Veralto Corporation (VLTO) Balance Sheet

NYSE: VLTOAssets, liabilities, debt and equity over 5 years.

VLTO balance sheet, 2025

December 31, 2025 · U.S. dollars

$7.69B assets = $4.59B liabilities + $3.11B equity

Both columns are drawn to the same scale: what VLTO owns equals what it owes plus shareholders’ equity. Hover a block for its value.

VLTO financial health

Current ratio1.67

Comfortable · current assets cover current liabilities 1.67×

Debt / equity0.86

Moderate leverage · $0.86 of debt for each $1 of equity

Equity / assets40.4%

Equity-funded · of assets funded by shareholders

Cash / debt76.0%

Partial cover · cash & short-term investments vs total debt

Goodwill & intangibles43.7%

Acquisition-heavy · of total assets

Descriptive bands, not a rating. Fiscal 2025.

VLTO balance sheet trends, 2021–2025

Veralto Corporation balance sheet trends
Metric	Then	Latest	Change
Total assets	$4.84B2021	$7.69B2025	+12.3%/yr
Total liabilities	$1.64B2021	$4.59B2025	+29.3%/yr
Shareholders’ equity	$3.20B2021	$3.10B2025	−0.8%/yr
Cash & short-term investments	−$135.0M2021	$2.03B2025	—
Total debt	$135.0M2021	$2.67B2025	+110.9%/yr
Net cash (debt)	−$270.0M2021	−$642.0M2025	−$372.0M
Working capital	$84.0M2021	$1.38B2025	+$1.3B
Book value per share	$13.012021	$12.412025	−1.2%/yr
Current ratio	1.072021	1.672025	+0.59
Debt / equity	0.042021	0.862025	+0.82
Shares outstanding	246.1M2021	250.3M2025	+0.4%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

VLTO assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

VLTO liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

VLTO debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

VLTO balance sheet

Veralto Corporation annual balance sheet
	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	$2.03B	$1.10B	$762.0M	−$123.0M	−$135.0M
Cash & equivalents	$2.03B	$1.10B	$762.0M	−$123.0M	−$135.0M
Receivables	$897.0M	$812.0M	$826.0M	$816.0M	$757.0M
Inventory	$307.0M	$288.0M	$297.0M	$345.0M	$322.0M
Other current assets	$197.0M	$186.0M	$188.0M	$242.0M	$261.0M
Total current assets	$3.43B	$2.39B	$2.07B	$1.28B	$1.21B
Property, plant & equipment (net)	$294.0M	$268.0M	$262.0M	$247.0M	$260.0M
Goodwill & intangible assets	$3.36B	$3.23B	$2.96B	$2.96B	$3.04B
Long-term investments	$0	$0	$0	$0	$0
Other non-current assets	$605.0M	$523.0M	$398.0M	$343.0M	$340.0M
Total assets	$7.69B	$6.41B	$5.69B	$4.83B	$4.84B
Liabilities
Accounts payable	$416.0M	$395.0M	$431.0M	$440.0M	$464.0M
Short-term debt	$700.0M	$39.0M	$33.0M	$32.0M	$34.0M
Deferred revenue	—	$237.0M	$208.0M	$192.0M	$175.0M
Total current liabilities	$2.06B	$1.25B	$1.26B	$1.12B	$1.12B
Long-term debt	$1.97B	$2.60B	$2.63B	$0	$0
Lease obligations	$206.0M	$168.0M	$148.0M	$123.0M	$135.0M
Other long-term liabilities	$558.0M	$517.0M	$410.0M	$462.0M	$518.0M
Total liabilities	$4.59B	$4.36B	$4.30B	$1.58B	$1.64B
Shareholders' equity
Common stock & paid-in capital	$2.0M	$2.0M	$2.0M	$4.19B	$4.08B
Retained earnings (deficit)	$1.74B	$917.0M	$178.0M	$0	—
Accumulated other comprehensive income	−$913.0M	−$1.07B	−$954.0M	−$954.0M	−$887.0M
Minority interest	$1.0M	$7.0M	$6.0M	—	—
Total shareholders' equity	$3.10B	$2.04B	$1.38B	$3.24B	$3.20B
Key figures
Total debt	$2.67B	$2.77B	$2.78B	$123.0M	$135.0M
Net cash (debt)	−$642.0M	−$1.67B	−$2.02B	−$246.0M	−$270.0M
Working capital	$1.38B	$1.14B	$808.0M	$157.0M	$84.0M
Tangible book value	−$257.0M	−$1.19B	−$1.58B	$285.0M	$166.0M
Book value per share	$12.41	$8.17	$5.61	$13.17	$13.01
Shares outstanding	250.3M	249.6M	246.4M	246.1M	246.1M
Current ratio	1.67	1.92	1.64	1.14	1.07
Quick ratio	1.42	1.54	1.26	0.62	0.55
Debt / equity	0.86	1.36	2.01	0.04	0.04
Equity / assets	40.4%	31.8%	24.3%	67.2%	66.1%

Veralto Corporation quarterly balance sheet
	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	$2.12B	$1.43B	$2.03B	$1.77B	$1.56B	$1.24B	$1.10B	$1.27B	$1.04B	$827.0M	$762.0M	$426.0M
Cash & equivalents	$2.12B	$1.43B	$2.03B	$1.77B	$1.56B	$1.24B	$1.10B	$1.27B	$1.04B	$827.0M	$762.0M	$426.0M
Receivables	$921.0M	$922.0M	$897.0M	$875.0M	$878.0M	$832.0M	$812.0M	$839.0M	$803.0M	$815.0M	$826.0M	$816.0M
Inventory	$336.0M	$332.0M	$307.0M	$340.0M	$329.0M	$310.0M	$288.0M	$326.0M	$312.0M	$308.0M	$297.0M	$316.0M
Other current assets	$276.0M	$259.0M	$197.0M	$205.0M	$187.0M	$177.0M	$186.0M	$185.0M	$175.0M	$167.0M	$188.0M	$102.0M
Total current assets	$3.65B	$2.94B	$3.43B	$3.19B	$2.95B	$2.56B	$2.39B	$2.62B	$2.33B	$2.12B	$2.07B	$1.66B
Property, plant & equipment (net)	$298.0M	$297.0M	$294.0M	$285.0M	$284.0M	$274.0M	$268.0M	$261.0M	$263.0M	$264.0M	$262.0M	$248.0M
Goodwill & intangible assets	$4.00B	$3.79B	$3.36B	$3.35B	$3.37B	$3.27B	$3.23B	$2.94B	$2.89B	$2.91B	$2.96B	$2.91B
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$613.0M	$620.0M	$605.0M	$596.0M	$560.0M	$544.0M	$523.0M	$445.0M	$416.0M	$415.0M	$398.0M	$339.0M
Total assets	$8.56B	$7.65B	$7.69B	$7.43B	$7.17B	$6.64B	$6.41B	$6.26B	$5.90B	$5.71B	$5.69B	$5.16B
Liabilities
Accounts payable	$425.0M	$426.0M	$416.0M	$400.0M	$411.0M	$407.0M	$395.0M	$424.0M	$397.0M	$402.0M	$431.0M	$354.0M
Short-term debt	$700.0M	$700.0M	$700.0M	$700.0M	—	—	$39.0M	—	—	$166.0M	$33.0M	—
Deferred revenue	—	—	—	—	—	—	$237.0M	—	—	$239.0M	$208.0M	—
Total current liabilities	$2.06B	$1.98B	$2.06B	$2.04B	$1.27B	$1.17B	$1.25B	$1.23B	$1.19B	$1.16B	$1.26B	$1.03B
Long-term debt	$2.68B	$1.96B	$1.97B	$1.97B	$2.67B	$2.63B	$2.60B	$2.64B	$2.62B	$2.62B	$2.63B	$2.60B
Lease obligations	—	—	$206.0M	—	—	—	$168.0M	—	—	—	$148.0M	—
Other long-term liabilities	$725.0M	$702.0M	$558.0M	$573.0M	$563.0M	$536.0M	$517.0M	$438.0M	$426.0M	$446.0M	$410.0M	$479.0M
Total liabilities	$5.46B	$4.65B	$4.59B	$4.58B	$4.51B	$4.34B	$4.36B	$4.30B	$4.23B	$4.22B	$4.30B	$4.12B
Shareholders' equity
Common stock & paid-in capital	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M
Retained earnings (deficit)	$2.17B	$1.97B	$1.74B	$1.52B	$1.31B	$1.11B	$917.0M	$717.0M	$521.0M	$340.0M	$178.0M	—
Accumulated other comprehensive income	−$960.0M	−$948.0M	−$913.0M	−$932.0M	−$892.0M	−$1.01B	−$1.07B	−$938.0M	−$1.01B	−$981.0M	−$954.0M	−$985.0M
Minority interest	$1.0M	$1.0M	$1.0M	$1.0M	$8.0M	—	—	—	—	—	—	—
Total shareholders' equity	$3.10B	$3.00B	$3.10B	$2.85B	$2.65B	$2.30B	$2.04B	$1.95B	$1.67B	$1.48B	$1.38B	$1.04B
Key figures
Total debt	$3.38B	$2.66B	$2.67B	$2.67B	$2.67B	$2.63B	$2.77B	$2.64B	$2.62B	$2.62B	$2.78B	$2.60B
Net cash (debt)	−$1.26B	−$1.23B	−$642.0M	−$897.0M	−$1.11B	−$1.39B	−$1.67B	−$1.37B	−$1.57B	−$1.79B	−$2.02B	−$2.18B
Working capital	$1.59B	$960.0M	$1.38B	$1.16B	$1.68B	$1.39B	$1.14B	$1.39B	$1.14B	$961.0M	$808.0M	$626.0M
Tangible book value	−$898.0M	−$787.0M	−$257.0M	−$506.0M	−$721.0M	−$967.0M	−$1.19B	−$986.0M	−$1.23B	−$1.43B	−$1.58B	−$1.88B
Book value per share	$12.60	$12.06	$12.40	$11.36	$10.62	$9.20	$8.14	$7.82	$6.68	$5.96	$5.61	$4.21
Shares outstanding	245.8M	249.2M	250.5M	250.6M	249.9M	250.1M	250.3M	250.0M	249.3M	248.8M	246.4M	246.3M
Current ratio	1.78	1.48	1.67	1.57	2.32	2.19	1.92	2.13	1.96	1.83	1.64	1.61
Quick ratio	1.48	1.19	1.42	1.30	1.91	1.77	1.54	1.72	1.55	1.42	1.26	1.20
Debt / equity	1.09	0.89	0.86	0.94	1.01	1.14	1.36	1.35	1.57	1.77	2.01	2.51
Equity / assets	36.2%	39.3%	40.4%	38.3%	37.0%	34.6%	31.8%	31.2%	28.2%	26.0%	24.3%	20.1%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 20, 2026); data from EODHD.

VLTO financial position

At the end of fiscal 2025 (December 31, 2025), Veralto had total assets of $7.7 billion (up 20.1% from a year earlier), total liabilities of $4.6 billion and shareholders' equity of $3.1 billion. It held $2.0 billion in cash and short-term investments against $2.7 billion of debt, net debt of $642.0 million. Its current ratio was 1.67. In the latest quarter (ended June 30, 2026) total assets were $8.6 billion and equity $3.1 billion.

Related: VLTO income statement, VLTO cash flow statement, VLTO key metrics. See the VLTO stock overview for the latest quote and news.

VLTO balance sheet FAQ

What are Veralto's total assets?

Veralto reported total assets of $7.7 billion at the end of fiscal 2025 (December 31, 2025), compared with $6.4 billion a year earlier.

How much debt does Veralto have?

Veralto had $2.7 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.86.

How much cash does Veralto have?

Veralto held $2.0 billion in cash and short-term investments at the end of fiscal 2025; with $2.7 billion of debt that is net debt of $642.0 million.

What is Veralto's book value?

Veralto's shareholders' equity (book value) was $3.1 billion at the end of fiscal 2025, or $12.41 per share.

What is Veralto's current ratio?

Veralto had current assets of $3.4 billion and current liabilities of $2.1 billion, a current ratio of 1.67 (it can cover its short-term obligations).

How much goodwill does Veralto have?

Veralto carried $3.4 billion of goodwill and intangible assets, 43.7% of total assets, at the end of fiscal 2025.