NRC Health balance sheet

At the end of fiscal 2025, NRC Health had total assets of $135m, total liabilities of $121m and shareholders' equity of $14.0m. It held $4.1m in cash against $83.0m of debt: net debt of $78.9m.

Balance sheet

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

NRC Health: balance sheet, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	3	4	8	8	22	40	42	33	35	13	14	35	54	25	7	4	4	3
Receivables	—	9	11	12	11	8	10	11	15	12	12	14	14	14	12	11	11	9
Total current assets	—	17	22	24	37	53	55	47	52	28	29	54	74	44	24	20	20	23
Goodwill	—	55	58	58	58	58	58	58	58	58	58	57	62	62	62	66	66	66
Total assets	—	96	101	100	111	130	128	121	127	108	111	133	158	130	122	133	135	136
Accounts payable	—	1	1	0	1	1	1	1	1	1	1	1	2	1	1	1	1	1
Deferred revenue (current)	—	18	17	16	14	15	15	15	17	16	16	16	17	15	15	16	16	17
Total current liabilities	—	26	24	35	24	28	44	32	32	47	38	32	40	33	36	36	37	35
Short-term debt	—	—	—	12	2	2	2	3	1	—	—	—	—	—	—	—	4	4
Long-term debt	—	14	14	12	8	6	3	1	1	34	30	27	27	22	29	58	75	86
Total debt	0	14	14	12	13	10	8	6	2	42	39	35	31	27	44	63	83	94
Total liabilities	—	47	45	43	39	42	54	38	37	89	78	69	72	58	73	101	121	130
Shareholders' equity	44	49	56	57	72	88	74	83	90	19	33	64	85	72	49	31	14	7
Net debt (negative = net cash)	−3	11	6	4	−10	−30	−34	−27	−33	29	25	0	−23	2	37	58	79	91
Shares outstanding	—	7m	7m	7m	—	—	—	—	21m	25m	25m	25m	25m	25m	24m	23m	23m	22m

US$ millions unless shown otherwise. Fiscal quarters.

NRC Health: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	11	11	11	12	13	11	11	9
Total current assets	21	20	20	25	20	20	20	23
Goodwill	66	66	66	66	66	66	66	66
Total assets	132	133	135	141	136	135	135	136
Accounts payable	3	1	2	1	1	1	2	1
Deferred revenue (current)	17	16	16	16	18	16	17	17
Total current liabilities	44	36	38	36	39	37	38	35
Short-term debt	—	—	—	—	—	4	—	4
Long-term debt	45	58	59	77	76	75	74	86
Total debt	45	58	59	77	76	79	74	90
Total liabilities	97	101	106	120	121	121	121	130
Shareholders' equity	35	31	30	21	14	14	13	7
Shares outstanding	23m	23m	23m	23m	23m	23m	23m	22m

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 NRC Health's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to NRC Health.