Perma-Pipe International Holdings (PPIH) Balance Sheet: Assets & Liabilities

Perma-Pipe International Holdings (PPIH) Balance Sheet

As of Jan 31, 2026 (end of fiscal 2026), Perma-Pipe International Holdings reported total assets of $217.49M and total liabilities of $111.19M. Shareholders' equity was $90.64M, up 9.1% from $83.11M a year earlier. Total debt stood at $23.84M against $18.72M in cash and short-term investments, a net debt position of $5.12M. That puts debt-to-equity at 0.26, compared with 0.16 a year earlier.

Perma-Pipe International Holdings 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 Perma-Pipe International Holdings, Inc. (PPIH) - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Jan 2026	Jan 2025	Apr 2025	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2017
Current Assets
Cash and Cash Equivalents	18.72	15.72	15.72	5.85	5.77	8.21	7.17	13.37	7.08	7.60
Cash & Short-Term Investments	18.72	15.72	15.72	5.85	5.77	8.21	7.17	13.37	7.08	7.60
Accounts Receivable	66.02	62.08	65.02	63.24	56.77	49.41	29.48	31.57	34.44	33.36
Inventory	18.12	16.62	16.62	15.54	14.74	13.76	12.16	14.50	16.86	13.57
Other Current Assets	6.84	14.38	11.45	14.19	8.38	7.00	5.06	4.82	3.94	3.29
Total Current Assets	146.73	108.80	108.80	98.82	85.66	78.39	53.88	64.26	62.32	57.82
Non-Current Assets
Property, Plant & Equipment (Net)	57.17	43.56	43.56	44.09	31.05	35.97	40.28	40.10	34.51	36.28
Goodwill	2.19	2.06	2.06	2.22	2.23	2.34	2.33	2.25	2.42	2.28
Other Non-Current Assets	5.44	10.82	4.18	10.58	3.34	5.89	5.38	5.32	4.94	5.09
Total Non-Current Assets	70.75	56.44	56.44	56.89	37.31	45.01	48.82	47.97	42.27	43.79
Total Assets	217.49	165.24	165.24	155.71	122.97	123.40	102.69	112.23	104.58	101.61
Current Liabilities
Accounts Payable	24.54	23.69	23.69	25.32	14.75	13.62	10.37	9.58	14.19	10.90
Short-Term Debt	19.67	9.25	10.32	5.52	11.53	8.88	8.17	11.08	8.03	4.47
Current Portion of Long-Term Debt	-	9.17	-	4.07	6.23	6.75	-	-	-	-
Accrued Liabilities	7.24	13.93	-	14.78	11.49	9.53	-	-	-	-
Deferred Revenue	14.01	3.76	3.76	4.76	3.69	4.35	2.85	3.38	7.20	3.74
Other Current Liabilities	3.94	2.38	13.93	2.38	11.49	9.53	5.71	8.15	8.43	8.20
Total Current Liabilities	79.79	54.06	54.06	57.74	43.79	38.40	28.25	32.84	39.18	28.00
Non-Current Liabilities
Long-Term Debt	4.17	3.67	22.93	4.23	17.86	25.66	19.44	17.93	7.73	7.26
Deferred Tax Liabilities	1.82	1.32	1.32	1.22	0.91	0.71	0.91	1.05	1.24	1.83
Other Non-Current Liabilities	2.98	5.14	3.82	3.70	2.63	4.18	4.77	4.77	4.62	5.11
Total Non-Current Liabilities	31.40	28.07	28.07	25.99	21.39	30.55	25.13	23.76	13.59	14.20
Total Liabilities	111.19	82.14	82.14	83.73	65.18	68.94	53.38	56.60	52.77	42.20
Stockholders' Equity
Common Stock	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08
Retained Earnings	37.14	20.10	20.10	12.09	1.62	-2.30	-8.36	-0.72	-3.10	6.87
Accumulated Other Comprehensive Income	-7.68	-8.20	-8.20	-5.55	-6.45	-3.10	-3.29	-3.76	-1.47	-2.72
Treasury Stock	-61.10	-	-	0.97	0.03	1.99	-	-	-	-
Additional Paid-in Capital	61.10	60.15	60.15	60.06	62.54	59.77	60.88	60.02	56.30	55.19
Minority Interest	15.66	10.97	10.97	6.27	0.00	0.00	0.00	0.00	0.00	0.00
Shares Outstanding	8.12	7.98	-	7.90	8.00	8.15	-	-	-	-
Total Stockholders' Equity	90.64	83.11	72.14	71.98	57.78	54.46	49.31	55.63	51.81	59.41
Total Liabilities & Equity	217.49	165.24	165.24	155.71	122.97	123.40	102.69	112.23	104.58	101.61

Source: Company financial statements from annual and quarterly filings. Data as of Jul 31, 2026. Data sources and methodology

Frequently Asked Questions About Perma-Pipe International Holdings Balance Sheet

How much debt does Perma-Pipe International Holdings have?

Perma-Pipe International Holdings had total debt of $23.84M as of Jan 31, 2026, against $18.72M in cash and short-term investments. Its debt-to-equity ratio was 0.26. Total debt was $12.91M a year earlier.

What are Perma-Pipe International Holdings's total assets?

Perma-Pipe International Holdings reported total assets of $217.49M as of Jan 31, 2026, up 31.6% from $165.24M a year earlier. Total liabilities were $111.19M.

What is Perma-Pipe International Holdings's shareholders' equity?

Perma-Pipe International Holdings's shareholders' equity was $90.64M as of Jan 31, 2026, or about $11.16 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