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MRC Global Balance Sheet 2024-2008 | MRC
Brief overview of MRC Global 's balance sheet structure
The comparison uses five available annual reports from the 2015–2019 interval.
Assets finished at $2.3 billion versus $2.5 billion initially, losing -7.1%. The balance sheet contracted.
Asset growth of -7.1% came with a +11.6% rise in liabilities. Financial leverage became more prominent.
Equity finances 27.6% of the balance sheet, compared with 38.2% at the start. The cushion remains adequate.
Net debt to equity stands at 0.81x; debt servicing is an important part of overall resilience.
The cash share moved from 2.8% to 1.4%. A higher figure generally provides more room in an adverse scenario.
Retained earnings remain negative at -$483 million. This may reflect past losses or substantial shareholder distributions, so earnings and buybacks provide important context.
Overall picture
MRC Global has limited balance sheet resilience and depends heavily on cash generation and refinancing capacity.
Annual Balance Sheet MRC Global
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
352 M | -90 M | 341 M | 280 M | 297 M | 519 M | 641 M | 478 M | 305 M | 455 M | 1.43 B | 962 M | 1.22 B | 1.48 B | 1.3 B | - | - |
Long Term Debt |
384 M | 9 M | 337 M | 295 M | 379 M | 547 M | 680 M | 522 M | 406 M | 516 M | 1.45 B | 979 M | 1.25 B | 1.53 B | 1.36 B | - | - |
Long Term Debt Current |
31 M | 32 M | 36 M | 33 M | 37 M | 34 M | 4 M | 4 M | 8 M | 7.94 M | 7.94 M | 7.94 M | 6.5 M | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | 842 M | 818 M | 664 M | 613 M | 746 M | 1.69 B | 1.24 B | 1.53 B | 1.83 B | 1.68 B | - | - |
Total Current Liabilities |
508 M | 783 M | 564 M | 436 M | 399 M | 486 M | 569 M | 562 M | 433 M | 444 M | 784 M | 762 M | 650 M | 673 M | 618 M | - | - |
Total Liabilities |
- | - | - | - | - | 1.33 B | 1.39 B | 1.23 B | 1.05 B | 1.19 B | 2.48 B | 2 B | 2.18 B | 2.51 B | - | - | - |
Deferred Revenue |
16 M | 7 M | - | - | - | - | - | - | - | - | - | - | 1.57 M | 4.45 M | 18.1 M | - | - |
Retained Earnings |
-652 M | -678 M | -768 M | -819 M | -781 M | -483 M | -498 M | -548 M | -574 M | -467 M | -123 M | -267 M | -419 M | -537 M | -566 M | - | - |
Total Assets |
1.62 B | 1.89 B | 1.9 B | 1.67 B | 1.78 B | 2.32 B | 2.43 B | 2.34 B | 2.16 B | 2.5 B | 3.87 B | 3.34 B | 3.37 B | 3.23 B | 2.99 B | - | - |
Cash and Cash Equivalents |
63 M | 131 M | 32 M | 48 M | 119 M | 32 M | 43 M | 48 M | 109 M | 69 M | 25.1 M | 25.2 M | 37.1 M | 46.1 M | 56.2 M | 56.2 M | 12.1 M |
Book Value |
1.62 B | 1.89 B | 1.9 B | 1.67 B | 1.78 B | 997 M | 1.05 B | 1.11 B | 1.12 B | 1.31 B | 1.4 B | 1.34 B | 1.19 B | 721 M | 2.99 B | - | - |
Total Shareholders Equity |
516 M | 488 M | 386 M | 323 M | 350 M | 642 M | 692 M | 759 M | 763 M | 956 M | 1.4 B | 1.34 B | 1.19 B | 721 M | 690 M | 744 M | 987 M |
All numbers in USD currency
Quarterly Balance Sheet MRC Global
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
472 M | 445 M | 367 M | 85 M | 152 M | - | 300 M | 368 M | 387 M | 337 M | 338 M | 353 M | 300 M | 295 M | 323 M | 296 M | 277 M | 379 M | 379 M | 379 M | 379 M | 547 M | 547 M | 547 M | 547 M | 680 M | 680 M | 680 M | 680 M | 522 M | 522 M | 522 M | 522 M | 406 M | 406 M | 406 M | 406 M | 511 M | 511 M | 511 M | 511 M | 1.45 B | 1.45 B | 1.45 B | 1.45 B | 979 M | 979 M | 979 M | 979 M | 1.25 B | 1.25 B | 1.25 B | 1.25 B | 1.53 B | 1.53 B | 1.53 B | 1.53 B |
Total Non Current Liabilities |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.34 B | 1.53 B | 1.57 B | 1.65 B | 1.92 B | 1.83 B | 1.83 B | 1.83 B | 1.83 B |
Deferred Revenue |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.32 M | 1.57 M | 2.54 M | 4.29 M | 2.44 M | 4.45 M | 4.45 M | 4.45 M | 4.45 M |
Retained Earnings |
-670 M | -661 M | -674 M | -618 M | -641 M | - | -693 M | -722 M | -740 M | -768 M | -783 M | -801 M | -809 M | -819 M | -809 M | -792 M | -790 M | -781 M | -781 M | -781 M | -781 M | -483 M | -483 M | -483 M | -483 M | -498 M | -498 M | -498 M | -498 M | -548 M | -548 M | -548 M | -548 M | -574 M | -574 M | -574 M | -574 M | -467 M | -467 M | -467 M | -467 M | -123 M | -123 M | -123 M | -123 M | -267 M | -267 M | -267 M | -267 M | -419 M | -419 M | -419 M | -419 M | -537 M | -537 M | -537 M | -537 M |
Total Assets |
1.8 B | 1.77 B | 1.7 B | 1.76 B | 1.79 B | - | 1.96 B | 2 B | 2.02 B | 1.9 B | 1.92 B | 1.86 B | 1.79 B | 1.67 B | 1.72 B | 1.74 B | 1.83 B | 1.78 B | 1.78 B | 1.78 B | 1.78 B | 2.32 B | 2.32 B | 2.32 B | 2.32 B | 2.43 B | 2.43 B | 2.43 B | 2.43 B | 2.34 B | 2.34 B | 2.34 B | 2.34 B | 2.16 B | 2.16 B | 2.16 B | 2.16 B | 2.5 B | 2.5 B | 2.5 B | 2.5 B | 3.88 B | 3.87 B | 3.87 B | 3.87 B | 3.34 B | 3.34 B | 3.34 B | 3.34 B | 3.37 B | 3.37 B | 3.37 B | 3.37 B | 3.23 B | 3.23 B | 3.23 B | 3.23 B |
Cash and Cash Equivalents |
59 M | 75 M | 63 M | 62 M | 49 M | - | 52 M | 31 M | 39 M | 32 M | 29 M | 21 M | 31 M | 48 M | 47 M | 63 M | 132 M | 119 M | 119 M | 119 M | 119 M | 32 M | 32 M | 32 M | 32 M | 43 M | 29 M | 31 M | 45 M | 48 M | 48 M | 48 M | 48 M | 109 M | 109 M | 109 M | 109 M | 69 M | 69 M | 69 M | 69 M | 25 M | 25.1 M | 25.1 M | 25.1 M | 25 M | 25.2 M | 25.2 M | 25.2 M | 37.1 M | 37.1 M | 37.1 M | 37.1 M | 46.1 M | 46.1 M | 46.1 M | 46.1 M |
Book Value |
1.8 B | 1.77 B | 1.7 B | 1.76 B | 1.79 B | - | 1.96 B | 2 B | 2.02 B | 1.9 B | 1.92 B | 1.86 B | 1.79 B | 1.67 B | 1.72 B | 1.74 B | 1.83 B | 1.78 B | 1.78 B | 1.78 B | 1.78 B | 2.32 B | 2.32 B | 2.32 B | 2.32 B | 2.43 B | 2.43 B | 2.43 B | 2.43 B | 2.34 B | 2.34 B | 2.34 B | 2.34 B | 2.16 B | 2.16 B | 2.16 B | 2.16 B | 2.5 B | 2.5 B | 2.5 B | 2.5 B | 3.88 B | 3.87 B | 3.87 B | 3.87 B | 3.34 B | 3.34 B | 3.34 B | 3.34 B | 3.37 B | 3.37 B | 3.37 B | 3.37 B | 3.23 B | 3.23 B | 3.23 B | 3.23 B |
Total Shareholders Equity |
531 M | 536 M | 525 M | 557 M | 523 M | 495 M | 463 M | 435 M | 412 M | 386 M | 363 M | 347 M | 339 M | 323 M | 331 M | 347 M | 344 M | 350 M | 350 M | 350 M | 350 M | 642 M | 642 M | 642 M | 642 M | 692 M | 692 M | 692 M | 692 M | 759 M | 759 M | 759 M | 759 M | 763 M | 763 M | 763 M | 763 M | 956 M | 956 M | 956 M | 956 M | 1.4 B | 1.4 B | 1.4 B | 1.4 B | 1.34 B | 1.34 B | 1.34 B | 1.34 B | 1.19 B | 1.19 B | 1.19 B | 1.19 B | 721 M | 721 M | 721 M | 721 M |
All numbers in USD currency
Balance Sheet is a fundamental financial report of MRC Global , 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.
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