Spectrum Brands Holdings, Inc. (SPB) Balance Sheet
SPB balance sheet, FY2025
September 30, 2025 · U.S. dollars$3.38B assets = $1.47B liabilities + $1.91B equity
Both columns are drawn to the same scale: what SPB owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SPB financial health
Current ratio2.26
Comfortable · current assets cover current liabilities 2.26×
Debt / equity0.34
Low leverage · $0.34 of debt for each $1 of equity
Equity / assets56.5%
Equity-funded · of assets funded by shareholders
Cash / debt18.9%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles53.4%
Mostly intangible · of total assets
Descriptive bands, not a rating. Fiscal FY2025.
SPB balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $35.79BFY2016 | $3.38BFY2025 | −23.1%/yr | |
| Total liabilities | $33.98BFY2016 | $1.47BFY2025 | −29.5%/yr | |
| Shareholders’ equity | $1.82BFY2016 | $1.91BFY2025 | +0.6%/yr | |
| Cash & short-term investments | $497.3MFY2016 | $123.6MFY2025 | −14.3%/yr | |
| Total debt | $5.69BFY2016 | $654.2MFY2025 | −21.4%/yr | |
| Net cash (debt) | −$5.19BFY2016 | −$530.6MFY2025 | +$4.7B | |
| Working capital | $2.45BFY2016 | $661.0MFY2025 | −$1.8B | |
| Book value per share | $57.02FY2016 | $73.73FY2025 | +2.9%/yr | |
| Current ratio | 3.48FY2016 | 2.26FY2025 | −1.22 | |
| Debt / equity | 3.13FY2016 | 0.34FY2025 | −2.79 | |
| Shares outstanding | 31.9MFY2016 | 25.9MFY2025 | −2.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SPB assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
SPB liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
SPB debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SPB balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $123.6M | $368.9M | $1.86B | $243.7M | $187.9M | $531.6M | $627.1M | $552.5M | $270.1M | $497.3M |
| Cash & equivalents | $123.6M | $368.9M | $753.9M | $243.7M | $187.9M | $531.6M | $627.1M | $552.5M | $270.1M | $497.3M |
| Short-term investments | — | $0 | $1.10B | $0 | — | — | — | $1.8M | $0 | $0 |
| Receivables | $572.6M | $706.1M | $561.6M | $343.1M | $312.1M | $346.2M | $430.9M | $368.8M | $285.7M | $2.21B |
| Inventory | $446.1M | $462.1M | $462.8M | $780.6M | $562.8M | $318.6M | $548.4M | $583.6M | $496.3M | $740.6M |
| Other current assets | $41.9M | $41.5M | $44.3M | $1.87B | $1.85B | $531.7M | $53.5M | $2.47B | $28.98B | $0 |
| Total current assets | $1.18B | $1.58B | $2.93B | $3.24B | $2.91B | $1.73B | $1.66B | $3.97B | $30.04B | $3.44B |
| Property, plant & equipment (net) | $328.5M | $368.5M | $385.9M | $346.3M | $316.7M | $313.6M | $452.9M | $500.0M | $503.9M | $543.4M |
| Goodwill & intangible assets | $1.80B | $1.86B | $1.91B | $2.16B | $2.07B | $1.67B | $2.84B | $3.10B | $3.89B | $4.85B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $66.9M | $230.8M | $1.0M | $400,000 | $0 |
| Other non-current assets | $62.5M | $39.9M | $31.8M | $38.7M | $38.8M | $1.32B | $67.2M | $230.8M | $1.42B | $26.95B |
| Total assets | $3.38B | $3.84B | $5.26B | $5.78B | $5.34B | $5.11B | $5.25B | $7.80B | $35.85B | $35.79B |
| Liabilities | ||||||||||
| Accounts payable | $283.7M | $397.3M | $396.6M | $453.1M | $388.6M | $362.5M | $456.8M | $584.7M | $373.1M | $583.5M |
| Short-term debt | $43.5M | $9.4M | $8.6M | $12.3M | $19.9M | $13.9M | $136.9M | $26.9M | $161.4M | $166.0M |
| Deferred revenue | — | — | $181.2M | — | $17.4M | $166.5M | $332.2M | $120.1M | $133.4M | — |
| Total current liabilities | $523.2M | $687.1M | $764.8M | $1.19B | $1.16B | $944.9M | $1.14B | $1.43B | $27.64B | $989.8M |
| Long-term debt | $556.2M | $551.4M | $1.55B | $3.14B | $2.49B | $2.46B | $2.21B | $4.65B | $5.60B | $5.53B |
| Lease obligations | $86.3M | $87.0M | $95.6M | $56.0M | $44.5M | $88.8M | — | — | — | — |
| Other long-term liabilities | $390.5M | $462.1M | $428.4M | $173.9M | $203.0M | $285.6M | $162.6M | $129.4M | $662.4M | $27.46B |
| Total liabilities | $1.47B | $1.70B | $2.74B | $4.51B | $3.86B | $3.69B | $3.52B | $6.21B | $33.90B | $33.98B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $500,000 | $500,000 | $500,000 | $500,000 | $500,000 | $500,000 | $500,000 | $2.00B | $1.37B | $1.45B |
| Retained earnings (deficit) | $2.22B | $2.17B | $2.10B | $362.1M | $359.9M | $243.9M | $223.8M | −$180.1M | −$925.9M | −$1.03B |
| Treasury stock | — | — | — | −$828.8M | −$717.0M | −$606.5M | −$260.9M | $0 | $0 | $0 |
| Accumulated other comprehensive income | −$171.9M | −$204.0M | −$249.4M | −$303.1M | −$235.3M | −$284.7M | −$273.6M | −$235.8M | $309.0M | $220.9M |
| Minority interest | $0 | $800,000 | $700,000 | $5.9M | $7.1M | $8.3M | — | $8.3M | $1.19B | $1.18B |
| Total shareholders' equity | $1.91B | $2.14B | $2.52B | $1.26B | $1.47B | $1.41B | $1.72B | $1.59B | $1.95B | $1.82B |
| Key figures | ||||||||||
| Total debt | $654.2M | $647.8M | $1.65B | $3.21B | $2.56B | $2.47B | $2.35B | $4.68B | $5.76B | $5.69B |
| Net cash (debt) | −$530.6M | −$278.9M | $206.1M | −$2.97B | −$2.37B | −$1.94B | −$1.72B | −$4.13B | −$5.49B | −$5.19B |
| Working capital | $661.0M | $891.5M | $2.16B | $2.05B | $1.75B | $783.2M | $519.8M | $2.54B | $2.39B | $2.45B |
| Tangible book value | $105.3M | $285.6M | $602.8M | −$892.1M | −$599.4M | −$266.4M | −$1.11B | −$1.51B | −$1.94B | −$3.03B |
| Book value per share | $73.73 | $70.19 | $63.74 | $30.89 | $34.07 | $31.49 | $33.94 | $42.96 | $60.73 | $57.02 |
| Shares outstanding | 25.9M | 30.5M | 39.5M | 40.9M | 43.2M | 44.7M | 50.7M | 37.0M | 32.1M | 31.9M |
| Current ratio | 2.26 | 2.30 | 3.83 | 2.72 | 2.50 | 1.83 | 1.46 | 2.78 | 1.09 | 3.48 |
| Quick ratio | 1.33 | 1.56 | 3.16 | 0.49 | 0.43 | 0.93 | 0.93 | 0.64 | 0.02 | 2.73 |
| Debt / equity | 0.34 | 0.30 | 0.66 | 2.54 | 1.74 | 1.75 | 1.37 | 2.94 | 2.96 | 3.13 |
| Equity / assets | 56.5% | 55.7% | 47.9% | 21.9% | 27.6% | 27.6% | 32.8% | 20.4% | 5.4% | 5.1% |
| 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 | $258.9M | $125.1M | $126.6M | $123.6M | $122.0M | $96.0M | $179.9M | $368.9M | $306.8M | $1.25B | $1.40B | $1.86B |
| Cash & equivalents | $258.9M | $125.1M | $126.6M | $123.6M | $122.0M | $96.0M | $179.9M | $368.9M | $157.7M | $745.7M | $445.4M | $753.9M |
| Short-term investments | — | — | — | — | — | — | — | $0 | $149.1M | $500.0M | $950.0M | $1.10B |
| Receivables | $701.6M | $619.4M | $574.5M | $572.6M | $662.3M | $655.5M | $680.1M | $706.1M | $704.5M | $714.8M | $610.7M | $561.6M |
| Inventory | $499.6M | $487.1M | $450.8M | $446.1M | $507.5M | $542.6M | $507.4M | $462.1M | $439.9M | $454.3M | $457.0M | $462.8M |
| Other current assets | $39.7M | $38.9M | $48.9M | $41.9M | $47.1M | $48.7M | $39.3M | $41.5M | $41.8M | $45.9M | $52.6M | $44.3M |
| Total current assets | $1.50B | $1.27B | $1.20B | $1.18B | $1.34B | $1.34B | $1.41B | $1.58B | $1.49B | $2.46B | $2.52B | $2.93B |
| Property, plant & equipment (net) | $371.0M | $361.1M | $380.4M | $328.5M | $331.4M | $344.3M | $350.3M | $368.5M | $371.9M | $388.7M | $376.1M | $385.9M |
| Goodwill & intangible assets | $1.66B | $1.78B | $1.80B | $1.80B | $1.82B | $1.81B | $1.82B | $1.86B | $1.85B | $1.86B | $1.92B | $1.91B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $45.9M | $62.6M | $45.2M | $62.5M | $51.1M | $44.0M | $38.2M | $39.9M | $41.7M | $46.6M | $38.1M | $31.8M |
| Total assets | $3.58B | $3.47B | $3.42B | $3.38B | $3.54B | $3.54B | $3.61B | $3.84B | $3.76B | $4.76B | $4.85B | $5.26B |
| Liabilities | ||||||||||||
| Accounts payable | $360.3M | $344.3M | $324.5M | $283.7M | $321.5M | $363.7M | $361.6M | $397.3M | $369.4M | $375.5M | $382.7M | $396.6M |
| Short-term debt | $32.2M | $32.9M | $31.8M | $43.5M | $42.6M | $9.5M | $9.2M | $9.4M | $9.1M | $9.0M | $8.8M | $8.6M |
| Deferred revenue | — | — | — | — | — | — | — | — | $41.3M | $100.4M | $175.5M | $181.2M |
| Total current liabilities | $621.8M | $554.3M | $542.2M | $523.2M | $553.1M | $573.1M | $587.2M | $687.1M | $654.1M | $658.9M | $749.3M | $764.8M |
| Long-term debt | $603.6M | $575.9M | $554.3M | $556.2M | $655.9M | $632.0M | $549.6M | $551.4M | $551.4M | $1.37B | $1.39B | $1.55B |
| Lease obligations | $132.4M | $137.6M | $131.4M | $86.3M | $93.3M | $74.3M | $79.0M | $87.0M | $92.2M | $101.3M | $90.9M | $95.6M |
| Other long-term liabilities | $441.8M | $443.0M | $427.1M | $390.5M | $439.5M | $446.6M | $449.2M | $462.1M | $464.7M | $465.8M | $407.5M | $428.4M |
| Total liabilities | $1.67B | $1.57B | $1.52B | $1.47B | $1.65B | $1.65B | $1.59B | $1.70B | $1.67B | $2.50B | $2.54B | $2.74B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $500,000 | $500,000 | $500,000 | $500,000 | $500,000 | $500,000 | $500,000 | $500,000 | $500,000 | $500,000 | $500,000 | $500,000 |
| Retained earnings (deficit) | $2.21B | $2.25B | $2.24B | $2.22B | $2.18B | $2.17B | $2.18B | $2.17B | $2.15B | $2.16B | $2.11B | $2.10B |
| Accumulated other comprehensive income | −$171.1M | −$168.1M | −$159.8M | −$171.9M | −$177.7M | −$229.0M | −$253.1M | −$204.0M | −$238.9M | −$231.2M | −$233.2M | −$249.4M |
| Minority interest | $61.8M | — | — | $0 | $0 | — | — | — | — | — | — | — |
| Total shareholders' equity | $1.85B | $1.90B | $1.90B | $1.91B | $1.89B | $1.88B | $2.03B | $2.14B | $2.08B | $2.26B | $2.30B | $2.52B |
| Key figures | ||||||||||||
| Total debt | $748.2M | $725.5M | $809.1M | $654.2M | $759.9M | $715.8M | $637.8M | $647.8M | $652.7M | $1.48B | $1.49B | $1.65B |
| Net cash (debt) | −$489.3M | −$600.4M | −$682.5M | −$530.6M | −$637.9M | −$619.8M | −$457.9M | −$278.9M | −$345.9M | −$239.0M | −$92.1M | $206.1M |
| Working capital | $878.0M | $716.2M | $658.6M | $661.0M | $785.8M | $769.7M | $819.5M | $891.5M | $838.9M | $1.80B | $1.77B | $2.16B |
| Tangible book value | $187.7M | $121.0M | $102.8M | $105.3M | $72.9M | $78.8M | $209.1M | $285.6M | $235.9M | $396.3M | $384.4M | $602.8M |
| Book value per share | $80.03 | $81.58 | $80.82 | $78.59 | $75.75 | $71.94 | $72.19 | $75.65 | $71.64 | $74.24 | $67.47 | $70.32 |
| Shares outstanding | 23.1M | 23.3M | 23.5M | 24.3M | 25.0M | 26.2M | 28.1M | 28.3M | 29.1M | 30.4M | 34.1M | 35.8M |
| Current ratio | 2.41 | 2.29 | 2.21 | 2.26 | 2.42 | 2.34 | 2.40 | 2.30 | 2.28 | 3.73 | 3.36 | 3.83 |
| Quick ratio | 1.54 | 1.34 | 1.29 | 1.33 | 1.42 | 1.31 | 1.46 | 1.56 | 1.55 | 2.98 | 2.68 | 3.16 |
| Debt / equity | 0.40 | 0.38 | 0.43 | 0.34 | 0.40 | 0.38 | 0.31 | 0.30 | 0.31 | 0.66 | 0.65 | 0.66 |
| Equity / assets | 51.7% | 54.7% | 55.5% | 56.5% | 53.5% | 53.3% | 56.1% | 55.7% | 55.5% | 47.4% | 47.5% | 47.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 18, 2025); data from EODHD.
SPB financial position
At the end of fiscal 2025 (September 30, 2025), Spectrum Brands had total assets of $3.4 billion (down 12.0% from a year earlier), total liabilities of $1.5 billion and shareholders' equity of $1.9 billion. It held $123.6 million in cash and short-term investments against $654.2 million of debt, net debt of $530.6 million. Its current ratio was 2.26. In the latest quarter (ended June 30, 2026) total assets were $3.6 billion and equity $1.8 billion.
Related: SPB income statement, SPB cash flow statement, SPB key metrics. See the SPB stock overview for the latest quote and news.
SPB balance sheet FAQ
What are Spectrum Brands's total assets?
Spectrum Brands reported total assets of $3.4 billion at the end of fiscal 2025 (September 30, 2025), compared with $3.8 billion a year earlier.
How much debt does Spectrum Brands have?
Spectrum Brands had $654.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.34.
How much cash does Spectrum Brands have?
Spectrum Brands held $123.6 million in cash and short-term investments at the end of fiscal 2025; with $654.2 million of debt that is net debt of $530.6 million.
What is Spectrum Brands's book value?
Spectrum Brands's shareholders' equity (book value) was $1.9 billion at the end of fiscal 2025, or $73.73 per share.
What is Spectrum Brands's current ratio?
Spectrum Brands had current assets of $1.2 billion and current liabilities of $523.2 million, a current ratio of 2.26 (it can cover its short-term obligations).
How much goodwill does Spectrum Brands have?
Spectrum Brands carried $1.8 billion of goodwill and intangible assets, 53.4% of total assets, at the end of fiscal 2025.