The Descartes Systems Group Inc. (DSGX) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'27 | Q4'26 | Q3'26 | 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 |
|---|
| Total Current Assets | 503.14M | 479.08M | 400.93M | 360.69M | 295.61M | 352.57M | 293.62M | 365.16M | 340.69M | 418.18M | 374.05M | 324.17M | 273.53M | 358.65M | 316.08M | 270.84M | 292.25M | 292.06M | 246.93M | 199.52M |
| Cash & Short-Term Investments | 377.49M | 354.32M | 278.67M | 240.63M | 176.41M | 236.14M | 181.28M | 252.65M | 238.25M | 320.95M | 279.61M | 227.41M | 182.19M | 276.38M | 237.36M | 189.03M | 211.78M | 213.44M | 171.08M | 128.36M |
| Cash Only | 377.49M | 354.32M | 278.67M | 240.63M | 176.41M | 236.14M | 181.28M | 252.65M | 238.25M | 320.95M | 279.61M | 227.41M | 182.19M | 276.38M | 237.36M | 189.03M | 211.78M | 213.44M | 171.08M | 128.36M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 91.15M | 90.66M | 87.51M | 80.44M | 76.1M | 70.88M | 71.59M | 73.53M | 65.64M | 63.76M | 46.44M | 56.24M | 50.13M | 45.17M | 45.71M | 48.91M | 45.18M | 41.7M | 42.48M | 51.21M |
| Days Sales Outstanding | 41.44 | 41.76 | 41.58 | 40.05 | 38.76 | 39.14 | 39.56 | 39.17 | 38.48 | 34.2 | 32.64 | 34.12 | 31.04 | 33.41 | 35.83 | 35.19 | 33.22 | 34.46 | 39.57 | 44.49 |
| Inventory | 251.34K | 100.37K | 206.91K | 0 | 475.45K | 712.46K | 0 | 0 | 0 | 0 | 897K | 970K | 1.35M | 759K | 786K | 814K | 806K | 868K | 813K | 743K |
| Days Inventory Outstanding | 0.26 | 0.22 | 0.3 | - | 1.33 | 1.66 | - | - | - | - | 2.5 | 3.05 | 2.86 | 2.45 | 2.67 | 2.58 | 2.68 | 2.88 | 2.8 | 2.42 |
| Other Current Assets | 8.82M | 9.7M | 14.44M | 39.61M | 22.08M | 44.83M | 40.74M | 38.98M | 17.82M | 33.47M | 32.6M | 26.09M | 24.94M | 11.66M | 9.38M | 11.42M | 14.31M | 14.07M | 9.57M | 0 |
| Total Non-Current Assets | 1.42B | 1.4B | 1.42B | 1.4B | 1.41B | 1.29B | 1.33B | 1.2B | 1.2B | 1.05B | 1.06B | 1.09B | 1.1B | 957.39M | 940.12M | 975.89M | 923.36M | 893.37M | 920.53M | 932.52M |
| Property, Plant & Equipment | 22.33M | 21.55M | 20.03M | 20.94M | 21.66M | 20.1M | 18.62M | 18.84M | 18.34M | 17.7M | 17M | 18.4M | 17.73M | 18.21M | 18.06M | 19.49M | 20.58M | 21.39M | 22.03M | 22.37M |
| Fixed Asset Turnover | 8.90x | 9.44x | 9.07x | 8.44x | 8.08x | 8.65x | 9.01x | 8.79x | 8.40x | 8.54x | 8.17x | 7.94x | 7.60x | 6.90x | 6.47x | 6.14x | 5.55x | 5.18x | 4.91x | 4.55x |
| Goodwill | 1.04B | 1.02B | 1.02B | 992.52M | 992.26M | 924.75M | 935.44M | 849.99M | 829.93M | 755.77M | 751.91M | 765.1M | 759.87M | 675.65M | 658.04M | 671.8M | 630.08M | 608.76M | 616.36M | 616.78M |
| Intangible Assets | 328.5M | 330.01M | 350.81M | 350M | 368.12M | 321.27M | 343.81M | 303.87M | 323.41M | 251.05M | 263.01M | 282.03M | 295.29M | 229.81M | 232.22M | 252.56M | 239.77M | 229.61M | 248.76M | 264.13M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 322.49M | 249.51M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 27.91M | 27.18M | 26.25M | 26.53M | 27.37M | 24.9M | 24.56M | 27.56M | -300.62M | -231.11M | 23.97M | 22.66M | 22.09M | 22.25M | 20.41M | 19.26M | 19.19M | 18.65M | 18.2M | 17.32M |
| Total Assets | 1.92B | 1.88B | 1.82B | 1.76B | 1.71B | 1.65B | 1.62B | 1.57B | 1.54B | 1.47B | 1.43B | 1.42B | 1.37B | 1.32B | 1.26B | 1.25B | 1.22B | 1.19B | 1.17B | 1.13B |
| Asset Turnover | 0.10x | 0.11x | 0.10x | 0.10x | 0.10x | 0.10x | 0.11x | 0.11x | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.09x | 0.09x |
| Asset Growth % | 12.48% | 14.36% | 12.4% | 12.18% | 11.11% | 12.43% | 13.01% | 10.54% | 12.07% | 11.34% | 14.06% | 13.59% | 12.96% | 11.02% | 7.6% | 10.13% | 10.98% | 11.49% | 16.31% | 14.53% |
| Total Current Liabilities | 245.49M | 221.84M | 218.57M | 211.89M | 218.85M | 217.03M | 218.87M | 203.73M | 228.03M | 203.63M | 209.05M | 203.8M | 199.63M | 169.59M | 157.75M | 155.85M | 148.65M | 133.43M | 125.56M | 118.64M |
| Accounts Payable | 18.56M | 20.72M | 15.92M | 16.13M | 23.15M | 20.65M | 20.6M | 21.28M | 19.07M | 17.48M | 14.2M | 12.35M | 12.37M | 10.57M | 12.64M | 9.84M | 9.66M | 10.57M | 9.88M | 7.97M |
| Days Payables Outstanding | 28.55 | 25.82 | 23.58 | 43.45 | 49.04 | 48.09 | 44.64 | 45.77 | 33.1 | 28.3 | 35.58 | 32.52 | 31.05 | 36.75 | 37.56 | 31.02 | 32.35 | 34.98 | 32.05 | 28.08 |
| Short-Term Debt | 3.45M | 3.45M | 0 | 0 | 0 | 369.61K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 126.08M | 117.16M | 117.02M | 116.87M | 109.61M | 103.86M | 101.14M | 0 | 96.02M | 84.51M | 81.21M | 85.42M | 75.02M | 67.78M | 63.46M | 66.55M | 62.34M | 56.78M | 54.48M | 55.56M |
| Other Current Liabilities | 53.06M | 31.18M | 31.88M | 44.87M | 47.47M | 55.11M | 48.56M | 114.32M | 9.31M | 0 | 0 | 0 | 0 | 7.54M | 0 | 0 | 4.89M | 5.62M | 0 | 0 |
| Current Ratio | 2.05x | 2.16x | 1.83x | 1.70x | 1.35x | 1.62x | 1.34x | 1.79x | 1.49x | 2.05x | 1.79x | 1.59x | 1.37x | 2.11x | 2.00x | 1.74x | 1.97x | 2.19x | 1.97x | 1.68x |
| Quick Ratio | 2.05x | 2.16x | 1.83x | 1.70x | 1.35x | 1.62x | 1.34x | 1.79x | 1.49x | 2.05x | 1.79x | 1.59x | 1.36x | 2.11x | 2.00x | 1.73x | 1.96x | 2.18x | 1.96x | 1.68x |
| Cash Conversion Cycle | 13.14 | 16.16 | 18.31 | - | -8.95 | -7.29 | - | - | - | - | -0.44 | 4.66 | 2.86 | -0.89 | 0.95 | 6.75 | 3.54 | 2.36 | 10.32 | 18.83 |
| Total Non-Current Liabilities | 45.78M | 53.2M | 50.45M | 44.24M | 39.1M | 45.35M | 44.1M | 49.92M | 47.86M | 32.62M | 36.7M | 38.52M | 41.23M | 47.06M | 50.29M | 52.44M | 52.47M | 52.18M | 50.47M | 50.58M |
| Long-Term Debt | 0 | 0 | 4.36M | 0 | 0 | 0 | 0 | -574 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 4.69M | 4.86M | 4.36M | 4.64M | 4.53M | 4.72M | 4.12M | 4.3M | 4.3M | 3.9M | 2.86M | 2.98M | 3.49M | 3.92M | 4.24M | 5.09M | 6.29M | 7.38M | 7.34M | 7.83M |
| Deferred Tax Liabilities | 33.61M | 41.19M | 38.48M | 32.17M | 25.83M | 34.13M | 33.82M | 39.44M | 37.06M | 21.1M | 23.13M | 26.59M | 29.16M | 35.4M | 35.26M | 37.3M | 36.91M | 35.52M | 32.69M | 32.02M |
| Other Non-Current Liabilities | 6.61M | 5.98M | 1.69M | 6.13M | 6.54M | 5.53M | 4.95M | 4.81M | 4.76M | 6.15M | 9.19M | 7.18M | 7.01M | 6.12M | 8.32M | 8.3M | 8.31M | 7.35M | 9.34M | 9.38M |
| Total Liabilities | 291.27M | 275.04M | 269.02M | 256.14M | 257.95M | 262.38M | 262.98M | 253.66M | 275.89M | 236.25M | 245.75M | 242.32M | 240.86M | 216.65M | 208.04M | 208.3M | 201.11M | 185.61M | 176.03M | 169.23M |
| Total Debt | 8.14M | 8.31M | 11.96M | 7.97M | 7.93M | 8.27M | 6.94M | 7.25M | 7.39M | 6.98M | 5.92M | 6.15M | 6.87M | 7.32M | 7.6M | 8.7M | 10.16M | 11.41M | 11.39M | 12M |
| Net Debt | -369.35M | -346.01M | -266.71M | -232.66M | -168.48M | -227.87M | -174.34M | -245.41M | -230.86M | -313.97M | -273.69M | -221.25M | -175.32M | -269.06M | -229.76M | -180.33M | -201.62M | -202.03M | -159.69M | -116.36M |
| Debt / Equity | 0.00x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.00x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x |
| Debt / EBITDA | 0.10x | 0.09x | 0.14x | 0.11x | 0.12x | 0.12x | 0.11x | 0.11x | 0.13x | 0.13x | 0.12x | 0.11x | 0.13x | 0.15x | 0.15x | 0.18x | 0.22x | 0.27x | 0.26x | 0.28x |
| Net Debt / EBITDA | -4.40x | -3.89x | -3.19x | -3.31x | -2.52x | -3.32x | -2.71x | -3.80x | -3.94x | -5.85x | -5.57x | -4.12x | -3.34x | -5.43x | -4.57x | -3.73x | -4.33x | -4.84x | -3.64x | -2.67x |
| Interest Coverage | 275.63x | 266.58x | 240.09x | 204.66x | 204.07x | 186.89x | 199.48x | 199.84x | 167.60x | 118.57x | 102.40x | 114.23x | 113.06x | 113.77x | 122.42x | 112.70x | 110.60x | 92.72x | 95.70x | 96.25x |
| Total Equity | 1.63B | 1.61B | 1.55B | 1.5B | 1.45B | 1.39B | 1.36B | 1.31B | 1.26B | 1.23B | 1.19B | 1.17B | 1.13B | 1.1B | 1.05B | 1.04B | 1.01B | 999.82M | 991.43M | 962.81M |
| Equity Growth % | 12.4% | 16.17% | 14.36% | 14.34% | 14.96% | 12.56% | 14.26% | 11.75% | 11.55% | 11.92% | 13.25% | 13.04% | 11.61% | 9.96% | 5.72% | 7.85% | 7.56% | 9.74% | 13.86% | 12.49% |
| Book Value per Share | 18.67 | 18.37 | 17.70 | 17.12 | 16.58 | 15.81 | 15.53 | 15.04 | 14.50 | 14.15 | 13.68 | 13.53 | 13.05 | 12.70 | 12.12 | 12.03 | 11.75 | 11.58 | 11.48 | 11.18 |
| Total Shareholders' Equity | 1.63B | 1.61B | 1.55B | 1.5B | 1.45B | 1.39B | 1.36B | 1.31B | 1.26B | 1.23B | 1.19B | 1.17B | 1.13B | 1.1B | 1.05B | 1.04B | 1.01B | 999.82M | 991.43M | 962.81M |
| Common Stock | 595.73M | 587.08M | 586.9M | 583.36M | 574.82M | 568.34M | 564.79M | 561.85M | 556.16M | 547.8M | 547.54M | 546.98M | 546.27M | 538.45M | 538.35M | 537M | 536.84M | 536.3M | 535.5M | 534.21M |
| Retained Earnings | 537.5M | 523.71M | 481.99M | 438.29M | 400.27M | 364.03M | 326.66M | 290.1M | 254.7M | 219.41M | 188.92M | 162.32M | 134.2M | 104.85M | 75.1M | 48.63M | 25.73M | 2.61M | -16.58M | -42.07M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -10.85M | -7.94M | -21.57M | -20.57M | -21.26M | -50.5M | -33.98M | -34.25M | -35.88M | -28.41M | -40.35M | -22.02M | -30.45M | -30.46M | -48.29M | -26.81M | -24.01M | -12.39M | 1.43M | 2.29M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |