MSC Industrial Direct Co., Inc. (MSM) Balance Sheet
MSM balance sheet, FY2025
August 31, 2025 · U.S. dollars$2.46B assets = $1.07B liabilities + $1.40B equity
Both columns are drawn to the same scale: what MSM owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MSM financial health
Descriptive bands, not a rating. Fiscal FY2025.
MSM balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.06BFY2016 | $2.46BFY2025 | +2.0%/yr | |
| Total liabilities | $966.6MFY2016 | $1.07BFY2025 | +1.1%/yr | |
| Shareholders’ equity | $1.10BFY2016 | $1.39BFY2025 | +2.6%/yr | |
| Cash & short-term investments | $52.9MFY2016 | $56.2MFY2025 | +0.7%/yr | |
| Total debt | $606.8MFY2016 | $538.8MFY2025 | −1.3%/yr | |
| Net cash (debt) | −$553.9MFY2016 | −$482.6MFY2025 | +$71.4M | |
| Working capital | $502.9MFY2016 | $497.2MFY2025 | −$5.7M | |
| Book value per share | $17.98FY2016 | $24.84FY2025 | +3.7%/yr | |
| Current ratio | 2.05FY2016 | 1.68FY2025 | −0.37 | |
| Debt / equity | 0.55FY2016 | 0.39FY2025 | −0.16 | |
| Shares outstanding | 61.1MFY2016 | 55.9MFY2025 | −1.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MSM assets
MSM liabilities and equity
MSM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MSM balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $56.2M | $29.6M | $50.1M | $43.5M | $40.5M | $125.2M | $32.3M | $46.2M | $16.1M | $52.9M |
| Cash & equivalents | $56.2M | $29.6M | $50.1M | $43.5M | $40.5M | $125.2M | $32.3M | $46.2M | $16.1M | $52.9M |
| Short-term investments | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Receivables | $423.3M | $412.1M | $435.4M | $687.6M | $560.4M | $491.7M | $541.1M | $523.9M | $471.8M | $392.5M |
| Inventory | $644.1M | $643.9M | $726.5M | $715.6M | $624.2M | $543.1M | $559.1M | $518.5M | $465.0M | $444.2M |
| Other current assets | $102.9M | $102.5M | $105.5M | $96.9M | $89.2M | $77.7M | $67.1M | $58.9M | $52.7M | $91.9M |
| Total current assets | $1.23B | $1.19B | $1.32B | $1.54B | $1.31B | $1.24B | $1.20B | $1.15B | $1.01B | $981.5M |
| Property, plant & equipment (net) | $399.2M | $418.9M | $385.6M | $351.4M | $347.4M | $358.2M | $310.9M | $311.7M | $316.3M | $320.5M |
| Goodwill & intangible assets | $809.2M | $825.0M | $828.8M | $824.5M | $794.6M | $782.5M | $793.9M | $797.7M | $744.2M | $729.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $27.0M | $27.0M | $27.0M |
| Other non-current assets | $27.2M | $30.3M | $12.2M | $9.9M | $5.9M | $4.1M | $6.8M | $4.8M | $5.8M | $6.5M |
| Total assets | $2.46B | $2.46B | $2.54B | $2.73B | $2.46B | $2.38B | $2.31B | $2.29B | $2.10B | $2.06B |
| Liabilities | ||||||||||
| Accounts payable | $225.2M | $205.9M | $226.3M | $217.4M | $186.3M | $125.8M | $160.1M | $145.1M | $121.3M | $110.6M |
| Short-term debt | $339.1M | $251.9M | $251.1M | $344.2M | $215.1M | $142.8M | $175.5M | $224.1M | $332.0M | $267.1M |
| Deferred revenue | — | $21.9M | — | $124.7M | — | — | — | $99.7M | $115.1M | $46.6M |
| Total current liabilities | $729.3M | $605.4M | $649.4M | $725.9M | $561.9M | $408.7M | $446.9M | $490.5M | $557.7M | $478.6M |
| Long-term debt | $168.8M | $278.9M | $224.4M | $468.9M | $583.6M | $497.0M | $266.4M | $311.2M | $201.0M | $339.8M |
| Lease obligations | $53.1M | $59.4M | $67.1M | $66.2M | $50.4M | $56.2M | — | — | — | — |
| Other long-term liabilities | $167.4M | $176.8M | $177.7M | $172.3M | $154.7M | $156.1M | $114.0M | $99.7M | $115.1M | $148.2M |
| Total liabilities | $1.07B | $1.06B | $1.05B | $1.37B | $1.30B | $1.06B | $827.4M | $901.5M | $873.8M | $966.6M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $57,000 | $57,000 | $57,000 | $57,000 | $57,000 | $57,000 | $56,000 | $657.8M | $627.1M | $584.1M |
| Retained earnings (deficit) | $432.6M | $456.9M | $755.0M | $681.3M | $532.3M | $749.5M | $946.7M | $1.33B | $1.17B | $1.04B |
| Treasury stock | — | — | — | −$106.2M | −$104.4M | −$103.9M | −$104.6M | −$576.7M | −$553.5M | −$506.8M |
| Accumulated other comprehensive income | −$20.7M | −$21.1M | −$17.7M | −$23.1M | −$18.0M | −$21.4M | −$22.8M | −$19.6M | −$17.3M | −$19.1M |
| Minority interest | $8.3M | $9.5M | $13.4M | $11.8M | $11.0M | $5.6M | $5.3M | $0 | $0 | $0 |
| Total shareholders' equity | $1.39B | $1.39B | $1.48B | $1.35B | $1.15B | $1.31B | $1.48B | $1.39B | $1.23B | $1.10B |
| Key figures | ||||||||||
| Total debt | $538.8M | $568.2M | $521.4M | $860.8M | $836.4M | $675.5M | $441.9M | $535.3M | $533.0M | $606.8M |
| Net cash (debt) | −$482.6M | −$538.6M | −$471.4M | −$817.2M | −$795.9M | −$550.2M | −$409.6M | −$489.1M | −$516.9M | −$553.9M |
| Working capital | $497.2M | $582.7M | $668.1M | $817.7M | $752.3M | $829.0M | $752.7M | $657.0M | $447.9M | $502.9M |
| Tangible book value | $579.1M | $566.8M | $650.3M | $526.0M | $356.3M | $532.5M | $684.6M | $589.5M | $481.0M | $369.0M |
| Book value per share | $24.84 | $24.66 | $26.31 | $24.10 | $20.52 | $23.63 | $26.64 | $24.46 | $21.50 | $17.98 |
| Shares outstanding | 55.9M | 56.4M | 56.2M | 56.0M | 56.1M | 55.6M | 55.5M | 56.7M | 57.0M | 61.1M |
| Current ratio | 1.68 | 1.96 | 2.03 | 2.13 | 2.34 | 3.03 | 2.68 | 2.34 | 1.80 | 2.05 |
| Quick ratio | 0.66 | 0.73 | 0.75 | 1.01 | 1.07 | 1.51 | 1.28 | 1.16 | 0.87 | 0.93 |
| Debt / equity | 0.39 | 0.41 | 0.35 | 0.64 | 0.73 | 0.51 | 0.30 | 0.39 | 0.44 | 0.55 |
| Equity / assets | 56.4% | 56.5% | 58.1% | 49.5% | 46.7% | 55.2% | 64.0% | 60.6% | 58.4% | 53.2% |
| May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | Aug '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $74.1M | $46.2M | $40.3M | $56.2M | $71.7M | $41.3M | $57.3M | $29.6M | $25.9M | $22.2M | $25.8M | $50.1M |
| Cash & equivalents | $74.1M | $46.2M | $40.3M | $56.2M | $71.7M | $41.3M | $57.3M | $29.6M | $25.9M | $22.2M | $25.8M | $50.1M |
| Receivables | $413.3M | $373.6M | $430.7M | $423.3M | $410.6M | $395.3M | $407.8M | $412.1M | $419.8M | $428.7M | $414.3M | $435.4M |
| Inventory | $684.1M | $677.4M | $660.5M | $644.1M | $649.4M | $645.0M | $636.7M | $643.9M | $665.6M | $685.4M | $709.4M | $726.5M |
| Other current assets | $105.3M | $132.6M | $128.1M | $102.9M | $105.2M | $112.8M | $104.7M | $102.5M | $101.5M | $128.6M | $121.5M | $105.5M |
| Total current assets | $1.28B | $1.23B | $1.26B | $1.23B | $1.24B | $1.19B | $1.21B | $1.19B | $1.21B | $1.26B | $1.27B | $1.32B |
| Property, plant & equipment (net) | $343.9M | $391.5M | $395.3M | $399.2M | $398.3M | $422.9M | $417.4M | $418.9M | $405.7M | $392.7M | $383.2M | $385.6M |
| Goodwill & intangible assets | $797.9M | $802.3M | $804.9M | $809.2M | $812.9M | $814.8M | $819.4M | $825.0M | $824.8M | $828.9M | $825.2M | $828.8M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $77.1M | $27.3M | $27.4M | $27.2M | $27.6M | $30.2M | $30.2M | $30.3M | $24.5M | $14.8M | $14.4M | $12.2M |
| Total assets | $2.50B | $2.45B | $2.49B | $2.46B | $2.48B | $2.46B | $2.47B | $2.46B | $2.47B | $2.50B | $2.49B | $2.54B |
| Liabilities | ||||||||||||
| Accounts payable | $229.4M | $222.1M | $220.1M | $225.2M | $213.0M | $213.1M | $208.7M | $205.9M | $205.6M | $208.1M | $189.0M | $226.3M |
| Short-term debt | $439.7M | $338.7M | $338.5M | $339.1M | $258.8M | $254.0M | $251.2M | $251.9M | $228.6M | $279.5M | $264.7M | $251.1M |
| Deferred revenue | — | — | — | — | — | — | — | $21.9M | — | — | — | — |
| Total current liabilities | $824.7M | $709.0M | $726.3M | $729.3M | $644.3M | $622.6M | $626.3M | $605.4M | $583.5M | $630.4M | $627.9M | $649.4M |
| Long-term debt | $89.2M | $194.5M | $214.1M | $168.8M | $285.0M | $304.9M | $289.9M | $278.9M | $299.3M | $294.3M | $294.2M | $224.4M |
| Lease obligations | $49.2M | $47.6M | $49.7M | $53.1M | $54.9M | $51.2M | $56.4M | $59.4M | $62.5M | $63.2M | $62.4M | $67.1M |
| Other long-term liabilities | $162.3M | $162.0M | $163.8M | $167.4M | $170.8M | $170.0M | $173.9M | $176.8M | $170.8M | $173.2M | $173.4M | $177.7M |
| Total liabilities | $1.08B | $1.07B | $1.10B | $1.07B | $1.10B | $1.10B | $1.09B | $1.06B | $1.05B | $1.10B | $1.10B | $1.05B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $57,000 | $57,000 | $57,000 | $57,000 | $57,000 | $57,000 | $57,000 | $57,000 | $57,000 | $58,000 | $58,000 | $57,000 |
| Retained earnings (deficit) | $451.4M | $420.2M | $426.7M | $432.6M | $423.5M | $422.8M | $443.3M | $456.9M | $470.1M | $463.9M | $465.0M | $755.0M |
| Accumulated other comprehensive income | −$19.5M | −$18.4M | −$21.7M | −$20.7M | −$21.7M | −$27.5M | −$25.0M | −$21.1M | −$17.6M | −$17.3M | −$17.3M | −$17.7M |
| Minority interest | $0 | $1.7M | $1.7M | $8.3M | $8.5M | — | — | — | — | — | — | — |
| Total shareholders' equity | $1.42B | $1.38B | $1.38B | $1.39B | $1.37B | $1.36B | $1.38B | $1.39B | $1.40B | $1.39B | $1.39B | $1.48B |
| Key figures | ||||||||||||
| Total debt | $555.4M | $558.7M | $580.0M | $538.8M | $576.0M | $589.6M | $575.8M | $568.2M | $567.9M | $615.2M | $600.6M | $521.4M |
| Net cash (debt) | −$481.3M | −$512.5M | −$539.8M | −$482.6M | −$504.3M | −$548.4M | −$518.5M | −$538.6M | −$542.0M | −$593.0M | −$574.8M | −$471.4M |
| Working capital | $452.0M | $520.7M | $533.2M | $497.2M | $592.5M | $571.7M | $580.1M | $582.7M | $629.3M | $634.5M | $643.1M | $668.1M |
| Tangible book value | $621.5M | $581.3M | $576.3M | $579.1M | $554.2M | $541.7M | $555.6M | $566.8M | $576.8M | $561.6M | $559.9M | $650.3M |
| Book value per share | $25.35 | $24.75 | $24.67 | $24.84 | $24.52 | $24.29 | $24.53 | $24.66 | $24.87 | $24.63 | $24.42 | $26.29 |
| Shares outstanding | 56.0M | 55.9M | 56.0M | 55.9M | 55.8M | 55.9M | 56.1M | 56.4M | 56.4M | 56.5M | 56.7M | 56.3M |
| Current ratio | 1.55 | 1.73 | 1.73 | 1.68 | 1.92 | 1.92 | 1.93 | 1.96 | 2.08 | 2.01 | 2.02 | 2.03 |
| Quick ratio | 0.59 | 0.59 | 0.65 | 0.66 | 0.75 | 0.70 | 0.74 | 0.73 | 0.76 | 0.72 | 0.70 | 0.75 |
| Debt / equity | 0.39 | 0.40 | 0.42 | 0.39 | 0.42 | 0.43 | 0.42 | 0.41 | 0.41 | 0.44 | 0.43 | 0.35 |
| Equity / assets | 56.9% | 56.5% | 55.5% | 56.4% | 55.2% | 55.1% | 55.6% | 56.5% | 56.8% | 55.6% | 55.5% | 58.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed October 23, 2025); data from EODHD.
MSM financial position
At the end of fiscal 2025 (August 31, 2025), MSC Industrial Direct had total assets of $2.5 billion (down 0.0% from a year earlier), total liabilities of $1.1 billion and shareholders' equity of $1.4 billion. It held $56.2 million in cash and short-term investments against $538.8 million of debt, net debt of $482.6 million. Its current ratio was 1.68. In the latest quarter (ended May 31, 2026) total assets were $2.5 billion and equity $1.4 billion.
Related: MSM income statement, MSM cash flow statement, MSM key metrics. See the MSM stock overview for the latest quote and news.
MSM balance sheet FAQ
What are MSC Industrial Direct's total assets?
MSC Industrial Direct reported total assets of $2.5 billion at the end of fiscal 2025 (August 31, 2025), compared with $2.5 billion a year earlier.
How much debt does MSC Industrial Direct have?
MSC Industrial Direct had $538.8 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.39.
How much cash does MSC Industrial Direct have?
MSC Industrial Direct held $56.2 million in cash and short-term investments at the end of fiscal 2025; with $538.8 million of debt that is net debt of $482.6 million.
What is MSC Industrial Direct's book value?
MSC Industrial Direct's shareholders' equity (book value) was $1.4 billion at the end of fiscal 2025, or $24.84 per share.
What is MSC Industrial Direct's current ratio?
MSC Industrial Direct had current assets of $1.2 billion and current liabilities of $729.3 million, a current ratio of 1.68 (it can cover its short-term obligations).
How much goodwill does MSC Industrial Direct have?
MSC Industrial Direct carried $809.2 million of goodwill and intangible assets, 32.9% of total assets, at the end of fiscal 2025.