Valhi, Inc. (VHI) quarterly balance sheet — complete assets, liabilities & equity history
Valhi, Inc. (VHI) balance sheet — 30-year assets, liabilities & shareholders' equity history
| Metric | Q3'26 | Q2'26 | 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 |
|---|
| Total Current Assets | 0 | 1.22B | 1.25B | 1.26B | 1.34B | 1.37B | 1.41B | 1.45B | 1.41B | 1.32B | 1.33B | 1.48B | 1.37B | 1.4B | 1.47B | 1.59B | 1.63B | 1.66B | 1.7B | 1.67B |
| Cash & Short-Term Investments | 0 | 212.4M | 211.3M | 225.5M | 186.6M | 190.9M | 196.4M | 350.2M | 316.7M | 386.9M | 372.7M | 463.1M | 425.5M | 396.5M | 399.1M | 553.6M | 581.7M | 646.7M | 642.2M | 701M |
| Cash Only | 0 | 209.7M | 209.1M | 222.6M | 183.5M | 188.5M | 194.5M | 348.3M | 314.6M | 373.1M | 341M | 407M | 342.3M | 297.5M | 298.1M | 478.5M | 578.8M | 644.4M | 640M | 698.4M |
| Short-Term Investments | 0 | 2.7M | 2.2M | 2.9M | 3.1M | 2.4M | 1.9M | 1.9M | 2.1M | 13.8M | 31.7M | 56.1M | 83.2M | 99M | 101M | 75.1M | 2.9M | 2.3M | 2.2M | 2.6M |
| Accounts Receivable | 0 | 434.2M | 414.8M | 318.9M | 366.6M | 379.2M | 388.7M | 327.8M | 394.7M | 397.6M | 377.8M | 340.4M | 332.5M | 333.5M | 328.8M | 235.8M | 386.4M | 432.3M | 443.3M | 403.7M |
| Days Sales Outstanding | - | 63.73 | 58.95 | 63.77 | 68.14 | 64.65 | 59.86 | 69.11 | 68.3 | 63.03 | 61.59 | 68.33 | 65.34 | 59.43 | 51.57 | 71.09 | 67.7 | 62.78 | 60.6 | 54.95 |
| Inventory | 0 | 530.9M | 580.1M | 659.8M | 690.9M | 717.2M | 729.7M | 685.8M | 577.4M | 475.4M | 504.1M | 596.1M | 532.9M | 575.3M | 643.8M | 640.8M | 545.8M | 469.1M | 493.1M | 458.7M |
| Days Inventory Outstanding | - | 104.01 | 122.06 | 134.98 | 146.25 | 142.41 | 153.08 | 152.79 | 116.05 | 101.66 | 112.67 | 133.85 | 124.85 | 125.61 | 131.8 | 155.95 | 107.1 | 89.73 | 93.46 | 85.19 |
| Other Current Assets | 0 | 6.6M | 47.4M | 54.9M | 34.3M | 80.1M | 95.2M | 89.9M | 117.2M | 63.9M | 73.9M | 75.8M | 79.2M | 96M | 102.6M | 113.2M | 47.8M | 52M | 55.9M | 52.6M |
| Total Non-Current Assets | 0 | 1.36B | 1.36B | 1.37B | 1.37B | 1.4B | 1.35B | 1.35B | 1.38B | 1.21B | 1.23B | 1.26B | 1.24B | 1.25B | 1.24B | 1.25B | 1.22B | 1.25B | 1.32B | 1.33B |
| Property, Plant & Equipment | 0 | 732.4M | 759M | 771.5M | 774.8M | 781.3M | 754.8M | 744M | 773.3M | 498.1M | 516.2M | 540M | 533.3M | 547.8M | 549.3M | 545.3M | 504.3M | 533.6M | 585.4M | 583.5M |
| Fixed Asset Turnover | - | 0.81x | 0.73x | 0.64x | 0.65x | 0.70x | 0.72x | 0.63x | 0.84x | 1.10x | 1.00x | 0.84x | 0.87x | 0.92x | 0.90x | 0.77x | 1.07x | 1.13x | 1.08x | 1.17x |
| Goodwill | 0 | 382.3M | 382.3M | 382.3M | 382.3M | 382.3M | 382.3M | 382.3M | 382.3M | 379.7M | 379.7M | 379.7M | 379.7M | 379.7M | 379.7M | 379.7M | 379.7M | 379.7M | 379.7M | 379.7M |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 154.2M | 5.6M | 6.1M | 5.8M | 4.7M | 5.2M | 5.7M | 5.3M | 106.5M | 114.2M | 115.8M | 118.9M | 124.5M | 115.2M | 114.1M | 114M | 109.5M | 108.6M | 105.2M |
| Other Non-Current Assets | 0 | 64.7M | 180.5M | 178.1M | 180.8M | 168.5M | 150.7M | 160.7M | 151.5M | 158.8M | 154.1M | 159.1M | 138.9M | 141.1M | 157M | 166.6M | 151.2M | 158.8M | 166.3M | 176.8M |
| Total Assets | 0 | 2.57B | 2.61B | 2.63B | 2.72B | 2.76B | 2.76B | 2.8B | 2.79B | 2.53B | 2.56B | 2.74B | 2.61B | 2.65B | 2.72B | 2.84B | 2.84B | 2.91B | 3.02B | 3.01B |
| Asset Turnover | - | 0.23x | 0.21x | 0.18x | 0.18x | 0.20x | 0.19x | 0.17x | 0.20x | 0.22x | 0.20x | 0.17x | 0.18x | 0.19x | 0.18x | 0.14x | 0.19x | 0.21x | 0.21x | 0.23x |
| Asset Growth % | -100% | -6.81% | -5.34% | -6% | -2.57% | 9.05% | 7.75% | 2.31% | 6.93% | -4.42% | -5.86% | -3.48% | -8.36% | -9.03% | -10.09% | -5.64% | -1.18% | 3.72% | 5.42% | 4.01% |
| Total Current Liabilities | 372.1M | 361.2M | 386M | 449.3M | 369M | 483.1M | 528.6M | 643.8M | 503.7M | 378.8M | 385.2M | 507.1M | 403.4M | 393.8M | 397M | 492.8M | 487.5M | 458M | 451M | 463.5M |
| Accounts Payable | 0 | 355.7M | 210.7M | 232.7M | 166.9M | 195.2M | 218.8M | 250M | 163.6M | 139.2M | 151.4M | 228.5M | 128.9M | 145.7M | 156.6M | 199.4M | 188.5M | 152.9M | 148.3M | 152.7M |
| Days Payables Outstanding | - | 53.03 | 43.65 | 39.93 | 37.61 | 40.75 | 50.7 | 50.03 | 33.38 | 30.16 | 38.9 | 42.37 | 30.94 | 31.15 | 36.53 | 50.98 | 36.03 | 28.09 | 29.55 | 26.94 |
| Short-Term Debt | 800K | 800K | 4.8M | 5M | 800K | 88.7M | 81.9M | 79M | 84.7M | 800K | 700K | 700K | 1.4M | 1.4M | 1.6M | 1.8M | 2M | 16.4M | 3.1M | 3.1M |
| Deferred Revenue (Current) | 0 | 0 | 27.1M | 25.9M | 25.9M | 27.4M | 28.1M | 28.2M | 50.8M | 50.4M | 69.1M | 88.8M | 101.1M | 83.4M | 100.1M | 110.7M | 105.4M | 112.5M | 120.5M | 125.8M |
| Other Current Liabilities | 371.3M | 0 | 99.9M | 133.3M | 42M | 35.1M | 32.3M | 38.7M | 47.9M | 38.4M | 32.3M | 36.2M | 39.3M | 34.7M | 32.6M | 38.2M | 37.9M | 34.4M | 40.5M | 107.2M |
| Current Ratio | - | 3.37x | 3.25x | 2.80x | 3.64x | 2.83x | 2.67x | 2.26x | 2.79x | 3.49x | 3.45x | 2.91x | 3.40x | 3.56x | 3.71x | 3.23x | 3.34x | 3.63x | 3.78x | 3.61x |
| Quick Ratio | - | 1.90x | 1.74x | 1.33x | 1.76x | 1.35x | 1.29x | 1.19x | 1.65x | 2.24x | 2.14x | 1.73x | 2.08x | 2.10x | 2.09x | 1.93x | 2.22x | 2.60x | 2.69x | 2.62x |
| Cash Conversion Cycle | - | 114.72 | 137.36 | 158.82 | 176.78 | 166.31 | 162.25 | 171.88 | 150.98 | 134.53 | 135.35 | 159.81 | 159.25 | 153.89 | 146.84 | 176.06 | 138.77 | 124.42 | 124.5 | 113.2 |
| Total Non-Current Liabilities | 778.1M | 814.2M | 853.3M | 819.3M | 945.8M | 849.7M | 815.3M | 777.3M | 916.9M | 867.6M | 923.8M | 953.7M | 937.9M | 980.4M | 1.03B | 1.04B | 1.13B | 1.24B | 1.35B | 1.38B |
| Long-Term Debt | 0 | 586.7M | 624.5M | 590.9M | 661.5M | 544.8M | 525.9M | 484.4M | 526.6M | 497.4M | 511.2M | 545.8M | 532M | 549.8M | 559.9M | 557.7M | 538.2M | 581.7M | 638.2M | 649.9M |
| Capital Lease Obligations | 0 | 16M | 15.8M | 15.7M | 16.5M | 17.1M | 17M | 17.1M | 18.1M | 18.1M | 17.9M | 18.6M | 16.9M | 17.1M | 17.2M | 17.4M | 16.2M | 15.5M | 17.2M | 15.8M |
| Deferred Tax Liabilities | 56.8M | 58M | 56.2M | 55.8M | 50.4M | 63.7M | 60.6M | 57.7M | 40.4M | 13M | 30M | 17.1M | 50.8M | 54.4M | 64.4M | 63.5M | 40.7M | 43.3M | 49.7M | 49.7M |
| Other Non-Current Liabilities | 721.3M | 150.9M | 154M | 154M | 209.2M | 216.1M | 207.1M | 206.3M | 319.5M | 326.9M | 349.5M | 356.7M | 324.4M | 343.1M | 368.8M | 371.6M | 496M | 540.6M | 572.4M | 586.3M |
| Total Liabilities | 1.15B | 1.18B | 1.24B | 1.27B | 1.31B | 1.33B | 1.34B | 1.42B | 1.42B | 1.25B | 1.31B | 1.46B | 1.34B | 1.37B | 1.43B | 1.53B | 1.62B | 1.7B | 1.8B | 1.85B |
| Total Debt | 800K | 603.5M | 645.1M | 611.6M | 683.2M | 654.8M | 628.6M | 584M | 633.1M | 520M | 533.4M | 569M | 554.1M | 572.4M | 581.6M | 580.7M | 560.2M | 617.1M | 662.4M | 672.5M |
| Net Debt | 800K | 393.8M | 436M | 389M | 499.7M | 466.3M | 434.1M | 235.7M | 318.5M | 146.9M | 192.4M | 162M | 211.8M | 274.9M | 283.5M | 102.2M | -18.6M | -27.3M | 22.4M | -25.9M |
| Debt / Equity | 0.00x | 0.43x | 0.47x | 0.45x | 0.49x | 0.46x | 0.44x | 0.42x | 0.46x | 0.40x | 0.43x | 0.45x | 0.44x | 0.45x | 0.45x | 0.44x | 0.46x | 0.51x | 0.54x | 0.58x |
| Debt / EBITDA | 0.02x | 13.32x | 14.76x | - | 6832.00x | 44.54x | 10.73x | 7.60x | 10.50x | 7.91x | 18.02x | 103.45x | 49.92x | 260.18x | - | - | 11.34x | 7.80x | 6.33x | 6.27x |
| Net Debt / EBITDA | 0.02x | 8.69x | 9.98x | - | 4997.00x | 31.72x | 7.41x | 3.07x | 5.28x | 2.24x | 6.50x | 29.45x | 19.08x | 124.95x | - | - | -0.38x | -0.35x | 0.21x | -0.24x |
| Interest Coverage | - | 4.22x | 1.96x | -4.38x | 0.49x | 2.12x | 3.33x | 6.17x | 9.95x | 4.16x | 2.59x | 2.00x | -0.32x | -1.44x | -0.40x | -1.74x | 5.04x | 9.20x | 13.07x | 16.25x |
| Total Equity | 1.43B | 1.4B | 1.37B | 1.36B | 1.4B | 1.43B | 1.41B | 1.38B | 1.37B | 1.29B | 1.25B | 1.28B | 1.27B | 1.28B | 1.29B | 1.31B | 1.22B | 1.22B | 1.22B | 1.16B |
| Equity Growth % | 2.19% | -2.15% | -3.01% | -1.12% | 2.51% | 11.11% | 13.08% | 8.06% | 8.01% | 0.83% | -3.03% | -2.34% | 3.32% | 4.8% | 5.55% | 12.81% | 14.47% | 16.5% | 18.7% | 15.05% |
| Book Value per Share | 50.06 | 49.10 | 48.09 | 47.85 | 49.15 | 50.18 | 49.59 | 48.39 | 47.95 | 45.16 | 43.85 | 44.78 | 44.39 | 44.79 | 45.22 | 45.85 | 42.96 | 42.73 | 42.84 | 40.65 |
| Total Shareholders' Equity | 1.07B | 1.04B | 1.03B | 1.02B | 1.05B | 1.07B | 1.06B | 1.04B | 1.02B | 962.6M | 928.2M | 950.5M | 931.9M | 940.8M | 946.4M | 958.6M | 891M | 882.7M | 880M | 829.5M |
| Common Stock | 300K | 300K | 300K | 300K | 300K | 300K | 300K | 300K | 300K | 300K | 300K | 300K | 300K | 300K | 300K | 300K | 300K | 300K | 300K | 300K |
| Retained Earnings | 555.7M | 527.8M | 507.7M | 508M | 563.5M | 588M | 589.3M | 574.7M | 554.2M | 499M | 466.6M | 475.8M | 459.5M | 467.8M | 475.1M | 482.3M | 494M | 470M | 444.3M | 401.1M |
| Treasury Stock | 0 | -49.6M | -49.6M | -49.6M | -49.6M | -49.6M | -49.6M | -49.6M | -49.6M | -49.6M | -49.6M | -49.6M | -49.6M | -49.6M | -49.6M | -49.6M | -49.6M | -49.6M | -49.6M | -49.6M |
| Accumulated OCI | -102.9M | -105.5M | -102.9M | -105.8M | -137M | -137.5M | -147.4M | -159.2M | -152.3M | -157M | -158.6M | -145.5M | -147.8M | -147.2M | -148M | -143.9M | -223.5M | -207.8M | -185.4M | -191.3M |
| Minority Interest | 356.9M | 355.1M | 344.9M | 340.5M | 353.4M | 358.5M | 350.8M | 343M | 344.1M | 324.4M | 321.6M | 325.7M | 333.3M | 335.6M | 342.4M | 348.2M | 333.5M | 335.2M | 341M | 328.9M |