The company maintains a high debt-to-equity ratio of 1.14, exacerbated by a $1.2 billion deficit in retained earnings.
| Total Current Assets | 4.25B | 4.13B | 4.09B | 4.32B | 4.16B | 5.09B | 4.48B | 4.12B | 4.31B | 4.5B | 5.69B | 3.81B | 4.5B |
| Cash & Short-Term Investments | 831M | 958M | 945M | 1.11B | 947M | 1.52B | 1.69B | 924M | 687M | 709M | 105M | 44M | 45M |
| Cash Only | 831M | 958M | 945M | 1.11B | 947M | 1.52B | 1.69B | 924M | 687M | 709M | 105M | 44M | 45M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 2.03B | 1.87B | 1.9B | 1.87B | 1.85B | 1.43B | 1.64B | 1.91B | 2.09B | 2.22B | 2.08B | 2.13B | 2.03B |
| Days Sales Outstanding | 45.01 | 47.03 | 47.12 | 44.43 | 47.87 | 38.05 | 47.27 | 42.07 | 43.76 | 50.07 | 45.13 | 38.81 | 33.57 |
| Inventory | 735M | 695M | 758M | 841M | 953M | 976M | 685M | 793M | 824M | 735M | 660M | 701M | 745M |
| Days Inventory Outstanding | 19.03 | 18.69 | 20.11 | 21.37 | 26.13 | 27.71 | 20.7 | 18.41 | 18.2 | 18.12 | 15.82 | 14.04 | 13.54 |
| Other Current Assets | 649M | 607M | 487M | 491M | 411M | 1.16B | 464M | 494M | 707M | 831M | 2.84B | 927M | 1.68B |
| Total Non-Current Assets | 4.79B | 4.82B | 5.26B | 5.11B | 5B | 5.69B | 5.78B | 6.23B | 6.63B | 8.67B | 7.34B | 6.63B | 6.71B |
| Property, Plant & Equipment | 1.38B | 1.41B | 1.41B | 1.38B | 1.38B | 1.61B | 1.58B | 1.67B | 1.68B | 2.5B | 2.19B | 2.14B | 2.41B |
| Fixed Asset Turnover | 10.70x | 10.32x | 10.42x | 11.14x | 10.25x | 8.51x | 8.01x | 9.89x | 10.36x | 6.48x | 7.67x | 9.38x | 9.16x |
| Goodwill | 1.8B | 1.81B | 2.16B | 2.09B | 2.06B | 2.21B | 2.06B | 2.15B | 2.18B | 2.52B | 2.18B | 2.16B | 2.33B |
| Intangible Assets | 305M | 319M | 371M | 408M | 467M | 555M | 443M | 405M | 460M | 543M | 113M | 129M | 165M |
| Long-Term Investments | 1.18B | 276M | 338M | 303M | 286M | 335M | 707M | 1.4B | 1.41B | 1.79B | 1.75B | 1.65B | 564M |
| Other Non-Current Assets | 997M | 1.01B | 982M | 921M | 808M | 983M | 991M | 402M | 395M | 293M | 494M | 557M | 1.24B |
| Total Assets | 9.03B | 8.95B | 9.35B | 9.42B | 9.16B | 10.78B | 10.26B | 10.34B | 10.94B | 13.17B | 13.03B | 10.44B | 11.21B |
| Asset Turnover | 1.68x | 1.62x | 1.57x | 1.63x | 1.54x | 1.27x | 1.23x | 1.60x | 1.59x | 1.23x | 1.29x | 1.92x | 1.97x |
| Asset Growth % | 0.89% | -4.25% | -0.77% | 2.9% | -15.03% | 5.04% | -0.78% | -5.48% | -16.92% | 1.05% | 24.87% | -6.86% | - |
| Total Current Liabilities | 3.87B | 3.69B | 3.68B | 3.74B | 3.5B | 3.51B | 3.82B | 3.83B | 4.19B | 4.33B | 4.26B | 4.01B | 4.94B |
| Accounts Payable | 3.11B | 2.55B | 2.55B | 2.53B | 2.48B | 2.13B | 2.18B | 2.71B | 2.47B | 2.96B | 2.78B | 2.65B | 2.86B |
| Days Payables Outstanding | 69.93 | 68.54 | 67.69 | 64.2 | 67.93 | 60.48 | 65.85 | 62.88 | 54.5 | 72.93 | 66.54 | 53.15 | 51.89 |
| Short-Term Debt | 9M | 11M | 9M | 134M | 14M | 184M | 210M | 30M | 8M | 38M | 79M | 24M | 110M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 487M | 472M | 680M | 781M | 672M | 703M |
| Other Current Liabilities | 748M | 1.13B | 1.12B | 1.08B | 1.01B | 1.2B | 1.43B | 1.1B | 1.08B | 1.33B | 1.41B | 1.33B | 1.97B |
| Current Ratio | 1.10x | 1.12x | 1.11x | 1.15x | 1.19x | 1.45x | 1.17x | 1.07x | 1.03x | 1.04x | 1.34x | 0.95x | 0.91x |
| Quick Ratio | 0.91x | 0.93x | 0.90x | 0.93x | 0.92x | 1.17x | 0.99x | 0.87x | 0.83x | 0.87x | 1.18x | 0.77x | 0.76x |
| Cash Conversion Cycle | -5.88 | -2.82 | -0.47 | 1.61 | 6.06 | 5.28 | 2.13 | -2.4 | 7.46 | -4.74 | -5.58 | -0.3 | -4.79 |
| Total Non-Current Liabilities | 3.07B | 3.11B | 3.14B | 3.08B | 3.24B | 4.31B | 4.86B | 4.27B | 3.99B | 4.22B | 4.4B | 628M | 631M |
| Long-Term Debt | 2.38B | 2.39B | 2.4B | 2.4B | 2.56B | 3.51B | 4.1B | 3.71B | 3.42B | 3.44B | 3.44B | 35M | 46M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 206M | 217M | 389M | 22M | 0 | 0 |
| Other Non-Current Liabilities | 695M | 723M | 743M | 682M | 673M | 797M | 767M | 559M | 564M | 782M | 913M | 593M | 585M |
| Total Liabilities | 6.94B | 6.8B | 6.82B | 6.82B | 6.74B | 7.82B | 8.68B | 8.1B | 8.18B | 8.55B | 8.66B | 4.64B | 5.57B |
| Total Debt | 2.39B | 2.4B | 2.4B | 2.54B | 2.58B | 3.7B | 4.31B | 3.74B | 3.43B | 3.48B | 3.56B | 59M | 156M |
| Net Debt | 1.56B | 1.44B | 1.46B | 1.43B | 1.63B | 2.17B | 2.62B | 2.81B | 2.74B | 2.77B | 3.46B | 15M | 111M |
| Debt / Equity | 1.14x | 1.11x | 0.95x | 0.97x | 1.07x | 1.25x | 2.73x | 1.67x | 1.24x | 0.75x | 0.81x | 0.01x | 0.03x |
| Debt / EBITDA | 3.47x | 3.14x | 3.19x | 3.10x | 4.61x | 5.97x | 11.52x | 5.64x | - | 2.38x | 5.00x | 0.05x | 0.15x |
| Net Debt / EBITDA | 2.26x | 1.88x | 1.94x | 1.74x | 2.92x | 3.51x | 6.99x | 4.24x | - | 1.90x | 4.85x | 0.01x | 0.11x |
| Interest Coverage | 2.76x | 0.55x | 1.70x | 2.40x | 1.35x | 6.57x | -0.00x | 0.85x | -6.80x | 6.90x | 18.90x | 35.37x | 31.09x |
| Total Equity | 2.09B | 2.16B | 2.53B | 2.6B | 2.42B | 2.96B | 1.58B | 2.24B | 2.76B | 4.62B | 4.38B | 5.8B | 5.64B |
| Equity Growth % | -22.61% | -14.84% | -2.65% | 7.56% | -18.19% | 87.45% | -29.55% | -18.96% | -40.17% | 5.6% | -24.54% | 2.82% | - |
| Book Value per Share | 26.33 | 26.00 | 28.12 | 27.29 | 25.53 | 30.91 | 16.82 | 23.93 | 29.62 | 49.20 | 46.79 | 62.01 | 60.31 |
| Total Shareholders' Equity | 1.71B | 1.77B | 2.13B | 2.23B | 2.07B | 2.38B | 1.21B | 1.85B | 2.39B | 4.28B | 4.21B | 5.63B | 5.45B |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.49B | 5.87B | 5.18B |
| Retained Earnings | 0 | -1.17B | -885M | -903M | -1.11B | -988M | -2.1B | -1.54B | -1.03B | 734M | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | -670M | -693M | -842M | -845M | -627M | -665M | -569M | -531M | -397M | -276M | -247M | 276M |
| Minority Interest | 375M | 392M | 400M | 375M | 347M | 582M | 365M | 392M | 372M | 341M | 165M | 172M | 186M |
High leverage and negative equity
As reported in financial statements, Adient's total assets have contracted from $9.4 billion in 2024Q4 to $9.0 billion in 2026Q2, reflecting a persistent struggle to maintain a stable capital base amidst ongoing operational volatility and the recurring impact of negative retained earnings on the company's equity position.
The downward trend in total assets suggests a potential reduction in the scale of operations or asset impairment, which warrants further investigation into the company's long-term growth strategy. Investors should monitor whether this contraction is a deliberate effort to optimize the asset base or a symptom of declining competitive positioning in key automotive markets.
Based on the provided quarterly data, Adient maintains a consistent debt load of $2.4 billion, which, when coupled with a fluctuating equity base, results in a debt-to-equity ratio of 1.14 as of 2026Q2, indicating that the company remains highly leveraged relative to its thin profit margins.
This level of indebtedness appears to constrain the company's ability to navigate cyclical downturns, as interest obligations remain a fixed burden on already narrow operating margins. The persistence of this debt level suggests that deleveraging efforts have stalled, potentially limiting the firm's capacity to invest in the next generation of smart seating technology.
According to recent balance sheet disclosures, Adient's retained earnings have remained negative throughout the last ten quarters, bottoming out at -$1.2 billion, which highlights a significant erosion of the equity base and raises questions regarding the long-term sustainability of the company's current capital structure.
The persistent negative retained earnings suggest that historical losses and restructuring charges have significantly impaired the company's book value. This trend may indicate that the business model is struggling to generate sufficient returns to offset its capital costs, necessitating a closer look at the efficacy of recent strategic divestitures.
As reported in financial statements, Adient's current ratio has hovered near 1.10 over the last ten quarters, providing a razor-thin margin of safety that leaves the company vulnerable to sudden disruptions in working capital or unexpected spikes in operational costs within its just-in-sequence manufacturing environment.
A current ratio of 1.10 suggests that the company has limited liquidity to absorb shocks, which is particularly concerning given the cyclical nature of the automotive industry. Investors should monitor whether this liquidity profile is sufficient to cover short-term obligations without relying on external financing, which could be costly in the current interest rate environment.
Based on the provided figures, Adient carries $1.8 billion in goodwill on its balance sheet, a substantial portion of its $9.0 billion in total assets, which may be subject to future impairment charges if the company fails to achieve its projected growth in high-margin seating content.
The significant reliance on goodwill as a component of total assets suggests that the balance sheet is sensitive to the valuation of past acquisitions. If the company's operational performance continues to lag, the risk of a non-cash impairment charge could further weaken the equity position and negatively impact investor sentiment.
Quick answers to the most common questions about buying ADNT stock.
As of 2025, Adient plc (ADNT) had total assets of $8.95B including $4.13B in current assets.
Adient plc (ADNT) carries total debt of $2.40B, offset by $958.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Adient plc (ADNT) has total shareholders' equity (book value) of $1.77B ($26.00 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Adient plc (ADNT) reported a current ratio of 1.12x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.