The company's financial position appears strained with a current ratio of 0.84 and a significant $4.3 billion total debt burden relative to its $4.8 billion equity base.
| Total Current Assets | 1.3B | 1.31B | 1.24B | 1.46B | 1.4B | 1.64B | 1.15B | 493.08M | 408.61M | 443.91M |
| Cash & Short-Term Investments | 232.3M | 329.2M | 295.2M | 370.7M | 348.8M | 587.61M | 257.73M | 76.13M | 25.57M | 53.19M |
| Cash Only | 232.3M | 329.2M | 295.2M | 370.7M | 348.8M | 587.61M | 257.73M | 76.13M | 25.57M | 53.19M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 882.9M | 821.7M | 798.3M | 908.3M | 872.1M | 906.43M | 737.73M | 333.86M | 331.3M | 317.81M |
| Days Sales Outstanding | 124.39 | 122.16 | 113.97 | 126.11 | 119.68 | 176.27 | 214.71 | 125.07 | 124.86 | 126.41 |
| Inventory | 0 | 0 | 0 | 0 | 97.4M | 0 | 0 | 0 | 31.03M | 52.76M |
| Days Inventory Outstanding | - | - | - | - | 37.27 | - | - | - | 28.56 | 48.85 |
| Other Current Assets | 76.8M | 159.1M | 65.2M | 94.7M | 76.9M | 66.65M | 93.83M | 42.38M | 31.13M | 44.52M |
| Total Non-Current Assets | 9.63B | 9.76B | 10.25B | 11.24B | 12.55B | 18.55B | 13.64B | 3.3B | 3.3B | 3.56B |
| Property, Plant & Equipment | 93.4M | 99.3M | 107.1M | 106.8M | 113.4M | 169.88M | 168.62M | 103.49M | 20.64M | 23.01M |
| Fixed Asset Turnover | 24.18x | 24.73x | 23.87x | 24.61x | 23.46x | 11.05x | 7.44x | 9.41x | 46.92x | 39.88x |
| Goodwill | 1.57B | 1.57B | 1.57B | 2.02B | 2.88B | 7.9B | 6.04B | 1.33B | 1.28B | 1.31B |
| Intangible Assets | 7.86B | 8.01B | 8.44B | 9.01B | 9.44B | 10.39B | 7.37B | 1.83B | 1.96B | 2.16B |
| Long-Term Investments | 13M | 0 | 14.7M | 17.7M | 47.2M | 1.96M | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 85.8M | 68.1M | 67.5M | 43.1M | 50.7M | 48.75M | 31.33M | 18.63M | 26.56M | 60.03M |
| Total Assets | 10.93B | 11.07B | 11.49B | 12.71B | 13.94B | 20.18B | 14.79B | 3.79B | 3.71B | 4.01B |
| Asset Turnover | 0.22x | 0.22x | 0.22x | 0.21x | 0.19x | 0.09x | 0.08x | 0.26x | 0.26x | 0.23x |
| Asset Growth % | -20.69% | -3.66% | -9.57% | -8.88% | -30.91% | 36.46% | 290.11% | 2.2% | -7.38% | - |
| Total Current Liabilities | 1.54B | 1.57B | 1.43B | 1.6B | 1.56B | 1.9B | 1.42B | 651M | 643.71M | 661.07M |
| Accounts Payable | 135.7M | 150.6M | 124.5M | 144.1M | 101.4M | 129.22M | 82.04M | 26.46M | 38.42M | 60.76M |
| Days Payables Outstanding | 61.49 | 65.94 | 52.28 | 58.03 | 38.8 | 75.33 | 68.24 | 27.44 | 35.37 | 56.26 |
| Short-Term Debt | 1.5M | 119.9M | 20.6M | 24.4M | 26.7M | 62.75M | 28.6M | 9M | 60.34M | 45.34M |
| Deferred Revenue (Current) | 3.68B | 878.6M | 943.9M | 983.1M | 947.5M | 1.03B | 707.32M | 407.32M | 391.1M | 361.26M |
| Other Current Liabilities | 100.6M | 419.7M | -20.6M | 321.9M | 326.4M | 348.01M | 57.75M | 26.87M | 0 | 0 |
| Current Ratio | 0.84x | 0.84x | 0.87x | 0.91x | 0.89x | 0.86x | 0.81x | 0.76x | 0.63x | 0.67x |
| Quick Ratio | 0.84x | 0.84x | 0.87x | 0.91x | 0.83x | 0.86x | 0.81x | 0.76x | 0.59x | 0.59x |
| Cash Conversion Cycle | 62.9 | - | - | - | 118.15 | - | - | - | 118.06 | 119 |
| Total Non-Current Liabilities | 4.6B | 4.66B | 4.92B | 5.11B | 5.57B | 6.36B | 4.33B | 1.89B | 2.02B | 2.06B |
| Long-Term Debt | 4.28B | 4.36B | 4.52B | 4.72B | 4.97B | 5.46B | 3.46B | 1.63B | 1.93B | 1.97B |
| Capital Lease Obligations | 125.6M | 0 | 53.2M | 63.2M | 72.9M | 93.95M | 104.32M | 64.19M | 0 | 0 |
| Deferred Tax Liabilities | 975.9M | 212.1M | 273.3M | 249.6M | 316.1M | 380.06M | 367M | 48.55M | 43.23M | 51.79M |
| Other Non-Current Liabilities | 75.9M | 86.2M | 55.9M | 41.9M | 171.4M | 370.59M | 362.2M | 130.7M | 24.84M | 22.61M |
| Total Liabilities | 6.14B | 6.23B | 6.35B | 6.71B | 7.13B | 8.26B | 5.76B | 2.54B | 2.66B | 2.72B |
| Total Debt | 4.33B | 4.48B | 4.59B | 4.81B | 5.1B | 5.61B | 3.63B | 1.72B | 1.99B | 2.01B |
| Net Debt | 4.1B | 4.15B | 4.3B | 4.44B | 4.76B | 5.03B | 3.37B | 1.65B | 1.96B | 1.96B |
| Debt / Equity | 0.91x | 0.92x | 0.89x | 0.80x | 0.75x | 0.47x | 0.40x | 1.38x | 1.89x | 1.57x |
| Debt / EBITDA | 4.93x | 5.41x | 10.17x | - | - | 12.45x | 13.59x | 14.60x | 15.14x | 24.72x |
| Net Debt / EBITDA | 4.67x | 5.01x | 9.52x | - | - | 11.15x | 12.62x | 13.96x | 14.94x | 24.07x |
| Interest Coverage | 0.47x | 0.27x | -0.95x | -2.45x | -13.76x | -0.02x | -2.16x | -0.58x | -0.81x | -1.06x |
| Total Equity | 4.79B | 4.84B | 5.14B | 5.99B | 6.81B | 11.93B | 9.03B | 1.25B | 1.05B | 1.29B |
| Equity Growth % | -32.45% | -5.76% | -14.24% | -12.04% | -42.88% | 32% | 623.59% | 18.85% | -18.31% | - |
| Book Value per Share | 7.47 | 7.19 | 7.41 | 8.92 | 10.04 | 18.61 | 21.08 | 4.56 | 3.44 | 4.21 |
| Total Shareholders' Equity | 4.79B | 4.84B | 5.14B | 5.99B | 6.81B | 11.93B | 9.03B | 1.25B | 1.05B | 1.29B |
| Common Stock | 12.8B | 12.81B | 12.98B | 11.74B | 11.74B | 11.83B | 9.99B | 2.14B | 16K | 16K |
| Retained Earnings | -7.55B | -7.51B | -7.31B | -6.65B | -5.66B | -1.6B | -1.25B | -890.89M | -632.26M | -390.1M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | -16.96M | -196.04M | 0 | 0 | 0 |
| Accumulated OCI | -457.7M | -453.1M | -526.3M | -495.3M | -665.9M | 326.75M | 492.38M | -4.88M | 5.36M | 13.98M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
High leverage and goodwill
As reported in recent financial statements, Clarivate's total assets have declined from $12.7 billion in 2023Q4 to $10.9 billion in 2026Q1, signaling a potential reduction in the company's scale as it navigates a period of persistent revenue contraction and ongoing integration challenges.
The steady erosion of the asset base suggests that the company may be struggling to replace the value of its acquired intangibles through organic growth. Investors should monitor whether this downward trajectory in total assets reflects a strategic divestiture of non-core assets or an impairment-driven reduction in the carrying value of its portfolio.
Based on the provided balance sheet data, Clarivate's total debt has decreased from $4.8 billion in 2023Q4 to $4.3 billion in 2026Q1, yet the debt-to-equity ratio remains elevated at 0.91, indicating that the company continues to carry a significant interest-bearing burden relative to its equity base.
While the modest reduction in absolute debt levels is a positive development, the persistent reliance on debt financing in a high-interest-rate environment may continue to pressure net margins. The company's leverage appears to be a legacy of its aggressive M&A strategy, which now limits its financial flexibility to pursue new growth initiatives.
According to the company's reported figures, shareholder equity has contracted from $6.0 billion in 2023Q4 to $4.8 billion in 2026Q1, a trend largely driven by the accumulation of negative retained earnings which reached -$7.6 billion in the most recent quarter.
The consistent growth in negative retained earnings suggests that the company's operational losses are directly eroding the capital base. This trend warrants further investigation into whether the company's capital allocation strategy, including share repurchases, is sustainable given the ongoing depletion of equity.
As indicated by the latest quarterly filings, Clarivate's current ratio has remained consistently below 1.0, standing at 0.84 in 2026Q1, which suggests that the company may face challenges in meeting its short-term obligations without relying on external financing or cash flow from operations.
A current ratio below unity is often a sign of structural liquidity constraints, particularly for a firm with high fixed costs and significant debt service requirements. Investors should monitor the company's cash runway closely, as the current liquidity position provides a limited buffer against potential operational shocks or unexpected capital needs.
Based on the provided balance sheet, Clarivate carries $1.6 billion in goodwill as of 2026Q1, which represents a substantial portion of the company's total equity and suggests that future earnings could be volatile if management is forced to recognize impairments on past acquisitions.
The presence of significant goodwill on the balance sheet implies that the company's valuation is highly sensitive to the performance of its acquired business units. If the expected synergies from these acquisitions fail to materialize, the resulting impairment charges could further weaken the balance sheet and exacerbate the current negative net margin trend.
Quick answers to the most common questions about buying CLVT stock.
As of 2025, Clarivate Plc (CLVT) had total assets of $11.07B including $1.31B in current assets.
Clarivate Plc (CLVT) carries total debt of $4.48B, offset by $329.2M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Clarivate Plc (CLVT) has total shareholders' equity (book value) of $4.84B ($7.19 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Clarivate Plc (CLVT) reported a current ratio of 0.84x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.