Omega Healthcare Investors, Inc. (OHI) Balance Sheet
OHI balance sheet, 2025
December 31, 2025 · U.S. dollars$10.05B assets = $4.61B liabilities + $5.44B equity
Both columns are drawn to the same scale: what OHI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
OHI financial health
Descriptive bands, not a rating. Fiscal 2025.
OHI balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $8.95B2016 | $10.05B2025 | +1.3%/yr | |
| Total liabilities | $4.74B2016 | $4.61B2025 | −0.3%/yr | |
| Shareholders’ equity | $3.86B2016 | $5.18B2025 | +3.3%/yr | |
| Cash & short-term investments | $93.7M2016 | $27.0M2025 | −12.9%/yr | |
| Total debt | $4.37B2016 | $4.26B2025 | −0.3%/yr | |
| Net cash (debt) | −$4.27B2016 | −$4.23B2025 | +$44.2M | |
| Working capital | $1.09B2016 | $1.46B2025 | +$372.6M | |
| Book value per share | $19.142016 | $16.682025 | −1.5%/yr | |
| Current ratio | 2.982016 | 3.462025 | +0.48 | |
| Debt / equity | 1.132016 | 0.822025 | −0.31 | |
| Shares outstanding | 201.6M2016 | 310.7M2025 | +4.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
OHI assets
OHI liabilities and equity
OHI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
OHI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $27.0M | $518.3M | $442.8M | $297.1M | $20.5M | $163.5M | $24.1M | $10.3M | $85.9M | $93.7M |
| Cash & equivalents | $27.0M | $518.3M | $442.8M | $297.1M | $20.5M | $163.5M | $24.1M | $10.3M | $85.9M | $93.7M |
| Short-term investments | — | — | $7.19B | $8.5M | $10.9M | — | — | — | $7.40B | $7.62B |
| Receivables | $2.00B | $2.03B | $1.72B | $1.46B | $1.11B | $1.14B | $1.19B | $1.19B | $1.32B | $1.48B |
| Inventory | $0 | $0 | $766.9M | $499.7M | $1 | $498.1M | $455.8M | $1 | $86.7M | $1 |
| Other current assets | $31.5M | $86.6M | $0 | $0 | $265.0M | $0 | $0 | $2.4M | $10.9M | $66.5M |
| Total current assets | $2.06B | $2.64B | $2.23B | $1.77B | $1.39B | $1.39B | $1.23B | $1.20B | $1.50B | $1.64B |
| Property, plant & equipment (net) | $0 | $0 | $30.2M | $17.8M | −$8.2M | −$10.8M | −$11.3M | $6.17B | $6.26B | $6.32B |
| Goodwill & intangible assets | $671.8M | $671.7M | $644.6M | $644.6M | $653.0M | $653.7M | $672.4M | $647.2M | $650.2M | $650.3M |
| Long-term investments | $414.1M | $88.7M | $188.4M | $178.9M | $664.6M | $8.35B | $8.61B | $535.7M | $312.9M | $305.6M |
| Other non-current assets | $6.91B | $6.50B | $6.02B | $6.79B | $6.93B | $0 | $0 | $34.7M | $49.8M | $35.8M |
| Total assets | $10.05B | $9.90B | $9.12B | $9.41B | $9.64B | $9.50B | $9.80B | $8.59B | $8.77B | $8.95B |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $315.0M | $268.5M | $280.8M | $5.05B | $272.2M | $295.1M | $360.5M |
| Short-term debt | $242.0M | $879.1M | $20.4M | $19.2M | $96,000 | $101.2M | $125.0M | $313.0M | $290.0M | $190.0M |
| Deferred revenue | — | — | — | — | — | $10.8M | — | — | — | — |
| Total current liabilities | $594.5M | $328.2M | $308.2M | $334.3M | $268.5M | $382.0M | $437.0M | $585.2M | $585.1M | $550.5M |
| Long-term debt | $4.26B | $4.84B | $5.07B | $5.29B | $5.25B | $369.5M | $389.7M | $4.54B | $957.8M | $4.18B |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $8.2M | $4.71B | $4.63B | $0 | $3.34B | $9.9M |
| Total liabilities | $4.61B | $5.17B | $5.36B | $5.60B | $5.53B | $5.46B | $5.46B | $4.83B | $4.89B | $4.74B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $29.6M | $27.9M | $24.5M | $23.4M | $23.9M | $23.1M | $22.7M | $20.2M | $4.96B | $4.88B |
| Retained earnings (deficit) | −$3.62B | −$3.43B | −$3.15B | −$2.75B | −$2.54B | −$2.32B | −$1.84B | −$1.61B | −$1.37B | −$968.5M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | $79.0M | $22.7M | $29.3M | $20.3M | −$2.2M | −$12.8M | −$39.9M | −$41.7M | −$30.1M | −$53.8M |
| Minority interest | $259.2M | $194.2M | $187.7M | $193.9M | $201.4M | $194.7M | $201.2M | $320.0M | $333.2M | $353.2M |
| Total shareholders' equity | $5.18B | $4.54B | $3.57B | $3.80B | $4.11B | $3.84B | $4.14B | $3.76B | $3.56B | $3.86B |
| Key figures | ||||||||||
| Total debt | $4.26B | $4.84B | $5.07B | $5.31B | $5.25B | $5.17B | $5.14B | $4.85B | $4.57B | $4.37B |
| Net cash (debt) | −$4.23B | −$4.32B | −$4.62B | −$5.01B | −$5.23B | −$5.01B | −$5.11B | −$4.84B | −$4.49B | −$4.27B |
| Working capital | $1.46B | $2.31B | $1.93B | $1.44B | $1.13B | $1.01B | $794.5M | $618.0M | $913.9M | $1.09B |
| Tangible book value | $4.51B | $3.86B | $2.93B | $3.16B | $3.46B | $3.19B | $3.46B | $3.12B | $2.90B | $3.21B |
| Book value per share | $16.68 | $16.77 | $14.27 | $15.57 | $16.81 | $16.34 | $18.62 | $17.95 | $17.19 | $19.14 |
| Shares outstanding | 310.7M | 270.4M | 250.5M | 244.3M | 244.3M | 235.1M | 222.1M | 209.7M | 206.8M | 201.6M |
| Current ratio | 3.46 | 8.03 | 7.25 | 5.30 | 5.19 | 3.64 | 2.82 | 2.06 | 2.56 | 2.98 |
| Quick ratio | 3.41 | 7.77 | 7.03 | 5.26 | 4.21 | 3.42 | 2.79 | 2.05 | 2.40 | 2.86 |
| Debt / equity | 0.82 | 1.07 | 1.42 | 1.40 | 1.28 | 1.35 | 1.24 | 1.29 | 1.29 | 1.13 |
| Equity / assets | 51.6% | 45.8% | 39.2% | 40.4% | 42.6% | 40.5% | 42.2% | 43.8% | 40.5% | 43.1% |
| 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 | $39.0M | $26.1M | $27.0M | $737.2M | $734.2M | $368.0M | $518.3M | $342.4M | $35.2M | $361.8M | $442.8M | $554.7M |
| Cash & equivalents | $39.0M | $26.1M | $27.0M | $737.2M | $734.2M | $368.0M | $518.3M | $342.4M | $35.2M | $361.8M | $442.8M | $554.7M |
| Short-term investments | — | — | — | — | — | — | — | — | — | — | $7.19B | $7.39B |
| Receivables | $276.1M | $2.04B | $2.00B | $2.03B | $2.02B | $2.01B | $2.03B | $1.92B | $1.86B | $1.76B | $1.72B | $1.58B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $612.0M | $0 | $1 | $766.9M | $837.7M |
| Other current assets | $0 | $260.3M | $31.5M | $37.8M | $50.8M | $36.1M | $86.6M | $0 | $80.6M | $82.8M | $0 | $0 |
| Total current assets | $315.1M | $2.32B | $2.06B | $2.81B | $2.80B | $2.42B | $2.64B | $2.36B | $1.98B | $2.20B | $2.23B | $2.21B |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.88B | $5.83B | $30.2M | $6.19B |
| Goodwill & intangible assets | $644.4M | $644.4M | $671.8M | $672.6M | $674.0M | $672.3M | $671.7M | $675.8M | $644.4M | $644.4M | $644.6M | $644.0M |
| Long-term investments | $501.2M | $507.7M | $414.1M | $150.3M | $85.4M | $88.7M | $88.7M | $92.6M | $185.3M | $185.9M | $188.4M | $187.5M |
| Other non-current assets | $8.58B | $6.76B | $6.91B | $6.96B | $6.98B | $6.53B | $6.50B | $6.45B | $162.3M | $143.6M | $6.02B | $191.2M |
| Total assets | $10.04B | $10.23B | $10.05B | $10.60B | $10.55B | $9.71B | $9.90B | $9.57B | $8.85B | $9.01B | $9.12B | $9.43B |
| Liabilities | ||||||||||||
| Short-term debt | $6.0M | $425.0M | $242.0M | $0 | $428.5M | $483.2M | $879.1M | $15.3M | $70.2M | $20.2M | $20.4M | $19.5M |
| Total current liabilities | $347.9M | $763.2M | $594.5M | $357.4M | $357.0M | $327.5M | $328.2M | $313.4M | $357.6M | $303.3M | $308.2M | $296.2M |
| Long-term debt | $4.02B | $4.02B | $4.26B | $4.99B | $5.00B | $4.45B | $4.84B | $4.86B | $4.59B | $5.01B | $5.05B | $5.29B |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $4.37B | $4.78B | $4.61B | $5.35B | $5.36B | $4.77B | $5.17B | $5.17B | $4.95B | $5.31B | $5.36B | $5.57B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $29.9M | $29.8M | $29.6M | $29.6M | $29.3M | $28.6M | $27.9M | $26.8M | $25.4M | $24.6M | $24.5M | $24.5M |
| Retained earnings (deficit) | −$3.51B | −$3.67B | −$3.62B | −$3.59B | −$3.57B | −$3.51B | −$3.43B | −$3.36B | −$3.30B | −$3.25B | −$3.15B | −$3.04B |
| Accumulated other comprehensive income | −$2.6M | $54.0M | $79.0M | $77.0M | $96.8M | $42.6M | $22.7M | $62.7M | $34.3M | $31.9M | $29.3M | $28.1M |
| Minority interest | $251.8M | $263.5M | $259.2M | $207.9M | $200.7M | — | — | — | — | — | — | — |
| Total shareholders' equity | $5.39B | $5.19B | $5.18B | $5.04B | $4.99B | $4.74B | $4.54B | $4.21B | $3.71B | $3.51B | $3.57B | $3.67B |
| Key figures | ||||||||||||
| Total debt | $4.02B | $4.44B | $4.26B | $4.99B | $5.00B | $4.45B | $4.84B | $4.86B | $4.66B | $5.03B | $5.07B | $5.31B |
| Net cash (debt) | −$3.98B | −$4.42B | −$4.23B | −$4.26B | −$4.27B | −$4.08B | −$4.32B | −$4.52B | −$4.63B | −$4.67B | −$4.62B | −$4.76B |
| Working capital | −$32.7M | $1.56B | $1.46B | $2.45B | $2.45B | $2.09B | $2.31B | $2.04B | $1.62B | $1.90B | $1.93B | $1.91B |
| Tangible book value | $4.75B | $4.55B | $4.51B | $4.36B | $4.31B | $4.07B | $3.86B | $3.53B | $3.07B | $2.87B | $2.93B | $3.02B |
| Book value per share | $17.05 | $16.47 | $16.54 | $16.34 | $16.45 | $16.07 | $15.78 | $15.27 | $14.19 | $13.66 | $13.93 | $14.33 |
| Shares outstanding | 316.2M | 315.1M | 313.2M | 308.2M | 303.2M | 294.9M | 287.4M | 275.6M | 261.5M | 257.3M | 256.6M | 256.0M |
| Current ratio | 0.91 | 3.04 | 3.46 | 7.86 | 7.85 | 7.38 | 8.03 | 7.52 | 5.54 | 7.26 | 7.25 | 7.46 |
| Quick ratio | 0.91 | 2.70 | 3.41 | 7.75 | 7.71 | 7.27 | 7.77 | 7.22 | 5.31 | 6.99 | 7.03 | 7.22 |
| Debt / equity | 0.75 | 0.86 | 0.82 | 0.99 | 1.00 | 0.94 | 1.07 | 1.15 | 1.26 | 1.43 | 1.42 | 1.45 |
| Equity / assets | 53.7% | 50.7% | 51.6% | 47.5% | 47.3% | 48.8% | 45.8% | 44.0% | 41.9% | 39.0% | 39.2% | 38.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 9, 2026); data from EODHD.
OHI financial position
At the end of fiscal 2025 (December 31, 2025), Omega Healthcare Investors had total assets of $10.0 billion (up 1.5% from a year earlier), total liabilities of $4.6 billion and shareholders' equity of $5.2 billion. It held $27.0 million in cash and short-term investments against $4.3 billion of debt, net debt of $4.2 billion. Its current ratio was 3.46. In the latest quarter (ended June 30, 2026) total assets were $10.0 billion and equity $5.4 billion.
Related: OHI income statement, OHI cash flow statement, OHI key metrics. See the OHI stock overview for the latest quote and news.
OHI balance sheet FAQ
What are Omega Healthcare Investors's total assets?
Omega Healthcare Investors reported total assets of $10.0 billion at the end of fiscal 2025 (December 31, 2025), compared with $9.9 billion a year earlier.
How much debt does Omega Healthcare Investors have?
Omega Healthcare Investors had $4.3 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.82.
How much cash does Omega Healthcare Investors have?
Omega Healthcare Investors held $27.0 million in cash and short-term investments at the end of fiscal 2025; with $4.3 billion of debt that is net debt of $4.2 billion.
What is Omega Healthcare Investors's book value?
Omega Healthcare Investors's shareholders' equity (book value) was $5.2 billion at the end of fiscal 2025, or $16.68 per share.
What is Omega Healthcare Investors's current ratio?
Omega Healthcare Investors had current assets of $2.1 billion and current liabilities of $594.5 million, a current ratio of 3.46 (it can cover its short-term obligations).
How much goodwill does Omega Healthcare Investors have?
Omega Healthcare Investors carried $671.8 million of goodwill and intangible assets, 6.7% of total assets, at the end of fiscal 2025.