Orion Engineered Carbons S.A. (OEC) Balance Sheet
OEC balance sheet, 2025
December 31, 2025 · U.S. dollars$1.91B assets = $1.52B liabilities + $384.6M equity
Both columns are drawn to the same scale: what OEC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
OEC financial health
Descriptive bands, not a rating. Fiscal 2025.
OEC balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.05B2016 | $1.91B2025 | +6.9%/yr | |
| Total liabilities | $994.6M2016 | $1.52B2025 | +4.8%/yr | |
| Shareholders’ equity | $55.6M2016 | $384.6M2025 | +24.0%/yr | |
| Cash & short-term investments | $83.3M2016 | $60.7M2025 | −3.5%/yr | |
| Total debt | $734.3M2016 | $979.5M2025 | +3.3%/yr | |
| Net cash (debt) | −$651.0M2016 | −$918.8M2025 | −$267.8M | |
| Working capital | $205.2M2016 | $17.4M2025 | −$187.8M | |
| Book value per share | $0.922016 | $6.832025 | +24.9%/yr | |
| Current ratio | 1.892016 | 1.032025 | −0.86 | |
| Debt / equity | 13.202016 | 2.552025 | −10.66 | |
| Shares outstanding | 60.2M2016 | 56.3M2025 | −0.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
OEC assets
OEC liabilities and equity
OEC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
OEC balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $60.7M | $54.1M | $37.5M | $60.8M | $65.7M | $68.5M | $75.1M | $69.6M | $75.3M | $83.3M |
| Cash & equivalents | $60.7M | $44.2M | $37.5M | $60.8M | $65.7M | $64.9M | $63.7M | $57.0M | $72.3M | $77.7M |
| Short-term investments | — | $9.9M | $15.6M | $56.9M | $17.5M | $3.6M | $11.3M | $12.6M | $3.0M | $5.5M |
| Receivables | $238.9M | $253.5M | $284.4M | $404.3M | $301.0M | $234.8M | $266.7M | $262.8M | $284.3M | $208.5M |
| Inventory | $277.3M | $290.4M | $287.1M | $277.9M | $229.8M | $141.5M | $164.8M | $183.6M | $159.3M | $120.3M |
| Other current assets | $66.9M | $15.3M | $37.1M | $35.5M | $68.5M | $55.7M | $1.2M | $59.3M | $2.3M | $23.1M |
| Total current assets | $643.8M | $613.3M | $646.1M | $778.5M | $665.0M | $500.5M | $507.7M | $575.3M | $521.2M | $435.1M |
| Property, plant & equipment (net) | $1.20B | $1.08B | $935.8M | $812.0M | $792.5M | $696.2M | $561.6M | $483.5M | $462.1M | $407.8M |
| Goodwill & intangible assets | $14.2M | $90.0M | $176.7M | $205.3M | $114.3M | $131.3M | $127.9M | $150.8M | $128.9M | $133.0M |
| Long-term investments | $27.7M | $47.5M | $41.6M | $5.0M | $5.3M | $6.4M | $7.7M | $8.1M | $9.2M | $7.2M |
| Other non-current assets | $26.5M | $23.6M | $33.2M | $87.9M | $53.9M | $55.5M | $52.4M | $55.3M | $47.4M | $67.1M |
| Total assets | $1.91B | $1.86B | $1.83B | $1.89B | $1.63B | $1.39B | $1.26B | $1.27B | $1.17B | $1.05B |
| Liabilities | ||||||||||
| Accounts payable | $197.0M | $156.2M | $183.7M | $184.1M | $195.1M | $131.2M | $156.3M | $163.6M | $169.6M | $129.3M |
| Short-term debt | $305.0M | $274.0M | $149.6M | $268.7M | $151.7M | $94.7M | $44.0M | $41.0M | $6.0M | $5.7M |
| Deferred revenue | — | −$3.5M | −$34.2M | $29.1M | $67.8M | $8.0M | $1.0M | $31.9M | $75.0M | $80.8M |
| Total current liabilities | $626.4M | $516.7M | $440.3M | $552.8M | $448.7M | $324.7M | $285.2M | $320.3M | $284.4M | $229.9M |
| Long-term debt | $757.2M | $727.0M | $762.2M | $657.0M | $692.2M | $655.8M | $630.3M | $643.7M | $681.1M | $728.5M |
| Lease obligations | $132.5M | $121.7M | $112.9M | $98.3M | $84.6M | $86.6M | $29.1M | — | — | — |
| Other long-term liabilities | $139.4M | $138.7M | $152.4M | $219.5M | $170.4M | $228.3M | $155.9M | $150.0M | $103.4M | $36.2M |
| Total liabilities | $1.52B | $1.38B | $1.35B | $1.43B | $1.31B | $1.21B | $1.07B | $1.11B | $1.07B | $994.6M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $85.3M | $85.3M | $85.3M | $85.3M | $85.3M | $85.3M | $85.0M | $84.3M | $83.8M | $62.7M |
| Retained earnings (deficit) | $382.2M | $457.0M | $417.6M | $319.0M | $217.8M | $84.4M | $78.3M | $39.4M | $75.3M | $46.9M |
| Treasury stock | — | — | — | — | −$6.3M | −$8.5M | −$8.5M | −$8.7M | −$3.8M | −$4.1M |
| Accumulated other comprehensive income | −$72.3M | −$69.9M | −$39.9M | −$12.5M | −$48.5M | −$48.7M | −$34.4M | −$19.6M | −$55.4M | −$50.4M |
| Total shareholders' equity | $384.6M | $474.9M | $478.5M | $459.4M | $319.7M | $181.0M | $186.0M | $158.9M | $99.9M | $55.6M |
| Key figures | ||||||||||
| Total debt | $979.5M | $1.03B | $927.2M | $1.01B | $843.9M | $825.0M | $695.7M | $684.8M | $687.2M | $734.3M |
| Net cash (debt) | −$918.8M | −$973.4M | −$889.7M | −$952.8M | −$778.2M | −$756.5M | −$620.7M | −$615.2M | −$611.9M | −$651.0M |
| Working capital | $17.4M | $96.6M | $205.8M | $225.7M | $216.3M | $175.7M | $222.5M | $255.0M | $236.8M | $205.2M |
| Tangible book value | $370.4M | $384.9M | $301.8M | $254.1M | $205.4M | $49.8M | $58.1M | $8.1M | −$29.0M | −$77.4M |
| Book value per share | $6.83 | $8.14 | $7.98 | $7.48 | $5.25 | $2.95 | $3.03 | $2.60 | $1.65 | $0.92 |
| Shares outstanding | 56.3M | 58.4M | 60.0M | 61.4M | 61.0M | 61.4M | 61.3M | 61.0M | 60.7M | 60.2M |
| Current ratio | 1.03 | 1.19 | 1.47 | 1.41 | 1.48 | 1.54 | 1.78 | 1.80 | 1.83 | 1.89 |
| Quick ratio | 0.48 | 0.60 | 0.73 | 0.84 | 0.82 | 0.93 | 1.20 | 1.04 | 1.26 | 1.27 |
| Debt / equity | 2.55 | 2.16 | 1.94 | 2.21 | 2.64 | 4.56 | 3.74 | 4.31 | 6.88 | 13.20 |
| Equity / assets | 20.2% | 25.6% | 26.1% | 24.3% | 19.6% | 13.0% | 14.8% | 12.5% | 8.5% | 5.3% |
| 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 | $50.8M | $52.0M | $60.7M | $51.3M | $42.6M | $37.5M | $44.2M | $53.2M | $34.2M | $43.9M | $37.5M | $59.1M |
| Cash & equivalents | $50.8M | $52.0M | $60.7M | $51.3M | $42.6M | $37.5M | $44.2M | $53.2M | $34.2M | $43.9M | $37.5M | $59.1M |
| Short-term investments | — | — | — | — | — | — | — | — | — | — | $15.6M | — |
| Receivables | $330.7M | $287.8M | $238.9M | $280.8M | $284.5M | $286.6M | $253.5M | $282.5M | $281.4M | $278.2M | $284.4M | $276.2M |
| Inventory | $275.5M | $251.0M | $277.3M | $278.9M | $285.7M | $297.0M | $290.4M | $306.7M | $284.5M | $277.5M | $287.1M | $276.9M |
| Other current assets | $76.6M | $70.7M | $66.9M | $72.5M | $69.7M | $67.5M | $25.2M | $75.7M | $77.8M | $77.9M | $37.1M | $68.5M |
| Total current assets | $733.6M | $661.5M | $643.8M | $683.5M | $682.5M | $688.6M | $613.3M | $718.1M | $677.9M | $677.5M | $646.1M | $680.7M |
| Property, plant & equipment (net) | $1.17B | $1.19B | $1.20B | $1.17B | $1.15B | $1.10B | $1.01B | $1.09B | $1.04B | $1.01B | $935.8M | $955.8M |
| Goodwill & intangible assets | $9.9M | $11.9M | $14.2M | $15.8M | $97.9M | $92.0M | $165.9M | $98.7M | $96.2M | $97.8M | $176.7M | $98.2M |
| Long-term investments | $13.6M | $13.6M | $27.7M | $11.9M | $11.3M | $10.0M | $47.5M | $7.4M | $5.0M | $5.1M | $41.6M | $4.8M |
| Other non-current assets | $55.0M | $56.9M | $26.5M | $80.2M | $82.0M | $78.4M | $23.9M | $85.1M | $86.6M | $85.4M | $33.2M | $94.2M |
| Total assets | $1.99B | $1.93B | $1.91B | $1.96B | $2.02B | $1.97B | $1.86B | $2.00B | $1.91B | $1.87B | $1.83B | $1.83B |
| Liabilities | ||||||||||||
| Accounts payable | $218.0M | $168.0M | $197.0M | $181.4M | $173.4M | $180.0M | $156.2M | $174.7M | $186.2M | $183.8M | $183.7M | $170.9M |
| Short-term debt | $356.8M | $351.2M | $305.0M | $329.6M | $342.0M | $313.0M | $274.0M | $293.8M | $173.6M | $144.8M | $149.6M | $149.1M |
| Deferred revenue | — | — | — | — | — | — | — | — | $30.2M | $41.3M | $34.2M | $80.9M |
| Total current liabilities | $715.6M | $659.7M | $626.4M | $635.3M | $620.8M | $601.9M | $516.7M | $577.9M | $489.3M | $468.8M | $440.3M | $449.3M |
| Long-term debt | $652.9M | $662.5M | $757.2M | $680.6M | $680.2M | $659.5M | $647.0M | $676.7M | $660.7M | $668.7M | $677.3M | $662.8M |
| Lease obligations | — | — | $132.5M | — | — | — | $121.7M | — | — | — | $112.9M | — |
| Other long-term liabilities | $238.2M | $229.0M | $139.4M | $246.2M | $257.4M | $240.7M | $218.7M | $265.4M | $254.9M | $244.9M | $237.3M | $238.7M |
| Total liabilities | $1.61B | $1.55B | $1.52B | $1.56B | $1.56B | $1.50B | $1.38B | $1.52B | $1.40B | $1.38B | $1.35B | $1.35B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $85.3M | $85.3M | $85.3M | $85.3M | $85.3M | $85.3M | $85.3M | $85.3M | $85.3M | $85.3M | $85.3M | $85.3M |
| Retained earnings (deficit) | $370.6M | $371.1M | $382.2M | $403.3M | $471.6M | $464.9M | $457.0M | $439.8M | $461.2M | $443.1M | $417.6M | $412.7M |
| Accumulated other comprehensive income | −$68.7M | −$67.1M | −$72.3M | −$73.9M | −$73.6M | −$68.9M | −$69.9M | −$56.0M | −$56.1M | −$46.7M | −$39.9M | −$30.6M |
| Total shareholders' equity | $380.3M | $379.5M | $384.6M | $401.8M | $466.5M | $466.1M | $474.9M | $476.3M | $503.9M | $492.2M | $478.5M | $482.9M |
| Key figures | ||||||||||||
| Total debt | $1.01B | $1.01B | $979.5M | $1.01B | $1.02B | $972.5M | $1.03B | $970.5M | $834.3M | $813.5M | $927.2M | $811.9M |
| Net cash (debt) | −$958.9M | −$961.7M | −$918.8M | −$958.9M | −$979.6M | −$935.0M | −$983.3M | −$917.3M | −$800.1M | −$769.6M | −$889.7M | −$752.8M |
| Working capital | $18.0M | $1.8M | $17.4M | $48.2M | $61.7M | $86.7M | $96.6M | $140.2M | $188.6M | $208.7M | $205.8M | $231.4M |
| Tangible book value | $370.4M | $367.6M | $370.4M | $386.0M | $368.6M | $374.1M | $309.0M | $377.6M | $407.7M | $394.4M | $301.8M | $384.7M |
| Book value per share | $6.64 | $6.73 | $6.86 | $7.17 | $8.28 | $8.15 | $8.22 | $8.11 | $8.51 | $8.31 | $8.08 | $8.15 |
| Shares outstanding | 57.3M | 56.4M | 56.1M | 56.0M | 56.3M | 57.2M | 57.8M | 58.7M | 59.2M | 59.2M | 59.2M | 59.3M |
| Current ratio | 1.03 | 1.00 | 1.03 | 1.08 | 1.10 | 1.14 | 1.19 | 1.24 | 1.39 | 1.45 | 1.47 | 1.52 |
| Quick ratio | 0.53 | 0.52 | 0.48 | 0.52 | 0.53 | 0.54 | 0.58 | 0.58 | 0.65 | 0.69 | 0.73 | 0.75 |
| Debt / equity | 2.66 | 2.67 | 2.55 | 2.51 | 2.19 | 2.09 | 2.16 | 2.04 | 1.66 | 1.65 | 1.94 | 1.68 |
| Equity / assets | 19.1% | 19.7% | 20.2% | 20.5% | 23.0% | 23.7% | 25.6% | 23.9% | 26.4% | 26.3% | 26.1% | 26.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 17, 2026); data from EODHD.
OEC financial position
At the end of fiscal 2025 (December 31, 2025), Orion Engineered Carbons had total assets of $1.9 billion (up 2.7% from a year earlier), total liabilities of $1.5 billion and shareholders' equity of $384.6 million. It held $60.7 million in cash and short-term investments against $979.5 million of debt, net debt of $918.8 million. Its current ratio was 1.03. In the latest quarter (ended June 30, 2026) total assets were $2.0 billion and equity $380.3 million.
Related: OEC income statement, OEC cash flow statement, OEC key metrics. See the OEC stock overview for the latest quote and news.
OEC balance sheet FAQ
What are Orion Engineered Carbons's total assets?
Orion Engineered Carbons reported total assets of $1.9 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.9 billion a year earlier.
How much debt does Orion Engineered Carbons have?
Orion Engineered Carbons had $979.5 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 2.55.
How much cash does Orion Engineered Carbons have?
Orion Engineered Carbons held $60.7 million in cash and short-term investments at the end of fiscal 2025; with $979.5 million of debt that is net debt of $918.8 million.
What is Orion Engineered Carbons's book value?
Orion Engineered Carbons's shareholders' equity (book value) was $384.6 million at the end of fiscal 2025, or $6.83 per share.
What is Orion Engineered Carbons's current ratio?
Orion Engineered Carbons had current assets of $643.8 million and current liabilities of $626.4 million, a current ratio of 1.03 (it can cover its short-term obligations).
How much goodwill does Orion Engineered Carbons have?
Orion Engineered Carbons carried $14.2 million of goodwill and intangible assets, 0.7% of total assets, at the end of fiscal 2025.