Morningstar Balance Sheet
NASDAQ: MORNFinancial ServicesFinancial Data & Stock ExchangesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Morningstar financial position
At the end of fiscal 2025, Morningstar reported total assets of $3.59 billion, up 1.2% from a year earlier against total liabilities of $2.37 billion. Shareholders' equity stood at $1.22 billion, or 34.0% of assets. The company held $474.5 million in cash and equivalents against $1.07 billion of debt, a net debt position of $598.1 million.
The current ratio (current assets divided by current liabilities) was 0.99, meaning short-term obligations exceed short-term assets. Debt-to-equity was 0.88.
Summary generated from market data by MetaCap's automated system. Methodology
Morningstar balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 474.50M | 502.70M | 337.90M | 376.60M | 483.80M | 422.50M | 334.10M | 369.30M | 308.20M | 259.10M |
| Short-Term Investments | 54.20M | 48.30M | 51.10M | 38.00M | 62.30M | 41.70M | 33.40M | 26.60M | 45.10M | 44.90M |
| Receivables | 390.40M | 358.10M | 343.90M | 307.90M | 268.90M | 205.10M | 188.50M | 172.20M | 148.20M | 145.80M |
| Total Current Assets | 1.04B | 1.01B | 815.70M | 810.80M | 887.60M | 730.00M | 603.20M | 601.60M | 529.80M | 472.00M |
| Property, Plant & Equipment | 231.90M | 218.90M | 207.70M | 199.40M | 171.80M | 155.10M | 154.70M | 143.50M | 147.40M | 152.10M |
| Goodwill | 1.61B | 1.56B | 1.58B | 1.57B | 1.21B | 1.21B | 1.04B | 556.70M | 564.90M | 556.80M |
| Intangible Assets | 379.30M | 408.80M | 484.40M | 548.60M | 328.20M | 380.10M | 333.40M | 73.90M | 95.40M | 120.90M |
| Total Assets | 3.59B | 3.55B | 3.40B | 3.47B | 2.86B | 2.70B | 2.37B | 1.45B | 1.41B | 1.35B |
| Accounts Payable | — | — | — | — | — | — | 58.90M | — | — | — |
| Short-Term Debt | 0 | 0 | 32.10M | 32.10M | 0 | 0 | 11.00M | 0 | — | 0 |
| Total Current Liabilities | 1.05B | 967.30M | 880.80M | 882.50M | 783.50M | 626.50M | 495.80M | 362.80M | 323.20M | 294.90M |
| Long-Term Debt | 1.07B | 698.60M | 972.40M | 1.11B | 359.40M | 449.10M | 502.10M | 70.00M | — | — |
| Total Liabilities | 2.37B | 1.93B | 2.08B | 2.27B | 1.45B | 1.42B | 1.29B | 519.10M | 600.80M | 654.10M |
| Shareholders' Equity | 1.22B | 1.62B | 1.33B | 1.21B | 1.42B | 1.27B | 1.08B | 934.70M | 804.90M | 696.50M |
| Retained Earnings | 2.21B | 1.91B | 1.61B | 1.53B | 1.53B | 1.39B | 1.22B | 1.11B | 958.70M | 861.90M |
| Total Debt | 1.07B | 698.60M | 1.00B | 1.14B | 359.40M | 449.10M | 513.10M | 70.00M | — | 0 |
| Net Cash (Debt) | -543.90M | -147.60M | -615.50M | -727.10M | 186.70M | 15.10M | -145.60M | 325.90M | 353.30M | 304.00M |
| Shares Outstanding | 39.74M | 42.87M | 42.73M | 42.48M | 43.14M | 42.90M | 42.85M | 46.62M | 42.55M | 42.93M |
This table shows 10 annual periods of Morningstar's balance sheet, from FY 2025 back to FY 2016, across 18 line items including cash & equivalents, short-term investments, receivables. Values in USD; B = billions, M = millions. Fiscal periods follow MORN's reporting calendar. What is a balance sheet?