The company has successfully strengthened its financial position by reducing its debt-to-equity ratio from 2.00 in 2023Q4 to 0.89 in 2026Q1.
| Total Current Assets | 2.94B | 3.43B | 2.39B | 2.07B | 1.28B | 1.21B |
| Cash & Short-Term Investments | 1.43B | 2.03B | 1.1B | 762M | 0 | 0 |
| Cash Only | 1.43B | 2.03B | 1.1B | 762M | 0 | 0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 922M | 897M | 812M | 826M | 816M | 757M |
| Days Sales Outstanding | 58.28 | 59.5 | 57.07 | 60.05 | 61.16 | 58.79 |
| Inventory | 332M | 307M | 288M | 297M | 345M | 322M |
| Days Inventory Outstanding | 53.16 | 50.84 | 50.34 | 51.13 | 59.68 | 59.15 |
| Other Current Assets | 259M | 0 | 186M | 188M | 119M | 126M |
| Total Non-Current Assets | 4.71B | 4.26B | 4.02B | 3.62B | 3.54B | 3.63B |
| Property, Plant & Equipment | 297M | 294M | 268M | 262M | 247M | 260M |
| Fixed Asset Turnover | 19.29x | 18.72x | 19.38x | 19.16x | 19.72x | 18.08x |
| Goodwill | 3.04B | 2.84B | 2.69B | 2.53B | 2.48B | 2.5B |
| Intangible Assets | 750M | 524M | 535M | 427M | 479M | 533M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 620M | 605M | 523M | 398M | 343M | 340M |
| Total Assets | 7.65B | 7.69B | 6.41B | 5.69B | 4.83B | 4.84B |
| Asset Turnover | 0.75x | 0.72x | 0.81x | 0.88x | 1.01x | 0.97x |
| Asset Growth % | 75.36% | 20.09% | 12.52% | 17.99% | -0.31% | - |
| Total Current Liabilities | 1.98B | 2.06B | 1.25B | 1.26B | 1.12B | 1.12B |
| Accounts Payable | 426M | 416M | 395M | 431M | 440M | 464M |
| Days Payables Outstanding | 67.19 | 68.89 | 69.05 | 74.21 | 76.11 | 85.23 |
| Short-Term Debt | 700M | 700M | 39M | 33M | 32M | 34M |
| Deferred Revenue (Current) | 0 | 0 | 237M | 208M | 192M | 175M |
| Other Current Liabilities | 858M | 0 | 330M | 403M | 243M | 216M |
| Current Ratio | 1.48x | 1.67x | 1.92x | 1.64x | 1.14x | 1.07x |
| Quick Ratio | 1.32x | 1.52x | 1.69x | 1.40x | 0.83x | 0.79x |
| Cash Conversion Cycle | 44.25 | 41.44 | 38.37 | 36.98 | 44.72 | 32.7 |
| Total Non-Current Liabilities | 2.66B | 2.53B | 3.12B | 3.04B | 462M | 518M |
| Long-Term Debt | 1.96B | 1.97B | 2.6B | 2.63B | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 129M | 115M | 91M | 101M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 702M | 558M | 371M | 280M | 357M | 404M |
| Total Liabilities | 4.65B | 4.59B | 4.36B | 4.3B | 1.58B | 1.64B |
| Total Debt | 2.66B | 2.67B | 2.77B | 2.78B | 123M | 135M |
| Net Debt | 1.23B | 642M | 1.67B | 2.02B | 123M | 135M |
| Debt / Equity | 0.89x | 0.86x | 1.35x | 2.00x | 0.04x | 0.04x |
| Debt / EBITDA | 1.95x | 1.97x | 2.15x | 2.26x | 0.10x | 0.12x |
| Net Debt / EBITDA | 0.90x | 0.47x | 1.30x | 1.64x | 0.10x | 0.12x |
| Interest Coverage | 13.96x | 13.22x | 10.61x | 37.53x | - | - |
| Total Equity | 3.01B | 3.11B | 2.04B | 1.39B | 3.24B | 3.2B |
| Equity Growth % | 186.53% | 51.88% | 47.23% | -57.13% | 1.22% | - |
| Book Value per Share | 12.06 | 12.41 | 8.19 | 5.64 | 13.17 | 13.01 |
| Total Shareholders' Equity | 3B | 3.11B | 2.04B | 1.38B | 3.23B | 3.2B |
| Common Stock | 2M | 3.11B | 2M | 2M | 4.19B | 4.08B |
| Retained Earnings | 1.97B | 0 | 917M | 178M | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -948M | 0 | -1.07B | -954M | -954M | -887M |
| Minority Interest | 1M | 0 | 7M | 6M | 5M | 4M |
M&A Integration Execution Risk
According to historical balance sheet data, Veralto has successfully expanded its equity base from $1.4 billion in 2023Q4 to $3.0 billion by 2026Q1, signaling a robust strengthening of the company's financial position as it establishes its independence following the separation from Danaher Corporation.
The consistent growth in retained earnings suggests that the company is effectively internalizing profits to bolster its net worth rather than relying on external financing. This trajectory implies a maturing capital structure that provides a solid foundation for future strategic initiatives.
Based on reported financial figures, Veralto has significantly reduced its debt-to-equity ratio from 2.00 in 2023Q4 to 0.89 in 2026Q1, demonstrating a disciplined approach to managing leverage while maintaining a stable total debt load of approximately $2.7 billion throughout the recent reporting periods.
The reduction in leverage appears to be driven primarily by equity accumulation rather than aggressive debt repayment, which suggests that the company is prioritizing balance sheet health. Investors should monitor whether this lower leverage profile is maintained as the company potentially pursues inorganic growth opportunities.
As reported in recent filings, Veralto's goodwill has increased to $3.0 billion as of 2026Q1, representing a substantial portion of its $7.7 billion total asset base, which suggests that the company's valuation is heavily anchored in the historical acquisition premiums of its core brands.
The high concentration of intangible assets implies that the company's future book value is sensitive to potential impairment charges if the acquired businesses underperform. While this is common for industrial consolidators, it necessitates careful oversight of the underlying ROIC for each segment.
Data from recent balance sheets indicates that Veralto has accumulated $1.4 billion in cash as of 2026Q1, providing a significant liquidity buffer that, when combined with a current ratio of 1.48, suggests the company is well-positioned to navigate short-term operational volatility or fund bolt-on acquisitions.
The build-up of cash reserves appears to be a strategic move to provide the firm with the necessary dry powder to operate independently of its former parent. This liquidity position may indicate that management is preparing for a period of active capital deployment in the near term.
Quick answers to the most common questions about buying VLTO stock.
As of 2025, Veralto Corporation (VLTO) had total assets of $7.69B including $3.43B in current assets.
Veralto Corporation (VLTO) carries total debt of $2.67B, offset by $2.03B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Veralto Corporation (VLTO) has total shareholders' equity (book value) of $3.11B ($12.41 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Veralto Corporation (VLTO) reported a current ratio of 1.67x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.