MORN Morningstar Inc.

Exchange

NASDAQ

Sector

Finance

Industry

Investment Managers

Market Cap.

3.241B

Very Strong Balance Sheet

MORN has more Cash than its Total Liabilities, resulting in $3.30 Net Cash per share. In other words, if you buy MORN today, the price you're paying for shares is actually $66.40 because $3.30 of Cash is included in the current share price. This much Cash is very healthy. It can help MORN sustain itself in the face of any economic turmoil and makes a stock buyback more of a possibility.

Figures in USD. Fiscal year ends in December

	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011
Cash	-	76.16M	95.46M	153.19M	163.75M	258.59M	297.58M	342.55M	365.42M	470.19M
Current Assets	-	105.44M	135.75M	206.22M	237.48M	367.56M	413.74M	444.10M	507.28M	612.03M
Total Assets	-	183.22M	213.36M	296.31M	447.84M	649.31M	803.94M	919.58M	1.09B	1.17B
Current Liabilities	-	111.35M	118.85M	115.84M	167.46M	217.84M	233.44M	206.88M	252.72M	270.63M
Total Liabilities	-	135.44M	148.98M	122.60M	178.42M	241.00M	268.41M	243.88M	305.99M	316.71M
Stockholder' Equity	48.13M	47.78M	64.38M	173.71M	269.42M	408.30M	535.53M	675.71M	780.32M	855.37M
Current Ratio	-	0.95	1.14	1.78	1.42	1.69	1.77	2.15	2.01	2.26
TL-to-TA	-	0.74	0.70	0.41	0.40	0.37	0.33	0.27	0.28	0.27

Consistent Reinvestment of Profits over the past 10 years

MORN has consistently retained profits. This may put MORN in a strong position to invest for the future, by buying new machinery, investing in R&D or a number of other options. By effectively using these earnings, MORN can greatly improve their long-term economic picture.

Figures in USD. Fiscal year ends in December

	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011
Retained Earnings	-	-90.53M	-81.73M	-50.61M	1.15M	71.76M	164.29M	246.75M	323.41M	409.02M
Retained Earnings Growth	-	-	9.73%	38.08%	102.28%	6,118.11%	128.95%	50.19%	31.07%	26.47%