Steelcase Inc. (SCS) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | 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 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 1.01B | 938.7M | 1.03B | 1.07B | 1B | 862.2M | 959.4M | 968.8M | 901.2M | 815.9M | 884M | 914.5M | 952.9M | 917.6M | 959.2M | 1B | 1.03B | 992.1M | 1.05B | 1.08B |
| Cash & Short-Term Investments | 257.9M | 226M | 387.9M | 406.3M | 335.8M | 208.9M | 318.6M | 262M | 153.6M | 40.2M | 90.4M | 55M | 52.2M | 116.7M | 200.9M | 275.2M | 360.7M | 397.2M | 489.8M | 484.4M |
| Cash Only | 216.8M | 183.9M | 346.3M | 365.2M | 296.6M | 173.2M | 318.6M | 262M | 153.6M | 40.2M | 90.4M | 55M | 52.2M | 116.7M | 200.9M | 275.2M | 360.7M | 397.2M | 489.8M | 484.4M |
| Short-Term Investments | 41.1M | 42.1M | 41.6M | 41.1M | 39.2M | 35.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 369.8M | 340.1M | 323.1M | 340.3M | 354.4M | 324.5M | 338.3M | 354.5M | 372.9M | 363.3M | 373.3M | 400.1M | 432.8M | 365.4M | 382.1M | 384.3M | 376.6M | 319.3M | 270.3M | 274.3M |
| Days Sales Outstanding | 150.46 | 159.35 | 149.66 | 156.26 | 151.15 | 162.85 | 159.29 | 166.34 | 159.27 | 176.36 | 169.96 | 176.61 | 182.99 | 180.06 | 185.19 | 190.02 | 189.65 | 209.39 | 145.71 | 162.14 |
| Inventory | 288M | 286.6M | 245.7M | 246M | 241.9M | 247.6M | 231M | 259.8M | 271M | 307.3M | 319.7M | 378.5M | 396.7M | 372M | 326.2M | 286.1M | 233.4M | 227.6M | 193.5M | 235M |
| Days Inventory Outstanding | 179.69 | 203.05 | 167.1 | 169.58 | 157.55 | 185.99 | 158.61 | 180.42 | 173.17 | 216.83 | 207.45 | 234.51 | 236.4 | 247.68 | 213.87 | 195.34 | 164.46 | 206.7 | 145.77 | 195.12 |
| Other Current Assets | 91.4M | 86M | 34.8M | 72.5M | 32.5M | 41.7M | 39.6M | 61.5M | 65.3M | 70.6M | 71.7M | 36M | 40M | 33.7M | 26M | 22.2M | 22.7M | 23.1M | 70.9M | 71.8M |
| Total Non-Current Assets | 1.34B | 1.32B | 1.3B | 1.26B | 1.27B | 1.27B | 1.28B | 1.28B | 1.3B | 1.31B | 1.32B | 1.35B | 1.35B | 1.27B | 1.3B | 1.32B | 1.28B | 1.3B | 1.31B | 1.3B |
| Property, Plant & Equipment | 503.8M | 479.4M | 469.3M | 472.8M | 494.4M | 500.1M | 521.5M | 533.9M | 549.2M | 566.6M | 574.8M | 600.2M | 598.1M | 582.3M | 602.6M | 617.5M | 621.5M | 629.1M | 636.2M | 628.4M |
| Fixed Asset Turnover | 1.78x | 1.62x | 1.68x | 1.68x | 1.73x | 1.45x | 1.49x | 1.46x | 1.56x | 1.33x | 1.39x | 1.38x | 1.44x | 1.27x | 1.25x | 1.20x | 1.17x | 0.88x | 1.06x | 0.98x |
| Goodwill | 276.5M | 275.7M | 273.5M | 273.8M | 275.4M | 274.7M | 274.8M | 274.9M | 277.3M | 277M | 276.8M | 278M | 277M | 241.8M | 242.8M | 242.7M | 218.1M | 218.4M | 218.1M | 215.3M |
| Intangible Assets | 70M | 74.1M | 77M | 81.6M | 86.8M | 90.5M | 94.6M | 98.8M | 103.7M | 107.5M | 111.2M | 117.2M | 123M | 79.6M | 85.5M | 89.1M | 82.3M | 86.8M | 90.4M | 91.3M |
| Long-Term Investments | 56M | 53.9M | 53.3M | 55.7M | 53.6M | 62.6M | 55.7M | 52.6M | 54.6M | 51.4M | 51.1M | 49.4M | 52.2M | 59M | 53.1M | 50.6M | 49.4M | 51.3M | 51.5M | 55.4M |
| Other Non-Current Assets | 283.7M | 267.6M | 261.5M | 251.4M | 242.6M | 222.1M | 214.9M | 200.3M | 193.7M | 189.5M | 187.6M | 192.7M | 184.8M | 185.7M | 196.6M | 195.7M | 196.5M | 196.6M | 199.1M | 199.2M |
| Total Assets | 2.35B | 2.26B | 2.33B | 2.32B | 2.27B | 2.13B | 2.24B | 2.25B | 2.2B | 2.13B | 2.2B | 2.27B | 2.3B | 2.19B | 2.26B | 2.32B | 2.31B | 2.29B | 2.35B | 2.39B |
| Asset Turnover | 0.38x | 0.35x | 0.34x | 0.34x | 0.38x | 0.34x | 0.35x | 0.35x | 0.39x | 0.35x | 0.36x | 0.36x | 0.37x | 0.34x | 0.33x | 0.32x | 0.31x | 0.24x | 0.29x | 0.26x |
| Asset Growth % | 3.56% | 6.02% | 4.19% | 3.3% | 3.3% | 0.09% | 1.54% | -0.95% | -4.52% | -2.8% | -2.57% | -2.17% | -0.47% | -4.49% | -3.95% | -2.79% | -5.17% | -9.84% | -8.24% | -5.49% |
| Total Current Liabilities | 607.1M | 568.5M | 669.1M | 677.6M | 617.6M | 535.1M | 607.1M | 630.6M | 589.9M | 533.6M | 603.3M | 679.1M | 725.1M | 587.3M | 567.2M | 591M | 547.7M | 498.2M | 515M | 569M |
| Accounts Payable | 234M | 241.5M | 228.2M | 249.3M | 233M | 224.6M | 211.3M | 231.6M | 227M | 215.3M | 203.5M | 250M | 274.2M | 256.9M | 243.6M | 257.8M | 234.4M | 199.3M | 181.3M | 200.8M |
| Days Payables Outstanding | 146 | 171.09 | 155.19 | 171.85 | 151.76 | 168.72 | 145.08 | 160.83 | 145.05 | 151.91 | 132.05 | 154.9 | 163.4 | 171.05 | 159.72 | 176.01 | 165.17 | 181 | 136.58 | 166.72 |
| Short-Term Debt | 40.3M | 39.6M | 0 | 0 | 0 | 0 | 0 | 0 | 5.2M | 800K | 35.7M | 70.4M | 118.1M | 37.2M | 5.1M | 5M | 6.1M | 5M | 4.7M | 2.6M |
| Deferred Revenue (Current) | 58.4M | 54M | 43M | 49.6M | 49.9M | 47.4M | 44.8M | 54M | 52.6M | 51.1M | 50.8M | 56.3M | 65.3M | 49.5M | 53.4M | 56.2M | 47.4M | 42.2M | 33.7M | 59.9M |
| Other Current Liabilities | 234.1M | 54M | 237M | 209.1M | 152.5M | 72.1M | 206M | 140.2M | 52.6M | 74.6M | 151.2M | 132.6M | 85.2M | 75.9M | 64.9M | 84.1M | 89.5M | 87.8M | 45.6M | 102.7M |
| Current Ratio | 1.66x | 1.65x | 1.54x | 1.57x | 1.62x | 1.61x | 1.58x | 1.54x | 1.53x | 1.53x | 1.47x | 1.35x | 1.31x | 1.56x | 1.69x | 1.70x | 1.88x | 1.99x | 2.03x | 1.91x |
| Quick Ratio | 1.18x | 1.15x | 1.17x | 1.21x | 1.23x | 1.15x | 1.20x | 1.12x | 1.07x | 0.95x | 0.94x | 0.79x | 0.77x | 0.93x | 1.12x | 1.21x | 1.45x | 1.53x | 1.65x | 1.49x |
| Cash Conversion Cycle | 184.15 | 191.31 | 161.56 | 153.98 | 156.95 | 180.13 | 172.81 | 185.92 | 187.38 | 241.27 | 245.36 | 256.22 | 255.99 | 256.7 | 239.35 | 209.34 | 188.95 | 235.09 | 154.9 | 190.53 |
| Total Non-Current Liabilities | 728.5M | 704.2M | 709.6M | 710.9M | 720.5M | 719.2M | 742.5M | 740.4M | 755.6M | 762.8M | 773.3M | 779.7M | 778.1M | 785.4M | 841.6M | 871.2M | 864.5M | 861.1M | 878.5M | 868.5M |
| Long-Term Debt | 447.4M | 562.3M | 447.1M | 446.9M | 446.7M | 446.5M | 446.3M | 446.1M | 445.9M | 445.7M | 445.5M | 445.6M | 445.4M | 445.2M | 477.4M | 477.9M | 478.4M | 478.7M | 479.2M | 480.2M |
| Capital Lease Obligations | 132.8M | 115M | 113.9M | 111.9M | 122.1M | 122.8M | 138.6M | 142.1M | 153M | 163.5M | 169.9M | 168.7M | 168.7M | 172.2M | 182.2M | 195.8M | 193.4M | 191.2M | 199.5M | 191.4M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 148.3M | 141.9M | 148.6M | 152.1M | 151.7M | 149.9M | 157.6M | 152.2M | 156.7M | 153.6M | 157.9M | 165.4M | 164M | 168M | 182M | 197.5M | 192.7M | 191.2M | 199.8M | 196.9M |
| Total Liabilities | 1.34B | 1.27B | 1.38B | 1.39B | 1.34B | 1.25B | 1.35B | 1.37B | 1.35B | 1.3B | 1.38B | 1.46B | 1.5B | 1.37B | 1.41B | 1.46B | 1.41B | 1.36B | 1.39B | 1.44B |
| Total Debt | 620.5M | 601.9M | 600.7M | 599.2M | 610.8M | 611M | 630M | 633.2M | 651.4M | 656M | 695.8M | 727.3M | 772.9M | 697.8M | 708.9M | 722.4M | 721.2M | 718.2M | 727.2M | 716.1M |
| Net Debt | 403.7M | 418M | 254.4M | 234M | 314.2M | 437.8M | 311.4M | 371.2M | 497.8M | 615.8M | 605.4M | 672.3M | 720.7M | 581.1M | 508M | 447.2M | 360.5M | 321M | 237.4M | 231.7M |
| Debt / Equity | 0.61x | 0.61x | 0.63x | 0.64x | 0.65x | 0.70x | 0.71x | 0.72x | 0.76x | 0.79x | 0.84x | 0.90x | 0.97x | 0.86x | 0.83x | 0.84x | 0.80x | 0.77x | 0.76x | 0.76x |
| Debt / EBITDA | 8.57x | 13.97x | 19.96x | 9.82x | 5.55x | 16.16x | 12.38x | 9.76x | 10.46x | 23.68x | 13.51x | 16.53x | 14.61x | 91.82x | 30.69x | 19.58x | 13.26x | - | 26.16x | 23.95x |
| Net Debt / EBITDA | 5.58x | 9.70x | 8.45x | 3.84x | 2.86x | 11.58x | 6.12x | 5.72x | 7.99x | 22.23x | 11.76x | 15.28x | 13.62x | 76.46x | 21.99x | 12.12x | 6.63x | - | 8.54x | 7.75x |
| Interest Coverage | 8.43x | 4.05x | 1.40x | 6.51x | 14.06x | 2.84x | 4.78x | 6.84x | 6.21x | 1.11x | 3.99x | 2.70x | 4.08x | -1.97x | 0.33x | 2.45x | 5.30x | -4.97x | 1.05x | 1.38x |
| Total Equity | 1.02B | 982.7M | 951.7M | 932.6M | 933M | 873.1M | 887.1M | 875.9M | 853.1M | 829.1M | 826.2M | 809.6M | 799.4M | 814.1M | 852.2M | 856.6M | 901.3M | 930.3M | 960.5M | 947.8M |
| Equity Growth % | 8.94% | 12.55% | 7.28% | 6.47% | 9.37% | 5.31% | 7.37% | 8.19% | 6.72% | 1.84% | -3.05% | -5.49% | -11.31% | -12.49% | -11.28% | -9.62% | -4.94% | 5.6% | -1.02% | 1.73% |
| Book Value per Share | 8.52 | 8.26 | 8.01 | 8.12 | 7.85 | 7.56 | 7.39 | 7.64 | 7.46 | 7.25 | 7.02 | 6.88 | 7.06 | 7.22 | 7.36 | 7.57 | 7.80 | 8.05 | 8.13 | 8.03 |
| Total Shareholders' Equity | 1.02B | 982.7M | 951.7M | 932.6M | 933M | 873.1M | 887.1M | 875.9M | 853.1M | 829.1M | 826.2M | 809.6M | 799.4M | 814.1M | 852.2M | 856.6M | 901.3M | 930.3M | 960.5M | 947.8M |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 1.01B | 987.3M | 985.9M | 970.1M | 962.8M | 911.4M | 912.8M | 903.4M | 884.4M | 868.7M | 879.3M | 875.3M | 875.5M | 872.8M | 901.3M | 920.2M | 952.2M | 947.8M | 988M | 993.1M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -35.5M | -42M | -63.5M | -62.1M | -58.7M | -66.6M | -66.9M | -64.8M | -65.9M | -69.7M | -72.5M | -81.3M | -89.8M | -69M | -50.6M | -63.6M | -50.9M | -38.8M | -40M | -48.8M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |