Vertiv Holdings Co (VRT) 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 | 7.98B | 6.82B | 6.55B | 6.3B | 5.46B | 5.1B | 4.8B | 4.19B | 3.63B | 4B | 3.62B | 3.38B | 3.34B | 3.16B | 2.97B | 2.81B | 2.72B | 2.7B | 2.86B | 2.85B |
| Cash & Short-Term Investments | 2.5B | 1.83B | 1.99B | 1.75B | 1.48B | 1.23B | 917.4M | 587.7M | 280.5M | 788.6M | 505M | 280.2M | 280.8M | 273.2M | 268.7M | 205.3M | 296.5M | 447.1M | 751.6M | 716.8M |
| Cash Only | 2.15B | 1.73B | 1.44B | 1.66B | 1.48B | 1.23B | 917.4M | 587.7M | 280.5M | 788.6M | 505M | 280.2M | 280.8M | 273.2M | 268.7M | 205.3M | 296.5M | 447.1M | 751.6M | 716.8M |
| Short-Term Investments | 349.9M | 99.5M | 544.6M | 98.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 3.15B | 3.11B | 2.81B | 2.83B | 2.31B | 2.36B | 2.33B | 2.22B | 2.1B | 2.19B | 2.02B | 2.02B | 1.99B | 1.89B | 1.74B | 1.68B | 1.53B | 1.54B | 1.39B | 1.37B |
| Days Sales Outstanding | 106.28 | 94.55 | 96.99 | 88.68 | 103.29 | 91.97 | 100.88 | 100.56 | 118.87 | 103.72 | 106.73 | 105.33 | 114.81 | 100.99 | 106.22 | 104.39 | 119.49 | 95.31 | 103.32 | 96.34 |
| Inventory | 1.83B | 1.46B | 1.44B | 1.41B | 1.38B | 1.24B | 1.26B | 1.1B | 987.1M | 884.3M | 921.7M | 920.2M | 903.5M | 822M | 804.3M | 794.6M | 774.5M | 616.3M | 577.4M | 551.4M |
| Days Inventory Outstanding | 89.77 | 73.22 | 78.75 | 71.11 | 84.46 | 75.58 | 79.73 | 75.66 | 75.86 | 67.7 | 73.01 | 69.99 | 72.51 | 62.81 | 66.5 | 65.88 | 68.74 | 50.57 | 59.09 | 54.76 |
| Other Current Assets | 500.8M | 426.1M | 312.6M | 303.5M | 291.6M | 262.5M | 303.5M | 250.6M | 267.1M | 151.6M | 178.6M | 160.6M | 169.1M | 187.3M | 167.7M | 148.4M | 126.7M | 106.8M | 154.4M | 215.2M |
| Total Non-Current Assets | 5.42B | 5.39B | 4.27B | 4.1B | 3.99B | 4.03B | 4.09B | 3.92B | 3.96B | 4B | 3.79B | 3.88B | 3.91B | 3.94B | 3.85B | 4.01B | 4.19B | 4.24B | 2.4B | 2.48B |
| Property, Plant & Equipment | 997.5M | 1.22B | 981.7M | 911.3M | 841.1M | 827.2M | 779.8M | 751.1M | 750.4M | 733.6M | 665.7M | 663.4M | 662M | 655.8M | 466M | 473.8M | 485.3M | 489.3M | 388.4M | 409.2M |
| Fixed Asset Turnover | 2.38x | 2.61x | 2.83x | 3.01x | 2.44x | 2.92x | 2.71x | 2.60x | 2.21x | 2.67x | 2.62x | 2.62x | 2.31x | 2.95x | 3.15x | 2.92x | 2.37x | 3.21x | 3.08x | 3.07x |
| Goodwill | 2.02B | 2.03B | 1.44B | 1.37B | 1.34B | 1.32B | 1.35B | 1.32B | 1.32B | 1.33B | 1.28B | 1.3B | 1.3B | 1.28B | 1.25B | 1.28B | 1.32B | 1.33B | 588.6M | 603.1M |
| Intangible Assets | 1.81B | 1.89B | 1.51B | 1.45B | 1.46B | 1.49B | 1.57B | 1.58B | 1.62B | 1.67B | 1.67B | 1.75B | 1.79B | 1.82B | 1.8B | 1.93B | 2.06B | 2.14B | 1.19B | 1.24B |
| Long-Term Investments | 0 | 0 | 9.8M | 14.7M | 22.6M | 33.3M | 27.3M | 46.6M | 50.4M | 44.5M | 69.3M | 65.4M | 60.1M | 73.3M | 85.1M | 66.6M | 58.5M | 16.1M | 5.4M | 2.7M |
| Other Non-Current Assets | 410.5M | 60M | 65.1M | 58.5M | 54M | 58.7M | 61M | 58.8M | 60.8M | 55.9M | 53.2M | 55.1M | 57.4M | 60.7M | 209.9M | 214.2M | 218.6M | 219.4M | 211.1M | 216M |
| Total Assets | 13.4B | 12.21B | 10.82B | 10.41B | 9.45B | 9.13B | 8.89B | 8.11B | 7.59B | 8B | 7.41B | 7.26B | 7.26B | 7.1B | 6.83B | 6.83B | 6.91B | 6.94B | 5.26B | 5.33B |
| Asset Turnover | 0.21x | 0.25x | 0.25x | 0.27x | 0.22x | 0.26x | 0.24x | 0.25x | 0.21x | 0.24x | 0.24x | 0.24x | 0.21x | 0.24x | 0.22x | 0.20x | 0.17x | 0.23x | 0.23x | 0.24x |
| Asset Growth % | 41.78% | 33.72% | 21.65% | 28.34% | 24.5% | 14.18% | 19.92% | 11.74% | 4.63% | 12.72% | 8.6% | 6.29% | 4.98% | 2.25% | 29.75% | 28.04% | 33.9% | 36.77% | 10.27% | 12.73% |
| Total Current Liabilities | 5.34B | 4.41B | 3.58B | 3.61B | 3.18B | 3.1B | 3.49B | 3.08B | 2.71B | 2.31B | 2.1B | 2.06B | 1.97B | 1.9B | 1.84B | 1.82B | 1.9B | 1.85B | 1.65B | 1.71B |
| Accounts Payable | 1.95B | 1.76B | 1.72B | 1.61B | 1.41B | 1.32B | 1.24B | 1.1B | 983.7M | 986.4M | 931.9M | 941.9M | 917M | 984M | 882.9M | 867.2M | 887.5M | 858.5M | 768.8M | 766.4M |
| Days Payables Outstanding | 101.14 | 87.94 | 91.83 | 76.58 | 87.53 | 77.29 | 79.02 | 75.34 | 79.86 | 71.91 | 74.27 | 71.35 | 79.89 | 72.11 | 72.79 | 73.67 | 86.29 | 68.94 | 80.36 | 77.52 |
| Short-Term Debt | 0 | 20.9M | 84.9M | 76.8M | 67.7M | 66.7M | 62.4M | 64.6M | 65.8M | 64.7M | 64.1M | 65.1M | 66.5M | 67M | 64.4M | 63.5M | 65.8M | 63.9M | 67.7M | 65.5M |
| Deferred Revenue (Current) | 2.46B | 1.81B | 1.13B | 1.26B | 1.1B | 1.06B | 1.02B | 888.8M | 735M | 638.9M | 543.3M | 520M | 502.9M | 358.7M | 326.9M | 330.6M | 354.2M | 291M | 296.2M | 281.6M |
| Other Current Liabilities | 73.5M | 771.6M | 450.1M | 370.9M | 377.2M | 419.1M | 900.1M | 819.6M | 770.2M | 403.5M | 369.7M | 366M | 359.1M | 335.9M | 415.6M | 437.4M | 463.3M | 494.5M | 354.4M | 452.8M |
| Current Ratio | 1.49x | 1.55x | 1.83x | 1.74x | 1.72x | 1.65x | 1.38x | 1.36x | 1.34x | 1.74x | 1.72x | 1.64x | 1.69x | 1.66x | 1.62x | 1.55x | 1.43x | 1.45x | 1.74x | 1.67x |
| Quick Ratio | 1.15x | 1.22x | 1.43x | 1.35x | 1.28x | 1.25x | 1.02x | 1.00x | 0.98x | 1.35x | 1.28x | 1.20x | 1.24x | 1.23x | 1.18x | 1.11x | 1.02x | 1.12x | 1.39x | 1.34x |
| Cash Conversion Cycle | 94.91 | 79.83 | 83.9 | 83.2 | 100.22 | 90.26 | 101.59 | 100.88 | 114.87 | 99.51 | 105.47 | 103.98 | 107.43 | 91.7 | 99.93 | 96.59 | 101.94 | 76.94 | 82.04 | 73.58 |
| Total Non-Current Liabilities | 3.81B | 3.86B | 3.73B | 3.67B | 3.6B | 3.6B | 3.59B | 3.49B | 3.49B | 3.68B | 3.6B | 3.54B | 3.73B | 3.76B | 3.72B | 3.65B | 3.55B | 3.67B | 2.83B | 2.88B |
| Long-Term Debt | 2.92B | 3.14B | 2.9B | 2.9B | 2.9B | 2.91B | 2.91B | 2.91B | 2.92B | 2.92B | 2.92B | 2.93B | 3.16B | 3.17B | 3.22B | 3.12B | 2.95B | 2.95B | 2.12B | 2.12B |
| Capital Lease Obligations | 270.4M | 245.2M | 231.4M | 203.1M | 172.2M | 171.4M | 155.3M | 149.9M | 153.3M | 142.6M | 125.9M | 127.6M | 132.5M | 132M | 105.9M | 112.7M | 112.8M | 113.6M | 115.9M | 124.4M |
| Deferred Tax Liabilities | 221.2M | 232.8M | 285.1M | 252.6M | 238.4M | 240.3M | 240M | 158.9M | 154.6M | 159.5M | 177.8M | 184.7M | 188.5M | 176.5M | 152.1M | 179.6M | 194.7M | 198.8M | 86.6M | 89.9M |
| Other Non-Current Liabilities | 398.2M | 248.8M | 210.5M | 203.7M | 189.9M | 191M | 202.9M | 197.4M | 196.8M | 395.2M | 316.2M | 251.7M | 210.3M | 228.8M | 193.9M | 198.1M | 249.3M | 344.3M | 463.9M | 498.1M |
| Total Liabilities | 9.16B | 8.27B | 7.31B | 7.28B | 6.78B | 6.7B | 7.08B | 6.57B | 6.2B | 5.98B | 5.7B | 5.6B | 5.7B | 5.65B | 5.56B | 5.48B | 5.46B | 5.52B | 4.48B | 4.59B |
| Total Debt | 3.19B | 3.4B | 3.21B | 3.18B | 3.14B | 3.15B | 3.13B | 3.13B | 3.14B | 3.13B | 3.11B | 3.12B | 3.35B | 3.37B | 3.39B | 3.29B | 3.12B | 3.13B | 2.3B | 2.31B |
| Net Debt | 1.04B | 1.68B | 1.77B | 1.52B | 1.67B | 1.91B | 2.21B | 2.54B | 2.85B | 2.34B | 2.61B | 2.84B | 3.07B | 3.09B | 3.13B | 3.09B | 2.83B | 2.68B | 1.55B | 1.6B |
| Debt / Equity | 0.75x | 0.86x | 0.92x | 1.02x | 1.18x | 1.29x | 1.72x | 2.03x | 2.25x | 1.55x | 1.82x | 1.88x | 2.16x | 2.34x | 2.68x | 2.44x | 2.15x | 2.21x | 2.93x | 3.11x |
| Debt / EBITDA | 5.83x | 4.94x | 5.43x | 6.04x | 8.71x | 5.88x | 7.00x | 7.82x | 11.56x | 8.73x | 9.64x | 10.82x | 16.11x | 14.59x | 21.81x | 31.34x | 94.98x | 47.98x | 16.02x | 14.53x |
| Net Debt / EBITDA | 1.90x | 2.43x | 2.99x | 2.90x | 4.62x | 3.58x | 4.95x | 6.35x | 10.52x | 6.52x | 8.07x | 9.85x | 14.77x | 13.41x | 20.09x | 29.39x | 85.97x | 41.12x | 10.79x | 10.02x |
| Interest Coverage | - | 35.96x | 22.59x | 20.77x | 11.49x | 8.99x | 8.48x | 6.91x | 0.67x | 3.25x | 4.35x | 3.41x | 2.87x | 2.82x | 1.81x | 1.95x | 1.70x | 1.90x | 5.10x | 1.55x |
| Total Equity | 4.24B | 3.94B | 3.51B | 3.13B | 2.67B | 2.43B | 1.81B | 1.54B | 1.39B | 2.01B | 1.71B | 1.66B | 1.55B | 1.44B | 1.27B | 1.35B | 1.45B | 1.42B | 785.7M | 743.7M |
| Equity Growth % | 59.2% | 61.91% | 93.46% | 103.28% | 91.36% | 20.81% | 5.82% | -7.27% | -10.15% | 39.74% | 35.26% | 22.67% | 6.65% | 1.71% | 61.27% | 81.75% | 99.55% | 176.84% | 111.38% | 111.94% |
| Book Value per Share | 10.83 | 10.06 | 8.99 | 8.02 | 6.84 | 6.30 | 4.72 | 4.00 | 3.68 | 5.16 | 4.41 | 4.34 | 4.06 | 3.82 | 3.36 | 3.58 | 3.83 | 3.81 | 2.16 | 2.09 |
| Total Shareholders' Equity | 4.24B | 3.94B | 3.51B | 3.13B | 2.67B | 2.43B | 1.81B | 1.54B | 1.39B | 2.01B | 1.71B | 1.66B | 1.55B | 1.44B | 1.27B | 1.35B | 1.45B | 1.42B | 785.7M | 743.7M |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 1.39B | 1.03B | 606.3M | 222M | -88M | -238.3M | -371.2M | -538.4M | -707.1M | -691.9M | -915M | -1.01B | -1.09B | -1.14B | -1.17B | -1.19B | -1.21B | -1.22B | -1.23B | -1.29B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -605.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -76.2M | 18.2M | 19.2M | 45.2M | -75.2M | -148.8M | 33.1M | -65.1M | -38.8M | -4.5M | -69.4M | -9.8M | -18.9M | -46.2M | -189.4M | -74.3M | 53.6M | 35.6M | 32M | 55M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |