Maui Land & Pineapple Company, Inc. (MLP) Balance Sheet
MLP balance sheet, 2025
December 31, 2025 · U.S. dollars$48.0M assets = $14.9M liabilities + $33.1M equity
Both columns are drawn to the same scale: what MLP owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MLP financial health
Descriptive bands, not a rating. Fiscal 2025.
MLP balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $38.9M2016 | $48.0M2025 | +2.4%/yr | |
| Total liabilities | $21.1M2016 | $14.9M2025 | −3.8%/yr | |
| Shareholders’ equity | $17.7M2016 | $33.1M2025 | +7.2%/yr | |
| Cash & short-term investments | $602,0002016 | $5.3M2025 | +27.3%/yr | |
| Total debt | $7.7M2016 | $4.7M2025 | −5.3%/yr | |
| Net cash (debt) | −$7.1M2016 | $589,0002025 | +$7.7M | |
| Working capital | $356,0002016 | $1.7M2025 | +$1.4M | |
| Book value per share | $0.942016 | $1.652025 | +6.5%/yr | |
| Current ratio | 1.152016 | 1.242025 | +0.09 | |
| Debt / equity | 0.432016 | 0.142025 | −0.29 | |
| Shares outstanding | 18.9M2016 | 20.0M2025 | +0.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MLP assets
MLP liabilities and equity
MLP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MLP balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $5.3M | $9.5M | $8.4M | $10.9M | $5.6M | $869,000 | $683,000 | $624,000 | $1.0M | $602,000 |
| Cash & equivalents | $5.3M | $6.8M | $5.7M | $8.5M | $5.6M | $869,000 | $683,000 | $624,000 | $1.0M | $602,000 |
| Short-term investments | $0 | $2.7M | $2.7M | $2.4M | $0 | — | — | — | $0 | $0 |
| Receivables | $1.4M | $5.0M | $1.2M | $892,000 | $1.1M | $1.4M | $1.2M | $989,000 | $940,000 | $1.5M |
| Inventory | $0 | $0 | $1 | $3.0M | $3.1M | $7.4M | $7.6M | $212,000 | $212,000 | $459,000 |
| Other current assets | $2.4M | $589,000 | $466,999 | $368,000 | $333,000 | $80,000 | $101,000 | $2.4M | $159,000 | $190,000 |
| Total current assets | $9.1M | $15.1M | $10.0M | $15.2M | $10.2M | $9.8M | $9.6M | $4.3M | $2.3M | $2.8M |
| Property, plant & equipment (net) | $18.8M | $17.4M | $16.1M | $15.9M | $17.0M | $18.5M | $19.7M | $29.2M | $30.7M | $25.7M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $968,000 | $2.1M | $551,000 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $20.1M | $16.6M | $14.1M | $10.8M | $10.7M | $10.2M | $9.8M | $14.6M | $11.8M | $10.4M |
| Total assets | $48.0M | $50.1M | $42.2M | $42.4M | $37.9M | $38.5M | $39.1M | $48.1M | $44.8M | $38.9M |
| Liabilities | ||||||||||
| Accounts payable | $2.8M | $2.3M | $1.2M | $589,000 | $580,000 | $899,000 | $1.4M | $2.0M | $696,000 | $569,000 |
| Short-term debt | $191,000 | $3.1M | $1.3M | $0 | $1.1M | $200,000 | $0 | $1.2M | $733,000 | $816,000 |
| Deferred revenue | $833,000 | $4.0M | $217,000 | $227,000 | $217,000 | $260,000 | −$1.0M | $979,000 | $215,000 | $409,000 |
| Total current liabilities | $7.4M | $11.2M | $2.5M | $2.3M | $2.4M | $2.9M | $3.0M | $4.7M | $1.8M | $2.4M |
| Long-term debt | $4.3M | $168,000 | $0 | $0 | $0 | $0 | $1.0M | $0 | $1.2M | $6.9M |
| Lease obligations | $519,000 | $24,000 | — | — | — | — | — | — | — | — |
| Other long-term liabilities | $3.2M | $5.6M | $5.0M | $6.3M | $11.9M | $15.5M | $12.4M | $12.5M | $10.6M | $11.9M |
| Total liabilities | $14.9M | $17.0M | $7.5M | $8.6M | $14.3M | $18.4M | $16.4M | $17.2M | $13.7M | $21.1M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $87.6M | $85.9M | $84.7M | $83.4M | $82.4M | $81.5M | $80.6M | $79.4M | $78.6M | $78.1M |
| Retained earnings (deficit) | −$71.6M | −$61.0M | −$53.6M | −$50.5M | −$52.3M | −$48.9M | −$46.3M | −$35.9M | −$36.4M | −$47.3M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$276,000 | −$6.9M | −$6.9M | −$8.3M | −$15.6M | −$21.7M | −$20.8M | −$21.8M | −$20.3M | −$22.3M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $33.1M | $33.2M | $34.7M | $33.8M | $23.6M | $20.1M | $22.7M | $30.9M | $31.1M | $17.7M |
| Key figures | ||||||||||
| Total debt | $4.7M | $3.3M | $1.7M | $4.6M | $4.7M | $200,000 | $1.0M | $1.2M | $2.0M | $7.7M |
| Net cash (debt) | $589,000 | $6.3M | $6.6M | $6.4M | $938,000 | $669,000 | −$352,000 | −$611,000 | −$939,000 | −$7.1M |
| Working capital | $1.7M | $3.9M | $7.5M | $12.9M | $7.8M | $6.8M | $6.6M | −$429,000 | $493,000 | $356,000 |
| Tangible book value | $33.1M | $33.2M | $34.7M | $33.8M | $23.6M | $20.1M | $22.7M | $30.9M | $31.1M | $17.7M |
| Book value per share | $1.65 | $1.69 | $1.76 | $1.74 | $1.22 | $1.04 | $1.18 | $1.62 | $1.63 | $0.94 |
| Shares outstanding | 20.0M | 19.6M | 19.7M | 19.4M | 19.4M | 19.3M | 19.2M | 19.1M | 19.1M | 18.9M |
| Current ratio | 1.24 | 1.35 | 4.03 | 6.60 | 4.25 | 3.31 | 3.24 | 0.91 | 1.27 | 1.15 |
| Quick ratio | 0.91 | 1.30 | 3.85 | 5.12 | 2.79 | 0.76 | 0.63 | 0.34 | 1.07 | 0.88 |
| Debt / equity | 0.14 | 0.10 | 0.05 | 0.14 | 0.20 | 0.01 | 0.05 | 0.04 | 0.06 | 0.43 |
| Equity / assets | 68.9% | 66.2% | 82.2% | 79.6% | 62.2% | 52.2% | 58.0% | 64.3% | 69.5% | 45.6% |
| 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 | $3.3M | $3.8M | $5.3M | $5.0M | $7.0M | $9.5M | $9.5M | $9.1M | $6.7M | $8.0M | $8.4M | $9.5M |
| Cash & equivalents | $3.3M | $3.8M | $5.3M | $4.9M | $6.5M | $7.9M | $6.8M | $6.1M | $3.7M | $5.4M | $5.7M | $6.8M |
| Short-term investments | — | — | $0 | $120,000 | $492,000 | $1.6M | $2.7M | $3.0M | $2.9M | $2.6M | $2.7M | $2.8M |
| Receivables | $1.7M | $1.9M | $1.4M | $2.4M | $1.8M | $2.6M | $5.0M | $1.5M | $1.3M | $1.3M | $1.2M | $869,000 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $3.1M |
| Other current assets | $2.7M | $2.3M | $2.4M | $2.7M | $2.5M | $457,000 | $589,000 | $795,000 | $644,000 | $347,000 | $466,999 | $739,000 |
| Total current assets | $7.7M | $8.0M | $9.1M | $10.1M | $11.4M | $12.6M | $15.1M | $11.4M | $8.7M | $9.6M | $10.0M | $14.3M |
| Property, plant & equipment (net) | $19.4M | $18.7M | $18.8M | $17.5M | $17.5M | $17.4M | $17.4M | $17.1M | $16.3M | $16.0M | $16.1M | $16.0M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $42,000 | $42,000 | $968,000 | $1.7M | $1.9M | $2.2M | $2.1M | $333,000 |
| Other non-current assets | $22.6M | $21.2M | $20.1M | $18.2M | $16.8M | $17.3M | $16.6M | $15.7M | $15.0M | $14.2M | $14.1M | $10.8M |
| Total assets | $49.6M | $47.9M | $48.0M | $45.8M | $45.7M | $47.2M | $50.1M | $45.9M | $41.9M | $42.1M | $42.2M | $41.4M |
| Liabilities | ||||||||||||
| Accounts payable | $1.6M | $1.7M | $2.8M | $2.1M | $2.3M | $2.5M | $2.3M | $2.3M | $1.3M | $1.4M | $1.2M | $1.1M |
| Short-term debt | $230,000 | $173,000 | $0 | $3.1M | $3.1M | $3.1M | $3.1M | $85,000 | $573,000 | $1.1M | $1.3M | $925,000 |
| Deferred revenue | $975,000 | $1.1M | — | $904,000 | $1.0M | $2.0M | $4.0M | $307,000 | $513,000 | $308,000 | $217,000 | $289,000 |
| Total current liabilities | $6.5M | $173,000 | $7.4M | $7.3M | $14.7M | $15.8M | $11.2M | $4.0M | $2.9M | $2.5M | $2.5M | $2.8M |
| Long-term debt | $8.7M | $6.6M | $4.1M | $123,000 | $144,000 | $156,000 | $168,000 | $3.2M | $0 | $0 | $0 | $0 |
| Lease obligations | $508,000 | $549,000 | $519,000 | — | — | — | $24,000 | — | — | — | — | — |
| Other long-term liabilities | $3.3M | $9.1M | $3.4M | $4.6M | $4.6M | $4.6M | $5.6M | $4.7M | $4.8M | $5.0M | $5.0M | $6.2M |
| Total liabilities | $18.6M | $15.8M | $14.9M | $12.1M | $19.4M | $20.5M | $17.0M | $11.9M | $7.7M | $7.5M | $7.5M | $9.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $88.7M | $88.3M | $87.6M | $87.3M | $87.1M | $86.8M | $85.9M | $85.8M | $85.4M | $85.2M | $84.7M | $84.6M |
| Retained earnings (deficit) | −$75.3M | −$73.6M | −$71.6M | −$70.4M | −$70.6M | −$69.6M | −$61.0M | −$59.1M | −$56.9M | −$55.0M | −$53.6M | −$54.2M |
| Accumulated other comprehensive income | −$276,000 | −$276,000 | — | −$213,999 | −$6.8M | −$6.8M | −$6.9M | −$6.7M | −$6.8M | −$6.8M | −$6.9M | −$8.0M |
| Total shareholders' equity | $31.1M | $32.1M | $33.1M | $33.7M | $26.3M | $26.7M | $33.2M | $34.0M | $34.2M | $34.6M | $34.7M | $32.4M |
| Key figures | ||||||||||||
| Total debt | $9.3M | $7.2M | $4.1M | $3.2M | $3.2M | $3.2M | $3.3M | $3.3M | $573,000 | $1.1M | $1.3M | $925,000 |
| Net cash (debt) | −$6.0M | −$3.4M | $1.2M | $1.8M | $3.8M | $6.2M | $6.3M | $5.8M | $6.1M | $6.8M | $7.0M | $8.6M |
| Working capital | $1.1M | $7.8M | $1.7M | $2.8M | −$3.3M | −$3.2M | $3.9M | $7.4M | $5.8M | $7.0M | $7.5M | $11.5M |
| Tangible book value | $31.1M | $32.1M | $33.1M | $33.7M | $26.3M | $26.7M | $33.2M | $34.0M | $34.2M | $34.6M | $34.7M | $32.4M |
| Book value per share | $1.55 | $1.60 | $1.67 | $1.69 | $1.32 | $1.35 | $1.69 | $1.73 | $1.75 | $1.76 | $1.74 | $1.66 |
| Shares outstanding | 20.0M | 20.0M | 19.8M | 20.0M | 20.0M | 19.7M | 19.7M | 19.6M | 19.6M | 19.6M | 20.0M | 19.6M |
| Current ratio | 1.17 | 46.23 | 1.24 | 1.38 | 0.77 | 0.80 | 1.35 | 2.86 | 2.97 | 3.75 | 4.03 | 5.08 |
| Quick ratio | 0.76 | 33.14 | 0.91 | 1.02 | 0.60 | 0.77 | 1.30 | 2.66 | 2.75 | 3.62 | 3.85 | 3.70 |
| Debt / equity | 0.30 | 0.23 | 0.12 | 0.10 | 0.12 | 0.12 | 0.10 | 0.10 | 0.02 | 0.03 | 0.04 | 0.03 |
| Equity / assets | 62.6% | 67.0% | 68.9% | 73.6% | 57.5% | 56.6% | 66.2% | 74.0% | 81.6% | 82.2% | 82.2% | 78.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 1, 2026); data from EODHD.
MLP financial position
At the end of fiscal 2025 (December 31, 2025), Maui Land & Pineapple had total assets of $48.0 million (down 4.3% from a year earlier), total liabilities of $14.9 million and shareholders' equity of $33.1 million. It held $5.3 million in cash and short-term investments against $4.7 million of debt, a net cash position of $0.6 million. Its current ratio was 1.24. In the latest quarter (ended June 30, 2026) total assets were $49.6 million and equity $31.1 million.
Related: MLP income statement, MLP cash flow statement, MLP key metrics. See the MLP stock overview for the latest quote and news.
MLP balance sheet FAQ
What are Maui Land & Pineapple's total assets?
Maui Land & Pineapple reported total assets of $48.0 million at the end of fiscal 2025 (December 31, 2025), compared with $50.1 million a year earlier.
How much debt does Maui Land & Pineapple have?
Maui Land & Pineapple had $4.7 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.14.
How much cash does Maui Land & Pineapple have?
Maui Land & Pineapple held $5.3 million in cash and short-term investments at the end of fiscal 2025; with $4.7 million of debt that is net cash of $0.6 million.
What is Maui Land & Pineapple's book value?
Maui Land & Pineapple's shareholders' equity (book value) was $33.1 million at the end of fiscal 2025, or $1.65 per share.
What is Maui Land & Pineapple's current ratio?
Maui Land & Pineapple had current assets of $9.1 million and current liabilities of $7.4 million, a current ratio of 1.24 (it can cover its short-term obligations).