Herbalife Nutrition Ltd. (HLF) 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 | 1.25B | 1.14B | 1.11B | 1.1B | 1.09B | 1.14B | 1.24B | 1.21B | 1.23B | 1.4B | 1.35B | 1.37B | 1.32B | 1.36B | 1.38B | 1.43B | 1.44B | 1.43B | 1.53B | 1.65B |
| Cash & Short-Term Investments | 451.2M | 353.1M | 309.2M | 320.9M | 329.4M | 415.3M | 402.5M | 374M | 398.3M | 575.2M | 495.7M | 526.6M | 454.2M | 508M | 532.5M | 581.4M | 569.7M | 601.5M | 678.2M | 837.5M |
| Cash Only | 451.2M | 353.1M | 309.2M | 320.9M | 329.4M | 415.3M | 402.5M | 374M | 398.3M | 575.2M | 495.7M | 526.6M | 454.2M | 508M | 532.5M | 581.4M | 569.7M | 601.5M | 678.2M | 837.5M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 106M | 91.9M | 107.4M | 96.2M | 90.1M | 68.9M | 82M | 82.8M | 87.9M | 81.2M | 79.5M | 86.3M | 85.1M | 70.6M | 85M | 83.4M | 84M | 66.9M | 85.9M | 107.4M |
| Days Sales Outstanding | 6.76 | 7.15 | 7.35 | 6.73 | 5.86 | 5.75 | 6.11 | 6.06 | 6.09 | 6.08 | 5.95 | 5.94 | 5.6 | 6.06 | 5.98 | 5.47 | 5.08 | 5.33 | 6.21 | 6.12 |
| Inventory | 494.6M | 511.7M | 512.5M | 513.1M | 488M | 475.4M | 515.3M | 480.7M | 501.9M | 505.2M | 496.8M | 525.1M | 545.1M | 580.7M | 537M | 554.3M | 570M | 575.7M | 559.8M | 538.3M |
| Days Inventory Outstanding | 155.56 | 147.6 | 148.08 | 164.5 | 163.47 | 170.36 | 170.51 | 157.92 | 160.78 | 160.26 | 155.04 | 161.45 | 169.66 | 193.58 | 176.08 | 161.99 | 167.88 | 176.11 | 165.51 | 147.49 |
| Other Current Assets | 200.3M | 188M | 177.1M | 172.7M | 186.5M | 184.1M | 244.8M | 276.3M | 238.1M | 237.7M | 274.1M | 233.4M | 237.8M | 196.8M | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 1.62B | 1.64B | 1.59B | 1.63B | 1.59B | 1.58B | 1.41B | 1.39B | 1.42B | 1.41B | 1.38B | 1.4B | 1.37B | 1.38B | 1.34B | 1.37B | 1.39B | 1.39B | 1.33B | 1.31B |
| Property, Plant & Equipment | 598.3M | 616M | 628.4M | 647.6M | 633.9M | 645.9M | 651M | 656.5M | 690M | 692.3M | 683M | 686.3M | 681.9M | 693.4M | 668.5M | 678.1M | 668.5M | 662.1M | 630.3M | 627.7M |
| Fixed Asset Turnover | 2.17x | 2.06x | 2.00x | 1.97x | 1.91x | 1.86x | 1.90x | 1.90x | 1.83x | 1.77x | 1.87x | 1.92x | 1.82x | 1.73x | 1.92x | 2.07x | 2.01x | 2.04x | 2.27x | 2.50x |
| Goodwill | 99.1M | 100.5M | 101M | 101M | 89.2M | 87.7M | 93.1M | 91.5M | 93.9M | 95.4M | 92.8M | 94.4M | 94M | 93.2M | 87.6M | 91.9M | 96M | 95.4M | 96.4M | 99M |
| Intangible Assets | 314.6M | 315.1M | 315.7M | 316.5M | 311.9M | 312.3M | 312.7M | 313.1M | 313.6M | 314M | 314.4M | 314.8M | 315.2M | 315.7M | 316.1M | 316.5M | 316.9M | 317.3M | 317.8M | 313M |
| Long-Term Investments | 0 | 24.5M | 18.8M | 18.6M | 0 | 0 | 10.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.2M | 0 |
| Other Non-Current Assets | 147.4M | 120.8M | 125.4M | 121.7M | 141M | 139.9M | 115.9M | 125.8M | 133.1M | 129.1M | 288.4M | 303.7M | 274.3M | 142M | 269.2M | 286M | 304.2M | 313.2M | 184.8M | 274.8M |
| Total Assets | 2.88B | 2.79B | 2.7B | 2.74B | 2.68B | 2.73B | 2.65B | 2.6B | 2.65B | 2.81B | 2.72B | 2.77B | 2.69B | 2.73B | 2.73B | 2.8B | 2.82B | 2.82B | 2.85B | 2.97B |
| Asset Turnover | 0.47x | 0.47x | 0.47x | 0.46x | 0.45x | 0.45x | 0.47x | 0.49x | 0.46x | 0.44x | 0.47x | 0.48x | 0.46x | 0.43x | 0.47x | 0.49x | 0.47x | 0.46x | 0.49x | 0.55x |
| Asset Growth % | 7.11% | 2.12% | 1.65% | 5.15% | 1.41% | -2.89% | -2.61% | -6.08% | -1.51% | 2.83% | -0.01% | -1.14% | -4.85% | -3.11% | -4.48% | -5.53% | 5.92% | -8.33% | -2.33% | -16.84% |
| Total Current Liabilities | 1.02B | 1.01B | 999.9M | 1.09B | 1.13B | 1.23B | 1.28B | 976.2M | 944.7M | 1.28B | 1.17B | 1.24B | 1.23B | 976.6M | 985.5M | 1.05B | 1.1B | 1.08B | 1.04B | 1.09B |
| Accounts Payable | 88.1M | 99.8M | 88.1M | 91.8M | 85.4M | 70M | 86.6M | 81.3M | 89.9M | 84M | 77.9M | 88.6M | 67.9M | 89.8M | 84.5M | 100.8M | 90.4M | 92M | 98.9M | 105.4M |
| Days Payables Outstanding | 29.05 | 27.08 | 25.97 | 29.12 | 26.37 | 26.93 | 28.74 | 27.52 | 27.76 | 25.89 | 25.26 | 23.61 | 23.77 | 30.19 | 29.9 | 27.55 | 26.73 | 29.61 | 30.79 | 30.49 |
| Short-Term Debt | 9.2M | 56.4M | 58.3M | 168M | 218.7M | 283.5M | 283.3M | 21.7M | 2.9M | 309.5M | 232.6M | 295.8M | 293.7M | 29.5M | 29.5M | 29.4M | 29.4M | 29M | 29.6M | 26.4M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 81.8M | 74.7M | 75M | 0 | 60.5M | 59.6M | 64M | 62.9M | 73.2M | 73.1M | 53.9M | 78.5M | 81M | 81.7M | 63M | 90.1M | 100.8M |
| Other Current Liabilities | 924.8M | 836.1M | 707.4M | 442.4M | 407M | 482.2M | 704.7M | 483.3M | 444.7M | 469.7M | 442.5M | 435M | 429.2M | 451.6M | 436.5M | 461.4M | 517.6M | 535.1M | 499.5M | 485.8M |
| Current Ratio | 1.23x | 1.13x | 1.11x | 1.01x | 0.97x | 0.93x | 0.97x | 1.24x | 1.30x | 1.10x | 1.16x | 1.11x | 1.08x | 1.39x | 1.40x | 1.36x | 1.31x | 1.33x | 1.47x | 1.52x |
| Quick Ratio | 0.74x | 0.62x | 0.59x | 0.54x | 0.54x | 0.54x | 0.57x | 0.75x | 0.77x | 0.70x | 0.73x | 0.68x | 0.63x | 0.79x | 0.86x | 0.83x | 0.79x | 0.79x | 0.93x | 1.02x |
| Cash Conversion Cycle | 133.27 | 127.67 | 129.46 | 142.11 | 142.96 | 149.18 | 147.88 | 136.47 | 139.11 | 140.45 | 135.73 | 143.78 | 151.49 | 169.45 | 152.16 | 139.91 | 146.24 | 151.83 | 140.93 | 123.12 |
| Total Non-Current Liabilities | 2.29B | 2.28B | 2.3B | 2.3B | 2.29B | 2.3B | 2.32B | 2.66B | 2.74B | 2.59B | 2.66B | 2.68B | 2.68B | 3.02B | 3.1B | 3.16B | 3.18B | 3.13B | 3.15B | 3.17B |
| Long-Term Debt | 155.2M | 2.13B | 2B | 1.97B | 1.98B | 1.98B | 1.98B | 2.32B | 2.4B | 2.25B | 2.32B | 2.33B | 2.34B | 2.66B | 2.73B | 2.78B | 2.79B | 2.73B | 2.73B | 2.75B |
| Capital Lease Obligations | 0 | 157.3M | 157M | 165.4M | 167.4M | 169.5M | 167.3M | 173.3M | 163.9M | 167.6M | 174.2M | 184.1M | 186.5M | 192.4M | 187.8M | 196.2M | 195.9M | 201.9M | 200.3M | 210.1M |
| Deferred Tax Liabilities | 0 | 18.9M | 17.8M | 0 | 0 | 0 | 21.2M | 0 | 0 | 0 | 20.6M | 22.6M | 0 | 0 | 0 | 0 | 0 | 0 | 39.6M | 0 |
| Other Non-Current Liabilities | 2.13B | -19.6M | 131.3M | 157.3M | 148.9M | 152.7M | 156.3M | 168.9M | 170M | 171.6M | 149M | 147M | 161.3M | 166.4M | 188.7M | 186.6M | 196M | 196.5M | 214.4M | 206.8M |
| Total Liabilities | 3.31B | 3.3B | 3.3B | 3.39B | 3.42B | 3.53B | 3.61B | 3.64B | 3.68B | 3.87B | 3.83B | 3.92B | 3.91B | 4B | 4.09B | 4.22B | 4.28B | 4.21B | 4.19B | 4.26B |
| Total Debt | 164.4M | 2.34B | 2.21B | 2.35B | 2.4B | 2.47B | 2.47B | 2.55B | 2.61B | 2.77B | 2.76B | 2.84B | 2.85B | 2.92B | 2.98B | 3.05B | 3.05B | 3.01B | 3B | 3.03B |
| Net Debt | -286.8M | 1.99B | 1.9B | 2.02B | 2.07B | 2.05B | 2.07B | 2.18B | 2.21B | 2.19B | 2.27B | 2.32B | 2.4B | 2.41B | 2.45B | 2.46B | 2.48B | 2.41B | 2.33B | 2.19B |
| Debt / Equity | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | 22.13x | 14.41x | 14.38x | 15.64x | 18.22x | 15.67x | 22.60x | 25.80x | 32.97x | 20.46x | 18.65x | 29.08x | 24.95x | 16.92x | 16.45x | 16.75x | 26.89x | 13.90x | 11.42x |
| Net Debt / EBITDA | - | 18.79x | 12.40x | 12.42x | 13.49x | 15.16x | 13.11x | 19.29x | 21.86x | 26.12x | 16.79x | 15.19x | 24.45x | 20.61x | 13.89x | 13.31x | 13.63x | 21.51x | 10.76x | 8.26x |
| Interest Coverage | -0.12x | 1.49x | 2.41x | 2.43x | 2.30x | 1.92x | 2.19x | 1.20x | 1.87x | 1.43x | 2.66x | 3.07x | 1.74x | 2.40x | 4.14x | 4.74x | 4.93x | 2.27x | 4.91x | 5.67x |
| Total Equity | -434.2M | -509.4M | -606M | -654.4M | -736M | -801.1M | -954.2M | -1.04B | -1.04B | -1.06B | -1.1B | -1.15B | -1.22B | -1.27B | -1.36B | -1.42B | -1.45B | -1.39B | -1.33B | -1.29B |
| Equity Growth % | 41.01% | 36.41% | 36.49% | 36.91% | 29% | 24.45% | 13.53% | 9.84% | 15.23% | 16.24% | 18.97% | 18.72% | 15.86% | 9.03% | -2.14% | -9.62% | -6.68% | -62.54% | -46.06% | -387.61% |
| Book Value per Share | -4.01 | -4.92 | -5.83 | -6.33 | -7.20 | -7.85 | -9.36 | -10.20 | -10.29 | -10.57 | -10.99 | -11.56 | -12.20 | -12.79 | -13.78 | -14.34 | -14.29 | -13.43 | -12.37 | -11.72 |
| Total Shareholders' Equity | -441.5M | -515.1M | -612M | -660.5M | -736M | -801.1M | -954.2M | -1.04B | -1.04B | -1.06B | -1.1B | -1.15B | -1.22B | -1.27B | -1.36B | -1.42B | -1.45B | -1.39B | -1.33B | -1.29B |
| Common Stock | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K |
| Retained Earnings | -517.8M | -579.7M | -665.1M | -708.3M | -757.6M | -808M | -985.9M | -1.03B | -1.04B | -1.06B | -1.07B | -1.12B | -1.18B | -1.2B | -1.26B | -1.03B | -1.09B | -1.17B | -1.11B | -1.08B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -328.9M | -328.9M | -328.9M | -328.9M | -328.9M |
| Accumulated OCI | -257.8M | -251.5M | -251.6M | -246.6M | -266.4M | -271.4M | -235.4M | -257.4M | -242.9M | -232M | -253.1M | -238M | -239M | -250.2M | -284.3M | -243.1M | -210M | -211.8M | -204.8M | -192.3M |
| Minority Interest | 7.3M | 5.7M | 6M | 6.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |