The company maintains a disciplined capital structure with a debt-to-equity ratio that moderated to 0.62 by 2026Q2, although goodwill now represents over 50% of total assets, warranting close scrutiny of future integration success.
| Metric | TTM | Oct'25 | Oct'24 | Oct'23 | Oct'22 | Oct'21 | Oct'20 | Oct'19 | Oct'18 | Oct'17 | Oct'16 | Oct'15 | Oct'14 | Oct'13 | Oct'12 | Oct'11 | Oct'10 | Oct'09 | Oct'08 | Oct'07 | Oct'06 | Oct'05 | Oct'04 | Oct'03 | Oct'02 | Oct'01 | Oct'00 | Oct'99 | Oct'98 | Oct'97 | Oct'96 |
|---|
| Total Current Assets | 1.28B | 1.24B | 1.28B | 1.23B | 1.13B | 1.16B | 1.02B | 1.01B | 884.1M | 888.37M | 745.58M | 711.59M | 672.68M | 600.57M | 586.62M | 476.96M | 451.03M | 346.67M | 384.31M | 409.92M | 347.3M | 311.72M | 363.11M | 277.37M | 274.57M | 362.18M | 369.24M | 341.3M | 328.5M | 318.8M | 317.7M |
| Cash & Short-Term Investments | 102.02M | 108.44M | 115.95M | 115.68M | 163.46M | 299.97M | 208.29M | 151.16M | 95.68M | 90.38M | 67.24M | 50.27M | 42.31M | 42.38M | 41.52M | 37.41M | 50.17M | 18.82M | 11.76M | 31.14M | 48.87M | 11.48M | 60.58M | 6.97M | 5.9M | 7.94M | 815K | 16M | 6.8M | 1.5M | 9.2M |
| Cash Only | 102.02M | 108.44M | 115.95M | 115.68M | 163.46M | 299.97M | 208.29M | 151.16M | 95.68M | 90.38M | 67.24M | 50.27M | 42.31M | 42.38M | 41.52M | 37.41M | 42.33M | 18.78M | 11.76M | 31.14M | 48.86M | 11.27M | 60.25M | 6.95M | 5.87M | 7.88M | 785K | 16M | 6.8M | 1.5M | 9.2M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.84M | 43K | 5K | 9K | 9K | 215K | 328K | 27K | 25K | 62K | 30K | 0 | 0 | 0 | 0 |
| Accounts Receivable | 606.69M | 587.84M | 594.66M | 590.89M | 537.31M | 489.39M | 471.87M | 530.76M | 491.42M | 505.09M | 428.56M | 389.55M | 365.84M | 308.71M | 324.56M | 254.31M | 243.79M | 191.2M | 224.81M | 229.99M | 190.46M | 179.23M | 173.85M | 151.74M | 135.66M | 167.82M | 191.37M | 170.52M | 165.3M | 163.7M | 159.6M |
| Days Sales Outstanding | 74.01 | 76.86 | 80.69 | 82.05 | 75.71 | 75.62 | 81.2 | 88.29 | 79.55 | 89.19 | 86.47 | 84.2 | 78.36 | 73.03 | 84.04 | 75.27 | 85.43 | 85.19 | 72.95 | 84.48 | 77.92 | 77.96 | 79.97 | 82.99 | 76.44 | 83.75 | 94.32 | 88.85 | 91.29 | 93.84 | 95.59 |
| Inventory | 467.76M | 444.81M | 476.94M | 454.77M | 383.4M | 327.19M | 277.03M | 283.4M | 264.48M | 264.27M | 220.36M | 225.67M | 210.87M | 198.4M | 169.59M | 141.91M | 117.72M | 97.64M | 118.03M | 119.65M | 83.69M | 81.87M | 85.33M | 78.56M | 87.1M | 139.19M | 134.92M | 119.5M | 124.4M | 122.1M | 118.4M |
| Days Inventory Outstanding | 127.62 | 129.69 | 144.61 | 137.96 | 120.25 | 115.04 | 102.07 | 103.22 | 94.76 | 103.94 | 98.63 | 106.33 | 101.42 | 107 | 105.58 | 106.86 | 102.32 | 101.75 | 87.14 | 99.3 | 80.43 | 80.48 | 87.9 | 95.08 | 102.37 | 150.69 | 162.92 | 151.03 | 162.92 | 177.49 | 186.6 |
| Other Current Assets | 100.89M | 101.75M | 87.48M | 67.97M | 48.8M | 0 | 19.61M | 45.87M | 0 | 0 | 0 | 24.86M | 29.93M | 29.35M | 29.93M | 35.69M | 33.58M | 29.76M | 22.45M | 21.07M | 19.29M | 36.86M | 37.09M | 33.72M | 40.26M | 37.56M | 42.13M | 35.3M | 32M | 31.5M | 30.5M |
| Total Non-Current Assets | 4.69B | 4.67B | 4.73B | 4.02B | 2.69B | 2.63B | 2.65B | 2.51B | 2.54B | 2.53B | 1.68B | 1.65B | 1.61B | 1.44B | 1.24B | 827.49M | 535.32M | 525.88M | 782.36M | 861.22M | 510.82M | 475.53M | 476.28M | 489.44M | 489.9M | 500.28M | 240.8M | 250.5M | 210.4M | 184.2M | 192.8M |
| Property, Plant & Equipment | 587.22M | 594.39M | 638.23M | 499.02M | 455.72M | 466.42M | 480.74M | 398.89M | 386.67M | 346.41M | 273.13M | 249.94M | 224.44M | 200.98M | 174.93M | 130.88M | 116.39M | 118.29M | 133.84M | 132.92M | 105.42M | 108.31M | 111.61M | 115.25M | 118.77M | 133.33M | 126.91M | 128.6M | 101.2M | 101.7M | 107M |
| Fixed Asset Turnover | 4.88x | 4.70x | 4.21x | 5.27x | 5.68x | 5.06x | 4.41x | 5.50x | 5.83x | 5.97x | 6.62x | 6.76x | 7.59x | 7.68x | 8.06x | 9.42x | 8.95x | 6.92x | 8.40x | 7.48x | 8.46x | 7.75x | 7.11x | 5.79x | 5.45x | 5.49x | 5.84x | 5.45x | 6.53x | 6.26x | 5.70x |
| Goodwill | 3.33B | 3.3B | 3.28B | 2.78B | 1.8B | 1.71B | 1.71B | 1.61B | 1.61B | 1.59B | 1.11B | 1.08B | 1.05B | 939.21M | 812.82M | 547.83M | 347.33M | 341.76M | 571.93M | 571.98M | 331.92M | 331.36M | 331.66M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 650.98M | 681.59M | 740.85M | 672.74M | 329.4M | 357.37M | 407.59M | 445.57M | 499.74M | 547.18M | 260.3M | 277.43M | 291.31M | 269.07M | 227.89M | 120.7M | 42.93M | 42.14M | 53.87M | 66.77M | 8.81M | 10.44M | 14.68M | 343.94M | 344.18M | 343.11M | 93.76M | 101.4M | 84.3M | 60.4M | 65.3M |
| Long-Term Investments | 96.21M | 24.35M | 73K | 2.33M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38K | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 69.63M | 58.57M | 54.77M | 48.14M | 87.14M | 77.81M | 42.53M | 34.78M | 32.7M | 32.35M | 23.76M | 33.41M | 32.6M | 32.46M | 27.25M | 28.09M | 28.68M | 5.57M | 22.71M | 29.4M | 19.49M | 24.15M | 18.33M | 19.01M | 18.8M | 20.07M | 20.13M | 20.5M | 24.9M | 22.1M | 20.5M |
| Total Assets | 5.96B | 5.92B | 6B | 5.25B | 3.82B | 3.79B | 3.67B | 3.52B | 3.42B | 3.41B | 2.42B | 2.36B | 2.28B | 2.04B | 1.83B | 1.3B | 986.35M | 890.67M | 1.17B | 1.21B | 822.89M | 788.53M | 839.39M | 766.81M | 764.47M | 862.45M | 610.04M | 591.8M | 538.9M | 503M | 510.5M |
| Asset Turnover | 0.49x | 0.47x | 0.45x | 0.50x | 0.68x | 0.62x | 0.58x | 0.62x | 0.66x | 0.61x | 0.75x | 0.72x | 0.75x | 0.76x | 0.77x | 0.95x | 1.06x | 0.92x | 0.96x | 0.82x | 1.08x | 1.06x | 0.95x | 0.87x | 0.85x | 0.85x | 1.21x | 1.18x | 1.23x | 1.27x | 1.19x |
| Asset Growth % | 14% | -1.39% | 14.27% | 37.47% | 0.78% | 3.17% | 4.5% | 2.79% | 0.19% | 40.96% | 2.62% | 3.52% | 11.65% | 11.63% | 40.25% | 32.25% | 10.74% | -23.66% | -3.73% | 47.27% | 4.36% | -6.06% | 9.47% | 0.31% | -11.36% | 41.38% | 3.08% | 9.82% | 7.14% | -1.47% | 17.44% |
| Total Current Liabilities | 491.88M | 758.26M | 528.48M | 582.09M | 834.2M | 445.39M | 363.09M | 477.63M | 350.28M | 647.75M | 331.54M | 290.78M | 370.87M | 235.47M | 343.68M | 182.16M | 191.91M | 156.42M | 374M | 509.91M | 241.32M | 250.07M | 195.75M | 211.66M | 252.65M | 355.65M | 253.01M | 251.9M | 207.1M | 179.7M | 207.2M |
| Accounts Payable | 141.91M | 121.01M | 97.84M | 106.32M | 99.28M | 91.69M | 70.95M | 85.14M | 83.59M | 86.02M | 75.13M | 68.23M | 68.5M | 62.12M | 62.87M | 46.38M | 40.26M | 33.37M | 42.92M | 51.94M | 38.68M | 51.5M | 58.74M | 47.98M | 48.81M | 55.36M | 74.15M | 35.85M | 33.8M | 37.7M | 35M |
| Days Payables Outstanding | 35.71 | 35.28 | 29.67 | 32.25 | 31.14 | 32.24 | 26.14 | 31.01 | 29.95 | 33.83 | 33.63 | 32.15 | 32.94 | 33.5 | 39.14 | 34.92 | 34.99 | 34.77 | 31.68 | 43.1 | 37.17 | 50.63 | 60.51 | 58.07 | 57.37 | 59.93 | 89.54 | 45.31 | 44.27 | 54.8 | 55.16 |
| Short-Term Debt | 75.28M | 338.29M | 126.25M | 137.43M | 413.18M | 57.21M | 60.95M | 174.1M | 33.29M | 331.4M | 44.68M | 28.83M | 122.04M | 19.96M | 110.62M | 9.83M | 20.18M | 9.62M | 220.94M | 329.4M | 74.84M | 76.55M | 31.97M | 71.22M | 120.81M | 212.97M | 99.23M | 149M | 98.5M | 80.7M | 102.8M |
| Deferred Revenue (Current) | 198.97M | 44.01M | 46.4M | 93.39M | 92.58M | 77.87M | 42.32M | 41.13M | 39M | 34.65M | 26.18M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 83.57M | 73.65M | 71.4M | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 196.12M | 135.21M | 138.51M | 131.01M | 121.19M | 109.3M | 118.49M | 101.75M | 97.63M | 95.36M | 91.5M | 107.04M | 103.12M | 93.59M | 95.91M | 65.57M | 65.12M | 59.98M | 61.12M | 63.65M | 56.79M | 56.33M | 55.67M | 8.89M | 9.37M | 15.92M | 79.63M | 67.05M | 74.8M | 61.3M | 69.4M |
| Current Ratio | 2.60x | 1.64x | 2.41x | 2.11x | 1.36x | 2.62x | 2.81x | 2.12x | 2.52x | 1.37x | 2.25x | 2.45x | 1.81x | 2.55x | 1.71x | 2.62x | 2.35x | 2.22x | 1.03x | 0.80x | 1.44x | 1.25x | 1.85x | 1.31x | 1.09x | 1.02x | 1.46x | 1.35x | 1.59x | 1.77x | 1.53x |
| Quick Ratio | 1.65x | 1.05x | 1.51x | 1.33x | 0.90x | 1.88x | 2.05x | 1.52x | 1.77x | 0.96x | 1.58x | 1.67x | 1.25x | 1.71x | 1.21x | 1.84x | 1.74x | 1.59x | 0.71x | 0.57x | 1.09x | 0.92x | 1.42x | 0.94x | 0.74x | 0.63x | 0.93x | 0.88x | 0.99x | 1.09x | 0.96x |
| Cash Conversion Cycle | 165.92 | 171.27 | 195.64 | 187.75 | 164.83 | 158.42 | 157.13 | 160.5 | 144.37 | 159.3 | 151.47 | 158.38 | 146.84 | 146.53 | 150.48 | 147.21 | 152.76 | 152.17 | 128.41 | 140.68 | 121.17 | 107.81 | 107.36 | 120.01 | 121.45 | 174.51 | 167.7 | 194.57 | 209.95 | 216.53 | 227.03 |
| Total Non-Current Liabilities | 2.27B | 2.12B | 2.54B | 2.07B | 691.8M | 1.19B | 1.55B | 1.46B | 1.62B | 1.61B | 1.24B | 1.41B | 1B | 918.96M | 816.06M | 550.97M | 289.37M | 364.28M | 218.56M | 170.81M | 151.04M | 207.54M | 240.31M | 255.03M | 242.94M | 243.07M | 109.81M | 118.5M | 117M | 102.8M | 58M |
| Long-Term Debt | 1.84B | 1.75B | 2.18B | 1.71B | 436.09M | 879.39M | 1.18B | 1.08B | 1.29B | 1.26B | 942.77M | 1.09B | 682.87M | 638.16M | 528.04M | 313.46M | 96M | 152.26M | 68.55M | 22.84M | 47.13M | 101.42M | 148.03M | 172.62M | 171.31M | 188.08M | 60.8M | 66M | 70.5M | 66.5M | 20.6M |
| Capital Lease Obligations | 275.78M | 72.81M | 92.9M | 104.08M | 101.95M | 112.63M | 119.79M | 9.51M | 8.85M | 9.69M | 9.71M | 9.7M | 11.02M | 10.11M | 10.95M | 5.2M | 3.32M | 2.98M | 6.1M | 7.04M | 5.07M | 4.93M | 4.45M | 4.11M | 3.58M | 3.69M | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 779.63M | 192.19M | 205.69M | 210.64M | 110.78M | 88.47M | 67M | 83.56M | 100.7M | 134.09M | 61.84M | 89.77M | 87.09M | 79.98M | 26.16M | 17.41M | 9.74M | 0 | 2.25M | 0 | 0 | 0 | 666K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 177.86M | 105.15M | 59.69M | 43.1M | 42.98M | 105.95M | 188.53M | 289.3M | 225.08M | 211.12M | 223.12M | 217.54M | 223.49M | 190.71M | 250.92M | 214.89M | 180.31M | 190.91M | 141.66M | 140.93M | 98.84M | 99.91M | 87.16M | 78.31M | 68.04M | 51.3M | 49.01M | 52.5M | 46.5M | 36.3M | 37.4M |
| Total Liabilities | 2.76B | 2.87B | 3.07B | 2.65B | 1.53B | 1.63B | 1.92B | 1.94B | 1.97B | 2.26B | 1.57B | 1.7B | 1.38B | 1.15B | 1.16B | 733.13M | 481.28M | 520.7M | 592.56M | 680.72M | 392.36M | 457.61M | 436.05M | 466.7M | 495.58M | 598.73M | 362.82M | 370.4M | 324.1M | 282.5M | 265.2M |
| Total Debt | 1.97B | 2.16B | 2.4B | 1.96B | 951.22M | 1.05B | 1.36B | 1.26B | 1.33B | 1.6B | 997.16M | 1.13B | 815.93M | 668.23M | 649.6M | 328.49M | 119.5M | 164.86M | 295.59M | 359.28M | 127.04M | 182.9M | 184.45M | 247.94M | 295.71M | 404.75M | 160.03M | 215M | 169M | 147.2M | 123.4M |
| Net Debt | 1.87B | 2.05B | 2.29B | 1.84B | 787.76M | 749.26M | 1.15B | 1.11B | 1.23B | 1.51B | 929.92M | 1.08B | 773.61M | 625.85M | 608.36M | 291.08M | 77.17M | 146.08M | 283.84M | 328.15M | 78.18M | 171.58M | 173.27M | 241M | 289.84M | 396.87M | 159.25M | 199M | 162.2M | 145.7M | 114.2M |
| Debt / Equity | 0.62x | 0.71x | 0.82x | 0.75x | 0.41x | 0.49x | 0.77x | 0.80x | 0.92x | 1.38x | 1.17x | 1.71x | 0.90x | 0.75x | 0.97x | 0.57x | 0.24x | 0.45x | 0.51x | 0.68x | 0.30x | 0.55x | 0.46x | 0.83x | 1.10x | 1.53x | 0.65x | 0.97x | 0.79x | 0.67x | 0.50x |
| Debt / EBITDA | 2.33x | 2.47x | 2.96x | 2.49x | 1.19x | 1.46x | 2.93x | 2.12x | 2.17x | 2.87x | 2.17x | 2.95x | 1.91x | 1.77x | 1.73x | 0.95x | 0.45x | - | 1.33x | 2.00x | 0.74x | 1.19x | 1.29x | 2.54x | 3.58x | 3.99x | 1.22x | 1.97x | 1.76x | 1.48x | 1.15x |
| Net Debt / EBITDA | 2.21x | 2.34x | 2.82x | 2.34x | 0.98x | 1.04x | 2.48x | 1.87x | 2.02x | 2.70x | 2.03x | 2.82x | 1.81x | 1.65x | 1.62x | 0.85x | 0.29x | - | 1.28x | 1.82x | 0.46x | 1.11x | 1.21x | 2.47x | 3.51x | 3.91x | 1.22x | 1.82x | 1.69x | 1.47x | 1.06x |
| Interest Coverage | 6.69x | 7.16x | 7.58x | 11.34x | 29.97x | 23.52x | 10.37x | 10.14x | 10.05x | 12.48x | 18.28x | 17.62x | 24.45x | 21.96x | 30.25x | 71.03x | 43.64x | -16.41x | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 3.2B | 3.04B | 2.93B | 2.6B | 2.29B | 2.16B | 1.76B | 1.58B | 1.45B | 1.16B | 851.6M | 660.02M | 904.8M | 887.86M | 669.77M | 571.32M | 505.07M | 369.98M | 574.11M | 531.12M | 430.53M | 330.91M | 403.33M | 300.11M | 268.89M | 263.73M | 247.22M | 221.4M | 214.8M | 220.5M | 245.3M |
| Equity Growth % | 24.64% | 3.8% | 12.86% | 13.24% | 6.26% | 22.75% | 11.25% | 8.98% | 25.55% | 35.68% | 29.03% | -27.05% | 1.91% | 32.56% | 17.23% | 13.12% | 36.51% | -35.56% | 8.1% | 23.36% | 30.1% | -17.96% | 34.4% | 11.61% | 1.96% | 6.68% | 11.66% | 3.07% | -2.58% | -10.11% | 6.05% |
| Book Value per Share | 57.07 | 53.47 | 50.89 | 45.08 | 39.39 | 36.76 | 30.08 | 27.16 | 24.62 | 19.85 | 14.80 | 10.79 | 14.08 | 13.68 | 10.29 | 8.51 | 7.38 | 5.51 | 8.37 | 7.77 | 6.30 | 4.53 | 5.52 | 4.43 | 3.99 | 3.99 | 3.77 | 3.31 | 3.25 | 3.15 | 3.37 |
| Total Shareholders' Equity | 3.2B | 3.04B | 2.93B | 2.6B | 2.29B | 2.16B | 1.76B | 1.58B | 1.45B | 1.16B | 851.6M | 660.02M | 904.8M | 887.86M | 669.77M | 571.32M | 505.07M | 369.98M | 574.11M | 531.12M | 430.53M | 330.91M | 403.33M | 300.11M | 268.89M | 263.73M | 247.22M | 221.4M | 214.8M | 220.5M | 245.3M |
| Common Stock | 12.25M | 12.25M | 12.25M | 12.25M | 12.25M | 12.25M | 12.25M | 12.25M | 12.25M | 12.25M | 12.25M | 12.25M | 12.25M | 12.25M | 12.25M | 12.25M | 0 | 0 | 12.25M | 12.25M | 12.25M | 12.25M | 12.25M | 12.25M | 12.25M | 12.25M | 12.25M | 12.3M | 12.3M | 12.3M | 12.3M |
| Retained Earnings | 4.76B | 4.6B | 4.3B | 3.99B | 3.65B | 3.27B | 2.91B | 2.75B | 2.49B | 2.16B | 1.93B | 1.72B | 1.56B | 1.36B | 1.18B | 990.22M | 797.7M | 656.09M | 840.89M | 748.23M | 681.02M | 613.58M | 558.62M | 517.41M | 502.63M | 499.57M | 493.27M | 455.5M | 423.9M | 417.6M | 381.4M |
| Treasury Stock | -2.33B | -2.21B | -1.9B | -1.88B | -1.79B | -1.53B | -1.47B | -1.43B | -1.32B | -1.3B | -1.3B | -1.27B | -893.83M | -734.14M | -707.08M | -624.07M | -494.17M | -484.39M | -482.33M | -461.98M | -460.92M | -454.37M | -323.53M | -339.81M | -341.61M | -344.19M | -348.98M | -335.66M | 0 | 0 | 0 |
| Accumulated OCI | -25.59M | -100.46M | -184.84M | -196.44M | -207.78M | -175.84M | -226.12M | -231.88M | -179.31M | -134.44M | -168.25M | -144.69M | -103.2M | -57.38M | -104.23M | -80.01M | -66.31M | -55.47M | -40.8M | 8.2M | -12.52M | -28.69M | -18.45M | -21.32M | -27.57M | -18.79M | -12.47M | -7.8M | -10M | -2.8M | 14M |
| 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 | 0 |
Acquisition-driven goodwill concentration
As reported in financial statements, Nordson's total assets have grown from $5.2B in 2024Q1 to $6.0B by 2026Q2, reflecting a deliberate expansion strategy that balances asset accumulation with a disciplined approach to maintaining a stable equity base despite periodic fluctuations in debt levels.
The trajectory of the balance sheet suggests a company successfully scaling its footprint through strategic acquisitions while maintaining a consistent equity cushion. Investors should monitor whether the recent plateau in asset growth indicates a shift toward operational optimization rather than further aggressive inorganic expansion.
Based on Nordson's reported figures, the debt-to-equity ratio peaked at 0.82 in 2025Q1 before moderating to 0.62 by 2026Q2, indicating that management actively deleverages following acquisition-heavy periods to preserve financial flexibility and mitigate interest rate sensitivity within their capital structure.
The reduction in debt levels over the last five quarters suggests a prudent approach to capital management that prioritizes balance sheet health over excessive leverage. This trend implies that the company retains sufficient capacity to pursue future strategic opportunities without compromising its long-term solvency profile.
According to recent SEC filings, Nordson's goodwill has expanded from $2.8B in 2024Q1 to $3.3B in 2026Q2, representing over 50% of total assets and highlighting the company's reliance on successful integration of acquired entities to justify its current valuation and asset base.
The high proportion of intangible assets relative to total assets suggests that the company's book value is heavily dependent on the performance of past acquisitions. This concentration warrants further investigation into potential impairment risks should the synergies from these acquired businesses fail to materialize as expected.
As indicated by the quarterly data, Nordson maintained a current ratio of 2.60 in 2026Q2, demonstrating a consistent ability to cover short-term obligations despite the inherent volatility associated with the lumpy revenue recognition cycles typical of its specialized semiconductor and medical equipment segments.
The company's liquidity position appears adequate to navigate short-term working capital swings without requiring external financing. The stability of these ratios suggests that management effectively manages its current assets to ensure operational continuity even during periods of fluctuating demand.
Based on reported financial statements, Nordson has steadily increased its retained earnings from $4.1B in 2024Q1 to $4.8B in 2026Q2, signaling that internal capital generation remains the primary engine for strengthening the company's equity base and supporting long-term shareholder value creation.
The consistent accumulation of retained earnings reflects a business model capable of self-funding its growth and dividend obligations. This trend suggests a high quality of equity that is less reliant on external dilution, which is a positive indicator for long-term investors.
Quick answers to the most common questions about buying NDSN stock.
As of 2025, Nordson Corporation (NDSN) had total assets of $5.92B including $1.24B in current assets.
Nordson Corporation (NDSN) carries total debt of $2.16B, offset by $108.4M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Nordson Corporation (NDSN) has total shareholders' equity (book value) of $3.04B ($53.47 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Nordson Corporation (NDSN) reported a current ratio of 1.64x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.