Graham Holdings Company (GHC) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 2.21B | 2.43B | 2.24B | 2.01B | 2.03B | 2.1B | 2.08B | 1.94B | 1.95B | 1.85B | 1.8B | 1.67B | 1.64B | 1.71B | 1.64B | 1.6B | 1.77B | 1.85B | 1.7B | 1.64B |
| Cash & Short-Term Investments | 1.11B | 1.36B | 1.2B | 1.07B | 1.07B | 1.12B | 1.08B | 962.75M | 933.8M | 898.92M | 832.33M | 773.04M | 739.85M | 812.19M | 780.97M | 808.05M | 949.19M | 970.33M | 912.96M | 880.54M |
| Cash Only | 135.68M | 266.99M | 190.82M | 176.22M | 156.7M | 260.85M | 244.36M | 140.72M | 130.86M | 201.89M | 159.98M | 111.74M | 123.47M | 189.79M | 170.21M | 145.22M | 132.22M | 145.89M | 133.88M | 114.8M |
| Short-Term Investments | 972.7M | 1.09B | 1.01B | 898.15M | 909.04M | 858.74M | 831.76M | 822.03M | 802.94M | 697.03M | 672.35M | 661.31M | 616.38M | 622.41M | 610.76M | 662.83M | 816.97M | 824.45M | 779.07M | 765.74M |
| Accounts Receivable | 520.48M | 576.75M | 550.4M | 475.9M | 504.84M | 522.14M | 519.59M | 469.89M | 503.13M | 531.93M | 543.26M | 470.41M | 510.85M | 570.09M | 559.5M | 515.12M | 532.93M | 640.22M | 594.25M | 533.43M |
| Days Sales Outstanding | - | 41.45 | 36.92 | 36.7 | 39.64 | 38.46 | 37.7 | 37.35 | 40.86 | 42.39 | 41.95 | 40.4 | 47.15 | 48.83 | 48.83 | 51.09 | 57.71 | 65.81 | 64.09 | 60.43 |
| Inventory | 306.89M | 303.37M | 306.26M | 267.2M | 262.49M | 295.81M | 306.5M | 323.54M | 326.66M | 297.21M | 279.21M | 259.22M | 246.22M | 226.81M | 209.8M | 178.28M | 156.68M | 141.47M | 100.26M | 126.39M |
| Days Inventory Outstanding | - | 30.93 | 28.26 | 27.82 | 29.64 | 32.75 | 35.05 | 35.56 | 34.62 | 32.09 | 31.69 | 29.95 | 29.27 | 28.07 | 25.7 | 24.12 | 21.8 | 19.83 | 19 | 22.03 |
| Other Current Assets | 273.2M | 195.01M | 54.14M | 64.77M | 58.47M | 44.61M | 42.43M | 51.4M | 49.88M | 1.3M | 42.55M | 44.15M | 32.69M | 1.55M | 1.94M | 2.41M | 27.05M | 13.42M | 15.91M | 17.61M |
| Total Non-Current Assets | 5.97B | 5.96B | 5.61B | 5.61B | 5.59B | 5.58B | 5.34B | 5.29B | 5.3B | 5.34B | 4.89B | 4.94B | 4.9B | 4.87B | 5.64B | 5.56B | 5.59B | 5.58B | 4.98B | 4.94B |
| Property, Plant & Equipment | 963.51M | 992.25M | 963.94M | 951.79M | 936.37M | 937.78M | 971.16M | 949.75M | 944.25M | 969.5M | 946.45M | 931.54M | 931.93M | 932.4M | 889.48M | 877.25M | 894.66M | 906.1M | 888.33M | 817.55M |
| Fixed Asset Turnover | - | 1.28x | 1.34x | 1.29x | 1.24x | 1.31x | 1.26x | 1.25x | 1.20x | 1.22x | 1.18x | 1.19x | 1.11x | 1.17x | 1.15x | 1.05x | 1.02x | 0.96x | 0.95x | 0.97x |
| Goodwill | 1.6B | 1.59B | 1.57B | 1.54B | 1.51B | 1.5B | 1.53B | 1.51B | 1.51B | 1.53B | 1.5B | 1.57B | 1.57B | 1.56B | 1.63B | 1.62B | 1.65B | 1.65B | 1.61B | 1.65B |
| Intangible Assets | 170.32M | 170.81M | 234.21M | 203.41M | 212.63M | 221.02M | 254.76M | 260.39M | 288.94M | 300.06M | 308.56M | 315.39M | 327.59M | 340.36M | 377.18M | 354.16M | 372.17M | 389.3M | 368.34M | 385.82M |
| Long-Term Investments | 237.05M | 229.56M | 201.14M | 158.06M | 156.94M | 169.13M | 168.16M | 185.5M | 186.67M | 226.28M | 191.41M | 198.26M | 194.96M | 213.37M | 191.07M | 192.26M | 172.58M | 155.44M | 171.25M | 164.2M |
| Other Non-Current Assets | 2.99B | 2.98B | 2.63B | 2.75B | 2.76B | 2.74B | 2.4B | 2.38B | 2.36B | 2.31B | 1.94B | 1.92B | 1.87B | 1.82B | 2.54B | 2.51B | 2.5B | 2.47B | 1.93B | 1.91B |
| Total Assets | 8.18B | 8.4B | 7.85B | 7.62B | 7.62B | 7.68B | 7.42B | 7.23B | 7.26B | 7.19B | 6.69B | 6.6B | 6.54B | 6.58B | 7.28B | 7.16B | 7.36B | 7.43B | 6.68B | 6.58B |
| Asset Turnover | - | 0.15x | 0.17x | 0.16x | 0.15x | 0.17x | 0.16x | 0.16x | 0.16x | 0.17x | 0.17x | 0.17x | 0.16x | 0.15x | 0.14x | 0.13x | 0.12x | 0.12x | 0.12x | 0.12x |
| Asset Growth % | 7.41% | 9.36% | 5.81% | 5.32% | 4.97% | 6.81% | 10.94% | 9.54% | 10.9% | 9.2% | -8.08% | -7.78% | -11.11% | -11.36% | 8.95% | 8.89% | 12.91% | 15.23% | 14.94% | 15.94% |
| Total Current Liabilities | 1.23B | 1.39B | 1.69B | 1.58B | 1.25B | 1.2B | 1.33B | 1.21B | 1.24B | 1.23B | 1.15B | 1.11B | 1.13B | 1.17B | 1.14B | 1.02B | 1.04B | 1.17B | 1.02B | 902.6M |
| Accounts Payable | 0 | 180.41M | 176.51M | 164.11M | 146.62M | 159.88M | 158.76M | 153.13M | 137.7M | 153.98M | 136.47M | 135.17M | 133.81M | 136.19M | 108.16M | 131.6M | 100.26M | 126.98M | 105.14M | 116.61M |
| Days Payables Outstanding | - | 18.11 | 16.79 | 16.32 | 16.27 | 17.33 | 17.35 | 15.91 | 16.19 | 16.17 | 15.99 | 15.94 | 16.71 | 15.71 | 15.87 | 16.7 | 16.61 | 19.04 | 18.59 | 47.66 |
| Short-Term Debt | 165.68M | 263.96M | 424.87M | 502.12M | 149.18M | 84.82M | 34.14M | 101.87M | 76.84M | 131.5M | 21.88M | 141.16M | 126.62M | 225.82M | 221.8M | 177.07M | 107.52M | 141.75M | 44.25M | 4.25M |
| Deferred Revenue (Current) | 361.62M | 411.65M | 425.62M | 356.31M | 402.05M | 390.98M | 438.5M | 326.23M | 387.08M | 396.75M | 414.52M | 319.55M | 373.17M | 381.42M | 362.35M | 283.7M | 346.09M | 358.72M | 371.21M | 284.01M |
| Other Current Liabilities | 705.03M | 523.56M | 190.71M | 153.98M | 142.65M | 114.68M | 171.57M | 147.77M | 136.08M | 385.46M | 137.23M | 112.14M | 298.68M | 277M | 294.33M | 269.58M | 271.43M | 179.31M | 160.06M | 139.13M |
| Current Ratio | 1.79x | 1.75x | 1.32x | 1.27x | 1.62x | 1.75x | 1.57x | 1.61x | 1.57x | 1.50x | 1.56x | 1.50x | 1.46x | 1.45x | 1.44x | 1.57x | 1.69x | 1.58x | 1.67x | 1.82x |
| Quick Ratio | 1.54x | 1.53x | 1.14x | 1.10x | 1.41x | 1.50x | 1.34x | 1.34x | 1.31x | 1.26x | 1.32x | 1.27x | 1.24x | 1.26x | 1.25x | 1.39x | 1.54x | 1.46x | 1.57x | 1.68x |
| Cash Conversion Cycle | - | 54.27 | 48.39 | 48.2 | 53 | 53.89 | 55.41 | 57.01 | 59.29 | 58.31 | 57.65 | 54.42 | 59.72 | 61.19 | 58.65 | 58.52 | 62.9 | 66.59 | 64.5 | 34.8 |
| Total Non-Current Liabilities | 2.15B | 2.14B | 1.62B | 1.61B | 2B | 2.15B | 2.02B | 1.99B | 1.92B | 1.89B | 1.8B | 1.64B | 1.62B | 1.6B | 1.81B | 1.78B | 1.83B | 1.83B | 1.69B | 1.7B |
| Long-Term Debt | 1.08B | 1.08B | 307.03M | 314.25M | 715.46M | 721.62M | 731.05M | 732.9M | 738.71M | 745.08M | 739.81M | 565.56M | 568.1M | 570.55M | 568.53M | 511.57M | 523.1M | 525.75M | 511.63M | 506.08M |
| Capital Lease Obligations | 0 | 384.96M | 379.09M | 375.89M | 371.33M | 367.93M | 386.25M | 377.43M | 367.21M | 376.68M | 372.02M | 383.32M | 387.87M | 393.63M | 387.14M | 401.98M | 405.12M | 405.2M | 392.44M | 407.74M |
| Deferred Tax Liabilities | 896.99M | 890.98M | 757.9M | 742.5M | 739.87M | 739.26M | 607.54M | 602.66M | 609.12M | 600.12M | 482.42M | 485.47M | 462.11M | 466.27M | 668.96M | 670.51M | 686.88M | 676.71M | 522.92M | 531.35M |
| Other Non-Current Liabilities | 173.71M | -221M | 174.04M | 172.5M | 170.21M | 323.01M | 293M | 279.5M | 203.63M | 169.35M | 201.07M | 201.7M | 204.22M | 172.43M | 189.71M | 192.93M | 214.87M | 225.55M | 258.13M | 252.86M |
| Total Liabilities | 3.38B | 3.53B | 3.31B | 3.18B | 3.25B | 3.35B | 3.35B | 3.2B | 3.16B | 3.12B | 2.95B | 2.74B | 2.75B | 2.78B | 2.96B | 2.8B | 2.87B | 3B | 2.71B | 2.6B |
| Total Debt | 1.25B | 1.73B | 1.17B | 1.25B | 1.3B | 1.23B | 1.21B | 1.27B | 1.24B | 1.25B | 1.2B | 1.16B | 1.15B | 1.19B | 1.18B | 1.09B | 1.11B | 1.15B | 1.03B | 1B |
| Net Debt | 1.11B | 1.47B | 982.78M | 1.08B | 1.14B | 971.75M | 968.64M | 1.13B | 1.11B | 1.05B | 1.04B | 1.05B | 1.03B | 1B | 1.01B | 945.41M | 975.65M | 1B | 898.59M | 889.41M |
| Debt / Equity | 0.26x | 0.36x | 0.26x | 0.28x | 0.30x | 0.28x | 0.30x | 0.32x | 0.30x | 0.31x | 0.32x | 0.30x | 0.30x | 0.31x | 0.27x | 0.25x | 0.25x | 0.26x | 0.26x | 0.25x |
| Debt / EBITDA | 21.55x | 16.64x | 9.98x | 10.97x | 14.43x | 8.77x | 7.94x | 17.22x | 14.53x | 13.61x | 12.92x | 10.70x | 14.60x | 9.96x | 10.54x | 12.18x | 12.05x | 15.13x | 16.30x | 11.15x |
| Net Debt / EBITDA | 19.21x | 14.08x | 8.35x | 9.43x | 12.68x | 6.92x | 6.34x | 15.32x | 13.00x | 11.41x | 11.19x | 9.67x | 13.03x | 8.37x | 9.02x | 10.56x | 10.61x | 13.21x | 14.19x | 9.88x |
| Interest Coverage | 3.56x | 44.64x | 4.25x | 4.00x | 0.58x | 16.29x | 5.36x | 0.84x | 9.74x | 3.86x | 0.01x | 15.10x | 6.05x | 3.02x | 5.01x | -4.51x | 12.58x | 12.69x | 4.59x | 22.61x |
| Total Equity | 4.77B | 4.87B | 4.54B | 4.43B | 4.37B | 4.33B | 4.07B | 4.03B | 4.09B | 4.07B | 3.74B | 3.86B | 3.79B | 3.81B | 4.32B | 4.36B | 4.49B | 4.43B | 3.97B | 3.98B |
| Equity Growth % | 9.1% | 12.39% | 11.53% | 9.94% | 6.71% | 6.49% | 8.79% | 4.51% | 7.99% | 6.87% | -13.41% | -11.56% | -15.5% | -14.02% | 8.76% | 9.76% | 15.57% | 16.86% | 21.92% | 23.24% |
| Book Value per Share | 720061.03 | 1111.48 | 1037.16 | 1014.05 | 1002.60 | 997.61 | 928.63 | 916.50 | 918.71 | 900.73 | 813.13 | 818.91 | 793.89 | 795.10 | 896.62 | 901.26 | 918.58 | 899.22 | 798.42 | 797.58 |
| Total Shareholders' Equity | 4.73B | 4.79B | 4.46B | 4.35B | 4.29B | 4.26B | 4B | 3.97B | 4.04B | 3.98B | 3.69B | 3.81B | 3.75B | 3.73B | 4.26B | 4.31B | 4.46B | 4.4B | 3.96B | 3.97B |
| Common Stock | -4.5B | 20M | 20M | 20M | 20M | 20M | 20M | 20M | 20M | 20M | 20M | 20M | 20M | 20M | 20M | 20M | 20M | 20M | 20M | 20M |
| Retained Earnings | 8.31B | 8.29B | 8.18B | 8.07B | 8.04B | 8.03B | 7.48B | 7.42B | 7.45B | 7.34B | 7.28B | 7.31B | 7.2B | 7.16B | 7.16B | 7.13B | 7.21B | 7.13B | 7.04B | 7.01B |
| Treasury Stock | 0 | -4.49B | -4.48B | -4.48B | -4.48B | -4.49B | -4.47B | -4.42B | -4.39B | -4.37B | -4.31B | -4.24B | -4.2B | -4.18B | -4.16B | -4.14B | -4.12B | -4.11B | -4.07B | -4.05B |
| Accumulated OCI | 0 | 587.08M | 371.03M | 379.88M | 347.89M | 334.8M | 606.22M | 586.53M | 591.85M | 614.34M | 302.7M | 332.59M | 336.74M | 336.15M | 849.82M | 905.27M | 958.25M | 971.39M | 587.07M | 603.19M |
| Minority Interest | 6.03M | 73.13M | 83.95M | 82.52M | 74.94M | 73.97M | 66.8M | 65.44M | 51.22M | 91.08M | 53.52M | 50.05M | 44.39M | 73.95M | 62.02M | 55.2M | 27.11M | 26.4M | 9.9M | 7.83M |