Mesa Laboratories (MLAB) Balance Sheet: Assets & Liabilities

Mesa Laboratories (MLAB) Balance Sheet

As of Mar 31, 2026 (end of fiscal 2026), Mesa Laboratories reported total assets of $427.75M and total liabilities of $241.50M. Shareholders' equity was $186.25M, up 16.5% from $159.83M a year earlier. Total debt stood at $151.48M against $26.93M in cash and short-term investments, a net debt position of $124.55M. That puts debt-to-equity at 0.81, compared with 1.11 a year earlier.

Mesa Laboratories 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 Mesa Laboratories, Inc. (MLAB) - 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	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Current Assets
Cash and Cash Equivalents	26.93	27.32	28.21	32.91	49.35	263.87	81.38	10.19	5.47	5.82
Short-Term Investments	0.00	1.75	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	26.93	29.07	28.21	32.91	49.35	263.87	81.38	10.19	5.47	5.82
Accounts Receivable	44.10	41.97	39.06	42.55	41.22	23.79	21.13	12.52	14.30	14.32
Inventory	26.37	25.37	32.68	34.64	24.61	11.18	14.23	6.77	9.23	13.87
Other Current Assets	3.62	8.03	9.41	4.05	9.14	4.92	6.05	4.15	2.99	1.77
Total Current Assets	106.27	102.69	109.35	118.98	124.32	303.75	122.79	33.62	31.99	35.79
Non-Current Assets
Property, Plant & Equipment (Net)	30.61	32.33	41.44	28.15	28.62	22.00	22.07	22.23	23.59	26.00
Long-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	-272.87	-0.25	-108.52	-113.50
Goodwill	186.86	181.76	180.10	286.44	291.17	160.84	141.54	66.38	65.54	72.16
Intangible Assets	83.35	96.88	113.75	216.82	250.12	111.74	119.87	33.22	42.85	37.79
Other Non-Current Assets	19.16	19.70	0.87	10.37	11.83	2.53	275.35	0.25	108.52	109.95
Total Non-Current Assets	321.48	330.66	337.44	542.86	583.05	297.73	297.41	123.14	132.11	135.95
Total Assets	427.75	433.35	446.80	661.83	707.37	601.48	420.21	156.77	164.10	171.73
Current Liabilities
Accounts Payable	4.93	5.75	6.04	6.13	7.90	4.47	3.41	2.90	2.38	2.17
Short-Term Debt	5.63	101.05	2.99	2.87	2.77	1.02	1.10	2.13	1.63	1.13
Current Portion of Long-Term Debt	5.63	101.05	-	-	-	-	-	-	-	-
Accrued Liabilities	2.23	42.46	2.70	2.30	2.20	19.33	-	-	-	-
Deferred Revenue	14.72	14.71	15.48	15.69	14.58	9.29	6.81	3.97	3.92	4.12
Other Current Liabilities	32.94	9.32	18.19	9.75	14.85	9.36	8.67	12.12	8.36	8.64
Total Current Liabilities	61.90	163.96	44.31	43.36	48.06	32.58	26.01	23.66	17.29	16.57
Non-Current Liabilities
Long-Term Debt	145.86	76.90	228.31	183.27	218.37	145.68	140.28	20.61	44.64	53.68
Deferred Tax Liabilities	20.09	20.18	19.78	34.03	39.22	16.28	32.55	1.08	2.62	3.55
Other Non-Current Liabilities	13.66	32.65	9.00	7.69	7.92	0.72	1.36	0.11	0.19	0.12
Total Non-Current Liabilities	179.60	109.56	257.09	224.99	265.51	162.67	174.19	21.80	47.45	57.35
Total Liabilities	241.50	273.52	301.40	268.35	313.57	195.25	200.19	45.46	64.74	73.91
Stockholders' Equity
Common Stock	375.35	358.54	343.64	332.08	313.46	317.65	158.02	39.82	30.52	25.93
Retained Earnings	-185.75	-188.94	-183.49	74.20	76.68	72.46	71.93	73.30	68.28	73.66
Accumulated Other Comprehensive Income	-3.36	-9.78	-14.76	-12.80	3.67	16.12	-9.94	-1.82	0.56	-1.76
Shares Outstanding	5.52	5.46	5.39	5.37	5.27	-	-	-	-	-
Total Stockholders' Equity	186.25	159.83	145.39	393.48	393.80	406.23	220.01	111.31	99.36	97.82
Total Liabilities & Equity	427.75	433.35	446.80	661.83	707.37	601.48	420.21	156.77	164.10	171.73

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

Frequently Asked Questions About Mesa Laboratories Balance Sheet

How much debt does Mesa Laboratories have?

Mesa Laboratories had total debt of $151.48M as of Mar 31, 2026, against $26.93M in cash and short-term investments. Its debt-to-equity ratio was 0.81. Total debt was $177.95M a year earlier.

What are Mesa Laboratories's total assets?

Mesa Laboratories reported total assets of $427.75M as of Mar 31, 2026, down 1.3% from $433.35M a year earlier. Total liabilities were $241.50M.

What is Mesa Laboratories's shareholders' equity?

Mesa Laboratories's shareholders' equity was $186.25M as of Mar 31, 2026, or about $33.71 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