Minerals Technologies Inc. (MTX) Balance Sheet
MTX balance sheet, 2025
December 31, 2025 · U.S. dollars$3.47B assets = $1.72B liabilities + $1.75B equity
Both columns are drawn to the same scale: what MTX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MTX financial health
Descriptive bands, not a rating. Fiscal 2025.
MTX balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.86B2016 | $3.47B2025 | +2.2%/yr | |
| Total liabilities | $1.83B2016 | $1.72B2025 | −0.7%/yr | |
| Shareholders’ equity | $1.01B2016 | $1.71B2025 | +6.1%/yr | |
| Cash & short-term investments | $190.5M2016 | $332.6M2025 | +6.4%/yr | |
| Total debt | $1.08B2016 | $1.05B2025 | −0.4%/yr | |
| Net cash (debt) | −$892.3M2016 | −$713.2M2025 | +$179.1M | |
| Working capital | $455.6M2016 | $600.2M2025 | +$144.6M | |
| Book value per share | $28.592016 | $54.572025 | +7.4%/yr | |
| Current ratio | 2.542016 | 2.082025 | −0.46 | |
| Debt / equity | 1.082016 | 0.612025 | −0.47 | |
| Shares outstanding | 35.2M2016 | 31.4M2025 | −1.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MTX assets
MTX liabilities and equity
MTX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MTX balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $332.6M | $337.1M | $321.5M | $252.8M | $304.4M | $371.8M | $243.2M | $212.6M | $214.9M | $190.5M |
| Cash & equivalents | $329.0M | $333.1M | $317.2M | $247.2M | $299.5M | $367.7M | $241.6M | $208.8M | $212.2M | $188.5M |
| Short-term investments | $3.6M | $4.0M | $4.3M | $5.6M | $4.9M | $4.1M | $1.6M | $3.8M | $2.7M | $2.0M |
| Receivables | $400.1M | $385.2M | $399.1M | $404.0M | $367.8M | $369.0M | $376.2M | $387.3M | $383.0M | $341.3M |
| Inventory | $350.2M | $342.1M | $325.4M | $348.8M | $298.3M | $248.2M | $253.3M | $239.2M | $219.3M | $186.9M |
| Other current assets | $72.7M | $66.6M | $53.0M | $64.9M | $58.6M | $44.6M | $46.5M | $37.2M | $35.0M | $32.4M |
| Total current assets | $1.16B | $1.13B | $1.10B | $1.07B | $1.03B | $1.03B | $919.2M | $876.3M | $852.2M | $751.1M |
| Property, plant & equipment (net) | $1.07B | $1.04B | $1.03B | $1.10B | $1.10B | $1.09B | $1.10B | $1.10B | $1.06B | $1.05B |
| Goodwill & intangible assets | $1.12B | $1.13B | $1.14B | $1.16B | $1.16B | $1.00B | $1.01B | $1.03B | $975.8M | $983.1M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $400,000 | $2.7M | $2.9M | $0 |
| Other non-current assets | $118.6M | $94.4M | $72.1M | $74.9M | $87.9M | $81.0M | $85.0M | $78.7M | $78.2M | $77.4M |
| Total assets | $3.47B | $3.39B | $3.35B | $3.40B | $3.37B | $3.21B | $3.11B | $3.09B | $2.97B | $2.86B |
| Liabilities | ||||||||||
| Accounts payable | $187.9M | $185.5M | $188.7M | $193.8M | $196.1M | $148.3M | $163.4M | $169.1M | $179.0M | $144.9M |
| Short-term debt | $23.2M | $26.1M | $116.9M | $147.7M | $92.5M | $12.7M | $115.2M | $108.5M | $10.1M | $12.9M |
| Deferred revenue | — | — | $14.0M | $24.4M | — | $25.0M | — | $1.6M | — | $82.8M |
| Total current liabilities | $555.4M | $397.7M | $457.3M | $502.6M | $419.8M | $295.8M | $398.5M | $381.9M | $310.0M | $295.5M |
| Long-term debt | $955.0M | $959.6M | $911.1M | $928.1M | $936.2M | $933.2M | $824.3M | $907.8M | $959.8M | $1.07B |
| Other long-term liabilities | $208.9M | $253.4M | $291.5M | $357.7M | $438.7M | $481.7M | $455.2M | $412.1M | $421.5M | $467.1M |
| Total liabilities | $1.72B | $1.61B | $1.66B | $1.79B | $1.79B | $1.71B | $1.68B | $1.70B | $1.69B | $1.83B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $5.0M | $5.0M | $4.9M | $4.9M | $4.9M | $4.9M | $4.9M | $4.9M | $427.6M | $377.8M |
| Retained earnings (deficit) | $2.48B | $2.51B | $2.36B | $2.28B | $2.17B | $2.01B | $1.91B | $1.77B | $1.61B | $1.42B |
| Treasury stock | — | — | — | −$831.1M | −$775.1M | −$700.4M | −$659.7M | −$618.7M | −$597.0M | −$596.3M |
| Accumulated other comprehensive income | −$340.4M | −$387.1M | −$369.4M | −$366.5M | −$333.6M | −$308.3M | −$290.4M | −$233.7M | −$186.1M | −$221.1M |
| Minority interest | $36.3M | $36.2M | $34.7M | $33.7M | $40.2M | $37.9M | $31.9M | $31.8M | $27.4M | $24.4M |
| Total shareholders' equity | $1.71B | $1.75B | $1.65B | $1.58B | $1.54B | $1.46B | $1.40B | $1.35B | $1.25B | $1.01B |
| Key figures | ||||||||||
| Total debt | $1.05B | $1.02B | $1.07B | $1.12B | $1.08B | $995.1M | $982.8M | $1.02B | $969.9M | $1.08B |
| Net cash (debt) | −$713.2M | −$687.3M | −$744.4M | −$866.9M | −$771.5M | −$623.3M | −$739.6M | −$803.7M | −$755.0M | −$892.3M |
| Working capital | $600.2M | $733.3M | $641.7M | $567.9M | $609.3M | $737.8M | $520.7M | $494.4M | $542.2M | $455.6M |
| Tangible book value | $588.8M | $615.1M | $507.4M | $422.8M | $380.8M | $456.5M | $392.3M | $327.0M | $275.9M | $23.4M |
| Book value per share | $54.57 | $54.09 | $50.67 | $48.16 | $45.54 | $42.71 | $39.96 | $38.02 | $35.16 | $28.59 |
| Shares outstanding | 31.4M | 32.3M | 32.6M | 32.8M | 33.8M | 34.2M | 35.1M | 35.6M | 35.6M | 35.2M |
| Current ratio | 2.08 | 2.84 | 2.40 | 2.13 | 2.45 | 3.49 | 2.31 | 2.29 | 2.75 | 2.54 |
| Quick ratio | 1.32 | 1.82 | 1.58 | 1.31 | 1.60 | 2.50 | 1.55 | 1.57 | 1.93 | 1.80 |
| Debt / equity | 0.61 | 0.59 | 0.65 | 0.71 | 0.70 | 0.68 | 0.70 | 0.75 | 0.77 | 1.08 |
| Equity / assets | 49.4% | 51.5% | 49.4% | 46.4% | 45.6% | 45.5% | 45.1% | 43.8% | 42.1% | 35.2% |
| 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 | $346.2M | $321.3M | $332.6M | $328.3M | $319.9M | $312.2M | $337.1M | $324.5M | $316.4M | $320.1M | $321.5M | $278.2M |
| Cash & equivalents | $342.2M | $315.9M | $329.0M | $319.6M | $313.8M | $306.6M | $333.1M | $317.1M | $310.6M | $315.7M | $317.2M | $268.4M |
| Short-term investments | $4.0M | $5.4M | $3.6M | $8.7M | $6.1M | $5.6M | $4.0M | $7.4M | $5.8M | $4.4M | $4.3M | $9.8M |
| Receivables | $412.6M | $412.7M | $400.1M | $413.4M | $425.9M | $405.9M | $385.2M | $412.5M | $405.1M | $396.3M | $399.1M | $418.3M |
| Inventory | $355.6M | $357.9M | $350.2M | $363.7M | $359.6M | $352.5M | $342.1M | $342.2M | $333.0M | $326.0M | $325.4M | $337.5M |
| Other current assets | $69.3M | $63.6M | $72.7M | $67.9M | $67.4M | $65.6M | $66.6M | $61.6M | $59.3M | $58.9M | $53.0M | $60.2M |
| Total current assets | $1.18B | $1.16B | $1.16B | $1.17B | $1.17B | $1.14B | $1.13B | $1.14B | $1.11B | $1.10B | $1.10B | $1.09B |
| Property, plant & equipment (net) | $1.03B | $1.03B | $1.07B | $1.01B | $1.01B | $991.9M | $1.04B | $993.7M | $973.8M | $977.0M | $1.03B | $977.6M |
| Goodwill & intangible assets | $1.12B | $1.12B | $1.12B | $1.13B | $1.13B | $1.13B | $1.13B | $1.14B | $1.14B | $1.14B | $1.14B | $1.15B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $160.3M | $162.1M | $118.6M | $144.9M | $145.3M | $142.7M | $94.4M | $123.1M | $120.9M | $120.1M | $72.1M | $127.1M |
| Total assets | $3.50B | $3.47B | $3.47B | $3.46B | $3.45B | $3.40B | $3.39B | $3.39B | $3.35B | $3.34B | $3.35B | $3.34B |
| Liabilities | ||||||||||||
| Accounts payable | $202.6M | $199.7M | $187.9M | $196.9M | $198.0M | $189.9M | $185.5M | $189.8M | $184.4M | $194.7M | $188.7M | $184.8M |
| Short-term debt | $12.0M | $12.2M | $23.2M | $19.9M | $24.3M | $26.3M | $26.1M | $88.2M | $93.7M | $97.1M | $116.9M | $123.6M |
| Deferred revenue | — | — | — | — | — | — | — | — | — | — | $14.0M | — |
| Total current liabilities | $828.5M | $543.4M | $555.4M | $591.5M | $602.8M | $599.9M | $397.7M | $464.0M | $453.6M | $441.8M | $457.3M | $473.5M |
| Long-term debt | $952.9M | $954.0M | $955.0M | $957.8M | $959.0M | $960.1M | $959.6M | $894.7M | $897.7M | $904.4M | $911.1M | $918.0M |
| Other long-term liabilities | $137.0M | $206.4M | $208.9M | $200.0M | $205.0M | $206.4M | $253.4M | $290.5M | $297.2M | $297.0M | $291.5M | $330.6M |
| Total liabilities | $1.92B | $1.70B | $1.72B | $1.75B | $1.77B | $1.77B | $1.61B | $1.65B | $1.65B | $1.64B | $1.66B | $1.72B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $5.0M | $5.0M | $5.0M | $5.0M | $5.0M | $5.0M | $5.0M | $5.0M | $5.0M | $5.0M | $4.9M | $4.9M |
| Retained earnings (deficit) | $2.33B | $2.51B | $2.48B | $2.45B | $2.41B | $2.37B | $2.51B | $2.46B | $2.42B | $2.40B | $2.36B | $2.32B |
| Accumulated other comprehensive income | −$359.6M | −$353.5M | −$340.4M | −$351.5M | −$346.9M | −$376.8M | −$387.1M | −$380.9M | −$400.2M | −$391.3M | −$369.4M | −$402.2M |
| Minority interest | $31.9M | $33.4M | $36.3M | $34.3M | $34.0M | — | — | — | — | — | — | — |
| Total shareholders' equity | $1.54B | $1.73B | $1.71B | $1.68B | $1.65B | $1.60B | $1.75B | $1.71B | $1.66B | $1.66B | $1.65B | $1.59B |
| Key figures | ||||||||||||
| Total debt | $964.9M | $966.2M | $1.05B | $977.7M | $983.3M | $986.4M | $1.02B | $982.9M | $991.4M | $1.00B | $1.07B | $1.04B |
| Net cash (debt) | −$618.7M | −$644.9M | −$713.2M | −$649.4M | −$663.4M | −$674.2M | −$687.3M | −$658.4M | −$675.0M | −$681.4M | −$744.4M | −$763.4M |
| Working capital | $355.2M | $612.1M | $600.2M | $581.8M | $570.0M | $536.3M | $733.3M | $676.8M | $660.2M | $659.5M | $641.7M | $620.7M |
| Tangible book value | $426.6M | $607.0M | $588.8M | $547.5M | $523.7M | $467.8M | $615.1M | $569.6M | $525.1M | $520.4M | $507.4M | $443.3M |
| Book value per share | $49.68 | $55.75 | $55.09 | $53.52 | $52.34 | $50.10 | $54.09 | $52.82 | $51.31 | $51.27 | $50.83 | $48.90 |
| Shares outstanding | 31.1M | 31.0M | 31.1M | 31.3M | 31.6M | 31.9M | 32.3M | 32.3M | 32.4M | 32.4M | 32.5M | 32.5M |
| Current ratio | 1.43 | 2.13 | 2.08 | 1.98 | 1.95 | 1.89 | 2.84 | 2.46 | 2.46 | 2.49 | 2.40 | 2.31 |
| Quick ratio | 0.92 | 1.35 | 1.32 | 1.25 | 1.24 | 1.20 | 1.82 | 1.59 | 1.59 | 1.62 | 1.58 | 1.47 |
| Debt / equity | 0.62 | 0.56 | 0.61 | 0.58 | 0.59 | 0.62 | 0.59 | 0.58 | 0.60 | 0.60 | 0.65 | 0.66 |
| Equity / assets | 44.2% | 49.9% | 49.4% | 48.4% | 47.9% | 47.0% | 51.5% | 50.3% | 49.7% | 49.7% | 49.4% | 47.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 20, 2026); data from EODHD.
MTX financial position
At the end of fiscal 2025 (December 31, 2025), Minerals Technologies had total assets of $3.5 billion (up 2.2% from a year earlier), total liabilities of $1.7 billion and shareholders' equity of $1.7 billion. It held $332.6 million in cash and short-term investments against $1.0 billion of debt, net debt of $713.2 million. Its current ratio was 2.08. In the latest quarter (ended June 30, 2026) total assets were $3.5 billion and equity $1.5 billion.
Related: MTX income statement, MTX cash flow statement, MTX key metrics. See the MTX stock overview for the latest quote and news.
MTX balance sheet FAQ
What are Minerals Technologies's total assets?
Minerals Technologies reported total assets of $3.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $3.4 billion a year earlier.
How much debt does Minerals Technologies have?
Minerals Technologies had $1.0 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.61.
How much cash does Minerals Technologies have?
Minerals Technologies held $332.6 million in cash and short-term investments at the end of fiscal 2025; with $1.0 billion of debt that is net debt of $713.2 million.
What is Minerals Technologies's book value?
Minerals Technologies's shareholders' equity (book value) was $1.7 billion at the end of fiscal 2025, or $54.57 per share.
What is Minerals Technologies's current ratio?
Minerals Technologies had current assets of $1.2 billion and current liabilities of $555.4 million, a current ratio of 2.08 (it can cover its short-term obligations).
How much goodwill does Minerals Technologies have?
Minerals Technologies carried $1.1 billion of goodwill and intangible assets, 32.4% of total assets, at the end of fiscal 2025.