The Scotts Miracle-Gro Company (SMG) Balance Sheet
SMG balance sheet, FY2025
September 30, 2025 · U.S. dollars$2.74B assets = $3.10B liabilities + −$357.5M equity
Liabilities exceed assets: shareholders’ equity is negative (−$357.5M).
Both columns are drawn to the same scale: what SMG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SMG financial health
Descriptive bands, not a rating. Fiscal FY2025.
SMG balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.81BFY2016 | $2.74BFY2025 | −0.3%/yr | |
| Total liabilities | $2.08BFY2016 | $3.10BFY2025 | +4.5%/yr | |
| Shareholders’ equity | $730.2MFY2016 | −$357.5MFY2025 | — | |
| Cash & short-term investments | $50.1MFY2016 | $36.6MFY2025 | −3.4%/yr | |
| Total debt | $1.32BFY2016 | $2.38BFY2025 | +6.8%/yr | |
| Net cash (debt) | −$1.27BFY2016 | −$2.34BFY2025 | −$1.1B | |
| Working capital | $391.6MFY2016 | $200.6MFY2025 | −$191.0M | |
| Book value per share | $11.78FY2016 | −$6.09FY2025 | — | |
| Current ratio | 1.66FY2016 | 1.27FY2025 | −0.39 | |
| Debt / equity | 1.80FY2016 | 22.14FY2022 | +20.34 | |
| Shares outstanding | 62.0MFY2016 | 58.7MFY2025 | −0.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SMG assets
SMG liabilities and equity
SMG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SMG balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $36.6M | $71.6M | $31.9M | $86.8M | $244.1M | $16.6M | $18.8M | $33.9M | $120.5M | $50.1M |
| Cash & equivalents | $36.6M | $71.6M | $31.9M | $86.8M | $244.1M | $16.6M | $18.8M | $33.9M | $120.5M | $50.1M |
| Short-term investments | — | — | $16.7M | $117.0M | $207,000 | — | — | $0 | $1.3M | $0 |
| Receivables | $186.9M | $176.8M | $304.2M | $299.0M | $483.4M | $474.8M | $308.4M | $310.5M | $286.6M | $301.7M |
| Inventory | $592.8M | $587.5M | $880.3M | $1.34B | $1.13B | $621.9M | $540.3M | $481.4M | $407.5M | $448.2M |
| Other current assets | $124.0M | $144.5M | $181.4M | $252.6M | $169.9M | $103.3M | $174.2M | $59.9M | $67.1M | $182.9M |
| Total current assets | $940.3M | $980.4M | $1.40B | $1.98B | $2.02B | $1.22B | $1.04B | $885.7M | $881.7M | $982.9M |
| Property, plant & equipment (net) | $631.6M | $874.9M | $872.9M | $894.9M | $915.2M | $716.0M | $546.0M | $530.8M | $467.7M | $470.8M |
| Goodwill & intangible assets | $645.7M | $662.7M | $680.6M | $834.2M | $1.31B | $1.22B | $1.25B | $1.40B | $1.19B | $1.12B |
| Long-term investments | $78.2M | $91.0M | $91.9M | $193.8M | $207.0M | $0 | $0 | $36.1M | $31.1M | $101.0M |
| Other non-current assets | $446.2M | $262.9M | $370.5M | $392.0M | $339.0M | $224.6M | $194.8M | $201.6M | $176.0M | $130.8M |
| Total assets | $2.74B | $2.87B | $3.41B | $4.30B | $4.80B | $3.38B | $3.03B | $3.05B | $2.75B | $2.81B |
| Liabilities | ||||||||||
| Accounts payable | $229.2M | $254.7M | $271.2M | $422.6M | $609.4M | $391.0M | $214.2M | $150.5M | $153.1M | $131.2M |
| Short-term debt | $128.8M | $127.9M | $128.7M | $220.5M | $124.2M | $113.9M | $128.1M | $132.6M | $143.1M | $185.0M |
| Deferred revenue | — | — | — | — | — | — | — | $11.3M | — | — |
| Total current liabilities | $739.7M | $750.3M | $773.7M | $963.9M | $1.14B | $950.4M | $620.5M | $612.7M | $544.5M | $591.3M |
| Long-term debt | $2.05B | $2.17B | $2.56B | $2.83B | $2.24B | $1.46B | $1.52B | $1.88B | $1.26B | $1.13B |
| Lease obligations | $273.8M | $291.1M | $296.5M | $299.4M | $300.8M | $160.8M | — | — | — | — |
| Other long-term liabilities | $310.6M | $338.0M | $349.9M | $359.0M | $409.6M | $272.1M | $161.5M | $198.4M | $282.8M | $357.0M |
| Total liabilities | $3.10B | $3.26B | $3.68B | $4.15B | $3.79B | $2.68B | $2.31B | $2.69B | $2.09B | $2.08B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $351.6M | $362.0M | $353.1M | $364.0M | $477.0M | $482.5M | $442.2M | $420.3M | $407.6M | $401.7M |
| Retained earnings (deficit) | $294.7M | $303.8M | $490.9M | $1.02B | $1.61B | $1.24B | $1.27B | $919.9M | $978.2M | $881.8M |
| Treasury stock | — | — | — | −$1.09B | −$1.00B | −$921.8M | −$904.3M | −$939.6M | −$667.8M | −$451.4M |
| Accumulated other comprehensive income | −$109.7M | −$107.3M | −$112.8M | −$144.6M | −$66.4M | −$99.1M | −$93.9M | −$46.0M | −$69.2M | −$116.9M |
| Minority interest | — | — | — | — | — | $5.7M | — | $5.0M | $12.9M | $19.1M |
| Total shareholders' equity | −$357.5M | −$390.6M | −$267.3M | $147.7M | $1.01B | $697.2M | $723.2M | $359.6M | $661.7M | $730.2M |
| Key figures | ||||||||||
| Total debt | $2.38B | $2.52B | $2.91B | $3.27B | $2.60B | $1.68B | $1.65B | $2.02B | $1.40B | $1.32B |
| Net cash (debt) | −$2.34B | −$2.45B | −$2.87B | −$3.18B | −$2.35B | −$1.67B | −$1.63B | −$1.98B | −$1.28B | −$1.27B |
| Working capital | $200.6M | $230.1M | $624.1M | $1.02B | $883.6M | $266.2M | $421.2M | $273.0M | $337.2M | $391.6M |
| Tangible book value | −$1.00B | −$1.05B | −$947.9M | −$686.5M | −$301.5M | −$526.1M | −$523.0M | −$1.04B | −$528.8M | −$393.9M |
| Book value per share | −$6.09 | −$6.88 | −$4.77 | $2.66 | $17.72 | $12.25 | $12.85 | $6.30 | $10.99 | $11.78 |
| Shares outstanding | 58.7M | 56.8M | 56.0M | 55.5M | 57.2M | 56.9M | 56.3M | 57.1M | 60.2M | 62.0M |
| Current ratio | 1.27 | 1.31 | 1.81 | 2.06 | 1.77 | 1.28 | 1.68 | 1.45 | 1.62 | 1.66 |
| Quick ratio | 0.30 | 0.33 | 0.43 | 0.40 | 0.64 | 0.52 | 0.53 | 0.56 | 0.75 | 0.59 |
| Debt / equity | — | — | — | 22.14 | 2.56 | 2.41 | 2.28 | 5.61 | 2.12 | 1.80 |
| Equity / assets | −13.0% | −13.6% | −7.8% | 3.4% | 21.1% | 20.6% | 23.9% | 11.8% | 24.1% | 26.0% |
| 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 | $27.7M | $6.2M | $8.3M | $36.6M | $51.1M | $16.9M | $9.8M | $71.6M | $279.9M | $65.1M | $10.4M | $31.9M |
| Cash & equivalents | $27.7M | $6.2M | $8.3M | $36.6M | $51.1M | $16.9M | $9.8M | $71.6M | $279.9M | $65.1M | $10.4M | $31.9M |
| Short-term investments | — | — | — | — | — | — | — | — | $11.8M | $5.8M | $14.4M | $16.7M |
| Receivables | $713.0M | $766.7M | $193.8M | $186.9M | $573.8M | $799.3M | $213.6M | $176.8M | $504.6M | $876.9M | $287.6M | $304.2M |
| Inventory | $481.4M | $696.0M | $846.7M | $592.8M | $544.3M | $773.2M | $909.8M | $587.5M | $606.8M | $824.3M | $1.17B | $880.3M |
| Other current assets | $127.0M | $153.0M | $208.4M | $124.0M | $114.1M | $139.2M | $152.2M | $144.5M | $147.1M | $168.8M | $213.8M | $181.4M |
| Total current assets | $1.35B | $1.62B | $1.26B | $940.3M | $1.28B | $1.73B | $1.29B | $980.4M | $1.54B | $1.94B | $1.68B | $1.40B |
| Property, plant & equipment (net) | $635.1M | $627.4M | $617.3M | $631.6M | $609.4M | $602.5M | $606.9M | $874.9M | $599.0M | $608.2M | $610.4M | $872.9M |
| Goodwill & intangible assets | $594.0M | $594.8M | $595.3M | $645.7M | $653.5M | $655.9M | $658.8M | $662.7M | $668.8M | $672.8M | $677.1M | $680.6M |
| Long-term investments | $65.2M | $36.0M | $40.5M | $78.2M | $65.9M | $40.6M | $46.4M | $91.0M | $106.8M | $83.8M | $90.8M | $91.9M |
| Other non-current assets | $524.0M | $531.9M | $523.7M | $446.2M | $478.5M | $509.1M | $572.7M | $262.9M | $576.3M | $624.3M | $656.4M | $370.5M |
| Total assets | $3.17B | $3.41B | $3.03B | $2.74B | $3.09B | $3.54B | $3.17B | $2.87B | $3.49B | $3.92B | $3.72B | $3.41B |
| Liabilities | ||||||||||||
| Accounts payable | $310.3M | $385.8M | $283.9M | $229.2M | $261.7M | $396.3M | $309.3M | $254.7M | $316.7M | $440.4M | $332.5M | $271.2M |
| Short-term debt | $277.0M | $279.4M | $278.3M | $128.8M | $52.1M | $54.6M | $54.6M | $127.9M | $52.9M | $57.8M | $54.5M | $128.7M |
| Deferred revenue | — | — | — | — | — | — | — | — | — | $1 | — | — |
| Total current liabilities | $1.11B | $1.28B | $932.4M | $739.7M | $798.6M | $1.01B | $683.8M | $750.3M | $854.4M | $1.06B | $764.1M | $773.7M |
| Long-term debt | $1.84B | $2.07B | $2.25B | $2.05B | $2.14B | $2.49B | $2.64B | $2.17B | $2.44B | $2.76B | $2.97B | $2.56B |
| Lease obligations | — | — | — | $273.8M | — | — | — | $291.1M | — | — | — | $296.5M |
| Other long-term liabilities | $429.0M | $354.5M | $352.0M | $310.6M | $326.7M | $321.1M | $329.0M | $338.0M | $344.7M | $354.3M | $368.4M | $349.9M |
| Total liabilities | $3.38B | $3.70B | $3.53B | $3.10B | $3.26B | $3.83B | $3.65B | $3.26B | $3.64B | $4.18B | $4.10B | $3.68B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $346.3M | $346.3M | $346.9M | $351.6M | $347.3M | $343.4M | $349.1M | $362.0M | $360.6M | $353.7M | $349.6M | $353.1M |
| Retained earnings (deficit) | $408.8M | $331.0M | $131.2M | $294.7M | $485.2M | $373.7M | $195.8M | $303.8M | $585.8M | $491.8M | $372.4M | $490.9M |
| Accumulated other comprehensive income | −$105.0M | −$105.0M | −$106.2M | −$109.7M | −$107.5M | −$108.8M | −$104.8M | −$107.3M | −$116.9M | −$118.6M | −$121.7M | −$112.8M |
| Total shareholders' equity | −$208.7M | −$286.5M | −$500.6M | −$357.5M | −$170.9M | −$290.1M | −$479.5M | −$390.6M | −$146.2M | −$250.9M | −$385.4M | −$267.3M |
| Key figures | ||||||||||||
| Total debt | $2.11B | $2.35B | $2.53B | $2.38B | $2.19B | $2.55B | $2.69B | $2.52B | $2.49B | $2.82B | $3.02B | $2.91B |
| Net cash (debt) | −$2.09B | −$2.34B | −$2.52B | −$2.34B | −$2.14B | −$2.53B | −$2.68B | −$2.45B | −$2.21B | −$2.75B | −$3.01B | −$2.87B |
| Working capital | $238.3M | $346.3M | $324.8M | $200.6M | $484.7M | $716.1M | $601.6M | $230.1M | $684.0M | $874.8M | $917.3M | $624.1M |
| Tangible book value | −$802.7M | −$881.3M | −$1.10B | −$1.00B | −$824.4M | −$946.0M | −$1.14B | −$1.05B | −$815.0M | −$923.7M | −$1.06B | −$947.9M |
| Book value per share | −$3.53 | −$4.85 | −$8.65 | −$6.20 | −$2.92 | −$4.97 | −$8.37 | −$6.86 | −$2.52 | −$4.37 | −$6.80 | −$4.76 |
| Shares outstanding | 59.1M | 59.1M | 57.9M | 57.7M | 58.6M | 58.4M | 57.3M | 56.9M | 58.0M | 57.4M | 56.7M | 56.2M |
| Current ratio | 1.21 | 1.27 | 1.35 | 1.27 | 1.61 | 1.71 | 1.88 | 1.31 | 1.80 | 1.83 | 2.20 | 1.81 |
| Quick ratio | 0.67 | 0.61 | 0.22 | 0.30 | 0.78 | 0.81 | 0.33 | 0.33 | 0.92 | 0.89 | 0.39 | 0.43 |
| Equity / assets | −6.6% | −8.4% | −16.5% | −13.0% | −5.5% | −8.2% | −15.1% | −13.6% | −4.2% | −6.4% | −10.4% | −7.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 25, 2025); data from EODHD.
SMG financial position
At the end of fiscal 2025 (September 30, 2025), Scotts Miracle-Gro had total assets of $2.7 billion (down 4.5% from a year earlier), total liabilities of $3.1 billion and shareholders' equity of -$357.5 million. It held $36.6 million in cash and short-term investments against $2.4 billion of debt, net debt of $2.3 billion. Its current ratio was 1.27. In the latest quarter (ended June 30, 2026) total assets were $3.2 billion and equity -$208.7 million.
Related: SMG income statement, SMG cash flow statement, SMG key metrics. See the SMG stock overview for the latest quote and news.
SMG balance sheet FAQ
What are Scotts Miracle-Gro's total assets?
Scotts Miracle-Gro reported total assets of $2.7 billion at the end of fiscal 2025 (September 30, 2025), compared with $2.9 billion a year earlier.
How much debt does Scotts Miracle-Gro have?
Scotts Miracle-Gro had $2.4 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Scotts Miracle-Gro have?
Scotts Miracle-Gro held $36.6 million in cash and short-term investments at the end of fiscal 2025; with $2.4 billion of debt that is net debt of $2.3 billion.
What is Scotts Miracle-Gro's book value?
Scotts Miracle-Gro's shareholders' equity (book value) was -$357.5 million at the end of fiscal 2025, or −$6.09 per share.
What is Scotts Miracle-Gro's current ratio?
Scotts Miracle-Gro had current assets of $940.3 million and current liabilities of $739.7 million, a current ratio of 1.27 (it can cover its short-term obligations).
How much goodwill does Scotts Miracle-Gro have?
Scotts Miracle-Gro carried $645.7 million of goodwill and intangible assets, 23.5% of total assets, at the end of fiscal 2025.