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Houlihan Lokey, Inc. balance sheet

At the end of fiscal 2026, Houlihan Lokey, Inc. had total assets of $4.31bn, total liabilities of $1.86bn and shareholders' equity of $2.34bn. It held $1.19bn in cash against $0 of debt: net cash of $1.19bn.

Balance sheet

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

Fiscal year2017Mar 20172018Mar 20182019Mar 20192020Mar 20202021Mar 20212022Mar 20222023Mar 20232024Mar 20242025Mar 20252026Mar 2026LTMSept 2026
Cash and equivalents3002072863808478347147219711,189837
Goodwill5195295956186711,0701,0881,1271,2851,3961,471
Total assets1,3861,4241,4261,6772,4262,8872,9693,1713,8204,3093,975
Deferred revenue (current)—428272829413348——
Long-term debt3312313756——————
Total debt331231375613400000
Total liabilities6555665356931,0431,4431,3561,3341,6451,8561,557
Shareholders' equity7278538919841,3841,4441,6131,8372,1752,3422,307
Non-controlling interests and other (assets − liabilities − equity)—————————111111
Net debt (negative = net cash)−268−195−255−344−791−700−714−721−971−1,189−837

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 Houlihan Lokey, Inc.'s SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Houlihan Lokey, Inc.