Lee Enterprises, Incorporated (LEE) Balance Sheet: Assets & Liabilities

Lee Enterprises, Incorporated (LEE) Balance Sheet

As of Sep 30, 2025 (end of fiscal 2025), Lee Enterprises, Incorporated reported total assets of $601.73M and total liabilities of $642.69M. Shareholders' equity was negative at −$43.31M, meaning liabilities exceed assets. Total debt stood at $481.58M against $9.99M in cash and short-term investments, a net debt position of $471.59M.

Lee Enterprises, Incorporated 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 Lee Enterprises, Incorporated (LEE) - 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	9.99	9.60	14.55	16.19	26.11	33.73	8.65	5.38	10.62
Cash & Short-Term Investments	9.99	9.60	14.55	16.19	26.11	33.73	8.65	5.38	10.62
Accounts Receivable	54.61	60.65	69.10	69.52	65.07	52.60	42.54	43.71	49.47
Inventory	4.70	5.64	7.50	8.27	6.30	7.53	3.77	5.68	3.62
Other Current Assets	20.15	21.88	15.37	15.15	11.32	14.89	5.35	4.57	4.13
Total Current Assets	89.44	97.77	106.53	109.12	108.80	108.75	60.30	59.34	67.84
Non-Current Assets
Property, Plant & Equipment (Net)	60.72	79.25	102.06	121.20	148.95	176.54	82.04	92.33	114.20
Long-Term Investments	33.19	33.98	27.82	33.35	32.75	33.88	39.43	40.17	39.13
Goodwill	323.86	328.04	329.50	329.50	330.20	328.45	250.31	246.18	246.43
Intangible Assets	51.93	70.08	94.99	121.37	156.67	182.68	107.39	119.82	136.30
Other Non-Current Assets	42.60	40.05	12.74	-13.23	13.63	13.70	1.39	1.42	1.57
Total Non-Current Assets	512.29	551.40	605.09	634.92	734.75	755.30	494.90	516.07	553.01
Total Assets	601.73	649.17	711.62	744.04	843.55	864.06	555.20	575.41	620.85
Current Liabilities
Accounts Payable	41.72	36.29	36.29	28.61	20.42	17.16	16.75	12.75	17.03
Short-Term Debt	7.30	8.14	7.76	7.86	14.72	22.31	2.95	7.03	30.18
Current Portion of Long-Term Debt	-	-	-	-	6.11	13.73	-	-	-
Accrued Liabilities	26.42	30.08	20.01	44.74	45.08	44.28	-	-	-
Deferred Revenue	26.48	31.76	40.84	49.93	61.40	60.27	21.72	23.90	26.88
Other Current Liabilities	34.70	35.71	23.64	36.45	45.08	26.23	10.87	15.11	23.94
Total Current Liabilities	113.36	115.35	114.34	131.14	141.62	144.02	61.04	65.34	98.21
Non-Current Liabilities
Long-Term Debt	474.28	475.71	455.74	508.56	534.19	586.93	429.39	460.78	496.38
Deferred Tax Liabilities	22.48	28.40	41.35	42.72	53.76	15.21	29.81	39.11	53.40
Other Non-Current Liabilities	32.58	37.04	39.90	44.39	70.75	147.53	71.80	46.45	64.08
Total Non-Current Liabilities	529.33	541.15	573.58	595.67	658.70	749.67	531.00	546.33	613.86
Total Liabilities	642.69	656.51	687.91	726.81	800.32	893.69	592.03	611.67	712.06
Stockholders' Equity
Common Stock	0.06	0.06	0.06	0.06	0.06	0.58	0.58	0.57	0.57
Retained Earnings	-329.93	-292.34	-266.50	-261.23	-259.21	-268.53	-265.42	-279.69	-328.52
Accumulated Other Comprehensive Income	22.75	19.92	26.84	16.65	42.19	-20.05	-29.11	-11.75	-16.07
Additional Paid-in Capital	263.81	262.47	260.83	259.52	258.06	256.43	255.48	253.51	251.79
Minority Interest	2.35	2.56	2.47	2.23	2.13	1.93	1.65	1.09	1.02
Shares Outstanding	6.26	6.19	6.06	5.98	-	-	-	-	-
Total Stockholders' Equity	-43.31	-9.89	21.24	15.01	41.10	-31.56	-38.48	-37.35	-92.24
Total Liabilities & Equity	601.73	649.17	711.62	744.04	843.55	864.06	555.20	575.41	620.85

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

Frequently Asked Questions About Lee Enterprises, Incorporated Balance Sheet

How much debt does Lee Enterprises, Incorporated have?

Lee Enterprises, Incorporated had total debt of $481.58M as of Sep 30, 2025, against $9.99M in cash and short-term investments. Total debt was $483.85M a year earlier.

What are Lee Enterprises, Incorporated's total assets?

Lee Enterprises, Incorporated reported total assets of $601.73M as of Sep 30, 2025, down 7.3% from $649.17M a year earlier. Total liabilities were $642.69M.

What is Lee Enterprises, Incorporated's shareholders' equity?

Lee Enterprises, Incorporated's shareholders' equity was negative at −$43.31M as of Sep 30, 2025, so its liabilities exceeded its assets.

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