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Statement
Assets, liabilities and equity aligned across the annual filing history, in USD millions.
Assets
Reported for FY 2026
Liabilities
Reported for FY 2026
Equity
Reported for FY 2026
Equity mix
Equity share of the capital base
Table view
Every figure is the balance as filed. Each filing badge opens the SEC index page for that fiscal year.
Structure
Assets plotted against the liabilities and equity stack, so you can see how the balance sheet is financed.
Liabilities and equity stack to the capital base; assets are the dashed reference line.
Composition
The same split read as a share of total capital rather than in absolute dollars.
Percentages are measured against total capital for each fiscal year.
Trend
How assets, liabilities and equity have moved across the annual balance sheet window.
Switching between bar and line keeps the selected year order.
Commentary
This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.
Earlier AI snapshot · Generated Jun 2, 2026. The filing-backed figures above are the current source of truth.
National CineMedia’s balance sheet shows a marked recovery from a very stressed position in 2022. In that year, liabilities far exceeded assets, with total assets of $792.4 million against liabilities of $1,256.4 million, resulting in negative equity of $464.0 million. By 2023, the company had significantly improved its capital structure: assets were lower at $567.7 million, but liabilities dropped sharply to $133.2 million, and equity rebounded to $434.5 million. This suggests major deleveraging and a much healthier balance-sheet profile. The improvement continued in 2024, with assets relatively stable at $568.6 million, liabilities rising modestly to $157.4 million, and equity easing slightly to $411.2 million. The 2026 figures show another step down in both assets and liabilities, to $490.6 million and $115.2 million respectively, while equity remained solid at $375.4 million. The 2025 row is blank/zeroed out, so it should not be interpreted as a meaningful reporting point. Overall, the trend indicates a company that has moved from balance-sheet distress toward a more sustainable financial position, though asset levels remain somewhat volatile—consistent with a media/advertising business that can be sensitive to broader consumer spending and cinema attendance trends.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.