The company's financial position appears strained, evidenced by a dramatic reduction in total assets from $3.1 billion in 2025Q4 to $2.1 billion in 2026Q4 due to significant impairment charges.
| Metric | Feb'26 | Feb'25 | Feb'24 | Feb'23 | Feb'22 | Feb'21 | Feb'20 | Feb'19 | Feb'18 | Feb'17 | Feb'16 | Feb'15 | Feb'14 | Feb'13 | Feb'12 | Feb'11 | Feb'10 | Feb'09 | Feb'08 | Feb'07 | Feb'06 | Feb'05 | Feb'04 | Feb'03 | Feb'02 | Feb'01 | Feb'00 | Feb'99 | Feb'98 | Feb'97 |
|---|
| Total Current Assets | 865.52M | 931.71M | 843.92M | 892.04M | 1.08B | 971.94M | 682.84M | 604.86M | 555.31M | 556.08M | 772.72M | 564.76M | 615.48M | 545.21M | 488.54M | 460.45M | 359.35M | 396.45M | 395.76M | 373.22M | 311.17M | 287.23M | 243.74M | 234.84M | 243.67M | 220.38M | 194.02M | 189.7M | 176.9M | 133.2M |
| Cash & Short-Term Investments | 18.89M | 18.87M | 18.5M | 29.07M | 33.38M | 45.12M | 24.47M | 11.87M | 20.74M | 23.09M | 225.8M | 12.29M | 70.03M | 12.84M | 21.85M | 28.43M | 110.21M | 103.25M | 121.71M | 91.39M | 18.42M | 21.94M | 53.74M | 49.28M | 64.44M | 27.89M | 35.26M | 33.7M | 55.7M | 25.8M |
| Cash Only | 18.89M | 18.87M | 18.5M | 29.07M | 33.38M | 45.12M | 24.47M | 11.87M | 20.74M | 23.09M | 225.8M | 12.29M | 70.03M | 12.84M | 21.85M | 27.19M | 110.21M | 102.67M | 57.85M | 35.45M | 18.32M | 21.75M | 53.05M | 47.84M | 64.29M | 25.94M | 34.27M | 33.7M | 55.7M | 25.8M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.23M | 0 | 570K | 63.86M | 55.94M | 97K | 192K | 692K | 1.44M | 145K | 1.96M | 994K | 0 | 0 | 0 |
| Accounts Receivable | 361.3M | 434.13M | 402.41M | 382.76M | 463.05M | 389.17M | 348.02M | 280.28M | 275.91M | 229.42M | 217.9M | 222.92M | 216.84M | 221.52M | 195.28M | 190.8M | 110.32M | 107.6M | 106.48M | 115.9M | 107.29M | 111.74M | 72.8M | 61.99M | 69.94M | 64.31M | 52.92M | 59.8M | 44.6M | 37M |
| Days Sales Outstanding | 73.83 | 83.06 | 73.25 | 67.41 | 76.02 | 67.68 | 74.4 | 65.4 | 68.1 | 59.92 | 57.11 | 56.3 | 60.09 | 62.76 | 60.32 | 89.63 | 62.18 | 63.07 | 59.56 | 66.62 | 66.4 | 70.13 | 55.96 | 49.31 | 56.57 | 64.95 | 64.49 | 74.11 | 65.61 | 63.4 |
| Inventory | 455.81M | 452.62M | 396M | 455.49M | 557.99M | 481.61M | 256.31M | 302.34M | 251.51M | 289.12M | 301.61M | 293.08M | 289.25M | 280.87M | 246.14M | 217.23M | 124.02M | 169.78M | 144.87M | 144.07M | 168.4M | 137.47M | 104.06M | 111.97M | 100.31M | 118.54M | 96.96M | 90.3M | 71.4M | 68.3M |
| Days Inventory Outstanding | 171.41 | 166.33 | 136.82 | 141.69 | 160.35 | 150.05 | 96.15 | 119.55 | 105.81 | 128.05 | 127 | 126.51 | 131.9 | 133.13 | 127.76 | 185.34 | 122.85 | 168.7 | 142.58 | 147.9 | 190.19 | 163.42 | 147.41 | 164.93 | 153.28 | 203.72 | 197.97 | 193.54 | 174.79 | 191.47 |
| Other Current Assets | 29.52M | 26.1M | 27.01M | 24.72M | 1.94M | 39.87M | 44.81M | 0 | 0 | 14.4M | 0 | 26.75M | 29.26M | 21.53M | 17.62M | 18.84M | 11.53M | 13.01M | 16.42M | 13.48M | 11.27M | 7.66M | 5.93M | 3.15M | 5.73M | 7.12M | 8.89M | 5.9M | 5.2M | 2.1M |
| Total Non-Current Assets | 1.25B | 2.2B | 1.99B | 2.02B | 1.74B | 1.29B | 1.22B | 1.04B | 1.07B | 1.26B | 1.1B | 1.09B | 917.83M | 928.8M | 947.19M | 780.07M | 475.38M | 424.85M | 516.23M | 533.05M | 546.57M | 524.22M | 245.87M | 170.79M | 113.89M | 116.8M | 110.23M | 104.3M | 50.7M | 49M |
| Property, Plant & Equipment | 357.39M | 365.09M | 372.61M | 390.54M | 243.14M | 169.07M | 164.75M | 130.34M | 123.5M | 134.94M | 130.47M | 126.07M | 129.12M | 101.72M | 100.69M | 82.49M | 82.11M | 83.95M | 91.61M | 96.67M | 100.7M | 71.55M | 68.7M | 63.08M | 45.72M | 47.76M | 47.74M | 42.5M | 26.3M | 25.8M |
| Fixed Asset Turnover | 5.00x | 5.23x | 5.38x | 5.31x | 9.14x | 12.41x | 10.36x | 12.00x | 11.97x | 10.36x | 10.67x | 11.46x | 10.20x | 12.67x | 11.74x | 9.42x | 7.89x | 7.42x | 7.12x | 6.57x | 5.86x | 8.13x | 6.91x | 7.27x | 9.87x | 7.57x | 6.27x | 6.93x | 9.43x | 8.26x |
| Goodwill | 472.28M | 1.18B | 1.07B | 1.07B | 948.87M | 739.9M | 739.9M | 602.32M | 602.32M | 698.93M | 583M | 549.73M | 453.24M | 453.24M | 452.35M | 356.24M | 185.94M | 166.13M | 212.92M | 201M | 201M | 201.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 372.85M | 566.76M | 536.7M | 553.88M | 537.85M | 357.26M | 300.95M | 291.53M | 302.92M | 419.49M | 375.75M | 398.43M | 322.31M | 355.63M | 377.15M | 304.7M | 177.12M | 143.66M | 202.44M | 224.22M | 229.69M | 204.03M | 134.11M | 85.19M | 47.45M | 50.65M | 46.35M | 47.02M | 19.8M | 9.9M |
| Long-Term Investments | 0 | 302K | 1.19M | 1.82M | 2.92M | 33K | 23K | 218K | 2.2M | 0 | 0 | 0 | 0 | 0 | 0 | -18.84M | -11.53M | 19.97M | -16.42M | -13.48M | -10.69M | -7.66M | -5.93M | 0 | -45K | 44K | 6K | 0 | 0 | 0 |
| Other Non-Current Assets | 43.28M | 17.66M | 13.82M | 6.17M | 4.97M | 3.54M | 784K | 12.28M | 18.42M | 1.71M | 6.09M | 12.64M | 10.64M | 15.81M | 16.02M | 36.64M | 30.2M | 9.53M | 9.26M | 11.16M | 15.17M | 47.43M | 43.05M | 22.52M | 27.41M | 18.39M | 16.14M | 14.8M | 15.4M | 13.3M |
| Total Assets | 2.12B | 3.13B | 2.84B | 2.91B | 2.82B | 2.26B | 1.9B | 1.65B | 1.62B | 1.81B | 1.87B | 1.65B | 1.53B | 1.47B | 1.44B | 1.24B | 834.73M | 821.31M | 911.99M | 906.27M | 857.74M | 811.45M | 489.61M | 405.63M | 357.56M | 337.18M | 304.25M | 294M | 227.6M | 182.2M |
| Asset Turnover | 0.84x | 0.61x | 0.71x | 0.71x | 0.79x | 0.93x | 0.90x | 0.95x | 0.91x | 0.77x | 0.74x | 0.87x | 0.86x | 0.87x | 0.82x | 0.63x | 0.78x | 0.76x | 0.72x | 0.70x | 0.69x | 0.72x | 0.97x | 1.13x | 1.26x | 1.07x | 0.98x | 1.00x | 1.09x | 1.17x |
| Asset Growth % | -32.46% | 10.34% | -2.58% | 3.2% | 24.74% | 18.89% | 15.42% | 1.74% | -10.58% | -3.02% | 13.05% | 7.86% | 4.02% | 2.67% | 15.74% | 48.61% | 1.63% | -9.94% | 0.63% | 5.66% | 5.71% | 65.73% | 20.7% | 13.44% | 6.04% | 10.82% | 3.49% | 29.17% | 24.92% | 17.62% |
| Total Current Liabilities | 504.96M | 466.26M | 450.81M | 412.16M | 602.69M | 614.89M | 338.9M | 312.03M | 297.09M | 289.37M | 268.76M | 261.87M | 329.35M | 308.67M | 378.89M | 338.94M | 105.29M | 172.25M | 119.46M | 135.09M | 125.61M | 130.92M | 77.3M | 61.03M | 52.23M | 62.57M | 39.63M | 38.7M | 22.6M | 21.3M |
| Accounts Payable | 256.41M | 269.4M | 245.35M | 190.6M | 308.18M | 334.81M | 152.67M | 143.56M | 129.34M | 105.65M | 103.71M | 98.56M | 75.58M | 72.26M | 69.84M | 73.32M | 35.01M | 33.96M | 42.76M | 37.78M | 30.18M | 30.87M | 15.64M | 19.61M | 11.55M | 21M | 6.29M | 1.59M | 1.4M | 2.6M |
| Days Payables Outstanding | 96.43 | 99 | 84.77 | 59.29 | 88.56 | 104.31 | 57.27 | 56.77 | 54.41 | 46.79 | 43.67 | 42.55 | 34.47 | 34.25 | 36.25 | 62.56 | 34.68 | 33.74 | 42.09 | 38.78 | 34.08 | 36.7 | 22.16 | 28.89 | 17.65 | 36.09 | 12.85 | 3.41 | 3.43 | 7.29 |
| Short-Term Debt | 77.88M | 9.38M | 6.25M | 6.06M | 1.88M | 1.88M | 1.88M | 1.88M | 1.88M | 24.4M | 22.64M | 21.9M | 96.9M | 102M | 174.1M | 124M | 3M | 78M | 3M | 10M | 10M | 10M | 10M | 0 | 0 | 10M | 450K | 10M | 0 | 4M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 170.67M | 62.14M | 56.47M | 54.03M | 58.23M | 65.01M | 45.03M | 47.25M | 34.88M | 36.35M | 6.36M | 11.73M | 7.76M | 17.35M | 20.74M | 18.12M | 0 | 0 | 0 | 33.84M | 31.29M | 26.41M | 23.6M | 18.95M | 20.13M | 18.13M | 32.88M | 27.15M | 21.2M | 14.7M |
| Current Ratio | 1.71x | 2.00x | 1.87x | 2.16x | 1.80x | 1.58x | 2.01x | 1.94x | 1.87x | 1.92x | 2.88x | 2.16x | 1.87x | 1.77x | 1.29x | 1.36x | 3.41x | 2.30x | 3.31x | 2.76x | 2.48x | 2.19x | 3.15x | 3.85x | 4.67x | 3.52x | 4.90x | 4.90x | 7.83x | 6.25x |
| Quick Ratio | 0.81x | 1.03x | 0.99x | 1.06x | 0.87x | 0.80x | 1.26x | 0.97x | 1.02x | 0.92x | 1.75x | 1.04x | 0.99x | 0.86x | 0.64x | 0.72x | 2.24x | 1.32x | 2.10x | 1.70x | 1.14x | 1.14x | 1.81x | 2.01x | 2.74x | 1.63x | 2.45x | 2.57x | 4.67x | 3.05x |
| Cash Conversion Cycle | 148.81 | 150.39 | 125.31 | 149.81 | 147.81 | 113.42 | 113.28 | 128.19 | 119.49 | 141.18 | 140.44 | 140.27 | 157.52 | 161.64 | 151.83 | 212.41 | 150.35 | 198.02 | 160.05 | 175.74 | 222.51 | 196.86 | 181.21 | 185.35 | 192.2 | 232.58 | 249.6 | 264.24 | 236.98 | 247.59 |
| Total Non-Current Liabilities | 812.39M | 982.38M | 750.37M | 1.01B | 893.42M | 409.25M | 403.26M | 340.87M | 309.77M | 502.96M | 670.84M | 487.32M | 174.46M | 238.73M | 260.11M | 216.03M | 145.67M | 140.36M | 224.16M | 243.77M | 256.76M | 260M | 62.21M | 55M | 55M | 55M | 55M | 55.5M | 55.5M | 40.4M |
| Long-Term Debt | 0 | 907.52M | 659.42M | 928.35M | 811.33M | 341.75M | 337.42M | 318.9M | 287.99M | 461.21M | 597.27M | 411.31M | 95.71M | 155M | 175M | 180.48M | 131M | 140.36M | 212M | 240M | 254.97M | 260M | 45M | 55M | 55M | 55M | 55M | 55.5M | 55.5M | 40.5M |
| Capital Lease Obligations | 0 | 39.95M | 37.26M | 42.67M | 43.74M | 38.35M | 40.86M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -13.22M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 2.7M | 29.28M | 41.25M | 28.05M | 21.58M | 5.74M | 4.22M | 5.75M | 7.1M | 20.09M | 44.12M | 52.71M | 56.99M | 57.99M | 60.58M | 23.22M | 1.2M | 0 | 410K | 1.67M | 81K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 809.69M | 5.63M | 12.43M | 13.68M | 16.76M | 23.42M | 20.76M | 16.22M | 14.69M | 21.66M | 26.61M | 23.31M | 21.77M | 25.74M | 24.53M | 1.59M | 2.56M | 0 | 11.75M | 2.1M | 1.71M | 0 | 17.21M | 0 | 0 | 0 | 0 | 0 | 0 | -100K |
| Total Liabilities | 1.32B | 1.45B | 1.2B | 1.42B | 1.5B | 1.02B | 742.16M | 652.9M | 606.86M | 792.33M | 939.6M | 749.19M | 503.81M | 547.4M | 638.99M | 554.98M | 250.96M | 312.61M | 343.62M | 378.86M | 382.37M | 390.92M | 139.51M | 116.03M | 107.23M | 117.57M | 94.63M | 94.2M | 78.1M | 61.7M |
| Total Debt | 77.88M | 956.84M | 702.93M | 977.08M | 856.96M | 381.98M | 380.17M | 320.78M | 289.87M | 485.62M | 619.91M | 433.21M | 192.61M | 257M | 349.1M | 302M | 136.56M | 212M | 226.75M | 250M | 264.97M | 270M | 55M | 55M | 55M | 65M | 55.45M | 65.45M | 55.5M | 44.5M |
| Net Debt | 59M | 937.98M | 684.43M | 948.01M | 823.58M | 336.86M | 355.7M | 308.91M | 269.13M | 461.77M | 394.11M | 420.91M | 122.58M | 244.16M | 327.25M | 277.42M | 26.35M | 109.33M | 168.9M | 214.54M | 246.65M | 248.25M | 1.95M | 7.16M | -9.29M | 39.06M | 21.18M | 31.76M | -200K | 18.7M |
| Debt / Equity | 0.10x | 0.57x | 0.43x | 0.66x | 0.65x | 0.31x | 0.33x | 0.32x | 0.29x | 0.48x | 0.67x | 0.48x | 0.19x | 0.28x | 0.44x | 0.44x | 0.23x | 0.42x | 0.40x | 0.47x | 0.56x | 0.64x | 0.16x | 0.19x | 0.22x | 0.30x | 0.26x | 0.33x | 0.37x | 0.37x |
| Debt / EBITDA | - | 4.84x | 2.25x | 3.81x | 2.78x | 1.20x | 1.76x | 1.40x | 1.43x | 2.36x | 4.10x | 2.15x | 1.28x | 1.40x | 2.06x | 2.32x | 1.31x | 2.61x | 2.57x | 2.95x | 3.16x | 2.42x | 0.60x | 0.93x | 1.09x | 2.12x | 3.39x | 1.58x | 1.63x | 1.75x |
| Net Debt / EBITDA | - | 4.74x | 2.19x | 3.70x | 2.67x | 1.06x | 1.65x | 1.35x | 1.33x | 2.24x | 2.61x | 2.09x | 0.81x | 1.33x | 1.93x | 2.13x | 0.25x | 1.35x | 1.91x | 2.53x | 2.94x | 2.22x | 0.02x | 0.12x | -0.18x | 1.27x | 1.30x | 0.77x | -0.01x | 0.74x |
| Interest Coverage | 1.85x | 4.11x | 4.71x | 5.94x | 21.41x | 23.06x | 17.34x | 17.21x | 13.84x | 11.68x | 13.17x | 11.36x | 14.46x | 15.24x | 10.36x | 10.92x | 8.11x | -2.76x | 5.08x | - | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 798.2M | 1.68B | 1.64B | 1.49B | 1.33B | 1.24B | 1.16B | 996.64M | 1.01B | 1.02B | 930.04M | 904.57M | 1.03B | 926.61M | 796.73M | 685.55M | 583.77M | 508.69M | 568.38M | 527.42M | 475.38M | 420.53M | 350.1M | 289.6M | 250.33M | 219.61M | 209.62M | 199.8M | 149.5M | 120.5M |
| Equity Growth % | -52.59% | 2.81% | 9.98% | 12.17% | 7.1% | 6.68% | 16.56% | -1.76% | -0.62% | 9.75% | 2.82% | -12.13% | 11.1% | 16.3% | 16.22% | 17.43% | 14.76% | -10.5% | 7.77% | 10.95% | 13.04% | 20.12% | 20.89% | 15.69% | 13.99% | 4.76% | 4.92% | 33.65% | 24.07% | 18.25% |
| Book Value per Share | 34.70 | 72.99 | 68.31 | 61.80 | 54.38 | 49.19 | 45.88 | 37.89 | 37.22 | 36.60 | 32.35 | 31.15 | 31.79 | 29.01 | 25.13 | 21.86 | 18.88 | 16.86 | 17.87 | 16.63 | 15.04 | 12.90 | 11.20 | 9.80 | 8.57 | 7.64 | 7.01 | 6.75 | 5.18 | 4.34 |
| Total Shareholders' Equity | 798.2M | 1.68B | 1.64B | 1.49B | 1.33B | 1.24B | 1.16B | 996.64M | 1.01B | 1.02B | 930.04M | 904.57M | 1.03B | 926.61M | 796.73M | 685.55M | 583.77M | 508.69M | 568.38M | 527.42M | 475.38M | 420.53M | 350.1M | 289.6M | 250.33M | 219.61M | 209.62M | 199.8M | 149.5M | 120.5M |
| Common Stock | 2.31M | 2.29M | 2.38M | 2.4M | 2.38M | 2.44M | 2.52M | 2.5M | 2.66M | 2.7M | 2.77M | 2.85M | 3.23M | 3.19M | 3.17M | 3.08M | 3.06M | 2.99M | 3.04M | 3.03M | 3M | 2.98M | 2.93M | 2.82M | 2.82M | 2.81M | 2.88M | 2.9M | 2.7M | 1.3M |
| Retained Earnings | 412.79M | 1.31B | 1.28B | 1.16B | 1.02B | 965.17M | 898.17M | 746.37M | 780.49M | 798.13M | 728.53M | 721.86M | 846.49M | 761.68M | 648.14M | 560.3M | 468.53M | 410.37M | 473.36M | 431M | 380.92M | 331.61M | 274.41M | 233.77M | 195.47M | 169.5M | 153.25M | 143.2M | 114.9M | 92.5M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -1.88M | 2.28M | 2.1M | 4.95M | 202K | -11.66M | -7M | 1.19M | 631K | 1.17M | 665K | -76K | -1.09M | -2.73M | -5.59M | -7.85M | -8.57M | -10.29M | -8.35M | -1.57M | 1.16M | -1.78M | -918K | -976K | -1.39M | -4.91M | 0 | -6.9M | -4.9M | -4M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Asset Impairment Risk
As reported in recent financial statements, Helen of Troy's total assets have declined from $3.1 billion in 2025Q4 to $2.1 billion by 2026Q4, signaling a significant contraction in the company's resource base that warrants close monitoring by investors concerned with long-term business quality.
The consistent reduction in total assets suggests that the company is undergoing a structural downsizing or a significant revaluation of its portfolio. This trend appears to reflect the challenges of maintaining a premium brand platform in a period of sustained revenue contraction.
Based on quarterly filings, the company's goodwill balance plummeted from $1.2 billion in 2025Q4 to $472.3 million in 2026Q4, indicating that previous acquisition-led growth strategies are being aggressively reassessed in light of current market realities and underperforming brand assets.
The sharp decline in goodwill suggests that the company is writing down the value of past acquisitions, which may imply that the expected synergies from these deals have failed to materialize. This impairment process creates significant uncertainty regarding the true carrying value of the remaining intangible asset base.
According to the latest balance sheet data, the company held only $18.9 million in cash as of 2026Q4, a figure that appears dangerously thin relative to its operational scale and suggests limited capacity to absorb further shocks or fund strategic pivots without external financing.
While the current ratio remains at 1.71, the absolute cash position is minimal, leaving little room for error in managing working capital cycles. Investors should monitor whether this liquidity constraint forces the company to prioritize debt service over necessary brand investment or marketing spend.
As evidenced by the dramatic shift in equity from $1.7 billion in 2025Q4 to $798.2 million in 2026Q4, the balance sheet is being fundamentally reshaped by non-cash charges, which may mask the underlying operational volatility and the true extent of the company's financial distress.
The rapid depletion of equity suggests that the company is absorbing significant losses that are not merely transitory. This distortion makes headline leverage ratios potentially misleading, as the denominator is shrinking alongside the asset base, which may obscure the true risk profile of the firm.
Quick answers to the most common questions about buying HELE stock.
As of 2026, Helen of Troy Limited (HELE) had total assets of $2.12B including $865.5M in current assets.
Helen of Troy Limited (HELE) carries total debt of $77.9M, offset by $18.9M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Helen of Troy Limited (HELE) has total shareholders' equity (book value) of $798.2M ($34.70 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Helen of Troy Limited (HELE) reported a current ratio of 1.71x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.