Western Digital Corporation (WDC) Balance Sheet
WDC balance sheet, FY2026
June 30, 2026 · U.S. dollars$13.86B assets = $5.00B liabilities + $8.86B equity
Both columns are drawn to the same scale: what WDC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
WDC financial health
Current ratio1.33
Adequate · current assets cover current liabilities 1.33×
Debt / equity0.12
Low leverage · $0.12 of debt for each $1 of equity
Equity / assets63.9%
Equity-funded · of assets funded by shareholders
Cash / debt150.1%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles31.7%
Acquisition-heavy · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
WDC balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $29.86BFY2017 | $13.86BFY2026 | −8.2%/yr | |
| Total liabilities | $18.44BFY2017 | $5.00BFY2026 | −13.5%/yr | |
| Shareholders’ equity | $11.42BFY2017 | $8.86BFY2026 | −2.8%/yr | |
| Cash & short-term investments | $6.35BFY2017 | $1.58BFY2026 | −14.3%/yr | |
| Total debt | $13.15BFY2017 | $1.05BFY2026 | −24.5%/yr | |
| Net cash (debt) | −$6.80BFY2017 | $527.0MFY2026 | +$7.3B | |
| Working capital | $6.71BFY2017 | $1.39BFY2026 | −$5.3B | |
| Book value per share | $38.57FY2017 | $23.14FY2026 | −5.5%/yr | |
| Current ratio | 2.55FY2017 | 1.33FY2026 | −1.22 | |
| Debt / equity | 1.15FY2017 | 0.12FY2026 | −1.03 | |
| Shares outstanding | 296.0MFY2017 | 383.0MFY2026 | +2.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
WDC assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
WDC liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
WDC debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
WDC balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.58B | $2.47B | $1.55B | $2.02B | $2.33B | $3.37B | $3.05B | $3.46B | $5.00B | $6.35B |
| Cash & equivalents | $1.58B | $2.11B | $1.55B | $2.02B | $2.33B | $3.37B | $3.05B | $3.46B | $5.00B | $6.35B |
| Short-term investments | $0 | $354.0M | — | — | $3.0M | $1.59B | $1.88B | $2.0M | $23.0M | $24.0M |
| Receivables | $2.03B | $1.49B | $1.23B | $1.60B | $2.80B | $2.26B | $2.38B | $1.20B | $2.20B | $1.95B |
| Inventory | $1.51B | $1.29B | $1.39B | $3.70B | $3.64B | $3.62B | $3.07B | $3.28B | $2.94B | $2.34B |
| Other current assets | $518.0M | $611.0M | $3.89B | $567.0M | $684.0M | $514.0M | $551.0M | $535.0M | $492.0M | $413.0M |
| Total current assets | $5.63B | $5.86B | $8.06B | $7.89B | $9.45B | $9.76B | $9.05B | $8.48B | $10.64B | $11.06B |
| Property, plant & equipment (net) | $2.48B | $2.47B | $2.36B | $3.62B | $3.67B | $3.19B | $2.85B | $2.84B | $3.10B | $3.03B |
| Goodwill & intangible assets | $4.40B | $4.39B | $4.39B | $10.12B | $10.25B | $10.51B | $11.01B | $11.79B | $12.76B | $13.84B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.79B | $2.10B | $1.34B |
| Other non-current assets | $1.35B | $1.29B | $9.38B | $2.92B | $2.88B | $2.68B | $2.75B | $472.0M | $642.0M | $594.0M |
| Total assets | $13.86B | $14.00B | $24.19B | $24.55B | $26.26B | $26.13B | $25.66B | $26.37B | $29.23B | $29.86B |
| Liabilities | ||||||||||
| Accounts payable | $1.77B | $1.27B | $1.05B | $1.58B | $2.22B | $2.33B | $2.35B | $1.90B | $2.52B | $2.35B |
| Short-term debt | $1.05B | $2.26B | $1.78B | $1.25B | $40.0M | $251.0M | $286.0M | $276.0M | $179.0M | $233.0M |
| Deferred revenue | — | — | $821.0M | — | −$40.0M | — | $3.0M | $43.0M | — | — |
| Total current liabilities | $4.24B | $5.42B | $6.09B | $5.43B | $4.56B | $4.87B | $4.41B | $3.82B | $4.46B | $4.34B |
| Long-term debt | $0 | $2.48B | $5.68B | $5.86B | $7.02B | $8.47B | $9.29B | $10.25B | $10.99B | $12.92B |
| Other long-term liabilities | $757.0M | $788.0M | $1.60B | $2.29B | $2.46B | $2.07B | $2.42B | $2.34B | $2.25B | $1.18B |
| Total liabilities | $5.00B | $8.69B | $13.37B | $13.58B | $14.04B | $15.41B | $16.11B | $16.40B | $17.70B | $18.44B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $4.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M |
| Retained earnings (deficit) | $10.00B | $762.0M | $6.78B | $7.57B | $9.04B | $7.54B | $6.72B | $7.45B | $8.76B | $8.63B |
| Treasury stock | — | — | — | — | — | −$232.0M | — | −$1.27B | −$1.44B | −$1.67B |
| Accumulated other comprehensive income | $23.0M | $20.0M | −$712.0M | −$548.0M | −$554.0M | −$197.0M | −$157.0M | −$68.0M | −$39.0M | −$58.0M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $8.86B | $5.31B | $10.82B | $10.96B | $12.22B | $10.72B | $9.55B | $9.97B | $11.53B | $11.42B |
| Key figures | ||||||||||
| Total debt | $1.05B | $5.08B | $7.82B | $8.47B | $7.06B | $8.72B | $9.57B | $10.52B | $11.17B | $13.15B |
| Net cash (debt) | $527.0M | −$2.61B | −$6.27B | −$6.45B | −$4.74B | −$5.36B | −$6.53B | −$7.07B | −$6.17B | −$6.80B |
| Working capital | $1.39B | $438.0M | $1.97B | $2.45B | $4.90B | $4.89B | $4.64B | $4.66B | $6.18B | $6.71B |
| Tangible book value | $4.47B | $920.0M | $6.43B | $847.0M | $1.97B | $213.0M | −$1.46B | −$1.82B | −$1.22B | −$2.42B |
| Book value per share | $23.14 | $14.79 | $33.18 | $34.48 | $38.67 | $34.70 | $32.05 | $34.13 | $37.56 | $38.57 |
| Shares outstanding | 383.0M | 359.0M | 326.0M | 318.0M | 316.0M | 309.0M | 298.0M | 292.0M | 307.0M | 296.0M |
| Current ratio | 1.33 | 1.08 | 1.32 | 1.45 | 2.07 | 2.00 | 2.05 | 2.22 | 2.39 | 2.55 |
| Quick ratio | 0.85 | 0.73 | 0.46 | 0.67 | 1.13 | 1.16 | 1.23 | 1.22 | 1.62 | 1.91 |
| Debt / equity | 0.12 | 0.96 | 0.72 | 0.77 | 0.58 | 0.81 | 1.00 | 1.06 | 0.97 | 1.15 |
| Equity / assets | 63.9% | 37.9% | 44.7% | 44.7% | 46.5% | 41.0% | 37.2% | 37.8% | 39.4% | 38.2% |
| 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 | $1.58B | $3.24B | $1.98B | $3.01B | $2.47B | $4.89B | $2.29B | $1.71B | $1.55B | $1.89B | $2.48B | $2.03B |
| Cash & equivalents | $1.58B | $2.05B | $1.98B | $2.05B | $2.11B | $3.48B | $2.29B | $1.71B | $1.55B | $1.89B | $2.48B | $2.03B |
| Short-term investments | $0 | $1.19B | $2.07B | $965.0M | $354.0M | $1.41B | — | — | — | — | — | — |
| Receivables | $2.03B | $1.89B | $1.69B | $1.35B | $1.49B | $1.47B | $2.60B | $2.46B | $1.23B | $1.80B | $1.52B | $1.45B |
| Inventory | $1.51B | $1.36B | $1.35B | $1.39B | $1.29B | $1.31B | $3.42B | $3.38B | $1.39B | $3.21B | $3.22B | $3.50B |
| Other current assets | $518.0M | $423.0M | $2.52B | $514.0M | $611.0M | $417.0M | $1.06B | $1.40B | $3.89B | $623.0M | $618.0M | $597.0M |
| Total current assets | $5.63B | $6.91B | $7.53B | $6.28B | $5.86B | $8.09B | $9.37B | $8.94B | $8.06B | $7.53B | $7.84B | $7.58B |
| Property, plant & equipment (net) | $2.48B | $2.42B | $2.35B | $2.35B | $2.47B | $2.35B | $2.93B | $2.92B | $2.50B | $3.25B | $3.31B | $3.37B |
| Goodwill & intangible assets | $4.40B | $4.32B | $4.32B | $4.32B | $4.39B | $4.39B | $9.81B | $9.89B | $4.39B | $10.11B | $10.12B | $10.12B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.35B | $1.39B | $1.41B | $1.42B | $1.29B | $1.54B | $3.35B | $3.02B | $9.23B | $2.90B | $3.12B | $2.94B |
| Total assets | $13.86B | $15.04B | $15.61B | $14.36B | $14.00B | $16.37B | $25.46B | $24.77B | $24.19B | $23.80B | $24.39B | $24.00B |
| Liabilities | ||||||||||||
| Accounts payable | $1.77B | $1.59B | $1.50B | $1.53B | $1.27B | $1.29B | $2.00B | $1.93B | $1.05B | $1.71B | $1.75B | $1.57B |
| Short-term debt | $1.05B | $1.61B | $2.23B | $2.25B | $2.26B | $2.46B | $195.0M | $1.79B | $1.78B | $497.0M | $1.09B | $1.85B |
| Deferred revenue | — | — | — | — | — | — | — | $448.0M | $525.0M | $476.0M | $506.0M | — |
| Total current liabilities | $4.24B | $4.64B | $5.18B | $5.17B | $5.42B | $5.18B | $4.71B | $6.09B | $6.09B | $4.05B | $4.69B | $5.79B |
| Long-term debt | $0 | $0 | $2.43B | $2.46B | $2.48B | $4.91B | $7.22B | $5.65B | $5.68B | $7.32B | $7.35B | $5.82B |
| Other long-term liabilities | $757.0M | $728.0M | $666.0M | $841.0M | $788.0M | $1.10B | $1.42B | $1.39B | $1.60B | $2.31B | $2.27B | $1.40B |
| Total liabilities | $5.00B | $5.37B | $8.27B | $8.47B | $8.69B | $11.19B | $13.34B | $13.13B | $13.37B | $13.68B | $14.32B | $13.01B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $4.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M |
| Retained earnings (deficit) | $10.00B | $6.86B | $3.70B | $1.90B | $762.0M | $521.0M | $7.86B | $7.27B | $6.78B | $6.74B | $6.60B | $6.74B |
| Accumulated other comprehensive income | $23.0M | $3.0M | $18.0M | $14.0M | $20.0M | $11.0M | −$633.0M | −$400.0M | −$712.0M | −$636.0M | −$493.0M | −$599.0M |
| Total shareholders' equity | $8.86B | $9.68B | $7.34B | $5.89B | $5.31B | $5.18B | $12.12B | $11.64B | $10.82B | $10.12B | $10.07B | $10.99B |
| Key figures | ||||||||||||
| Total debt | $1.05B | $1.72B | $4.66B | $5.04B | $5.08B | $7.71B | $7.94B | $7.98B | $7.82B | $9.07B | $9.71B | $7.67B |
| Net cash (debt) | $527.0M | $1.51B | −$2.68B | −$2.03B | −$2.61B | −$2.82B | −$5.65B | −$6.27B | −$6.27B | −$7.18B | −$7.23B | −$5.64B |
| Working capital | $1.39B | $2.27B | $2.35B | $1.10B | $438.0M | $2.90B | $4.67B | $2.85B | $1.97B | $3.48B | $3.15B | $1.78B |
| Tangible book value | $4.47B | $5.36B | $3.02B | $1.57B | $920.0M | $782.0M | $2.31B | $1.75B | $6.43B | $9.0M | −$48.0M | $874.0M |
| Book value per share | $23.57 | $25.74 | $19.52 | $15.66 | $14.67 | $14.46 | $33.94 | $32.61 | $31.00 | $30.21 | $30.98 | $34.02 |
| Shares outstanding | 376.0M | 376.0M | 376.0M | 376.0M | 362.0M | 358.0M | 357.0M | 357.0M | 349.0M | 335.0M | 325.0M | 323.0M |
| Current ratio | 1.33 | 1.49 | 1.45 | 1.21 | 1.08 | 1.56 | 1.99 | 1.47 | 1.32 | 1.86 | 1.67 | 1.31 |
| Quick ratio | 0.85 | 1.11 | 0.71 | 0.84 | 0.73 | 1.23 | 1.04 | 0.68 | 0.46 | 0.91 | 0.85 | 0.60 |
| Debt / equity | 0.12 | 0.18 | 0.63 | 0.86 | 0.96 | 1.49 | 0.66 | 0.69 | 0.72 | 0.90 | 0.96 | 0.70 |
| Equity / assets | 63.9% | 64.3% | 47.0% | 41.0% | 37.9% | 31.6% | 47.6% | 47.0% | 44.7% | 42.5% | 41.3% | 45.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed August 14, 2026); data from EODHD.
WDC financial position
At the end of fiscal 2026 (June 30, 2026), Western Digital had total assets of $13.9 billion (down 1.0% from a year earlier), total liabilities of $5.0 billion and shareholders' equity of $8.9 billion. It held $1.6 billion in cash and short-term investments against $1.1 billion of debt, a net cash position of $527.0 million. Its current ratio was 1.33.
Related: WDC income statement, WDC cash flow statement, WDC key metrics. See the WDC stock overview for the latest quote and news.
WDC balance sheet FAQ
What are Western Digital's total assets?
Western Digital reported total assets of $13.9 billion at the end of fiscal 2026 (June 30, 2026), compared with $14.0 billion a year earlier.
How much debt does Western Digital have?
Western Digital had $1.1 billion of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was 0.12.
How much cash does Western Digital have?
Western Digital held $1.6 billion in cash and short-term investments at the end of fiscal 2026; with $1.1 billion of debt that is net cash of $527.0 million.
What is Western Digital's book value?
Western Digital's shareholders' equity (book value) was $8.9 billion at the end of fiscal 2026, or $23.14 per share.
What is Western Digital's current ratio?
Western Digital had current assets of $5.6 billion and current liabilities of $4.2 billion, a current ratio of 1.33 (it can cover its short-term obligations).
How much goodwill does Western Digital have?
Western Digital carried $4.4 billion of goodwill and intangible assets, 31.7% of total assets, at the end of fiscal 2026.