U-Haul Holding Company (UHAL) Balance Sheet
UHAL balance sheet, FY2026
March 31, 2026 · U.S. dollars$22.01B assets = $14.40B liabilities + $7.61B equity
Both columns are drawn to the same scale: what UHAL owns equals what it owes plus shareholders’ equity. Hover a block for its value.
UHAL financial health
Current ratio1.92
Comfortable · current assets cover current liabilities 1.92×
Debt / equity1.07
Moderate leverage · $1.07 of debt for each $1 of equity
Equity / assets34.6%
Balanced · of assets funded by shareholders
Cash / debt13.8%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
UHAL balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $9.41BFY2017 | $22.01BFY2026 | +9.9%/yr | |
| Total liabilities | $6.79BFY2017 | $14.40BFY2026 | +8.7%/yr | |
| Shareholders’ equity | $2.62BFY2017 | $7.61BFY2026 | +12.6%/yr | |
| Cash & short-term investments | $697.8MFY2017 | $1.12BFY2026 | +5.4%/yr | |
| Total debt | $3.68BFY2017 | $8.12BFY2026 | +9.2%/yr | |
| Net cash (debt) | −$2.98BFY2017 | −$7.00BFY2026 | −$4.0B | |
| Working capital | −$813.3MFY2017 | $790.0MFY2026 | +$1.6B | |
| Current ratio | 0.59FY2017 | 1.92FY2026 | +1.33 | |
| Debt / equity | 1.40FY2017 | 1.07FY2026 | −0.34 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
UHAL assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
UHAL liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
UHAL debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
UHAL balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.12B | $1.70B | $2.06B | $2.75B | $2.74B | $1.20B | $494.4M | $673.7M | $759.4M | $697.8M |
| Cash & equivalents | $1.12B | $988.8M | $1.53B | $2.06B | $2.70B | $1.19B | $494.4M | $673.7M | $759.4M | $697.8M |
| Short-term investments | $2.42B | $710.7M | $527.4M | $687.5M | $30.9M | $7.2M | $7.0M | $5.5M | $10.3M | $15.1M |
| Receivables | $159.8M | $275.7M | $273.8M | $237.8M | $277.2M | $224.4M | $221.5M | $255.7M | $226.8M | $264.2M |
| Inventory | $178.2M | $163.1M | $150.9M | $151.5M | $158.9M | $105.6M | $101.1M | $103.5M | $89.9M | $82.4M |
| Other current assets | $191.7M | $367.9M | $289.9M | $292.8M | $297.3M | $551.7M | $562.9M | $174.1M | $165.7M | $124.7M |
| Total current assets | $1.65B | $2.51B | $2.78B | $3.43B | $3.47B | $2.08B | $1.38B | $1.21B | $1.24B | $1.17B |
| Property, plant & equipment (net) | $16.42B | $15.30B | $13.48B | $11.88B | $10.32B | $9.30B | $9.03B | $7.93B | $6.82B | $5.96B |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $2.47B | $2.51B | $3.14B | $3.35B | $543.8M | $489.8M | $360.4M | $300.7M | $399.1M | $367.8M |
| Other non-current assets | $1.47B | $163.0M | $0 | $0 | $2.97B | $2.78B | $2.67B | $2.45B | $2.29B | $1.91B |
| Total assets | $22.01B | $20.48B | $19.06B | $18.10B | $17.30B | $14.65B | $13.44B | $11.89B | $10.75B | $9.41B |
| Liabilities | ||||||||||
| Accounts payable | $238.8M | $263.3M | $240.1M | $235.9M | $677.8M | $645.6M | $554.4M | $556.9M | $510.7M | $450.5M |
| Short-term debt | $9.5M | — | $458.5M | $587.5M | $1.09B | $1.07B | $1.09B | $959.4M | $460.0M | $417.0M |
| Deferred revenue | $56.6M | $52.9M | $51.2M | $52.3M | $49.2M | $42.6M | $31.6M | $35.2M | $34.3M | $28.7M |
| Total current liabilities | $859.8M | $1.73B | $1.68B | $1.69B | $1.62B | $1.69B | $2.67B | $2.56B | $2.25B | $1.98B |
| Long-term debt | $5.71B | $5.19B | $4.45B | $6.17B | $4.73B | $3.51B | $4.62B | $4.16B | $3.51B | $3.26B |
| Lease obligations | $2.42B | $2.05B | $1.88B | $1.54B | $1.37B | $1.25B | $1.24B | $1.04B | $984.2M | $876.8M |
| Other long-term liabilities | $7.83B | $6.06B | $5.76B | $3.74B | $5.00B | $4.60B | $1.93B | $1.47B | $1.57B | $1.54B |
| Total liabilities | $14.40B | $12.98B | $11.89B | $11.60B | $11.35B | $9.80B | $9.22B | $8.20B | $7.34B | $6.79B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $10.7M | $10.7M | $10.7M | $10.7M | $10.5M | $10.5M | $10.5M | $10.5M | $463.2M | $462.7M |
| Retained earnings (deficit) | $7.98B | $7.93B | $7.60B | $7.00B | $6.12B | $4.96B | $4.40B | $3.98B | $3.64B | $2.89B |
| Treasury stock | — | — | — | −$677.6M | −$677.6M | −$677.6M | −$677.6M | −$677.7M | −$677.7M | −$677.7M |
| Accumulated other comprehensive income | −$163.6M | −$229.3M | −$223.2M | −$285.6M | $46.4M | $106.9M | $34.7M | −$66.7M | −$4.6M | −$51.2M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $7.61B | $7.50B | $7.17B | $6.50B | $5.95B | $4.85B | $4.22B | $3.69B | $3.41B | $2.62B |
| Key figures | ||||||||||
| Total debt | $8.12B | $7.24B | $6.33B | $6.17B | $7.19B | $5.83B | $5.71B | $5.12B | $3.97B | $3.68B |
| Net cash (debt) | −$7.00B | −$5.54B | −$4.26B | −$3.42B | −$4.46B | −$4.63B | −$5.21B | −$4.45B | −$3.21B | −$2.98B |
| Working capital | $790.0M | $774.9M | $1.09B | $1.74B | $1.85B | $397.1M | −$1.29B | −$1.36B | −$1.01B | −$813.3M |
| Tangible book value | $7.61B | $7.50B | $7.17B | $6.50B | $5.95B | $4.85B | $4.22B | $3.69B | $3.41B | $2.62B |
| Book value per share | — | — | — | — | — | — | $215.30 | — | — | — |
| Shares outstanding | — | — | — | — | — | — | 19.6M | — | — | — |
| Current ratio | 1.92 | 1.45 | 1.65 | 2.03 | 2.14 | 1.24 | 0.52 | 0.47 | 0.55 | 0.59 |
| Quick ratio | 1.49 | 1.14 | 1.39 | 1.76 | 1.86 | 0.85 | 0.27 | 0.36 | 0.44 | 0.49 |
| Debt / equity | 1.07 | 0.97 | 0.88 | 0.95 | 1.21 | 1.20 | 1.35 | 1.39 | 1.17 | 1.40 |
| Equity / assets | 34.6% | 36.6% | 37.6% | 35.9% | 34.4% | 33.1% | 31.4% | 31.1% | 31.7% | 27.9% |
| 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 | $3.43B | $1.12B | $1.03B | $1.08B | $1.67B | $1.70B | $1.73B | $2.07B | $1.71B | $2.06B | $2.40B | $2.15B |
| Cash & equivalents | $1.10B | $1.12B | $1.03B | $1.08B | $877.2M | $988.8M | $1.02B | $1.44B | $1.15B | $1.53B | $1.81B | $2.15B |
| Short-term investments | $2.34B | $2.42B | $2.50B | $784.0M | $792.8M | $710.7M | $707.9M | $629.6M | $554.8M | $527.4M | $596.7M | $650.2M |
| Receivables | $190.9M | $159.8M | $172.6M | $175.6M | $271.5M | $275.7M | $239.4M | $271.8M | $320.9M | $273.8M | $244.7M | $212.6M |
| Inventory | $180.3M | $178.2M | $175.0M | $176.1M | $173.3M | $163.1M | $155.1M | $157.6M | $157.6M | $150.9M | $155.2M | $161.5M |
| Other current assets | $137.7M | $191.7M | $353.2M | $316.2M | $285.5M | $367.9M | $265.9M | $279.5M | $248.1M | $289.9M | $240.5M | $303.7M |
| Total current assets | $3.94B | $1.65B | $1.73B | $1.75B | $2.40B | $2.51B | $2.39B | $2.77B | $2.43B | $2.78B | $3.04B | $2.82B |
| Property, plant & equipment (net) | $16.76B | $16.42B | $16.30B | $16.14B | $15.72B | $15.30B | $15.09B | $14.59B | $14.07B | $13.48B | $13.19B | $12.84B |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $2.39B | $2.47B | $2.54B | $2.45B | $2.48B | $2.51B | $2.60B | $3.15B | $3.11B | $3.14B | $3.13B | $3.11B |
| Other non-current assets | $0 | $1.47B | $1.05B | $1.09B | $252.6M | $163.0M | $249.4M | $0 | $0 | $0 | $0 | $246.2M |
| Total assets | $21.66B | $22.01B | $21.62B | $21.43B | $20.85B | $20.48B | $20.33B | $20.13B | $19.31B | $19.06B | $19.00B | $19.02B |
| Liabilities | ||||||||||||
| Accounts payable | $909.1M | $238.8M | $181.8M | $274.2M | $297.6M | $263.3M | $179.5M | $278.9M | $248.1M | $240.1M | $729.3M | $758.0M |
| Short-term debt | — | $9.5M | $13.9M | $24.4M | $40.7M | — | $530.6M | $6.7M | $9.8M | $547.9M | $693.3M | $668.1M |
| Deferred revenue | $69.3M | $56.6M | $54.2M | $55.8M | $65.2M | $52.9M | $47.4M | $54.0M | $62.6M | $51.2M | $45.7M | $56.8M |
| Total current liabilities | $1.93B | $859.8M | $779.3M | $894.1M | $1.84B | $1.73B | $1.68B | $1.79B | $1.75B | $1.68B | $1.61B | $1.68B |
| Long-term debt | $5.73B | $5.71B | $5.61B | $5.47B | $5.21B | $5.19B | $4.91B | $4.86B | $4.38B | $4.45B | $4.64B | $4.69B |
| Lease obligations | $2.41B | $2.42B | $2.45B | $2.26B | $2.08B | $2.05B | $2.04B | $1.95B | $1.95B | $1.88B | $1.86B | $1.77B |
| Other long-term liabilities | $6.34B | $7.83B | $7.48B | $7.29B | $6.14B | $6.06B | $6.11B | $5.96B | $5.83B | $5.76B | $5.66B | $5.62B |
| Total liabilities | $14.00B | $14.40B | $13.87B | $13.66B | $13.19B | $12.98B | $12.70B | $12.61B | $11.95B | $11.89B | $11.91B | $11.99B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $10.7M | $10.7M | $10.7M | $10.7M | $10.7M | $10.7M | $10.7M | $10.7M | $10.7M | $10.7M | $10.7M | $10.7M |
| Retained earnings (deficit) | $8.09B | $7.98B | $8.12B | $8.16B | $8.07B | $7.93B | $8.02B | $7.96B | $7.79B | $7.60B | $7.61B | $7.52B |
| Accumulated other comprehensive income | −$181.1M | −$163.6M | −$168.1M | −$189.8M | −$200.2M | −$229.3M | −$187.2M | −$240.8M | −$231.8M | −$223.2M | −$308.6M | −$275.7M |
| Total shareholders' equity | $7.66B | $7.61B | $7.74B | $7.77B | $7.66B | $7.50B | $7.63B | $7.52B | $7.35B | $7.17B | $7.09B | $7.03B |
| Key figures | ||||||||||||
| Total debt | $8.15B | $8.12B | $8.06B | $7.74B | $7.29B | $7.24B | $6.95B | $6.81B | $6.33B | $6.33B | $6.50B | $6.47B |
| Net cash (debt) | −$4.71B | −$7.00B | −$7.03B | −$6.65B | −$5.62B | −$5.54B | −$5.22B | −$4.75B | −$4.63B | −$4.26B | −$4.10B | −$4.32B |
| Working capital | $2.01B | $790.0M | $953.8M | $856.7M | $562.5M | $774.9M | $708.8M | $983.0M | $687.0M | $1.09B | $1.43B | $1.14B |
| Tangible book value | $7.66B | $7.61B | $7.74B | $7.77B | $7.66B | $7.50B | $7.63B | $7.52B | $7.35B | $7.17B | $7.09B | $7.03B |
| Current ratio | 2.04 | 1.92 | 2.22 | 1.96 | 1.31 | 1.45 | 1.42 | 1.55 | 1.39 | 1.65 | 1.89 | 1.68 |
| Quick ratio | 1.88 | 1.49 | 1.55 | 1.41 | 1.06 | 1.14 | 1.17 | 1.30 | 1.16 | 1.39 | 1.64 | 1.40 |
| Debt / equity | 1.06 | 1.07 | 1.04 | 1.00 | 0.95 | 0.97 | 0.91 | 0.91 | 0.86 | 0.88 | 0.92 | 0.92 |
| Equity / assets | 35.4% | 34.6% | 35.8% | 36.3% | 36.7% | 36.6% | 37.5% | 37.4% | 38.1% | 37.6% | 37.3% | 37.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed May 27, 2026); data from EODHD.
UHAL financial position
At the end of fiscal 2026 (March 31, 2026), U-Haul had total assets of $22.0 billion (up 7.5% from a year earlier), total liabilities of $14.4 billion and shareholders' equity of $7.6 billion. It held $1.1 billion in cash and short-term investments against $8.1 billion of debt, net debt of $7.0 billion. Its current ratio was 1.92. In the latest quarter (ended June 30, 2026) total assets were $21.7 billion and equity $7.7 billion.
Related: UHAL income statement, UHAL cash flow statement, UHAL key metrics. See the UHAL stock overview for the latest quote and news.
UHAL balance sheet FAQ
What are U-Haul's total assets?
U-Haul reported total assets of $22.0 billion at the end of fiscal 2026 (March 31, 2026), compared with $20.5 billion a year earlier.
How much debt does U-Haul have?
U-Haul had $8.1 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.07.
How much cash does U-Haul have?
U-Haul held $1.1 billion in cash and short-term investments at the end of fiscal 2026; with $8.1 billion of debt that is net debt of $7.0 billion.
What is U-Haul's book value?
U-Haul's shareholders' equity (book value) was $7.6 billion at the end of fiscal 2026.
What is U-Haul's current ratio?
U-Haul had current assets of $1.6 billion and current liabilities of $859.8 million, a current ratio of 1.92 (it can cover its short-term obligations).