Heico Corp balance sheet

At the end of fiscal 2025, Heico Corp had total assets of $8.50bn, total liabilities of $3.65bn and shareholders' equity of $4.31bn. It held $218m in cash against $2.17bn of debt: net debt of $1.95bn.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Heico Corp: balance sheet, annual
Fiscal year	2009Oct 2009	2010Oct 2010	2011Oct 2011	2012Oct 2012	2013Oct 2013	2014Oct 2014	2015Oct 2015	2016Oct 2016	2017Oct 2017	2018Oct 2018	2019Oct 2019	2020Oct 2020	2021Oct 2021	2022Oct 2022	2023Oct 2023	2024Oct 2024	2025Oct 2025	LTMJul 2026
Cash and equivalents	7	7	18	21	15	20	34	52	52	60	57	407	108	140	171	162	218	241
Receivables	78	92	106	122	157	150	182	202	222	237	274	210	245	295	509	538	638	736
Inventory	138	138	165	190	219	218	244	286	344	372	420	463	478	582	1,014	1,171	1,295	1,448
Total current assets	244	259	317	368	441	431	504	543	632	734	814	1,166	937	1,153	1,855	2,062	2,356	2,725
Goodwill	365	385	443	542	688	686	767	866	1,081	1,115	1,269	1,383	1,450	1,672	3,274	3,380	3,662	4,356
Total assets	733	782	941	1,193	1,533	1,489	1,701	1,998	2,512	2,653	2,969	3,548	3,498	4,095	7,195	7,593	8,500	9,937
Accounts payable	27	29	44	50	55	57	65	73	90	107	106	76	86	117	206	198	231	297
Deferred revenue (current)	—	—	3	6	12	12	16	32	29	20	24	26	33	59	88	84	80	134
Total current liabilities	66	82	123	132	161	152	168	214	249	282	289	241	295	421	665	664	832	1,003
Short-term debt	0	0	—	—	—	—	—	—	—	—	—	—	—	2	18	4	3	4
Long-term debt	55	14	40	131	377	329	367	458	674	532	561	739	235	289	2,460	2,225	2,165	2,538
Total debt	55	14	40	132	378	329	368	458	674	532	562	740	236	290	2,478	2,229	2,168	2,541
Total liabilities	185	172	255	406	751	675	752	851	1,133	1,018	1,086	1,316	949	1,120	3,637	3,529	3,654	4,294
Shareholders' equity	413	469	529	617	606	699	810	963	1,161	1,398	1,667	1,980	2,263	2,606	3,146	3,637	4,305	4,948
Non-controlling interests and other (assets − liabilities − equity)	135	141	157	170	176	115	139	184	218	237	216	252	286	370	412	427	541	695
Net debt (negative = net cash)	48	8	23	110	362	309	334	406	622	473	505	333	128	151	2,307	2,067	1,950	2,300
Shares outstanding	78m	82m	85m	—	—	81m	81m	135m	—	—	—	—	—	—	—	—	—	—

US$ millions unless shown otherwise. Fiscal quarters.

Heico Corp: balance sheet, quarterly
Quarter	2024 Q4Oct 2024	2025 Q1Jan 2025	2025 Q2Apr 2025	2025 Q3Jul 2025	2025 Q4Oct 2025	2026 Q1Jan 2026	2026 Q2Apr 2026	2026 Q3Jul 2026
Receivables	538	523	591	598	638	652	735	736
Inventory	1,171	1,219	1,244	1,310	1,295	1,338	1,411	1,448
Total current assets	2,062	2,103	2,283	2,386	2,356	2,480	2,636	2,725
Goodwill	3,380	3,491	3,530	3,646	3,662	3,906	4,197	4,356
Total assets	7,593	7,891	8,092	8,532	8,500	9,044	9,592	9,937
Accounts payable	198	208	230	231	231	241	294	297
Deferred revenue (current)	84	77	80	85	80	103	132	134
Total current liabilities	664	618	665	711	832	811	904	1,003
Short-term debt	4	4	4	4	3	3	3	4
Long-term debt	2,225	2,350	2,274	2,444	2,165	2,504	2,584	2,538
Total debt	2,229	2,354	2,278	2,448	2,168	2,508	2,587	2,541
Total liabilities	3,529	3,656	3,620	3,882	3,654	3,998	4,201	4,294
Shareholders' equity	3,637	3,747	3,968	4,141	4,305	4,503	4,772	4,948
Non-controlling interests and other (assets − liabilities − equity)	427	488	504	509	541	543	620	695
Shares outstanding	55m	—	—	55m	55m	—	—	—

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Heico Corp's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Heico Corp.