McGrath RentCorp (MGRC) Balance Sheet
MGRC balance sheet, 2025
December 31, 2025 · U.S. dollars$2.36B assets = $1.12B liabilities + $1.24B equity
Both columns are drawn to the same scale: what MGRC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MGRC financial health
Descriptive bands, not a rating. Fiscal 2025.
MGRC balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.13B2016 | $2.36B2025 | +8.5%/yr | |
| Total liabilities | $734.0M2016 | $1.12B2025 | +4.8%/yr | |
| Shareholders’ equity | $394.3M2016 | $1.24B2025 | +13.5%/yr | |
| Cash & short-term investments | $852,0002016 | $295,0002025 | −11.1%/yr | |
| Total debt | $404.5M2016 | $527.8M2025 | +3.0%/yr | |
| Net cash (debt) | −$403.6M2016 | −$527.5M2025 | −$123.9M | |
| Working capital | −$18.0M2016 | $63.4M2025 | +$81.3M | |
| Book value per share | $16.452016 | $50.222025 | +13.2%/yr | |
| Current ratio | 0.842016 | 1.362025 | +0.51 | |
| Debt / equity | 1.032016 | 0.432025 | −0.60 | |
| Shares outstanding | 24.0M2016 | 24.6M2025 | +0.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MGRC assets
MGRC liabilities and equity
MGRC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MGRC balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $295,000 | $807,000 | $877,000 | $957,000 | $1.5M | $1.2M | $2.3M | $1.5M | $2.5M | $852,000 |
| Cash & equivalents | $295,000 | $807,000 | $877,000 | $957,000 | $1.5M | $1.2M | $2.3M | $1.5M | $2.5M | $852,000 |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $0 |
| Receivables | $231.9M | $219.3M | $227.4M | $190.0M | $159.5M | $123.3M | $128.1M | $121.0M | $105.9M | $96.9M |
| Inventory | $8.0M | $14.3M | $15.4M | −$59.8M | $1 | $1 | $2 | −$31.8M | −$22.5M | −$25.6M |
| Other current assets | $0 | $0 | $0 | $59.8M | $0 | $0 | $0 | $31.8M | $22.5M | $25.6M |
| Total current assets | $240.2M | $234.5M | $228.2M | $191.0M | $161.0M | $124.6M | $130.4M | $122.5M | $108.4M | $97.7M |
| Property, plant & equipment (net) | $233.5M | $1.60B | $1.51B | $1.27B | $1.20B | $1.07B | $1.10B | $1.03B | $981.5M | $968.6M |
| Goodwill & intangible assets | $379.2M | $377.6M | $387.8M | $173.4M | $179.4M | $35.3M | $35.5M | $35.1M | $35.5M | $36.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.50B | $97.3M | $139.3M | $71.4M | $54.9M | $41.5M | $45.4M | $31.8M | $22.5M | $25.6M |
| Total assets | $2.36B | $2.31B | $2.27B | $1.71B | $1.60B | $1.28B | $1.31B | $1.22B | $1.15B | $1.13B |
| Liabilities | ||||||||||
| Accounts payable | $66.2M | $60.1M | $152.8M | $149.2M | $125.3M | $100.0M | $99.2M | $90.8M | $86.4M | $78.2M |
| Short-term debt | $12.9M | $12.6M | $14.8M | $11.6M | $11.0M | $8.3M | $9.9M | $90.8M | $86.4M | $78.2M |
| Deferred revenue | $110.6M | $109.8M | $111.4M | $82.4M | $58.7M | $46.0M | $55.0M | $49.7M | $39.2M | $37.5M |
| Total current liabilities | $176.8M | $174.0M | $167.5M | $243.2M | $195.0M | $154.3M | $164.1M | $140.6M | $125.6M | $115.7M |
| Long-term debt | $250.0M | $590.2M | $763.0M | $413.7M | $426.5M | $222.8M | $293.4M | $298.6M | $303.4M | $326.3M |
| Other long-term liabilities | $693.3M | $419.4M | $404.3M | $246.9M | $242.4M | $216.1M | $218.3M | $206.7M | $194.6M | $292.0M |
| Total liabilities | $1.12B | $1.18B | $1.33B | $903.9M | $863.9M | $593.1M | $675.8M | $645.8M | $623.7M | $734.0M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $121.8M | $116.3M | $111.1M | $110.1M | $108.6M | $106.3M | $106.4M | $103.8M | $102.9M | $101.8M |
| Retained earnings (deficit) | $1.12B | $1.01B | $822.8M | $693.9M | $623.5M | $576.4M | $527.7M | $467.8M | $421.4M | $292.5M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | $0 | $0 | −$116,000 | −$78,000 | −$54,000 | −$104,000 | −$70,000 | −$49,000 | −$168,000 | −$55,000 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $1.24B | $1.12B | $933.8M | $803.9M | $732.0M | $682.6M | $634.0M | $571.5M | $524.2M | $394.3M |
| Key figures | ||||||||||
| Total debt | $527.8M | $602.8M | $777.7M | $425.3M | $437.4M | $231.0M | $303.4M | $389.4M | $389.8M | $404.5M |
| Net cash (debt) | −$527.5M | −$602.0M | −$776.9M | −$424.4M | −$436.0M | −$229.8M | −$301.0M | −$387.9M | −$387.3M | −$403.6M |
| Working capital | $63.4M | $60.4M | $60.7M | −$52.3M | −$34.0M | −$29.8M | −$33.7M | −$18.0M | −$17.3M | −$18.0M |
| Tangible book value | $857.8M | $745.8M | $546.0M | $630.5M | $552.6M | $647.3M | $598.5M | $536.5M | $488.7M | $357.9M |
| Book value per share | $50.22 | $45.72 | $38.07 | $32.79 | $29.86 | $27.83 | $25.75 | $23.29 | $21.60 | $16.45 |
| Shares outstanding | 24.6M | 24.6M | 24.5M | 24.5M | 24.5M | 24.5M | 24.6M | 24.5M | 24.3M | 24.0M |
| Current ratio | 1.36 | 1.35 | 1.36 | 0.79 | 0.83 | 0.81 | 0.79 | 0.87 | 0.86 | 0.84 |
| Quick ratio | 1.31 | 1.26 | 1.36 | 0.79 | 0.83 | 0.81 | 0.79 | 0.87 | 0.86 | 0.84 |
| Debt / equity | 0.43 | 0.54 | 0.83 | 0.53 | 0.60 | 0.34 | 0.48 | 0.68 | 0.74 | 1.03 |
| Equity / assets | 52.5% | 48.7% | 41.2% | 47.1% | 45.9% | 53.5% | 48.4% | 47.0% | 45.7% | 34.9% |
| 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 | $4.4M | $2.4M | $295,000 | $7.3M | $1.5M | $3.4M | $807,000 | $4.1M | $9.4M | $1.9M | $877,000 | $1.9M |
| Cash & equivalents | $4.4M | $2.4M | $295,000 | $7.3M | $1.5M | $3.4M | $807,000 | $4.1M | $9.4M | $1.9M | $877,000 | $1.9M |
| Receivables | $240.0M | $222.1M | $231.9M | $241.3M | $233.8M | $208.9M | $219.3M | $224.5M | $217.4M | $211.9M | $227.4M | $224.3M |
| Inventory | $15.2M | $11.1M | $8.0M | $13.4M | $12.3M | $17.1M | $14.3M | $22.3M | $28.2M | $24.5M | $15.4M | $1 |
| Other current assets | $117.0M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $376.6M | $235.6M | $240.2M | $262.0M | $247.6M | $229.4M | $234.5M | $250.9M | $255.0M | $213.9M | $228.2M | $226.2M |
| Property, plant & equipment (net) | $247.8M | $1.68B | $233.5M | $1.62B | $1.61B | $1.57B | $1.60B | $1.59B | $1.60B | $1.56B | $1.51B | $1.44B |
| Goodwill & intangible assets | $379.0M | $376.5M | $379.2M | $381.6M | $384.3M | $375.0M | $377.6M | $380.1M | $382.7M | $385.2M | $387.8M | $391.3M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.50B | $90.3M | $1.50B | $82.4M | $85.7M | $69.5M | $97.3M | $67.4M | $81.5M | $106.6M | $139.3M | $80.9M |
| Total assets | $2.50B | $2.38B | $2.36B | $2.35B | $2.33B | $2.24B | $2.31B | $2.29B | $2.32B | $2.26B | $2.27B | $2.14B |
| Liabilities | ||||||||||||
| Accounts payable | $73.6M | $54.8M | $66.2M | $55.1M | $54.9M | $43.0M | $60.1M | $76.2M | $73.1M | $57.2M | $152.8M | $223.0M |
| Short-term debt | $589.9M | — | — | — | — | — | $12.6M | −$109.4M | −$134.6M | $122.7M | $14.8M | $223.0M |
| Deferred revenue | $140.3M | $115.5M | $110.6M | $130.8M | $125.4M | $116.9M | $109.8M | $123.9M | $134.6M | $122.7M | $111.4M | $105.5M |
| Total current liabilities | $935.3M | $280.5M | $176.8M | $169.1M | $173.0M | $147.5M | $174.0M | $185.6M | $182.1M | $152.9M | $167.5M | $328.5M |
| Long-term debt | $589.9M | $546.0M | $250.0M | $551.8M | $572.5M | $559.3M | $590.2M | $608.6M | $794.3M | $798.6M | $763.0M | $667.6M |
| Other long-term liabilities | $0 | $314.9M | $693.3M | $433.8M | $418.3M | $399.1M | $419.4M | $397.4M | $387.8M | $369.0M | $404.3M | $229.1M |
| Total liabilities | $1.26B | $1.14B | $1.12B | $1.15B | $1.16B | $1.11B | $1.18B | $1.19B | $1.36B | $1.32B | $1.33B | $1.23B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $120.2M | $118.1M | $121.8M | $118.6M | $115.9M | $113.2M | $116.3M | $114.0M | $111.6M | $109.2M | $111.1M | $109.3M |
| Retained earnings (deficit) | $1.13B | $1.12B | $1.12B | $1.08B | $1.05B | $1.02B | $1.01B | $980.2M | $842.7M | $833.8M | $822.8M | $802.2M |
| Accumulated other comprehensive income | — | — | $0 | — | — | — | $0 | −$173,000 | −$38,000 | −$49,000 | −$116,000 | −$42,000 |
| Total shareholders' equity | $1.25B | $1.24B | $1.24B | $1.20B | $1.16B | $1.14B | $1.12B | $1.09B | $954.2M | $943.0M | $933.8M | $911.4M |
| Key figures | ||||||||||||
| Total debt | $589.9M | $546.0M | $514.9M | $551.8M | $572.5M | $559.3M | $602.8M | $608.6M | $794.3M | $798.6M | $777.7M | $667.6M |
| Net cash (debt) | −$585.5M | −$543.6M | −$514.6M | −$544.5M | −$571.1M | −$555.9M | −$602.0M | −$604.5M | −$784.9M | −$796.6M | −$776.9M | −$665.7M |
| Working capital | −$558.7M | −$44.9M | $63.4M | $93.0M | $74.5M | $81.9M | $60.4M | $65.3M | $72.9M | $61.0M | $60.7M | −$102.3M |
| Tangible book value | $866.5M | $860.2M | $857.8M | $814.6M | $778.9M | $761.4M | $745.8M | $713.9M | $571.6M | $557.8M | $546.0M | $520.1M |
| Book value per share | $50.85 | $50.14 | $50.19 | $48.54 | $47.25 | $46.15 | $45.69 | $44.53 | $38.85 | $38.39 | $38.06 | $37.16 |
| Shares outstanding | 24.5M | 24.7M | 24.6M | 24.6M | 24.6M | 24.6M | 24.6M | 24.6M | 24.6M | 24.6M | 24.5M | 24.5M |
| Current ratio | 0.40 | 0.84 | 1.36 | 1.55 | 1.43 | 1.56 | 1.35 | 1.35 | 1.40 | 1.40 | 1.36 | 0.69 |
| Quick ratio | 0.26 | 0.80 | 1.31 | 1.47 | 1.36 | 1.44 | 1.26 | 1.23 | 1.25 | 1.40 | 1.36 | 0.69 |
| Debt / equity | 0.47 | 0.44 | 0.42 | 0.46 | 0.49 | 0.49 | 0.54 | 0.56 | 0.83 | 0.85 | 0.83 | 0.73 |
| Equity / assets | 49.8% | 52.0% | 52.5% | 50.9% | 50.0% | 50.7% | 48.7% | 47.9% | 41.2% | 41.7% | 41.2% | 42.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 25, 2026); data from EODHD.
MGRC financial position
At the end of fiscal 2025 (December 31, 2025), McGrath RentCorp had total assets of $2.4 billion (up 2.2% from a year earlier), total liabilities of $1.1 billion and shareholders' equity of $1.2 billion. It held $0.3 million in cash and short-term investments against $527.8 million of debt, net debt of $527.5 million. Its current ratio was 1.36. In the latest quarter (ended June 30, 2026) total assets were $2.5 billion and equity $1.2 billion.
Related: MGRC income statement, MGRC cash flow statement, MGRC key metrics. See the MGRC stock overview for the latest quote and news.
MGRC balance sheet FAQ
What are McGrath RentCorp's total assets?
McGrath RentCorp reported total assets of $2.4 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.3 billion a year earlier.
How much debt does McGrath RentCorp have?
McGrath RentCorp had $527.8 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.43.
How much cash does McGrath RentCorp have?
McGrath RentCorp held $0.3 million in cash and short-term investments at the end of fiscal 2025; with $527.8 million of debt that is net debt of $527.5 million.
What is McGrath RentCorp's book value?
McGrath RentCorp's shareholders' equity (book value) was $1.2 billion at the end of fiscal 2025, or $50.22 per share.
What is McGrath RentCorp's current ratio?
McGrath RentCorp had current assets of $240.2 million and current liabilities of $176.8 million, a current ratio of 1.36 (it can cover its short-term obligations).
How much goodwill does McGrath RentCorp have?
McGrath RentCorp carried $379.2 million of goodwill and intangible assets, 16.1% of total assets, at the end of fiscal 2025.