United States Lime & Minerals, Inc. (USLM) Balance Sheet
USLM balance sheet, 2025
December 31, 2025 · U.S. dollars$681.0M assets = $50.3M liabilities + $630.8M equity
Both columns are drawn to the same scale: what USLM owns equals what it owes plus shareholders’ equity. Hover a block for its value.
USLM financial health
Descriptive bands, not a rating. Fiscal 2025.
USLM balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $210.2M2016 | $681.0M2025 | +14.0%/yr | |
| Total liabilities | $30.5M2016 | $50.3M2025 | +5.7%/yr | |
| Shareholders’ equity | $179.6M2016 | $630.8M2025 | +15.0%/yr | |
| Cash & short-term investments | $74.7M2016 | $371.1M2025 | +19.5%/yr | |
| Total debt | $3.2M2019 | $4.0M2025 | +4.1%/yr | |
| Net cash (debt) | $51.1M2019 | $367.1M2025 | +$316.0M | |
| Working capital | $95.9M2016 | $431.7M2025 | +$335.8M | |
| Book value per share | $6.452016 | $21.952025 | +14.6%/yr | |
| Debt / equity | 0.012019 | 0.012025 | −0.01 | |
| Shares outstanding | 27.9M2016 | 28.7M2025 | +0.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
USLM assets
USLM liabilities and equity
USLM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
USLM balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $371.1M | $278.0M | $188.0M | $133.4M | $105.4M | $83.6M | $54.3M | $67.2M | $85.0M | $74.7M |
| Cash & equivalents | $371.1M | $278.0M | $188.0M | $133.4M | $105.4M | $83.6M | $54.3M | $67.2M | $85.0M | $74.7M |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $0 |
| Receivables | $47.9M | $44.0M | $38.1M | $33.6M | $26.7M | $23.0M | $23.4M | $19.6M | $16.5M | $16.8M |
| Inventory | $30.9M | $27.7M | $24.3M | $19.6M | $15.1M | $15.2M | $13.4M | $12.8M | $13.5M | $12.4M |
| Other current assets | $5.4M | $5.1M | $4.6M | $3.4M | $3.2M | $2.2M | $1.7M | $1.7M | $3.0M | $1.1M |
| Total current assets | $455.3M | $354.8M | $255.0M | $190.0M | $150.4M | $124.0M | $92.7M | $101.4M | $118.0M | $105.0M |
| Property, plant & equipment (net) | $225.3M | $187.7M | $185.1M | $177.3M | $165.3M | $154.7M | $153.9M | $142.8M | $109.7M | $105.0M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $443,000 | $635,000 | $565,000 | $440,000 | $450,000 | $1.2M | $1.9M | $549,000 | $713,000 | $142,000 |
| Total assets | $681.0M | $543.2M | $440.6M | $367.8M | $316.2M | $279.9M | $248.5M | $244.7M | $228.4M | $210.2M |
| Liabilities | ||||||||||
| Accounts payable | $14.5M | $8.8M | $7.4M | $7.7M | $5.4M | $4.6M | $4.4M | $4.6M | $6.3M | $5.6M |
| Short-term debt | $1.6M | $1.6M | $1.6M | $1.4M | $899,000 | $1.2M | $1.3M | — | — | — |
| Deferred revenue | — | — | −$9.0M | — | — | — | — | — | — | — |
| Total current liabilities | $23.6M | $17.0M | $17.5M | $15.5M | $11.2M | $11.6M | $9.5M | $8.0M | $9.4M | $9.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $4.0M | $5.0M | $5.5M | $5.5M | $3.2M | $2.2M | $3.2M | — | — | — |
| Other long-term liabilities | $26.7M | $28.5M | $30.0M | $31.1M | $26.8M | $25.1M | $21.9M | $13.7M | $13.8M | $21.4M |
| Total liabilities | $50.3M | $45.4M | $47.5M | $46.7M | $38.0M | $36.7M | $31.4M | $21.7M | $23.2M | $30.5M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $3.0M | $3.0M | $674,000 | $671,000 | $669,000 | $666,000 | $663,000 | $661,000 | $659,000 | $657,000 |
| Retained earnings (deficit) | $643.0M | $515.6M | $412.5M | $342.5M | $301.6M | $268.2M | $243.6M | $250.6M | $233.9M | $209.8M |
| Treasury stock | — | — | — | — | — | — | −$54.6M | −$54.1M | −$53.7M | −$53.4M |
| Accumulated other comprehensive income | — | — | $0 | $0 | $0 | $0 | −$1,000 | −$13,000 | $86,000 | −$223,000 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $630.8M | $497.7M | $393.1M | $321.1M | $278.2M | $243.2M | $217.1M | $223.0M | $205.3M | $179.6M |
| Key figures | ||||||||||
| Total debt | $4.0M | $5.0M | $5.5M | $5.5M | $3.2M | $2.2M | $3.2M | — | — | — |
| Net cash (debt) | $367.1M | $273.0M | $182.5M | $127.8M | $102.1M | $81.3M | $51.1M | — | — | — |
| Working capital | $431.7M | $337.8M | $237.5M | $174.5M | $139.2M | $112.4M | $83.3M | $93.4M | $108.7M | $95.9M |
| Tangible book value | $630.8M | $497.7M | $393.1M | $321.1M | $278.2M | $243.2M | $217.1M | $223.0M | $205.3M | $179.6M |
| Book value per share | $21.95 | $17.35 | $13.78 | $11.31 | $9.82 | $8.62 | $7.73 | $7.96 | $7.35 | $6.45 |
| Shares outstanding | 28.7M | 28.7M | 28.5M | 28.4M | 28.3M | 28.2M | 28.1M | 28.0M | 27.9M | 27.9M |
| Current ratio | 19.27 | 20.92 | 14.58 | 12.23 | 13.45 | 10.70 | 9.80 | 12.73 | 12.61 | 11.53 |
| Quick ratio | 17.73 | 18.98 | 12.92 | 10.75 | 11.80 | 9.19 | 8.21 | 10.90 | 10.84 | 10.05 |
| Debt / equity | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | — | — | — |
| Equity / assets | 92.6% | 91.6% | 89.2% | 87.3% | 88.0% | 86.9% | 87.4% | 91.1% | 89.8% | 85.5% |
| 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 | $402.6M | $383.2M | $371.1M | $349.5M | $319.9M | $300.6M | $278.0M | $255.0M | $222.5M | $207.0M | $188.0M | $176.3M |
| Cash & equivalents | $402.6M | $383.2M | $371.1M | $349.5M | $319.9M | $300.6M | $278.0M | $255.0M | $222.5M | $207.0M | $188.0M | $176.3M |
| Receivables | $61.0M | $58.1M | $47.9M | $59.3M | $54.4M | $55.8M | $44.0M | $52.9M | $46.3M | $42.2M | $38.1M | $44.1M |
| Inventory | $32.0M | $30.6M | $30.9M | $28.7M | $25.6M | $27.9M | $27.7M | $27.8M | $27.3M | $25.7M | $24.3M | $23.8M |
| Other current assets | $4.7M | $4.4M | $5.4M | $2.8M | $3.5M | $4.1M | $5.1M | $2.7M | $3.5M | $4.0M | $4.6M | $2.2M |
| Total current assets | $500.4M | $476.3M | $455.3M | $440.3M | $403.4M | $388.3M | $354.8M | $338.5M | $299.6M | $278.9M | $255.0M | $246.4M |
| Property, plant & equipment (net) | $245.0M | $235.6M | $225.3M | $212.1M | $203.5M | $196.5M | $187.7M | $182.8M | $182.5M | $184.6M | $185.1M | $177.1M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.9M | $2.0M | $443,000 | $453,000 | $458,000 | $465,000 | $635,000 | $546,000 | $2.1M | $548,000 | $2.3M | $590,000 |
| Total assets | $747.4M | $713.8M | $681.0M | $652.8M | $607.4M | $585.3M | $543.2M | $521.8M | $484.2M | $464.0M | $442.3M | $424.1M |
| Liabilities | ||||||||||||
| Accounts payable | $10.5M | $11.7M | $14.5M | $11.9M | $11.1M | $9.2M | $8.8M | $8.5M | $7.2M | $7.0M | $7.4M | $8.1M |
| Short-term debt | $1.6M | $1.6M | $1.6M | $1.6M | $1.6M | $1.6M | $1.6M | $1.5M | $1.5M | $1.5M | $1.6M | $1.5M |
| Deferred revenue | — | — | — | — | — | — | — | — | −$8.7M | −$8.5M | −$9.0M | — |
| Total current liabilities | $18.2M | $23.0M | $23.6M | $23.1M | $18.5M | $25.4M | $17.0M | $18.7M | $14.1M | $19.2M | $17.5M | $16.0M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $3.2M | $3.6M | $4.0M | $4.3M | $4.5M | $4.8M | $5.0M | $5.2M | $4.8M | $5.1M | $5.5M | $5.2M |
| Other long-term liabilities | $33.5M | $29.7M | $26.7M | $27.4M | $25.6M | $27.7M | $28.5M | $28.8M | $29.0M | $29.4M | $31.8M | $30.4M |
| Total liabilities | $51.6M | $52.7M | $50.3M | $50.5M | $44.1M | $53.0M | $45.4M | $47.5M | $43.1M | $48.7M | $49.2M | $46.4M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $674,000 | $674,000 | $672,000 |
| Retained earnings (deficit) | $704.7M | $671.9M | $643.0M | $614.2M | $577.1M | $548.0M | $515.6M | $490.1M | $458.1M | $433.5M | $412.5M | $396.6M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 |
| Total shareholders' equity | $695.7M | $661.2M | $630.8M | $602.3M | $563.3M | $532.2M | $497.7M | $474.2M | $441.1M | $415.3M | $393.1M | $377.6M |
| Key figures | ||||||||||||
| Total debt | $3.2M | $3.6M | $4.0M | $4.3M | $4.5M | $4.8M | $5.0M | $5.2M | $4.8M | $5.1M | $5.5M | $5.2M |
| Net cash (debt) | $399.4M | $379.5M | $367.1M | $345.2M | $315.4M | $295.8M | $273.0M | $249.9M | $217.7M | $201.9M | $182.5M | $171.1M |
| Working capital | $482.3M | $453.3M | $431.7M | $417.1M | $384.9M | $362.9M | $337.8M | $319.8M | $285.5M | $259.6M | $237.5M | $230.4M |
| Tangible book value | $695.7M | $661.2M | $630.8M | $602.3M | $563.3M | $532.2M | $497.7M | $474.2M | $441.1M | $415.3M | $393.1M | $377.6M |
| Book value per share | $24.18 | $22.98 | $21.95 | $20.96 | $19.61 | $18.53 | $17.34 | $16.52 | $15.37 | $14.51 | $13.76 | $13.22 |
| Shares outstanding | 28.8M | 28.8M | 28.7M | 28.7M | 28.7M | 28.7M | 28.7M | 28.7M | 28.7M | 28.6M | 28.6M | 28.6M |
| Current ratio | 27.54 | 20.73 | 19.27 | 19.02 | 21.75 | 15.29 | 20.92 | 18.10 | 21.29 | 14.49 | 14.58 | 15.40 |
| Quick ratio | 25.52 | 19.21 | 17.73 | 17.66 | 20.18 | 14.04 | 18.98 | 16.47 | 19.10 | 12.95 | 12.92 | 13.77 |
| Debt / equity | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Equity / assets | 93.1% | 92.6% | 92.6% | 92.3% | 92.7% | 90.9% | 91.6% | 90.9% | 91.1% | 89.5% | 88.9% | 89.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
USLM financial position
At the end of fiscal 2025 (December 31, 2025), United States Lime & Minerals had total assets of $681.0 million (up 25.4% from a year earlier), total liabilities of $50.3 million and shareholders' equity of $630.8 million. It held $371.1 million in cash and short-term investments against $4.0 million of debt, a net cash position of $367.1 million. Its current ratio was 19.27. In the latest quarter (ended June 30, 2026) total assets were $747.4 million and equity $695.7 million.
Related: USLM income statement, USLM cash flow statement, USLM key metrics. See the USLM stock overview for the latest quote and news.
USLM balance sheet FAQ
What are United States Lime & Minerals's total assets?
United States Lime & Minerals reported total assets of $681.0 million at the end of fiscal 2025 (December 31, 2025), compared with $543.2 million a year earlier.
How much debt does United States Lime & Minerals have?
United States Lime & Minerals had $4.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.01.
How much cash does United States Lime & Minerals have?
United States Lime & Minerals held $371.1 million in cash and short-term investments at the end of fiscal 2025; with $4.0 million of debt that is net cash of $367.1 million.
What is United States Lime & Minerals's book value?
United States Lime & Minerals's shareholders' equity (book value) was $630.8 million at the end of fiscal 2025, or $21.95 per share.
What is United States Lime & Minerals's current ratio?
United States Lime & Minerals had current assets of $455.3 million and current liabilities of $23.6 million, a current ratio of 19.27 (it can cover its short-term obligations).