Qnity Electronics, Inc. (Q) Balance Sheet
Q balance sheet, 2025
December 31, 2025 · U.S. dollars$14.07B assets = $6.70B liabilities + $7.37B equity
Both columns are drawn to the same scale: what Q owns equals what it owes plus shareholders’ equity. Hover a block for its value.
Q financial health
Descriptive bands, not a rating. Fiscal 2025.
Q balance sheet trends, 2023–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $12.52B2023 | $14.07B2025 | +6.0%/yr | |
| Total liabilities | $1.33B2023 | $6.70B2025 | +124.3%/yr | |
| Shareholders’ equity | $10.94B2023 | $7.09B2025 | −19.5%/yr | |
| Cash & short-term investments | $139.0M2023 | $915.0M2025 | +156.6%/yr | |
| Total debt | $222.0M2023 | $4.98B2025 | +373.6%/yr | |
| Net cash (debt) | −$83.0M2023 | −$4.07B2025 | −$4.0B | |
| Working capital | $687.0M2023 | $1.28B2025 | +$595.0M | |
| Book value per share | $52.232023 | $33.872025 | −19.5%/yr | |
| Current ratio | 2.012023 | 1.952025 | −0.07 | |
| Debt / equity | 0.022023 | 0.702025 | +0.68 | |
| Shares outstanding | 209.4M2023 | 209.5M2025 | +0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
Q assets
Q liabilities and equity
Q debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
Q balance sheet
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Assets | |||
| Cash & short-term investments | $915.0M | $166.0M | $139.0M |
| Cash & equivalents | $915.0M | $166.0M | $139.0M |
| Receivables | $992.0M | $682.0M | $657.0M |
| Inventory | $661.0M | $597.0M | $534.0M |
| Other current assets | $70.0M | $38.0M | $34.0M |
| Total current assets | $2.64B | $1.48B | $1.36B |
| Property, plant & equipment (net) | $3.15B | $1.68B | $1.71B |
| Goodwill & intangible assets | $8.63B | $8.66B | $8.99B |
| Long-term investments | $402.0M | $394.0M | $399.0M |
| Other non-current assets | $0 | $56.0M | $55.0M |
| Total assets | $14.07B | $12.27B | $12.52B |
| Liabilities | |||
| Accounts payable | $680.0M | $450.0M | $385.0M |
| Short-term debt | $67.0M | $61.0M | $53.0M |
| Deferred revenue | — | $1.0M | — |
| Total current liabilities | $1.36B | $839.0M | $677.0M |
| Long-term debt | $4.00B | $0 | $0 |
| Other long-term liabilities | $1.34B | $538.0M | $655.0M |
| Total liabilities | $6.70B | $1.38B | $1.33B |
| Shareholders' equity | |||
| Common stock & paid-in capital | $2.0M | $11.06B | $11.18B |
| Retained earnings (deficit) | $18.0M | $0 | — |
| Accumulated other comprehensive income | −$213.0M | −$414.0M | −$245.0M |
| Minority interest | $271.0M | $252.0M | $246.0M |
| Total shareholders' equity | $7.09B | $10.64B | $10.94B |
| Key figures | |||
| Total debt | $4.98B | $191.0M | $222.0M |
| Net cash (debt) | −$4.07B | −$25.0M | −$83.0M |
| Working capital | $1.28B | $644.0M | $687.0M |
| Tangible book value | −$1.54B | $1.98B | $1.95B |
| Book value per share | $33.87 | $50.82 | $52.23 |
| Shares outstanding | 209.5M | 209.4M | 209.4M |
| Current ratio | 1.95 | 1.77 | 2.01 |
| Quick ratio | 1.41 | 1.01 | 1.18 |
| Debt / equity | 0.70 | 0.02 | 0.02 |
| Equity / assets | 50.4% | 86.7% | 87.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $961.0M | $857.0M | $915.0M | $128.0M | $179.0M | $162.0M | $166.0M |
| Cash & equivalents | $961.0M | $857.0M | $915.0M | $128.0M | $179.0M | $162.0M | $166.0M |
| Receivables | $1.14B | $1.04B | $992.0M | $802.0M | $926.0M | $871.0M | $580.0M |
| Inventory | $730.0M | $696.0M | $661.0M | $647.0M | $662.0M | $637.0M | $597.0M |
| Other current assets | $67.0M | $90.0M | $70.0M | $44.0M | $0 | $15.0M | $140.0M |
| Total current assets | $2.90B | $2.68B | $2.64B | $1.62B | $1.62B | $1.69B | $1.48B |
| Property, plant & equipment (net) | $1.78B | $1.69B | $3.15B | $1.74B | $1.63B | $1.58B | $1.55B |
| Goodwill & intangible assets | $8.53B | $8.57B | $8.63B | $8.66B | $8.71B | $8.65B | $8.66B |
| Long-term investments | $427.0M | $417.0M | $402.0M | $433.0M | $418.0M | $402.0M | $394.0M |
| Other non-current assets | $698.0M | $697.0M | $0 | $57.0M | $174.0M | $715.0M | $183.0M |
| Total assets | $14.33B | $14.06B | $14.07B | $12.51B | $12.55B | $13.03B | $12.27B |
| Liabilities | |||||||
| Accounts payable | $790.0M | $699.0M | $680.0M | $590.0M | $557.0M | $522.0M | $528.0M |
| Short-term debt | $23.0M | $23.0M | $67.0M | $28.0M | $84.0M | $15.0M | — |
| Deferred revenue | — | — | — | $1.0M | — | — | — |
| Total current liabilities | $1.44B | $1.26B | $1.36B | $910.0M | $807.0M | $882.0M | $839.0M |
| Long-term debt | $4.00B | $4.00B | $4.00B | $1.72B | $4.00B | $0 | $0 |
| Other long-term liabilities | $1.35B | $1.34B | $1.34B | $493.0M | $0 | $5.27B | $538.0M |
| Total liabilities | $6.79B | $6.60B | $6.70B | $3.12B | $1.35B | $6.15B | $1.38B |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $2.0M | $2.0M | $2.0M | $9.35B | $11.12B | $11.15B | — |
| Retained earnings (deficit) | $260.0M | $170.0M | $18.0M | — | — | — | $0 |
| Accumulated other comprehensive income | −$269.0M | −$264.0M | −$213.0M | −$224.0M | −$191.0M | −$359.0M | — |
| Minority interest | $285.0M | $275.0M | $271.0M | $264.0M | $268.0M | — | — |
| Total shareholders' equity | $7.26B | $7.19B | $7.09B | $9.12B | $10.93B | $6.63B | $10.64B |
| Key figures | |||||||
| Total debt | $4.02B | $4.02B | $4.98B | $1.85B | $187.0M | $4.03B | — |
| Net cash (debt) | −$3.06B | −$3.17B | −$4.07B | −$1.72B | −$8.0M | −$3.86B | — |
| Working capital | $1.45B | $1.42B | $1.28B | $711.0M | $815.0M | $803.0M | $644.0M |
| Tangible book value | −$1.27B | −$1.39B | −$1.54B | $466.0M | $2.22B | −$2.02B | $1.98B |
| Book value per share | $34.53 | $34.17 | $33.87 | $43.55 | $52.19 | $31.64 | $50.82 |
| Shares outstanding | 210.3M | 210.3M | 209.5M | 209.5M | 209.4M | 209.4M | 209.4M |
| Current ratio | 2.01 | 2.12 | 1.95 | 1.78 | 2.01 | 1.91 | 1.77 |
| Quick ratio | 1.46 | 1.50 | 1.41 | 1.02 | 1.37 | 1.17 | 0.89 |
| Debt / equity | 0.55 | 0.56 | 0.70 | 0.20 | 0.02 | 0.61 | — |
| Equity / assets | 50.7% | 51.1% | 50.4% | 72.9% | 87.1% | 50.9% | 86.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
Q financial position
At the end of fiscal 2025 (December 31, 2025), Qnity Electronics had total assets of $14.1 billion (up 14.6% from a year earlier), total liabilities of $6.7 billion and shareholders' equity of $7.1 billion. It held $915.0 million in cash and short-term investments against $5.0 billion of debt, net debt of $4.1 billion. Its current ratio was 1.95. In the latest quarter (ended June 30, 2026) total assets were $14.3 billion and equity $7.3 billion.
Related: Q income statement, Q cash flow statement, Q key metrics. See the Q stock overview for the latest quote and news.
Q balance sheet FAQ
What are Qnity Electronics's total assets?
Qnity Electronics reported total assets of $14.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $12.3 billion a year earlier.
How much debt does Qnity Electronics have?
Qnity Electronics had $5.0 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.70.
How much cash does Qnity Electronics have?
Qnity Electronics held $915.0 million in cash and short-term investments at the end of fiscal 2025; with $5.0 billion of debt that is net debt of $4.1 billion.
What is Qnity Electronics's book value?
Qnity Electronics's shareholders' equity (book value) was $7.1 billion at the end of fiscal 2025, or $33.87 per share.
What is Qnity Electronics's current ratio?
Qnity Electronics had current assets of $2.6 billion and current liabilities of $1.4 billion, a current ratio of 1.95 (it can cover its short-term obligations).
How much goodwill does Qnity Electronics have?
Qnity Electronics carried $8.6 billion of goodwill and intangible assets, 61.4% of total assets, at the end of fiscal 2025.