareholders’ equity | $541.1MFY2017 | $677.5MFY2026 | +2.5%/yr | |
| Cash & short-term investments | $294.0MFY2017 | $139.6MFY2026 | −7.9%/yr | |
| Total debt | $27.0MFY2017 | $349.1MFY2026 | +32.9%/yr | |
| Net cash (debt) | $267.0MFY2017 | −$209.5MFY2026 | −$476.5M | |
| Working capital | $405.9MFY2017 | $346.5MFY2026 | −$59.4M | |
| Book value per share | $14.43FY2017 | $19.10FY2026 | +3.2%/yr | |
| Current ratio | 4.26FY2017 | 2.37FY2026 | −1.90 | |
| Debt / equity | 0.05FY2017 | 0.52FY2026 | +0.47 | |
| Shares outstanding | 37.5MFY2017 | 35.5MFY2026 | −0.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MEI assets
MEI liabilities and equity
MEI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MEI balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $139.6M | $103.6M | $161.5M | $157.0M | $172.0M | $233.2M | $217.3M | $83.2M | $246.1M | $294.0M |
| Cash & equivalents | $139.6M | $103.6M | $161.5M | $157.0M | $172.0M | $233.2M | $217.3M | $83.2M | $246.1M | $294.0M |
| Short-term investments | — | — | — | $1.6M | — | — | — | — | $0 | $0 |
| Receivables | $260.5M | $245.1M | $266.6M | $327.2M | $281.6M | $294.0M | $201.9M | $234.4M | $202.6M | $165.3M |
| Inventory | $178.7M | $194.1M | $186.2M | $159.7M | $158.5M | $124.2M | $131.0M | $116.7M | $84.1M | $57.9M |
| Other current assets | $21.2M | $17.1M | $23.4M | $20.5M | $16.9M | $22.6M | $15.4M | $19.2M | $17.2M | $13.1M |
| Total current assets | $600.0M | $559.9M | $637.7M | $664.4M | $629.0M | $674.0M | $565.6M | $453.5M | $550.0M | $530.3M |
| Property, plant & equipment (net) | $229.8M | $245.3M | $238.8M | $248.7M | $217.0M | $226.3M | $225.4M | $191.9M | $162.2M | $90.6M |
| Goodwill & intangible assets | $393.8M | $411.1M | $426.6M | $558.6M | $440.7M | $465.0M | $476.4M | $498.2M | $120.2M | $8.2M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $82.5M | $89.5M | $100.4M | $107.4M | $102.4M | $101.7M | $103.2M | $88.1M | $83.5M | $74.9M |
| Total assets | $1.31B | $1.31B | $1.40B | $1.58B | $1.39B | $1.47B | $1.37B | $1.23B | $915.9M | $704.0M |
| Liabilities | ||||||||||
| Accounts payable | $132.8M | $125.9M | $132.4M | $138.7M | $108.5M | $122.9M | $73.8M | $91.9M | $89.5M | $75.3M |
| Short-term debt | $9.3M | $7.6M | $6.9M | $10.0M | $19.0M | $21.0M | $26.3M | $15.7M | $4.4M | $27.0M |
| Deferred revenue | $200,000 | — | $8.1M | — | — | — | — | $19.3M | $18.7M | $40.0M |
| Total current liabilities | $253.5M | $233.2M | $231.4M | $228.0M | $188.6M | $222.7M | $143.8M | $180.9M | $157.0M | $124.4M |
| Long-term debt | $324.8M | $317.7M | $331.0M | $303.6M | $197.5M | $225.2M | $336.8M | $276.9M | $53.4M | $27.0M |
| Lease obligations | $23.7M | $25.6M | $27.3M | $28.6M | $20.8M | $23.6M | $25.9M | — | — | — |
| Other long-term liabilities | $50.3M | $61.6M | $75.1M | $94.6M | $89.2M | $101.1M | $106.6M | $84.2M | $75.5M | $11.5M |
| Total liabilities | $628.6M | $612.5M | $637.5M | $626.2M | $475.3M | $549.0M | $587.2M | $542.0M | $285.9M | $162.9M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $18.4M | $18.6M | $18.3M | $18.6M | $19.2M | $19.8M | $19.2M | $19.2M | $121.3M | $151.3M |
| Retained earnings (deficit) | $479.3M | $524.2M | $612.3M | $772.7M | $763.9M | $746.0M | $651.9M | $545.2M | $472.0M | $427.0M |
| Treasury stock | — | — | — | — | — | −$11.5M | −$11.5M | −$11.5M | −$11.5M | −$11.5M |
| Accumulated other comprehensive income | −$8.8M | −$29.8M | −$36.7M | −$19.0M | −$26.8M | $6.1M | −$26.9M | −$13.6M | $13.9M | −$25.7M |
| Minority interest | — | — | $0 | $11.1M | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $677.5M | $693.3M | $766.0M | $941.8M | $913.8M | $918.0M | $783.4M | $689.7M | $630.0M | $541.1M |
| Key figures | ||||||||||
| Total debt | $349.1M | $343.2M | $358.2M | $335.4M | $231.3M | $263.7M | $378.0M | $292.6M | $57.8M | $27.0M |
| Net cash (debt) | −$209.5M | −$239.6M | −$196.7M | −$178.4M | −$59.3M | −$30.5M | −$160.7M | −$209.4M | $188.3M | $267.0M |
| Working capital | $346.5M | $326.7M | $406.3M | $436.4M | $440.4M | $451.3M | $421.8M | $272.6M | $393.0M | $405.9M |
| Tangible book value | $283.7M | $282.2M | $339.4M | $383.2M | $473.1M | $453.0M | $307.0M | $191.5M | $509.8M | $532.9M |
| Book value per share | $19.10 | $19.53 | $21.60 | $25.61 | $24.16 | $23.96 | $20.70 | $18.31 | $16.78 | $14.43 |
| Shares outstanding | 35.5M | 35.5M | 35.5M | 36.8M | 37.8M | 38.3M | 37.8M | 37.7M | 37.5M | 37.5M |
| Current ratio | 2.37 | 2.40 | 2.76 | 2.91 | 3.34 | 3.03 | 3.93 | 2.51 | 3.50 | 4.26 |
| Quick ratio | 1.58 | 1.50 | 1.85 | 2.12 | 2.41 | 2.37 | 2.92 | 1.76 | 2.86 | 3.69 |
| Debt / equity | 0.52 | 0.50 | 0.47 | 0.36 | 0.25 | 0.29 | 0.48 | 0.42 | 0.09 | 0.05 |
| Equity / assets | 51.9% | 53.1% | 54.6% | 59.6% | 65.8% | 62.6% | 57.2% | 56.0% | 68.8% | 76.9% |
| 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 | $116.2M | $139.6M | $133.7M | $118.5M | $121.1M | $103.6M | $103.8M | $97.0M | $111.3M | $161.5M | $122.9M | $122.5M |
| Cash & equivalents | $116.2M | $139.6M | $133.7M | $118.5M | $121.1M | $103.6M | $103.8M | $97.0M | $111.3M | $161.5M | $122.9M | $122.5M |
| Receivables | $259.3M | $260.5M | $218.6M | $232.1M | $221.3M | $245.1M | $224.2M | $260.8M | $252.7M | $266.6M | $283.9M | $309.0M |
| Inventory | $184.6M | $178.7M | $209.8M | $190.2M | $190.9M | $194.1M | $218.8M | $228.2M | $219.9M | $186.2M | $204.0M | $183.9M |
| Other current assets | $24.3M | $21.2M | $23.2M | $14.5M | $15.9M | $17.1M | $25.4M | $26.9M | $27.9M | $23.4M | $19.0M | $21.1M |
| Total current assets | $584.4M | $600.0M | $585.3M | $555.3M | $549.2M | $559.9M | $572.2M | $612.9M | $611.8M | $637.7M | $629.8M | $636.5M |
| Property, plant & equipment (net) | $222.3M | $229.8M | $246.2M | $246.1M | $246.6M | $245.3M | $233.5M | $244.4M | $239.2M | $238.8M | $258.4M | $251.5M |
| Goodwill & intangible assets | $384.9M | $393.8M | $401.1M | $402.0M | $408.8M | $411.1M | $403.1M | $416.4M | $422.8M | $426.6M | $484.7M | $485.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $72.1M | $82.5M | $73.7M | $84.0M | $86.7M | $89.5M | $95.8M | $101.4M | $104.1M | $100.4M | $118.6M | $111.5M |
| Total assets | $1.26B | $1.31B | $1.31B | $1.29B | $1.29B | $1.31B | $1.30B | $1.38B | $1.38B | $1.40B | $1.49B | $1.48B |
| Liabilities | ||||||||||||
| Accounts payable | $134.1M | $132.8M | $135.3M | $124.2M | $123.5M | $125.9M | $107.7M | $129.8M | $161.1M | $132.4M | $146.0M | $133.5M |
| Short-term debt | $9.1M | $9.3M | $8.2M | $7.6M | $7.6M | $7.6M | $7.7M | $7.6M | $7.1M | $6.9M | $6.5M | $9.6M |
| Deferred revenue | — | $200,000 | — | — | — | — | — | — | $9.8M | $8.1M | $7.6M | $7.5M |
| Total current liabilities | $242.3M | $253.5M | $242.8M | $217.6M | $219.6M | $233.2M | $201.4M | $222.6M | $260.8M | $231.4M | $229.9M | $218.3M |
| Long-term debt | $310.3M | $324.8M | $340.7M | $332.3M | $323.2M | $317.7M | $327.7M | $340.4M | $295.8M | $330.7M | $331.1M | $331.1M |
| Lease obligations | $22.7M | $23.7M | $23.2M | $22.9M | $24.2M | $25.6M | $27.3M | $29.1M | $26.8M | $27.3M | $26.2M | $26.2M |
| Other long-term liabilities | $48.0M | $50.3M | $47.8M | $58.2M | $60.4M | $61.6M | $71.2M | $73.8M | $76.9M | $75.4M | $95.5M | $90.6M |
| Total liabilities | $600.6M | $628.6M | $631.3M | $608.1M | $603.2M | $612.5M | $600.3M | $636.8M | $633.5M | $637.5M | $656.5M | $640.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $18.4M | $18.4M | $18.4M | $18.4M | $18.3M | $18.6M | $18.5M | $18.3M | $18.3M | $18.3M | $18.4M | $18.5M |
| Retained earnings (deficit) | $465.4M | $479.3M | $481.0M | $498.9M | $511.0M | $524.2M | $558.3M | $580.6M | $587.1M | $612.3M | $677.6M | $697.0M |
| Accumulated other comprehensive income | −$11.4M | −$8.8M | −$10.5M | −$22.3M | −$23.0M | −$29.8M | −$51.2M | −$37.7M | −$36.3M | −$36.7M | −$31.2M | −$42.9M |
| Total shareholders' equity | $663.1M | $677.5M | $675.0M | $679.3M | $688.1M | $693.3M | $704.3M | $738.3M | $744.4M | $766.0M | $835.0M | $844.9M |
| Key figures | ||||||||||||
| Total debt | $333.2M | $349.1M | $364.1M | $370.5M | $347.6M | $343.2M | $355.2M | $391.0M | $322.8M | $359.2M | $357.5M | $359.5M |
| Net cash (debt) | −$217.0M | −$209.5M | −$230.4M | −$252.0M | −$226.5M | −$239.6M | −$251.4M | −$294.0M | −$211.5M | −$197.7M | −$234.6M | −$237.0M |
| Working capital | $342.1M | $346.5M | $342.5M | $337.7M | $329.6M | $326.7M | $370.8M | $390.3M | $351.0M | $406.3M | $399.9M | $418.2M |
| Tangible book value | $278.2M | $283.7M | $273.9M | $277.3M | $279.3M | $282.2M | $301.2M | $321.9M | $321.6M | $339.4M | $350.3M | $359.5M |
| Book value per share | $18.69 | $19.10 | $19.03 | $19.15 | $19.37 | $19.53 | $19.84 | $20.80 | $21.01 | $21.70 | $23.64 | $23.69 |
| Shares outstanding | 35.5M | 35.5M | 35.5M | 35.5M | 35.5M | 35.5M | 35.5M | 35.5M | 35.4M | 35.3M | 35.3M | 35.7M |
| Current ratio | 2.41 | 2.37 | 2.41 | 2.55 | 2.50 | 2.40 | 2.84 | 2.75 | 2.35 | 2.76 | 2.74 | 2.92 |
| Quick ratio | 1.55 | 1.58 | 1.45 | 1.61 | 1.56 | 1.50 | 1.63 | 1.61 | 1.40 | 1.85 | 1.77 | 1.98 |
| Debt / equity | 0.50 | 0.52 | 0.54 | 0.55 | 0.51 | 0.50 | 0.50 | 0.53 | 0.43 | 0.47 | 0.43 | 0.43 |
| Equity / assets | 52.5% | 51.9% | 51.7% | 52.8% | 53.3% | 53.1% | 54.0% | 53.7% | 54.0% | 54.6% | 56.0% | 56.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed June 24, 2026); data from EODHD.
MEI financial position
At the end of fiscal 2026 (April 30, 2026), Methode Electronics had total assets of $1.3 billion (up 0.0% from a year earlier), total liabilities of $628.6 million and shareholders' equity of $677.5 million. It held $139.6 million in cash and short-term investments against $349.1 million of debt, net debt of $209.5 million. Its current ratio was 2.37. In the latest quarter (ended July 31, 2026) total assets were $1.3 billion and equity $663.1 million.
Related: MEI income statement, MEI cash flow statement, MEI key metrics. See the MEI stock overview for the latest quote and news.
MEI balance sheet FAQ
What are Methode Electronics's total assets?
Methode Electronics reported total assets of $1.3 billion at the end of fiscal 2026 (April 30, 2026), compared with $1.3 billion a year earlier.
How much debt does Methode Electronics have?
Methode Electronics had $349.1 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.52.
How much cash does Methode Electronics have?
Methode Electronics held $139.6 million in cash and short-term investments at the end of fiscal 2026; with $349.1 million of debt that is net debt of $209.5 million.
What is Methode Electronics's book value?
Methode Electronics's shareholders' equity (book value) was $677.5 million at the end of fiscal 2026, or $19.10 per share.
What is Methode Electronics's current ratio?
Methode Electronics had current assets of $600.0 million and current liabilities of $253.5 million, a current ratio of 2.37 (it can cover its short-term obligations).
How much goodwill does Methode Electronics have?
Methode Electronics carried $393.8 million of goodwill and intangible assets, 30.2% of total assets, at the end of fiscal 2026.