United Natural Foods, Inc. (UNFI) Balance Sheet
UNFI balance sheet, FY2026
July 31, 2026 · U.S. dollars$7.11B assets = $5.49B liabilities + $1.62B equity
Both columns are drawn to the same scale: what UNFI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
UNFI financial health
Current ratio1.29
Adequate · current assets cover current liabilities 1.29×
Debt / equity1.87
High leverage · $1.87 of debt for each $1 of equity
Equity / assets22.8%
Balanced · of assets funded by shareholders
Cash / debt1.2%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles7.4%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
UNFI balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.89BFY2017 | $7.11BFY2026 | +10.5%/yr | |
| Total liabilities | $1.20BFY2017 | $5.49BFY2026 | +18.3%/yr | |
| Shareholders’ equity | $1.68BFY2017 | $1.62BFY2026 | −0.4%/yr | |
| Cash & short-term investments | $15.4MFY2017 | $37.0MFY2026 | +10.2%/yr | |
| Total debt | $385.6MFY2017 | $3.04BFY2026 | +25.8%/yr | |
| Net cash (debt) | −$370.2MFY2017 | −$3.00BFY2026 | −$2.6B | |
| Working capital | $958.7MFY2017 | $700.0MFY2026 | −$258.7M | |
| Book value per share | $33.12FY2017 | $25.81FY2026 | −2.7%/yr | |
| Current ratio | 2.36FY2017 | 1.29FY2026 | −1.07 | |
| Debt / equity | 0.23FY2017 | 1.87FY2026 | +1.64 | |
| Shares outstanding | 50.8MFY2017 | 62.8MFY2026 | +2.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
UNFI assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
UNFI liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
UNFI debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
UNFI balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $37.0M | $44.0M | $40.0M | $37.0M | $44.0M | $41.0M | $47.0M | $42.4M | $23.3M | $15.4M |
| Cash & equivalents | $37.0M | $44.0M | $40.0M | $37.0M | $44.0M | $41.0M | $47.0M | $42.4M | $23.3M | $15.4M |
| Short-term investments | — | — | $5.0M | $17.0M | $3.0M | — | — | $389,000 | $1.5M | $0 |
| Receivables | $921.0M | $1.09B | $953.0M | $889.0M | $1.21B | $1.10B | $1.10B | $1.04B | $579.7M | $525.6M |
| Inventory | $1.95B | $2.10B | $2.18B | $2.29B | $2.35B | $2.25B | $2.28B | $2.09B | $1.14B | $1.03B |
| Other current assets | $234.0M | $191.0M | $230.0M | $245.0M | $184.0M | $159.0M | $276.2M | $392.4M | $50.1M | $89.9M |
| Total current assets | $3.14B | $3.42B | $3.40B | $3.46B | $3.80B | $3.55B | $3.70B | $3.57B | $1.79B | $1.66B |
| Property, plant & equipment (net) | $3.05B | $3.22B | $3.19B | $3.00B | $2.87B | $2.85B | $2.68B | $1.64B | $571.1M | $602.1M |
| Goodwill & intangible assets | $528.0M | $595.0M | $668.0M | $742.0M | $839.0M | $911.0M | $989.2M | $1.48B | $555.7M | $579.5M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $145,000 | $5.9M | $2.5M |
| Other non-current assets | $393.0M | $354.0M | $268.0M | $194.0M | $126.0M | $216.0M | $208.8M | $490.3M | $42.8M | $39.8M |
| Total assets | $7.11B | $7.59B | $7.53B | $7.39B | $7.63B | $7.53B | $7.59B | $7.18B | $2.96B | $2.89B |
| Liabilities | ||||||||||
| Accounts payable | $1.77B | $1.88B | $1.69B | $1.78B | $1.74B | $1.64B | $1.63B | $1.53B | $517.1M | $534.6M |
| Short-term debt | $148.0M | $181.0M | $185.0M | $198.0M | $183.0M | $497.0M | $261.0M | $112.1M | $12.4M | $12.1M |
| Deferred revenue | — | — | $7.0M | $14.0M | $8.0M | $584.0M | $510.8M | $397.7M | $91.1M | $86.7M |
| Total current liabilities | $2.44B | $2.60B | $2.37B | $2.40B | $2.42B | $2.49B | $2.37B | $2.11B | $699.2M | $704.0M |
| Long-term debt | $1.56B | $1.86B | $2.08B | $1.96B | $2.11B | $2.17B | $2.57B | $2.93B | $347.7M | $373.5M |
| Lease obligations | $1.47B | $1.58B | $1.46B | $1.29B | $1.25B | $1.13B | $1.15B | $108.2M | — | — |
| Other long-term liabilities | $1.49B | $1.58B | $1.44B | $1.29B | $1.31B | $1.35B | $1.50B | $633.8M | $71.6M | $127.2M |
| Total liabilities | $5.49B | $6.04B | $5.89B | $5.65B | $5.84B | $6.01B | $6.44B | $5.67B | $1.12B | $1.20B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $553,000 | $535,000 | $510,000 | $506,000 |
| Retained earnings (deficit) | $1.10B | $1.02B | $1.14B | $1.25B | $1.23B | $978.0M | $837.6M | $1.12B | $1.40B | $1.24B |
| Treasury stock | — | — | — | — | — | — | −$24.2M | −$24.2M | −$24.2M | $0 |
| Accumulated other comprehensive income | −$38.0M | −$42.0M | −$47.0M | −$28.0M | −$20.0M | −$39.0M | −$237.9M | −$109.0M | −$14.2M | −$14.0M |
| Minority interest | $1.0M | $3.0M | $0 | $1.0M | — | — | −$2.5M | −$2.7M | $0 | $0 |
| Total shareholders' equity | $1.62B | $1.55B | $1.64B | $1.74B | $1.79B | $1.51B | $1.14B | $1.51B | $1.85B | $1.68B |
| Key figures | ||||||||||
| Total debt | $3.04B | $3.45B | $3.55B | $3.27B | $3.38B | $3.43B | $3.66B | $3.04B | $360.1M | $385.6M |
| Net cash (debt) | −$3.00B | −$3.41B | −$3.51B | −$3.23B | −$3.34B | −$3.39B | −$3.61B | −$3.00B | −$336.8M | −$370.2M |
| Working capital | $700.0M | $821.0M | $1.04B | $1.06B | $1.38B | $1.06B | $1.33B | $1.46B | $1.09B | $958.7M |
| Tangible book value | $1.09B | $956.0M | $973.0M | $1.00B | $952.0M | $604.0M | $155.5M | $30.4M | $1.29B | $1.10B |
| Book value per share | $25.81 | $25.76 | $27.67 | $28.71 | $29.36 | $25.25 | $21.28 | $29.56 | $36.31 | $33.12 |
| Shares outstanding | 62.8M | 60.2M | 59.3M | 60.7M | 61.0M | 60.0M | 53.8M | 51.2M | 50.8M | 50.8M |
| Current ratio | 1.29 | 1.32 | 1.44 | 1.44 | 1.57 | 1.43 | 1.56 | 1.69 | 2.56 | 2.36 |
| Quick ratio | 0.39 | 0.44 | 0.42 | 0.39 | 0.52 | 0.46 | 0.48 | 0.52 | 0.86 | 0.77 |
| Debt / equity | 1.87 | 2.23 | 2.16 | 1.87 | 1.89 | 2.26 | 3.20 | 2.01 | 0.20 | 0.23 |
| Equity / assets | 22.8% | 20.4% | 21.8% | 23.6% | 23.5% | 20.1% | 15.1% | 21.1% | 62.3% | 58.3% |
| 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 | $37.0M | $43.0M | $52.0M | $38.0M | $44.0M | $52.0M | $44.0M | $37.0M | $40.0M | $39.0M | $34.0M | $37.0M |
| Cash & equivalents | $37.0M | $43.0M | $52.0M | $38.0M | $44.0M | $52.0M | $44.0M | $37.0M | $40.0M | $39.0M | $34.0M | $37.0M |
| Short-term investments | — | — | — | — | — | — | — | — | $5.0M | $12.0M | $13.0M | $15.0M |
| Receivables | $921.0M | $973.0M | $994.0M | $1.03B | $1.09B | $998.0M | $1.03B | $1.10B | $953.0M | $971.0M | $990.0M | $1.01B |
| Inventory | $1.95B | $1.99B | $1.99B | $2.24B | $2.10B | $2.19B | $2.23B | $2.40B | $2.18B | $2.23B | $2.31B | $2.65B |
| Other current assets | $234.0M | $234.0M | $212.0M | $194.0M | $191.0M | $192.0M | $180.0M | $201.0M | $230.0M | $269.0M | $246.0M | $259.0M |
| Total current assets | $3.14B | $3.24B | $3.25B | $3.50B | $3.42B | $3.43B | $3.48B | $3.74B | $3.40B | $3.51B | $3.58B | $3.96B |
| Property, plant & equipment (net) | $3.05B | $3.02B | $3.07B | $3.13B | $3.22B | $3.28B | $3.34B | $3.30B | $3.19B | $3.17B | $3.20B | $2.96B |
| Goodwill & intangible assets | $528.0M | $545.0M | $561.0M | $577.0M | $595.0M | $612.0M | $630.0M | $650.0M | $668.0M | $688.0M | $705.0M | $722.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $393.0M | $377.0M | $367.0M | $360.0M | $354.0M | $296.0M | $281.0M | $274.0M | $268.0M | $214.0M | $189.0M | $207.0M |
| Total assets | $7.11B | $7.19B | $7.25B | $7.56B | $7.59B | $7.62B | $7.73B | $7.97B | $7.53B | $7.58B | $7.67B | $7.85B |
| Liabilities | ||||||||||||
| Accounts payable | $1.77B | $1.77B | $1.79B | $1.93B | $1.88B | $1.77B | $1.77B | $1.91B | $1.69B | $1.68B | $1.72B | $1.93B |
| Short-term debt | $148.0M | $172.0M | $157.0M | $157.0M | $181.0M | $184.0M | $165.0M | $190.0M | $185.0M | $197.0M | $199.0M | $197.0M |
| Deferred revenue | — | — | — | — | — | — | — | — | $7.0M | — | — | −$16.0M |
| Total current liabilities | $2.44B | $2.44B | $2.44B | $2.53B | $2.60B | $2.43B | $2.39B | $2.53B | $2.37B | $2.32B | $2.34B | $2.58B |
| Long-term debt | $1.56B | $1.66B | $1.71B | $1.92B | $1.86B | $1.96B | $2.07B | $2.24B | $2.08B | $2.15B | $2.18B | $2.30B |
| Lease obligations | $1.47B | $1.49B | $1.52B | $1.54B | $1.58B | $1.61B | $1.64B | $1.58B | $1.46B | $1.47B | $1.49B | $1.28B |
| Other long-term liabilities | $1.49B | $1.49B | $1.54B | $1.57B | $1.58B | $1.60B | $1.64B | $1.57B | $1.44B | $1.44B | $1.47B | $1.28B |
| Total liabilities | $5.49B | $5.59B | $5.69B | $6.01B | $6.04B | $5.99B | $6.11B | $6.34B | $5.89B | $5.90B | $5.98B | $6.15B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M |
| Retained earnings (deficit) | $1.10B | $1.07B | $1.04B | $1.02B | $1.02B | $1.11B | $1.11B | $1.12B | $1.14B | $1.18B | $1.20B | $1.21B |
| Accumulated other comprehensive income | −$38.0M | −$36.0M | −$41.0M | −$43.0M | −$42.0M | −$47.0M | −$46.0M | −$45.0M | −$47.0M | −$33.0M | −$35.0M | −$33.0M |
| Minority interest | $1.0M | $1.0M | $1.0M | $1.0M | $3.0M | — | — | — | — | — | — | — |
| Total shareholders' equity | $1.62B | $1.60B | $1.55B | $1.55B | $1.55B | $1.62B | $1.62B | $1.62B | $1.64B | $1.68B | $1.69B | $1.70B |
| Key figures | ||||||||||||
| Total debt | $3.04B | $3.15B | $3.24B | $3.47B | $3.45B | $3.58B | $3.72B | $3.84B | $3.55B | $3.63B | $3.68B | $3.59B |
| Net cash (debt) | −$3.00B | −$3.11B | −$3.18B | −$3.43B | −$3.41B | −$3.53B | −$3.67B | −$3.80B | −$3.51B | −$3.59B | −$3.65B | −$3.56B |
| Working capital | $700.0M | $802.0M | $809.0M | $969.0M | $821.0M | $1.00B | $1.09B | $1.21B | $1.04B | $1.19B | $1.25B | $1.38B |
| Tangible book value | $1.09B | $1.05B | $990.0M | $970.0M | $956.0M | $1.01B | $995.0M | $975.0M | $973.0M | $993.0M | $987.0M | $977.0M |
| Book value per share | $25.77 | $25.49 | $24.74 | $25.49 | $25.59 | $26.86 | $26.99 | $27.27 | $27.58 | $28.30 | $28.48 | $28.94 |
| Shares outstanding | 62.9M | 62.7M | 62.7M | 60.7M | 60.6M | 60.5M | 60.2M | 59.6M | 59.5M | 59.4M | 59.4M | 58.7M |
| Current ratio | 1.29 | 1.33 | 1.33 | 1.38 | 1.32 | 1.41 | 1.45 | 1.48 | 1.44 | 1.51 | 1.53 | 1.54 |
| Quick ratio | 0.39 | 0.42 | 0.43 | 0.42 | 0.44 | 0.43 | 0.45 | 0.45 | 0.42 | 0.44 | 0.44 | 0.41 |
| Debt / equity | 1.87 | 1.97 | 2.09 | 2.24 | 2.23 | 2.20 | 2.29 | 2.36 | 2.16 | 2.16 | 2.17 | 2.11 |
| Equity / assets | 22.8% | 22.2% | 21.4% | 20.5% | 20.4% | 21.3% | 21.0% | 20.4% | 21.8% | 22.2% | 22.1% | 21.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed September 14, 2026); data from EODHD.
UNFI financial position
At the end of fiscal 2026 (July 31, 2026), United Natural Foods had total assets of $7.1 billion (down 6.4% from a year earlier), total liabilities of $5.5 billion and shareholders' equity of $1.6 billion. It held $37.0 million in cash and short-term investments against $3.0 billion of debt, net debt of $3.0 billion. Its current ratio was 1.29.
Related: UNFI income statement, UNFI cash flow statement, UNFI key metrics. See the UNFI stock overview for the latest quote and news.
UNFI balance sheet FAQ
What are United Natural Foods's total assets?
United Natural Foods reported total assets of $7.1 billion at the end of fiscal 2026 (July 31, 2026), compared with $7.6 billion a year earlier.
How much debt does United Natural Foods have?
United Natural Foods had $3.0 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.87.
How much cash does United Natural Foods have?
United Natural Foods held $37.0 million in cash and short-term investments at the end of fiscal 2026; with $3.0 billion of debt that is net debt of $3.0 billion.
What is United Natural Foods's book value?
United Natural Foods's shareholders' equity (book value) was $1.6 billion at the end of fiscal 2026, or $25.81 per share.
What is United Natural Foods's current ratio?
United Natural Foods had current assets of $3.1 billion and current liabilities of $2.4 billion, a current ratio of 1.29 (it can cover its short-term obligations).
How much goodwill does United Natural Foods have?
United Natural Foods carried $528.0 million of goodwill and intangible assets, 7.4% of total assets, at the end of fiscal 2026.