WD-40 Company (WDFC) Balance Sheet
WDFC balance sheet, FY2025
August 31, 2025 · U.S. dollars$475.8M assets = $207.7M liabilities + $268.2M equity
Both columns are drawn to the same scale: what WDFC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
WDFC financial health
Descriptive bands, not a rating. Fiscal FY2025.
WDFC balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $339.7MFY2016 | $475.8MFY2025 | +3.8%/yr | |
| Total liabilities | $199.3MFY2016 | $207.7MFY2025 | +0.5%/yr | |
| Shareholders’ equity | $140.4MFY2016 | $268.2MFY2025 | +7.5%/yr | |
| Cash & short-term investments | $108.5MFY2016 | $58.1MFY2025 | −6.7%/yr | |
| Total debt | $122.0MFY2016 | $97.7MFY2025 | −2.4%/yr | |
| Net cash (debt) | −$13.5MFY2016 | −$39.6MFY2025 | −$26.1M | |
| Working capital | $150.8MFY2016 | $182.7MFY2025 | +$31.9M | |
| Book value per share | $9.76FY2016 | $19.77FY2025 | +8.2%/yr | |
| Current ratio | 3.57FY2016 | 2.79FY2025 | −0.78 | |
| Debt / equity | 0.87FY2016 | 0.36FY2025 | −0.50 | |
| Shares outstanding | 14.4MFY2016 | 13.6MFY2025 | −0.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
WDFC assets
WDFC liabilities and equity
WDFC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
WDFC balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $58.1M | $46.7M | $48.1M | $37.8M | $86.0M | $56.5M | $27.2M | $49.1M | $117.2M | $108.5M |
| Cash & equivalents | $58.1M | $46.7M | $48.1M | $37.8M | $86.0M | $56.5M | $27.2M | $48.9M | $37.1M | $50.9M |
| Short-term investments | — | — | — | — | — | — | $0 | $219,000 | $80.2M | $57.6M |
| Receivables | $120.6M | $117.5M | $98.0M | $89.9M | $89.6M | $80.7M | $72.9M | $69.0M | $64.3M | $64.7M |
| Inventory | $79.9M | $79.1M | $86.5M | $104.1M | $55.8M | $41.3M | $40.7M | $36.5M | $35.3M | $31.8M |
| Other current assets | $26.4M | $12.2M | $15.8M | $17.8M | $9.9M | $6.8M | $7.2M | $13.3M | $8.0M | $4.5M |
| Total current assets | $285.0M | $255.4M | $248.5M | $249.6M | $241.2M | $185.2M | $148.0M | $168.0M | $224.9M | $209.5M |
| Property, plant & equipment (net) | $73.9M | $74.6M | $74.6M | $73.5M | $79.0M | $68.9M | $45.1M | $36.4M | $29.4M | $11.5M |
| Goodwill & intangible assets | $99.6M | $103.2M | $100.2M | $100.8M | $103.1M | $104.4M | $106.0M | $109.1M | $111.8M | $114.8M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $17.4M | $15.8M | $14.7M | $10.4M | $6.9M | $4.2M | $3.6M | $3.6M | $3.6M | $3.8M |
| Total assets | $475.8M | $449.0M | $438.0M | $434.3M | $430.2M | $362.6M | $302.7M | $317.1M | $369.7M | $339.7M |
| Liabilities | ||||||||||
| Accounts payable | $38.0M | $36.0M | $30.8M | $32.9M | $33.5M | $21.7M | $18.7M | $19.1M | $20.9M | $18.7M |
| Short-term debt | $3.1M | $11.0M | $12.9M | $40.9M | $2.7M | $2.6M | $21.2M | $23.6M | $20.0M | $122.0M |
| Deferred revenue | $4.7M | $4.3M | $4.6M | $5.0M | $3.7M | $1.4M | $29.7M | $5.0M | $29.6M | — |
| Total current liabilities | $102.3M | $103.5M | $88.8M | $110.8M | $85.9M | $60.1M | $74.6M | $85.9M | $75.4M | $58.7M |
| Long-term debt | $86.2M | $86.0M | $109.7M | $107.1M | $114.9M | $113.1M | $60.2M | $62.8M | $134.0M | $122.0M |
| Lease obligations | $10.7M | $8.2M | $8.0M | $6.0M | $7.1M | $8.4M | — | — | — | — |
| Other long-term liabilities | $19.2M | $29.0M | $29.2M | $27.7M | $28.9M | $29.1M | $22.4M | $12.9M | $20.9M | $18.6M |
| Total liabilities | $207.7M | $218.5M | $227.8M | $245.7M | $229.8M | $202.3M | $157.2M | $161.6M | $230.3M | $199.3M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 |
| Retained earnings (deficit) | $540.7M | $499.9M | $477.5M | $456.1M | $430.7M | $398.7M | $374.1M | $351.3M | $315.8M | $289.6M |
| Treasury stock | — | — | — | — | −$368.1M | −$368.1M | −$351.3M | −$321.6M | −$299.0M | −$267.9M |
| Accumulated other comprehensive income | −$24.5M | −$29.3M | −$31.2M | −$36.2M | −$26.0M | −$28.2M | −$32.5M | −$27.6M | −$28.1M | −$27.3M |
| Minority interest | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $268.2M | $230.5M | $210.2M | $188.6M | $200.4M | $160.3M | $145.5M | $155.5M | $139.4M | $140.4M |
| Key figures | ||||||||||
| Total debt | $97.7M | $102.8M | $128.5M | $154.0M | $131.8M | $122.3M | $81.4M | $86.4M | $154.0M | $122.0M |
| Net cash (debt) | −$39.6M | −$56.1M | −$80.4M | −$116.2M | −$45.8M | −$65.8M | −$54.2M | −$37.3M | −$36.8M | −$13.5M |
| Working capital | $182.7M | $151.9M | $159.7M | $138.8M | $155.3M | $125.0M | $73.4M | $82.1M | $149.4M | $150.8M |
| Tangible book value | $168.6M | $127.3M | $110.0M | $87.9M | $97.3M | $55.9M | $39.5M | $46.4M | $27.5M | $25.6M |
| Book value per share | $19.77 | $16.98 | $15.45 | $13.77 | $14.59 | $11.69 | $10.52 | $11.14 | $9.87 | $9.76 |
| Shares outstanding | 13.6M | 13.6M | 13.6M | 13.7M | 13.7M | 13.7M | 13.8M | 14.0M | 14.1M | 14.4M |
| Current ratio | 2.79 | 2.47 | 2.80 | 2.25 | 2.81 | 3.08 | 1.98 | 1.96 | 2.98 | 3.57 |
| Quick ratio | 1.75 | 1.59 | 1.65 | 1.15 | 2.04 | 2.28 | 1.34 | 1.37 | 2.41 | 2.95 |
| Debt / equity | 0.36 | 0.45 | 0.61 | 0.82 | 0.66 | 0.76 | 0.56 | 0.56 | 1.10 | 0.87 |
| Equity / assets | 56.4% | 51.3% | 48.0% | 43.4% | 46.6% | 44.2% | 48.1% | 49.0% | 37.7% | 41.3% |
| May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | Aug '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $59.1M | $50.3M | $48.6M | $58.1M | $51.7M | $53.0M | $54.9M | $46.7M | $45.3M | $55.4M | $50.3M | $48.1M |
| Cash & equivalents | $59.1M | $50.3M | $48.6M | $58.1M | $51.7M | $53.0M | $54.9M | $46.7M | $45.3M | $55.4M | $50.3M | $48.1M |
| Receivables | $150.1M | $121.2M | $112.5M | $120.6M | $112.4M | $110.8M | $111.4M | $117.5M | $116.4M | $104.8M | $95.1M | $98.0M |
| Inventory | $80.9M | $85.5M | $84.0M | $79.9M | $77.2M | $80.5M | $74.9M | $79.1M | $76.6M | $78.0M | $81.6M | $86.5M |
| Other current assets | $14.6M | $27.2M | $25.6M | $26.4M | $25.1M | $28.1M | $21.6M | $12.2M | $10.5M | $12.2M | $10.6M | $15.8M |
| Total current assets | $304.7M | $284.4M | $270.7M | $285.0M | $266.5M | $272.4M | $262.8M | $255.4M | $248.8M | $250.5M | $237.7M | $248.5M |
| Property, plant & equipment (net) | $75.1M | $71.7M | $71.8M | $73.9M | $73.6M | $70.8M | $70.0M | $74.6M | $75.5M | $75.5M | $77.2M | $74.6M |
| Goodwill & intangible assets | $102.2M | $99.7M | $99.5M | $99.6M | $99.3M | $98.8M | $98.9M | $103.2M | $103.6M | $99.7M | $99.9M | $100.2M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $17.8M | $17.9M | $17.7M | $17.4M | $16.6M | $16.2M | $15.7M | $15.8M | $15.7M | $16.3M | $15.8M | $14.7M |
| Total assets | $499.8M | $473.7M | $459.7M | $475.8M | $456.0M | $458.3M | $447.3M | $449.0M | $443.6M | $442.0M | $430.6M | $438.0M |
| Liabilities | ||||||||||||
| Accounts payable | $35.7M | $32.5M | $28.1M | $38.0M | $27.8M | $34.0M | $32.2M | $36.0M | $32.4M | $32.4M | $28.4M | $30.8M |
| Short-term debt | $18.8M | $17.6M | $7.8M | $3.1M | $12.4M | $33.0M | $25.6M | $11.0M | $24.3M | $31.7M | $26.5M | $12.9M |
| Deferred revenue | $3.1M | $4.7M | $3.7M | $4.7M | $2.5M | $4.1M | $3.0M | $4.3M | $2.2M | $3.3M | $3.1M | $4.6M |
| Total current liabilities | $114.8M | $100.6M | $91.3M | $102.3M | $93.7M | $113.5M | $107.5M | $103.5M | $105.2M | $110.4M | $98.8M | $88.8M |
| Long-term debt | $85.3M | $86.1M | $85.7M | $86.2M | $85.6M | $84.4M | $84.6M | $86.0M | $85.5M | $85.9M | $86.2M | $109.7M |
| Lease obligations | $13.7M | $9.9M | $10.1M | $10.7M | $10.5M | $9.1M | $7.4M | $8.2M | $8.1M | $7.4M | $7.8M | $8.0M |
| Other long-term liabilities | $21.0M | $18.1M | $18.7M | $19.2M | $19.6M | $18.2M | $29.0M | $29.0M | $30.7M | $29.4M | $29.7M | $29.2M |
| Total liabilities | $221.1M | $204.8M | $195.6M | $207.7M | $198.9M | $216.1M | $221.0M | $218.5M | $221.4M | $225.7M | $214.7M | $227.8M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 |
| Retained earnings (deficit) | $568.3M | $551.9M | $545.4M | $540.7M | $532.2M | $524.0M | $506.9M | $499.9M | $495.1M | $487.2M | $483.7M | $477.5M |
| Accumulated other comprehensive income | −$22.8M | −$21.4M | −$24.9M | −$24.5M | −$28.1M | −$36.2M | −$35.5M | −$29.3M | −$31.3M | −$31.2M | −$30.8M | −$31.2M |
| Total shareholders' equity | $278.7M | $269.0M | $264.1M | $268.2M | $257.1M | $242.1M | $226.3M | $230.5M | $222.2M | $216.3M | $215.9M | $210.2M |
| Key figures | ||||||||||||
| Total debt | $114.4M | $111.1M | $101.1M | $97.7M | $106.3M | $124.3M | $115.4M | $102.8M | $115.9M | $123.1M | $124.2M | $128.5M |
| Net cash (debt) | −$55.3M | −$60.7M | −$52.5M | −$39.6M | −$54.7M | −$71.3M | −$60.5M | −$56.1M | −$70.6M | −$67.6M | −$73.9M | −$80.4M |
| Working capital | $189.9M | $183.7M | $179.4M | $182.7M | $172.7M | $159.0M | $155.3M | $151.9M | $143.5M | $140.1M | $138.8M | $159.7M |
| Tangible book value | $176.5M | $169.2M | $164.6M | $168.6M | $157.8M | $143.3M | $127.4M | $127.3M | $118.6M | $116.6M | $116.0M | $110.0M |
| Book value per share | $20.68 | $19.88 | $19.49 | $19.78 | $18.95 | $17.84 | $16.67 | $16.98 | $16.37 | $15.92 | $15.90 | $15.46 |
| Shares outstanding | 13.5M | 13.5M | 13.5M | 13.6M | 13.6M | 13.6M | 13.6M | 13.6M | 13.6M | 13.6M | 13.6M | 13.6M |
| Current ratio | 2.65 | 2.83 | 2.97 | 2.79 | 2.84 | 2.40 | 2.44 | 2.47 | 2.36 | 2.27 | 2.40 | 2.80 |
| Quick ratio | 1.82 | 1.71 | 1.76 | 1.75 | 1.75 | 1.44 | 1.55 | 1.59 | 1.54 | 1.45 | 1.47 | 1.65 |
| Debt / equity | 0.41 | 0.41 | 0.38 | 0.36 | 0.41 | 0.51 | 0.51 | 0.45 | 0.52 | 0.57 | 0.58 | 0.61 |
| Equity / assets | 55.8% | 56.8% | 57.4% | 56.4% | 56.4% | 52.8% | 50.6% | 51.3% | 50.1% | 48.9% | 50.1% | 48.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed October 27, 2025); data from EODHD.
WDFC financial position
At the end of fiscal 2025 (August 31, 2025), WD-40 had total assets of $475.8 million (up 6.0% from a year earlier), total liabilities of $207.7 million and shareholders' equity of $268.2 million. It held $58.1 million in cash and short-term investments against $97.7 million of debt, net debt of $39.6 million. Its current ratio was 2.79. In the latest quarter (ended May 31, 2026) total assets were $499.8 million and equity $278.7 million.
Related: WDFC income statement, WDFC cash flow statement, WDFC key metrics. See the WDFC stock overview for the latest quote and news.
WDFC balance sheet FAQ
What are WD-40's total assets?
WD-40 reported total assets of $475.8 million at the end of fiscal 2025 (August 31, 2025), compared with $449.0 million a year earlier.
How much debt does WD-40 have?
WD-40 had $97.7 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.36.
How much cash does WD-40 have?
WD-40 held $58.1 million in cash and short-term investments at the end of fiscal 2025; with $97.7 million of debt that is net debt of $39.6 million.
What is WD-40's book value?
WD-40's shareholders' equity (book value) was $268.2 million at the end of fiscal 2025, or $19.77 per share.
What is WD-40's current ratio?
WD-40 had current assets of $285.0 million and current liabilities of $102.3 million, a current ratio of 2.79 (it can cover its short-term obligations).
How much goodwill does WD-40 have?
WD-40 carried $99.6 million of goodwill and intangible assets, 20.9% of total assets, at the end of fiscal 2025.