Nomad Foods Limited (NOMD) Balance Sheet

NYSE: NOMDAssets, liabilities, debt and equity over 10 years.

NOMD balance sheet, 2025

December 31, 2025 · euros

€6.33B assets = €3.84B liabilities + €2.50B equity

What it owns€6.33BCash & ST investments: €329.3M (5.2%)Receivables: €376.9M (5.9%)Receivables €376.9MInventory: €440.6M (7.0%)Inventory €440.6MPP&E: €595.2M (9.4%)PP&E €595.2MGoodwill & intangibles: €4.57B (72.1%)Goodwill & intangibles€4.57B · 72%Other non-current: €24.5M (0.4%)=How it is financed€6.33BCurrent liabilities: €1.07B (16.9%)Current liabilities€1.07B · 17%Long-term debt: €2.20B (34.7%)Long-term debt€2.20B · 35%Other LT liabilities: €572.4M (9.0%)€572.4MShareholders’ equity: €2.50B (39.4%)Shareholders’ equity€2.50B · 39%

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

NOMD financial health

Current ratio1.07
Adequate · current assets cover current liabilities 1.07×
Debt / equity0.92
Moderate leverage · €0.92 of debt for each $1 of equity
Equity / assets39.4%
Balanced · of assets funded by shareholders
Cash / debt14.4%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles72.1%
Mostly intangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

NOMD balance sheet trends, 2016–2025

MetricTrendThenLatestChange
Total assets€4.71B2016€6.33B2025+3.3%/yr
Total liabilities€2.81B2016€3.84B2025+3.5%/yr
Shareholders’ equity€1.90B2016€2.50B2025+3.1%/yr
Cash & short-term investments€329.5M2016€329.3M2025−0.0%/yr
Total debt€1.45B2016€2.29B2025+5.2%/yr
Net cash (debt)−€1.12B2016−€1.96B2025−€839.0M
Working capital€120.7M2016€78.9M2025−€41.8M
Current ratio1.1620161.072025−0.09
Debt / equity0.7620160.922025+0.15
Shares outstanding183.5M2016150.2M2025−2.2%/yr

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

NOMD assets

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

NOMD liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

NOMD debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

NOMD balance sheet in euros

2025202420232022202120202019201820172016
Assets
Cash & short-term investments€329.3M€403.0M€412.7M€369.4M€254.0M€418.1M€851.0M€327.5M€219.0M€329.5M
Cash & equivalents€324.8M€403.0M€412.7M€369.4M€254.0M€393.1M€826.0M€327.5M€219.0M€329.5M
Short-term investments€4.5M———€34.0M€25.0M€25.0M€13.4M€2.1M€13.1M
Receivables€376.9M€371.7M€304.1M€266.8M€234.6M€185.0M€206.7M€173.9M€147.1M€135.7M
Inventory€440.6M€441.5M€446.4M€457.1M€410.6M€344.3M€323.2M€342.5M€306.9M€325.0M
Other current assets€0€17.7M€1.9M€22.0M€29.9M€21.0M€39.4M€92.9M€76.1M€83.6M
Total current assets€1.15B€1.23B€1.17B€1.12B€929.1M€968.4M€1.42B€936.8M€749.1M€873.8M
Property, plant & equipment (net)€595.2M€591.1M€563.7M€542.9M€549.4M€422.2M€422.4M€348.8M€295.4M€298.2M
Goodwill & intangible assets€4.57B€4.58B€4.57B€4.56B€4.56B€4.06B€3.95B€3.95B€3.47B€3.47B
Long-term investments€0€0€0€0€0€0€77.4M€212.4M€0€46.90B
Other non-current assets€24.5M€27.6M€114.7M€108.7M€137.2M€131.8M€38.4M€0€87.2M€0
Total assets€6.33B€6.43B€6.42B€6.33B€6.17B€5.58B€5.90B€5.34B€4.60B€4.71B
Liabilities
Accounts payable€794.9M€521.6M€476.1M€496.7M€507.0M€453.4M€365.9M€400.6M€328.9M€472.7M
Short-term debt€32.6M€26.0M€34.6M€25.5M€29.1M€33.2M€29.0M€21.4M€3.3M€600,000
Deferred revenue——€189.7M—€237.8M€211.9M€258.1M€245.5M€213.3M€278.4M
Total current liabilities€1.07B€1.12B€1.03B€940.8M€966.2M€917.1M€823.1M€840.0M€701.9M€753.1M
Long-term debt€2.20B€2.08B€2.06B€2.10B€2.20B€1.68B€1.85B€1.74B€1.40B€1.45B
Lease obligations€89.3M€94.1M€78.8M€66.6M€80.9M€70.4M€109.0M€0€0€600,000
Other long-term liabilities€572.4M€562.5M€740.5M€681.1M€707.3M€854.8M€677.1M€698.8M€652.1M€602.1M
Total liabilities€3.84B€3.77B€3.82B€3.72B€3.87B€3.45B€3.35B€3.28B€2.75B€2.81B
Shareholders' equity
Common stock & paid-in capital€1.13B€1.32B€1.43B€1.60B€1.62B€1.62B€2.10B€1.75B€1.62B€1.80B
Retained earnings (deficit)€1.26B€1.20B€1.06B€886.6M€387.4M€191.6M−€11.8M−€167.9M−€347.6M−€485.0M
Treasury stock——————€0€0€0€0
Accumulated other comprehensive income€89.5M€120.4M€76.4M€109.1M€281.6M€305.7M€451.7M€469.9M€2.20B€2.39B
Minority interest——————€0€0€0€0
Total shareholders' equity€2.50B€2.66B€2.59B€2.61B€2.30B€2.13B€2.56B€2.06B€1.85B€1.90B
Key figures
Total debt€2.29B€2.18B€2.15B€2.17B€2.23B€1.77B€1.88B€1.76B€1.40B€1.45B
Net cash (debt)−€1.96B−€1.77B−€1.74B−€1.80B−€1.97B−€1.35B−€1.03B−€1.44B−€1.18B−€1.12B
Working capital€78.9M€110.6M€137.1M€174.5M−€37.1M€51.3M€597.2M€96.8M€47.2M€120.7M
Tangible book value−€2.07B−€1.92B−€1.98B−€1.95B−€2.26B−€1.93B−€1.39B−€1.89B−€1.62B−€1.57B
Shares outstanding150.2M162.2M171.2M174.3M178.1M197.9M198.4M175.8M184.8M183.5M
Current ratio1.071.101.131.190.961.061.731.121.071.16
Quick ratio0.660.690.700.680.510.661.290.600.520.62
Debt / equity0.920.820.830.830.970.830.730.860.750.76
Equity / assets39.4%41.4%40.4%41.2%37.3%38.1%43.3%38.6%40.3%40.4%

Quarterly columns are labeled by the month the quarter ended. Figures in euros as reported (latest annual report filed February 26, 2026); data from EODHD.

NOMD financial position

At the end of fiscal 2025 (December 31, 2025), Nomad Foods had total assets of €6.3 billion (down 1.5% from a year earlier), total liabilities of €3.8 billion and shareholders' equity of €2.5 billion. It held €329.3 million in cash and short-term investments against €2.3 billion of debt, net debt of €2.0 billion. Its current ratio was 1.07. In the latest quarter (ended June 30, 2026) total assets were €6.4 billion and equity €2.5 billion.

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

NOMD balance sheet FAQ

What are Nomad Foods's total assets?

Nomad Foods reported total assets of €6.3 billion at the end of fiscal 2025 (December 31, 2025), compared with €6.4 billion a year earlier.

How much debt does Nomad Foods have?

Nomad Foods had €2.3 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.92.

How much cash does Nomad Foods have?

Nomad Foods held €329.3 million in cash and short-term investments at the end of fiscal 2025; with €2.3 billion of debt that is net debt of €2.0 billion.

What is Nomad Foods's book value?

Nomad Foods's shareholders' equity (book value) was €2.5 billion at the end of fiscal 2025.

What is Nomad Foods's current ratio?

Nomad Foods had current assets of €1.1 billion and current liabilities of €1.1 billion, a current ratio of 1.07 (it can cover its short-term obligations).

How much goodwill does Nomad Foods have?

Nomad Foods carried €4.6 billion of goodwill and intangible assets, 72.1% of total assets, at the end of fiscal 2025.

Packaged Foods: balance sheet