Monro, Inc. (MNRO) Balance Sheet
MNRO balance sheet, FY2026
March 31, 2026 · U.S. dollars$1.57B assets = $976.5M liabilities + $591.5M equity
Both columns are drawn to the same scale: what MNRO owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MNRO financial health
Current ratio0.46
Tight · current assets cover current liabilities 0.46×
Debt / equity0.82
Moderate leverage · $0.82 of debt for each $1 of equity
Equity / assets37.7%
Balanced · of assets funded by shareholders
Cash / debt3.0%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles47.5%
Acquisition-heavy · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
MNRO balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.19BFY2017 | $1.57BFY2026 | +3.2%/yr | |
| Total liabilities | $604.0MFY2017 | $976.5MFY2026 | +5.5%/yr | |
| Shareholders’ equity | $581.3MFY2017 | $591.5MFY2026 | +0.2%/yr | |
| Cash & short-term investments | $9.0MFY2017 | $14.6MFY2026 | +5.6%/yr | |
| Total debt | $410.8MFY2017 | $485.9MFY2026 | +1.9%/yr | |
| Net cash (debt) | −$401.8MFY2017 | −$471.3MFY2026 | −$69.5M | |
| Working capital | $13.3MFY2017 | −$281.2MFY2026 | −$294.5M | |
| Book value per share | $17.45FY2017 | $19.71FY2026 | +1.4%/yr | |
| Current ratio | 1.07FY2017 | 0.46FY2026 | −0.61 | |
| Debt / equity | 0.71FY2017 | 0.82FY2026 | +0.11 | |
| Shares outstanding | 33.3MFY2017 | 30.0MFY2026 | −1.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MNRO assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
MNRO liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
MNRO debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MNRO balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $14.6M | $20.8M | $6.6M | $4.9M | $7.9M | $30.0M | $345.5M | $6.2M | $1.9M | $9.0M |
| Cash & equivalents | $14.6M | $20.8M | $6.6M | $4.9M | $7.9M | $30.0M | $345.5M | $6.2M | $1.9M | $9.0M |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $0 |
| Receivables | $45.4M | $35.2M | $41.1M | $52.0M | $32.7M | $41.2M | $38.8M | $34.4M | $31.9M | $29.3M |
| Inventory | $155.3M | $181.5M | $154.1M | $147.4M | $166.3M | $162.3M | $187.4M | $171.0M | $152.4M | $142.6M |
| Other current assets | $21.4M | $39.9M | $51.5M | $54.2M | $38.6M | $33.0M | $24.3M | $28.3M | $21.1M | $18.3M |
| Total current assets | $236.6M | $277.4M | $253.3M | $258.5M | $245.5M | $266.5M | $596.0M | $239.9M | $207.3M | $199.2M |
| Property, plant & equipment (net) | $417.8M | $600.3M | $663.7M | $733.3M | $797.2M | $805.8M | $724.9M | $440.6M | $416.7M | $394.6M |
| Goodwill & intangible assets | $744.2M | $746.8M | $749.7M | $753.0M | $803.4M | $715.6M | $701.6M | $616.6M | $572.0M | $556.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $169.4M | $17.3M | $26.1M | $32.1M | $25.3M | $23.9M | $26.9M | $15.2M | $22.5M | $35.4M |
| Total assets | $1.57B | $1.64B | $1.69B | $1.78B | $1.87B | $1.81B | $2.05B | $1.31B | $1.22B | $1.19B |
| Liabilities | ||||||||||
| Accounts payable | $313.7M | $322.6M | $251.9M | $261.7M | $132.0M | $112.4M | $99.5M | $103.6M | $84.6M | $79.5M |
| Short-term debt | $76.5M | $79.8M | $77.7M | $77.5M | $76.8M | $68.7M | $62.4M | $22.2M | $19.0M | $15.3M |
| Deferred revenue | $13.2M | $14.7M | $15.2M | $15.4M | $14.2M | $12.0M | $13.1M | $12.1M | $69.3M | $71.1M |
| Total current liabilities | $517.8M | $524.3M | $455.2M | $449.2M | $322.0M | $290.6M | $254.9M | $218.4M | $194.0M | $185.9M |
| Long-term debt | $60.0M | $61.2M | $102.0M | $105.0M | $176.5M | $190.0M | $566.4M | $375.8M | $375.3M | $395.5M |
| Lease obligations | $425.9M | $468.1M | $509.0M | $486.4M | $550.1M | $544.1M | $499.5M | $238.1M | $227.2M | $213.2M |
| Other long-term liabilities | $398.7M | $435.5M | $478.9M | $527.8M | $590.1M | $581.5M | $493.7M | $18.6M | $20.7M | $22.6M |
| Total liabilities | $976.5M | $1.02B | $1.04B | $1.08B | $1.09B | $1.06B | $1.32B | $612.8M | $590.0M | $604.0M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $401,000 | $401,000 | $400,000 | $400,000 | $399,000 | $398,000 | $396,000 | $395,000 | $200.0M | $191.9M |
| Retained earnings (deficit) | $581.7M | $615.1M | $655.4M | $653.6M | $651.1M | $624.4M | $619.9M | $592.2M | $539.3M | $498.7M |
| Treasury stock | — | — | — | −$205.6M | −$108.7M | −$108.7M | −$108.7M | −$108.7M | −$106.6M | −$106.2M |
| Accumulated other comprehensive income | −$2.9M | −$3.4M | −$3.5M | −$4.1M | −$4.5M | −$4.6M | −$6.9M | −$4.5M | −$4.2M | −$3.2M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $591.5M | $620.8M | $656.8M | $694.9M | $782.9M | $749.7M | $734.4M | $699.5M | $628.5M | $581.3M |
| Key figures | ||||||||||
| Total debt | $485.9M | $529.4M | $611.0M | $668.9M | $803.4M | $802.8M | $1.10B | $398.0M | $394.3M | $410.8M |
| Net cash (debt) | −$471.3M | −$508.6M | −$604.5M | −$664.0M | −$795.4M | −$772.8M | −$752.7M | −$391.8M | −$392.4M | −$401.8M |
| Working capital | −$281.2M | −$246.9M | −$201.9M | −$190.7M | −$76.5M | −$24.1M | $341.1M | $21.5M | $13.3M | $13.3M |
| Tangible book value | −$152.7M | −$126.1M | −$93.0M | −$58.1M | −$20.5M | $34.1M | $32.8M | $82.9M | $56.4M | $25.2M |
| Book value per share | $19.71 | $20.74 | $20.59 | $21.28 | $23.00 | $22.13 | $21.63 | $20.77 | $18.85 | $17.45 |
| Shares outstanding | 30.0M | 29.9M | 31.9M | 32.7M | 34.0M | 33.9M | 34.0M | 33.7M | 33.3M | 33.3M |
| Current ratio | 0.46 | 0.53 | 0.56 | 0.58 | 0.76 | 0.92 | 2.34 | 1.10 | 1.07 | 1.07 |
| Quick ratio | 0.12 | 0.11 | 0.10 | 0.13 | 0.13 | 0.24 | 1.51 | 0.19 | 0.17 | 0.21 |
| Debt / equity | 0.82 | 0.85 | 0.93 | 0.96 | 1.03 | 1.07 | 1.50 | 0.57 | 0.63 | 0.71 |
| Equity / assets | 37.7% | 37.8% | 38.8% | 39.1% | 41.8% | 41.4% | 35.8% | 53.3% | 51.6% | 49.0% |
| 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 | $9.5M | $14.6M | $4.9M | $10.5M | $7.8M | $20.8M | $10.2M | $20.9M | $18.7M | $6.6M | $23.8M | $9.1M |
| Cash & equivalents | $9.5M | $14.6M | $4.9M | $10.5M | $7.8M | $20.8M | $10.2M | $20.9M | $18.7M | $6.6M | $23.8M | $9.1M |
| Receivables | $15.6M | $45.4M | $16.1M | $15.9M | $16.0M | $35.2M | $14.7M | $14.7M | $12.1M | $41.1M | $15.2M | $14.3M |
| Inventory | $156.2M | $155.3M | $153.3M | $160.7M | $171.9M | $181.5M | $176.5M | $162.0M | $162.3M | $154.1M | $160.4M | $146.7M |
| Other current assets | $50.4M | $21.4M | $54.5M | $55.8M | $59.1M | $39.9M | $72.3M | $69.3M | $85.1M | $51.5M | $72.2M | $77.8M |
| Total current assets | $231.7M | $236.6M | $228.8M | $242.8M | $254.8M | $277.4M | $273.7M | $266.8M | $278.1M | $253.3M | $271.7M | $247.9M |
| Property, plant & equipment (net) | $560.9M | $417.8M | $575.6M | $567.7M | $573.9M | $600.3M | $631.5M | $646.6M | $659.1M | $663.7M | $679.6M | $691.0M |
| Goodwill & intangible assets | $743.5M | $744.2M | $744.8M | $745.5M | $746.1M | $746.8M | $747.5M | $748.2M | $749.0M | $749.7M | $750.5M | $751.3M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $20.3M | $169.4M | $20.7M | $28.0M | $30.2M | $17.3M | $17.3M | $19.6M | $26.0M | $26.1M | $31.3M | $36.6M |
| Total assets | $1.56B | $1.57B | $1.57B | $1.58B | $1.61B | $1.64B | $1.67B | $1.68B | $1.71B | $1.69B | $1.73B | $1.73B |
| Liabilities | ||||||||||||
| Accounts payable | $289.3M | $313.7M | $301.0M | $299.0M | $301.4M | $322.6M | $316.8M | $298.9M | $278.9M | $251.9M | $287.3M | $280.4M |
| Short-term debt | $76.2M | $76.5M | $76.3M | $78.5M | $79.3M | $79.8M | $78.5M | $78.9M | $77.5M | $77.7M | $77.8M | $78.0M |
| Deferred revenue | $12.9M | $13.2M | $13.7M | $13.9M | $14.4M | $14.7M | $14.9M | $14.8M | $14.9M | $15.2M | $15.4M | $15.4M |
| Total current liabilities | $472.9M | $517.8M | $503.3M | $511.2M | $506.0M | $524.3M | $507.7M | $501.6M | $468.7M | $455.2M | $486.6M | $472.4M |
| Long-term debt | $108.4M | $60.0M | $45.0M | $60.0M | $71.5M | $61.2M | $59.2M | $62.0M | $112.0M | $102.0M | $94.0M | $55.0M |
| Lease obligations | $419.4M | $425.9M | $440.8M | $441.0M | $453.3M | $468.1M | $479.2M | $493.9M | $505.5M | $509.0M | $522.4M | $531.8M |
| Other long-term liabilities | $392.7M | $398.7M | $416.7M | $411.1M | $422.7M | $435.5M | $454.0M | $465.8M | $477.2M | $478.9M | $492.7M | $499.3M |
| Total liabilities | $974.0M | $976.5M | $965.0M | $982.3M | $1.00B | $1.02B | $1.02B | $1.03B | $1.06B | $1.04B | $1.07B | $1.03B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $414,000 | $401,000 | $401,000 | $401,000 | $401,000 | $401,000 | $401,000 | $401,000 | $400,000 | $400,000 | $400,000 | $400,000 |
| Retained earnings (deficit) | $570.6M | $581.7M | $597.2M | $595.0M | $598.3M | $615.1M | $645.1M | $649.3M | $652.5M | $655.4M | $660.4M | $657.1M |
| Accumulated other comprehensive income | −$2.0M | −$2.9M | −$3.4M | −$3.4M | −$3.4M | −$3.4M | −$3.4M | −$3.4M | −$3.4M | −$3.5M | −$3.8M | −$3.9M |
| Total shareholders' equity | $582.5M | $591.5M | $604.9M | $601.7M | $604.9M | $620.8M | $648.9M | $651.9M | $654.4M | $656.8M | $659.7M | $700.1M |
| Key figures | ||||||||||||
| Total debt | $527.8M | $485.9M | $485.8M | $501.0M | $524.9M | $529.4M | $538.5M | $555.9M | $617.5M | $611.0M | $616.4M | $586.8M |
| Net cash (debt) | −$518.3M | −$471.3M | −$480.8M | −$490.6M | −$517.1M | −$508.6M | −$528.3M | −$535.0M | −$598.9M | −$604.5M | −$592.5M | −$577.8M |
| Working capital | −$241.1M | −$281.2M | −$274.5M | −$268.4M | −$251.2M | −$246.9M | −$234.0M | −$234.7M | −$190.6M | −$201.9M | −$214.9M | −$224.5M |
| Tangible book value | −$161.0M | −$152.7M | −$139.9M | −$143.8M | −$141.3M | −$126.1M | −$98.6M | −$96.3M | −$94.5M | −$93.0M | −$90.8M | −$51.2M |
| Book value per share | $19.32 | $19.70 | $19.26 | $19.18 | $20.18 | $20.72 | $20.75 | $20.88 | $20.96 | $21.06 | $20.50 | $21.70 |
| Shares outstanding | 30.1M | 30.0M | 31.4M | 31.4M | 30.0M | 30.0M | 31.3M | 31.2M | 31.2M | 31.2M | 32.2M | 32.3M |
| Current ratio | 0.49 | 0.46 | 0.45 | 0.48 | 0.50 | 0.53 | 0.54 | 0.53 | 0.59 | 0.56 | 0.56 | 0.52 |
| Quick ratio | 0.05 | 0.12 | 0.04 | 0.05 | 0.05 | 0.11 | 0.05 | 0.07 | 0.07 | 0.10 | 0.08 | 0.05 |
| Debt / equity | 0.91 | 0.82 | 0.80 | 0.83 | 0.87 | 0.85 | 0.83 | 0.85 | 0.94 | 0.93 | 0.93 | 0.84 |
| Equity / assets | 37.4% | 37.7% | 38.5% | 38.0% | 37.7% | 37.8% | 38.9% | 38.8% | 38.2% | 38.8% | 38.1% | 40.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed May 27, 2026); data from EODHD.
MNRO financial position
At the end of fiscal 2026 (March 31, 2026), Monro had total assets of $1.6 billion (down 4.5% from a year earlier), total liabilities of $976.5 million and shareholders' equity of $591.5 million. It held $14.6 million in cash and short-term investments against $485.9 million of debt, net debt of $471.3 million. Its current ratio was 0.46. In the latest quarter (ended June 30, 2026) total assets were $1.6 billion and equity $582.5 million.
Related: MNRO income statement, MNRO cash flow statement, MNRO key metrics. See the MNRO stock overview for the latest quote and news.
MNRO balance sheet FAQ
What are Monro's total assets?
Monro reported total assets of $1.6 billion at the end of fiscal 2026 (March 31, 2026), compared with $1.6 billion a year earlier.
How much debt does Monro have?
Monro had $485.9 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.82.
How much cash does Monro have?
Monro held $14.6 million in cash and short-term investments at the end of fiscal 2026; with $485.9 million of debt that is net debt of $471.3 million.
What is Monro's book value?
Monro's shareholders' equity (book value) was $591.5 million at the end of fiscal 2026, or $19.71 per share.
What is Monro's current ratio?
Monro had current assets of $236.6 million and current liabilities of $517.8 million, a current ratio of 0.46 (current liabilities exceed current assets).
How much goodwill does Monro have?
Monro carried $744.2 million of goodwill and intangible assets, 47.5% of total assets, at the end of fiscal 2026.