Miller Industries (MLR) Balance Sheet: Assets & Liabilities

Miller Industries (MLR) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Miller Industries reported total assets of $589.67M and total liabilities of $169.10M. Shareholders' equity was $420.57M, up 4.9% from $401.03M a year earlier. Total debt stood at $33.68M against $44.68M in cash and short-term investments, a net cash position of $11.01M. That puts debt-to-equity at 0.08, compared with 0.16 a year earlier.

Miller 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 Miller Industries, Inc. (MLR) - 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	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	44.68	24.34	29.91	40.15	54.33	57.52	26.07	27.04	21.90
Cash & Short-Term Investments	44.68	24.34	29.91	40.15	54.33	57.52	26.07	27.04	21.90
Accounts Receivable	198.26	313.41	286.14	177.66	153.98	141.64	168.62	149.14	132.70
Inventory	184.23	186.17	189.81	153.66	114.91	83.94	87.97	93.77	68.57
Other Current Assets	12.41	5.85	4.62	4.58	5.75	3.17	4.80	3.27	4.27
Total Current Assets	439.58	529.77	510.47	376.05	328.97	286.27	287.45	273.22	227.43
Non-Current Assets
Property, Plant & Equipment (Net)	124.08	116.52	115.90	113.05	96.52	100.09	92.38	82.85	77.63
Goodwill	20.07	20.00	20.02	11.62	11.62	11.62	11.62	11.62	11.62
Other Non-Current Assets	5.93	0.73	0.82	0.71	0.53	0.43	0.52	0.50	0.56
Total Non-Current Assets	150.08	137.25	136.74	125.38	108.68	112.14	104.52	94.97	89.81
Total Assets	589.67	667.02	647.21	501.43	437.64	398.41	391.97	368.18	317.24
Current Liabilities
Accounts Payable	78.55	145.85	191.78	125.50	121.75	85.53	95.75	98.22	79.30
Short-Term Debt	2.42	0.32	0.32	0.31	0.38	0.38	0.72	0.31	0.39
Current Portion of Long-Term Debt	2.25	-	-	-	-	-	-	-	-
Accrued Liabilities	55.60	51.70	34.89	28.33	22.78	19.24	-	-	-
Deferred Revenue	0.00	4.41	5.90	4.16	0.00	0.00	0.00	0.00	0.00
Other Current Liabilities	55.60	3.51	34.89	24.18	22.78	22.61	25.73	23.82	21.17
Total Current Liabilities	136.57	197.87	234.71	156.15	146.99	110.68	124.28	123.39	101.70
Non-Current Liabilities
Long-Term Debt	31.26	65.00	60.51	45.60	0.87	1.13	6.34	15.53	10.21
Deferred Tax Liabilities	1.37	2.89	4.07	6.23	5.17	4.14	3.42	1.70	1.13
Other Non-Current Liabilities	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.10
Total Non-Current Liabilities	32.53	65.23	64.58	51.83	6.04	5.28	9.76	17.23	12.44
Total Liabilities	169.10	265.99	299.29	207.97	153.03	115.96	134.04	140.62	114.14
Stockholders' Equity
Common Stock	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11
Retained Earnings	268.80	254.94	200.17	150.12	138.00	133.88	112.26	81.35	55.58
Accumulated Other Comprehensive Income	-1.39	-7.73	-5.93	-9.17	-4.95	-2.79	-5.50	-4.81	-3.29
Additional Paid-in Capital	153.05	153.70	153.57	152.39	151.45	151.25	151.06	150.91	150.70
Shares Outstanding	11.37	11.44	11.45	11.42	11.41	-	-	-	-
Total Stockholders' Equity	420.57	401.03	347.92	293.46	284.62	282.45	257.93	227.56	203.10
Total Liabilities & Equity	589.67	667.02	647.21	501.43	437.64	398.41	391.97	368.18	317.24

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

Frequently Asked Questions About Miller Industries Balance Sheet

How much debt does Miller Industries have?

Miller Industries had total debt of $33.68M as of Dec 31, 2025, against $44.68M in cash and short-term investments. Its debt-to-equity ratio was 0.08. Total debt was $65.32M a year earlier.

What are Miller Industries's total assets?

Miller Industries reported total assets of $589.67M as of Dec 31, 2025, down 11.6% from $667.01M a year earlier. Total liabilities were $169.10M.

What is Miller Industries's shareholders' equity?

Miller Industries's shareholders' equity was $420.57M as of Dec 31, 2025, or about $36.98 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