The company's financial position appears strained, with total debt of $635.5 million and a debt-to-equity ratio of 1.24, while retained earnings have plummeted to zero as of 2026Q2.
| Metric | TTM | Sep'25 | Sep'24 | Sep'23 | Sep'22 | Sep'21 | Sep'20 | Sep'19 | Sep'18 | Sep'17 | Sep'16 | Sep'15 | Sep'14 | Sep'13 | Sep'12 | Sep'11 | Sep'10 | Sep'09 | Sep'08 | Sep'07 | Sep'06 | Sep'05 | Sep'04 | Sep'03 | Sep'02 | Sep'01 | Sep'00 | Sep'99 | Sep'98 | Sep'97 | Sep'96 |
|---|
| Total Current Assets | 479.59M | 520.17M | 632.54M | 648.26M | 628.62M | 624.16M | 575.57M | 583.72M | 616.42M | 595.06M | 574.18M | 624.65M | 573.91M | 405.98M | 385.23M | 369.85M | 335.65M | 305.42M | 303.12M | 266.51M | 242.84M | 232.13M | 202.48M | 166.05M | 156.02M | 102.33M | 94.83M | 96.9M | 77.2M | 67.1M | 55.8M |
| Cash & Short-Term Investments | 36.09M | 32.43M | 40.82M | 42.1M | 71.41M | 49.18M | 41.33M | 35.3M | 41.57M | 57.52M | 55.71M | 72.2M | 63M | 48.08M | 58.26M | 61.66M | 61.11M | 57.79M | 50.73M | 44.11M | 29.81M | 39.62M | 66.69M | 71.54M | 61.67M | 28.93M | 30.47M | 31.6M | 25.4M | 20M | 12.4M |
| Cash Only | 36.09M | 32.43M | 40.82M | 42.1M | 71.41M | 49.18M | 41.33M | 35.3M | 41.57M | 57.52M | 55.71M | 72.2M | 63M | 48.08M | 58.26M | 60.27M | 59.72M | 57.73M | 50.67M | 44M | 29.72M | 39.55M | 65.83M | 66.95M | 57.1M | 28.69M | 29.15M | 31.5M | 25.4M | 20M | 12.4M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.39M | 1.4M | 62K | 62K | 105K | 92K | 67K | 858K | 4.59M | 4.57M | 240K | 1.32M | 100K | 0 | 0 | 0 |
| Accounts Receivable | 100.73M | 132.94M | 298.95M | 282.17M | 221.01M | 309.82M | 295.19M | 318.76M | 331.46M | 319.57M | 294.92M | 283.96M | 282.73M | 177.62M | 174.63M | 164.74M | 151.04M | 138.93M | 145.29M | 120.88M | 121.75M | 115.36M | 87.49M | 62.88M | 66.24M | 52.09M | 44.82M | 45.9M | 32.9M | 30.1M | 26.2M |
| Days Sales Outstanding | 52.21 | 32.4 | 60.76 | 54.76 | 45.77 | 67.67 | 71.91 | 75.68 | 75.49 | 76.96 | 72.71 | 72.68 | 93.26 | 65.8 | 70.8 | 66.9 | 67.08 | 64.94 | 64.78 | 58.88 | 62.07 | 65.81 | 62.76 | 50.02 | 56.48 | 67.11 | 62.35 | 70.01 | 56.75 | 58.07 | 55.6 |
| Inventory | 195.89M | 202.83M | 237.89M | 260.41M | 225.44M | 189.09M | 175.1M | 180.27M | 180.45M | 171.44M | 162.47M | 171.42M | 152.84M | 130.77M | 130.69M | 125.57M | 107.93M | 94.45M | 96.39M | 93.83M | 85.42M | 71.33M | 42.54M | 27.07M | 24.4M | 18.77M | 16.85M | 16.4M | 16.8M | 11.8M | 12M |
| Days Inventory Outstanding | 93.93 | 73.29 | 68.7 | 71.3 | 64.06 | 57.7 | 60.31 | 63.38 | 62.91 | 65.72 | 64.18 | 69.78 | 78.12 | 75.9 | 84.62 | 83.76 | 79.03 | 72.26 | 70.98 | 73.04 | 70.22 | 62.48 | 49.28 | 34.23 | 33.27 | 41.82 | 46.5 | 47.62 | 55.49 | 43.24 | 49.77 |
| Other Current Assets | 146.88M | 151.97M | 54.89M | 63.58M | 110.75M | 76.08M | 63.95M | 49.38M | 61.59M | 46.53M | 61.09M | 97.07M | 67.65M | 44.8M | 21.64M | 17.88M | 15.58M | 14.25M | 10.71M | 7.69M | 5.87M | 5.82M | 5.76M | 4.56M | 3.71M | 2.54M | 2.69M | 3M | 2.1M | 5.2M | 5.2M |
| Total Non-Current Assets | 1.05B | 1.17B | 1.2B | 1.24B | 1.25B | 1.41B | 1.5B | 1.61B | 1.76B | 1.65B | 1.52B | 1.54B | 1.46B | 808.95M | 742.82M | 727.61M | 658.17M | 644.23M | 611.17M | 504.56M | 473.25M | 429.93M | 328.06M | 270.69M | 266.58M | 186.62M | 125.83M | 128.8M | 110M | 102.1M | 97.6M |
| Property, Plant & Equipment | 240.18M | 224.57M | 340M | 341.95M | 256.06M | 223.71M | 236.79M | 237.44M | 252.78M | 235.53M | 219.49M | 227.41M | 209.31M | 180.73M | 144.05M | 134.5M | 129.75M | 138.06M | 145.74M | 88.93M | 88.1M | 88.87M | 72.71M | 69.63M | 75.14M | 49.01M | 48.47M | 50.7M | 44.7M | 42.5M | 37.3M |
| Fixed Asset Turnover | 4.91x | 6.67x | 5.28x | 5.50x | 6.88x | 7.47x | 6.33x | 6.47x | 6.34x | 6.43x | 6.74x | 6.27x | 5.29x | 5.45x | 6.25x | 6.68x | 6.33x | 5.66x | 5.62x | 8.43x | 8.13x | 7.20x | 7.00x | 6.59x | 5.70x | 5.78x | 5.41x | 4.72x | 4.73x | 4.45x | 4.61x |
| Goodwill | 433.2M | 487.56M | 697.12M | 698.11M | 675.42M | 773.79M | 765.39M | 846.81M | 948.89M | 897.79M | 851.49M | 855.73M | 819.47M | 524.55M | 476.18M | 465M | 405.18M | 385.22M | 359.64M | 318.3M | 298.13M | 0 | 0 | 0 | 144.96M | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 91.98M | 105.96M | 126.03M | 160.48M | 202.15M | 261.54M | 333.5M | 400.65M | 443.91M | 424.38M | 393.84M | 415M | 381.86M | 65.1M | 59.02M | 62.83M | 57.94M | 55M | 59.91M | 51.31M | 44.97M | 307.07M | 221.3M | 167.75M | 13.41M | 104.58M | 48.71M | 53.2M | 27M | 16.5M | 11.4M |
| Long-Term Investments | 1.14B | 288.64M | 23.08M | 24.99M | 25.98M | 30.44M | 63.25M | 85.5M | 45.43M | 37.67M | 31.36M | 25.52M | 23.13M | 22.29M | 18.84M | 15.11M | 13.64M | 13.39M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 4.48M | 67.54M | 9.58M | 11.32M | 90.93M | 114.95M | 94.38M | 31.45M | 66.22M | 51.76M | 19.89M | 13.77M | 20.03M | 14.4M | 12.08M | 16.35M | 21.1M | 20M | 28.16M | 22.71M | 17.62M | 16.97M | 24.44M | 27.25M | 14.97M | 27.88M | 28.65M | 24.9M | 38.3M | 43.1M | 48.9M |
| Total Assets | 1.53B | 1.69B | 1.83B | 1.89B | 1.88B | 2.03B | 2.07B | 2.19B | 2.38B | 2.24B | 2.09B | 2.16B | 2.03B | 1.21B | 1.13B | 1.1B | 993.83M | 949.65M | 914.28M | 771.07M | 716.09M | 662.07M | 530.54M | 436.74M | 422.6M | 288.95M | 220.66M | 225.7M | 187.2M | 169.2M | 153.4M |
| Asset Turnover | 0.75x | 0.88x | 0.98x | 1.00x | 0.94x | 0.82x | 0.72x | 0.70x | 0.67x | 0.68x | 0.71x | 0.66x | 0.54x | 0.81x | 0.80x | 0.82x | 0.83x | 0.82x | 0.90x | 0.97x | 1.00x | 0.97x | 0.96x | 1.05x | 1.01x | 0.98x | 1.19x | 1.06x | 1.13x | 1.12x | 1.12x |
| Asset Growth % | -45.55% | -7.65% | -2.78% | 0.24% | -7.35% | -1.96% | -5.39% | -7.78% | 5.83% | 7.35% | -3.33% | 6.46% | 67.23% | 7.7% | 2.79% | 10.43% | 4.65% | 3.87% | 18.57% | 7.68% | 8.16% | 24.79% | 21.48% | 3.35% | 46.25% | 30.95% | -2.23% | 20.57% | 10.64% | 10.3% | 11% |
| Total Current Liabilities | 293.17M | 350.48M | 434.77M | 394.6M | 411.38M | 354.23M | 316.87M | 279.88M | 286.4M | 285.13M | 259.35M | 249.08M | 253.28M | 187.78M | 180.87M | 161.74M | 148.11M | 132.34M | 161.71M | 123.46M | 137.21M | 145.58M | 111.57M | 76.32M | 87.19M | 66.54M | 46.83M | 62.3M | 43.9M | 36M | 24.9M |
| Accounts Payable | 102.48M | 98.46M | 108.36M | 114.32M | 121.36M | 112.72M | 82.92M | 74.56M | 70.04M | 66.61M | 58.12M | 68.9M | 72.04M | 45.23M | 44.29M | 46.66M | 36.31M | 28.6M | 26.65M | 22.86M | 26.93M | 43.52M | 26.13M | 19.8M | 19.46M | 12.97M | 10.07M | 9.8M | 6.9M | 5.9M | 6M |
| Days Payables Outstanding | 46.14 | 35.58 | 31.29 | 31.3 | 34.48 | 34.4 | 28.56 | 26.21 | 24.42 | 25.53 | 22.96 | 28.04 | 36.82 | 26.25 | 28.68 | 31.12 | 26.59 | 21.88 | 19.62 | 17.79 | 22.14 | 38.12 | 30.27 | 25.05 | 26.53 | 28.9 | 27.8 | 28.46 | 22.79 | 21.62 | 24.89 |
| Short-Term Debt | 22.47M | 7.23M | 29.47M | 27.68M | 26.15M | 29.77M | 50.77M | 42.5M | 31.26M | 29.53M | 27.75M | 11.74M | 15.23M | 23.59M | 21.57M | 18.01M | 12.07M | 14.19M | 35.14M | 27.06M | 28.45M | 28.72M | 17M | 6.03M | 6.13M | 5.02M | 3.48M | 7.6M | 800K | 900K | 300K |
| Deferred Revenue (Current) | 15.35M | 0 | 28.72M | 36.94M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27.32M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 270.7M | 218.31M | 171.92M | 144.24M | 196.32M | 138.56M | 121.51M | 114.28M | 122.19M | 105.4M | 94.22M | 92.73M | 98.01M | 71.14M | 77.16M | 55.46M | 47.69M | 45.84M | 47.66M | 36.54M | 39.09M | 28.83M | 24.15M | 0 | 0 | 31.16M | 16.28M | 44.9M | 36.2M | 29.2M | 18.6M |
| Current Ratio | 1.64x | 1.48x | 1.45x | 1.64x | 1.53x | 1.76x | 1.82x | 2.09x | 2.15x | 2.09x | 2.21x | 2.51x | 2.27x | 2.16x | 2.13x | 2.29x | 2.27x | 2.31x | 1.87x | 2.16x | 1.77x | 1.59x | 1.81x | 2.18x | 1.79x | 1.54x | 2.02x | 1.56x | 1.76x | 1.86x | 2.24x |
| Quick Ratio | 0.97x | 0.91x | 0.91x | 0.98x | 0.98x | 1.23x | 1.26x | 1.44x | 1.52x | 1.49x | 1.59x | 1.82x | 1.66x | 1.47x | 1.41x | 1.51x | 1.54x | 1.59x | 1.28x | 1.40x | 1.15x | 1.10x | 1.43x | 1.82x | 1.51x | 1.26x | 1.67x | 1.29x | 1.38x | 1.54x | 1.76x |
| Cash Conversion Cycle | 100.01 | 70.11 | 98.17 | 94.76 | 75.35 | 90.98 | 103.66 | 112.85 | 113.99 | 117.15 | 113.93 | 114.41 | 134.56 | 115.44 | 126.74 | 119.54 | 119.53 | 115.31 | 116.14 | 114.13 | 110.16 | 90.17 | 81.77 | 59.2 | 63.21 | 80.04 | 81.04 | 89.18 | 89.45 | 79.69 | 80.49 |
| Total Non-Current Liabilities | 725.98M | 863.02M | 962.91M | 967.5M | 984.32M | 1.04B | 1.14B | 1.19B | 1.2B | 1.17B | 1.12B | 1.16B | 995.56M | 477.99M | 456.25M | 457.46M | 351.98M | 378.42M | 287.73M | 220.84M | 186.46M | 182.13M | 106.72M | 104.19M | 154.04M | 78.7M | 46.98M | 48.8M | 39M | 29M | 26M |
| Long-Term Debt | 613.03M | 689.67M | 753.33M | 779.9M | 790.51M | 753.58M | 801.54M | 898.19M | 929.34M | 881.6M | 844.81M | 891.22M | 714.03M | 351.07M | 290.7M | 297.6M | 225.26M | 233.88M | 218.01M | 141.58M | 118.67M | 117.72M | 53.21M | 57.02M | 96.49M | 40.73M | 13.91M | 14.1M | 1.4M | 2.2M | 0 |
| Capital Lease Obligations | 138.08M | 51.43M | 56.36M | 56.78M | 56.23M | 62.77M | 55.47M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.44M | 1.57M | 0 | 3.65M | 1.11M | 690K | 1.62M | 1.24M | 1.18M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 241.05M | 55.97M | 45.69M | 71.25M | 92.59M | 97.42M | 78.91M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17.01M | 15.95M | 13.46M | 10.59M | 11.8M | 9.94M | 7.59M | 4.22M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 54.13M | 67.35M | 107.53M | 59.57M | 44.99M | 127.68M | 208.41M | 292.4M | 151.77M | 148.23M | 170.51M | 144.31M | 152.2M | 103.79M | 139.48M | 141.28M | 110.78M | 127.42M | 58.01M | 66.76M | 56.23M | 55.59M | 48.11M | 47.17M | 57.55M | 37.97M | 33.07M | 34.7M | 37.6M | 26.8M | 26M |
| Total Liabilities | 1.02B | 1.21B | 1.4B | 1.36B | 1.4B | 1.4B | 1.46B | 1.47B | 1.51B | 1.45B | 1.38B | 1.43B | 1.25B | 662M | 637.13M | 629.36M | 500.1M | 483.64M | 449.44M | 344.29M | 323.67M | 327.71M | 218.29M | 180.51M | 241.23M | 145.24M | 93.81M | 111.1M | 82.9M | 65M | 50.9M |
| Total Debt | 635.5M | 764.12M | 839.16M | 864.35M | 872.88M | 846.13M | 907.77M | 940.7M | 960.6M | 911.13M | 872.55M | 902.95M | 729.25M | 374.65M | 319.71M | 317.18M | 237.33M | 251.72M | 254.27M | 169.33M | 148.74M | 147.67M | 71.39M | 63.05M | 102.61M | 45.75M | 17.39M | 21.7M | 2.2M | 3.1M | 300K |
| Net Debt | 599.41M | 731.68M | 798.34M | 822.25M | 801.47M | 796.96M | 866.44M | 905.39M | 919.03M | 853.62M | 816.84M | 830.76M | 666.25M | 326.58M | 261.45M | 256.91M | 177.61M | 193.99M | 203.6M | 125.33M | 119.02M | 108.12M | 5.56M | -3.9M | 45.51M | 17.06M | -11.76M | -9.8M | -23.2M | -16.9M | -12.1M |
| Debt / Equity | 1.24x | 1.59x | 1.92x | 1.65x | 1.79x | 1.33x | 1.48x | 1.31x | 1.11x | 1.15x | 1.23x | 1.23x | 0.93x | 0.68x | 0.65x | 0.68x | 0.48x | 0.54x | 0.55x | 0.40x | 0.38x | 0.44x | 0.23x | 0.25x | 0.57x | 0.32x | 0.14x | 0.19x | 0.02x | 0.03x | 0.00x |
| Debt / EBITDA | 16.72x | 8.30x | 5.15x | 4.13x | 4.79x | 4.02x | 5.10x | 4.31x | 3.96x | 4.22x | 4.03x | 4.41x | 5.01x | 2.72x | 2.61x | 2.17x | 1.65x | 1.70x | 1.61x | 1.20x | 1.10x | 1.25x | 0.63x | 0.66x | 1.25x | 0.69x | 0.29x | 0.42x | 0.05x | 0.08x | 0.01x |
| Net Debt / EBITDA | 15.77x | 7.95x | 4.90x | 3.93x | 4.40x | 3.79x | 4.87x | 4.15x | 3.79x | 3.96x | 3.77x | 4.06x | 4.58x | 2.37x | 2.14x | 1.76x | 1.23x | 1.31x | 1.29x | 0.89x | 0.88x | 0.91x | 0.05x | -0.04x | 0.55x | 0.26x | -0.20x | -0.19x | -0.53x | -0.46x | -0.35x |
| Interest Coverage | 4.89x | 1.27x | -0.35x | 2.04x | -2.87x | 1.12x | -2.09x | 0.21x | 3.68x | 4.76x | 5.04x | 5.04x | 5.68x | 6.68x | 7.83x | 14.08x | 15.39x | 8.37x | 13.00x | 16.38x | 16.49x | 34.32x | 49.72x | - | - | - | - | - | - | - | - |
| Total Equity | 512.22M | 480.94M | 437.21M | 525.28M | 486.8M | 636.26M | 612.06M | 720.37M | 868.71M | 790.26M | 709.33M | 734.05M | 782.89M | 552.93M | 490.92M | 468.09M | 493.73M | 466.01M | 464.85M | 426.78M | 392.43M | 334.36M | 312.25M | 256.23M | 181.38M | 143.72M | 126.86M | 114.6M | 104.3M | 104.2M | 102.5M |
| Equity Growth % | 68.87% | 10% | -16.77% | 7.9% | -23.49% | 3.95% | -15.04% | -17.08% | 9.93% | 11.41% | -3.37% | -6.24% | 41.59% | 12.63% | 4.88% | -5.19% | 5.95% | 0.25% | 8.92% | 8.75% | 17.37% | 7.08% | 21.86% | 41.27% | 26.2% | 13.29% | 10.69% | 9.88% | 0.1% | 1.66% | 18.09% |
| Book Value per Share | - | 15.47 | 14.14 | 16.79 | 15.52 | 19.89 | 19.62 | 22.93 | 27.27 | 24.23 | 21.57 | 22.11 | 23.81 | 19.95 | 17.41 | 16.25 | 16.62 | 15.28 | 14.92 | 13.45 | 12.17 | 10.33 | 9.60 | 7.71 | 5.70 | 4.59 | 4.00 | 3.53 | 3.11 | 2.95 | 2.88 |
| Total Shareholders' Equity | 512.22M | 480.94M | 437.16M | 525.67M | 487.08M | 636.4M | 611.43M | 719.24M | 868.35M | 789.71M | 708.66M | 730.82M | 778.83M | 549.47M | 477.82M | 464.64M | 461.94M | 434.22M | 433.95M | 426.78M | 392.43M | 334.36M | 312.25M | 256.23M | 181.38M | 143.72M | 126.86M | 114.6M | 104.3M | 104.2M | 102.5M |
| Common Stock | 0 | 36.33M | 36.33M | 36.33M | 36.33M | 36.33M | 36.33M | 36.33M | 36.33M | 36.33M | 36.33M | 36.33M | 36.33M | 36.33M | 36.33M | 36.33M | 36.33M | 36.33M | 36.33M | 36.33M | 36.33M | 36.33M | 36.33M | 36.33M | 36.33M | 36.33M | 18.17M | 18.2M | 18.2M | 0 | 0 |
| Retained Earnings | 0 | 565.28M | 623.06M | 714.73M | 706.75M | 834.21M | 859M | 972.59M | 1.04B | 948.83M | 896.22M | 843.96M | 806.04M | 775.76M | 727.18M | 681.66M | 621.92M | 559.79M | 511.13M | 467.85M | 410.2M | 362.33M | 308.44M | 257.56M | 216.57M | 184.84M | 174.69M | 152.1M | 131.1M | 115.2M | 98.4M |
| Treasury Stock | 0 | -197.28M | -212.99M | -219.2M | -225.79M | -190.74M | -179M | -200.24M | -173.31M | -164.77M | -159.11M | -115.03M | -109.95M | -283.01M | -268.5M | -243.25M | -207.47M | -179.45M | -157.78M | -132.36M | -92.45M | -77.06M | -55.76M | -50.78M | -58.43M | -68.48M | -56.82M | -51.6M | -40.1M | 0 | 0 |
| Accumulated OCI | 0 | -78.01M | -168.74M | -174.4M | -190.19M | -192.74M | -240.72M | -228.36M | -164.3M | -154.12M | -181.87M | -150.33M | -66.82M | -26.94M | -65.08M | -58.66M | -37.14M | -29.88M | -2.98M | 13.39M | 4.39M | -1.36M | 11.54M | 6.64M | -15.22M | -8.98M | -9.18M | -4M | -4.8M | -29.7M | -26.2M |
| Minority Interest | 0 | 0 | 48K | -387K | -276K | -145K | 626K | 1.13M | 363K | 552K | 669K | 3.23M | 4.06M | 3.46M | 13.09M | 3.45M | 31.78M | 31.8M | 30.89M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
High leverage and impairment
Based on reported financial statements, Matthews International's equity base has contracted from $508.8 million in 2024Q1 to $512.2 million in 2026Q2, while total debt remains elevated at $635.5 million, signaling a weakening financial position as the company struggles to deleverage during a period of revenue decline.
The persistent erosion of equity relative to debt levels suggests that the company's capital structure is becoming increasingly fragile. Investors should monitor whether the current trajectory of asset liquidation or impairment continues to outpace the company's ability to retain earnings.
According to recent SEC filings, the company's debt-to-equity ratio has fluctuated significantly, reaching a peak of 2.14 in 2025Q2 before settling at 1.24 in 2026Q2, which indicates that management remains heavily reliant on external financing to support its capital-intensive industrial and memorialization operations.
High leverage levels in a volatile revenue environment may limit the company's ability to pursue necessary R&D or strategic acquisitions. The reliance on debt appears to be a structural necessity rather than a strategic choice, which may increase refinancing risk if credit markets tighten.
As reported in financial statements, goodwill remains a substantial component of the asset base at $433.2 million as of 2026Q2, representing a significant portion of total assets and suggesting that past acquisition premiums may be vulnerable to future impairment charges if segment performance does not improve.
The concentration of intangible assets relative to tangible PPE suggests that the company's book value may be overstated if the underlying business units fail to meet growth expectations. This warrants further investigation into the recoverability of these assets given the recent revenue contraction.
Based on the provided figures, the company's cash position has dwindled to $36.1 million in 2026Q2, while the current ratio of 1.64 suggests a narrowing margin of safety for meeting short-term obligations compared to the 1.88 ratio observed in 2024Q1.
The declining cash buffer relative to historical levels may indicate that the company is consuming its liquidity to fund operations or debt service. This trend appears to leave the firm with limited room for error should working capital requirements spike or operational cash flows remain suppressed.
As evidenced by the quarterly data, retained earnings have plummeted to zero in 2026Q2 from a high of $705.1 million in 2024Q2, which suggests that the company's historical profit accumulation has been entirely offset by recent losses and potential accounting adjustments.
The rapid depletion of retained earnings is a non-obvious risk that may signal deeper structural issues than headline figures suggest. This development warrants further investigation into whether the company is facing a permanent impairment of its capital base or if this reflects aggressive non-cash write-downs.
Quick answers to the most common questions about buying MATW stock.
As of 2025, Matthews International Corporation (MATW) had total assets of $1.69B including $520.2M in current assets.
Matthews International Corporation (MATW) carries total debt of $764.1M, offset by $32.4M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Matthews International Corporation (MATW) has total shareholders' equity (book value) of $480.9M ($15.47 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Matthews International Corporation (MATW) reported a current ratio of 1.48x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.