The company has achieved a robust financial position by eliminating all debt as of 2026Q1, a significant improvement from the $51.4 million debt load reported in 2024Q2.
MasterCraft Boat Holdings, Inc. (MCFT) balance sheet — 13-year assets, liabilities & shareholders' equity history
| Metric | TTM | Jun'25 | Jun'24 | Jun'23 | Jun'22 | Jun'21 | Jun'20 | Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 |
|---|
| Total Current Assets | 152.71M | 121.21M | 155.07M | 195.5M | 146.11M | 110.23M | 56.74M | 54.36M | 37.19M | 21.65M | 18.09M | 29.33M | 34.04M | 26.99M |
| Cash & Short-Term Investments | 43.87M | 79.44M | 86.24M | 111.38M | 34.2M | 39.25M | 16.32M | 5.83M | 7.91M | 4.04M | 73K | 1.17M | 12.54M | 8.57M |
| Cash Only | 43.87M | 28.93M | 7.39M | 19.82M | 34.2M | 39.25M | 16.32M | 5.83M | 7.91M | 4.04M | 73K | 1.17M | 12.54M | 8.57M |
| Short-Term Investments | 0 | 50.52M | 78.85M | 91.56M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 13.58M | 4.29M | 11.95M | 15.74M | 22.47M | 12.44M | 11.07M | 13.41M | 5.51M | 3.5M | 2.97M | 2.65M | 4.41M | 5.17M |
| Days Sales Outstanding | 10.39 | 5.51 | 11.9 | 9.42 | 12.78 | 9.74 | 11.13 | 10.5 | 6.05 | 5.59 | 4.89 | 4.52 | 9.06 | 11.66 |
| Inventory | 82.26M | 30.47M | 36.97M | 58.3M | 58.59M | 53.48M | 25.64M | 30.66M | 20.47M | 11.68M | 13.27M | 11.54M | 11.69M | 11.32M |
| Days Inventory Outstanding | 61.53 | 48.92 | 45.06 | 48.23 | 45.18 | 57.27 | 32.52 | 31.68 | 30.82 | 25.8 | 30.17 | 25.81 | 30.47 | 31.46 |
| Other Current Assets | 13M | 7.01M | 19.91M | 10.08M | 23.17M | 0 | 0 | 0 | 2.05M | 1.18M | 539K | 9.82M | 4.33M | 1.57M |
| Total Non-Current Assets | 347.73M | 138.74M | 162.91M | 158.48M | 150.94M | 166.23M | 151.18M | 194.41M | 139.74M | 61.67M | 64.44M | 60.35M | 62.1M | 60.16M |
| Property, Plant & Equipment | 120.56M | 53.58M | 52.31M | 77.92M | 55.82M | 60.49M | 40.48M | 33.64M | 22.27M | 14.83M | 13.83M | 13.23M | 12.89M | 11.72M |
| Fixed Asset Turnover | 4.92x | 5.30x | 7.01x | 7.83x | 11.49x | 7.70x | 8.97x | 13.87x | 14.94x | 15.42x | 16.03x | 16.20x | 13.78x | 13.82x |
| Goodwill | 134.09M | 28.49M | 28.49M | 28.49M | 28.49M | 29.59M | 29.59M | 74.03M | 65.79M | 29.59M | 29.59M | 29.59M | 29.59M | 29.59M |
| Intangible Assets | 82.22M | 31.85M | 33.65M | 35.46M | 37.42M | 59.9M | 63.85M | 79.8M | 51.05M | 16.64M | 16.75M | 16.97M | 17.19M | 17.41M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 507K | 0 | 451K | -1.04M | -472K | 601K | -6.31M | 548K | 0 |
| Other Non-Current Assets | 10.85M | 5.9M | 29.87M | 4.17M | 7.68M | 609K | 1.18M | 253K | 252K | 125K | 170K | 125K | 80K | 1.43M |
| Total Assets | 500.43M | 259.95M | 317.98M | 353.98M | 297.05M | 276.46M | 207.92M | 248.77M | 176.92M | 83.32M | 82.53M | 89.68M | 96.14M | 87.15M |
| Asset Turnover | 1.08x | 1.09x | 1.15x | 1.72x | 2.16x | 1.69x | 1.75x | 1.87x | 1.88x | 2.74x | 2.68x | 2.39x | 1.85x | 1.86x |
| Asset Growth % | 86.31% | -18.25% | -10.17% | 19.16% | 7.45% | 32.96% | -16.42% | 40.61% | 112.34% | 0.95% | -7.97% | -6.73% | 10.31% | - |
| Total Current Liabilities | 97.66M | 65.21M | 77.94M | 102.54M | 93.17M | 74.29M | 55.43M | 68.55M | 50.91M | 36.88M | 44.38M | 63.77M | 41.95M | 27.8M |
| Accounts Payable | 24.21M | 8.26M | 10.43M | 20.39M | 23.38M | 23.86M | 10.51M | 17.97M | 17.27M | 11.01M | 13.11M | 14.81M | 13.02M | 9.43M |
| Days Payables Outstanding | 22.07 | 13.25 | 12.71 | 16.87 | 18.02 | 25.55 | 13.33 | 18.57 | 26 | 24.33 | 29.81 | 33.11 | 33.95 | 26.2 |
| Short-Term Debt | 0 | 0 | 4.37M | 4.38M | 2.87M | 2.87M | 8.93M | 8.72M | 5.07M | 3.69M | 7.88M | 18.27M | 8.62M | 0 |
| Deferred Revenue (Current) | 4.22M | 1.97M | 2.03M | 1.48M | 1.45M | 1.85M | 559K | 38.76M | 24.85M | 20.24M | 21.27M | 21.54M | 15.64M | 0 |
| Other Current Liabilities | 73.27M | 35.64M | 42.16M | 42.93M | 43.54M | 27.44M | 24.41M | 22.66M | 18.77M | 15.97M | 15.36M | 23.11M | 13.64M | 14.27M |
| Current Ratio | 1.56x | 1.86x | 1.99x | 1.91x | 1.57x | 1.48x | 1.02x | 0.79x | 0.73x | 0.59x | 0.41x | 0.46x | 0.81x | 0.97x |
| Quick Ratio | 0.72x | 1.39x | 1.52x | 1.34x | 0.94x | 0.76x | 0.56x | 0.35x | 0.33x | 0.27x | 0.11x | 0.28x | 0.53x | 0.56x |
| Cash Conversion Cycle | 49.85 | 41.18 | 44.25 | 40.78 | 39.94 | 41.46 | 30.32 | 23.61 | 10.87 | 7.06 | 5.25 | -2.79 | 5.57 | 16.92 |
| Total Non-Current Liabilities | 21.49M | 11.15M | 56.17M | 59.35M | 60.23M | 94.38M | 103.63M | 107.91M | 73.5M | 34.67M | 46.53M | 68.16M | 57.98M | 83.06M |
| Long-Term Debt | 0 | 0 | 44.89M | 49.3M | 53.68M | 90.28M | 99.67M | 105.02M | 70.09M | 30.79M | 44.34M | 60.49M | 57.36M | 75.3M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 1.38M | 0 | 0 | 0 | 0 | 6.49M | 0 | 3.11M | 1.43M | 953K | 0 | 7.16M | 0 | 7M |
| Other Non-Current Liabilities | 20.11M | 11.15M | 11.28M | 10.05M | 6.56M | 4.11M | 3.96M | 2.9M | 3.41M | 2.93M | 2.19M | 519K | 620K | 769K |
| Total Liabilities | 119.14M | 76.36M | 134.1M | 161.89M | 153.4M | 168.67M | 159.05M | 176.46M | 124.4M | 71.56M | 90.91M | 131.93M | 99.93M | 110.87M |
| Total Debt | 0 | 0 | 49.26M | 53.68M | 56.55M | 93.14M | 108.6M | 113.74M | 75.16M | 34.48M | 52.23M | 78.76M | 65.98M | 75.3M |
| Net Debt | -43.87M | -28.93M | 41.87M | 33.86M | 22.35M | 53.89M | 92.28M | 107.92M | 67.25M | 30.44M | 52.15M | 77.59M | 53.44M | 66.73M |
| Debt / Equity | 0.00x | - | 0.27x | 0.28x | 0.39x | 0.86x | 2.22x | 1.57x | 1.43x | 2.93x | - | - | - | - |
| Debt / EBITDA | 0.00x | - | 2.62x | 0.41x | 0.45x | 1.07x | - | 1.58x | 1.23x | 0.94x | 2.05x | 3.26x | 3.13x | 5.38x |
| Net Debt / EBITDA | -1.93x | -1.39x | 2.23x | 0.26x | 0.18x | 0.62x | - | 1.50x | 1.10x | 0.83x | 2.05x | 3.21x | 2.54x | 4.77x |
| Interest Coverage | 135.49x | 12.58x | 4.08x | 46.58x | 78.99x | 22.97x | -5.27x | 9.92x | 16.26x | 15.08x | 15.47x | 4.63x | 2.46x | 1.30x |
| Total Equity | 381.49M | 183.59M | 183.88M | 192.09M | 143.65M | 107.79M | 48.87M | 72.32M | 52.52M | 11.76M | -8.38M | -42.25M | -3.79M | -23.72M |
| Equity Growth % | 123.73% | -0.16% | -4.27% | 33.72% | 33.27% | 120.56% | -32.42% | 37.69% | 346.58% | 240.36% | 80.17% | -1015.74% | 84.03% | - |
| Book Value per Share | 18.88 | 11.10 | 10.79 | 10.81 | 7.71 | 5.69 | 2.61 | 3.85 | 2.81 | 0.63 | -0.46 | -2.46 | -0.22 | -2.13 |
| Total Shareholders' Equity | 381.29M | 183.39M | 183.68M | 191.97M | 143.65M | 107.79M | 48.87M | 72.32M | 52.52M | 11.76M | -8.38M | -42.25M | -3.79M | -23.72M |
| Common Stock | 244K | 164K | 167K | 173K | 181K | 189K | 189K | 188K | 187K | 186K | 186K | 10K | 10K | 10K |
| Retained Earnings | 129M | 130.66M | 123.62M | 115.82M | 46.88M | -11.33M | -67.5M | -43.45M | -61.72M | -101.37M | -120.94M | -51.2M | -12.74M | -32.67M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -18.5M | -15.01M | -16.3M | -13.07M | -10.25M | -8M |
| Minority Interest | 200K | 200K | 200K | 120K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Quick answers to the most common questions about buying MCFT stock.
As of 2025, MasterCraft Boat Holdings, Inc. (MCFT) had total assets of $259.9M including $121.2M in current assets.
MasterCraft Boat Holdings, Inc. (MCFT) carries total debt of $0.0M, offset by $79.4M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
MasterCraft Boat Holdings, Inc. (MCFT) has total shareholders' equity (book value) of $183.4M ($11.10 book value per share). Book value represents the net worth of the company belonging to common stock holders.
MasterCraft Boat Holdings, Inc. (MCFT) reported a current ratio of 1.86x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.
Key Metrics
Top Statement Risk
Cyclical inventory and demand
Metrics are mathematically derived from official filings.
Deleveraging Through Strategic Asset Pruning
According to recent SEC filings, MasterCraft has successfully transitioned to a debt-free position as of 2026Q1, marking a significant improvement from the $51.4 million in total debt reported in 2024Q2, which suggests a defensive posture aimed at navigating the current cyclical downturn in the marine industry.
The elimination of all long-term debt indicates a deliberate effort to insulate the balance sheet from interest rate volatility and floorplan financing pressures. This shift appears to prioritize financial flexibility over aggressive growth, providing a necessary buffer as the company manages through a period of significant revenue contraction.
Elimination of Debt Enhances Flexibility
As reported in financial statements, MasterCraft has completely retired its debt obligations by 2026Q1, a notable shift from the $51.4 million debt load observed in 2024Q2, which effectively removes interest expense headwinds and enhances the company's ability to weather prolonged periods of reduced consumer discretionary spending.
The transition to a debt-free capital structure is a critical development that reduces the risk of covenant breaches during periods of earnings volatility. Investors should monitor whether this liquidity is preserved for future strategic acquisitions or if it remains a permanent feature of a more conservative capital allocation strategy.
Cash Accumulation Bolsters Defensive Buffer
Based on the company's reported figures, cash reserves have increased to $75.4 million in 2026Q3 from a low of $7.4 million in 2024Q4, providing a substantial liquidity cushion that appears designed to support dealer inventory management and potential promotional activities during the current industry-wide demand correction.
The strengthening of the cash position relative to historical lows suggests management is prioritizing liquidity to navigate the seasonal and cyclical nature of the tow-boat market. This improved cash buffer may indicate a reduced reliance on external financing, though it also reflects the company's need to maintain flexibility in a high-interest-rate environment.
Inventory Dynamics Mask Underlying Risks
Data from recent quarterly reports indicates that while the balance sheet appears robust due to the absence of debt, the $28.5 million in goodwill and $53.5 million in net PPE warrant further investigation, as these assets may be subject to impairment if the current demand slump persists.
The reliance on high-value assets like PPE in a cyclical manufacturing business creates a risk of asset impairment if capacity utilization remains depressed. Furthermore, the absence of deferred revenue in 2026Q3 suggests a potential lack of forward visibility, which may imply that future sales are entirely dependent on immediate market demand rather than a backlog.