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CATOThe Cato Corporation
$2.34$42M
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HomeStocksCATOBalance Sheet

The Cato Corporation (CATO) Balance Sheet

30Y historyFree accessUpdated daily

Financial leverage has increased as the debt-to-equity ratio climbed from 0.70 in 2024Q1 to 0.87 in 2026Q1, reflecting a reliance on debt to support operations.

Income StatementBalance SheetCash FlowRatios

CATO Balance Sheet

Annual statement

CATO Balance Sheet

The Cato Corporation (CATO) balance sheet — 30-year assets, liabilities & shareholders' equity history

AnnualQuarterly
MetricTTMJan'26Jan'25Jan'24Jan'23Jan'22Jan'21Jan'20Jan'19Jan'18Jan'17Jan'16Jan'15Jan'14Jan'13Jan'12Jan'11Jan'10Jan'09Jan'08Jan'07Jan'06Jan'05Jan'04Jan'03Jan'02Jan'01Jan'00Jan'99Jan'98Jan'97
Total Current Assets208.46M193.27M223.19M243.06M277.67M355.67M290.55M362.8M371.69M372.48M443.81M472.05M454.45M446.75M390.21M429.13M414.77M370.77M315.37M293.05M299.51M271.68M266.42M227.4M260.89M223.21M215.49M208.82M197.6M185.5M161.5M
Cash & Short-Term Investments96.44M76.32M77.7M102.95M128.66M165.76M143.93M212.21M207.31M196.88M248.47M282.55M256.13M240.56M188.65M240.66M230.03M198.34M144.8M114.58M123.54M107.82M107.23M71.4M106.94M84.69M83.11M87.28M44.1M41.6M16.6M
Cash Only37.79M19.46M20.28M23.94M20M19.76M17.51M11.82M24.6M78.05M47.23M67.06M93.95M79.43M31.07M34.89M48.63M50.38M42.26M21.58M24.83M21.73M18.64M23.86M32.06M41.77M25.2M30.39M44.1M41.6M16.6M
Short-Term Investments58.65M56.86M57.42M79.01M108.65M146M126.42M200.39M182.71M118.84M201.23M215.5M162.19M161.13M157.58M205.77M181.4M147.96M102.54M93M98.71M86.08M88.59M47.55M74.87M42.92M57.91M56.89M000
Accounts Receivable20.46M25.46M24.54M29.75M26.5M55.81M52.74M26.09M28.14M28.02M30.34M36.61M41.02M39.22M40.02M43.02M39.7M40.15M44.14M45.28M45.96M49.64M50.89M52.71M54.12M52.29M46.97M45.46M44.5M47.2M43.2M
Days Sales Outstanding14.9114.2113.7815.3412.7426.4833.4711.5412.3812.0311.5813.2215.1715.5615.4716.8615.6616.5818.7819.5319.1521.6623.5225.7526.427.8426.4428.3630.9734.6733.06
Inventory82.49M83.7M110.74M98.6M112.06M124.91M84.12M115.36M119.58M121.53M145.68M141.1M137.55M150.86M140.74M130.38M132.02M118.63M112.29M118.68M115.92M103.37M100.54M97.29M93.46M80.41M79.16M69.5M61.1M64.2M64M
Days Inventory Outstanding73.7169.1990.5875.978.5497.9668.5680.380.9877.4685.1280.5480.6492.8584.9979.8582.0275.4570.1172.8671.2766.5266.869.8568.7362.9364.8962.8760.1366.167.77
Other Current Assets9.08M7.79M10.21M11.76M10.46M3.92M3.92M3.9M3.8M3.72M3.69M4.47M8.77M9.42M10.63M3.58M9.83M10.39M6.4M6.76M7.51M8.53M5.78M5M1.39M777K6.24M6.59M47.9M32.5M37.7M
Total Non-Current Assets214.97M228.15M229.18M243.75M275.47M278.1M300.9M322.18M127.32M143.6M162.52M170.29M153.83M150.17M142.43M121.96M107.32M110.22M119.98M127.74M132.81M134.96M127.71M124.17M122.52M108.83M95.25M76.97M60.9M55.9M56.7M
Property, Plant & Equipment194.03M207.68M209.2M218.71M244.66M244.35M272.37M289.47M94.3M109.37M126.39M138.3M135.18M141.13M134.23M115.44M99.77M102.77M116.26M123.19M128.46M124.1M117.59M114.37M113.31M100.14M85.82M69.34M54.7M49.8M51.3M
Fixed Asset Turnover3.13x3.15x3.11x3.24x3.10x3.15x2.11x2.85x8.80x7.77x7.57x7.31x7.30x6.52x7.03x8.07x9.28x8.60x7.38x6.87x6.82x6.74x6.71x6.53x6.60x6.85x7.56x8.44x9.59x9.98x9.30x
Goodwill0000000000000000000000000000000
Intangible Assets0000000000835K1.5M0000000000000000000
Long-Term Investments09.82M1.14M2.08M1.92M1.82M1.26M1.3M1.8M2.09M1.62M1.89M2.19M000000000000000000
Other Non-Current Assets20.94M10.65M18.84M22.97M19.67M22.62M21.59M22.77M20M19.57M19.9M18.31M13.1M7.67M8.21M6.51M7.54M7.45M3.72M4.55M4.35M10.86M10.12M9.81M9.21M8.7M9.43M7.63M6.21M6.1M5.4M
Total Assets423.44M421.42M452.36M486.82M553.14M633.77M591.45M684.98M499.01M516.08M606.32M642.34M608.28M596.92M532.65M551.09M522.09M480.99M435.35M420.79M432.32M406.64M394.13M351.57M383.41M332.04M310.74M285.79M258.5M241.4M218.2M
Asset Turnover1.48x1.55x1.44x1.45x1.37x1.21x0.97x1.20x1.66x1.65x1.58x1.57x1.62x1.54x1.77x1.69x1.77x1.84x1.97x2.01x2.03x2.06x2.00x2.13x1.95x2.06x2.09x2.05x2.03x2.06x2.19x
Asset Growth %-4.2%-6.84%-7.08%-11.99%-12.72%7.15%-13.65%37.27%-3.31%-14.88%-5.61%5.6%1.9%12.07%-3.35%5.55%8.55%10.48%3.46%-2.67%6.32%3.17%12.11%-8.3%15.47%6.85%8.73%10.56%7.08%10.63%3.95%
Total Current Liabilities153.47M155.89M188.24M188.01M202.96M244.13M181.93M199.3M142.19M139.08M171.91M193.06M193.9M177.13M159.6M156.99M175.55M168.47M150.73M148.94M123.05M132.56M132.63M114.49M98.28M83.58M89.77M83.83M73.6M72.2M56.1M
Accounts Payable73.76M64.96M88.64M87.82M91.96M109.55M73.77M68.44M84.28M82.61M105.25M113.15M111.67M111.51M99.25M94.07M105.53M103.63M102.97M110.85M77.05M78.04M82.83M76.39M66.62M57.49M59.68M54.71M52.4M52.9M38.3M
Days Payables Outstanding60.853.772.567.664.4585.9160.1247.6457.0752.6561.4964.5965.4768.6359.9357.6165.5665.9164.2968.0547.3750.2155.0454.8448.994548.9249.4951.5754.4740.56
Short-Term Debt053.51M000000000000000000006M6M0000000
Deferred Revenue (Current)0000000000000000000000000000000
Other Current Liabilities31.83M29.64M8.19M4.74M7.38M6.39M6.12M7.76M9.25M13.47M19.05M8.63M0000000000000820K30.08M29.12M21.2M19.3M17.8M
Current Ratio1.36x1.24x1.19x1.29x1.37x1.46x1.60x1.82x2.61x2.68x2.58x2.45x2.34x2.52x2.44x2.73x2.36x2.20x2.09x1.97x2.43x2.05x2.01x1.99x2.65x2.67x2.40x2.49x2.68x2.57x2.88x
Quick Ratio0.82x0.70x0.60x0.77x0.82x0.95x1.13x1.24x1.77x1.80x1.73x1.71x1.63x1.67x1.56x1.90x1.61x1.50x1.35x1.17x1.49x1.27x1.25x1.14x1.70x1.71x1.52x1.66x1.85x1.68x1.74x
Cash Conversion Cycle27.8229.731.8623.6426.8338.5341.9144.236.2936.8435.229.1730.3439.7840.5339.132.1226.1224.624.3343.0537.9735.2940.7646.1345.7742.4141.7439.5446.3160.27
Total Non-Current Liabilities102.06M108.21M139.91M106.49M123.59M135.44M163.02M169.16M39.98M50.64M50.51M36.62M34.18M28.68M27.81M27.42M20.98M21.21M22.81M24.49M32.48M34.13M50.33M42.97M14.96M13.77M13.22M13.18M12.7M11.7M10.2M
Long-Term Debt000000000000000000000016M21.5M0000000
Capital Lease Obligations398.39M96.94M88.34M92.01M107.41M117.52M143.31M147.18M00000000000000000000000
Deferred Tax Liabilities0000046.82M53.76M48.3M4.09M4.24M12.29M03.36M1.37M3.33M7.89M5.7M4.09M2.53M1.71M8.82M9.26M10.17M10.2M6.31M5.18M5.39M5.81M5.9M5.3M3.9M
Other Non-Current Liabilities11.26M11.27M51.57M14.47M16.18M17.91M19.7M21.98M39.98M50.64M50.51M36.62M34.18M27.3M24.48M19.53M15.29M17.12M20.28M22.78M23.66M24.86M24.16M11.27M8.65M8.59M7.83M7.37M6.8M6.4M6.3M
Total Liabilities255.53M264.11M290.06M294.5M326.55M379.57M344.95M368.46M182.17M189.72M222.42M229.68M228.08M205.81M187.41M184.41M196.53M189.68M173.54M173.42M155.53M166.69M182.96M157.46M113.25M97.34M102.98M97.01M86.3M83.9M66.3M
Total Debt138.63M150.45M145.9M153.12M174.77M184.33M206.74M210.33M0000000000000022M27.5M0000000
Net Debt100.84M130.99M125.62M129.18M154.76M164.57M189.23M198.51M-24.6M-78.05M-47.23M-67.06M-93.95M-79.43M-31.07M-34.89M-48.63M-50.38M-42.26M-21.58M-24.83M-21.73M3.36M3.64M-32.06M-41.77M-25.2M-30.39M-44.1M-41.6M-16.6M
Debt / Equity0.83x0.96x0.90x0.80x0.77x0.73x0.84x0.66x--------------0.10x0.14x-------
Debt / EBITDA-18.24x---22.07x3.68x-3.98x--------------0.30x0.43x-------
Net Debt / EBITDA-13.27x---19.54x3.28x-3.76x-0.53x-2.04x-0.60x-0.56x-0.84x-0.75x-0.26x-0.29x-0.45x-0.58x-0.62x-0.34x-0.27x-0.25x0.05x0.06x-0.47x-0.73x-0.51x-0.74x-1.73x-2.31x-1.55x
Interest Coverage---272.10x-393.31x21.34x542.18x-388.34x1490.90x344.28x140.11x279.06x375.48x1604.79x1123.81x853.20x4774.81x2455.30x1045.15x993.64x5471.33x1943.22x385.56x---------
Total Equity167.91M157.31M162.3M192.32M226.59M254.2M246.5M316.51M316.84M326.35M383.9M412.67M380.2M391.11M345.23M366.68M325.56M291.31M261.81M247.37M276.79M239.95M211.18M194.11M270.16M234.7M207.76M188.78M172.2M157.5M151.9M
Equity Growth %-9.81%-3.07%-15.61%-15.12%-10.86%3.12%-22.12%-0.1%-2.92%-14.99%-6.97%8.54%-2.79%13.29%-5.85%12.63%11.76%11.27%5.84%-10.63%15.36%13.63%8.79%-28.15%15.11%12.97%10.05%9.63%9.33%3.69%1.47%
Book Value per Share8.778.258.439.9211.3712.0410.9413.3312.7912.9913.9914.7613.5113.3911.8112.5011.239.879.007.858.707.556.735.496.946.055.444.674.083.743.62
Total Shareholders' Equity167.91M157.31M162.3M192.32M226.59M254.2M246.5M316.51M316.84M326.35M383.9M412.67M380.2M391.11M345.23M366.68M325.56M291.31M261.81M247.37M276.79M239.95M211.18M194.11M270.16M234.7M207.76M188.78M172.2M157.5M151.9M
Common Stock672K667K678K694K691K728K762K820K826K832K895K935K931K975K976K972K983K986K1.27M1.26M1.22M1.21M1.06M1.05M1.04M1.03M1M984K1M01M
Retained Earnings35.07M25.03M31.93M64.28M104.71M134.21M129.3M203.46M210.51M225.89M288.01M320.59M293.45M308.89M266.84M292.74M255.77M225.09M354.33M340.09M327.68M294.46M265.5M252.83M235.9M204.96M175.28M146.88M120.6M101.5M88.7M
Treasury Stock000000000000000000-155.81M-153.37M-94.81M-94.82M-157.91M-157.91M-59.61M-57.28M-43.72M-28.27M000
Accumulated OCI-217K274K153K395K-1.24M-280K1.16M1.42M-77K-321K-214K800K786K778K821K936K276K534K413K709K225K-151K-840K-1.53M-2.12M-961K-1.57M-2.79M-52.2M-46.7M-40.7M
Minority Interest0000000000000000000000000000000

Key Metrics

Growth RegimeMixed
ProfitabilityNegative
Balance SheetStrained
Cash FlowDeteriorating
Top Statement Risk

Liquidity and margin compression

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q1)

Balance Sheet Erosion Amid Stagnation

As reported in recent SEC filings, CATO's equity base has contracted from $196.9 million in 2024Q1 to $166.7 million in 2026Q1, signaling a weakening financial position driven by persistent operational losses and the inability to retain earnings during a period of stagnant top-line growth.

The consistent decline in retained earnings suggests that the company is consuming its capital base to fund ongoing operations rather than reinvesting for growth. This trajectory warrants concern, as the erosion of equity reduces the company's long-term buffer against further retail sector volatility.

Tightening Liquidity Limits Operational Flexibility

Based on the company's quarterly balance sheets, cash reserves have dwindled to $28.1 million as of 2026Q1, representing a significant decline from the $39.1 million reported in 2024Q1, which may constrain management's ability to navigate seasonal working capital requirements or fund necessary store-level improvements.

With a current ratio of 1.29, the company maintains a narrow margin of safety that leaves little room for error if inventory turnover slows further. Investors should monitor whether this liquidity profile forces a reduction in capital allocation, such as dividend payments, to preserve essential operating cash.

Leverage Rising Relative to Equity

According to financial statements, CATO's debt-to-equity ratio has climbed from 0.70 in 2024Q1 to 0.87 in 2026Q1, indicating that the company is increasingly relying on debt financing to support its operations as internal equity generation remains pressured by negative operating margins.

The increase in leverage appears to be a necessity-driven response to cash flow shortfalls rather than a strategic expansion. This rising debt burden, coupled with declining profitability, may limit the company's future access to credit markets on favorable terms.

Asset Base Reflects Physical Intensity

As evidenced by the latest quarterly data, net PPE remains the primary component of the $439.2 million asset base, with $201.2 million tied up in physical store infrastructure, highlighting the company's heavy reliance on a traditional brick-and-mortar model in an increasingly digital retail environment.

The concentration of assets in physical locations suggests that the company's value is highly sensitive to the productivity of its store fleet. If foot traffic in rural markets continues to decline, the carrying value of these assets may face future impairment risks.

CATO — Frequently Asked Questions

Quick answers to the most common questions about buying CATO stock.

What are the total assets of The Cato Corporation (CATO)?

As of 2025, The Cato Corporation (CATO) had total assets of $421.4M including $193.3M in current assets.

How much debt does The Cato Corporation (CATO) have?

The Cato Corporation (CATO) carries total debt of $150.4M, offset by $76.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.

What is the book value or shareholders' equity of The Cato Corporation?

The Cato Corporation (CATO) has total shareholders' equity (book value) of $157.3M ($8.25 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is The Cato Corporation's current ratio and liquidity?

The Cato Corporation (CATO) reported a current ratio of 1.24x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.