The company maintains a debt-to-equity ratio of 1.02 as of 2026Q1, with $5.6 billion in goodwill representing a substantial portion of its $14.1 billion total asset base.
| Total Current Assets | 3.58B | 3.86B | 3.25B | 2.52B | 2.23B | 2.19B |
| Cash & Short-Term Investments | 561M | 878M | 762M | 194M | 61M | 91M |
| Cash Only | 561M | 878M | 762M | 194M | 61M | 91M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.06B | 1.03B | 1.23B | 1.31B | 1.17B | 1.18B |
| Days Sales Outstanding | 48.23 | 45.33 | 54.35 | 58.47 | 52.57 | 52.58 |
| Inventory | 1.09B | 1.07B | 965M | 857M | 873M | 813M |
| Days Inventory Outstanding | 99.31 | 100.44 | 96.21 | 89.27 | 92.76 | 91.36 |
| Other Current Assets | 874M | 881M | 293M | 155M | 126M | 108M |
| Total Non-Current Assets | 10.51B | 10.44B | 11.21B | 11.42B | 11.36B | 11.89B |
| Property, Plant & Equipment | 1.54B | 1.33B | 1.62B | 1.46B | 1.32B | 1.31B |
| Fixed Asset Turnover | 5.99x | 6.28x | 5.09x | 5.63x | 6.16x | 6.26x |
| Goodwill | 5.63B | 5.7B | 6.38B | 6.54B | 6.43B | 6.67B |
| Intangible Assets | 2.5B | 2.59B | 2.54B | 2.9B | 3.25B | 3.66B |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 848M | 813M | 665M | 530M | 358M | 253M |
| Total Assets | 14.1B | 14.29B | 14.46B | 13.94B | 13.59B | 14.07B |
| Asset Turnover | 0.58x | 0.58x | 0.57x | 0.59x | 0.60x | 0.58x |
| Asset Growth % | -5.92% | -1.13% | 3.69% | 2.57% | -3.42% | - |
| Total Current Liabilities | 3.35B | 3.14B | 2.7B | 1.73B | 1.31B | 1.41B |
| Accounts Payable | 699M | 687M | 618M | 477M | 348M | 320M |
| Days Payables Outstanding | 64.31 | 64.73 | 61.61 | 49.69 | 36.98 | 35.96 |
| Short-Term Debt | 505M | 0 | 200M | 0 | 0 | 0 |
| Deferred Revenue (Current) | 2.37B | 621M | 572M | 574M | 559M | 574M |
| Other Current Liabilities | 1.53B | 1.83B | 659M | 365M | 236M | 323M |
| Current Ratio | 1.07x | 1.23x | 1.20x | 1.46x | 1.70x | 1.56x |
| Quick Ratio | 0.75x | 0.89x | 0.84x | 0.96x | 1.04x | 0.98x |
| Cash Conversion Cycle | 83.22 | 81.04 | 88.94 | 98.05 | 108.36 | 107.98 |
| Total Non-Current Liabilities | 5.78B | 6.11B | 8.79B | 549M | 541M | 610M |
| Long-Term Debt | 4.58B | 5.04B | 7.81B | 8.3B | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 725M | 164M | 225M | 231M | 215M | 218M |
| Other Non-Current Liabilities | 1.05B | 910M | 760M | -7.99B | 326M | 392M |
| Total Liabilities | 9.13B | 9.24B | 11.5B | 2.28B | 1.85B | 2.02B |
| Total Debt | 5.08B | 5.04B | 8.01B | 8.3B | 0 | 0 |
| Net Debt | 4.52B | 4.16B | 7.25B | 8.11B | -61M | -91M |
| Debt / Equity | 1.02x | 1.00x | 2.71x | 0.71x | - | - |
| Debt / EBITDA | 1.77x | 1.89x | 5.03x | 3.69x | - | - |
| Net Debt / EBITDA | 1.58x | 1.56x | 4.56x | 3.60x | -0.03x | -0.04x |
| Interest Coverage | 6.55x | 5.94x | 2.65x | - | - | - |
| Total Equity | 4.97B | 5.05B | 2.96B | 11.67B | 11.74B | 12.06B |
| Equity Growth % | 206.3% | 70.63% | -74.64% | -0.65% | -2.63% | - |
| Book Value per Share | 28.31 | 28.80 | 17.04 | 67.55 | 68.08 | 69.92 |
| Total Shareholders' Equity | 4.97B | 5.05B | 2.96B | 11.67B | 11.74B | 12.06B |
| Common Stock | 2M | 2M | 2M | 0 | 0 | 0 |
| Retained Earnings | 1.81B | 1.8B | 242M | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -670M | -625M | -1.06B | -337M | -497M | -200M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
Elevated Debt and Goodwill
As reported in financial statements, Solventum maintains a debt-to-equity ratio of 1.02 as of 2026Q1, reflecting a persistent reliance on leverage that has remained largely unchanged since the 2025Q4 period, despite the company's ongoing efforts to stabilize its standalone capital structure following the separation from 3M.
The company's debt load of $5.1 billion appears significant relative to its current equity base, suggesting that interest obligations may continue to weigh on net income. Investors should monitor whether management prioritizes debt reduction over reinvestment, as the current leverage profile leaves limited room for operational missteps in a high-rate environment.
Based on recent SEC filings, Solventum carries $5.6 billion in goodwill as of 2026Q1, which represents a substantial portion of its $14.1 billion total asset base, indicating that the company's valuation is heavily reliant on the carrying value of past acquisitions rather than tangible physical assets.
This high concentration of intangible assets warrants further investigation into potential impairment risks, especially given the stagnant revenue growth observed in recent quarters. If the underlying business units fail to meet performance expectations, the company may be forced to recognize significant write-downs that would further erode the equity base.
According to quarterly balance sheet data, Solventum's equity has remained stagnant at $5.0 billion between 2025Q4 and 2026Q1, a trend that follows a period of significant volatility where equity levels dropped from $11.7 billion in 2023Q4 to current levels, reflecting the impact of the spin-off and subsequent operational challenges.
The lack of meaningful growth in retained earnings suggests that the company is struggling to generate sufficient internal capital to bolster its balance sheet. This stagnation may limit the company's ability to fund future growth initiatives or return capital to shareholders without further increasing its reliance on external financing.
As indicated by the most recent quarterly figures, Solventum's current ratio has compressed to 1.07 in 2026Q1, down from 1.23 in 2025Q4, signaling a narrowing margin of safety in the company's ability to cover its short-term obligations using its existing liquid assets and cash reserves.
The decline in cash from $878 million in 2025Q4 to $561 million in 2026Q1 appears to indicate a rapid consumption of liquidity, which may be driven by the costs of establishing independent corporate functions. This trend suggests that the company's cash runway is shortening, potentially necessitating more disciplined working capital management in the near term.
Quick answers to the most common questions about buying SOLV stock.
As of 2025, Solventum Corporation (SOLV) had total assets of $14.29B including $3.86B in current assets.
Solventum Corporation (SOLV) carries total debt of $5.04B, offset by $878.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Solventum Corporation (SOLV) has total shareholders' equity (book value) of $5.05B ($28.80 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Solventum Corporation (SOLV) reported a current ratio of 1.23x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.