Morningstar, Inc. Liquidation Value
MORN
Other
Cash & Equivalents
$474.50M
As of 2025-12-31
Current Price: N/A
Key Metrics
Cash Liquidation Value
Cash minus Total Obligations
Cash: $474.50M
Total Obligations: -$2.31B
$-1.84B
Per share: $-46.30
Period: 2025-12-31
Liquid Liquidation Value
Cash + AR minus Total Obligations
Cash: $474.50M
AR: $390.40M
Total Obligations: -$2.31B
$-1.45B
Per share: $-36.47
Period: 2025-12-31
Operating Liquidation Value
Cash + AR + Inventory minus Total Obligations
Cash: $474.50M
AR: $390.40M
Inventory: $0
Total Obligations: -$2.31B
$-1.45B
Per share: $-36.47
Period: 2025-12-31
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Liquidation Ladder
| Metric | Total | Per Share |
|---|---|---|
| Cash Liquidation Value | $-1.84B | $-46.30 |
| Liquid Liquidation Value | $-1.45B | $-36.47 |
| Operating Liquidation Value | $-1.45B | $-36.47 |
Key Components (as of 2025-12-31)
| Cash & Equivalents | $474.50M |
| Accounts Receivable | $390.40M |
| Inventory | N/A |
| Current Liabilities | $1.05B |
| Long-term Debt | $1.07B |
| Op. Lease Liability | $188.50M |
| Finance Lease | N/A |
| Shares Outstanding | 39.7M |
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Historical
| Period | Cash | AR | Inventory | AP | Curr Liab | LT Debt | Op Lease | Fin Lease |
|---|---|---|---|---|---|---|---|---|
| 2025-12-31 | $474.50M | $390.40M | N/A | N/A | $1.05B | $1.07B | $188.50M | N/A |
| 2025-09-30 | $474.20M | $363.90M | N/A | N/A | $945.50M | $848.90M | $193.70M | N/A |
| 2025-06-30 | $503.50M | $384.00M | N/A | N/A | $921.00M | $838.80M | $195.20M | N/A |
| 2025-03-31 | $511.50M | $342.10M | N/A | N/A | $912.30M | $803.70M | $199.40M | N/A |
| 2024-12-31 | $502.70M | $358.10M | N/A | N/A | $967.30M | $698.60M | $205.40M | N/A |
| 2024-09-30 | $552.90M | $328.40M | N/A | N/A | $895.90M | $864.70M | $177.90M | N/A |
| 2024-06-30 | $391.20M | $336.40M | N/A | N/A | $837.40M | $899.60M | $168.60M | N/A |
| 2024-03-31 | $353.70M | $326.20M | N/A | N/A | $846.80M | $949.40M | $178.50M | N/A |
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