LTEC Balance Sheet - Logitech international SA

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Price: 34.12 EUR Market Closed

Market Cap: €5.3B

L	Logitech international SA XMUN:LTEC	CH
	loanDepot Inc F:LDD	US
	Hexatronic Group AB F:02H0	SE
T	T&R Biofab Co Ltd KOSDAQ:246710	KR
A	Acrow Ltd SWB:59Y	AU

Financial profile · Q2 FY2027

A cyclical hardware franchise with recovering margins and consistent cash generation

Across the multi-year record, revenue is cyclical, while operating margins and cash generation have recovered from the FY2023 downturn. Modest capital spending, cash exceeding debt, and recurring dividends and repurchases characterize a cash-generative model with limited reliance on external financing.

What is developing

Quarterly sales and operating income remained year-over-year positive, preserving the established earnings pattern. Logitech also disclosed a temporary semiconductor-supplier disruption that constrains supply, a near-term development to monitor rather than evidence of a changed multi-year financial model.

What matters next

Whether shipment availability recovers without materially compressing sales or operating margins.

Metric	FY2017 Mar 2017	FY2018 Mar 2018	FY2019 Mar 2019	FY2020 Mar 2020	FY2021 Mar 2021	FY2022 Mar 2022	FY2023 Mar 2023	FY2024 Mar 2024	FY2025 Mar 2025	FY2026 Mar 2026
Cash & Cash Equivalents	547.5m	641.9m	604.5m	715.6m	1.8B	1.3B	1.1B	1.5B	1.5B	1.7B
Cash Equivalents	547.5m	641.9m	604.5m	715.6m	1.8B	1.3B	1.1B	1.5B	1.5B	1.7B
Total Receivables	208.3m	244.4m	417.6m	428.4m	679.9m	752.2m	712.9m	582.9m	500.9m	564.5m
Accounts Receivables	185.2m	214.9m	383.3m	394.7m	612.2m	675.6m	630.4m	541.7m	454.5m	505.9m
Other Receivables	23.1m	29.5m	34.3m	33.6m	67.7m	76.6m	82.5m	41.2m	46.3m	58.6m
Inventory	253.4m	259.9m	293.5m	229.2m	661.1m	933.1m	682.9m	422.5m	503.7m	489.9m
Other Current Assets	18.6m	26.9m	34.8m	41.3m	67.9m	58.9m	60.3m	105.1m	216.1m	297.2m
Total Current Assets	1B	1.2B	1.4B	1.4B	3.2B	3.1B	2.6B	2.6B	2.6B	2.9B
PP&E Net	85.4m	86.3m	78.6m	101.7m	145.2m	150.5m	188.8m	177.8m	189.1m	188m
PP&E Gross	85.4m	86.3m	78.6m	101.7m	145.2m	150.5m	188.8m	177.8m	189.1m	188m
Accumulated Depreciation	(263.4m)	(260.3m)	(280.8m)	(270.4m)	(303.5m)	(349.6m)	(396.9m)	(387.3m)	(429.9m)	(471m)
Intangible Assets	47.6m	87.5m	119m	126.9m	115.1m	83.8m	63.2m	44.6m	24.6m	12.4m
Goodwill	249.7m	275.5m	343.7m	400.9m	429.6m	448.2m	454.6m	462m	463.2m	465.4m
Long-Term Investments	25.8m	30.2m	36.4m	66m	68.2m	71.5m	61.5m	57.8m	57m	59.4m
Other Long-Term Assets	62.3m	90.6m	96.1m	253.4m	224.9m	208.6m	187.4m	231.2m	211.9m	208.2m
Other Assets	249.7m	275.5m	343.7m	400.9m	429.6m	448.2m	454.6m	462m	463.2m	465.4m
Total Assets	1.5B	1.7B	2B	2.4B	4.1B	4B	3.6B	3.6B	3.5B	3.8B
Accounts Payable	274.8m	294m	283.9m	259.1m	823.2m	636.3m	407m	448.6m	414.6m	531m
Accrued Liabilities	142.3m	172.3m	306.3m	431.7m	551.3m	551m	481.1m	468.2m	329.2m	318.4m
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	89.9m	109.4m	127.6m	23.3m	307.3m	233.9m	162.1m	169.1m	357.3m	463.6m
Deferred Revenue	—	—	—	—	—	—	—	—	25.8m	38.7m
Total Current Liabilities	507.1m	575.7m	717.8m	714.1m	1.7B	1.4B	1.1B	1.1B	1.1B	1.3B
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Income Tax	1.8m	2m	2.1m	1.9m	1.7m	2m	2.8m	705k	658k	—
Other Liabilities	133.7m	114.9m	127.9m	158.1m	197.1m	213.6m	250.3m	284.5m	309.3m	324.2m
Total Liabilities	642.6m	692.6m	847.8m	874.2m	1.9B	1.6B	1.3B	1.4B	1.4B	1.6B
Common Stock	30.1m	30.1m	30.1m	30.1m	30.1m	30.1m	30.1m	30.1m	29.4m	28m
Retained Earnings	1.1B	1.2B	1.4B	1.7B	2.5B	3B	3.2B	3.6B	3.6B	3.4B
Additional Paid In Capital	26.6m	47.2m	56.7m	75.1m	129.5m	129.9m	127.4m	63.5m	82.6m	123.4m
Treasury Stock	(174m)	(165.7m)	(169.8m)	(185.9m)	(279.5m)	(632.9m)	(977.3m)	(1.4B)	(1.5B)	(1.2B)
Other Equity	(100.7m)	(93.5m)	(105.7m)	(120.7m)	(108.9m)	(104.1m)	(100.3m)	(111.2m)	(147m)	(113.8m)
Total Equity	856.1m	1.1B	1.2B	1.5B	2.3B	2.4B	2.3B	2.2B	2.1B	2.2B
Total Liabilities & Equity	1.5B	1.7B	2B	2.4B	4.1B	4B	3.6B	3.6B	3.5B	3.8B
Common Shares Outstanding	162.4m	164.6m	165.9m	166.9m	168.3m	165.3m	159.3m	153.9m	148.5m	143.5m