Wolverine World Wide, Inc. (WWW) Balance Sheet
WWW balance sheet, 2025
December 31, 2025 · U.S. dollars$1.71B assets = $1.29B liabilities + $423.1M equity
Both columns are drawn to the same scale: what WWW owns equals what it owes plus shareholders’ equity. Hover a block for its value.
WWW financial health
Descriptive bands, not a rating. Fiscal 2025.
WWW balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.43B2016 | $1.71B2025 | −3.8%/yr | |
| Total liabilities | $1.46B2016 | $1.29B2025 | −1.4%/yr | |
| Shareholders’ equity | $974.1M2016 | $408.0M2025 | −9.2%/yr | |
| Cash & short-term investments | $369.8M2016 | $206.3M2025 | −6.3%/yr | |
| Total debt | $820.7M2016 | $762.0M2025 | −0.8%/yr | |
| Net cash (debt) | −$450.9M2016 | −$555.7M2025 | −$104.8M | |
| Working capital | $697.7M2016 | $208.3M2025 | −$489.4M | |
| Book value per share | $10.032016 | $4.992025 | −7.5%/yr | |
| Current ratio | 3.092016 | 1.402025 | −1.69 | |
| Debt / equity | 0.842016 | 1.872025 | +1.03 | |
| Shares outstanding | 97.1M2016 | 81.7M2025 | −1.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
WWW assets
WWW liabilities and equity
WWW debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
WWW balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $206.3M | $152.1M | $179.0M | $131.5M | $161.7M | $347.4M | $180.6M | $143.1M | $481.0M | $369.8M |
| Cash & equivalents | $206.3M | $152.1M | $179.0M | $131.5M | $161.7M | $347.4M | $180.6M | $143.1M | $481.0M | $369.8M |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $0 |
| Receivables | $162.1M | $209.4M | $230.8M | $241.7M | $319.6M | $268.3M | $331.2M | $361.2M | $271.3M | $263.3M |
| Inventory | $274.2M | $240.6M | $373.6M | $745.2M | $365.5M | $243.1M | $348.2M | $317.6M | $276.7M | $348.7M |
| Other current assets | $86.8M | $86.4M | $241.7M | $146.9M | $56.9M | $45.4M | $107.1M | $45.8M | $45.3M | $49.6M |
| Total current assets | $729.4M | $688.5M | $1.03B | $1.27B | $903.7M | $904.2M | $967.1M | $867.7M | $1.07B | $1.03B |
| Property, plant & equipment (net) | $180.5M | $191.8M | $214.5M | $310.9M | $267.2M | $267.1M | $301.8M | $130.9M | $136.7M | $146.1M |
| Goodwill & intangible assets | $640.8M | $629.1M | $636.1M | $826.4M | $1.35B | $897.7M | $1.12B | $1.10B | $1.11B | $1.19B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $158.6M | $159.4M | $187.1M | $90.1M | $66.2M | $68.4M | $89.9M | $83.7M | $76.7M | $67.6M |
| Total assets | $1.71B | $1.67B | $2.06B | $2.49B | $2.59B | $2.14B | $2.48B | $2.18B | $2.40B | $2.43B |
| Liabilities | ||||||||||
| Accounts payable | $174.7M | $200.9M | $206.0M | $272.2M | $222.1M | $185.0M | $202.1M | $202.3M | $162.3M | $150.8M |
| Short-term debt | $110.0M | $113.7M | $349.7M | $474.1M | $273.3M | $44.0M | $406.6M | $132.5M | $38.0M | $40.4M |
| Deferred revenue | — | — | $237.8M | $24.5M | — | — | $2.0M | −$178.7M | −$138.3M | −$162.0M |
| Total current liabilities | $521.1M | $533.1M | $869.4M | $1.11B | $759.6M | $406.0M | $787.4M | $473.1M | $362.3M | $333.7M |
| Long-term debt | $546.7M | $568.0M | $605.8M | $723.0M | $731.8M | $712.5M | $425.9M | $438.0M | $744.6M | $780.3M |
| Lease obligations | $140.3M | $149.7M | $167.1M | $192.7M | $156.5M | $164.3M | $181.3M | — | — | — |
| Other long-term liabilities | $218.4M | $251.2M | $287.6M | $320.4M | $450.6M | $445.9M | $488.3M | $280.4M | $336.9M | $343.6M |
| Total liabilities | $1.29B | $1.35B | $1.76B | $2.15B | $1.94B | $1.56B | $1.70B | $1.19B | $1.44B | $1.46B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $115.5M | $113.7M | $113.0M | $112.2M | $111.6M | $110.4M | $108.3M | $107.6M | $255.6M | $208.8M |
| Retained earnings (deficit) | $917.2M | $849.5M | $834.8M | $907.2M | $1.13B | $1.09B | $1.26B | $1.17B | $992.2M | $1.02B |
| Treasury stock | — | — | — | −$891.3M | −$810.2M | −$764.3M | −$736.2M | −$404.4M | −$223.0M | −$176.3M |
| Accumulated other comprehensive income | −$126.4M | −$147.8M | −$142.2M | −$132.9M | −$98.9M | −$130.6M | −$102.1M | −$88.3M | −$75.2M | −$81.1M |
| Minority interest | $15.1M | $9.2M | $21.4M | $18.4M | $14.8M | $11.6M | $11.7M | $5.6M | $5.6M | $7.6M |
| Total shareholders' equity | $408.0M | $307.3M | $278.6M | $320.6M | $629.6M | $561.4M | $766.7M | $991.6M | $955.2M | $974.1M |
| Key figures | ||||||||||
| Total debt | $762.0M | $797.7M | $1.09B | $1.35B | $1.12B | $886.8M | $979.7M | $570.5M | $782.6M | $820.7M |
| Net cash (debt) | −$555.7M | −$645.6M | −$908.9M | −$1.22B | −$961.6M | −$539.4M | −$799.1M | −$427.4M | −$301.6M | −$450.9M |
| Working capital | $208.3M | $155.4M | $155.7M | $155.0M | $144.1M | $498.2M | $179.7M | $394.6M | $712.0M | $697.7M |
| Tangible book value | −$232.8M | −$321.8M | −$357.5M | −$505.8M | −$719.7M | −$336.3M | −$354.5M | −$109.2M | −$156.1M | −$212.5M |
| Book value per share | $4.99 | $3.83 | $3.51 | $4.02 | $7.56 | $6.93 | $8.79 | $10.44 | $9.94 | $10.03 |
| Shares outstanding | 81.7M | 80.3M | 79.4M | 79.7M | 83.3M | 81.0M | 87.2M | 95.0M | 96.1M | 97.1M |
| Current ratio | 1.40 | 1.29 | 1.18 | 1.14 | 1.19 | 2.23 | 1.23 | 1.83 | 2.97 | 3.09 |
| Quick ratio | 0.71 | 0.68 | 0.47 | 0.34 | 0.63 | 1.52 | 0.65 | 1.07 | 2.08 | 1.90 |
| Debt / equity | 1.87 | 2.60 | 3.90 | 4.21 | 1.78 | 1.58 | 1.28 | 0.58 | 0.82 | 0.84 |
| Equity / assets | 23.9% | 18.4% | 13.5% | 12.9% | 24.3% | 26.3% | 30.9% | 45.4% | 39.8% | 40.1% |
| 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 | $158.5M | $119.6M | $206.3M | $133.9M | $141.0M | $106.5M | $152.1M | $140.2M | $148.3M | $169.7M | $179.0M | $160.4M |
| Cash & equivalents | $158.5M | $119.6M | $206.3M | $133.9M | $141.0M | $106.5M | $152.1M | $140.2M | $148.3M | $169.7M | $179.0M | $160.4M |
| Receivables | $221.1M | $185.5M | $162.1M | $210.8M | $255.4M | $239.2M | $209.4M | $244.4M | $272.2M | $231.2M | $230.8M | $272.0M |
| Inventory | $269.3M | $280.3M | $274.2M | $292.5M | $316.0M | $270.7M | $240.6M | $285.5M | $297.1M | $354.3M | $373.6M | $563.8M |
| Other current assets | $87.3M | $86.7M | $86.8M | $79.6M | $88.8M | $76.0M | $86.4M | $92.2M | $73.2M | $70.7M | $241.7M | $101.0M |
| Total current assets | $736.2M | $672.1M | $729.4M | $716.8M | $801.2M | $692.4M | $688.5M | $762.3M | $790.8M | $825.9M | $1.03B | $1.10B |
| Property, plant & equipment (net) | $183.7M | $182.3M | $180.5M | $185.6M | $196.9M | $196.8M | $191.8M | $196.7M | $193.8M | $205.5M | $214.5M | $275.2M |
| Goodwill & intangible assets | $608.9M | $635.9M | $640.8M | $640.4M | $645.7M | $633.9M | $629.1M | $609.8M | $632.3M | $633.2M | $636.1M | $759.8M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $177.9M | $149.7M | $158.6M | $163.8M | $164.7M | $161.4M | $159.4M | $189.9M | $179.4M | $188.4M | $187.1M | $99.1M |
| Total assets | $1.71B | $1.64B | $1.71B | $1.71B | $1.81B | $1.68B | $1.67B | $1.76B | $1.80B | $1.85B | $2.06B | $2.23B |
| Liabilities | ||||||||||||
| Accounts payable | $383.7M | $138.9M | $174.7M | $149.0M | $228.6M | $174.6M | $200.9M | $230.4M | $181.6M | $202.3M | $206.0M | $197.2M |
| Short-term debt | $91.5M | $126.9M | $110.0M | $164.9M | $181.3M | $179.1M | $113.7M | $168.3M | $267.6M | $311.5M | $349.7M | $418.7M |
| Deferred revenue | — | — | — | — | — | — | — | — | −$32.6M | — | $289.5M | $232.7M |
| Total current liabilities | $475.2M | $438.3M | $521.1M | $533.8M | $646.8M | $551.1M | $533.1M | $618.6M | $665.6M | $730.3M | $869.4M | $851.7M |
| Long-term debt | $547.1M | $546.9M | $546.7M | $546.4M | $563.5M | $565.8M | $568.0M | $567.8M | $579.7M | $581.9M | $605.8M | $716.3M |
| Lease obligations | $144.3M | $146.2M | $140.3M | $145.7M | $152.0M | $149.3M | $149.7M | $156.0M | $152.4M | $163.1M | $167.1M | $180.0M |
| Other long-term liabilities | $216.0M | $221.8M | $218.4M | $235.4M | $241.2M | $246.8M | $251.2M | $275.6M | $280.6M | $280.7M | $287.6M | $300.6M |
| Total liabilities | $1.24B | $1.21B | $1.29B | $1.32B | $1.45B | $1.36B | $1.35B | $1.46B | $1.53B | $1.59B | $1.76B | $1.87B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $116.3M | $116.3M | $115.5M | $115.3M | $114.6M | $114.4M | $113.7M | $113.5M | $113.4M | $113.3M | $113.0M | $112.9M |
| Retained earnings (deficit) | $951.6M | $928.9M | $917.2M | $893.9M | $870.7M | $851.9M | $849.5M | $833.0M | $817.9M | $812.0M | $834.8M | $934.5M |
| Accumulated other comprehensive income | −$123.7M | −$128.2M | −$126.4M | −$144.2M | −$137.0M | −$145.3M | −$147.8M | −$144.1M | −$149.9M | −$147.9M | −$142.2M | −$144.5M |
| Minority interest | $19.2M | $17.3M | $15.1M | $14.3M | $13.0M | — | — | — | — | — | — | — |
| Total shareholders' equity | $449.2M | $415.7M | $408.0M | $376.7M | $344.0M | $310.6M | $307.3M | $288.1M | $262.1M | $252.5M | $278.6M | $342.4M |
| Key figures | ||||||||||||
| Total debt | $745.4M | $785.1M | $762.0M | $822.1M | $860.5M | $860.1M | $797.7M | $858.8M | $967.1M | $1.02B | $1.09B | $1.28B |
| Net cash (debt) | −$586.9M | −$665.5M | −$555.7M | −$688.2M | −$719.5M | −$753.6M | −$645.6M | −$718.6M | −$818.8M | −$850.3M | −$908.9M | −$1.12B |
| Working capital | $261.0M | $233.8M | $208.3M | $183.0M | $154.4M | $141.3M | $155.4M | $143.7M | $125.2M | $95.6M | $155.7M | $245.5M |
| Tangible book value | −$159.7M | −$220.2M | −$232.8M | −$263.7M | −$301.7M | −$323.3M | −$321.8M | −$321.7M | −$370.2M | −$380.7M | −$357.5M | −$417.4M |
| Book value per share | $5.33 | $5.09 | $4.99 | $4.61 | $4.24 | $3.84 | $3.82 | $3.60 | $3.28 | $3.16 | $3.50 | $4.31 |
| Shares outstanding | 84.3M | 81.7M | 81.7M | 81.7M | 81.1M | 80.8M | 80.5M | 80.0M | 80.0M | 79.8M | 79.6M | 79.5M |
| Current ratio | 1.55 | 1.53 | 1.40 | 1.34 | 1.24 | 1.26 | 1.29 | 1.23 | 1.19 | 1.13 | 1.18 | 1.29 |
| Quick ratio | 0.80 | 0.70 | 0.71 | 0.65 | 0.61 | 0.63 | 0.68 | 0.62 | 0.63 | 0.55 | 0.47 | 0.51 |
| Debt / equity | 1.66 | 1.89 | 1.87 | 2.18 | 2.50 | 2.77 | 2.60 | 2.98 | 3.69 | 4.04 | 3.90 | 3.73 |
| Equity / assets | 26.3% | 25.3% | 23.9% | 22.1% | 19.0% | 18.4% | 18.4% | 16.4% | 14.6% | 13.6% | 13.5% | 15.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 27, 2026); data from EODHD.
WWW financial position
At the end of fiscal 2025 (December 31, 2025), Wolverine World Wide had total assets of $1.7 billion (up 2.4% from a year earlier), total liabilities of $1.3 billion and shareholders' equity of $408.0 million. It held $206.3 million in cash and short-term investments against $762.0 million of debt, net debt of $555.7 million. Its current ratio was 1.40. In the latest quarter (ended June 30, 2026) total assets were $1.7 billion and equity $449.2 million.
Related: WWW income statement, WWW cash flow statement, WWW key metrics. See the WWW stock overview for the latest quote and news.
WWW balance sheet FAQ
What are Wolverine World Wide's total assets?
Wolverine World Wide reported total assets of $1.7 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.7 billion a year earlier.
How much debt does Wolverine World Wide have?
Wolverine World Wide had $762.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.87.
How much cash does Wolverine World Wide have?
Wolverine World Wide held $206.3 million in cash and short-term investments at the end of fiscal 2025; with $762.0 million of debt that is net debt of $555.7 million.
What is Wolverine World Wide's book value?
Wolverine World Wide's shareholders' equity (book value) was $408.0 million at the end of fiscal 2025, or $4.99 per share.
What is Wolverine World Wide's current ratio?
Wolverine World Wide had current assets of $729.4 million and current liabilities of $521.1 million, a current ratio of 1.40 (it can cover its short-term obligations).
How much goodwill does Wolverine World Wide have?
Wolverine World Wide carried $640.8 million of goodwill and intangible assets, 37.5% of total assets, at the end of fiscal 2025.