For the quarter ending 2025-09-30, MEC has $585,582K in assets. $340,812K in debts. $1,217K in cash and cash equivalents.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 1,217 | 206 | ||
| Receivables, net of allowances for doubtful accounts of 342 at september 30, 2025 and 248 at december 31, 2024 | 69,183 | 51,329 | ||
| Inventories, net | 61,219 | 53,947 | ||
| Tooling in progress | 4,646 | 3,778 | ||
| Prepaid expenses and other current assets | 6,020 | 4,468 | ||
| Total current assets | 142,285 | 113,728 | ||
| Total property, plant and equipment, gross | 446,236 | - | ||
| Less accumulated depreciation | 292,950 | - | ||
| Property, plant and equipment, net | 153,286 | 147,313 | ||
| Assets held for sale | 1,402 | 1,402 | ||
| Goodwill | 140,289 | 92,650 | ||
| Intangible assets, net | 114,343 | 48,268 | ||
| Operating lease assets | 32,002 | 28,775 | ||
| Other long-term assets | 1,975 | 1,609 | ||
| Total assets | 585,582 | 433,745 | ||
| Accounts payable | 53,069 | 46,606 | ||
| Current portion of operating lease obligation | 6,644 | 5,258 | ||
| Salaries, wages, and payroll taxes | 6,196 | 7,740 | ||
| Bonuses and deferred compensation | 2,505 | 1,859 | ||
| Other current liabilities | 9,611 | 8,133 | ||
| Total current liabilities | 78,025 | 69,596 | ||
| Bank revolving credit notes | 211,858 | 69,280 | ||
| Operating lease obligation, less current maturities | 27,159 | 25,270 | ||
| Deferred compensation, less current portion | 4,672 | 4,319 | ||
| Deferred income tax liability | 15,218 | 15,756 | ||
| Other long-term liabilities | 3,880 | 2,681 | ||
| Common shares, no par value, 75,000,000 authorized, 22,487,311 shares issued at june 30, 2025 and 22,300,106 at december 31, 2024 | - | 0 | ||
| Total liabilities | 340,812 | 186,902 | ||
| Additional paid-in-capital | 208,452 | 207,850 | ||
| Retained earnings | 56,334 | 59,009 | ||
| Treasury shares at cost, 2,187,334 shares at september 30, 2025 and 1,883,198 at december 31, 2024 | 20,016 | 20,016 | ||
| Total shareholders' equity | 244,770 | 246,843 | ||
| Total liabilities and shareholders' equity | 585,582 | 433,745 | ||
Mayville Engineering Company, Inc. (MEC)
Mayville Engineering Company, Inc. (MEC)