Murano Global Investments PLC (MRNO) Balance Sheet

NASDAQ: MRNOAssets, liabilities, debt and equity over 5 years.

MRNO balance sheet, 2025

December 31, 2025 · Mexican pesos

MX$17.50B assets = MX$15.19B liabilities + MX$2.31B equity

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

MRNO financial health

Current ratio0.26

Tight · current assets cover current liabilities 0.26×

Debt / equity4.73

High leverage · MX$4.73 of debt for each $1 of equity

Equity / assets13.2%

Thin equity · of assets funded by shareholders

Cash / debt2.5%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles0.0%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

MRNO balance sheet trends, 2020–2025

Murano Global Investments PLC balance sheet trends
Metric	Then	Latest	Change
Total assets	MX$9.71B2020	MX$17.50B2025	+15.9%/yr
Total liabilities	MX$5.51B2020	MX$15.19B2025	+28.9%/yr
Shareholders’ equity	MX$4.20B2020	MX$2.31B2025	−13.9%/yr
Cash & short-term investments	MX$409.3M2020	MX$273.7M2025	−9.6%/yr
Total debt	MX$2.65B2020	MX$10.90B2025	+42.4%/yr
Net cash (debt)	−MX$2.24B2020	−MX$10.63B2025	−MX$8.4B
Working capital	−MX$1.03B2020	−MX$8.83B2025	−MX$7.8B
Current ratio	0.352020	0.262025	−0.09
Debt / equity	0.632020	4.732025	+4.09
Shares outstanding	79.2M2020	79.5M2025	+0.1%/yr

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

MRNO assets

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

MRNO liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

MRNO debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

MRNO balance sheet in Mexican pesos

Murano Global Investments PLC annual balance sheet
	2025	2024	2022	2021	2020
Assets
Cash & short-term investments	MX$273.7M	MX$970.4M	MX$215.7M	MX$138.5M	MX$409.3M
Cash & equivalents	MX$273.7M	MX$970.4M	MX$792,423	MX$81,554	MX$409.3M
Short-term investments	—	MX$585.3M	MX$215.3M	MX$138.5M	—
Receivables	MX$528.7M	MX$469.5M	MX$254.2M	MX$12.8M	MX$141.3M
Inventory	MX$15.8M	MX$11.5M	MX$1.9M	−MX$443.2M	MX$0
Other current assets	MX$2.28B	MX$41.5M	MX$48.0M	MX$686.9M	MX$9.1M
Total current assets	MX$3.10B	MX$1.49B	MX$519.7M	MX$395.1M	MX$559.7M
Property, plant & equipment (net)	MX$12.96B	MX$19.02B	MX$16.88B	MX$9.44B	MX$8.32B
Goodwill & intangible assets	MX$0	MX$0	MX$0	MX$0	MX$0
Long-term investments	MX$0	MX$0	MX$0	MX$0	MX$0
Other non-current assets	MX$1.44B	MX$1.36B	MX$0	MX$0	MX$828.1M
Total assets	MX$17.50B	MX$21.87B	MX$298.6M	MX$342,022	MX$9.71B
Liabilities
Accounts payable	MX$674.7M	MX$629.6M	MX$124.6M	MX$113.2M	MX$177.3M
Short-term debt	MX$10.87B	MX$3.53B	MX$3.80B	MX$188.1M	MX$1.09B
Deferred revenue	MX$195.1M	MX$23.5M	−MX$3.92B	−MX$113.2M	MX$297.2M
Total current liabilities	MX$11.93B	MX$4.36B	MX$4.07B	MX$413.6M	MX$1.59B
Long-term debt	MX$26.8M	MX$7.69B	MX$1.77B	MX$3.61B	MX$1.56B
Lease obligations	MX$181.6M	MX$206.7M	MX$624,189	MX$1.2M	MX$1.4M
Other long-term liabilities	MX$3.24B	MX$4.61B	MX$4.57B	MX$2.47B	MX$2.35B
Total liabilities	MX$15.19B	MX$16.66B	MX$17.0M	MX$332,808	MX$5.51B
Shareholders' equity
Common stock & paid-in capital	MX$951.8M	MX$925.8M	MX$902.6M	MX$1.20B	MX$1.24B
Retained earnings (deficit)	−MX$5.05B	−MX$4.77B	−MX$1.24B	−MX$1.49B	−MX$1.40B
Accumulated other comprehensive income	MX$5.68B	MX$8.34B	MX$8.74B	MX$4.53B	MX$4.36B
Total shareholders' equity	MX$2.31B	MX$5.21B	MX$8.40B	MX$4.25B	MX$4.20B
Key figures
Total debt	MX$10.90B	MX$11.38B	MX$5.56B	MX$3.80B	MX$2.65B
Net cash (debt)	−MX$10.63B	−MX$10.41B	−MX$5.35B	−MX$3.66B	−MX$2.24B
Working capital	−MX$8.83B	−MX$2.87B	−MX$3.55B	−MX$18.5M	−MX$1.03B
Tangible book value	MX$2.31B	MX$5.21B	MX$8.40B	MX$4.25B	MX$4.20B
Shares outstanding	79.5M	77.1M	38.8M	38.8M	79.2M
Current ratio	0.26	0.34	0.13	0.96	0.35
Quick ratio	0.07	0.33	0.12	0.37	0.35
Debt / equity	4.73	2.19	0.66	0.89	0.63
Equity / assets	13.2%	23.8%	2,812.9%	1,241,551.5%	43.3%

Murano Global Investments PLC quarterly balance sheet
	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23	Jun '23
Assets
Cash & short-term investments	MX$273.7M	MX$273.7M	MX$271.7M	MX$352.7M	MX$469.0M	MX$970.4M	MX$295.9M	MX$83.8M	MX$83.5M	MX$83.5M	MX$1.43B	MX$126,740
Cash & equivalents	MX$273.7M	MX$273.7M	MX$271.7M	MX$1.4M	MX$469.0M	MX$970.4M	MX$607.6M	MX$83.8M	MX$83.5M	MX$83.5M	MX$17.5M	MX$126,740
Short-term investments	—	—	—	MX$351.4M	MX$467.4M	—	MX$294.0M	MX$82.0M	MX$81.9M	MX$81.9M	MX$1.41B	—
Receivables	MX$528.7M	MX$81.7M	MX$485.2M	MX$55.3M	MX$513.7M	MX$64.5M	MX$38.9M	MX$44.6M	MX$10.2M	MX$453.4M	MX$295.6M	MX$286.3M
Inventory	MX$15.8M	MX$15.8M	MX$14.7M	MX$12.4M	MX$12.0M	MX$11.5M	MX$8.9M	MX$9.6M	MX$3.6M	MX$3.6M	MX$24.9M	MX$638,433
Other current assets	MX$2.28B	MX$2.73B	MX$16.0M	MX$478.8M	MX$17.5M	MX$446.5M	MX$802.9M	MX$463.8M	MX$528.1M	MX$85.0M	MX$8.74B	MX$0
Total current assets	MX$3.10B	MX$3.10B	MX$787.7M	MX$899.2M	MX$1.01B	MX$1.49B	MX$1.15B	MX$601.8M	MX$625.5M	MX$625.5M	MX$10.49B	MX$260,616
Property, plant & equipment (net)	MX$12.96B	MX$12.96B	MX$19.02B	MX$19.06B	MX$19.08B	MX$19.02B	MX$18.54B	MX$18.45B	MX$17.87B	MX$17.87B	MX$309.75B	MX$17.66B
Goodwill & intangible assets	MX$0	MX$0	MX$0	MX$0	MX$0	MX$0	MX$0	MX$0	MX$0	MX$0	MX$0	MX$0
Long-term investments	MX$0	MX$0	MX$0	MX$0	MX$0	MX$0	MX$0	MX$0	MX$0	MX$0	MX$0	MX$0
Other non-current assets	MX$1.44B	MX$1.44B	MX$1.36B	MX$1.36B	MX$1.36B	MX$1.36B	MX$1.10B	MX$1.22B	MX$1.25B	MX$1.25B	MX$21.76B	MX$0
Total assets	MX$17.50B	MX$17.50B	MX$21.17B	MX$21.32B	MX$21.45B	MX$21.87B	MX$20.79B	MX$20.27B	MX$19.74B	MX$19.74B	MX$342.00B	MX$43.9M
Liabilities
Accounts payable	MX$674.7M	MX$674.7M	MX$591.9M	MX$572.8M	MX$574.4M	MX$629.6M	MX$590.7M	MX$495.6M	MX$409.4M	MX$409.4M	MX$7.01B	MX$150.0M
Short-term debt	MX$10.87B	—	MX$9.06B	MX$3.48B	MX$3.48B	—	MX$780.0M	MX$7.05B	MX$2.14B	MX$2.14B	MX$38.15B	MX$3.61B
Deferred revenue	MX$195.1M	—	MX$144.3M	—	MX$18.0M	—	MX$25.4M	MX$13.3M	MX$6.5M	MX$6.5M	—	−MX$150.0M
Total current liabilities	MX$11.93B	MX$11.93B	MX$9.86B	MX$4.15B	MX$4.10B	MX$4.36B	MX$1.94B	MX$8.12B	MX$2.75B	MX$2.75B	MX$46.15B	MX$3.3M
Long-term debt	MX$0	MX$26.8M	MX$1.55B	MX$0	MX$7.65B	MX$7.69B	MX$8.75B	MX$1.14B	MX$5.01B	MX$4.64B	MX$0	MX$2.45B
Lease obligations	—	MX$181.6M	MX$176.9M	—	MX$202.5M	MX$206.7M	MX$216.3M	MX$194.8M	MX$201.8M	MX$208.0M	—	MX$175,015
Other long-term liabilities	MX$3.27B	MX$3.24B	MX$4.54B	MX$11.73B	MX$4.60B	MX$4.61B	MX$4.23B	MX$4.29B	MX$4.31B	MX$4.68B	MX$158.26B	MX$0
Total liabilities	MX$15.19B	MX$15.19B	MX$15.94B	MX$15.88B	MX$16.35B	MX$16.66B	MX$14.92B	MX$13.55B	MX$12.08B	MX$12.08B	MX$204.41B	MX$6.9M
Shareholders' equity
Common stock & paid-in capital	MX$951.8M	—	MX$900.1M	MX$900.1M	MX$900.1M	—	MX$900.1M	MX$900.1M	MX$900.1M	MX$900.1M	MX$15.85B	MX$43.7M
Retained earnings (deficit)	−MX$5.05B	−MX$5.05B	−MX$4.02B	−MX$3.80B	−MX$4.15B	−MX$4.77B	−MX$3.14B	−MX$2.29B	−MX$1.35B	−MX$1.35B	−MX$20.74B	−MX$18.4M
Accumulated other comprehensive income	MX$5.68B	—	MX$8.35B	MX$8.35B	MX$8.35B	—	MX$8.11B	MX$8.11B	MX$8.11B	MX$8.11B	MX$142.48B	MX$8.74B
Total shareholders' equity	MX$2.31B	MX$2.31B	MX$5.23B	MX$5.44B	MX$5.10B	MX$5.21B	MX$5.87B	MX$6.72B	MX$7.66B	MX$7.66B	MX$137.59B	MX$37.1M
Key figures
Total debt	MX$10.90B	MX$26.8M	MX$10.74B	MX$10.96B	MX$11.28B	MX$7.69B	MX$9.70B	MX$8.34B	MX$7.31B	MX$7.31B	MX$124.36B	MX$428,338
Net cash (debt)	−MX$10.63B	MX$246.9M	−MX$10.47B	−MX$10.61B	−MX$10.81B	−MX$6.72B	−MX$9.41B	−MX$8.26B	−MX$7.23B	−MX$7.23B	−MX$122.93B	−MX$301,598
Working capital	−MX$8.83B	−MX$8.83B	−MX$9.07B	−MX$3.25B	−MX$3.08B	−MX$2.87B	−MX$798.4M	−MX$7.52B	−MX$2.13B	−MX$2.13B	−MX$35.66B	−MX$3.1M
Tangible book value	MX$2.31B	MX$2.31B	MX$5.23B	MX$5.44B	MX$5.10B	MX$5.21B	MX$5.87B	MX$6.72B	MX$7.66B	MX$7.66B	MX$137.59B	MX$37.1M
Shares outstanding	79.5M	79.7M	79.4M	79.3M	79.3M	79.3M	78.2M	79.2M	79.2M	79.2M	79.2M	20.1M
Current ratio	0.26	0.26	0.08	0.22	0.25	0.34	0.59	0.07	0.23	0.23	0.23	0.08
Quick ratio	0.07	0.03	0.08	0.10	0.24	0.24	0.17	0.02	0.03	0.19	0.04	86.01
Debt / equity	4.73	0.01	2.06	2.01	2.21	1.48	1.65	1.24	0.95	0.95	0.90	0.01
Equity / assets	13.2%	13.2%	24.7%	25.5%	23.8%	23.8%	28.2%	33.2%	38.8%	38.8%	40.2%	84.3%

Quarterly columns are labeled by the month the quarter ended. Figures in Mexican pesos as reported (latest annual report filed May 15, 2026); data from EODHD.

MRNO financial position

At the end of fiscal 2025 (December 31, 2025), Murano Global Investments had total assets of MX$17.5 billion (down 20.0% from a year earlier), total liabilities of MX$15.2 billion and shareholders' equity of MX$2.3 billion. It held MX$273.7 million in cash and short-term investments against MX$10.9 billion of debt, net debt of MX$10.6 billion. Its current ratio was 0.26. In the latest quarter (ended March 31, 2026) total assets were MX$17.5 billion and equity MX$2.3 billion.

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

MRNO balance sheet FAQ

What are Murano Global Investments's total assets?

Murano Global Investments reported total assets of MX$17.5 billion at the end of fiscal 2025 (December 31, 2025), compared with MX$21.9 billion a year earlier.

How much debt does Murano Global Investments have?

Murano Global Investments had MX$10.9 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 4.73.

How much cash does Murano Global Investments have?

Murano Global Investments held MX$273.7 million in cash and short-term investments at the end of fiscal 2025; with MX$10.9 billion of debt that is net debt of MX$10.6 billion.

What is Murano Global Investments's book value?

Murano Global Investments's shareholders' equity (book value) was MX$2.3 billion at the end of fiscal 2025.

What is Murano Global Investments's current ratio?

Murano Global Investments had current assets of MX$3.1 billion and current liabilities of MX$11.9 billion, a current ratio of 0.26 (current liabilities exceed current assets).