Sandisk Corporation (SNDK) Balance Sheet

NASDAQ: SNDKAssets, liabilities, debt and equity over 10 years.

SNDK balance sheet, FY2026

June 30, 2026 · U.S. dollars

$22.51B assets = $6.77B liabilities + $15.74B equity

Both columns are drawn to the same scale: what SNDK owns equals what it owes plus shareholders’ equity. Hover a block for its value.

SNDK financial health

Current ratio2.29

Comfortable · current assets cover current liabilities 2.29×

Debt / equity0.02

Low leverage · $0.02 of debt for each $1 of equity

Equity / assets69.9%

Equity-funded · of assets funded by shareholders

Cash / debt1,211.7%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles22.2%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal FY2026.

SNDK balance sheet trends, FY2012–FY2026

Sandisk Corporation balance sheet trends
Metric	Then	Latest	Change
Total assets	$10.17BFY2012	$22.51BFY2026	+9.2%/yr
Total liabilities	$3.11BFY2012	$6.77BFY2026	+9.0%/yr
Shareholders’ equity	$7.06BFY2012	$15.74BFY2026	+9.3%/yr
Cash & short-term investments	$2.85BFY2012	$4.76BFY2026	+5.9%/yr
Total debt	$1.60BFY2012	$393.0MFY2026	−14.5%/yr
Net cash (debt)	$1.24BFY2012	$4.37BFY2026	+$3.1B
Working capital	$3.26BFY2012	$7.20BFY2026	+$3.9B
Book value per share	$90.12FY2022	$101.52FY2026	+3.0%/yr
Current ratio	3.98FY2012	2.29FY2026	−1.69
Debt / equity	0.23FY2012	0.02FY2026	−0.20
Shares outstanding	144.0MFY2022	155.0MFY2026	+1.9%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

SNDK assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

SNDK liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

SNDK debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

SNDK balance sheet

Sandisk Corporation annual balance sheet
	FY2026	FY2025	FY2024	FY2023	FY2022	FY2016	FY2015	FY2014	FY2013	FY2012
Assets
Cash & short-term investments	$4.76B	$1.48B	$328.0M	$292.0M	$335.0M	$4.01B	$2.26B	$2.91B	$2.88B	$2.85B
Cash & equivalents	$4.76B	$1.48B	$328.0M	$292.0M	$335.0M	$1.48B	$809.0M	$986.2M	$995.5M	$1.17B
Short-term investments	—	—	—	—	—	$2.53B	$1.46B	$1.92B	$1.88B	$1.68B
Receivables	$4.73B	$1.13B	$935.0M	$539.0M	$1.29B	$784.0M	$1.01B	$790.9M	$831.3M	$521.8M
Inventory	$2.70B	$2.08B	$1.96B	$2.27B	$1.99B	$809.4M	$698.0M	$757.0M	$750.1M	$678.4M
Other current assets	$590.0M	$392.0M	$330.0M	$300.0M	$873.0M	$60.2M	$218.2M	$196.9M	$149.5M	$306.8M
Total current assets	$12.78B	$5.09B	$3.55B	$3.40B	$4.49B	$5.66B	$4.20B	$4.65B	$4.61B	$4.36B
Property, plant & equipment (net)	$674.0M	$619.0M	$970.0M	$1.03B	$1.04B	$817.1M	$724.4M	$655.8M	$665.5M	$344.9M
Goodwill & intangible assets	$4.99B	$5.00B	$7.21B	$7.21B	$8.02B	$1.13B	$1.37B	$566.0M	$448.7M	$442.6M
Long-term investments	$1.78B	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$2.28B	$2.28B	$1.78B	$2.18B	$2.21B	$1.63B	$3.98B	$4.62B	$4.62B	$5.03B
Total assets	$22.51B	$12.98B	$13.51B	$13.82B	$15.76B	$9.23B	$10.27B	$10.49B	$10.34B	$10.17B
Liabilities
Accounts payable	$516.0M	$366.0M	$357.0M	$626.0M	$788.0M	$323.3M	$404.2M	$282.6M	$469.3M	$534.9M
Short-term debt	—	$20.0M	$814.0M	$932.0M	$950.0M	$913.2M	$864.7M	—	$906.7M	—
Deferred revenue	—	—	—	—	—	$235.6M	$274.7M	$291.3M	$248.2M	$221.0M
Total current liabilities	$5.58B	$1.43B	$2.12B	$2.17B	$2.51B	$2.00B	$2.19B	$1.23B	$1.88B	$1.09B
Long-term debt	$0	$1.83B	$0	$0	$0	$0	$0	$0	$0	$0
Lease obligations	$177.0M	$193.0M	$171.0M	—	—	—	—	—	—	—
Other long-term liabilities	$1.19B	$513.0M	$301.0M	$207.0M	$271.0M	$1.49B	$1.56B	$2.29B	$1.20B	$2.02B
Total liabilities	$6.77B	$3.77B	$2.42B	$2.38B	$2.78B	$3.49B	$3.75B	$3.52B	$3.08B	$3.11B
Shareholders' equity
Common stock & paid-in capital	$1.0M	$1.0M	$11.53B	$11.78B	$13.38B	$201,000	$216,000	$225,000	$241,000	$243,000
Retained earnings (deficit)	$9.65B	−$1.78B	$0	—	—	$733.9M	$1.50B	$2.00B	$2.07B	$1.80B
Accumulated other comprehensive income	−$256.0M	−$249.0M	−$452.0M	−$343.0M	−$407.0M	−$198.9M	−$208.1M	−$76.5M	$165.1M	$332.7M
Total shareholders' equity	$15.74B	$9.22B	$11.08B	$11.44B	$12.98B	$5.74B	$6.53B	$6.97B	$7.26B	$7.06B
Key figures
Total debt	$393.0M	$2.04B	$985.0M	$1.02B	$950.0M	$2.15B	$2.05B	$1.99B	$1.70B	$1.60B
Net cash (debt)	$4.37B	−$561.0M	−$657.0M	−$728.0M	−$615.0M	$1.86B	$211.3M	$920.5M	$1.18B	$1.24B
Working capital	$7.20B	$3.66B	$1.43B	$1.23B	$1.98B	$3.66B	$2.01B	$3.42B	$2.72B	$3.26B
Tangible book value	$10.74B	$4.22B	$3.88B	$4.23B	$4.96B	$4.61B	$5.15B	$6.40B	$6.82B	$6.62B
Book value per share	$101.52	$63.56	$76.96	$79.44	$90.12	—	—	—	—	—
Shares outstanding	155.0M	145.0M	144.0M	144.0M	144.0M	—	—	—	—	—
Current ratio	2.29	3.56	1.67	1.56	1.79	2.82	1.92	3.78	2.45	3.98
Quick ratio	1.70	1.83	0.59	0.38	0.65	2.39	1.50	3.00	1.97	3.08
Debt / equity	0.02	0.22	0.09	0.09	0.07	0.37	0.31	0.28	0.23	0.23
Equity / assets	69.9%	71.0%	82.1%	82.8%	82.3%	62.2%	63.5%	66.4%	70.3%	69.4%

Sandisk Corporation quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Assets
Cash & short-term investments	$4.76B	$3.73B	$1.54B	$1.44B	$1.48B	$1.51B	$804.0M	$322.0M	$328.0M
Cash & equivalents	$4.76B	$3.73B	$1.54B	$1.44B	$1.48B	$1.51B	$804.0M	$322.0M	$328.0M
Receivables	$4.73B	$2.86B	$1.28B	$1.26B	$1.13B	$1.03B	$912.0M	$1.04B	$1.04B
Inventory	$2.70B	$2.24B	$1.97B	$1.91B	$2.08B	$2.16B	$2.17B	$2.07B	$1.96B
Other current assets	$590.0M	$335.0M	$357.0M	$370.0M	$392.0M	$391.0M	$568.0M	$960.0M	$221.0M
Total current assets	$12.78B	$9.17B	$5.15B	$4.98B	$5.09B	$5.09B	$4.46B	$4.39B	$3.55B
Property, plant & equipment (net)	$674.0M	$649.0M	$631.0M	$630.0M	$619.0M	$603.0M	$579.0M	$728.0M	$791.0M
Goodwill & intangible assets	$4.99B	$4.99B	$5.00B	$5.00B	$5.00B	$5.00B	$6.83B	$6.93B	$7.21B
Long-term investments	$1.78B	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$2.28B	$2.26B	$2.22B	$2.14B	$2.28B	$2.27B	$2.37B	$1.84B	$1.96B
Total assets	$22.51B	$17.07B	$13.00B	$12.75B	$12.98B	$12.96B	$14.23B	$13.89B	$13.51B
Liabilities
Accounts payable	$516.0M	$851.0M	$436.0M	$398.0M	$366.0M	$363.0M	$320.0M	$649.0M	$357.0M
Short-term debt	—	$25.0M	$20.0M	$20.0M	$20.0M	$20.0M	$553.0M	$305.0M	$814.0M
Deferred revenue	—	$323.0M	—	—	—	—	—	—	—
Total current liabilities	$5.58B	$1.92B	$1.65B	$1.52B	$1.43B	$1.38B	$1.87B	$1.47B	$2.12B
Long-term debt	$0	$0	$583.0M	$1.33B	$1.83B	$1.93B	$0	$0	$0
Lease obligations	$177.0M	$182.0M	$186.0M	$188.0M	$193.0M	$196.0M	$179.0M	—	$171.0M
Other long-term liabilities	$1.19B	$1.38B	$548.0M	$521.0M	$513.0M	$497.0M	$360.0M	$292.0M	$301.0M
Total liabilities	$6.77B	$3.30B	$2.79B	$3.37B	$3.77B	$3.80B	$2.23B	$1.76B	$2.42B
Shareholders' equity
Common stock & paid-in capital	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$12.44B	$12.37B	$11.53B
Retained earnings (deficit)	$9.65B	$2.75B	−$869.0M	−$1.67B	−$1.78B	−$1.76B	—	—	$0
Accumulated other comprehensive income	−$256.0M	−$259.0M	−$255.0M	−$234.0M	−$249.0M	−$306.0M	−$434.0M	−$243.0M	−$452.0M
Total shareholders' equity	$15.74B	$13.78B	$10.21B	$9.38B	$9.22B	$9.16B	$12.00B	$12.13B	$11.08B
Key figures
Total debt	$393.0M	$207.0M	$789.0M	$1.54B	$2.04B	$2.14B	$732.0M	$475.0M	$985.0M
Net cash (debt)	$4.37B	$3.53B	$750.0M	−$97.0M	−$561.0M	−$636.0M	$72.0M	−$153.0M	−$657.0M
Working capital	$7.20B	$7.25B	$3.50B	$3.47B	$3.66B	$3.71B	$2.58B	$2.92B	$1.43B
Tangible book value	$10.74B	$8.78B	$5.22B	$4.38B	$4.22B	$4.16B	$5.18B	$5.19B	$3.88B
Book value per share	$101.52	$87.75	$65.47	$62.96	$63.56	$63.18	$83.34	$84.21	$76.43
Shares outstanding	155.0M	157.0M	156.0M	149.0M	145.0M	145.0M	144.0M	144.0M	145.0M
Current ratio	2.29	4.78	3.11	3.29	3.56	3.70	2.38	2.98	1.67
Quick ratio	1.70	3.44	1.71	1.79	1.83	1.85	0.92	0.92	0.65
Debt / equity	0.02	0.02	0.08	0.16	0.22	0.23	0.06	0.04	0.09
Equity / assets	69.9%	80.7%	78.6%	73.6%	71.0%	70.7%	84.3%	87.3%	82.1%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed August 17, 2026); data from EODHD.

SNDK financial position

At the end of fiscal 2026 (June 30, 2026), Sandisk had total assets of $22.5 billion (up 73.3% from a year earlier), total liabilities of $6.8 billion and shareholders' equity of $15.7 billion. It held $4.8 billion in cash and short-term investments against $393.0 million of debt, a net cash position of $4.4 billion. Its current ratio was 2.29.

Related: SNDK income statement, SNDK cash flow statement, SNDK key metrics. See the SNDK stock overview for the latest quote and news.

SNDK balance sheet FAQ

What are Sandisk's total assets?

Sandisk reported total assets of $22.5 billion at the end of fiscal 2026 (June 30, 2026), compared with $13.0 billion a year earlier.

How much debt does Sandisk have?

Sandisk had $393.0 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.02.

How much cash does Sandisk have?

Sandisk held $4.8 billion in cash and short-term investments at the end of fiscal 2026; with $393.0 million of debt that is net cash of $4.4 billion.

What is Sandisk's book value?

Sandisk's shareholders' equity (book value) was $15.7 billion at the end of fiscal 2026, or $101.52 per share.

What is Sandisk's current ratio?

Sandisk had current assets of $12.8 billion and current liabilities of $5.6 billion, a current ratio of 2.29 (it can cover its short-term obligations).

How much goodwill does Sandisk have?

Sandisk carried $5.0 billion of goodwill and intangible assets, 22.2% of total assets, at the end of fiscal 2026.