MillerKnoll, Inc. (MLKN) Balance Sheet
MLKN balance sheet, FY2026
May 31, 2026 · U.S. dollars$4.00B assets = $2.59B liabilities + $1.41B equity
Both columns are drawn to the same scale: what MLKN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MLKN financial health
Current ratio1.58
Comfortable · current assets cover current liabilities 1.58×
Debt / equity1.34
Moderate leverage · $1.34 of debt for each $1 of equity
Equity / assets33.5%
Balanced · of assets funded by shareholders
Cash / debt9.3%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles39.9%
Acquisition-heavy · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
MLKN balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.31BFY2017 | $4.00BFY2026 | +13.2%/yr | |
| Total liabilities | $694.0MFY2017 | $2.59BFY2026 | +15.8%/yr | |
| Shareholders’ equity | $587.6MFY2017 | $1.34BFY2026 | +9.6%/yr | |
| Cash & short-term investments | $104.8MFY2017 | $167.7MFY2026 | +5.4%/yr | |
| Total debt | $199.9MFY2017 | $1.80BFY2026 | +27.7%/yr | |
| Net cash (debt) | −$95.1MFY2017 | −$1.63BFY2026 | −$1.5B | |
| Working capital | $106.2MFY2017 | $416.1MFY2026 | +$309.9M | |
| Book value per share | $9.70FY2017 | $19.33FY2026 | +8.0%/yr | |
| Current ratio | 1.28FY2017 | 1.58FY2026 | +0.30 | |
| Debt / equity | 0.34FY2017 | 1.34FY2026 | +1.00 | |
| Shares outstanding | 60.6MFY2017 | 69.4MFY2026 | +1.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MLKN assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
MLKN liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
MLKN debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MLKN balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $167.7M | $193.7M | $230.4M | $223.5M | $230.3M | $404.1M | $461.0M | $168.0M | $212.5M | $104.8M |
| Cash & equivalents | $167.7M | $193.7M | $230.4M | $223.5M | $230.3M | $396.4M | $454.0M | $159.2M | $203.9M | $96.2M |
| Short-term investments | — | — | — | — | $7.7M | $7.7M | $7.0M | $8.8M | $8.6M | $8.6M |
| Receivables | $375.7M | $377.1M | $330.5M | $363.5M | $380.9M | $221.1M | $199.5M | $252.3M | $219.3M | $186.6M |
| Inventory | $488.4M | $447.5M | $428.6M | $487.4M | $587.3M | $213.6M | $197.3M | $184.2M | $162.4M | $152.4M |
| Other current assets | $105.4M | $90.4M | $80.1M | $101.8M | $119.4M | $52.7M | $60.7M | $56.8M | $51.2M | $48.1M |
| Total current assets | $1.14B | $1.11B | $1.07B | $1.18B | $1.32B | $891.5M | $918.5M | $661.3M | $645.4M | $491.9M |
| Property, plant & equipment (net) | $957.2M | $907.3M | $867.6M | $952.2M | $1.01B | $541.9M | $524.7M | $348.6M | $331.4M | $314.6M |
| Goodwill & intangible assets | $1.60B | $1.83B | $1.97B | $2.02B | $2.09B | $567.0M | $551.2M | $423.0M | $423.5M | $428.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $308.5M | $101.8M | $135.3M | $130.9M | $99.2M | $61.5M | $48.7M | $136.4M | $79.2M | $71.8M |
| Total assets | $4.00B | $3.95B | $4.04B | $4.27B | $4.51B | $2.06B | $2.04B | $1.57B | $1.48B | $1.31B |
| Liabilities | ||||||||||
| Accounts payable | $279.1M | $271.3M | $241.4M | $269.5M | $355.1M | $178.4M | $128.8M | $177.7M | $171.4M | $148.4M |
| Short-term debt | $107.1M | $88.0M | $110.7M | $110.5M | $189.1M | $47.0M | $51.4M | $3.1M | $3.8M | — |
| Deferred revenue | — | $102.5M | $100.2M | $93.8M | $125.3M | $43.1M | $39.8M | $30.7M | $30.4M | $33.2M |
| Total current liabilities | $721.1M | $703.8M | $697.7M | $702.8M | $877.4M | $500.8M | $509.4M | $446.1M | $413.8M | $385.7M |
| Long-term debt | $1.26B | $1.31B | $1.29B | $1.37B | $274.9M | $274.9M | $539.9M | $281.9M | $275.0M | $0 |
| Lease obligations | $515.8M | $485.4M | $427.6M | $470.8M | $478.1M | $196.9M | $178.8M | — | — | — |
| Other long-term liabilities | $612.8M | $600.7M | $595.2M | $666.7M | $1.83B | $359.6M | $300.4M | $101.5M | $95.4M | $308.3M |
| Total liabilities | $2.59B | $2.62B | $2.58B | $2.73B | $2.98B | $1.14B | $1.35B | $829.5M | $784.2M | $694.0M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $13.6M | $13.6M | $14.1M | $15.1M | $15.2M | $11.8M | $11.8M | $11.7M | $11.7M | $11.9M |
| Retained earnings (deficit) | $704.0M | $665.1M | $738.4M | $676.1M | $693.3M | $808.4M | $683.9M | $712.7M | $598.3M | $519.5M |
| Accumulated other comprehensive income | −$69.3M | −$82.0M | −$92.7M | −$95.1M | −$107.1M | −$65.3M | −$134.3M | −$95.0M | −$62.0M | −$83.2M |
| Minority interest | $63.3M | $59.3M | $73.9M | $107.6M | — | — | — | — | — | — |
| Total shareholders' equity | $1.34B | $1.28B | $1.39B | $1.43B | $1.43B | $849.6M | $643.0M | $719.2M | $664.6M | $587.6M |
| Key figures | ||||||||||
| Total debt | $1.80B | $1.81B | $1.76B | $1.87B | $1.97B | $518.8M | $770.1M | $281.9M | $275.0M | $199.9M |
| Net cash (debt) | −$1.63B | −$1.62B | −$1.53B | −$1.65B | −$1.74B | −$114.7M | −$309.1M | −$113.9M | −$62.5M | −$95.1M |
| Working capital | $416.1M | $404.9M | $371.9M | $473.4M | $440.5M | $390.7M | $409.1M | $215.2M | $231.6M | $106.2M |
| Tangible book value | −$254.9M | −$556.6M | −$586.0M | −$582.9M | −$662.5M | $282.6M | $91.8M | $296.2M | $241.1M | $159.6M |
| Book value per share | $19.33 | $18.50 | $18.73 | $18.84 | $19.51 | $14.31 | $10.91 | $12.11 | $11.02 | $9.70 |
| Shares outstanding | 69.4M | 69.0M | 74.0M | 76.0M | 73.2M | 59.4M | 58.9M | 59.4M | 60.3M | 60.6M |
| Current ratio | 1.58 | 1.58 | 1.53 | 1.67 | 1.50 | 1.78 | 1.80 | 1.48 | 1.56 | 1.28 |
| Quick ratio | 0.75 | 0.81 | 0.80 | 0.84 | 0.70 | 1.25 | 1.30 | 0.94 | 1.04 | 0.76 |
| Debt / equity | 1.34 | 1.42 | 1.27 | 1.30 | 1.38 | 0.61 | 1.20 | 0.39 | 0.41 | 0.34 |
| Equity / assets | 33.5% | 32.3% | 34.3% | 33.5% | 31.6% | 41.2% | 31.5% | 45.8% | 44.9% | 45.0% |
| Aug '26 | May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $178.6M | $167.7M | $174.6M | $180.4M | $167.2M | $193.7M | $169.8M | $221.1M | $209.7M | $230.4M | $223.6M | $225.8M |
| Cash & equivalents | $178.6M | $167.7M | $174.6M | $180.4M | $167.2M | $193.7M | $169.8M | $221.1M | $209.7M | $230.4M | $223.6M | $225.8M |
| Receivables | $344.4M | $375.7M | $343.3M | $361.9M | $365.3M | $377.1M | $346.0M | $371.5M | $319.6M | $330.5M | $318.7M | $344.8M |
| Inventory | $514.7M | $488.4M | $491.8M | $477.8M | $465.8M | $447.5M | $425.5M | $430.6M | $440.5M | $428.6M | $437.4M | $448.2M |
| Other current assets | $102.3M | $105.4M | $112.3M | $98.3M | $91.5M | $90.4M | $199.3M | $102.6M | $102.0M | $80.1M | $103.7M | $95.5M |
| Total current assets | $1.14B | $1.14B | $1.12B | $1.12B | $1.09B | $1.11B | $1.14B | $1.13B | $1.07B | $1.07B | $1.08B | $1.11B |
| Property, plant & equipment (net) | $966.6M | $957.2M | $914.6M | $911.1M | $914.7M | $907.3M | $865.1M | $857.9M | $862.3M | $867.6M | $883.0M | $900.4M |
| Goodwill & intangible assets | $1.59B | $1.60B | $1.60B | $1.59B | $1.60B | $1.83B | $1.79B | $1.94B | $1.97B | $1.97B | $2.00B | $2.01B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $302.3M | $308.5M | $310.9M | $326.5M | $338.9M | $101.8M | $99.8M | $112.3M | $110.4M | $135.3M | $132.9M | $133.5M |
| Total assets | $4.00B | $4.00B | $3.95B | $3.95B | $3.94B | $3.95B | $3.90B | $4.04B | $4.02B | $4.04B | $4.10B | $4.16B |
| Liabilities | ||||||||||||
| Accounts payable | $253.5M | $279.1M | $264.1M | $257.1M | $253.6M | $271.3M | $238.1M | $244.7M | $236.1M | $241.4M | $242.0M | $250.7M |
| Short-term debt | $110.1M | $107.1M | $103.6M | $98.5M | $92.1M | $88.0M | $119.8M | $191.3M | $119.0M | $110.7M | $112.0M | $114.9M |
| Deferred revenue | — | — | $90.3M | $80.2M | $86.4M | $102.5M | $96.3M | $96.7M | $105.0M | $100.2M | $85.5M | $92.9M |
| Total current liabilities | $692.3M | $721.1M | $682.1M | $671.7M | $652.0M | $703.8M | $683.1M | $703.7M | $675.7M | $697.7M | $680.5M | $713.8M |
| Long-term debt | $0 | $1.26B | $1.28B | $1.32B | $1.33B | $1.31B | $1.28B | $1.34B | $1.32B | $1.29B | $1.29B | $1.28B |
| Lease obligations | — | $515.8M | $481.5M | $478.5M | $484.7M | $485.4M | $462.3M | $447.5M | $448.2M | $427.6M | $426.3M | $436.8M |
| Other long-term liabilities | $1.89B | $612.8M | $592.9M | $592.7M | $599.1M | $600.7M | $606.5M | $605.1M | $610.3M | $595.2M | $626.1M | $633.3M |
| Total liabilities | $2.58B | $2.59B | $2.55B | $2.59B | $2.58B | $2.62B | $2.57B | $2.65B | $2.61B | $2.58B | $2.60B | $2.63B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $13.7M | $13.6M | $13.7M | $13.7M | $13.7M | $13.6M | $13.5M | $13.7M | $13.9M | $14.1M | $14.3M | $14.6M |
| Retained earnings (deficit) | $717.7M | $704.0M | $694.4M | $684.2M | $672.9M | $665.1M | $719.6M | $745.1M | $724.0M | $738.4M | $707.1M | $698.6M |
| Accumulated other comprehensive income | −$72.7M | −$69.3M | −$64.9M | −$82.2M | −$69.3M | −$82.0M | −$149.5M | −$128.3M | −$98.5M | −$92.7M | −$88.6M | −$84.1M |
| Minority interest | — | $63.3M | $62.8M | $63.1M | $62.9M | $59.3M | — | — | — | — | — | — |
| Total shareholders' equity | $1.36B | $1.34B | $1.34B | $1.30B | $1.30B | $1.28B | $1.25B | $1.31B | $1.33B | $1.39B | $1.39B | $1.42B |
| Key figures | ||||||||||||
| Total debt | $1.82B | $1.80B | $1.78B | $2.22B | $1.83B | $1.81B | $1.79B | $1.84B | $1.82B | $1.76B | $1.76B | $1.75B |
| Net cash (debt) | −$1.64B | −$1.63B | −$1.61B | −$2.04B | −$1.66B | −$1.62B | −$1.62B | −$1.62B | −$1.61B | −$1.53B | −$1.53B | −$1.53B |
| Working capital | $447.7M | $416.1M | $439.9M | $446.7M | $437.8M | $404.9M | $457.5M | $422.1M | $396.1M | $371.9M | $402.9M | $400.5M |
| Tangible book value | −$237.8M | −$254.9M | −$268.5M | −$292.4M | −$298.1M | −$556.6M | −$535.8M | −$629.4M | −$642.1M | −$586.0M | −$604.9M | −$586.7M |
| Book value per share | $19.36 | $19.33 | $19.33 | $18.83 | $18.78 | $18.74 | $18.35 | $18.72 | $18.98 | $19.68 | $18.76 | $19.14 |
| Shares outstanding | 70.0M | 69.4M | 69.1M | 69.0M | 69.2M | 68.1M | 68.4M | 70.0M | 70.2M | 70.4M | 74.1M | 74.2M |
| Current ratio | 1.65 | 1.58 | 1.64 | 1.67 | 1.67 | 1.58 | 1.67 | 1.60 | 1.59 | 1.53 | 1.59 | 1.56 |
| Quick ratio | 0.76 | 0.75 | 0.76 | 0.81 | 0.82 | 0.81 | 0.76 | 0.84 | 0.78 | 0.80 | 0.80 | 0.80 |
| Debt / equity | 1.34 | 1.34 | 1.33 | 1.71 | 1.41 | 1.42 | 1.43 | 1.40 | 1.36 | 1.27 | 1.26 | 1.23 |
| Equity / assets | 33.9% | 33.5% | 33.8% | 32.9% | 33.0% | 32.3% | 32.2% | 32.5% | 33.2% | 34.3% | 34.0% | 34.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed July 20, 2026); data from EODHD.
MLKN financial position
At the end of fiscal 2026 (May 31, 2026), MillerKnoll had total assets of $4.0 billion (up 1.2% from a year earlier), total liabilities of $2.6 billion and shareholders' equity of $1.3 billion. It held $167.7 million in cash and short-term investments against $1.8 billion of debt, net debt of $1.6 billion. Its current ratio was 1.58. In the latest quarter (ended August 31, 2026) total assets were $4.0 billion and equity $1.4 billion.
Related: MLKN income statement, MLKN cash flow statement, MLKN key metrics. See the MLKN stock overview for the latest quote and news.
MLKN balance sheet FAQ
What are MillerKnoll's total assets?
MillerKnoll reported total assets of $4.0 billion at the end of fiscal 2026 (May 31, 2026), compared with $4.0 billion a year earlier.
How much debt does MillerKnoll have?
MillerKnoll had $1.8 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.34.
How much cash does MillerKnoll have?
MillerKnoll held $167.7 million in cash and short-term investments at the end of fiscal 2026; with $1.8 billion of debt that is net debt of $1.6 billion.
What is MillerKnoll's book value?
MillerKnoll's shareholders' equity (book value) was $1.3 billion at the end of fiscal 2026, or $19.33 per share.
What is MillerKnoll's current ratio?
MillerKnoll had current assets of $1.1 billion and current liabilities of $721.1 million, a current ratio of 1.58 (it can cover its short-term obligations).
How much goodwill does MillerKnoll have?
MillerKnoll carried $1.6 billion of goodwill and intangible assets, 39.9% of total assets, at the end of fiscal 2026.