ePlus inc. (PLUS) Balance Sheet
PLUS balance sheet, FY2026
March 31, 2026 · U.S. dollars$1.81B assets = $745.5M liabilities + $1.07B equity
Both columns are drawn to the same scale: what PLUS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PLUS financial health
Descriptive bands, not a rating. Fiscal FY2026.
PLUS balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $741.7MFY2017 | $1.81BFY2026 | +10.5%/yr | |
| Total liabilities | $395.8MFY2017 | $745.5MFY2026 | +7.3%/yr | |
| Shareholders’ equity | $345.9MFY2017 | $1.07BFY2026 | +13.4%/yr | |
| Cash & short-term investments | $109.8MFY2017 | $410.8MFY2026 | +15.8%/yr | |
| Total debt | $170.0MFY2017 | $16.2MFY2026 | −23.0%/yr | |
| Net cash (debt) | −$60.3MFY2017 | $394.6MFY2026 | +$454.8M | |
| Working capital | $220.8MFY2017 | $711.8MFY2026 | +$491.0M | |
| Book value per share | $12.33FY2017 | $40.54FY2026 | +14.1%/yr | |
| Current ratio | 1.59FY2017 | 2.12FY2026 | +0.53 | |
| Debt / equity | 0.49FY2017 | 0.02FY2026 | −0.48 | |
| Shares outstanding | 28.1MFY2017 | 26.4MFY2026 | −0.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PLUS assets
PLUS liabilities and equity
PLUS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PLUS balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $410.8M | $389.4M | $253.0M | $103.1M | $155.4M | $129.6M | $86.2M | $79.8M | $118.2M | $109.8M |
| Cash & equivalents | $410.8M | $389.4M | $253.0M | $103.1M | $155.4M | $129.6M | $86.2M | $79.8M | $118.2M | $109.8M |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $0 |
| Receivables | $706.7M | $739.9M | $794.1M | $649.5M | $540.5M | $538.9M | $481.7M | $405.0M | $366.6M | $342.7M |
| Inventory | $200.9M | $120.4M | $139.7M | $243.3M | $155.1M | $70.0M | $50.3M | $50.5M | $39.9M | $93.6M |
| Other current assets | $31.6M | $114.0M | $86.7M | $99.3M | $46.5M | $39.2M | $31.6M | $24.8M | $43.4M | $51.3M |
| Total current assets | $1.35B | $1.36B | $1.27B | $1.10B | $897.5M | $777.6M | $649.8M | $560.1M | $568.1M | $597.3M |
| Property, plant & equipment (net) | $27.8M | $35.0M | $32.0M | $75.1M | $45.6M | $27.1M | $30.3M | $17.3M | $19.1M | $12.0M |
| Goodwill & intangible assets | $264.2M | $284.9M | $205.6M | $161.2M | $153.8M | $165.3M | $152.6M | $149.7M | $102.9M | $60.6M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $68.5M | $71.9M |
| Other non-current assets | $172.4M | $201.1M | $142.4M | $83.4M | $69.3M | $106.9M | $76.4M | $59.0M | $0 | $0 |
| Total assets | $1.81B | $1.88B | $1.65B | $1.41B | $1.17B | $1.08B | $909.1M | $786.2M | $758.7M | $741.7M |
| Liabilities | ||||||||||
| Accounts payable | $384.3M | $451.7M | $315.7M | $220.2M | $136.2M | $165.2M | $82.9M | $86.8M | $106.9M | $113.5M |
| Short-term debt | $5.4M | $117.0M | $128.4M | $165.4M | $169.7M | $158.4M | $199.1M | $154.2M | $154.3M | $159.6M |
| Deferred revenue | $168.1M | $152.8M | $134.6M | $114.0M | $86.5M | $72.8M | $55.5M | $47.3M | $38.9M | $65.3M |
| Total current liabilities | $638.1M | $797.9M | $657.0M | $561.3M | $460.0M | $459.4M | $386.6M | $328.9M | $353.3M | $376.5M |
| Long-term debt | $0 | $11.3M | $12.9M | $9.5M | $9.9M | $18.3M | $5.9M | $10.5M | $10.1M | $10.4M |
| Lease obligations | — | — | — | — | — | $9.0M | $13.1M | — | — | — |
| Other long-term liabilities | $107.4M | $98.0M | $81.8M | $61.7M | $35.5M | $36.7M | $30.5M | $22.6M | $22.7M | $8.9M |
| Total liabilities | $745.5M | $907.2M | $751.7M | $632.6M | $505.5M | $514.4M | $423.0M | $361.9M | $386.1M | $395.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $278,000 | $276,000 | $274,000 | $272,000 | $270,000 | $145,000 | $144,000 | $143,000 | $142,000 | $142,000 |
| Retained earnings (deficit) | $956.0M | $851.0M | $743.0M | $627.2M | $507.8M | $484.6M | $410.2M | $341.1M | $277.9M | $222.8M |
| Treasury stock | — | — | — | −$14.1M | −$6.7M | −$75.4M | −$68.4M | −$54.0M | −$36.0M | $0 |
| Accumulated other comprehensive income | $4.4M | $3.4M | $2.3M | $1.6M | −$124,000 | $655,000 | −$991,000 | −$271,000 | $532,000 | −$583,000 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $1.07B | $977.6M | $901.8M | $782.3M | $660.7M | $562.4M | $486.1M | $424.3M | $372.6M | $345.9M |
| Key figures | ||||||||||
| Total debt | $16.2M | $128.3M | $141.3M | $175.0M | $179.6M | $181.8M | $213.3M | $164.7M | $164.4M | $170.0M |
| Net cash (debt) | $394.6M | $261.1M | $111.7M | −$71.9M | −$24.2M | −$52.2M | −$127.1M | −$84.9M | −$46.2M | −$60.3M |
| Working capital | $711.8M | $565.9M | $616.5M | $533.8M | $437.4M | $318.2M | $263.2M | $231.3M | $214.8M | $220.8M |
| Tangible book value | $804.7M | $692.8M | $696.2M | $621.1M | $506.9M | $397.2M | $333.6M | $274.5M | $269.7M | $285.4M |
| Book value per share | $40.54 | $36.73 | $33.75 | $29.35 | $24.59 | $20.96 | $18.12 | $15.62 | $13.34 | $12.33 |
| Shares outstanding | 26.4M | 26.6M | 26.7M | 26.7M | 26.9M | 26.8M | 26.8M | 27.2M | 27.9M | 28.1M |
| Current ratio | 2.12 | 1.71 | 1.94 | 1.95 | 1.95 | 1.69 | 1.68 | 1.70 | 1.61 | 1.59 |
| Quick ratio | 1.75 | 1.42 | 1.59 | 1.34 | 1.51 | 1.46 | 1.47 | 1.47 | 1.37 | 1.20 |
| Debt / equity | 0.02 | 0.13 | 0.16 | 0.22 | 0.27 | 0.32 | 0.44 | 0.39 | 0.44 | 0.49 |
| Equity / assets | 58.9% | 51.9% | 54.5% | 55.3% | 56.7% | 52.2% | 53.5% | 54.0% | 49.1% | 46.6% |
| 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 | $448.9M | $410.8M | $326.3M | $402.2M | $480.2M | $389.4M | $253.1M | $187.5M | $349.9M | $253.0M | $142.2M | $82.5M |
| Cash & equivalents | $448.9M | $410.8M | $326.3M | $402.2M | $480.2M | $389.4M | $253.1M | $187.5M | $349.9M | $253.0M | $142.2M | $82.5M |
| Receivables | $783.3M | $706.7M | $741.5M | $721.1M | $739.5M | $739.9M | $805.2M | $800.5M | $741.1M | $794.1M | $757.8M | $859.6M |
| Inventory | $146.0M | $200.9M | $241.0M | $154.1M | $101.1M | $120.4M | $99.0M | $93.9M | $89.1M | $139.7M | $218.0M | $222.1M |
| Other current assets | $122.7M | $31.6M | $145.4M | $95.3M | $81.6M | $114.0M | $51.4M | $120.5M | $83.9M | $86.7M | $101.3M | $105.0M |
| Total current assets | $1.50B | $1.35B | $1.45B | $1.37B | $1.40B | $1.36B | $1.21B | $1.20B | $1.26B | $1.27B | $1.22B | $1.27B |
| Property, plant & equipment (net) | $97.6M | $27.8M | $99.4M | $109.4M | $107.5M | $35.0M | $104.8M | $104.1M | $94.4M | $32.0M | $88.6M | $76.8M |
| Goodwill & intangible assets | $259.7M | $264.2M | $269.0M | $274.0M | $279.4M | $284.9M | $290.6M | $297.4M | $201.8M | $205.6M | $201.3M | $205.1M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $9.0M | $172.4M | $9.0M | $10.6M | $9.9M | $201.1M | $161.7M | $96.2M | $90.7M | $142.4M | $86.5M | $67.6M |
| Total assets | $1.87B | $1.81B | $1.83B | $1.77B | $1.80B | $1.88B | $1.77B | $1.70B | $1.65B | $1.65B | $1.60B | $1.62B |
| Liabilities | ||||||||||||
| Accounts payable | $317.1M | $384.3M | $291.4M | $281.8M | $320.4M | $451.7M | $428.8M | $281.9M | $270.6M | $315.7M | $387.2M | $464.5M |
| Short-term debt | — | $5.4M | $133.2M | $98.5M | $129.4M | $117.0M | $24.2M | $144.6M | $149.4M | $128.4M | $36.2M | $43.8M |
| Deferred revenue | $161.0M | $168.1M | $168.3M | $163.5M | $158.8M | $152.8M | $154.3M | $143.3M | $138.6M | $134.6M | $130.4M | $118.9M |
| Total current liabilities | $704.3M | $638.1M | $682.1M | $628.1M | $687.8M | $797.9M | $696.8M | $649.9M | $628.2M | $657.0M | $631.5M | $700.4M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $11.3M | $9.6M | $9.7M | $10.9M | $12.9M | $12.2M | $9.7M |
| Other long-term liabilities | $90.7M | $107.4M | $86.3M | $92.6M | $91.0M | $98.0M | $97.0M | $93.4M | $90.0M | $81.8M | $74.1M | $63.0M |
| Total liabilities | $795.0M | $745.5M | $768.4M | $720.7M | $778.7M | $907.2M | $803.4M | $753.1M | $729.0M | $751.7M | $717.8M | $773.1M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $279,000 | $278,000 | $278,000 | $277,000 | $277,000 | $276,000 | $276,000 | $276,000 | $276,000 | $274,000 | $274,000 | $274,000 |
| Retained earnings (deficit) | $979.2M | $956.0M | $945.3M | $916.9M | $888.7M | $851.0M | $825.8M | $801.6M | $770.3M | $743.0M | $721.0M | $693.7M |
| Accumulated other comprehensive income | $4.4M | $4.4M | $5.5M | $5.4M | $6.6M | $3.4M | $1.9M | $5.2M | $2.3M | $2.3M | $2.8M | $766,000 |
| Total shareholders' equity | $1.07B | $1.07B | $1.06B | $1.05B | $1.02B | $977.6M | $962.3M | $947.0M | $921.9M | $901.8M | $877.8M | $845.7M |
| Key figures | ||||||||||||
| Total debt | — | $16.2M | $133.2M | $98.5M | $129.4M | $128.3M | $33.8M | $154.4M | $160.3M | $141.3M | $48.4M | $53.6M |
| Net cash (debt) | — | $394.6M | $193.1M | $303.6M | $350.8M | $261.1M | $219.3M | $33.2M | $189.6M | $111.7M | $93.8M | $28.9M |
| Working capital | $796.5M | $711.8M | $772.1M | $744.6M | $714.6M | $565.9M | $511.9M | $552.5M | $635.9M | $616.5M | $587.9M | $568.9M |
| Tangible book value | $812.4M | $804.7M | $794.3M | $772.0M | $741.0M | $692.8M | $671.8M | $649.6M | $720.1M | $696.2M | $676.5M | $640.6M |
| Book value per share | $41.13 | $40.70 | $40.45 | $39.62 | $38.68 | $36.73 | $36.15 | $35.50 | $34.40 | $33.64 | $32.88 | $31.70 |
| Shares outstanding | 26.1M | 26.3M | 26.3M | 26.4M | 26.4M | 26.6M | 26.6M | 26.7M | 26.8M | 26.8M | 26.7M | 26.7M |
| Current ratio | 2.13 | 2.12 | 2.13 | 2.19 | 2.04 | 1.71 | 1.73 | 1.85 | 2.01 | 1.94 | 1.93 | 1.81 |
| Quick ratio | 1.75 | 1.75 | 1.57 | 1.79 | 1.77 | 1.42 | 1.52 | 1.52 | 1.74 | 1.59 | 1.43 | 1.35 |
| Debt / equity | — | 0.02 | 0.13 | 0.09 | 0.13 | 0.13 | 0.04 | 0.16 | 0.17 | 0.16 | 0.06 | 0.06 |
| Equity / assets | 57.4% | 58.9% | 58.1% | 59.2% | 56.7% | 51.9% | 54.5% | 55.7% | 55.8% | 54.5% | 55.0% | 52.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed May 28, 2026); data from EODHD.
PLUS financial position
At the end of fiscal 2026 (March 31, 2026), ePlus inc. had total assets of $1.8 billion (down 3.7% from a year earlier), total liabilities of $745.5 million and shareholders' equity of $1.1 billion. It held $410.8 million in cash and short-term investments against $16.2 million of debt, a net cash position of $394.6 million. Its current ratio was 2.12. In the latest quarter (ended June 30, 2026) total assets were $1.9 billion and equity $1.1 billion.
Related: PLUS income statement, PLUS cash flow statement, PLUS key metrics. See the PLUS stock overview for the latest quote and news.
PLUS balance sheet FAQ
What are ePlus inc.'s total assets?
ePlus inc. reported total assets of $1.8 billion at the end of fiscal 2026 (March 31, 2026), compared with $1.9 billion a year earlier.
How much debt does ePlus inc. have?
ePlus inc. had $16.2 million of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was 0.02.
How much cash does ePlus inc. have?
ePlus inc. held $410.8 million in cash and short-term investments at the end of fiscal 2026; with $16.2 million of debt that is net cash of $394.6 million.
What is ePlus inc.'s book value?
ePlus inc.'s shareholders' equity (book value) was $1.1 billion at the end of fiscal 2026, or $40.54 per share.
What is ePlus inc.'s current ratio?
ePlus inc. had current assets of $1.3 billion and current liabilities of $638.1 million, a current ratio of 2.12 (it can cover its short-term obligations).
How much goodwill does ePlus inc. have?
ePlus inc. carried $264.2 million of goodwill and intangible assets, 14.6% of total assets, at the end of fiscal 2026.