Vestis Corporation (VSTS) Balance Sheet
VSTS balance sheet, FY2025
September 30, 2025 · U.S. dollars$2.91B assets = $2.04B liabilities + $865.6M equity
Both columns are drawn to the same scale: what VSTS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
VSTS financial health
Descriptive bands, not a rating. Fiscal FY2025.
VSTS balance sheet trends, FY2021–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $3.11BFY2021 | $2.91BFY2025 | −1.7%/yr | |
| Total liabilities | $776.4MFY2021 | $2.04BFY2025 | +27.3%/yr | |
| Shareholders’ equity | $2.33BFY2021 | $865.6MFY2025 | −21.9%/yr | |
| Cash & short-term investments | $41.1MFY2021 | $29.7MFY2025 | −7.8%/yr | |
| Total debt | $181.6MFY2021 | $1.42BFY2025 | +67.2%/yr | |
| Net cash (debt) | −$140.5MFY2021 | −$1.39BFY2025 | −$1.2B | |
| Working capital | $548.6MFY2021 | $441.1MFY2025 | −$107.5M | |
| Book value per share | $17.80FY2021 | $6.57FY2025 | −22.1%/yr | |
| Current ratio | 2.43FY2021 | 2.08FY2025 | −0.35 | |
| Debt / equity | 0.08FY2021 | 1.64FY2025 | +1.56 | |
| Shares outstanding | 131.0MFY2021 | 131.8MFY2025 | +0.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
VSTS assets
VSTS liabilities and equity
VSTS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
VSTS balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $29.7M | $31.0M | $36.1M | $23.7M | $41.1M |
| Cash & equivalents | $29.7M | $31.0M | $36.1M | $23.7M | $41.1M |
| Receivables | $162.3M | $177.3M | $392.9M | $368.7M | $317.3M |
| Inventory | $584.6M | $561.0M | $573.8M | $576.6M | $557.1M |
| Other current assets | $73.3M | $44.0M | $17.2M | $18.3M | $16.4M |
| Total current assets | $850.0M | $813.3M | $1.02B | $987.3M | $931.9M |
| Property, plant & equipment (net) | $748.6M | $744.4M | $722.4M | $722.2M | $740.3M |
| Goodwill & intangible assets | $1.15B | $1.18B | $1.20B | $1.23B | $1.24B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $157.7M | $198.1M | $212.6M | $195.9M | $194.4M |
| Total assets | $2.91B | $2.93B | $3.16B | $3.13B | $3.11B |
| Liabilities | |||||
| Accounts payable | $158.4M | $163.1M | $134.5M | $167.1M | $133.4M |
| Short-term debt | $55.4M | $51.2M | $73.8M | $41.4M | $43.6M |
| Total current liabilities | $409.0M | $456.1M | $395.5M | $402.2M | $383.3M |
| Long-term debt | $1.16B | $1.15B | $1.46B | $0 | $0 |
| Lease obligations | $263.5M | $232.7M | $198.9M | $182.2M | $181.6M |
| Other long-term liabilities | $477.1M | $425.5M | $421.5M | $395.0M | $393.1M |
| Total liabilities | $2.04B | $2.03B | $2.28B | $797.2M | $776.4M |
| Shareholders' equity | |||||
| Common stock & paid-in capital | $1.3M | $1.3M | $908.5M | $2.37B | $2.34B |
| Retained earnings (deficit) | −$46.9M | $2.6M | $0 | — | — |
| Accumulated other comprehensive income | −$26.3M | −$28.9M | −$31.2M | −$31.7M | −$11.6M |
| Total shareholders' equity | $865.6M | $903.1M | $877.4M | $2.34B | $2.33B |
| Key figures | |||||
| Total debt | $1.42B | $1.38B | $1.69B | $182.2M | $181.6M |
| Net cash (debt) | −$1.39B | −$1.35B | −$1.65B | −$158.4M | −$140.5M |
| Working capital | $441.1M | $357.2M | $624.4M | $585.1M | $548.6M |
| Tangible book value | −$284.9M | −$273.6M | −$324.8M | $1.11B | $1.09B |
| Book value per share | $6.57 | $6.85 | $6.71 | $17.99 | $17.80 |
| Shares outstanding | 131.8M | 131.8M | 130.7M | 129.9M | 131.0M |
| Current ratio | 2.08 | 1.78 | 2.58 | 2.45 | 2.43 |
| Quick ratio | 0.47 | 0.46 | 1.08 | 0.98 | 0.93 |
| Debt / equity | 1.64 | 1.53 | 1.92 | 0.08 | 0.08 |
| Equity / assets | 29.8% | 30.8% | 27.8% | 74.6% | 75.0% |
| 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 | $57.7M | $50.3M | $41.5M | $29.7M | $23.7M | $28.8M | $18.6M | $31.0M | $29.1M | $30.7M | $48.9M | $36.1M |
| Cash & equivalents | $57.7M | $50.3M | $41.5M | $29.7M | $23.7M | $28.8M | $18.6M | $31.0M | $29.1M | $30.7M | $48.9M | $36.1M |
| Receivables | $143.0M | $149.5M | $153.0M | $162.3M | $175.8M | $162.4M | $187.2M | $177.3M | $409.9M | $406.0M | $403.3M | $392.9M |
| Inventory | $158.9M | $175.0M | $169.1M | $584.6M | $587.4M | $594.1M | $565.2M | $561.0M | $552.2M | $541.6M | $550.0M | $573.8M |
| Other current assets | $472.1M | $475.8M | $489.4M | $73.3M | $33.7M | $32.0M | $38.6M | $44.0M | $28.8M | $26.5M | $25.5M | $17.2M |
| Total current assets | $831.6M | $850.7M | $853.1M | $850.0M | $820.6M | $817.3M | $809.6M | $813.3M | $1.02B | $1.00B | $1.03B | $1.02B |
| Property, plant & equipment (net) | $725.0M | $735.4M | $732.9M | $748.6M | $739.0M | $731.0M | $729.1M | $744.4M | $726.1M | $710.9M | $718.8M | $722.4M |
| Goodwill & intangible assets | $1.13B | $1.14B | $1.15B | $1.15B | $1.16B | $1.16B | $1.17B | $1.18B | $1.18B | $1.19B | $1.20B | $1.20B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $144.8M | $149.9M | $152.8M | $157.7M | $189.1M | $188.5M | $190.1M | $198.1M | $217.5M | $216.6M | $217.4M | $212.6M |
| Total assets | $2.83B | $2.87B | $2.88B | $2.91B | $2.91B | $2.90B | $2.90B | $2.93B | $3.15B | $3.12B | $3.16B | $3.16B |
| Liabilities | ||||||||||||
| Accounts payable | $128.8M | $154.5M | $147.9M | $158.4M | $156.7M | $150.8M | $164.9M | $163.1M | $150.5M | $146.5M | $130.0M | $134.5M |
| Short-term debt | $56.3M | $50.8M | $55.3M | $55.4M | $53.4M | $51.6M | $51.9M | $51.2M | $107.1M | $55.0M | $75.1M | $73.8M |
| Deferred revenue | — | — | — | — | — | — | — | — | $4.6M | — | — | — |
| Total current liabilities | $384.0M | $398.8M | $392.2M | $409.0M | $445.9M | $437.2M | $448.7M | $456.1M | $429.8M | $400.2M | $393.8M | $395.5M |
| Long-term debt | $1.09B | $1.12B | $1.15B | $1.16B | $1.16B | $1.16B | $1.13B | $1.15B | $1.39B | $1.41B | $1.45B | $1.46B |
| Lease obligations | $252.7M | $262.1M | $258.9M | $263.5M | $250.7M | $244.1M | $233.5M | $232.7M | $219.2M | $201.2M | $201.4M | $198.9M |
| Other long-term liabilities | $482.7M | $491.7M | $478.6M | $477.1M | $423.5M | $426.6M | $420.4M | $425.5M | $420.1M | $409.9M | $409.0M | $421.5M |
| Total liabilities | $1.95B | $2.01B | $2.02B | $2.04B | $2.03B | $2.02B | $2.00B | $2.03B | $2.24B | $2.22B | $2.26B | $2.28B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $908.5M |
| Retained earnings (deficit) | −$39.6M | −$50.7M | −$53.3M | −$46.9M | −$34.3M | −$33.7M | −$1.2M | $2.6M | $9.5M | $9.0M | $7.7M | $0 |
| Accumulated other comprehensive income | −$29.9M | −$26.3M | −$23.2M | −$26.3M | −$21.8M | −$30.8M | −$32.1M | −$28.9M | −$34.7M | −$31.0M | −$24.5M | −$31.2M |
| Total shareholders' equity | $877.7M | $867.2M | $864.4M | $865.6M | $882.2M | $876.3M | $899.6M | $903.1M | $901.2M | $900.7M | $904.2M | $877.4M |
| Key figures | ||||||||||||
| Total debt | $1.34B | $1.38B | $1.41B | $1.42B | $1.41B | $1.40B | $1.36B | $1.38B | $1.67B | $1.62B | $1.68B | $1.69B |
| Net cash (debt) | −$1.28B | −$1.33B | −$1.37B | −$1.39B | −$1.38B | −$1.37B | −$1.34B | −$1.35B | −$1.64B | −$1.59B | −$1.63B | −$1.65B |
| Working capital | $447.7M | $451.9M | $460.8M | $441.1M | $374.7M | $380.1M | $360.9M | $357.2M | $590.2M | $604.6M | $633.8M | $624.4M |
| Tangible book value | −$251.4M | −$270.0M | −$280.8M | −$284.9M | −$277.2M | −$286.0M | −$268.7M | −$273.6M | −$280.9M | −$288.7M | −$293.7M | −$324.8M |
| Book value per share | $6.53 | $6.52 | $6.55 | $6.57 | $6.69 | $6.65 | $6.81 | $6.86 | $6.84 | $6.83 | $6.86 | $6.68 |
| Shares outstanding | 134.3M | 133.1M | 131.9M | 131.8M | 131.8M | 131.8M | 132.1M | 131.6M | 131.8M | 131.9M | 131.7M | 131.4M |
| Current ratio | 2.17 | 2.13 | 2.17 | 2.08 | 1.84 | 1.87 | 1.80 | 1.78 | 2.37 | 2.51 | 2.61 | 2.58 |
| Quick ratio | 0.52 | 0.50 | 0.50 | 0.47 | 0.45 | 0.44 | 0.46 | 0.46 | 1.02 | 1.09 | 1.15 | 1.08 |
| Debt / equity | 1.53 | 1.59 | 1.63 | 1.64 | 1.59 | 1.60 | 1.51 | 1.53 | 1.85 | 1.80 | 1.86 | 1.92 |
| Equity / assets | 31.0% | 30.2% | 30.0% | 29.8% | 30.3% | 30.2% | 31.1% | 30.8% | 28.6% | 28.9% | 28.6% | 27.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 2, 2025); data from EODHD.
VSTS financial position
At the end of fiscal 2025 (September 30, 2025), Vestis had total assets of $2.9 billion (down 0.9% from a year earlier), total liabilities of $2.0 billion and shareholders' equity of $865.6 million. It held $29.7 million in cash and short-term investments against $1.4 billion of debt, net debt of $1.4 billion. Its current ratio was 2.08. In the latest quarter (ended June 30, 2026) total assets were $2.8 billion and equity $877.7 million.
Related: VSTS income statement, VSTS cash flow statement, VSTS key metrics. See the VSTS stock overview for the latest quote and news.
VSTS balance sheet FAQ
What are Vestis's total assets?
Vestis reported total assets of $2.9 billion at the end of fiscal 2025 (September 30, 2025), compared with $2.9 billion a year earlier.
How much debt does Vestis have?
Vestis had $1.4 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.64.
How much cash does Vestis have?
Vestis held $29.7 million in cash and short-term investments at the end of fiscal 2025; with $1.4 billion of debt that is net debt of $1.4 billion.
What is Vestis's book value?
Vestis's shareholders' equity (book value) was $865.6 million at the end of fiscal 2025, or $6.57 per share.
What is Vestis's current ratio?
Vestis had current assets of $850.0 million and current liabilities of $409.0 million, a current ratio of 2.08 (it can cover its short-term obligations).
How much goodwill does Vestis have?
Vestis carried $1.2 billion of goodwill and intangible assets, 39.6% of total assets, at the end of fiscal 2025.