MarketCap
Facebook
X
Telegram
MDU Resources Group Balance Sheet 2025-2006 | MDU
Brief overview of MDU Resources Group's balance sheet structure
The comparison uses five available annual reports from the 2015–2019 interval.
Assets added +15.9%, reaching $7.7 billion from $6.6 billion five periods earlier; annual growth near 3.8% remained solid.
Liabilities followed the scale of the balance sheet: +17.7% versus +15.9% for assets. Leverage did not change materially.
The share of internal funding stands at 37.1% versus 36.2% initially, providing a reasonable foundation.
Net debt equals about 0.76x of equity. The burden is manageable, but further growth would warrant attention.
The cash reserve occupies 0.9% of the balance sheet, previously 1.3%. It is one marker of short-term resilience.
Accumulated earnings ended at $1.3 billion, a change of +34.2%. They remain an important part of the capital base.
Balance sheet takeaway
MDU Resources Group retains a reasonably healthy balance sheet structure, which still needs support from earnings and cash flow.
Annual Balance Sheet MDU Resources Group
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
2.65 B | 2.23 B | 2.07 B | 2.27 B | 2.58 B | 2.19 B | 2.18 B | 2.05 B | 1.68 B | 1.74 B | 1.83 B | 2.01 B | 1.82 B | 1.72 B | 1.26 B | 1.21 B | 1.31 B | 1.52 B | - | - |
Long Term Debt |
2.53 B | 2.13 B | 2.1 B | 2.32 B | 2.59 B | 2.21 B | 2.23 B | 1.86 B | 1.57 B | 1.75 B | 1.63 B | 1.83 B | 1.84 B | 1.61 B | 1.29 B | 1.43 B | 1.49 B | 1.57 B | - | - |
Long Term Debt Current |
145 M | 162 M | 22.9 M | 21.3 M | 35.4 M | 33.7 M | 31.7 M | 252 M | 148 M | 43.6 M | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
4.16 B | 3.67 B | 3.85 B | 4.59 B | 4.44 B | 4.01 B | 3.97 B | 3.44 B | 3.09 B | 3.3 B | 3.16 B | 3.59 B | 3.42 B | 3.18 B | 2.88 B | 1.41 B | 1.27 B | 1.29 B | - | - |
Total Current Liabilities |
685 M | 679 M | 1.08 B | 1.48 B | 1.09 B | 964 M | 866 M | 986 M | 813 M | 670 M | 948 M | 969 M | 785 M | 850 M | 899 M | 768 M | 667 M | 967 M | - | - |
Total Liabilities |
- | - | - | - | - | - | 4.84 B | 4.42 B | 3.91 B | 3.97 B | 4.11 B | 4.56 B | 4.21 B | 4.03 B | 3.78 B | - | - | - | - | - |
Deferred Revenue |
- | - | 202 M | 168 M | 147 M | 159 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
1.11 B | 1.03 B | 1.25 B | 1.95 B | 1.76 B | 1.56 B | 1.34 B | 1.16 B | 1.04 B | 912 M | 996 M | 1.76 B | 1.6 B | 1.46 B | 1.59 B | 1.5 B | 1.38 B | 1.62 B | - | - |
Total Assets |
7.62 B | 7.04 B | 7.83 B | 9.66 B | 8.91 B | 8.05 B | 7.68 B | 6.99 B | 6.33 B | 6.28 B | 6.63 B | 7.81 B | 7.06 B | 6.68 B | 6.56 B | 6.3 B | 5.99 B | 6.59 B | - | - |
Cash and Cash Equivalents |
28.2 M | 66.9 M | 60.5 M | 70.4 M | 54.2 M | 59.5 M | 66.5 M | 53.9 M | 34.6 M | 46.1 M | 83.9 M | 60.5 M | 57.3 M | 49 M | 163 M | 222 M | 175 M | 51.7 M | 106 M | 73.1 M |
Book Value |
7.62 B | 7.04 B | 7.83 B | 9.66 B | 8.91 B | 8.05 B | 2.85 B | 2.57 B | 2.43 B | 2.32 B | 2.52 B | 3.25 B | 2.86 B | 2.65 B | 2.78 B | 6.3 B | 5.99 B | 6.59 B | - | - |
Total Shareholders Equity |
2.77 B | 2.69 B | 2.91 B | 3.59 B | 3.38 B | 3.08 B | 2.85 B | 2.57 B | 2.43 B | 2.32 B | 2.4 B | 3.13 B | 2.82 B | 2.65 B | 2.78 B | 2.69 B | 2.57 B | 2.76 B | - | - |
All numbers in USD currency
Quarterly Balance Sheet MDU Resources Group
| 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | 2010-Q1 | 2009-Q3 | 2009-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
2.38 B | 2.19 B | 2.05 B | 2.03 B | 2.23 B | 2.21 B | 2.19 B | 2.28 B | 2.25 B | 2.19 B | 2.32 B | 2.19 B | 2 B | 2.6 B | 2.59 B | 2.33 B | 2.34 B | 2.25 B | 2.21 B | 2.21 B | 2.21 B | 2.21 B | 2.23 B | 2.23 B | 2.23 B | 2.23 B | 1.86 B | 1.86 B | 1.86 B | 1.86 B | 1.57 B | 1.57 B | 1.57 B | 1.57 B | 1.75 B | 1.75 B | 1.75 B | 1.75 B | 1.56 B | 1.94 B | 1.56 B | 1.62 B | 1.83 B | 1.83 B | 1.83 B | 1.83 B | 1.84 B | 1.84 B | 1.84 B | 1.84 B | 1.61 B | 1.61 B | 1.61 B | 1.61 B | 1.29 B | 1.29 B | 1.29 B | 1.29 B | 1.44 B | 1.51 B | 1.43 B | 1.47 B | 1.64 B |
Total Non Current Liabilities |
4.06 B | 3.8 B | 3.62 B | 3.58 B | 3.83 B | 3.79 B | 3.94 B | 3.94 B | 3.85 B | 4.63 B | 4.59 B | 4.65 B | 4.56 B | 4.44 B | 4.44 B | 4.16 B | 4.16 B | 4.07 B | 4.01 B | 4.01 B | 4.01 B | 4.01 B | 3.97 B | 3.97 B | 3.97 B | 3.97 B | 1.58 B | 1.58 B | 1.58 B | 1.58 B | 1.53 B | 1.53 B | 1.53 B | 1.53 B | 1.55 B | 1.55 B | 1.55 B | 1.55 B | 1.54 B | 1.57 B | 1.57 B | 1.53 B | 1.77 B | 1.77 B | 1.77 B | 1.77 B | 1.58 B | 1.58 B | 1.58 B | 1.58 B | 1.57 B | 1.57 B | 1.57 B | 1.57 B | 1.6 B | 1.6 B | 1.6 B | 1.6 B | 1.39 B | 1.34 B | 1.28 B | 1.24 B | 1.09 B |
Deferred Revenue |
- | - | - | - | 227 M | 193 M | 188 M | 184 M | 166 M | 203 M | 168 M | 216 M | - | 154 M | 179 M | 153 M | 146 M | 143 M | 159 M | 159 M | 159 M | 159 M | 143 M | 143 M | 143 M | 143 M | 93.9 M | 93.9 M | 93.9 M | 93.9 M | 84.1 M | 84.1 M | 84.1 M | 71.5 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
1.16 B | 1.06 B | 1.07 B | 1.08 B | 1.4 B | 1.36 B | 1.33 B | 1.11 B | 1.06 B | 1.94 B | 1.95 B | 1.88 B | 1.78 B | 1.75 B | 1.76 B | 1.72 B | 1.62 B | 1.57 B | 1.56 B | 1.56 B | 1.56 B | 1.56 B | 1.34 B | 1.34 B | 1.34 B | 1.34 B | 1.16 B | 1.16 B | 1.16 B | 1.16 B | 1.04 B | 1.04 B | 1.04 B | 1.04 B | 912 M | 912 M | 912 M | 912 M | 996 M | 996 M | 996 M | 996 M | 1.76 B | 1.76 B | 1.76 B | 1.76 B | 1.6 B | 1.6 B | 1.6 B | 1.6 B | 1.46 B | 1.46 B | 1.46 B | 1.46 B | 1.59 B | 1.59 B | 1.59 B | 1.59 B | 1.44 B | 1.41 B | 1.39 B | 1.33 B | 1.27 B |
Total Assets |
7.68 B | 7.19 B | 6.95 B | 6.96 B | 8.17 B | 7.96 B | 7.84 B | 7.87 B | 7.68 B | 9.84 B | 9.65 B | 9.61 B | 9.32 B | 8.97 B | 8.91 B | 8.57 B | 8.3 B | 8.07 B | 8.05 B | 8.05 B | 8.05 B | 8.05 B | 7.68 B | 7.68 B | 7.68 B | 7.68 B | 6.99 B | 6.99 B | 6.99 B | 6.99 B | 6.33 B | 6.33 B | 6.33 B | 6.33 B | 6.28 B | 6.28 B | 6.28 B | 6.28 B | 6.57 B | 6.6 B | 6.6 B | 6.62 B | 7.81 B | 7.83 B | 7.83 B | 7.81 B | 7.07 B | 7.06 B | 7.06 B | 7.06 B | 6.68 B | 6.68 B | 6.68 B | 6.68 B | 6.56 B | 6.56 B | 6.56 B | 6.56 B | 6.22 B | 6.11 B | 5.98 B | 5.87 B | 5.82 B |
Cash and Cash Equivalents |
53.3 M | 75.9 M | 58.8 M | 59.5 M | 88.3 M | 78.8 M | 72.7 M | 32.5 M | 50.8 M | 86 M | 70.4 M | 57.9 M | 53.7 M | 64.9 M | 54.2 M | 57.2 M | 57.9 M | 55.1 M | 59.5 M | 59.5 M | 59.5 M | 59.5 M | 66.5 M | 66.5 M | 66.5 M | 66.5 M | 53.9 M | 53.9 M | 53.9 M | 53.9 M | 34.6 M | 34.6 M | 34.6 M | 34.6 M | 46.1 M | 46.1 M | 46.1 M | 46.1 M | 83.9 M | 83.9 M | 83.9 M | 84.6 M | 60.5 M | 81.9 M | 81.9 M | 81.9 M | 52.6 M | 45.2 M | 45.2 M | 45.2 M | 49 M | 49 M | 49 M | 49 M | 163 M | 163 M | 163 M | 163 M | 36.3 M | 65.8 M | 107 M | 61.4 M | 34.3 M |
Book Value |
7.68 B | 7.19 B | 6.95 B | 6.96 B | 8.17 B | 7.96 B | 7.84 B | 7.87 B | 7.68 B | 9.84 B | 9.65 B | 9.61 B | 9.32 B | 8.97 B | 8.91 B | 8.57 B | 8.3 B | 8.07 B | 8.05 B | 8.05 B | 8.05 B | 8.05 B | 7.68 B | 7.68 B | 7.68 B | 7.68 B | 6.99 B | 6.99 B | 6.99 B | 6.99 B | 6.33 B | 6.33 B | 6.33 B | 6.33 B | 6.28 B | 6.28 B | 6.28 B | 6.28 B | 6.57 B | 6.6 B | 6.6 B | 6.62 B | 7.81 B | 7.83 B | 7.83 B | 7.81 B | 7.07 B | 7.06 B | 7.06 B | 7.06 B | 6.68 B | 6.68 B | 6.68 B | 6.68 B | 6.56 B | 6.56 B | 6.56 B | 6.56 B | 6.22 B | 6.11 B | 5.98 B | 5.87 B | 5.82 B |
Total Shareholders Equity |
2.9 B | 2.72 B | 2.73 B | 2.74 B | 3.06 B | 3.02 B | 2.98 B | 2.76 B | 2.71 B | 3.58 B | 3.59 B | 3.49 B | 3.39 B | 3.36 B | 3.38 B | 3.33 B | 3.2 B | 3.1 B | 3.08 B | 3.08 B | 3.08 B | 3.08 B | 2.85 B | 2.85 B | 2.85 B | 2.85 B | 2.57 B | 2.57 B | 2.57 B | 2.57 B | 2.43 B | 2.43 B | 2.43 B | 2.43 B | 2.32 B | 2.32 B | 2.32 B | 2.32 B | 2.4 B | 2.4 B | 2.4 B | 2.4 B | 3.13 B | 3.13 B | 3.13 B | 3.13 B | 2.82 B | 2.82 B | 2.82 B | 2.82 B | 2.65 B | 2.65 B | 2.65 B | 2.65 B | 2.78 B | 2.78 B | 2.78 B | 2.78 B | 2.66 B | 2.63 B | 2.61 B | 2.52 B | 2.41 B |
All numbers in USD currency
Balance Sheet is a fundamental financial report of MDU Resources Group, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
USA
Canada
Peru
Mexico
Irlanda
China
Argentina
Israel
Colombia
