DLH Holdings (DLHC) Balance Sheet: Assets & Liabilities

DLH Holdings (DLHC) Balance Sheet

As of Sep 30, 2025 (end of fiscal 2025), DLH Holdings reported total assets of $290.66M and total liabilities of $177.71M. Shareholders' equity was $112.96M, up 2.6% from $110.13M a year earlier. Total debt stood at $128.03M against $125.00K in cash and short-term investments, a net debt position of $127.91M. That puts debt-to-equity at 1.13, compared with 1.36 a year earlier.

DLH Holdings Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for DLH Holdings Corp. (DLHC) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Current Assets
Cash and Cash Equivalents	0.13	0.34	0.22	0.23	24.05	1.36	1.79	6.36	4.93
Cash & Short-Term Investments	0.13	0.34	0.22	0.23	24.05	1.36	1.79	6.36	4.93
Accounts Receivable	38.39	49.85	59.12	40.50	34.44	32.54	23.23	10.28	11.91
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	4.02	2.77	3.07	2.88	3.27	3.50	1.83	0.72	0.60
Total Current Assets	42.54	52.96	62.40	43.60	61.76	37.40	26.85	17.40	17.44
Non-Current Assets
Property, Plant & Equipment (Net)	10.04	8.51	11.25	18.56	21.83	25.77	5.34	1.57	1.39
Goodwill	138.16	138.16	138.16	65.64	65.64	67.14	52.76	25.99	25.99
Intangible Assets	91.87	108.32	124.78	40.88	47.47	52.61	41.21	13.37	15.13
Other Non-Current Assets	8.06	6.43	3.26	0.33	0.46	0.61	0.76	0.09	0.14
Total Non-Current Assets	248.13	261.42	277.44	125.41	135.41	146.17	102.41	45.15	52.29
Total Assets	290.66	314.38	339.84	169.01	197.17	183.56	129.26	62.54	69.72
Current Liabilities
Accounts Payable	19.25	25.29	29.70	26.86	16.68	14.65	10.05	3.39	5.21
Short-Term Debt	8.07	12.06	17.19	2.24	2.26	8.77	0.00	0.00	3.60
Current Portion of Long-Term Debt	8.07	12.06	17.19	-	-	-	-	-	-
Accrued Liabilities	12.15	12.85	13.79	9.44	31.40	-	-	-	-
Deferred Revenue	0.00	0.00	0.00	0.00	22.27	0.00	0.00	0.00	3.72
Other Current Liabilities	0.29	0.39	0.64	24.42	25.16	24.54	19.43	12.54	9.72
Total Current Liabilities	42.67	53.24	64.79	38.54	66.38	47.96	29.49	15.93	18.53
Non-Current Liabilities
Long-Term Debt	119.97	137.32	155.15	20.42	64.01	82.16	53.63	6.96	15.13
Deferred Tax Liabilities	0.00	0.00	0.00	1.53	1.18	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	1.05	0.90	1.56	1.53	0.00	0.00	0.57	0.23	0.22
Total Non-Current Liabilities	135.03	151.01	172.62	38.41	65.19	82.16	54.20	7.19	15.34
Total Liabilities	177.71	204.25	237.40	76.95	131.56	130.13	83.69	23.12	33.87
Stockholders' Equity
Common Stock	0.01	0.01	0.01	0.00	0.01	0.01	0.01	0.01	0.01
Retained Earnings	11.21	9.85	2.45	0.99	-22.30	-32.44	-39.56	-44.88	-46.84
Accumulated Other Comprehensive Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1.31	-0.83
Additional Paid-in Capital	101.73	100.27	99.97	91.06	87.89	85.87	85.11	84.29	82.69
Shares Outstanding	14.50	14.39	13.95	13.05	-	-	-	-	-
Total Stockholders' Equity	112.96	110.13	102.44	92.06	65.61	53.44	45.57	39.42	35.86
Total Liabilities & Equity	290.66	314.38	339.84	169.01	197.17	183.56	129.26	62.54	69.72

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About DLH Holdings Balance Sheet

How much debt does DLH Holdings have?

DLH Holdings had total debt of $128.03M as of Sep 30, 2025, against $125.00K in cash and short-term investments. Its debt-to-equity ratio was 1.13. Total debt was $149.37M a year earlier.

What are DLH Holdings's total assets?

DLH Holdings reported total assets of $290.66M as of Sep 30, 2025, down 7.5% from $314.38M a year earlier. Total liabilities were $177.71M.

What is DLH Holdings's shareholders' equity?

DLH Holdings's shareholders' equity was $112.96M as of Sep 30, 2025, or about $7.79 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition