Vishay Intertechnology, Inc. (VSH) Balance Sheet
VSH balance sheet, 2025
December 31, 2025 · U.S. dollars$4.23B assets = $2.15B liabilities + $2.09B equity
Both columns are drawn to the same scale: what VSH owns equals what it owes plus shareholders’ equity. Hover a block for its value.
VSH financial health
Descriptive bands, not a rating. Fiscal 2025.
VSH balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $3.08B2016 | $4.23B2025 | +3.6%/yr | |
| Total liabilities | $1.42B2016 | $2.15B2025 | +4.7%/yr | |
| Shareholders’ equity | $1.65B2016 | $2.09B2025 | +2.6%/yr | |
| Cash & short-term investments | $1.10B2016 | $515.2M2025 | −8.1%/yr | |
| Total debt | $357.0M2016 | $1.17B2025 | +14.1%/yr | |
| Net cash (debt) | $741.4M2016 | −$653.8M2025 | −$1.4B | |
| Working capital | $1.41B2016 | $1.17B2025 | −$240.8M | |
| Book value per share | $10.982016 | $15.382025 | +3.8%/yr | |
| Current ratio | 4.082016 | 2.622025 | −1.46 | |
| Debt / equity | 0.222016 | 0.562025 | +0.34 | |
| Shares outstanding | 150.7M2016 | 135.7M2025 | −1.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
VSH assets
VSH liabilities and equity
VSH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
VSH balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $515.2M | $606.4M | $1.01B | $916.1M | $920.9M | $778.4M | $803.0M | $764.3M | $1.30B | $1.10B |
| Cash & equivalents | $515.0M | $590.3M | $972.7M | $610.8M | $774.1M | $619.9M | $694.1M | $686.0M | $748.0M | $471.8M |
| Short-term investments | $265,000 | $16.1M | $35.8M | $305.3M | $146.7M | $158.5M | $108.8M | $78.3M | $547.1M | $626.6M |
| Receivables | $381.8M | $401.9M | $426.7M | $416.2M | $396.5M | $338.6M | $328.2M | $397.0M | $340.0M | $274.0M |
| Inventory | $759.2M | $689.4M | $647.5M | $618.9M | $536.5M | $448.3M | $431.7M | $479.7M | $436.8M | $381.2M |
| Other current assets | $231.0M | $217.8M | $214.4M | $170.1M | $156.7M | $132.1M | $141.3M | $142.9M | $120.3M | $110.8M |
| Total current assets | $1.89B | $1.92B | $2.30B | $2.12B | $2.01B | $1.70B | $1.70B | $1.78B | $2.19B | $1.86B |
| Property, plant & equipment (net) | $1.79B | $1.66B | $1.42B | $1.26B | $1.10B | $1.05B | $1.04B | $969.0M | $905.8M | $848.9M |
| Goodwill & intangible assets | $258.9M | $266.2M | $273.7M | $279.3M | $233.0M | $225.0M | $211.3M | $213.2M | $212.5M | $225.9M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $295.1M | $265.3M | $247.5M | $203.5M | $202.7M | $186.6M | $160.7M | $140.1M | $148.6M | $138.6M |
| Total assets | $4.23B | $4.11B | $4.24B | $3.87B | $3.54B | $3.15B | $3.12B | $3.11B | $3.46B | $3.08B |
| Liabilities | ||||||||||
| Accounts payable | $215.0M | $216.3M | $191.0M | $189.1M | $254.0M | $196.2M | $173.9M | $218.3M | $222.4M | $174.1M |
| Short-term debt | $26.5M | $25.9M | $26.5M | $25.3M | $23.4M | $22.1M | $20.2M | $18,000 | $4,000 | $3,000 |
| Deferred revenue | — | — | $73.1M | $117.2M | — | $1.9M | $746,000 | $45.5M | — | — |
| Total current liabilities | $720.4M | $708.3M | $691.9M | $726.3M | $693.7M | $562.4M | $520.4M | $644.1M | $564.3M | $456.9M |
| Long-term debt | $950.9M | $905.0M | $818.2M | $500.9M | $455.7M | $394.9M | $499.1M | $494.5M | $370.5M | $357.0M |
| Lease obligations | $122.3M | $120.1M | $129.3M | $133.8M | $123.4M | $108.3M | $98.7M | — | — | — |
| Other long-term liabilities | $474.6M | $468.4M | $529.1M | $588.3M | $647.2M | $618.0M | $613.3M | $580.9M | $842.1M | $604.3M |
| Total liabilities | $2.15B | $2.08B | $2.04B | $1.82B | $1.80B | $1.58B | $1.63B | $1.72B | $1.78B | $1.42B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $13.6M | $14.6M | $14.5M | $14.5M | $14.5M | $14.5M | $14.4M | $14.4M | $1.97B | $2.07B |
| Retained earnings (deficit) | $892.2M | $955.5M | $1.04B | $773.2M | $401.7M | $139.0M | $72.2M | −$61.3M | −$364.5M | −$307.4M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | $81.4M | −$35.3M | $10.3M | −$10.8M | −$20.3M | $13.6M | −$26.6M | −$6.8M | $25.7M | −$94.7M |
| Minority interest | $0 | $0 | $4.7M | $3.9M | $3.0M | $2.8M | $2.5M | $2.3M | $2.0M | $5.4M |
| Total shareholders' equity | $2.09B | $2.03B | $2.20B | $2.05B | $1.74B | $1.58B | $1.49B | $1.38B | $1.68B | $1.65B |
| Key figures | ||||||||||
| Total debt | $1.17B | $1.03B | $947.5M | $634.7M | $579.0M | $503.2M | $597.9M | $494.5M | $370.5M | $357.0M |
| Net cash (debt) | −$653.8M | −$418.7M | $61.0M | $281.3M | $341.8M | $275.2M | $205.1M | $269.8M | $924.7M | $741.4M |
| Working capital | $1.17B | $1.21B | $1.61B | $1.39B | $1.32B | $1.13B | $1.18B | $1.14B | $1.63B | $1.41B |
| Tangible book value | $1.83B | $1.76B | $1.92B | $1.77B | $1.51B | $1.35B | $1.27B | $1.17B | $1.47B | $1.43B |
| Book value per share | $15.38 | $14.81 | $15.66 | $14.22 | $11.98 | $10.85 | $10.23 | $8.95 | $11.54 | $10.98 |
| Shares outstanding | 135.7M | 137.0M | 140.2M | 143.9M | 145.5M | 145.2M | 145.1M | 154.6M | 145.6M | 150.7M |
| Current ratio | 2.62 | 2.70 | 3.32 | 2.92 | 2.90 | 3.02 | 3.27 | 2.77 | 3.88 | 4.08 |
| Quick ratio | 1.25 | 1.42 | 2.07 | 1.83 | 1.90 | 1.99 | 2.17 | 1.80 | 2.90 | 3.00 |
| Debt / equity | 0.56 | 0.51 | 0.43 | 0.31 | 0.33 | 0.32 | 0.40 | 0.36 | 0.22 | 0.22 |
| Equity / assets | 49.3% | 49.4% | 51.8% | 52.9% | 49.2% | 50.0% | 47.6% | 44.6% | 48.6% | 53.7% |
| 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 | $1.30B | $479.5M | $515.2M | $444.1M | $479.1M | $619.6M | $606.4M | $657.3M | $688.1M | $834.0M | $1.01B | $1.17B |
| Cash & equivalents | $1.30B | $479.4M | $515.0M | $443.9M | $473.9M | $609.4M | $590.3M | $643.8M | $672.7M | $796.5M | $972.7M | $1.10B |
| Short-term investments | $5.3M | $191,000 | $265,000 | $266,000 | $5.2M | $10.2M | $16.1M | $13.5M | $15.3M | $37.4M | $35.8M | $79.0M |
| Receivables | $393.4M | $369.2M | $381.8M | $463.6M | $461.8M | $427.6M | $401.9M | $428.6M | $424.5M | $411.2M | $426.7M | $442.6M |
| Inventory | $807.1M | $790.8M | $759.2M | $759.9M | $754.9M | $712.4M | $689.4M | $687.2M | $671.3M | $665.8M | $647.5M | $643.5M |
| Other current assets | $221.8M | $237.4M | $231.0M | $227.3M | $216.3M | $215.9M | $217.8M | $237.7M | $213.3M | $232.1M | $214.4M | $179.8M |
| Total current assets | $2.72B | $1.88B | $1.89B | $1.89B | $1.91B | $1.98B | $1.92B | $2.01B | $2.00B | $2.14B | $2.30B | $2.44B |
| Property, plant & equipment (net) | $1.87B | $1.84B | $1.79B | $1.75B | $1.75B | $1.69B | $1.66B | $1.60B | $1.58B | $1.57B | $1.42B | $1.31B |
| Goodwill & intangible assets | $251.3M | $254.6M | $258.9M | $262.3M | $266.5M | $265.4M | $266.2M | $338.8M | $337.5M | $312.3M | $273.7M | $273.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $307.9M | $294.1M | $295.1M | $286.6M | $289.9M | $267.3M | $265.3M | $266.1M | $235.6M | $235.7M | $247.5M | $219.9M |
| Total assets | $5.16B | $4.26B | $4.23B | $4.20B | $4.22B | $4.20B | $4.11B | $4.22B | $4.15B | $4.26B | $4.24B | $4.24B |
| Liabilities | ||||||||||||
| Accounts payable | $237.5M | $239.0M | $215.0M | $213.2M | $224.3M | $211.4M | $216.3M | $209.9M | $198.5M | $197.5M | $191.0M | $207.4M |
| Short-term debt | $766.0M | $26.2M | $26.5M | $26.3M | $27.0M | $26.2M | $25.9M | $27.6M | $27.5M | $27.8M | $26.5M | $26.1M |
| Deferred revenue | — | — | — | — | — | — | — | $51.1M | $49.5M | $72.0M | $73.1M | — |
| Total current liabilities | $1.51B | $712.2M | $720.4M | $710.7M | $707.3M | $705.4M | $708.3M | $714.4M | $670.0M | $709.3M | $691.9M | $716.9M |
| Long-term debt | $234.5M | $983.1M | $950.9M | $919.7M | $914.5M | $988.2M | $905.0M | $820.8M | $820.6M | $819.4M | $818.2M | $817.3M |
| Lease obligations | $124.8M | $118.6M | $122.3M | $122.4M | $126.0M | $119.3M | $120.1M | $128.6M | $126.4M | $131.4M | $129.3M | $129.3M |
| Other long-term liabilities | $497.0M | $491.4M | $474.6M | $482.5M | $504.9M | $474.5M | $468.4M | $511.6M | $480.7M | $548.1M | $529.1M | $564.5M |
| Total liabilities | $2.24B | $2.19B | $2.15B | $2.11B | $2.13B | $2.17B | $2.08B | $2.05B | $1.97B | $2.08B | $2.04B | $2.10B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $15.3M | $13.6M | $13.6M | $14.6M | $14.6M | $14.6M | $14.6M | $14.6M | $14.6M | $14.6M | $14.5M | $14.5M |
| Retained earnings (deficit) | $900.3M | $885.8M | $892.2M | $904.8M | $926.3M | $937.8M | $955.5M | $1.04B | $1.07B | $1.06B | $1.04B | $1.00B |
| Accumulated other comprehensive income | $51.7M | $67.0M | $81.4M | $68.3M | $64.6M | −$4.1M | −$35.3M | $14.8M | −$17.0M | −$9.7M | $10.3M | −$25.9M |
| Minority interest | — | — | $0 | — | — | — | — | — | — | — | — | — |
| Total shareholders' equity | $2.91B | $2.08B | $2.09B | $2.08B | $2.09B | $2.03B | $2.03B | $2.17B | $2.18B | $2.18B | $2.20B | $2.14B |
| Key figures | ||||||||||||
| Total debt | $1.10B | $1.10B | $1.17B | $1.04B | $1.04B | $1.11B | $1.03B | $949.4M | $947.0M | $950.8M | $947.5M | $946.6M |
| Net cash (debt) | $205.5M | −$622.2M | −$653.8M | −$597.9M | −$561.4M | −$488.0M | −$418.7M | −$292.2M | −$259.0M | −$116.8M | $61.0M | $227.5M |
| Working capital | $1.21B | $1.16B | $1.17B | $1.18B | $1.20B | $1.27B | $1.21B | $1.30B | $1.33B | $1.43B | $1.61B | $1.72B |
| Tangible book value | $2.66B | $1.82B | $1.83B | $1.82B | $1.83B | $1.77B | $1.76B | $1.83B | $1.84B | $1.87B | $1.92B | $1.87B |
| Book value per share | $20.42 | $15.10 | $15.27 | $15.35 | $15.39 | $14.96 | $14.91 | $15.85 | $15.76 | $15.76 | $15.77 | $15.27 |
| Shares outstanding | 142.7M | 137.5M | 136.7M | 135.7M | 136.2M | 135.8M | 136.1M | 136.8M | 138.1M | 138.5M | 139.3M | 140.0M |
| Current ratio | 1.80 | 2.64 | 2.62 | 2.67 | 2.70 | 2.80 | 2.70 | 2.81 | 2.98 | 3.02 | 3.32 | 3.40 |
| Quick ratio | 1.12 | 1.19 | 1.25 | 1.28 | 1.33 | 1.48 | 1.42 | 1.52 | 1.66 | 1.76 | 2.07 | 2.26 |
| Debt / equity | 0.38 | 0.53 | 0.56 | 0.50 | 0.50 | 0.55 | 0.51 | 0.44 | 0.44 | 0.44 | 0.43 | 0.44 |
| Equity / assets | 56.5% | 48.7% | 49.3% | 49.6% | 49.6% | 48.4% | 49.4% | 51.4% | 52.4% | 51.2% | 51.8% | 50.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 13, 2026); data from EODHD.
VSH financial position
At the end of fiscal 2025 (December 31, 2025), Vishay Intertechnology had total assets of $4.2 billion (up 3.0% from a year earlier), total liabilities of $2.1 billion and shareholders' equity of $2.1 billion. It held $515.2 million in cash and short-term investments against $1.2 billion of debt, net debt of $653.8 million. Its current ratio was 2.62. In the latest quarter (ended June 30, 2026) total assets were $5.2 billion and equity $2.9 billion.
Related: VSH income statement, VSH cash flow statement, VSH key metrics. See the VSH stock overview for the latest quote and news.
VSH balance sheet FAQ
What are Vishay Intertechnology's total assets?
Vishay Intertechnology reported total assets of $4.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $4.1 billion a year earlier.
How much debt does Vishay Intertechnology have?
Vishay Intertechnology had $1.2 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.56.
How much cash does Vishay Intertechnology have?
Vishay Intertechnology held $515.2 million in cash and short-term investments at the end of fiscal 2025; with $1.2 billion of debt that is net debt of $653.8 million.
What is Vishay Intertechnology's book value?
Vishay Intertechnology's shareholders' equity (book value) was $2.1 billion at the end of fiscal 2025, or $15.38 per share.
What is Vishay Intertechnology's current ratio?
Vishay Intertechnology had current assets of $1.9 billion and current liabilities of $720.4 million, a current ratio of 2.62 (it can cover its short-term obligations).
How much goodwill does Vishay Intertechnology have?
Vishay Intertechnology carried $258.9 million of goodwill and intangible assets, 6.1% of total assets, at the end of fiscal 2025.