Merit Medical Systems, Inc. (MMSI) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | 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 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 1.1B | 1.04B | 985.53M | 923.07M | 958.63M | 923.77M | 1.08B | 1.16B | 1.11B | 1.11B | 585.32M | 594.91M | 557.22M | 529.08M | 499.86M | 492.63M | 478.09M | 482.21M | 463.44M | 449.78M |
| Cash & Short-Term Investments | 488.08M | 448.5M | 392.46M | 343.87M | 395.53M | 376.71M | 523.13M | 638.71M | 583.99M | 589.14M | 60.73M | 74.15M | 57.95M | 58.41M | 51.48M | 63M | 53.88M | 67.75M | 68.9M | 69.67M |
| Cash Only | 488.08M | 448.5M | 392.46M | 343.87M | 395.53M | 376.71M | 523.13M | 638.71M | 583.99M | 587.04M | 60.73M | 74.15M | 57.95M | 58.41M | 51.48M | 63M | 53.88M | 67.75M | 68.9M | 69.67M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 227M | 223.61M | 231.51M | 224.24M | 216.75M | 209.17M | 213.34M | 197.36M | 192.1M | 189.26M | 190.83M | 187.99M | 185.81M | 178.45M | 170.82M | 169.89M | 169.41M | 172.84M | 164M | 165.36M |
| Days Sales Outstanding | 53.1 | 53.11 | 54.56 | 52.53 | 54.09 | 54.72 | 55.59 | 52.43 | 53.64 | 54.08 | 55.28 | 53.14 | 55.09 | 54.76 | 54.58 | 52.34 | 55.92 | 55.64 | 56.74 | 53.19 |
| Inventory | 352.39M | 333.7M | 326.55M | 323.31M | 317.94M | 306.06M | 310.53M | 298.22M | 302.73M | 303.87M | 303.92M | 305.94M | 289.58M | 265.99M | 246.66M | 233.15M | 231.45M | 221.92M | 208.08M | 194.52M |
| Days Inventory Outstanding | 156.66 | 152.83 | 151.17 | 147.56 | 153.61 | 155.69 | 153.6 | 154.57 | 160.66 | 148.64 | 162.13 | 161.99 | 157.04 | 148.44 | 139.16 | 132.2 | 132.04 | 132.14 | 126.39 | 115.02 |
| Other Current Assets | 34.31M | 29.39M | 31.37M | 28.11M | 25.01M | 28.54M | 27.11M | 24.13M | 22.37M | 22.19M | 25.9M | 22.91M | 19.96M | 22.32M | 27.39M | 23.05M | 19.81M | 16.15M | 18.78M | 16.54M |
| Total Non-Current Assets | 1.62B | 1.65B | 1.65B | 1.66B | 1.51B | 1.49B | 1.3B | 1.21B | 1.22B | 1.22B | 1.22B | 1.24B | 1.13B | 1.13B | 1.13B | 1.14B | 1.15B | 1.17B | 1.18B | 1.19B |
| Property, Plant & Equipment | 520.33M | 516M | 506.5M | 499.26M | 478.05M | 451.67M | 458.52M | 455.84M | 456.3M | 446.57M | 446.96M | 446.8M | 450.33M | 448.24M | 440.86M | 435.8M | 436.57M | 437.57M | 441.53M | 444.57M |
| Fixed Asset Turnover | 0.74x | 0.77x | 0.76x | 0.78x | 0.76x | 0.78x | 0.74x | 0.74x | 0.72x | 0.72x | 0.71x | 0.71x | 0.66x | 0.66x | 0.66x | 0.68x | 0.63x | 0.63x | 0.60x | 0.62x |
| Goodwill | 503.43M | 506.84M | 507.43M | 504.56M | 464.36M | 463.51M | 399.45M | 381.43M | 381.54M | 382.24M | 381.05M | 381.77M | 360.29M | 359.82M | 358.06M | 359.69M | 361.46M | 361.74M | 362M | 362.81M |
| Intangible Assets | 512M | 537.65M | 538.4M | 562.16M | 478.98M | 498.26M | 372.16M | 303.42M | 317.48M | 325.88M | 340.19M | 355.11M | 263.88M | 275.87M | 284.11M | 294.23M | 305.74M | 319.27M | 330.94M | 342.79M |
| Long-Term Investments | 0 | 45.66M | 0 | 47.8M | 39.93M | 22.83M | 0 | 31.8M | 28.41M | 19.06M | 698K | 3.61M | 2.91M | 15.58M | 4.13M | 2.83M | 1.45M | 14.71M | 0 | 0 |
| Other Non-Current Assets | 74.67M | 32.57M | 76.85M | 32.95M | 31.93M | 42.5M | 62.38M | 29.79M | 30.27M | 35.73M | 47.85M | 48.88M | 42.81M | 28.78M | 40.25M | 40.47M | 40.25M | 26.71M | 40.67M | 37.83M |
| Total Assets | 2.72B | 2.69B | 2.63B | 2.59B | 2.47B | 2.42B | 2.38B | 2.37B | 2.33B | 2.33B | 1.81B | 1.84B | 1.68B | 1.66B | 1.63B | 1.63B | 1.63B | 1.65B | 1.64B | 1.64B |
| Asset Turnover | 0.14x | 0.15x | 0.15x | 0.15x | 0.15x | 0.15x | 0.14x | 0.14x | 0.14x | 0.16x | 0.17x | 0.18x | 0.18x | 0.18x | 0.18x | 0.18x | 0.17x | 0.17x | 0.16x | 0.17x |
| Asset Growth % | 10.18% | 11.05% | 10.64% | 9.03% | 6.09% | 4.01% | 31.49% | 29.07% | 38.14% | 39.74% | 10.77% | 12.63% | 3.34% | 0.95% | -0.63% | -0.66% | -1.33% | -0.97% | -1.64% | -4.28% |
| Total Current Liabilities | 216.87M | 239.76M | 230.47M | 225.57M | 196.82M | 216.4M | 201.08M | 186.22M | 183.34M | 203.56M | 187.13M | 190M | 215.95M | 220.65M | 213.03M | 195.59M | 203.83M | 236.28M | 213.47M | 210.6M |
| Accounts Payable | 0 | 60.55M | 64.75M | 69.07M | 63.76M | 68.5M | 60.81M | 55.57M | 48.38M | 65.94M | 48.86M | 61.76M | 65.59M | 68.5M | 63.21M | 59.44M | 58.1M | 55.62M | 51.08M | 53.81M |
| Days Payables Outstanding | - | 29 | 31.13 | 30.56 | 32.56 | 32.65 | 29.36 | 26.74 | 30.28 | 28.08 | 29.41 | 34.64 | 37.9 | 38.14 | 35.57 | 33.44 | 33.12 | 32.79 | 32.93 | 31.11 |
| Short-Term Debt | 11.23M | 10.88M | 0 | 0 | 0 | 0 | 0 | 11.74M | 12.47M | 0 | 15.44M | 15.28M | 22.15M | 22.25M | 21.56M | 20.76M | 19.68M | 19.11M | 18.62M | 19.22M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 205.65M | 75.31M | 0 | 0 | 0 | 134.08M | 0 | 117.57M | 113.22M | 53.23M | 119.29M | 110.66M | -10.9M | 42.47M | -10.31M | -10.44M | -10.3M | 77.44M | -11.12M | -11.72M |
| Current Ratio | 5.08x | 4.34x | 4.28x | 4.09x | 4.87x | 4.27x | 5.36x | 6.24x | 6.03x | 5.45x | 3.13x | 3.13x | 2.58x | 2.40x | 2.35x | 2.52x | 2.35x | 2.04x | 2.17x | 2.14x |
| Quick Ratio | 3.46x | 2.95x | 2.86x | 2.66x | 3.26x | 2.85x | 3.82x | 4.64x | 4.38x | 3.95x | 1.50x | 1.52x | 1.24x | 1.19x | 1.19x | 1.33x | 1.21x | 1.10x | 1.20x | 1.21x |
| Cash Conversion Cycle | - | 176.93 | 174.6 | 169.52 | 175.14 | 177.76 | 179.82 | 180.26 | 184.02 | 174.65 | 188 | 180.49 | 174.22 | 165.06 | 158.17 | 151.09 | 154.84 | 154.99 | 150.2 | 137.1 |
| Total Non-Current Liabilities | 875.68M | 861.85M | 871.12M | 872.42M | 842.73M | 822.84M | 853.6M | 903.18M | 902.82M | 919.68M | 391.49M | 443.87M | 296.5M | 298.92M | 330.86M | 362.62M | 369.39M | 372.21M | 416.31M | 439.36M |
| Long-Term Debt | 835.02M | 810.7M | 732.92M | 731.79M | 730.67M | 729.55M | 750.5M | 801.32M | 800.14M | 823.01M | 282.37M | 335.23M | 186.42M | 186.76M | 205.41M | 235.7M | 243.11M | 234.4M | 271.18M | 284.9M |
| Capital Lease Obligations | 0 | 76.66M | 77.62M | 78.5M | 77.55M | 54.78M | 57.18M | 58.04M | 60.14M | 56.26M | 57.45M | 56.6M | 57.89M | 59.74M | 59.99M | 59.65M | 60.37M | 61.53M | 63.51M | 65.84M |
| Deferred Tax Liabilities | 19.66M | 19.66M | 26.71M | 26.93M | 247K | 240K | 5.57M | 5.51M | 5.52M | 5.55M | 18.46M | 18.48M | 18.48M | 18.46M | 31.17M | 31.2M | 31.49M | 31.5M | 33.24M | 33.27M |
| Other Non-Current Liabilities | 19.62M | -46.56M | 32.44M | 33.76M | 32.78M | 36.77M | 38.82M | 36.76M | 35.44M | 33.26M | 31.57M | 31.9M | 32.03M | 32.26M | 32.56M | 34.32M | 32.63M | 42.97M | 46.55M | 53.47M |
| Total Liabilities | 1.09B | 1.1B | 1.1B | 1.1B | 1.04B | 1.04B | 1.05B | 1.09B | 1.09B | 1.12B | 578.62M | 633.87M | 512.45M | 519.57M | 543.9M | 558.21M | 573.22M | 608.5M | 629.79M | 649.96M |
| Total Debt | 846.25M | 898.23M | 821.15M | 820.55M | 817.66M | 794.66M | 819.15M | 871.1M | 872.75M | 891.36M | 355.26M | 407.11M | 277.36M | 279.75M | 297.27M | 326.55M | 333.46M | 325.7M | 364.42M | 381.68M |
| Net Debt | 358.17M | 449.73M | 428.69M | 476.68M | 422.13M | 417.95M | 296.02M | 232.39M | 288.76M | 304.32M | 294.53M | 332.96M | 219.42M | 221.35M | 245.79M | 263.55M | 279.59M | 257.95M | 295.52M | 312.01M |
| Debt / Equity | 0.52x | 0.57x | 0.54x | 0.55x | 0.57x | 0.58x | 0.62x | 0.68x | 0.70x | 0.74x | 0.29x | 0.34x | 0.24x | 0.24x | 0.27x | 0.30x | 0.32x | 0.31x | 0.36x | 0.38x |
| Debt / EBITDA | 19.16x | 10.16x | 10.67x | 10.19x | 9.85x | 11.66x | 12.29x | 11.94x | 13.93x | 15.09x | 5.74x | 7.56x | 5.59x | 5.23x | 7.12x | 7.06x | 8.71x | 7.15x | 9.21x | 11.60x |
| Net Debt / EBITDA | 8.11x | 5.09x | 5.57x | 5.92x | 5.08x | 6.13x | 4.44x | 3.18x | 4.61x | 5.15x | 4.76x | 6.18x | 4.43x | 4.14x | 5.89x | 5.70x | 7.30x | 5.66x | 7.47x | 9.48x |
| Interest Coverage | 6.77x | 8.50x | 6.33x | 6.90x | 7.73x | 5.15x | 5.89x | 6.97x | 5.27x | 7.46x | 7.24x | 7.76x | 13.68x | 14.97x | 10.61x | 16.36x | 15.14x | 19.26x | 12.50x | 5.95x |
| Total Equity | 1.63B | 1.58B | 1.53B | 1.49B | 1.43B | 1.38B | 1.32B | 1.28B | 1.24B | 1.2B | 1.23B | 1.2B | 1.17B | 1.14B | 1.09B | 1.07B | 1.06B | 1.04B | 1.01B | 992.43M |
| Equity Growth % | 13.88% | 14.86% | 15.57% | 16.03% | 15.18% | 14.76% | 7.6% | 6.54% | 5.85% | 5.03% | 12.95% | 12.15% | 10.9% | 10.06% | 7.45% | 8.15% | 8.17% | 8.47% | 8.52% | 6.85% |
| Book Value per Share | 27.11 | 26.39 | 25.52 | 24.55 | 23.31 | 22.76 | 22.23 | 21.83 | 21.18 | 20.59 | 21.07 | 20.59 | 20.14 | 19.74 | 18.91 | 18.63 | 18.36 | 18.04 | 17.61 | 17.33 |
| Total Shareholders' Equity | 1.63B | 1.58B | 1.53B | 1.49B | 1.43B | 1.38B | 1.32B | 1.28B | 1.24B | 1.2B | 1.23B | 1.2B | 1.17B | 1.14B | 1.09B | 1.07B | 1.06B | 1.04B | 1.01B | 992.43M |
| Common Stock | 769.27M | 763.91M | 747.1M | 734.84M | 718.11M | 703.22M | 669.21M | 658.72M | 649.22M | 638.15M | 695.18M | 691.52M | 681.11M | 675.17M | 658.2M | 651.93M | 646.37M | 641.53M | 633.95M | 623.59M |
| Retained Earnings | 865.02M | 824.03M | 786.02M | 758.27M | 725.69M | 695.54M | 667.59M | 639.15M | 603.42M | 575.18M | 547.55M | 521.72M | 501.48M | 480.77M | 447.37M | 432.1M | 416.8M | 406.26M | 385.64M | 373.68M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -7.57M | -3.64M | -3.72M | -5.06M | -15.38M | -19.4M | -13.39M | -15.43M | -12.46M | -11.33M | -12.85M | -9.54M | -10.93M | -11.55M | -16.73M | -10.72M | -6.65M | -7.99M | -6.22M | -4.83M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |