What are Morningstar's total assets?

Morningstar (MORN) holds $4.0B in total assets, up 11.2% year over year.

How much debt does Morningstar have?

Morningstar carries $1.9B in total debt against $1.0B of shareholders' equity, a debt-to-equity ratio of 1.89.

How much cash does Morningstar have?

Morningstar holds $492.8M in cash and equivalents.

Can Morningstar cover its short-term obligations?

Its current ratio is 1.03 — current assets exceed current liabilities.

Where does Morningstar's balance sheet data come from?

Every line is extracted from Morningstar's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Morningstar MORN Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Cash and cash equivalents	$492.8M-3.7%	$474.5M-5.6%	$474.2M-14.2%	$503.5M+28.7%	$511.5M+44.6%
Short-term investments	$39.4M-17.4%	$54.2M+12.2%	$40.3M-17.4%	$38.1M-20.6%	$47.7M-13.9%
Accounts receivable, net	$402.6M+17.7%	$390.4M+9.0%	$363.9M+10.8%	$384M+14.1%	$342.1M+4.9%
Prepaid expenses and other current assets	$36.5M-1.9%	$35.4M-9.7%	$34.9M-14.7%	$38.6M-4.7%	$37.2M-10.6%
Income taxes receivable	$15.4M+63.8%	$16.2M+30.6%	$12.9M—	$18M—	$9.4M—
Total current assets	$1.06B+5.0%	$1.04B+2.4%	$979.2M-4.3%	$1.04B+19.0%	$1.01B+21.9%
Property and equipment, net	$234.8M+6.0%	$231.9M+5.9%	$225.9M+6.4%	$225.6M+7.3%	$221.6M+5.1%
Accumulated depreciation	$930.2M+13.2%	$899.9M+13.9%	$821.5M+4.0%	$821.5M+8.3%	$821.5M+10.8%
Operating lease right-of-use assets	4.7%+0.2%	15,900,000,000%-2,220,000,000%	4.6%+0.4%	4.5%+0.5%	4.5%+0.6%
Goodwill	$1.75B+9.1%	$1.61B+3.1%	$1.61B+2.2%	$1.62B+3.1%	$1.6B+1.7%
Intangible assets, net	$591.4M+40.7%	$379.3M-7.2%	$396M-8.4%	$413.3M-6.7%	$420.4M-9.3%
Deferred tax assets	$21.5M-27.9%	$27.2M-1.4%	$27.2M-9.0%	$29.9M-1.6%	$29.8M-9.1%
Other non-current assets	$29.8M+8.0%	$30.1M+13.2%	$29.5M+7.3%	$28.8M+3.6%	$27.6M-8.0%
Equity method investments	$44.4M+5.7%	$44M-48.4%	$42.5M-16.0%	$42.8M-16.9%	$42M-17.2%
Total assets	$3.99B+11.2%	$3.59B+1.2%	$3.56B-0.2%	$3.63B+6.7%	$3.59B+5.8%
Accrued expenses	$144.9M+9.3%	$294.2M+8.1%	$231M+6.9%	$179.5M+8.0%	$132.6M+7.9%
Deferred revenue	$1.7B+176%	$586.1M+8.4%	$584.9M+4.0%	$616.1M+7.7%	$617M+4.6%
Current portion of long-term debt	$18.2M—	$0—	——	——	——
Operating lease liabilities, current	$42.7M+13.3%	$41.8M+19.1%	$39.9M+23.9%	$39.3M+22.8%	$37.7M+8.6%
Short-term borrowings	$18.2M—	$0—	——	——	——
Contract liabilities	$690.6M+13.8%	$21M-6.3%	——	——	$607.1M—
Income taxes payable	$43.1M-7.7%	$24M-21.3%	$9.6M-35.1%	$8M—	$46.7M+187%
Total current liabilities	$1.03B+13.0%	$1.05B+8.9%	$945.5M+5.5%	$921M+10.0%	$912.3M+7.7%
Long-term debt	$1.71B+113%	$1.07B+53.5%	$848.9M-1.8%	$838.8M-6.8%	$803.7M-15.3%
Operating lease liabilities, non-current	$151M-6.6%	$146.7M-13.9%	$153.8M+5.6%	$155.9M+14.1%	$161.7M+12.4%
Operating Lease Liabilities (Total)	$193.7M-2.9%	$188.5M-8.2%	$193.7M+8.9%	$195.2M+15.8%	$199.4M+11.7%
Other non-current liabilities	$14.4M+12.5%	$14.3M+25.4%	$13.7M-31.8%	$13.7M-26.3%	$12.8M-27.3%
Total liabilities	$2.97B+50.1%	$2.37B+22.7%	$2.04B+2.1%	$2.02B+2.3%	$1.98B-1.5%
Common stock	200M0.0%	200M—	200M0.0%	200M0.0%	200M0.0%
Additional paid-in capital	$892.5M+5.3%	$869.5M+5.7%	$861.4M+6.4%	$853M+5.7%	$847.8M+4.9%
Retained earnings	$2.29B+16.6%	$2.21B+15.6%	$2.11B+16.5%	$2.04B+19.2%	$1.97B+18.7%
Accumulated other comprehensive income (loss)	-$79.4M+22.5%	-$68.1M+43.0%	-$71.4M+3.8%	-$60.7M+38.4%	-$102.4M-5.5%
Treasury stock	$2.09B+89.1%	$1.79B+79.7%	$1.39B+41.3%	$1.22B+23.6%	$1.1B+12.1%
Total stockholders' equity	$1.02B-36.7%	$1.22B-24.5%	$1.51B-3.3%	$1.61B+12.6%	$1.61B+16.3%
Total liabilities and stockholders' equity	$3.99B+11.2%	$3.59B+1.2%	$3.56B-0.2%	$3.63B+6.7%	$3.59B+5.8%
Allowance for Doubtful Accounts	$7.4M-12.9%	$7.1M0.0%	$6.3M-22.2%	$7.2M-4.0%	$8.5M+39.3%
Allowance for Doubtful Accounts Receivable (Current)	$7.4M-12.9%	$7.1M0.0%	$6.3M-22.2%	$7.2M-4.0%	$8.5M+39.3%
Capitalized Contract Costs, Current	$36.5M-1.9%	$35.4M-9.7%	$34.9M-14.7%	$38.6M-4.7%	$37.2M-10.6%
Deferred costs	$36.5M-1.9%	$35.4M-9.7%	$34.9M-14.7%	$38.6M-4.7%	$37.2M-10.6%
Short- term Investments	$39.4M-17.4%	$54.2M+12.2%	$40.3M-17.4%	$38.1M-20.6%	$47.7M-13.9%
Other current assets	$19.5M+78.9%	$24.8M+119%	$11.2M+43.6%	$10.8M-25.0%	$10.9M+114%
Trading Securities in Marketable Securities	$44.4M+5.7%	$44M+7.1%	$42.5M-16.0%	$42.8M-16.9%	$42M-17.2%
Capitalized Contract Costs, Net	$66.3M+2.3%	$65.5M-0.5%	$64.4M-5.8%	$67.4M-1.3%	$64.8M-9.5%
Deferred Tax Assets and Other Non-Current Assets	$17.5M+92.3%	$12.1M+37.5%	$10.4M+46.5%	$8.7M+17.6%	$9.1M+11.0%
Equity Securities Without Readily Determinable Fair Value - Cumulative Downward Adjustments	$44.4M+5.7%	$44M+7.1%	$42.5M-16.0%	$42.8M-16.9%	$42M-17.2%
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)	$66.2M+47.1%	——	$45.9M-0.4%	$46.3M+1.8%	$45M-1.3%
Finite-Lived Intangible Assets - Expected Amortization Expense (Year Five)	$263.2M+42.8%	——	$185.3M-15.7%	$185.6M-15.2%	$184.3M-15.9%
Finite Lived Intangible Assets - Gross	$1.23B+23.7%	$1B+4.2%	$1.01B+2.2%	$1.01B+3.8%	$992.8M-1.0%
Investments - Amortized Cost Basis	$44.4M+5.7%	$44M+7.1%	$42.5M-16.0%	$42.8M-16.9%	$42M-17.2%
Net Investment in Lease	$166M-3.5%	$159M-12.3%	$164.4M+4.4%	$164.5M+11.1%	$172.1M+10.0%
Deferred costs	$29.8M+8.0%	$30.1M+13.2%	$29.5M+7.3%	$28.8M+3.6%	$27.6M-8.0%
Deferred tax assets	$86M+87.4%	$78.7M+82.2%	$65.7M+113%	$51.9M+114%	$45.9M+133%
Intangible assets — net	$591.4M+40.7%	$379.3M-7.2%	$396M-8.4%	$413.3M-6.7%	$420.4M-9.3%
Investments	$50.3M-34.0%	$50.3M-41.0%	$71.8M-25.2%	$77.2M-20.7%	$76.2M-20.7%
Operating lease right-of-use assets	$166M-3.5%	$159M-12.3%	$164.4M+4.4%	$164.5M+11.1%	$172.1M+10.0%
Other non-current assets	$17.5M+92.3%	$12.1M+37.5%	$10.4M+46.5%	$8.7M+17.6%	$9.1M+11.0%
Operating Lease Right-of-Use Assets in Other Assets	$166M-3.5%	$159M-12.3%	$164.4M+4.4%	$164.5M+11.1%	$172.1M+10.0%
Software and Technology Licenses, Net	$17.5M+92.3%	$12.1M+37.5%	$10.4M+46.5%	$8.7M+17.6%	$9.1M+11.0%
Accrued Manufacturing Costs	$144.9M+9.3%	$294.2M+8.1%	$231M+6.9%	$179.5M+8.0%	$132.6M+7.9%
Accounts payable and accrued liabilities	$104.6M+13.0%	$97.9M+12.1%	$90.4M+12.4%	$90.2M+17.0%	$92.6M+28.6%
Deferred income	$669.3M+12.4%	$586.1M+8.4%	$563.9M+4.5%	$594.2M+8.4%	$595.3M+5.3%
Compensation and benefits	$144.9M+9.3%	$294.2M+8.1%	$231M+6.9%	$179.5M+8.0%	$132.6M+7.9%
Other accrued liabilities	$7.9M+6.8%	$9.3M+564%	$10.7M-61.5%	$9.8M-29.5%	$7.4M-62.8%
Operating Lease Liability Payments - 2024 (Lessee)	$44.6M-0.7%	——	$48.1M+19.4%	$46.2M+26.6%	$44.9M+23.4%
Operating Lease Liability Payments - 2025 (Lessee)	$26.5M-18.2%	——	$35.2M+3.8%	$32.9M+5.1%	$32.4M+3.5%
Lease Liability Payments - Due Year Two	$44.6M-0.7%	——	$48.1M+19.4%	$46.2M+26.6%	$44.9M+23.4%
Lease Liability Payments - Due Year Three	$37.6M-2.6%	——	$41.5M-3.0%	$39.3M+1.0%	$38.6M-0.8%
Lease Liability Payments - Due Year Four	$26.5M-18.2%	——	$35.2M+3.8%	$32.9M+5.1%	$32.4M+3.5%
Lease Liability Payments - Remainder of Fiscal Year	$37.3M+9.4%	——	$11.2M+20.4%	$24.5M+16.1%	$34.1M+4.3%
Operating Lease Liability Payments Due	$225.2M-2.8%	——	$223.9M+11.1%	$225.8M+19.7%	$231.6M+15.6%
Operating Lease Liability - Undiscounted Excess Amount	$31.5M-2.2%	——	$30.2M+27.4%	$30.6M+52.2%	$32.2M+47.7%
Operating Lease Liability Payments - 2026 (Lessee)	$37.6M-2.6%	——	$41.5M-3.0%	$39.3M+1.0%	$38.6M-0.8%
Operating Lease Liability Payments - 2027 (Lessee)	$20M-5.7%	——	$23.9M-11.2%	$21.5M-13.0%	$21.2M-13.8%
Operating Lease Liability Payments - 2028 (Lessee)	$26.5M-18.2%	——	$35.2M+3.8%	$32.9M+5.1%	$32.4M+3.5%
Operating Lease Liability Payments - 2029 (Lessee)	$20M-5.7%	——	$23.9M-11.2%	$21.5M-13.0%	$21.2M-13.8%
Lease Liability Payments - Due After Year Five	$59.2M-2.0%	——	$64M+32.2%	$61.4M+69.6%	$60.4M+65.9%
Operating Lease Liability Payments - Thereafter (Lessee)	$59.2M-2.0%	——	$64M+32.2%	$61.4M+69.6%	$60.4M+65.9%
Deferred income	$21.3M-1.8%	$21M-6.3%	$21M-9.1%	$21.9M-8.0%	$21.7M-12.1%
Total debt	$1.92B+91.9%	$1.26B+39.5%	$1.04B0.0%	$1.03B-3.2%	$1B-13.5%
Unrecognized Tax Benefits	$12.9M+9.3%	$12.3M+10.8%	$12.5M-13.8%	$12.3M-10.9%	$11.8M-11.9%
Unrecognized Tax Benefits - Impacting Effective Tax Rate	$12.9M+9.3%	$12.3M+10.8%	$12.5M-13.8%	$12.3M-10.9%	$11.8M-11.9%
Additional paid-in capital	$892.5M+5.3%	$869.5M+5.7%	$861.4M+6.4%	$853M+5.7%	$847.8M+4.9%
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$0—	$0—	$0—	$0—	$0—
Treasury Stock, Value	$2.09B+89.1%	$1.79B+79.7%	$1.39B+41.3%	$1.22B+23.6%	$1.1B+12.1%
Share Repurchase Authorization Limit	$400M+6.0%	——	$85.3M-82.9%	$265.4M-46.8%	$377.4M-24.3%
Share Repurchase Program - Amount Remaining	$400M+6.0%	——	$85.3M-82.9%	$265.4M-46.8%	$377.4M-24.3%
Deferred Revenue Timing Percentage	58%—	——	——	——	——
Allowance for doubtful accounts	$7.4M-12.9%	$7.1M0.0%	$6.3M-22.2%	$7.2M-4.0%	$8.5M+39.3%
Business Combination, Recognized Asset Acquired, Other Asset, Current and Non-current	$15.1M—	——	——	——	——
Capitalized Contract Cost, Net	$66.3M+2.3%	$65.5M-0.5%	$64.4M-5.8%	$67.4M-1.3%	$64.8M-9.5%
Common stock, no par value (in dollars per share)	$0.00—	$0.00—	$0.00—	$0.00—	$0.00—
Common stock, shares authorized (in shares)	$200M0.0%	$200M0.0%	$200M0.0%	$200M0.0%	$200M0.0%
Common Stock, Shares, Outstanding	$38.03M-10.5%	$39.74M-7.3%	$41.51M-3.2%	$42.18M-1.5%	$42.5M-0.6%
Contract with Customer, Asset, after Allowance for Credit Loss	$468.9M+15.2%	$455.9M+7.5%	$428.3M+7.9%	$451.4M+11.5%	$406.9M+2.3%
Contract with Customer, Liability	$690.6M+13.8%	——	——	——	$607.1M—
Decrease in income tax expense upon recognition of gross unrecognized tax benefits	$12.4M+7.8%	$11.9M+9.2%	$12.2M-14.1%	$11.9M-11.9%	$11.5M-12.2%
Deferred income taxes	$21.5M-27.9%	$27.2M-1.4%	$27.2M-9.0%	$29.9M-1.6%	$29.8M-9.1%
Accrued compensation	$20.3M-10.2%	$20.1M-4.3%	$20M-5.7%	$21.7M-7.3%	$22.6M-3.0%
Trading securities, cost	$44.4M+5.7%	$44M+7.1%	$42.5M-16.0%	$42.8M-16.9%	$42M-17.2%
Finite-Lived Intangible Assets, Accumulated Amortization	$636.8M+11.3%	$623.8M+12.6%	$612.5M+10.5%	$600.8M+12.5%	$572.4M+6.1%
2028	$73.3M+32.1%	——	$56.6M0.0%	$57M+2.0%	$55.5M-2.1%
2030	$66.2M+47.1%	——	$45.9M-0.4%	$46.3M+1.8%	$45M-1.3%
2031	$60.4M+43.8%	——	$42.8M+1.7%	$43.1M+3.6%	$42M+0.7%
2027	$59M+32.0%	——	$15.4M+1.3%	$30.9M+6.2%	$44.7M-5.5%
2029	$69.3M+41.7%	——	$50M-5.3%	$50.4M-3.3%	$48.9M-7.6%
Finite Lived Intangible Assets Amortization Expense After Year Five	$263.2M+42.8%	——	$185.3M-15.7%	$185.6M-15.2%	$184.3M-15.9%
Gross Carrying Amount	$1.23B+23.7%	$1B+4.2%	$1.01B+2.2%	$1.01B+3.8%	$992.8M-1.0%
Tax receivable within other current assets	$15.4M+63.8%	$16.2M+30.6%	$12.9M—	$18M—	$9.4M—
Lessee Operating Lease Liability Payments Due	$225.2M-2.8%	——	$223.9M+11.1%	$225.8M+19.7%	$231.6M+15.6%
Lessee Operating Lease Liability Undiscounted Excess Amount	$31.5M-2.2%	——	$30.2M+27.4%	$30.6M+52.2%	$32.2M+47.7%
Letters of Credit, Maximum Amount	——	$50M—	——	——	——
Long-term debt, outstanding	$1.4B+208%	——	$499.8M-3.1%	$489.8M-11.1%	$454.8M-24.3%
Operating Lease Weighted Average Discount Rate Percent	$0.05+4.4%	——	$0.05+9.5%	$0.05+12.5%	$0.05+15.4%
Prepaid expenses	$57.1M+6.7%	$42.5M+1.0%	$41.8M-5.0%	$49.3M+8.8%	$53.5M+10.1%
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied	$1.7B+82.1%	——	$391.3M+7.2%	$703.2M+7.7%	$933.4M+7.4%
Share Repurchase Program, Remaining Authorized, Amount	$400M+6.0%	——	$85.3M-82.9%	$265.4M-46.8%	$377.4M-24.3%
Swingline Facility Sublimit	——	$100M—	——	——	——
Total Liability For Unrecognized Tax Benefits	$13.9M+10.3%	$13.1M+11.0%	$13.6M-18.1%	$13.2M-15.9%	$12.6M-16.6%
Total Stock Repurchased Under Current Program, amount	$600M+389%	——	$414.7M—	$234.6M—	$122.6M—
Total Stock Repurchased Under Current Program, Shares	3.1M+663%	——	1.5M—	808.4K—	410K—
Treasury stock, shares (in shares)	$17M+37.3%	$15.28M+27.2%	$13.46M+12.3%	$12.77M+6.6%	$12.38M+3.3%
Unrecognized tax benefits	$12.9M+9.3%	$12.3M+10.8%	$12.5M-13.8%	$12.3M-10.9%	$11.8M-11.9%
Amount that if recognized, would affect the effective tax rate or regulatory liability	$12.9M+9.3%	$12.3M+10.8%	$12.5M-13.8%	$12.3M-10.9%	$11.8M-11.9%

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Questions, answered.

What are Morningstar's total assets?: Morningstar (MORN) holds $4.0B in total assets, up 11.2% year over year.
How much debt does Morningstar have?: Morningstar carries $1.9B in total debt against $1.0B of shareholders' equity, a debt-to-equity ratio of 1.89.
How much cash does Morningstar have?: Morningstar holds $492.8M in cash and equivalents.
Can Morningstar cover its short-term obligations?: Its current ratio is 1.03 — current assets exceed current liabilities.
Where does Morningstar's balance sheet data come from?: Every line is extracted from Morningstar's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.