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.
| 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 | 141.85M | 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 | 84.62M | 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 | 75.4M | 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 | 9.22M | 50.52M | 78.85M | 91.56M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 11.23M | 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 | 9.31 | 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 | 34.77M | 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 | 51.33 | 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 | 11.22M | 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 | 136.01M | 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 | 53.52M | 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 | 5.52x | 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 | 28.49M | 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 | 30.5M | 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 | 5.93M | 5.9M | 29.87M | 4.17M | 7.68M | 609K | 1.18M | 253K | 252K | 125K | 170K | 125K | 80K | 1.43M |
| Total Assets | 277.85M | 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 | 1.13x | 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 % | -24.45% | -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 | 77.55M | 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 | 21.89M | 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 | 19.46 | 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) | 6.19M | 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 | 55.66M | 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 | 1.83x | 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 | 1.38x | 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 | 41.18 | 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 | 11.05M | 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 | 0 | 0 | 0 | 0 | 0 | 6.49M | 0 | 3.11M | 1.43M | 953K | 0 | 7.16M | 0 | 7M |
| Other Non-Current Liabilities | 11.05M | 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 | 88.6M | 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 | -75.4M | -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 | -3.64x | -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 | 92.10x | 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 | 189.45M | 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 % | 15.77% | -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 | 11.45 | 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 | 189.25M | 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 | 163K | 164K | 167K | 173K | 181K | 189K | 189K | 188K | 187K | 186K | 186K | 10K | 10K | 10K |
| Retained Earnings | 136.08M | 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 |
Cyclical inventory and demand
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.
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.
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.
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.
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.