The company has significantly improved its financial position by reducing the debt-to-equity ratio to a conservative 0.06 as of 2026Q1, down from 0.65 in 2024Q2.
| Total Current Assets | 3.26B | 3.61B | 2.64B | 1.9B | 1.72B | 1.77B |
| Cash & Short-Term Investments | 511.77M | 777.29M | 363.67M | 154.06M | 192.89M | 225.36M |
| Cash Only | 511.77M | 777.29M | 363.67M | 154.06M | 192.89M | 225.36M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.48B | 1.67B | 1.27B | 985.17M | 839.38M | 905.96M |
| Days Sales Outstanding | 87.42 | 95.09 | 83.62 | 84.54 | 82.42 | 88.72 |
| Inventory | 1.03B | 1B | 899.99M | 699.74M | 548.59M | 602.48M |
| Days Inventory Outstanding | 114.69 | 112.12 | 114.59 | 108.87 | 86.79 | 96.08 |
| Other Current Assets | 181.02M | 0 | 20M | 38.13M | 48.56M | 15.23M |
| Total Non-Current Assets | 1.76B | 1.74B | 1.75B | 1.59B | 1.58B | 1.59B |
| Property, Plant & Equipment | 379.78M | 374.71M | 357.72M | 229.59M | 204.66M | 182.38M |
| Fixed Asset Turnover | 17.93x | 17.08x | 15.46x | 18.53x | 18.16x | 20.44x |
| Goodwill | 834.78M | 834.78M | 834.78M | 834.2M | 840.15M | 840.83M |
| Intangible Assets | 449.31M | 451.14M | 462.68M | 477.82M | 492.71M | 510.17M |
| Long-Term Investments | 0 | 0 | 0 | 477.82M | 0 | 0 |
| Other Non-Current Assets | 72.24M | 77.54M | 51.63M | -429.65M | 35.39M | 44.04M |
| Total Assets | 5.02B | 5.35B | 4.39B | 3.49B | 3.29B | 3.36B |
| Asset Turnover | 1.33x | 1.20x | 1.26x | 1.22x | 1.13x | 1.11x |
| Asset Growth % | 77.19% | 21.74% | 26.01% | 5.83% | -1.83% | - |
| Total Current Liabilities | 1.37B | 1.77B | 1.53B | 1.13B | 968.7M | 993.5M |
| Accounts Payable | 583.48M | 679.53M | 612.03M | 459.65M | 328.12M | 442.56M |
| Days Payables Outstanding | 68.24 | 76.02 | 77.93 | 71.52 | 51.91 | 70.58 |
| Short-Term Debt | 39.34M | 39.34M | 39.34M | 24.16M | 86.97M | 49.4M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 468.78M |
| Other Current Liabilities | 749.63M | 132.48M | 693.92M | 502.38M | 44.47M | -83.73M |
| Current Ratio | 2.38x | 2.04x | 1.73x | 1.69x | 1.77x | 1.78x |
| Quick Ratio | 1.62x | 1.47x | 1.14x | 1.06x | 1.20x | 1.18x |
| Cash Conversion Cycle | 133.87 | 131.19 | 120.29 | 121.89 | 117.3 | 114.23 |
| Total Non-Current Liabilities | 882.71M | 899.61M | 928.74M | 883.04M | 497.9M | 601.49M |
| Long-Term Debt | 134.56M | 696.79M | 736.14M | 775.48M | 349.17M | 435.95M |
| Capital Lease Obligations | 562.33M | 140.98M | 145.38M | 63.04M | 61.78M | 63.91M |
| Deferred Tax Liabilities | 70.25M | 16.25M | 9.93M | 16.5M | 60.98M | 81.83M |
| Other Non-Current Liabilities | 732.23M | 45.58M | 37.29M | 28.02M | 25.98M | 19.81M |
| Total Liabilities | 2.26B | 2.67B | 2.46B | 2.01B | 1.47B | 1.59B |
| Total Debt | 173.91M | 901.52M | 938.99M | 871.07M | 510.96M | 563.75M |
| Net Debt | -337.87M | 124.23M | 575.32M | 717.01M | 318.07M | 338.39M |
| Debt / Equity | 0.06x | 0.34x | 0.49x | 0.59x | 0.28x | 0.32x |
| Debt / EBITDA | 0.16x | 0.85x | 1.22x | 1.82x | 1.25x | 1.09x |
| Net Debt / EBITDA | -0.31x | 0.12x | 0.75x | 1.50x | 0.78x | 0.66x |
| Interest Coverage | 32.53x | 19.52x | 9.98x | 7.53x | 12.18x | 26.44x |
| Total Equity | 2.76B | 2.68B | 1.94B | 1.48B | 1.83B | 1.76B |
| Equity Growth % | 142.12% | 38.24% | 30.91% | -19.11% | 3.8% | - |
| Book Value per Share | 19.41 | 18.83 | 13.72 | 10.61 | 13.15 | 12.67 |
| Total Shareholders' Equity | 2.76B | 2.68B | 1.94B | 1.48B | 1.83B | 1.76B |
| Common Stock | 14K | 14K | 14K | 14K | 10K | 10K |
| Retained Earnings | 1.73B | 1.61B | 909.02M | 470.32M | 896.74M | 797.97M |
| Treasury Stock | -20M | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 15.98M | 20.3M | -11.28M | -1.03M | -9.67M | 8.95M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
Inventory obsolescence and seasonality
According to recent financial filings, SharkNinja has successfully expanded its total equity base from $1.5 billion in 2023Q4 to $2.8 billion by 2026Q1, signaling a consistent strengthening of the company's net asset position as retained earnings continue to accumulate despite the inherent volatility of its consumer-facing business model.
The steady growth in equity suggests that the company is effectively retaining profits to bolster its capital base rather than relying on external financing. This trajectory indicates a maturing financial profile that may provide a greater buffer against the cyclical demand shocks typical of the small appliance industry.
As reported in quarterly balance sheets, the company has significantly reduced its debt-to-equity ratio from a peak of 0.65 in 2024Q2 to a conservative 0.06 by 2026Q1, reflecting a deliberate strategic shift toward minimizing interest-bearing obligations and improving the overall durability of the firm's capital structure.
This rapid deleveraging suggests that management is prioritizing balance sheet optionality, likely to maintain agility for future product category expansion or potential M&A. Investors should monitor whether this low-leverage posture is maintained as the company navigates potential shifts in global trade and manufacturing costs.
Based on the provided data, SharkNinja's current ratio has fluctuated between 1.67 and 2.38 over the last ten quarters, with cash reserves showing significant seasonal variance, dropping to $511.8 million in 2026Q1 from a seasonal high of $777.3 million in 2025Q4, highlighting the company's reliance on holiday-driven cash inflows.
The wide swings in cash balances suggest that liquidity is highly sensitive to the timing of inventory builds and retail sell-through cycles. While the current ratio remains healthy, the reliance on seasonal cash generation warrants caution regarding the company's ability to manage unexpected supply chain disruptions during off-peak quarters.
As indicated in the company's balance sheet, goodwill remains a substantial component of total assets at $834.8 million, representing a significant portion of the $5.0 billion asset base, which may imply that headline book value is heavily influenced by historical acquisition premiums rather than tangible operational assets.
The persistence of this goodwill figure suggests that the company's valuation is sensitive to the long-term performance of acquired brands and technologies. Investors should consider the risk that any future impairment of these intangible assets could materially impact the reported equity position and overall balance sheet health.
Quick answers to the most common questions about buying SN stock.
As of 2025, SharkNinja, Inc. (SN) had total assets of $5.35B including $3.61B in current assets.
SharkNinja, Inc. (SN) carries total debt of $901.5M, offset by $777.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
SharkNinja, Inc. (SN) has total shareholders' equity (book value) of $2.68B ($18.83 book value per share). Book value represents the net worth of the company belonging to common stock holders.
SharkNinja, Inc. (SN) reported a current ratio of 2.04x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.