Twin Disc, Incorporated (TWIN) Balance Sheet
TWIN balance sheet, FY2026
June 30, 2026 · U.S. dollars$401.2M assets = $181.3M liabilities + $219.9M equity
Both columns are drawn to the same scale: what TWIN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TWIN financial health
Current ratio2.35
Comfortable · current assets cover current liabilities 2.35×
Debt / equity0.20
Low leverage · $0.20 of debt for each $1 of equity
Equity / assets54.7%
Equity-funded · of assets funded by shareholders
Cash / debt35.6%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles4.2%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
TWIN balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $210.9MFY2017 | $401.2MFY2026 | +7.4%/yr | |
| Total liabilities | $87.3MFY2017 | $181.3MFY2026 | +8.5%/yr | |
| Shareholders’ equity | $123.6MFY2017 | $219.7MFY2026 | +6.6%/yr | |
| Cash & short-term investments | $16.4MFY2017 | $16.0MFY2026 | −0.2%/yr | |
| Total debt | $6.3MFY2017 | $45.0MFY2026 | +24.4%/yr | |
| Net cash (debt) | $10.0MFY2017 | −$29.0MFY2026 | −$39.0M | |
| Working capital | $84.9MFY2017 | $159.6MFY2026 | +$74.7M | |
| Book value per share | $10.99FY2017 | $15.06FY2026 | +3.6%/yr | |
| Current ratio | 2.91FY2017 | 2.35FY2026 | −0.56 | |
| Debt / equity | 0.05FY2017 | 0.20FY2026 | +0.15 | |
| Shares outstanding | 11.2MFY2017 | 14.6MFY2026 | +2.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TWIN assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
TWIN liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
TWIN debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TWIN balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $16.0M | $16.1M | $20.1M | $13.3M | $12.5M | $12.3M | $10.7M | $12.4M | $15.2M | $16.4M |
| Cash & equivalents | $16.0M | $16.1M | $20.1M | $13.3M | $12.5M | $12.3M | $10.7M | $12.4M | $15.2M | $16.4M |
| Short-term investments | — | — | $218,000 | $292,000 | $68,000 | — | — | — | $0 | $0 |
| Receivables | $66.8M | $58.9M | $52.2M | $54.8M | $45.5M | $39.5M | $30.7M | $44.0M | $45.4M | $31.4M |
| Inventory | $178.0M | $152.0M | $130.5M | $131.9M | $127.1M | $115.0M | $120.6M | $125.9M | $84.0M | $66.2M |
| Other current assets | $17.4M | $19.9M | $16.9M | $19.8M | $19.4M | $25.2M | $12.0M | $20.1M | $14.7M | $15.5M |
| Total current assets | $278.2M | $246.9M | $219.6M | $219.7M | $204.5M | $192.0M | $174.0M | $202.4M | $159.3M | $129.4M |
| Property, plant & equipment (net) | $82.8M | $86.8M | $74.7M | $51.8M | $54.3M | $60.2M | $72.7M | $71.3M | $48.9M | $48.2M |
| Goodwill & intangible assets | $16.9M | $16.3M | $12.7M | $12.6M | $13.0M | $17.5M | $37.9M | $50.7M | $4.6M | $4.6M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $23.3M | $5.6M | $5.0M | $5.1M | $4.8M | $5.8M | $9.5M | $21.9M | $21.9M | $28.7M |
| Total assets | $401.2M | $355.6M | $312.1M | $289.2M | $276.5M | $275.4M | $294.1M | $346.2M | $234.7M | $210.9M |
| Liabilities | ||||||||||
| Accounts payable | $30.8M | $38.7M | $32.6M | $36.5M | $28.5M | $31.0M | $25.7M | $31.5M | $29.4M | $21.3M |
| Short-term debt | $5.0M | $6.4M | $5.2M | $2.0M | $2.0M | $2.0M | $4.7M | $2.0M | $4.8M | $6.3M |
| Deferred revenue | — | $43.2M | $26.5M | $22.9M | $17.2M | $13.1M | $11.5M | $14.9M | $5.4M | $2.4M |
| Total current liabilities | $118.6M | $125.8M | $99.5M | $100.1M | $81.1M | $78.6M | $66.7M | $73.1M | $62.3M | $44.5M |
| Long-term debt | $28.3M | $28.4M | $23.8M | $16.6M | $34.5M | $30.1M | $37.9M | $40.5M | $4.8M | $6.3M |
| Lease obligations | $15.2M | $17.8M | $14.4M | $10.8M | $10.6M | $12.9M | $13.5M | $14.7M | — | — |
| Other long-term liabilities | $34.4M | $36.9M | $33.7M | $27.0M | $29.7M | $36.1M | $49.5M | $49.9M | $23.9M | $36.5M |
| Total liabilities | $181.3M | $191.2M | $157.0M | $143.7M | $145.3M | $144.8M | $154.2M | $163.4M | $91.1M | $87.3M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $40.3M | $42.3M | $41.8M | $42.9M | $42.6M | $41.0M | $42.8M | $45.0M | $11.6M | $10.4M |
| Retained earnings (deficit) | $182.3M | $125.4M | $129.6M | $120.3M | $109.9M | $135.8M | $156.7M | $196.5M | $178.9M | $169.4M |
| Treasury stock | — | — | — | — | −$14.7M | −$15.1M | −$18.8M | −$21.3M | −$23.7M | −$24.2M |
| Accumulated other comprehensive income | $288,000 | $3.7M | −$6.9M | −$5.6M | −$7.0M | −$31.4M | −$41.2M | −$38.0M | −$23.8M | −$32.7M |
| Minority interest | $282,000 | $380,000 | $352,000 | $424,000 | $412,000 | $450,000 | $569,000 | $602,000 | $619,000 | $646,000 |
| Total shareholders' equity | $219.7M | $164.0M | $154.7M | $145.1M | $130.8M | $130.2M | $139.4M | $182.2M | $143.6M | $123.6M |
| Key figures | ||||||||||
| Total debt | $45.0M | $49.2M | $48.2M | $29.4M | $47.1M | $45.0M | $55.3M | $55.7M | $4.8M | $6.3M |
| Net cash (debt) | −$29.0M | −$33.1M | −$28.1M | −$16.2M | −$34.6M | −$32.6M | −$44.6M | −$43.4M | $10.3M | $10.0M |
| Working capital | $159.6M | $121.1M | $120.1M | $119.6M | $123.4M | $113.4M | $107.3M | $129.3M | $96.9M | $84.9M |
| Tangible book value | $202.8M | $147.8M | $142.0M | $132.5M | $117.8M | $112.7M | $101.4M | $131.5M | $139.0M | $119.0M |
| Book value per share | $15.06 | $11.84 | $11.15 | $10.51 | $9.77 | $9.83 | $10.60 | $14.37 | $12.60 | $10.99 |
| Shares outstanding | 14.6M | 13.9M | 13.9M | 13.8M | 13.4M | 13.2M | 13.2M | 12.7M | 11.4M | 11.2M |
| Current ratio | 2.35 | 1.96 | 2.21 | 2.19 | 2.52 | 2.44 | 2.61 | 2.77 | 2.55 | 2.91 |
| Quick ratio | 0.70 | 0.60 | 0.73 | 0.68 | 0.72 | 0.66 | 0.62 | 0.77 | 0.97 | 1.07 |
| Debt / equity | 0.20 | 0.30 | 0.31 | 0.20 | 0.36 | 0.35 | 0.40 | 0.31 | 0.03 | 0.05 |
| Equity / assets | 54.7% | 46.1% | 49.6% | 50.2% | 47.3% | 47.3% | 47.4% | 52.6% | 61.2% | 58.6% |
| 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 | $16.0M | $16.1M | $14.9M | $14.2M | $16.1M | $16.2M | $15.9M | $16.7M | $20.1M | $23.8M | $21.0M | $20.4M |
| Cash & equivalents | $16.0M | $16.1M | $14.9M | $14.2M | $16.1M | $16.2M | $15.9M | $16.7M | $20.1M | $23.8M | $21.0M | $20.4M |
| Short-term investments | — | — | — | — | — | — | — | — | $218,000 | $217,000 | — | $268,000 |
| Receivables | $66.8M | $64.1M | $53.6M | $64.0M | $58.9M | $57.3M | $53.7M | $51.5M | $52.2M | $41.0M | $41.4M | $39.8M |
| Inventory | $178.0M | $160.3M | $163.2M | $158.3M | $152.0M | $138.0M | $128.3M | $143.9M | $130.5M | $129.8M | $131.8M | $126.2M |
| Other current assets | $17.4M | $19.9M | $20.2M | $18.1M | $19.9M | $20.5M | $18.7M | $18.2M | $16.9M | $23.9M | $22.4M | $22.8M |
| Total current assets | $278.2M | $260.4M | $251.9M | $254.5M | $246.9M | $232.0M | $216.6M | $230.2M | $219.6M | $218.5M | $216.6M | $209.2M |
| Property, plant & equipment (net) | $82.8M | $85.6M | $87.3M | $86.5M | $86.8M | $80.7M | $74.9M | $75.7M | $74.7M | $55.1M | $52.4M | $52.2M |
| Goodwill & intangible assets | $16.9M | $15.5M | $15.1M | $15.4M | $16.3M | $15.0M | $10.9M | $12.3M | $12.7M | $10.2M | $11.1M | $11.5M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $23.3M | $29.5M | $29.8M | $7.1M | $5.6M | $5.2M | $5.0M | $5.3M | $5.0M | $5.0M | $5.1M | $5.1M |
| Total assets | $401.2M | $391.0M | $384.0M | $363.5M | $355.6M | $332.9M | $307.4M | $323.5M | $312.1M | $288.8M | $285.2M | $278.0M |
| Liabilities | ||||||||||||
| Accounts payable | $30.8M | $36.5M | $36.7M | $37.1M | $38.7M | $31.6M | $28.6M | $31.1M | $32.6M | $33.2M | $32.6M | $29.6M |
| Short-term debt | $5.0M | $7.8M | $6.4M | $7.4M | $6.4M | $6.2M | $5.7M | $2.0M | $4.5M | $2.0M | $2.0M | $2.0M |
| Deferred revenue | — | — | — | — | $43.2M | — | — | — | $28.6M | $1 | — | — |
| Total current liabilities | $118.6M | $124.3M | $118.5M | $122.2M | $125.8M | $109.9M | $102.7M | $103.4M | $99.5M | $98.6M | $97.5M | $92.2M |
| Long-term debt | $28.3M | $42.1M | $41.5M | $40.7M | $28.4M | $37.8M | $22.9M | $27.8M | $23.8M | $15.0M | $15.7M | $19.7M |
| Lease obligations | $15.2M | $16.1M | $16.4M | $16.8M | $17.8M | $17.5M | $16.5M | $14.5M | $14.4M | $12.6M | $10.0M | $9.9M |
| Other long-term liabilities | $34.4M | $38.1M | $38.8M | $39.7M | $36.9M | $35.1M | $34.2M | $34.4M | $33.7M | $28.1M | $26.0M | $25.9M |
| Total liabilities | $181.3M | $204.5M | $198.8M | $202.6M | $191.2M | $182.7M | $159.7M | $165.5M | $157.0M | $141.8M | $139.3M | $137.8M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $40.3M | $38.9M | $38.1M | $37.8M | $42.3M | $40.9M | $40.1M | $39.9M | $41.8M | $40.4M | $39.7M | $39.4M |
| Retained earnings (deficit) | $182.3M | $148.9M | $146.1M | $124.3M | $125.4M | $124.6M | $126.6M | $126.3M | $129.6M | $122.8M | $119.5M | $119.1M |
| Accumulated other comprehensive income | $288,000 | $1.1M | $3.5M | $1.9M | $3.7M | −$8.6M | −$12.2M | −$516,000 | −$6.9M | −$7.1M | −$4.1M | −$8.6M |
| Minority interest | $282,000 | $862,000 | $651,000 | $571,000 | $380,000 | — | — | — | — | — | — | — |
| Total shareholders' equity | $219.7M | $185.7M | $184.5M | $160.3M | $164.0M | $149.5M | $147.0M | $157.5M | $154.7M | $146.3M | $145.3M | $139.6M |
| Key figures | ||||||||||||
| Total debt | $45.0M | $67.0M | $60.9M | $66.6M | $49.2M | $58.3M | $47.2M | $44.3M | $42.7M | $29.7M | $27.7M | $31.6M |
| Net cash (debt) | −$29.0M | −$50.9M | −$46.0M | −$52.3M | −$33.1M | −$42.0M | −$31.3M | −$27.6M | −$22.6M | −$5.8M | −$6.7M | −$11.1M |
| Working capital | $159.6M | $136.1M | $133.3M | $132.3M | $121.1M | $122.1M | $113.9M | $126.9M | $120.1M | $119.9M | $119.0M | $117.0M |
| Tangible book value | $202.8M | $170.2M | $169.5M | $144.9M | $147.8M | $134.5M | $136.2M | $145.2M | $142.0M | $136.1M | $134.2M | $128.1M |
| Book value per share | $15.06 | $12.88 | $12.82 | $11.48 | $11.74 | $10.76 | $10.46 | $11.43 | $11.12 | $10.52 | $10.44 | $10.32 |
| Shares outstanding | 14.6M | 14.4M | 14.4M | 14.0M | 14.0M | 13.9M | 14.1M | 13.8M | 13.9M | 13.9M | 13.9M | 13.5M |
| Current ratio | 2.35 | 2.09 | 2.12 | 2.08 | 1.96 | 2.11 | 2.11 | 2.23 | 2.21 | 2.22 | 2.22 | 2.27 |
| Quick ratio | 0.70 | 0.65 | 0.58 | 0.64 | 0.60 | 0.67 | 0.68 | 0.66 | 0.73 | 0.66 | 0.64 | 0.65 |
| Debt / equity | 0.20 | 0.36 | 0.33 | 0.42 | 0.30 | 0.39 | 0.32 | 0.28 | 0.28 | 0.20 | 0.19 | 0.23 |
| Equity / assets | 54.7% | 47.5% | 48.1% | 44.1% | 46.1% | 44.9% | 47.8% | 48.7% | 49.6% | 50.7% | 50.9% | 50.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed September 4, 2026); data from EODHD.
TWIN financial position
At the end of fiscal 2026 (June 30, 2026), Twin Disc had total assets of $401.2 million (up 12.8% from a year earlier), total liabilities of $181.3 million and shareholders' equity of $219.7 million. It held $16.0 million in cash and short-term investments against $45.0 million of debt, net debt of $29.0 million. Its current ratio was 2.35.
Related: TWIN income statement, TWIN cash flow statement, TWIN key metrics. See the TWIN stock overview for the latest quote and news.
TWIN balance sheet FAQ
What are Twin Disc's total assets?
Twin Disc reported total assets of $401.2 million at the end of fiscal 2026 (June 30, 2026), compared with $355.6 million a year earlier.
How much debt does Twin Disc have?
Twin Disc had $45.0 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.20.
How much cash does Twin Disc have?
Twin Disc held $16.0 million in cash and short-term investments at the end of fiscal 2026; with $45.0 million of debt that is net debt of $29.0 million.
What is Twin Disc's book value?
Twin Disc's shareholders' equity (book value) was $219.7 million at the end of fiscal 2026, or $15.06 per share.
What is Twin Disc's current ratio?
Twin Disc had current assets of $278.2 million and current liabilities of $118.6 million, a current ratio of 2.35 (it can cover its short-term obligations).
How much goodwill does Twin Disc have?
Twin Disc carried $16.9 million of goodwill and intangible assets, 4.2% of total assets, at the end of fiscal 2026.