The J. M. Smucker Company (SJM) Balance Sheet
SJM balance sheet, FY2026
April 30, 2026 · U.S. dollars$16.22B assets = $10.68B liabilities + $5.54B equity
Both columns are drawn to the same scale: what SJM owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SJM financial health
Current ratio0.78
Tight · current assets cover current liabilities 0.78×
Debt / equity1.28
Moderate leverage · $1.28 of debt for each $1 of equity
Equity / assets34.2%
Balanced · of assets funded by shareholders
Cash / debt0.8%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles67.1%
Mostly intangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
SJM balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $15.64BFY2017 | $16.22BFY2026 | +0.4%/yr | |
| Total liabilities | $8.79BFY2017 | $10.68BFY2026 | +2.2%/yr | |
| Shareholders’ equity | $6.85BFY2017 | $5.54BFY2026 | −2.3%/yr | |
| Cash & short-term investments | $166.8MFY2017 | $58.6MFY2026 | −11.0%/yr | |
| Total debt | $5.40BFY2017 | $7.09BFY2026 | +3.1%/yr | |
| Net cash (debt) | −$5.23BFY2017 | −$7.03BFY2026 | −$1.8B | |
| Working capital | −$190.8MFY2017 | −$565.1MFY2026 | −$374.3M | |
| Book value per share | $58.99FY2017 | $51.96FY2026 | −1.4%/yr | |
| Current ratio | 0.90FY2017 | 0.78FY2026 | −0.12 | |
| Debt / equity | 0.79FY2017 | 1.28FY2026 | +0.49 | |
| Shares outstanding | 116.1MFY2017 | 106.7MFY2026 | −0.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SJM assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
SJM liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
SJM debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SJM balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $58.6M | $69.9M | $62.0M | $1.14B | $169.9M | $334.3M | $391.1M | $101.3M | $192.6M | $166.8M |
| Cash & equivalents | $58.6M | $69.9M | $62.0M | $655.8M | $169.9M | $334.3M | $391.1M | $101.3M | $192.6M | $166.8M |
| Short-term investments | — | — | $0 | $487.8M | $0 | — | — | — | $10.9M | $41.8M |
| Receivables | $656.3M | $619.0M | $736.5M | $597.6M | $524.7M | $533.7M | $551.4M | $503.8M | $385.6M | $438.7M |
| Inventory | $1.13B | $1.21B | $1.04B | $1.01B | $1.09B | $959.9M | $895.3M | $910.3M | $854.4M | $905.7M |
| Other current assets | $131.7M | $248.3M | $129.5M | $107.7M | $226.2M | $113.8M | $134.9M | $109.8M | $122.4M | $130.6M |
| Total current assets | $1.97B | $2.15B | $1.97B | $2.86B | $2.01B | $1.94B | $1.97B | $1.63B | $1.55B | $1.64B |
| Property, plant & equipment (net) | $3.18B | $3.19B | $3.25B | $2.24B | $2.24B | $2.14B | $2.12B | $1.91B | $1.73B | $1.62B |
| Goodwill & intangible assets | $10.89B | $12.06B | $14.91B | $9.65B | $11.67B | $12.06B | $12.73B | $13.03B | $11.86B | $12.23B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $38.6M | $40.9M | $45.8M | $47.3M |
| Other non-current assets | $176.7M | $164.8M | $154.2M | $247.0M | $138.7M | $134.2M | $107.8M | $103.1M | $112.6M | $106.1M |
| Total assets | $16.22B | $17.56B | $20.27B | $14.99B | $16.05B | $16.28B | $16.97B | $16.71B | $15.30B | $15.64B |
| Liabilities | ||||||||||
| Accounts payable | $1.18B | $1.29B | $1.34B | $1.39B | $1.19B | $1.03B | $782.0M | $591.0M | $512.1M | $477.2M |
| Short-term debt | $570.9M | $640.8M | $1.63B | $33.2M | $220.1M | $1.28B | $284.5M | $1.22B | $144.0M | $953.0M |
| Deferred revenue | — | — | $2.8M | −$33.2M | — | — | — | — | — | — |
| Total current liabilities | $2.54B | $2.65B | $3.76B | $1.99B | $1.95B | $2.87B | $1.59B | $2.34B | $1.03B | $1.83B |
| Long-term debt | $6.39B | $7.05B | $6.78B | $4.31B | $4.31B | $3.52B | $5.37B | $4.69B | $4.69B | $4.45B |
| Lease obligations | $125.3M | $84.1M | $184.0M | $110.4M | $116.3M | $153.9M | $162.2M | — | — | — |
| Other long-term liabilities | $1.74B | $1.78B | $2.04B | $1.40B | $1.65B | $1.78B | $1.82B | $1.71B | $1.69B | $2.51B |
| Total liabilities | $10.68B | $11.48B | $12.58B | $7.70B | $7.91B | $8.16B | $8.78B | $8.74B | $7.41B | $8.79B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $26.7M | $26.6M | $26.5M | $26.1M | $26.6M | $27.1M | $29.0M | $28.9M | $28.9M | $28.4M |
| Retained earnings (deficit) | −$101.3M | $501.8M | $2.19B | $2.13B | $2.89B | $2.85B | $2.75B | $2.37B | $2.24B | $1.24B |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$134.1M | −$184.5M | −$234.6M | −$239.2M | −$237.4M | −$277.4M | −$379.0M | −$181.8M | −$116.7M | −$143.4M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $5.54B | $6.08B | $7.69B | $7.29B | $8.14B | $8.12B | $8.19B | $7.97B | $7.89B | $6.85B |
| Key figures | ||||||||||
| Total debt | $7.09B | $7.76B | $8.55B | $4.35B | $4.61B | $4.91B | $5.78B | $5.91B | $4.83B | $5.40B |
| Net cash (debt) | −$7.03B | −$7.69B | −$8.49B | −$3.20B | −$4.44B | −$4.57B | −$5.39B | −$5.81B | −$4.64B | −$5.23B |
| Working capital | −$565.1M | −$505.4M | −$1.79B | $872.0M | $57.3M | −$925.8M | $385.6M | −$716.3M | $521.2M | −$190.8M |
| Tangible book value | −$5.34B | −$5.97B | −$7.21B | −$2.36B | −$3.53B | −$3.94B | −$4.54B | −$5.06B | −$3.97B | −$5.38B |
| Book value per share | $51.96 | $57.17 | $73.70 | $68.65 | $75.09 | $72.54 | $71.85 | $70.47 | $69.46 | $58.99 |
| Shares outstanding | 106.7M | 106.4M | 104.4M | 106.2M | 108.4M | 112.0M | 114.0M | 113.1M | 113.6M | 116.1M |
| Current ratio | 0.78 | 0.81 | 0.52 | 1.44 | 1.03 | 0.68 | 1.24 | 0.69 | 1.50 | 0.90 |
| Quick ratio | 0.28 | 0.26 | 0.21 | 0.88 | 0.36 | 0.30 | 0.59 | 0.26 | 0.56 | 0.33 |
| Debt / equity | 1.28 | 1.28 | 1.11 | 0.60 | 0.57 | 0.60 | 0.71 | 0.74 | 0.61 | 0.79 |
| Equity / assets | 34.2% | 34.6% | 38.0% | 48.6% | 50.7% | 49.9% | 48.3% | 47.7% | 51.6% | 43.8% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $43.2M | $58.6M | $52.8M | $62.8M | $39.3M | $69.9M | $47.2M | $49.2M | $39.5M | $62.0M | $35.9M | $4.06B |
| Cash & equivalents | $43.2M | $58.6M | $52.8M | $62.8M | $39.3M | $69.9M | $47.2M | $49.2M | $39.5M | $62.0M | $35.9M | $3.62B |
| Short-term investments | — | — | — | — | — | — | — | — | — | $0 | $0 | $432.7M |
| Receivables | $615.7M | $656.3M | $645.7M | $675.2M | $643.2M | $619.0M | $654.3M | $804.6M | $734.9M | $736.5M | $789.6M | $587.9M |
| Inventory | $1.19B | $1.13B | $1.17B | $1.35B | $1.39B | $1.21B | $1.09B | $1.08B | $1.14B | $1.04B | $987.6M | $1.08B |
| Other current assets | $145.8M | $131.7M | $119.0M | $233.3M | $333.4M | $248.3M | $187.5M | $117.3M | $168.9M | $129.5M | $110.9M | $134.7M |
| Total current assets | $1.99B | $1.97B | $1.99B | $2.33B | $2.40B | $2.15B | $1.98B | $2.06B | $2.08B | $1.97B | $1.92B | $5.86B |
| Property, plant & equipment (net) | $3.20B | $3.18B | $3.16B | $3.18B | $3.17B | $3.08B | $3.17B | $3.24B | $3.26B | $3.25B | $3.19B | $2.55B |
| Goodwill & intangible assets | $10.82B | $10.89B | $10.95B | $11.95B | $12.01B | $12.06B | $13.08B | $14.18B | $14.85B | $14.91B | $14.98B | $9.56B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $184.2M | $176.7M | $171.9M | $170.6M | $166.7M | $280.2M | $196.4M | $553.6M | $158.2M | $154.2M | $157.9M | $149.4M |
| Total assets | $16.20B | $16.22B | $16.27B | $17.63B | $17.74B | $17.56B | $18.43B | $20.02B | $20.35B | $20.27B | $20.25B | $18.12B |
| Liabilities | ||||||||||||
| Accounts payable | $1.21B | $1.18B | $1.13B | $1.11B | $1.23B | $1.29B | $1.13B | $1.23B | $1.24B | $1.34B | $1.25B | $1.25B |
| Short-term debt | $343.5M | $570.9M | $486.9M | $748.2M | $951.6M | $640.8M | $999.9M | $1.49B | $1.70B | $1.63B | $458.6M | $33.2M |
| Deferred revenue | — | — | — | — | — | — | — | — | −$43.0M | $1 | — | −$33.2M |
| Total current liabilities | $2.29B | $2.54B | $2.36B | $2.63B | $2.95B | $2.65B | $3.29B | $3.56B | $3.76B | $3.76B | $2.47B | $1.83B |
| Long-term debt | $6.39B | $6.39B | $6.85B | $7.05B | $7.05B | $7.05B | $6.39B | $6.79B | $6.78B | $6.77B | $8.12B | $7.77B |
| Lease obligations | $159.3M | $125.3M | $126.1M | $125.6M | $90.7M | $84.1M | $89.8M | $117.8M | $133.8M | $184.0M | $192.0M | $166.1M |
| Other long-term liabilities | $1.77B | $1.74B | $1.82B | $1.89B | $1.82B | $1.78B | $1.84B | $2.04B | $2.04B | $2.04B | $2.10B | $1.43B |
| Total liabilities | $10.45B | $10.68B | $11.03B | $11.57B | $11.82B | $11.48B | $11.52B | $12.39B | $12.58B | $12.58B | $12.69B | $11.03B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $26.7M | $26.7M | $26.7M | $26.7M | $26.7M | $26.6M | $26.6M | $26.6M | $26.6M | $26.5M | $26.5M | $25.5M |
| Retained earnings (deficit) | $103.6M | −$101.3M | −$372.8M | $468.2M | $343.5M | $501.8M | $1.35B | $2.12B | $2.26B | $2.19B | $2.06B | $2.05B |
| Accumulated other comprehensive income | −$139.1M | −$134.1M | −$168.2M | −$182.7M | −$182.5M | −$184.5M | −$197.3M | −$239.0M | −$232.2M | −$234.6M | −$227.4M | −$240.5M |
| Total shareholders' equity | $5.75B | $5.54B | $5.24B | $6.06B | $5.93B | $6.08B | $6.91B | $7.63B | $7.77B | $7.69B | $7.56B | $7.09B |
| Key figures | ||||||||||||
| Total debt | $6.90B | $7.09B | $7.45B | $7.91B | $8.08B | $640.8M | $1.09B | $8.38B | $8.61B | $8.55B | $8.73B | $7.94B |
| Net cash (debt) | −$6.85B | −$7.03B | −$7.40B | −$7.85B | −$8.04B | −$570.9M | −$1.04B | −$8.33B | −$8.57B | −$8.49B | −$8.70B | −$3.88B |
| Working capital | −$297.6M | −$565.1M | −$368.7M | −$300.9M | −$552.0M | −$505.4M | −$1.31B | −$1.51B | −$1.68B | −$1.79B | −$543.4M | $4.03B |
| Tangible book value | −$5.07B | −$5.34B | −$5.71B | −$5.89B | −$6.08B | −$5.97B | −$6.17B | −$6.54B | −$7.08B | −$7.21B | −$7.42B | −$2.47B |
| Book value per share | $53.70 | $51.96 | $49.07 | $56.69 | $55.59 | $57.17 | $64.92 | $71.74 | $73.09 | $72.31 | $71.39 | $69.36 |
| Shares outstanding | 107.1M | 106.7M | 106.7M | 106.9M | 106.6M | 106.4M | 106.4M | 106.4M | 106.3M | 106.4M | 105.9M | 102.2M |
| Current ratio | 0.87 | 0.78 | 0.84 | 0.89 | 0.81 | 0.81 | 0.60 | 0.58 | 0.55 | 0.52 | 0.78 | 3.20 |
| Quick ratio | 0.29 | 0.28 | 0.30 | 0.28 | 0.23 | 0.26 | 0.21 | 0.24 | 0.21 | 0.21 | 0.33 | 2.53 |
| Debt / equity | 1.20 | 1.28 | 1.42 | 1.31 | 1.36 | 0.11 | 0.16 | 1.10 | 1.11 | 1.11 | 1.15 | 1.12 |
| Equity / assets | 35.5% | 34.2% | 32.2% | 34.4% | 33.4% | 34.6% | 37.5% | 38.1% | 38.2% | 38.0% | 37.3% | 39.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed June 9, 2026); data from EODHD.
SJM financial position
At the end of fiscal 2026 (April 30, 2026), Smucker had total assets of $16.2 billion (down 7.7% from a year earlier), total liabilities of $10.7 billion and shareholders' equity of $5.5 billion. It held $58.6 million in cash and short-term investments against $7.1 billion of debt, net debt of $7.0 billion. Its current ratio was 0.78. In the latest quarter (ended July 31, 2026) total assets were $16.2 billion and equity $5.8 billion.
Related: SJM income statement, SJM cash flow statement, SJM key metrics. See the SJM stock overview for the latest quote and news.
SJM balance sheet FAQ
What are Smucker's total assets?
Smucker reported total assets of $16.2 billion at the end of fiscal 2026 (April 30, 2026), compared with $17.6 billion a year earlier.
How much debt does Smucker have?
Smucker had $7.1 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.28.
How much cash does Smucker have?
Smucker held $58.6 million in cash and short-term investments at the end of fiscal 2026; with $7.1 billion of debt that is net debt of $7.0 billion.
What is Smucker's book value?
Smucker's shareholders' equity (book value) was $5.5 billion at the end of fiscal 2026, or $51.96 per share.
What is Smucker's current ratio?
Smucker had current assets of $2.0 billion and current liabilities of $2.5 billion, a current ratio of 0.78 (current liabilities exceed current assets).
How much goodwill does Smucker have?
Smucker carried $10.9 billion of goodwill and intangible assets, 67.1% of total assets, at the end of fiscal 2026.