Leslie's (LESL) Balance Sheet: Assets & Liabilities

Leslie's (LESL) Balance Sheet

As of Oct 4, 2025 (end of fiscal 2025), Leslie's reported total assets of $741.48M and total liabilities of $1.15B. Shareholders' equity was negative at −$407.99M, meaning liabilities exceed assets. Total debt stood at $752.05M against $64.34M in cash and short-term investments, a net debt position of $687.72M.

Leslie's Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Leslie's, Inc. (LESL) - Annual data in billions USD
Breakdown	FY 2025	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Oct 2025	Sep 2025	Sep 2024	Sep 2023	Oct 2022	Sep 2022	Oct 2021	Sep 2021	Sep 2020	Sep 2019	Sep 2018
Current Assets
Cash and Cash Equivalents	0.06	0.06	0.11	0.06	0.11	0.11	0.34	0.35	0.16	0.09	0.08
Cash & Short-Term Investments	0.06	0.06	0.11	0.06	0.11	0.11	0.34	0.35	0.16	0.09	0.08
Accounts Receivable	0.02	0.03	0.04	0.03	0.05	0.04	0.04	0.04	0.03	0.03	0.03
Inventory	0.21	0.21	0.23	0.31	0.36	0.36	0.20	0.20	0.15	0.15	0.14
Other Current Assets	0.03	0.03	0.01	0.01	0.02	0.01	0.02	0.02	0.03	0.01	0.01
Total Current Assets	0.33	0.33	0.42	0.42	0.54	0.54	0.60	0.60	0.37	0.28	0.26
Non-Current Assets
Property, Plant & Equipment (Net)	0.35	0.35	0.37	0.34	0.31	0.31	0.28	0.28	0.24	0.08	0.08
Long-Term Investments	-	0.00	0.00	0.00	-	0.00	-	0.00	0.00	-0.02	0.00
Goodwill	0.03	0.00	0.18	0.18	0.21	0.17	0.13	0.10	0.09	0.09	0.08
Intangible Assets	0.03	0.03	0.03	0.04	0.04	0.04	0.03	0.03	0.03	0.03	0.03
Other Non-Current Assets	0.04	0.04	0.04	0.05	0.04	0.04	0.03	0.03	0.00	0.00	-0.01
Total Non-Current Assets	-	0.41	0.63	0.61	-	0.57	-	0.44	0.37	0.20	0.20
Total Assets	0.74	0.74	1.05	1.03	1.11	1.11	1.04	1.04	0.75	0.48	0.45
Current Liabilities
Accounts Payable	0.05	0.05	0.07	0.06	0.27	0.16	0.23	0.10	0.09	0.07	0.06
Short-Term Debt	-	0.07	0.01	0.01	0.01	0.01	0.01	0.13	0.06	0.01	0.01
Current Portion of Long-Term Debt	-	-	0.01	0.01	0.01	-	0.01	-	-	-	-
Accrued Liabilities	0.08	0.05	0.08	0.06	0.27	0.07	0.23	-	-	-	-
Deferred Revenue	0.01	0.01	0.01	0.01	0.02	0.02	0.03	0.01	0.00	0.00	0.00
Other Current Liabilities	0.08	0.07	0.09	0.02	0.01	0.01	0.01	0.06	0.10	0.07	0.06
Total Current Liabilities	0.21	0.21	0.25	0.23	0.35	0.35	0.31	0.31	0.26	0.17	0.14
Non-Current Liabilities
Long-Term Debt	0.75	0.94	0.77	0.77	0.78	0.78	0.79	0.95	1.31	1.19	1.19
Deferred Tax Liabilities	0.00	0.00	0.00	0.07	-	0.07	-	0.06	0.05	0.00	0.00
Other Non-Current Liabilities	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01	0.01
Total Non-Current Liabilities	0.94	0.94	0.98	0.97	0.96	0.96	0.95	0.95	1.32	1.20	1.20
Total Liabilities	1.15	1.15	1.23	1.20	1.31	1.31	1.26	1.26	1.57	1.37	1.34
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	-0.52	-0.52	-0.28	-0.26	-0.29	-0.29	-0.42	-0.42	-0.55	-0.89	-0.61
Accumulated Other Comprehensive Income	-	0.00	0.00	0.00	-	0.00	-	0.00	-0.28	0.00	-0.27
Additional Paid-in Capital	-	0.11	0.11	0.10	-	0.09	-	0.20	-0.28	0.00	-0.01
Shares Outstanding	-	0.01	0.01	0.01	-	0.01	-	-	-	-	-
Total Stockholders' Equity	-0.41	-0.41	-0.18	-0.16	-0.20	-0.20	-0.22	-0.22	-0.83	-0.89	-0.89
Total Liabilities & Equity	-	0.74	1.05	1.03	-	1.11	-	1.04	0.75	0.48	0.45

Source: Company financial statements from annual and quarterly filings. Data as of Jul 4, 2026. Data sources and methodology

Frequently Asked Questions About Leslie's Balance Sheet

How much debt does Leslie's have?

Leslie's had total debt of $752.05M as of Oct 4, 2025, against $64.34M in cash and short-term investments. Total debt was $777.16M a year earlier.

What are Leslie's's total assets?

Leslie's reported total assets of $741.48M as of Oct 4, 2025, down 29.4% from $1.05B a year earlier. Total liabilities were $1.15B.

What is Leslie's's shareholders' equity?

Leslie's's shareholders' equity was negative at −$407.99M as of Oct 4, 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