The Magnum Ice Cream Company N.V. (MICC) Balance Sheet

NYSE: MICCAssets, liabilities, debt and equity over 5 years.

MICC balance sheet, 2025

December 31, 2025 · euros

€7.49B assets = €6.86B liabilities + €633.0M equity

What it owns€7.49BCash & ST investments: €478.0M (6.4%)€478.0MReceivables: €1.80B (24.1%)Receivables€1.80B · 24%Inventory: €873.0M (11.7%)Inventory€873.0M · 12%Other current: €1.0M (0.0%)PP&E: €2.31B (30.8%)PP&E€2.31B · 31%Goodwill & intangibles: €1.24B (16.6%)Goodwill & intangibles€1.24B · 17%Other non-current: €784.0M (10.5%)Other non-current €784.0M=How it is financed€7.49BCurrent liabilities: €3.11B (41.5%)Current liabilities€3.11B · 41%Long-term debt: €3.08B (41.1%)Long-term debt€3.08B · 41%Other LT liabilities: €670.0M (8.9%)€670.0MShareholders’ equity: €633.0M (8.5%)€633.0M

Both columns are drawn to the same scale: what MICC owns equals what it owes plus shareholders’ equity. Hover a block for its value.

MICC financial health

Current ratio1.02
Adequate · current assets cover current liabilities 1.02×
Debt / equity5.21
High leverage · €5.21 of debt for each $1 of equity
Equity / assets8.3%
Thin equity · of assets funded by shareholders
Cash / debt14.7%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles16.6%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

MICC balance sheet trends, 2021–2025

MetricTrendThenLatestChange
Total assets€4.25B2021€7.49B2025+15.2%/yr
Total liabilities€2.63B2021€6.86B2025+27.1%/yr
Shareholders’ equity€1.60B2021€625.0M2025−20.9%/yr
Cash & short-term investments€64.0M2021€478.0M2025+65.3%/yr
Total debt€184.0M2021€3.25B2025+105.1%/yr
Net cash (debt)−€120.0M2021−€2.78B2025−€2.7B
Working capital−€575.0M2021€50.0M2025+€625.0M
Current ratio0.6820211.022025+0.33
Debt / equity0.1220215.212025+5.09
Shares outstanding612.3M2021616.0M2025+0.2%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

MICC assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

MICC liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

MICC debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

MICC balance sheet in euros

20252024202320222021
Assets
Cash & short-term investments€478.0M€179.0M€59.0M€53.0M€64.0M
Cash & equivalents€441.0M€70.0M€52.0M€44.0M€51.0M
Short-term investments€37.0M€109.0M€7.0M€9.0M€13.0M
Receivables€1.80B€413.0M€430.0M€446.0M€325.0M
Inventory€873.0M€920.0M€915.0M€991.0M€751.0M
Other current assets€1.0M€117.0M€109.0M€135.0M€89.0M
Total current assets€3.16B€1.63B€1.51B€1.62B€1.23B
Property, plant & equipment (net)€2.31B€2.35B€2.23B€2.25B€2.14B
Goodwill & intangible assets€1.24B€1.38B€1.31B€653.0M€630.0M
Long-term investments€0€0€0€0€0
Other non-current assets€784.0M€159.0M€214.0M€221.0M€255.0M
Total assets€7.49B€5.52B€5.27B€4.75B€4.25B
Liabilities
Accounts payable€2.06B€1.18B€1.16B€1.21B€1.08B
Short-term debt€77.0M€85.0M€73.0M€73.0M€62.0M
Total current liabilities€3.11B€2.03B€1.96B€2.00B€1.80B
Long-term debt€3.08B€0€9.0M€9.0M€0
Lease obligations€143.0M€144.0M€156.0M€144.0M€163.0M
Other long-term liabilities€670.0M€691.0M€773.0M€763.0M€823.0M
Total liabilities€6.86B€2.72B€2.74B€2.77B€2.63B
Shareholders' equity
Common stock & paid-in capital€2.14B€2.38B€2.38B€1.77B€1.60B
Retained earnings (deficit)−€172.0M€0———
Accumulated other comprehensive income−€7.14B————
Minority interest€8.0M€23.0M€25.0M€25.0M—
Total shareholders' equity€625.0M€2.78B€2.51B€1.95B€1.60B
Key figures
Total debt€3.25B€188.0M€197.0M€188.0M€184.0M
Net cash (debt)−€2.78B−€9.0M−€138.0M−€135.0M−€120.0M
Working capital€50.0M−€400.0M−€443.0M−€370.0M−€575.0M
Tangible book value−€616.0M€1.40B€1.20B€1.30B€967.0M
Shares outstanding616.0M612.3M612.3M612.3M612.3M
Current ratio1.020.800.770.810.68
Quick ratio0.730.290.250.250.22
Debt / equity5.210.070.080.100.12
Equity / assets8.3%50.3%47.6%41.2%37.6%

Quarterly columns are labeled by the month the quarter ended. Figures in euros as reported (latest annual report filed March 18, 2026); data from EODHD.

MICC financial position

At the end of fiscal 2025 (December 31, 2025), Magnum Ice Cream had total assets of €7.5 billion (up 35.6% from a year earlier), total liabilities of €6.9 billion and shareholders' equity of €625.0 million. It held €478.0 million in cash and short-term investments against €3.3 billion of debt, net debt of €2.8 billion. Its current ratio was 1.02. In the latest quarter (ended June 30, 2026) total assets were €9.8 billion and equity €1.1 billion.

Related: MICC income statement, MICC cash flow statement, MICC key metrics. See the MICC stock overview for the latest quote and news.

MICC balance sheet FAQ

What are Magnum Ice Cream's total assets?

Magnum Ice Cream reported total assets of €7.5 billion at the end of fiscal 2025 (December 31, 2025), compared with €5.5 billion a year earlier.

How much debt does Magnum Ice Cream have?

Magnum Ice Cream had €3.3 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 5.21.

How much cash does Magnum Ice Cream have?

Magnum Ice Cream held €478.0 million in cash and short-term investments at the end of fiscal 2025; with €3.3 billion of debt that is net debt of €2.8 billion.

What is Magnum Ice Cream's book value?

Magnum Ice Cream's shareholders' equity (book value) was €625.0 million at the end of fiscal 2025.

What is Magnum Ice Cream's current ratio?

Magnum Ice Cream had current assets of €3.2 billion and current liabilities of €3.1 billion, a current ratio of 1.02 (it can cover its short-term obligations).

How much goodwill does Magnum Ice Cream have?

Magnum Ice Cream carried €1.2 billion of goodwill and intangible assets, 16.6% of total assets, at the end of fiscal 2025.

Packaged Foods: balance sheet