WillScot Mobile Mini Holdings Corp. (WSC) Balance Sheet
WSC balance sheet, 2025
December 31, 2025 · U.S. dollars$5.82B assets = $4.96B liabilities + $856.3M equity
Both columns are drawn to the same scale: what WSC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
WSC financial health
Descriptive bands, not a rating. Fiscal 2025.
WSC balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $501.6M2016 | $5.82B2025 | +31.3%/yr | |
| Total liabilities | $19.6M2016 | $4.96B2025 | +85.0%/yr | |
| Shareholders’ equity | $482.0M2016 | $856.3M2025 | +6.6%/yr | |
| Cash & short-term investments | $188,0632016 | $14.6M2025 | +62.2%/yr | |
| Total debt | $1.33B2016 | $4.14B2025 | +13.4%/yr | |
| Net cash (debt) | −$1.33B2016 | −$4.13B2025 | −$2.8B | |
| Working capital | $185,8332016 | −$86.1M2025 | −$86.2M | |
| Book value per share | $7.712016 | $4.692025 | −5.4%/yr | |
| Current ratio | 3.462016 | 0.862025 | −2.60 | |
| Debt / equity | 2.772016 | 4.842025 | +2.07 | |
| Shares outstanding | 62.5M2016 | 182.4M2025 | +12.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
WSC assets
WSC liabilities and equity
WSC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
WSC balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $14.6M | $9.0M | $11.0M | $7.4M | $6.4M | $24.9M | $3.0M | $9.0M | $9.2M | $188,063 |
| Cash & equivalents | $14.6M | $9.0M | $11.0M | $7.4M | $6.4M | $24.9M | $3.0M | $9.0M | $9.2M | $188,063 |
| Short-term investments | — | — | $9.1M | — | — | — | — | — | $0 | $501.3M |
| Receivables | $394.7M | $430.4M | $451.1M | $409.8M | $351.3M | $330.9M | $247.6M | $206.6M | $97.7M | $101.4M |
| Inventory | $45.6M | $47.5M | $47.4M | $41.0M | $29.8M | $23.7M | $15.4M | $16.2M | $10.1M | $8.9M |
| Other current assets | $70.2M | $70.7M | $59.6M | $62.9M | $95.6M | $42.0M | $26.6M | $24.5M | $10.8M | $0 |
| Total current assets | $525.1M | $557.5M | $569.1M | $521.0M | $483.0M | $421.6M | $292.6M | $256.3M | $127.8M | $261,504 |
| Property, plant & equipment (net) | $3.79B | $696.2M | $3.97B | $3.60B | $3.25B | $3.47B | $2.24B | $2.11B | $1.12B | $899.1M |
| Goodwill & intangible assets | $1.48B | $1.45B | $1.60B | $1.43B | $1.46B | $1.67B | $361.8M | $378.8M | $154.9M | $181.8M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $15.2M | $3.33B | $4.6M | $274.7M | $579.4M | $16.1M | $4.4M | $4.3M | $4.3M | $0 |
| Total assets | $5.82B | $6.03B | $6.14B | $5.83B | $5.77B | $5.57B | $2.90B | $2.75B | $1.41B | $501.6M |
| Liabilities | ||||||||||
| Accounts payable | $109.9M | $96.6M | $86.1M | $109.3M | $102.6M | $106.9M | $109.9M | $90.4M | $57.1M | $33.1M |
| Short-term debt | $101.8M | $91.0M | $76.2M | $63.8M | $60.4M | $64.6M | $29.1M | $2.0M | $1.9M | $1.9M |
| Deferred revenue | $237.3M | $250.8M | $224.5M | $203.8M | $152.3M | $135.5M | $83.0M | $71.8M | $45.2M | $28.7M |
| Total current liabilities | $611.1M | $585.0M | $562.0M | $561.9M | $517.6M | $448.7M | $320.4M | $269.0M | $155.7M | $75,671 |
| Long-term debt | $3.56B | $3.68B | $3.54B | $3.06B | $2.69B | $2.45B | $1.63B | $1.67B | $624.9M | $1.33B |
| Lease obligations | $312.7M | $267.3M | $245.2M | $220.1M | $247.3M | $231.8M | $147.6M | — | — | — |
| Other long-term liabilities | $791.7M | $747.8M | $776.1M | $637.4M | $564.9M | $605.9M | $235.7M | $106.7M | $145.6M | $0 |
| Total liabilities | $4.96B | $5.02B | $4.88B | $4.26B | $3.78B | $3.51B | $2.19B | $2.05B | $926.2M | $19.6M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $19,000 | $19,000 | $20,000 | $21,000 | $22,000 | $23,000 | $12,000 | $12,000 | $2.12B | $477.0M |
| Retained earnings (deficit) | −$800.0M | −$747.0M | −$775.1M | −$1.25B | −$1.59B | −$1.75B | −$1.69B | −$1.68B | −$1.64B | $541,852 |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$69.5M | −$70.6M | −$52.8M | −$70.1M | −$29.1M | −$37.2M | −$62.8M | −$68.0M | −$49.5M | −$57.0M |
| Minority interest | — | — | — | — | — | — | $64.6M | $64.0M | $48.9M | $0 |
| Total shareholders' equity | $856.3M | $1.02B | $1.26B | $1.57B | $2.00B | $2.06B | $644.4M | $638.2M | $484.6M | $482.0M |
| Key figures | ||||||||||
| Total debt | $4.14B | $3.98B | $3.80B | $3.30B | $2.90B | $2.70B | $1.78B | $1.68B | $626.7M | $1.33B |
| Net cash (debt) | −$4.13B | −$3.97B | −$3.79B | −$3.29B | −$2.90B | −$2.68B | −$1.78B | −$1.67B | −$617.6M | −$1.33B |
| Working capital | −$86.1M | −$27.5M | $7.1M | −$40.9M | −$34.6M | −$27.1M | −$27.8M | −$12.7M | −$27.9M | $185,833 |
| Tangible book value | −$625.4M | −$433.9M | −$335.1M | $134.7M | $540.3M | $396.7M | $282.6M | $259.4M | $329.7M | $300.2M |
| Book value per share | $4.69 | $5.35 | $6.25 | $7.07 | $8.58 | $11.64 | $5.93 | $7.17 | $6.13 | $7.71 |
| Shares outstanding | 182.4M | 190.3M | 201.8M | 221.4M | 232.8M | 177.3M | 108.7M | 89.0M | 79.0M | 62.5M |
| Current ratio | 0.86 | 0.95 | 1.01 | 0.93 | 0.93 | 0.94 | 0.91 | 0.95 | 0.82 | 3.46 |
| Quick ratio | 0.67 | 0.75 | 0.82 | 0.74 | 0.69 | 0.79 | 0.78 | 0.80 | 0.69 | 1,342.84 |
| Debt / equity | 4.84 | 3.90 | 3.01 | 2.11 | 1.45 | 1.31 | 2.76 | 2.63 | 1.29 | 2.77 |
| Equity / assets | 14.7% | 16.9% | 20.5% | 26.9% | 34.6% | 37.0% | 22.2% | 23.2% | 34.3% | 96.1% |
| 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 | $18.2M | $15.5M | $14.6M | $14.8M | $12.8M | $10.7M | $9.0M | $11.0M | $5.9M | $13.1M | $11.0M | $5.8M |
| Cash & equivalents | $18.2M | $15.5M | $14.6M | $14.8M | $12.8M | $10.7M | $9.0M | $11.0M | $5.9M | $13.1M | $11.0M | $5.8M |
| Short-term investments | — | — | — | — | — | — | — | — | $17.1M | $17.2M | $9.1M | $13.8M |
| Receivables | $422.0M | $397.4M | $394.7M | $403.7M | $414.1M | $400.5M | $430.4M | $445.9M | $442.2M | $450.6M | $451.1M | $469.3M |
| Inventory | $48.9M | $46.2M | $45.6M | $43.5M | $46.5M | $47.7M | $47.5M | $52.6M | $49.7M | $47.6M | $47.4M | $44.7M |
| Other current assets | $68.0M | $70.8M | $70.2M | $58.5M | $56.8M | $59.5M | $70.7M | $68.8M | $78.5M | $64.0M | $59.6M | $49.3M |
| Total current assets | $557.1M | $529.9M | $525.1M | $520.3M | $530.3M | $518.5M | $557.5M | $578.3M | $576.4M | $575.4M | $569.1M | $569.2M |
| Property, plant & equipment (net) | $755.6M | $754.5M | $3.79B | $666.6M | $4.06B | $3.99B | $4.01B | $4.01B | $4.01B | $4.00B | $3.97B | $3.93B |
| Goodwill & intangible assets | $1.46B | $1.47B | $1.48B | $1.49B | $1.50B | $1.44B | $1.45B | $1.44B | $1.45B | $1.59B | $1.60B | $1.56B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $3.09B | $3.06B | $15.2M | $3.43B | $11.3M | $11.6M | $17.1M | $9.9M | $16.1M | $13.0M | $4.6M | $15.5M |
| Total assets | $5.87B | $5.81B | $5.82B | $6.10B | $6.10B | $5.96B | $6.03B | $6.04B | $6.05B | $6.18B | $6.14B | $6.08B |
| Liabilities | ||||||||||||
| Accounts payable | $152.3M | $142.5M | $109.9M | $108.8M | $115.6M | $94.0M | $96.6M | $107.8M | $118.9M | $100.5M | $86.1M | $92.3M |
| Short-term debt | $102.3M | $102.1M | $101.8M | $99.3M | $94.8M | $92.0M | $91.0M | $88.6M | $85.0M | $80.7M | $76.2M | $72.6M |
| Deferred revenue | $250.6M | $244.9M | $237.3M | $248.3M | $240.3M | $240.8M | $250.8M | $250.0M | $233.6M | $227.0M | $224.5M | $227.3M |
| Total current liabilities | $686.6M | $670.3M | $611.1M | $659.8M | $655.7M | $621.4M | $585.0M | $639.4M | $631.8M | $595.8M | $562.0M | $546.9M |
| Long-term debt | $3.46B | $3.48B | $3.56B | $3.59B | $3.67B | $3.60B | $3.68B | $3.61B | $3.46B | $3.47B | $3.54B | $3.46B |
| Lease obligations | $299.0M | $301.2M | $312.7M | $292.7M | $260.4M | $258.3M | $267.3M | $257.8M | $254.6M | $259.8M | $245.2M | $250.0M |
| Other long-term liabilities | $806.5M | $787.6M | $791.7M | $794.8M | $741.5M | $732.1M | $747.8M | $735.8M | $756.4M | $798.8M | $776.1M | $755.8M |
| Total liabilities | $4.95B | $4.94B | $4.96B | $5.04B | $5.07B | $4.95B | $5.02B | $4.98B | $4.85B | $4.86B | $4.88B | $4.76B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 | $20,000 | $20,000 | $20,000 |
| Retained earnings (deficit) | −$724.9M | −$771.8M | −$800.0M | −$612.6M | −$656.0M | −$703.9M | −$747.0M | −$836.2M | −$765.7M | −$718.9M | −$775.1M | −$861.4M |
| Accumulated other comprehensive income | −$70.5M | −$68.5M | −$69.5M | −$72.8M | −$66.3M | −$78.6M | −$70.6M | −$69.9M | −$47.3M | −$44.8M | −$52.8M | −$44.1M |
| Total shareholders' equity | $910.7M | $870.5M | $856.3M | $1.06B | $1.03B | $1.01B | $1.02B | $1.05B | $1.20B | $1.32B | $1.26B | $1.31B |
| Key figures | ||||||||||||
| Total debt | $3.79B | $3.82B | $4.14B | $3.91B | $3.96B | $3.88B | $3.98B | $3.89B | $3.74B | $3.74B | $3.80B | $3.73B |
| Net cash (debt) | −$3.78B | −$3.80B | −$4.13B | −$3.90B | −$3.95B | −$3.87B | −$3.97B | −$3.88B | −$3.73B | −$3.73B | −$3.79B | −$3.72B |
| Working capital | −$129.4M | −$140.4M | −$86.1M | −$139.5M | −$125.4M | −$102.9M | −$27.5M | −$61.1M | −$55.4M | −$20.4M | $7.1M | $22.3M |
| Tangible book value | −$549.2M | −$600.1M | −$625.4M | −$432.2M | −$469.5M | −$430.2M | −$433.9M | −$383.3M | −$246.8M | −$268.1M | −$335.1M | −$246.8M |
| Book value per share | $5.01 | $4.80 | $4.72 | $5.80 | $5.64 | $5.46 | $5.47 | $5.60 | $6.33 | $6.84 | $6.50 | $6.59 |
| Shares outstanding | 181.8M | 181.5M | 181.5M | 182.8M | 183.4M | 185.3M | 186.2M | 188.3M | 189.7M | 193.1M | 194.1M | 199.3M |
| Current ratio | 0.81 | 0.79 | 0.86 | 0.79 | 0.81 | 0.83 | 0.95 | 0.90 | 0.91 | 0.97 | 1.01 | 1.04 |
| Quick ratio | 0.64 | 0.62 | 0.67 | 0.63 | 0.65 | 0.66 | 0.75 | 0.71 | 0.71 | 0.78 | 0.82 | 0.87 |
| Debt / equity | 4.17 | 4.38 | 4.84 | 3.69 | 3.83 | 3.84 | 3.90 | 3.69 | 3.11 | 2.84 | 3.01 | 2.84 |
| Equity / assets | 15.5% | 15.0% | 14.7% | 17.4% | 16.9% | 17.0% | 16.9% | 17.5% | 19.9% | 21.4% | 20.5% | 21.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 19, 2026); data from EODHD.
WSC financial position
At the end of fiscal 2025 (December 31, 2025), WillScot Mobile Mini had total assets of $5.8 billion (down 3.6% from a year earlier), total liabilities of $5.0 billion and shareholders' equity of $856.3 million. It held $14.6 million in cash and short-term investments against $4.1 billion of debt, net debt of $4.1 billion. Its current ratio was 0.86. In the latest quarter (ended June 30, 2026) total assets were $5.9 billion and equity $910.7 million.
Related: WSC income statement, WSC cash flow statement, WSC key metrics. See the WSC stock overview for the latest quote and news.
WSC balance sheet FAQ
What are WillScot Mobile Mini's total assets?
WillScot Mobile Mini reported total assets of $5.8 billion at the end of fiscal 2025 (December 31, 2025), compared with $6.0 billion a year earlier.
How much debt does WillScot Mobile Mini have?
WillScot Mobile Mini had $4.1 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 4.84.
How much cash does WillScot Mobile Mini have?
WillScot Mobile Mini held $14.6 million in cash and short-term investments at the end of fiscal 2025; with $4.1 billion of debt that is net debt of $4.1 billion.
What is WillScot Mobile Mini's book value?
WillScot Mobile Mini's shareholders' equity (book value) was $856.3 million at the end of fiscal 2025, or $4.69 per share.
What is WillScot Mobile Mini's current ratio?
WillScot Mobile Mini had current assets of $525.1 million and current liabilities of $611.1 million, a current ratio of 0.86 (current liabilities exceed current assets).
How much goodwill does WillScot Mobile Mini have?
WillScot Mobile Mini carried $1.5 billion of goodwill and intangible assets, 25.5% of total assets, at the end of fiscal 2025.