Titan Machinery Inc. (TITN) Balance Sheet
TITN balance sheet, FY2026
January 31, 2026 · U.S. dollars$1.62B assets = $1.04B liabilities + $579.3M equity
Both columns are drawn to the same scale: what TITN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TITN financial health
Descriptive bands, not a rating. Fiscal FY2026.
TITN balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $771.4MFY2017 | $1.62BFY2026 | +8.6%/yr | |
| Total liabilities | $450.2MFY2017 | $1.04BFY2026 | +9.7%/yr | |
| Shareholders’ equity | $321.2MFY2017 | $579.3MFY2026 | +6.8%/yr | |
| Cash & short-term investments | $53.2MFY2017 | $28.2MFY2026 | −6.8%/yr | |
| Total debt | $361.3MFY2017 | $826.0MFY2026 | +9.6%/yr | |
| Net cash (debt) | −$308.2MFY2017 | −$797.8MFY2026 | −$489.7M | |
| Working capital | $299.0MFY2017 | $318.0MFY2026 | +$19.0M | |
| Book value per share | $14.71FY2017 | $25.43FY2026 | +6.3%/yr | |
| Current ratio | 1.97FY2017 | 1.41FY2026 | −0.56 | |
| Debt / equity | 1.13FY2017 | 1.43FY2026 | +0.30 | |
| Shares outstanding | 21.8MFY2017 | 22.8MFY2026 | +0.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TITN assets
TITN liabilities and equity
TITN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TITN balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $28.2M | $35.9M | $38.1M | $43.9M | $146.1M | $79.0M | $43.7M | $56.7M | $53.4M | $53.2M |
| Cash & equivalents | $28.2M | $35.9M | $38.1M | $43.9M | $146.1M | $79.0M | $43.7M | $56.7M | $53.4M | $53.2M |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $0 |
| Receivables | $127.0M | $119.8M | $153.7M | $95.8M | $94.3M | $69.1M | $72.8M | $77.5M | $60.7M | $65.5M |
| Inventory | $903.1M | $1.11B | $1.30B | $703.9M | $421.8M | $418.5M | $597.4M | $491.1M | $472.5M | $478.3M |
| Other current assets | $31.7M | $28.2M | $24.3M | $25.6M | $28.1M | $13.7M | $13.7M | $15.6M | $12.6M | $11.0M |
| Total current assets | $1.09B | $1.29B | $1.52B | $869.2M | $690.3M | $580.2M | $727.5M | $640.9M | $599.1M | $607.9M |
| Property, plant & equipment (net) | $408.2M | $407.6M | $353.5M | $268.0M | $234.4M | $221.6M | $233.8M | $138.9M | $151.0M | $156.6M |
| Goodwill & intangible assets | $116.8M | $109.6M | $117.5M | $49.0M | $19.6M | $9.2M | $10.7M | $8.4M | $5.4M | $10.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $2.0M | $4.1M | $2.3M | $2.4M | $2.4M | $4.7M | $3.3M | $4.2M | $4.7M | $0 |
| Total assets | $1.62B | $1.81B | $1.99B | $1.19B | $946.7M | $815.8M | $975.3M | $792.4M | $760.3M | $771.4M |
| Liabilities | ||||||||||
| Accounts payable | $35.2M | $37.2M | $43.8M | $40.8M | $25.6M | $20.0M | $17.0M | $16.6M | $15.1M | $17.3M |
| Short-term debt | $579.2M | $772.4M | $918.3M | $275.5M | $158.4M | $188.0M | $399.5M | $322.3M | $249.2M | $234.6M |
| Deferred revenue | $82.3M | $91.9M | $115.9M | $119.8M | $134.1M | $59.4M | $41.0M | $46.4M | $32.3M | $26.4M |
| Total current liabilities | $772.0M | $961.0M | $1.15B | $498.2M | $374.7M | $317.5M | $494.2M | $420.5M | $328.3M | $308.8M |
| Long-term debt | $158.6M | $157.8M | $106.4M | $90.0M | $74.8M | $44.9M | $75.6M | $25.8M | $97.4M | $126.7M |
| Lease obligations | $92.3M | $76.2M | $63.1M | $58.4M | $65.2M | $85.3M | $102.4M | $2.1M | — | — |
| Other long-term liabilities | $107.1M | $81.1M | $75.8M | $64.3M | $62.0M | $82.1M | $60.5M | $10.9M | $12.8M | $14.7M |
| Total liabilities | $1.04B | $1.20B | $1.33B | $652.4M | $511.5M | $444.5M | $630.2M | $457.1M | $438.5M | $450.2M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | — | — | — | — | — | — | — | — | $246.5M | $240.6M |
| Retained earnings (deficit) | $306.1M | $360.3M | $397.2M | $284.8M | $182.9M | $116.9M | $97.7M | $89.2M | $77.0M | $85.3M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | $6.3M | −$8.3M | $1.8M | −$5.0M | −$2.2M | $1.5M | −$3.2M | −$2.3M | −$1.7M | −$4.8M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $579.3M | $614.1M | $657.6M | $536.3M | $435.2M | $371.3M | $345.1M | $335.3M | $321.9M | $321.2M |
| Key figures | ||||||||||
| Total debt | $826.0M | $1.00B | $1.07B | $413.9M | $290.2M | $306.5M | $524.0M | $348.2M | $346.4M | $361.3M |
| Net cash (debt) | −$797.8M | −$964.7M | −$1.03B | −$370.0M | −$144.1M | −$227.5M | −$480.3M | −$291.4M | −$293.0M | −$308.2M |
| Working capital | $318.0M | $331.7M | $366.6M | $371.1M | $315.6M | $262.7M | $233.4M | $220.4M | $270.9M | $299.0M |
| Tangible book value | $462.5M | $504.5M | $540.2M | $487.3M | $415.6M | $362.1M | $334.4M | $326.9M | $316.4M | $311.2M |
| Book value per share | $25.43 | $27.16 | $29.23 | $23.96 | $19.56 | $16.80 | $15.72 | $15.37 | $14.94 | $14.71 |
| Shares outstanding | 22.8M | 22.6M | 22.5M | 22.4M | 22.2M | 22.1M | 22.0M | 21.8M | 21.5M | 21.8M |
| Current ratio | 1.41 | 1.35 | 1.32 | 1.74 | 1.84 | 1.83 | 1.47 | 1.52 | 1.83 | 1.97 |
| Quick ratio | 0.20 | 0.16 | 0.17 | 0.28 | 0.64 | 0.47 | 0.24 | 0.32 | 0.35 | 0.38 |
| Debt / equity | 1.43 | 1.63 | 1.62 | 0.77 | 0.67 | 0.83 | 1.52 | 1.04 | 1.08 | 1.13 |
| Equity / assets | 35.8% | 33.9% | 33.0% | 45.1% | 46.0% | 45.5% | 35.4% | 42.3% | 42.3% | 41.6% |
| 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 | $29.5M | $29.6M | $28.2M | $48.8M | $32.7M | $21.5M | $35.9M | $23.4M | $31.2M | $35.7M | $38.1M | $70.0M |
| Cash & equivalents | $29.5M | $29.6M | $28.2M | $48.8M | $32.7M | $21.5M | $35.9M | $23.4M | $31.2M | $35.7M | $38.1M | $70.0M |
| Receivables | $113.2M | $109.6M | $127.0M | $146.7M | $127.6M | $124.0M | $119.8M | $140.3M | $131.8M | $134.1M | $153.7M | $129.4M |
| Inventory | $931.5M | $914.8M | $903.1M | $1.01B | $1.14B | $1.10B | $1.11B | $1.41B | $1.53B | $1.43B | $1.30B | $1.07B |
| Other current assets | $26.5M | $30.7M | $31.7M | $21.8M | $26.0M | $27.9M | $28.2M | $19.9M | $18.3M | $15.3M | $24.3M | $15.1M |
| Total current assets | $1.10B | $1.08B | $1.09B | $1.23B | $1.33B | $1.27B | $1.29B | $1.60B | $1.71B | $1.61B | $1.52B | $1.29B |
| Property, plant & equipment (net) | $407.8M | $410.4M | $408.2M | $419.3M | $426.1M | $406.1M | $407.6M | $394.6M | $395.0M | $356.3M | $353.5M | $308.0M |
| Goodwill & intangible assets | $118.5M | $118.4M | $116.8M | $112.4M | $112.9M | $109.9M | $109.6M | $115.9M | $114.3M | $114.3M | $117.5M | $49.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.6M | $1.4M | $2.0M | $9.6M | $12.6M | $8.8M | $4.1M | $2.2M | $2.2M | $2.2M | $2.3M | $6.8M |
| Total assets | $1.63B | $1.61B | $1.62B | $1.77B | $1.88B | $1.80B | $1.81B | $2.11B | $2.22B | $2.09B | $1.99B | $1.65B |
| Liabilities | ||||||||||||
| Accounts payable | $41.0M | $43.8M | $35.2M | $46.3M | $41.5M | $49.3M | $37.2M | $44.7M | $40.4M | $47.6M | $43.8M | $38.0M |
| Short-term debt | $653.5M | $619.2M | $579.2M | $765.6M | $872.4M | $786.8M | $772.4M | $1.07B | $1.19B | $1.05B | $918.9M | $726.6M |
| Deferred revenue | $38.7M | $54.1M | $82.3M | $24.1M | $41.7M | $57.8M | $91.9M | $42.0M | $57.8M | $84.9M | $115.9M | $44.0M |
| Total current liabilities | $817.7M | $788.5M | $772.0M | $904.1M | $1.01B | $955.9M | $961.0M | $1.21B | $1.34B | $1.25B | $1.15B | $885.4M |
| Long-term debt | $147.5M | $150.5M | $158.6M | $154.8M | $153.1M | $153.9M | $157.8M | $131.1M | $116.7M | $105.4M | $106.4M | $87.6M |
| Lease obligations | $87.4M | $92.7M | $92.3M | $89.6M | $95.0M | $76.7M | $76.2M | $43.0M | $43.3M | $58.6M | $63.1M | $48.1M |
| Other long-term liabilities | $105.5M | $109.3M | $107.1M | $97.9M | $103.4M | $82.4M | $81.1M | $98.0M | $100.9M | $71.9M | $75.8M | $50.9M |
| Total liabilities | $1.07B | $1.05B | $1.04B | $1.16B | $1.27B | $1.19B | $1.20B | $1.44B | $1.56B | $1.43B | $1.33B | $1.02B |
| Shareholders' equity | ||||||||||||
| Retained earnings (deficit) | $284.4M | $293.5M | $306.1M | $342.3M | $341.1M | $347.1M | $360.3M | $404.1M | $402.4M | $406.7M | $397.2M | $373.3M |
| Accumulated other comprehensive income | $4.9M | $5.7M | $6.3M | $4.7M | $4.8M | −$4.7M | −$8.3M | $3.1M | −$2.7M | −$2.8M | $1.8M | −$5.3M |
| Total shareholders' equity | $557.8M | $566.5M | $579.3M | $612.6M | $610.3M | $605.4M | $614.1M | $668.2M | $659.6M | $662.6M | $657.6M | $625.8M |
| Key figures | ||||||||||||
| Total debt | $884.4M | $858.3M | $826.0M | $1.05B | $1.11B | $1.01B | $1.00B | $1.23B | $1.34B | $1.20B | $1.08B | $852.9M |
| Net cash (debt) | −$854.9M | −$828.7M | −$797.8M | −$1.00B | −$1.08B | −$990.1M | −$964.7M | −$1.21B | −$1.31B | −$1.17B | −$1.04B | −$782.9M |
| Working capital | $283.0M | $296.2M | $318.0M | $324.0M | $315.1M | $316.9M | $331.7M | $384.7M | $365.7M | $367.2M | $366.6M | $400.1M |
| Tangible book value | $439.3M | $448.1M | $462.5M | $500.3M | $497.4M | $495.5M | $504.5M | $552.3M | $545.3M | $548.3M | $540.2M | $576.4M |
| Book value per share | $24.35 | $24.79 | $25.43 | $26.94 | $26.81 | $26.71 | $27.13 | $29.53 | $29.16 | $29.39 | $28.78 | $27.79 |
| Shares outstanding | 22.9M | 22.8M | 22.8M | 22.7M | 22.8M | 22.7M | 22.6M | 22.6M | 22.6M | 22.5M | 22.8M | 22.5M |
| Current ratio | 1.35 | 1.38 | 1.41 | 1.36 | 1.31 | 1.33 | 1.35 | 1.32 | 1.27 | 1.29 | 1.32 | 1.45 |
| Quick ratio | 0.17 | 0.18 | 0.20 | 0.22 | 0.16 | 0.15 | 0.16 | 0.14 | 0.12 | 0.14 | 0.17 | 0.23 |
| Debt / equity | 1.59 | 1.52 | 1.43 | 1.72 | 1.82 | 1.67 | 1.63 | 1.84 | 2.03 | 1.82 | 1.64 | 1.36 |
| Equity / assets | 34.3% | 35.1% | 35.8% | 34.6% | 32.5% | 33.7% | 33.9% | 31.7% | 29.7% | 31.7% | 33.0% | 37.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 31, 2026); data from EODHD.
TITN financial position
At the end of fiscal 2026 (January 31, 2026), Titan Machinery had total assets of $1.6 billion (down 10.9% from a year earlier), total liabilities of $1.0 billion and shareholders' equity of $579.3 million. It held $28.2 million in cash and short-term investments against $826.0 million of debt, net debt of $797.8 million. Its current ratio was 1.41. In the latest quarter (ended July 31, 2026) total assets were $1.6 billion and equity $557.8 million.
Related: TITN income statement, TITN cash flow statement, TITN key metrics. See the TITN stock overview for the latest quote and news.
TITN balance sheet FAQ
What are Titan Machinery's total assets?
Titan Machinery reported total assets of $1.6 billion at the end of fiscal 2026 (January 31, 2026), compared with $1.8 billion a year earlier.
How much debt does Titan Machinery have?
Titan Machinery had $826.0 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.43.
How much cash does Titan Machinery have?
Titan Machinery held $28.2 million in cash and short-term investments at the end of fiscal 2026; with $826.0 million of debt that is net debt of $797.8 million.
What is Titan Machinery's book value?
Titan Machinery's shareholders' equity (book value) was $579.3 million at the end of fiscal 2026, or $25.43 per share.
What is Titan Machinery's current ratio?
Titan Machinery had current assets of $1.1 billion and current liabilities of $772.0 million, a current ratio of 1.41 (it can cover its short-term obligations).
How much goodwill does Titan Machinery have?
Titan Machinery carried $116.8 million of goodwill and intangible assets, 7.2% of total assets, at the end of fiscal 2026.