Houlihan Lokey, Inc. (HLI) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q4'26 | Q3'26 | Q2'26 | 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 |
|---|
| Total Current Assets | 1.86B | 1.58B | 1.52B | 1.24B | 1.56B | 1.25B | 1.1B | 856.6M | 1.15B | 921.07M | 806.81M | 719.8M | 1.04B | 849.74M | 795.3M | 729.97M | 1.08B | 1.34B | 1.17B | 961.12M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 31.09 | 29.64 | 32.74 | 35.74 | 28.63 | 27.97 | 32.94 | 34.75 | 30.81 | 27.45 | 28.55 | 34.97 | 32.38 | 27.53 | 25.11 | 30 | 32.47 | 16.73 | 18.67 | 24.32 |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 4.57M | 4.57M | 1.45M | 1.45M | 619K | 619K | 373K | 373K | 373K | 373K | 373K | 373K | 373K | 373K | 373K | 373K | 373K |
| Total Non-Current Assets | 2.45B | 2.35B | 2.27B | 2.27B | 2.26B | 2.23B | 2.11B | 2.09B | 2.02B | 2.04B | 1.97B | 1.99B | 1.93B | 1.82B | 1.71B | 1.71B | 1.8B | 1.7B | 1.19B | 1.19B |
| Property, Plant & Equipment | 142.88M | 556.57M | 497.81M | 514.83M | 512.02M | 496.04M | 508.47M | 505.59M | 480.73M | 487.29M | 483.11M | 480.49M | 422.22M | 331.35M | 230.5M | 218.76M | 224.12M | 213.75M | 186.64M | 191.81M |
| Fixed Asset Turnover | 1.82x | 1.36x | 1.30x | 1.18x | 1.32x | 1.26x | 1.13x | 1.04x | 1.08x | 1.05x | 0.97x | 0.92x | 1.18x | 1.62x | 2.18x | 1.89x | 2.15x | 4.44x | 2.84x | 1.91x |
| Goodwill | 1.4B | 1.29B | 1.29B | 1.3B | 1.28B | 1.28B | 1.18B | 1.18B | 1.13B | 1.13B | 1.09B | 1.09B | 1.09B | 1.06B | 1.05B | 1.06B | 1.07B | 1.08B | 679.32M | 671.95M |
| Intangible Assets | 204.2M | 199.6M | 200.88M | 203.62M | 212.67M | 222.11M | 196.64M | 198.71M | 197.44M | 199.94M | 196.65M | 200.15M | 203.37M | 204.84M | 214.6M | 230.94M | 247.33M | 263.49M | 204.64M | 194.09M |
| Long-Term Investments | 0 | 43.46M | 28.67M | 29.54M | 28.3M | 28.08M | 26.4M | 26.13M | 30.44M | 30.04M | 27.29M | 28.97M | 31.05M | 36.77M | 35.74M | 35.59M | 109.14M | 39.83M | 40.42M | 47.86M |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 4.31B | 3.94B | 3.79B | 3.52B | 3.82B | 3.48B | 3.21B | 2.94B | 3.17B | 2.96B | 2.78B | 2.71B | 2.97B | 2.67B | 2.51B | 2.44B | 2.89B | 3.05B | 2.36B | 2.15B |
| Asset Turnover | 0.15x | 0.19x | 0.18x | 0.17x | 0.18x | 0.19x | 0.19x | 0.17x | 0.17x | 0.18x | 0.17x | 0.15x | 0.16x | 0.18x | 0.20x | 0.16x | 0.16x | 0.33x | 0.24x | 0.16x |
| Asset Growth % | 12.81% | 13.26% | 18.07% | 19.53% | 20.47% | 17.47% | 15.5% | 8.72% | 6.8% | 10.75% | 10.81% | 11.12% | 2.84% | -12.28% | 6.51% | 13.34% | 18.99% | 43.68% | 28.4% | 26.51% |
| Total Current Liabilities | 1.21B | 988.79M | 931.62M | 797.55M | 1.13B | 888.43M | 783.99M | 637.81M | 873.34M | 716.42M | 685.17M | 604.01M | 919.99M | 799.2M | 823.1M | 776.33M | 1.17B | 1.19B | 689.43M | 549.78M |
| Accounts Payable | 135.94M | 107.66M | 108.86M | 105.6M | 137.23M | 123.13M | 104.66M | 110.11M | 114.17M | 100.32M | 95.13M | 91.1M | 113.42M | 119.97M | 98.18M | 98.64M | 126.19M | 123.39M | 60.27M | 70.26M |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 1.53x | 1.60x | 1.63x | 1.56x | 1.38x | 1.40x | 1.41x | 1.34x | 1.32x | 1.29x | 1.18x | 1.19x | 1.13x | 1.06x | 0.97x | 0.94x | 0.93x | 1.12x | 1.69x | 1.75x |
| Quick Ratio | 1.53x | 1.60x | 1.63x | 1.56x | 1.38x | 1.40x | 1.41x | 1.34x | 1.32x | 1.29x | 1.18x | 1.19x | 1.13x | 1.06x | 0.97x | 0.94x | 0.93x | 1.12x | 1.69x | 1.75x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 643.49M | 654.2M | 614.85M | 542.43M | 516.37M | 506.79M | 471.68M | 475.63M | 460.67M | 473.18M | 450.31M | 487.76M | 435.52M | 331.79M | 240.43M | 241.97M | 273.29M | 321.97M | 229.66M | 214.7M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 307K | 506K | 537K | 539K | 539K | 711K | 744K |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 1.86B | 1.64B | 1.55B | 1.34B | 1.64B | 1.4B | 1.26B | 1.11B | 1.33B | 1.19B | 1.14B | 1.09B | 1.36B | 1.13B | 1.06B | 1.02B | 1.44B | 1.52B | 919.09M | 764.48M |
| Total Debt | 492.11M | 497.13M | 432.9M | 440.38M | 438.19M | 433.03M | 431.22M | 435.2M | 415.41M | 420.11M | 419.42M | 429.08M | 374.87M | 284.04M | 189.44M | 188.58M | 197.63M | 187.8M | 164.92M | 169.37M |
| Net Debt | -697.35M | -559.35M | -490.68M | -353.44M | -532.82M | -366.31M | -260.19M | -14.5M | -305.82M | -135.43M | -74.51M | -27.03M | -339.57M | -265.39M | -314.36M | -300.37M | -636.07M | -870.8M | -758.09M | -612.83M |
| Debt / Equity | 0.20x | 0.22x | 0.19x | 0.20x | 0.20x | 0.21x | 0.22x | 0.24x | 0.23x | 0.24x | 0.25x | 0.27x | 0.23x | 0.18x | 0.13x | 0.13x | 0.14x | 0.12x | 0.11x | 0.12x |
| Debt / EBITDA | 3.26x | 2.66x | 2.68x | 4.16x | 2.83x | 2.97x | 3.12x | 4.20x | 3.74x | 4.07x | 4.31x | 5.37x | 3.87x | 2.92x | 1.74x | 1.95x | 1.67x | 0.70x | 1.02x | 1.51x |
| Net Debt / EBITDA | -4.62x | -3.00x | -3.04x | -3.34x | -3.45x | -2.51x | -1.88x | -0.14x | -2.76x | -1.31x | -0.77x | -0.34x | -3.50x | -2.72x | -2.89x | -3.11x | -5.37x | -3.23x | -4.69x | -5.48x |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 2.45B | 2.29B | 2.25B | 2.18B | 2.17B | 2.08B | 1.96B | 1.83B | 1.84B | 1.77B | 1.65B | 1.62B | 1.61B | 1.54B | 1.45B | 1.42B | 1.44B | 1.53B | 1.44B | 1.38B |
| Equity Growth % | 12.78% | 10.25% | 14.81% | 19.04% | 18.41% | 17.59% | 18.89% | 13.28% | 13.85% | 14.84% | 13.78% | 13.93% | 11.75% | 0.73% | 0.62% | 2.38% | 4.35% | 12.93% | 14.96% | 14.46% |
| Book Value per Share | 36.04 | 33.52 | 32.76 | 31.61 | 31.44 | 30.26 | 28.60 | 26.71 | 26.82 | 26.06 | 24.25 | 23.75 | 23.69 | 22.10 | 20.73 | 20.60 | 21.40 | 22.40 | 20.97 | 20.15 |
| Total Shareholders' Equity | 2.34B | 2.29B | 2.25B | 2.18B | 2.17B | 2.08B | 1.96B | 1.83B | 1.84B | 1.77B | 1.65B | 1.62B | 1.61B | 1.54B | 1.45B | 1.42B | 1.44B | 1.53B | 1.44B | 1.38B |
| Common Stock | 69K | 69K | 71K | 70K | 70K | 70K | 69K | 69K | 69K | 69K | 69K | 69K | 69K | 68K | 69K | 69K | 68K | 68K | 68K | 69K |
| Retained Earnings | 1.65B | 1.59B | 1.52B | 1.45B | 1.39B | 1.31B | 1.26B | 1.21B | 1.16B | 1.12B | 1.09B | 1.06B | 1.03B | 1.01B | 981.2M | 955.48M | 922.22M | 887M | 741.68M | 657.38M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -48.91M | -29.47M | -29.03M | -14.96M | -63.28M | -86.36M | -38.21M | -69.57M | -66.61M | -54.15M | -79.72M | -59.84M | -62.81M | -70.01M | -94.21M | -65.66M | -43.35M | -26.41M | -24.59M | -18.55M |
| Minority Interest | 110.55M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |