Phibro Animal Health Corporation (PAHC) Balance Sheet
PAHC balance sheet, FY2026
June 30, 2026 · U.S. dollars$1.50B assets = $1.12B liabilities + $385.5M equity
Both columns are drawn to the same scale: what PAHC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PAHC financial health
Current ratio2.96
Comfortable · current assets cover current liabilities 2.96×
Debt / equity2.05
High leverage · $2.05 of debt for each $1 of equity
Equity / assets25.7%
Balanced · of assets funded by shareholders
Cash / debt10.4%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles6.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
PAHC balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $623.4MFY2017 | $1.50BFY2026 | +10.3%/yr | |
| Total liabilities | $472.2MFY2017 | $1.12BFY2026 | +10.0%/yr | |
| Shareholders’ equity | $151.2MFY2017 | $385.5MFY2026 | +11.0%/yr | |
| Cash & short-term investments | $56.1MFY2017 | $82.0MFY2026 | +4.3%/yr | |
| Total debt | $313.1MFY2017 | $788.8MFY2026 | +10.8%/yr | |
| Net cash (debt) | −$257.1MFY2017 | −$706.8MFY2026 | −$449.7M | |
| Working capital | $247.9MFY2017 | $619.0MFY2026 | +$371.2M | |
| Book value per share | $3.78FY2017 | $9.40FY2026 | +10.7%/yr | |
| Current ratio | 3.14FY2017 | 2.96FY2026 | −0.18 | |
| Debt / equity | 2.07FY2017 | 2.05FY2026 | −0.03 | |
| Shares outstanding | 40.0MFY2017 | 41.0MFY2026 | +0.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PAHC assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
PAHC liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
PAHC debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PAHC balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $82.0M | $77.0M | $114.6M | $81.3M | $91.2M | $93.2M | $91.3M | $81.6M | $79.2M | $56.1M |
| Cash & equivalents | $61.4M | $68.0M | $70.6M | $41.3M | $74.2M | $50.2M | $36.3M | $57.6M | $29.2M | $56.1M |
| Short-term investments | $20.6M | $9.0M | $44.0M | $40.0M | $17.0M | $43.0M | $55.0M | $24.0M | $50.0M | $2.7M |
| Receivables | $238.8M | $228.0M | $169.5M | $163.5M | $166.5M | $146.9M | $126.5M | $159.0M | $135.7M | $125.8M |
| Inventory | $534.9M | $444.4M | $265.9M | $277.6M | $259.2M | $216.3M | $196.7M | $198.3M | $178.2M | $161.2M |
| Other current assets | $79.8M | $61.2M | $51.0M | $63.4M | $49.3M | $42.5M | $37.3M | $27.2M | $22.4M | $20.5M |
| Total current assets | $935.5M | $810.6M | $601.0M | $585.7M | $566.2M | $498.9M | $451.8M | $466.2M | $415.5M | $363.7M |
| Property, plant & equipment (net) | $369.2M | $396.0M | $240.9M | $231.3M | $203.2M | $187.7M | $171.0M | $140.2M | $130.1M | $127.4M |
| Goodwill & intangible assets | $90.1M | $96.1M | $99.6M | $108.3M | $117.1M | $115.0M | $123.7M | $74.8M | $79.3M | $78.6M |
| Long-term investments | $12.8M | $11.7M | $11.5M | $11.1M | $10.3M | $10.1M | $10.0M | $9.6M | $9.2M | $9.3M |
| Other non-current assets | $93.6M | $46.5M | $29.2M | $35.0M | $34.9M | $29.7M | $27.6M | $35.8M | $37.6M | $44.5M |
| Total assets | $1.50B | $1.36B | $982.2M | $971.4M | $931.7M | $841.3M | $784.1M | $726.7M | $671.7M | $623.4M |
| Liabilities | ||||||||||
| Accounts payable | $127.3M | $138.2M | $85.6M | $73.9M | $95.6M | $68.4M | $66.1M | $73.2M | $59.5M | $56.9M |
| Short-term debt | $35.6M | $25.4M | $37.3M | $28.3M | $21.1M | $16.0M | $25.2M | $12.5M | $12.6M | $6.2M |
| Deferred revenue | — | — | $2.9M | $370,000 | $822,000 | $58.9M | $44.8M | $52.8M | $3.6M | $41.4M |
| Total current liabilities | $316.5M | $293.5M | $204.1M | $176.0M | $190.8M | $164.1M | $157.2M | $154.2M | $143.2M | $115.8M |
| Long-term debt | $707.8M | $702.4M | $458.3M | $452.5M | $417.9M | $382.7M | $368.3M | $217.6M | $229.8M | $241.9M |
| Lease obligations | $56.0M | $42.9M | $37.4M | $35.1M | $37.6M | $34.6M | $23.7M | — | — | — |
| Other long-term liabilities | $91.5M | $79.3M | $63.1M | $60.3M | $60.5M | $56.0M | $70.4M | $138.8M | $113.7M | $114.6M |
| Total liabilities | $1.12B | $1.08B | $725.5M | $688.9M | $669.3M | $602.8M | $595.9M | $510.7M | $486.7M | $472.2M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 |
| Retained earnings (deficit) | $353.0M | $272.7M | $243.9M | $260.9M | $247.7M | $218.0M | $183.1M | $168.9M | $131.6M | $82.8M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$106.1M | −$124.0M | −$123.5M | −$114.2M | −$121.1M | −$115.3M | −$130.4M | −$86.2M | −$76.5M | −$55.4M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $385.5M | $285.7M | $256.6M | $282.5M | $262.4M | $238.5M | $188.2M | $216.0M | $185.0M | $151.2M |
| Key figures | ||||||||||
| Total debt | $788.8M | $761.6M | $525.5M | $510.0M | $470.5M | $426.7M | $410.7M | $326.2M | $312.4M | $313.1M |
| Net cash (debt) | −$706.8M | −$684.5M | −$410.8M | −$428.7M | −$379.2M | −$333.5M | −$319.4M | −$244.6M | −$233.2M | −$257.1M |
| Working capital | $619.0M | $517.1M | $396.8M | $409.7M | $375.4M | $334.8M | $294.6M | $311.9M | $272.2M | $247.9M |
| Tangible book value | $295.4M | $189.6M | $157.1M | $174.2M | $145.4M | $123.6M | $64.5M | $141.2M | $105.6M | $72.6M |
| Book value per share | $9.40 | $7.02 | $6.33 | $6.97 | $6.48 | $5.89 | $4.65 | $5.33 | $4.58 | $3.78 |
| Shares outstanding | 41.0M | 40.7M | 40.5M | 40.5M | 40.5M | 40.5M | 40.5M | 40.5M | 40.4M | 40.0M |
| Current ratio | 2.96 | 2.76 | 2.94 | 3.33 | 2.97 | 3.04 | 2.87 | 3.02 | 2.90 | 3.14 |
| Quick ratio | 1.01 | 1.04 | 1.39 | 1.39 | 1.35 | 1.46 | 1.39 | 1.56 | 1.50 | 1.57 |
| Debt / equity | 2.05 | 2.67 | 2.05 | 1.81 | 1.79 | 1.79 | 2.18 | 1.51 | 1.69 | 2.07 |
| Equity / assets | 25.7% | 21.0% | 26.1% | 29.1% | 28.2% | 28.4% | 24.0% | 29.7% | 27.5% | 24.2% |
| 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 | $82.0M | $77.5M | $74.5M | $85.3M | $77.0M | $70.4M | $67.1M | $89.8M | $114.6M | $98.7M | $92.5M | $91.2M |
| Cash & equivalents | $61.4M | $54.9M | $55.5M | $72.8M | $68.0M | $60.4M | $67.1M | $51.8M | $70.6M | $50.2M | $33.0M | $43.2M |
| Short-term investments | $20.6M | $22.5M | $19.0M | $12.5M | $9.0M | $10.0M | $0 | $38.0M | $44.0M | $48.5M | $59.5M | $48.0M |
| Receivables | $238.8M | $221.5M | $215.9M | $217.9M | $228.0M | $197.5M | $191.8M | $160.8M | $169.5M | $161.1M | $150.6M | $149.2M |
| Inventory | $534.9M | $539.7M | $517.3M | $471.8M | $444.4M | $448.4M | $427.2M | $272.6M | $265.9M | $282.3M | $286.7M | $279.2M |
| Other current assets | $79.8M | $55.4M | $54.5M | $60.9M | $61.2M | $59.8M | $60.1M | $47.6M | $51.0M | $55.1M | $56.8M | $64.9M |
| Total current assets | $935.5M | $894.1M | $862.2M | $835.8M | $810.6M | $776.0M | $746.2M | $570.8M | $601.0M | $597.2M | $586.6M | $584.4M |
| Property, plant & equipment (net) | $369.2M | $408.5M | $394.8M | $394.9M | $396.0M | $378.3M | $375.0M | $243.9M | $240.9M | $239.2M | $239.0M | $229.7M |
| Goodwill & intangible assets | $90.1M | $91.6M | $92.9M | $94.7M | $96.1M | $92.3M | $94.4M | $97.5M | $99.6M | $102.9M | $105.6M | $105.4M |
| Long-term investments | $12.8M | $12.3M | $12.7M | $13.4M | $11.7M | $11.3M | $11.9M | $11.8M | $11.5M | $11.3M | $11.5M | $11.9M |
| Other non-current assets | $93.6M | $38.7M | $43.0M | $46.8M | $46.5M | $59.2M | $58.0M | $42.3M | $29.2M | $28.6M | $29.9M | $33.1M |
| Total assets | $1.50B | $1.45B | $1.41B | $1.39B | $1.36B | $1.32B | $1.29B | $966.3M | $982.2M | $979.0M | $972.7M | $964.5M |
| Liabilities | ||||||||||||
| Accounts payable | $127.3M | $129.6M | $133.3M | $130.6M | $138.2M | $131.6M | $99.4M | $86.5M | $85.6M | $82.6M | $86.4M | $77.2M |
| Short-term debt | $35.6M | $32.2M | $29.6M | $27.5M | $25.4M | $25.2M | $24.3M | $15.4M | $37.3M | $36.9M | $33.0M | $30.6M |
| Deferred revenue | — | — | — | — | — | — | — | — | $2.9M | $5.3M | $47.4M | $44.9M |
| Total current liabilities | $316.5M | $281.9M | $282.4M | $270.1M | $293.5M | $266.5M | $233.2M | $176.9M | $204.1M | $189.1M | $187.7M | $172.4M |
| Long-term debt | $707.8M | $712.7M | $710.6M | $724.5M | $702.4M | $711.2M | $736.9M | $466.7M | $458.3M | $456.0M | $448.9M | $458.7M |
| Lease obligations | $56.0M | $51.9M | $41.9M | $42.1M | $42.9M | $42.6M | $36.3M | $37.7M | $37.4M | $37.2M | $38.2M | $35.5M |
| Other long-term liabilities | $91.5M | $88.7M | $80.2M | $79.2M | $79.3M | $73.6M | $68.6M | $64.2M | $63.1M | $63.9M | $65.3M | $60.4M |
| Total liabilities | $1.12B | $1.08B | $1.07B | $1.07B | $1.08B | $1.05B | $1.04B | $707.8M | $725.5M | $708.9M | $701.9M | $691.5M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 |
| Retained earnings (deficit) | $353.0M | $336.1M | $317.0M | $294.4M | $272.7M | $260.3M | $244.3M | $246.0M | $243.9M | $248.0M | $244.4M | $248.0M |
| Accumulated other comprehensive income | −$106.1M | −$112.5M | −$122.4M | −$120.0M | −$124.0M | −$131.2M | −$134.2M | −$123.9M | −$123.5M | −$114.0M | −$109.6M | −$110.9M |
| Total shareholders' equity | $385.5M | $361.8M | $332.4M | $311.7M | $285.7M | $266.0M | $246.8M | $258.5M | $256.6M | $270.1M | $270.8M | $273.1M |
| Key figures | ||||||||||||
| Total debt | $788.8M | $787.4M | $773.2M | $785.1M | $761.6M | $770.0M | $789.5M | $511.9M | $525.5M | $523.0M | $513.1M | $518.3M |
| Net cash (debt) | −$706.8M | −$710.0M | −$698.7M | −$699.8M | −$684.5M | −$699.7M | −$722.4M | −$422.0M | −$410.8M | −$424.2M | −$420.6M | −$427.2M |
| Working capital | $619.0M | $612.2M | $579.8M | $565.7M | $517.1M | $509.5M | $512.9M | $393.9M | $396.8M | $408.1M | $398.9M | $412.1M |
| Tangible book value | $295.4M | $270.3M | $239.5M | $217.0M | $189.6M | $173.7M | $152.4M | $161.0M | $157.1M | $167.2M | $165.2M | $167.6M |
| Book value per share | $9.40 | $8.82 | $8.12 | $7.62 | $7.02 | $6.53 | $6.06 | $6.37 | $6.33 | $6.67 | $6.69 | $6.74 |
| Shares outstanding | 41.0M | 41.0M | 41.0M | 40.9M | 40.7M | 40.7M | 40.7M | 40.6M | 40.5M | 40.5M | 40.5M | 40.5M |
| Current ratio | 2.96 | 3.17 | 3.05 | 3.09 | 2.76 | 2.91 | 3.20 | 3.23 | 2.94 | 3.16 | 3.12 | 3.39 |
| Quick ratio | 1.01 | 1.06 | 1.03 | 1.12 | 1.04 | 1.01 | 1.11 | 1.42 | 1.39 | 1.37 | 1.30 | 1.39 |
| Debt / equity | 2.05 | 2.18 | 2.33 | 2.52 | 2.67 | 2.89 | 3.20 | 1.98 | 2.05 | 1.94 | 1.89 | 1.90 |
| Equity / assets | 25.7% | 25.0% | 23.6% | 22.5% | 21.0% | 20.2% | 19.2% | 26.8% | 26.1% | 27.6% | 27.8% | 28.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed August 26, 2026); data from EODHD.
PAHC financial position
At the end of fiscal 2026 (June 30, 2026), Phibro Animal Health had total assets of $1.5 billion (up 10.3% from a year earlier), total liabilities of $1.1 billion and shareholders' equity of $385.5 million. It held $82.0 million in cash and short-term investments against $788.8 million of debt, net debt of $706.8 million. Its current ratio was 2.96.
Related: PAHC income statement, PAHC cash flow statement, PAHC key metrics. See the PAHC stock overview for the latest quote and news.
PAHC balance sheet FAQ
What are Phibro Animal Health's total assets?
Phibro Animal Health reported total assets of $1.5 billion at the end of fiscal 2026 (June 30, 2026), compared with $1.4 billion a year earlier.
How much debt does Phibro Animal Health have?
Phibro Animal Health had $788.8 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 2.05.
How much cash does Phibro Animal Health have?
Phibro Animal Health held $82.0 million in cash and short-term investments at the end of fiscal 2026; with $788.8 million of debt that is net debt of $706.8 million.
What is Phibro Animal Health's book value?
Phibro Animal Health's shareholders' equity (book value) was $385.5 million at the end of fiscal 2026, or $9.40 per share.
What is Phibro Animal Health's current ratio?
Phibro Animal Health had current assets of $935.5 million and current liabilities of $316.5 million, a current ratio of 2.96 (it can cover its short-term obligations).
How much goodwill does Phibro Animal Health have?
Phibro Animal Health carried $90.1 million of goodwill and intangible assets, 6.0% of total assets, at the end of fiscal 2026.