Flexsteel Industries (FLXS) Balance Sheet: Assets & Liabilities

Flexsteel Industries (FLXS) Balance Sheet

As of Jun 30, 2026 (end of fiscal 2026), Flexsteel Industries reported total assets of $254.01M and total liabilities of $120.51M. Shareholders' equity was $133.50M, down 20.5% from $167.86M a year earlier. Total debt stood at $51.90M against $16.68M in cash and short-term investments, a net debt position of $35.22M. That puts debt-to-equity at 0.39, compared with 0.35 a year earlier.

Flexsteel Industries 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 Flexsteel Industries, Inc. (FLXS) - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Jun 2026	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017
Current Assets
Cash and Cash Equivalents	16.68	40.01	4.76	3.37	2.18	1.34	48.20	22.25	27.75	28.87
Short-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	15.95	17.96
Cash & Short-Term Investments	16.68	40.01	4.76	3.37	2.18	1.34	48.20	22.25	43.70	46.83
Accounts Receivable	42.66	35.23	44.24	38.17	41.11	55.99	32.22	38.16	41.25	42.36
Inventory	90.59	89.14	96.58	122.08	141.21	161.13	70.57	93.66	96.20	99.40
Other Current Assets	8.44	8.00	9.81	6.42	5.57	10.09	30.86	11.90	8.48	6.66
Total Current Assets	158.37	172.37	155.38	170.64	190.07	228.54	181.84	165.97	189.63	195.25
Non-Current Assets
Property, Plant & Equipment (Net)	71.64	77.76	98.15	106.95	76.73	66.84	52.00	79.24	90.73	70.66
Long-Term Investments	15.12	19.04	11.45	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	8.87	0.87	20.93	1.94	1.94	1.40	1.31	1.52	2.48	2.39
Total Non-Current Assets	95.64	110.11	119.08	119.91	78.67	68.24	55.42	88.32	94.66	74.80
Total Assets	254.01	282.49	274.46	290.55	268.74	296.78	237.26	254.29	284.29	270.05
Current Liabilities
Accounts Payable	36.24	25.62	25.83	24.75	32.15	67.77	27.75	18.41	17.23	16.76
Short-Term Debt	8.40	7.81	7.52	7.18	6.36	5.83	4.41	0.00	0.00	0.00
Accrued Liabilities	29.82	25.99	27.06	22.19	26.12	26.15	-	-	-	-
Other Current Liabilities	31.03	28.59	1.99	2.05	24.61	25.67	21.31	29.35	23.70	20.44
Total Current Liabilities	75.67	62.01	60.41	55.11	64.63	99.75	53.46	47.76	40.93	37.20
Non-Current Liabilities
Long-Term Debt	43.50	51.56	4.82	28.27	71.73	27.82	7.61	0.00	0.00	0.00
Other Non-Current Liabilities	1.35	1.05	0.79	0.58	0.82	1.24	0.69	1.10	1.67	2.09
Total Non-Current Liabilities	44.85	52.61	124.10	93.82	72.55	29.06	8.29	1.10	1.67	2.09
Total Liabilities	120.51	114.62	124.10	148.93	137.18	128.81	61.75	48.86	42.60	39.29
Stockholders' Equity
Common Stock	8.63	8.51	8.41	8.29	8.19	8.13	8.01	7.90	7.87	7.82
Retained Earnings	219.23	190.44	174.12	166.80	155.28	157.14	137.31	170.00	209.55	198.47
Accumulated Other Comprehensive Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	-2.04	-1.71
Treasury Stock	135.48	71.73	71.73	70.07	66.37	-	-	-	-	-
Additional Paid-in Capital	-94.37	-31.09	-32.16	36.61	-31.91	2.70	30.19	27.51	26.32	26.19
Shares Outstanding	4.11	5.31	5.20	5.17	5.30	-	-	-	-	-
Total Stockholders' Equity	133.50	167.86	150.37	141.62	131.56	167.97	175.51	205.43	241.70	230.76
Total Liabilities & Equity	254.01	282.49	274.46	290.55	268.74	296.78	237.26	254.29	284.29	270.05

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

Frequently Asked Questions About Flexsteel Industries Balance Sheet

How much debt does Flexsteel Industries have?

Flexsteel Industries had total debt of $51.90M as of Jun 30, 2026, against $16.68M in cash and short-term investments. Its debt-to-equity ratio was 0.39. Total debt was $59.37M a year earlier.

What are Flexsteel Industries's total assets?

Flexsteel Industries reported total assets of $254.01M as of Jun 30, 2026, down 10.1% from $282.49M a year earlier. Total liabilities were $120.51M.

What is Flexsteel Industries's shareholders' equity?

Flexsteel Industries's shareholders' equity was $133.50M as of Jun 30, 2026, or about $32.50 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