Evi Industries, Inc. Liquidation Value

EVI Personal Services

Cash & Equivalents

$4.32M
As of 2026-03-31
Current Price: N/A

Key Metrics

Cash Liquidation Value

Cash minus Total Obligations
Cash: $8.63M
Total Obligations: -$177.56M
$-168.92M
Per share: $-13.17
Period: 2026-03-31

Liquid Liquidation Value

Cash + AR minus Total Obligations
Cash: $8.63M
AR: $56.02M
Total Obligations: -$177.56M
$-112.90M
Per share: $-8.80
Period: 2026-03-31

Operating Liquidation Value

Cash + AR + Inventory minus Total Obligations
Cash: $8.63M
AR: $56.02M
Inventory: $80.21M
Total Obligations: -$177.56M
$-32.69M
Per share: $-2.55
Period: 2026-03-31

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Liquidation Ladder

MetricTotalPer Share
Cash Liquidation Value$-168.92M$-13.17
Liquid Liquidation Value$-112.90M$-8.80
Operating Liquidation Value$-32.69M$-2.55

Key Components (as of 2026-03-31)

Data as of 2026-03-31 from 10-Q filed 2026-05-11. View on SEC EDGAR →

Cash & Equivalents$4.32M
Accounts Receivable$56.02M
Inventory$80.21M
Current Liabilities$95.47M
Long-term Debt (?)$60.00M
Op. Lease Liability (?)$9.08M
Finance Lease (?)N/A
Shares Outstanding12.8M

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Historical

PeriodCashARInventoryAPCurr LiabLT DebtOp LeaseFin Lease
2026-03-31$4.32M$56.02M$80.21MN/A$95.47M$60.00M$9.08MN/A
2025-12-31$4.25M$56.84M$78.04MN/A$96.78M$58.00M$9.34MN/A
2025-09-30$4.66M$95,000$75.23MN/A$112.32M$51.00M$9.34MN/A
2025-06-30$8.85M$60.49M$66.06M$37.94M$94.86M$53.00M$8.00MN/A
2025-03-31$5.91M$133,000$49.50MN/A$76.22M$24.00M$5.80MN/A
2024-12-31$3.90M$978,000$50.49MN/A$71.69M$27.92M$5.64MN/A
2024-09-30$4.37M$362,000$50.86MN/A$77.83M$19.91M$6.20MN/A
2024-07-01$5.90MN/AN/AN/AN/AN/AN/AN/A

Comments

SEC Filings

PeriodFormFiledLink
2026-03-31 10-Q 2026-05-11 View
2025-12-31 10-Q 2026-02-09 View
2025-09-30 10-Q 2025-11-10 View
2025-06-30 10-K/A 2025-10-24 View
2025-06-30 10-K 2025-09-11 View
2025-03-31 10-Q 2025-05-12 View
2024-12-31 10-Q 2025-02-10 View
2024-09-30 10-Q 2024-11-12 View

AI Insights

AI Insight·Generated 2026-05-12

EVI Industries (EVI) is a commercial laundry equipment distributor and services provider operating under a buy-and-build acquisition strategy. The MFFAIS liquidation values for the period ending March 31, 2026 are deeply negative across all three measures: cash liquidation value (CLV) of -$155.6M, liquid liquidation value (LLV) of -$98.8M, and operating liquidation value (OLV) of -$20.7M. These figures confirm that equity holders would receive zero recovery in a forced wind-down scenario, with total liabilities substantially exceeding recoverable asset value after standard liquidation haircuts.

The dominant drivers of the negative recovery posture are: (1) goodwill of $93.9M at March 31, 2026 (up from $91.7M at June 30, 2025), which receives a 100% haircut in liquidation; (2) additional intangible assets from acquisitions (including $7.7M from GNA, $0.23M from Haiges) that are similarly worthless in a liquidation; and (3) $60.0M of revolving credit facility debt outstanding (up from $53.0M at June 30, 2025), secured by substantially all company assets, which sits senior to equity at face value in any wind-down.

During the nine months ended March 31, 2026, EVI completed two acquisitions: Haiges Machinery Inc. (HMI, closed February 1, 2025, purchase price $2.1M with $0.8M goodwill) and Girbau North America (GNA, closed April 1, 2025, purchase price $38.4M with $11.4M goodwill and $7.7M intangibles). The GNA acquisition, funded entirely with credit facility borrowings, was the primary driver of the $7.0M increase in revolving debt from June 30, 2025 to March 31, 2026. Additional smaller acquisitions (ASN, Belenky/BEL) added $2.3M in goodwill during the current nine-month period.

Operating lease obligations total $13.0M in present value ($14.1M undiscounted), across 34 facilities with average remaining term of 3.81 years. These survive a wind-down at face value. The credit facility ($60.0M drawn against a $150M maximum, maturing March 2030, secured by substantially all assets at 5.04% weighted average rate) would be the primary claim against liquidation proceeds ahead of equity.

Net deferred tax liabilities stand at approximately $7.7M. Unrecognized share-based compensation of $37.3M ($25.2M restricted stock awards + $12.1M RSUs) has no liquidation relevance as it is a non-cash future expense, not a liability. The filing does not separately tag goodwill, intangibles, total assets, total liabilities, accounts receivable, or inventory in XBRL for this period — the TAG_CONTEXT input is empty, meaning no XBRL-tagged line items are available for individual tag analysis. All quantitative references above are sourced from filing narrative and tables.

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