Financial flexibility has improved through active deleveraging, with the debt-to-equity ratio declining to 0.51 as of 2026Q1, though goodwill still represents 37% of total assets.
| Total Current Assets | 4.28B | 4.68B | 4.49B | 3.94B | 3.16B |
| Cash & Short-Term Investments | 1.1B | 1.92B | 1.82B | 1.11B | 351M |
| Cash Only | 1.1B | 1.92B | 1.82B | 1.11B | 351M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.36B | 1.12B | 1.07B | 1.4B | 1.41B |
| Days Sales Outstanding | 49.15 | 34.6 | 33.34 | 43.7 | 47.98 |
| Inventory | 1.57B | 1.55B | 1.45B | 1.31B | 1.23B |
| Days Inventory Outstanding | 64.36 | 64.47 | 61.38 | 53.55 | 54.3 |
| Other Current Assets | 260M | 0 | 144M | 40M | 51M |
| Total Non-Current Assets | 19.98B | 19.57B | 19.03B | 19.11B | 17.51B |
| Property, Plant & Equipment | 8.97B | 8.54B | 8.08B | 8.07B | 7.75B |
| Fixed Asset Turnover | 1.39x | 1.38x | 1.45x | 1.45x | 1.38x |
| Goodwill | 9.07B | 9.02B | 8.92B | 8.97B | 8.12B |
| Intangible Assets | 1.7B | 1.73B | 1.83B | 1.88B | 1.44B |
| Long-Term Investments | 50M | 0 | 56M | 63M | 0 |
| Other Non-Current Assets | 242M | 277M | 198M | 121M | 202M |
| Total Assets | 24.27B | 24.25B | 23.52B | 23.05B | 20.67B |
| Asset Turnover | 0.49x | 0.49x | 0.50x | 0.51x | 0.52x |
| Asset Growth % | 12.03% | 3.11% | 2.04% | 11.5% | - |
| Total Current Liabilities | 3.05B | 2.86B | 2.43B | 2.44B | 2.25B |
| Accounts Payable | 1.02B | 1.54B | 1.37B | 1.25B | 1.14B |
| Days Payables Outstanding | 53.75 | 63.93 | 58.09 | 51.14 | 50.59 |
| Short-Term Debt | 1.24B | 333M | 5M | 131M | 348M |
| Deferred Revenue (Current) | 38M | 0 | 0 | 48M | 43M |
| Other Current Liabilities | 792M | 850M | 902M | 532M | 464M |
| Current Ratio | 1.40x | 1.64x | 1.85x | 1.61x | 1.40x |
| Quick Ratio | 0.89x | 1.10x | 1.25x | 1.08x | 0.86x |
| Cash Conversion Cycle | 59.76 | 35.14 | 36.64 | 46.12 | 51.7 |
| Total Non-Current Liabilities | 8.13B | 8.14B | 7.78B | 11.4B | 10.21B |
| Long-Term Debt | 4.94B | 4.94B | 4.94B | 8.64B | 7.62B |
| Capital Lease Obligations | 2.58B | 500M | 698M | 564M | 516M |
| Deferred Tax Liabilities | 2.98B | 0 | 937M | 998M | 944M |
| Other Non-Current Liabilities | 1.59B | 2.7B | 868M | 930M | 873M |
| Total Liabilities | 11.18B | 10.99B | 10.21B | 13.84B | 12.46B |
| Total Debt | 6.67B | 5.91B | 5.79B | 9.52B | 8.66B |
| Net Debt | 5.57B | 3.98B | 3.96B | 8.42B | 8.31B |
| Debt / Equity | 0.51x | 0.45x | 0.43x | 1.03x | 1.05x |
| Debt / EBITDA | 2.40x | 2.09x | 1.89x | 3.48x | 3.48x |
| Net Debt / EBITDA | 2.01x | 1.41x | 1.29x | 3.07x | 3.34x |
| Interest Coverage | 5.08x | - | 7.03x | 3.37x | 6.89x |
| Total Equity | 13.09B | 13.25B | 13.31B | 9.2B | 8.21B |
| Equity Growth % | 36.11% | -0.4% | 44.59% | 12.1% | - |
| Book Value per Share | 23.66 | 23.94 | 24.05 | 16.65 | 14.85 |
| Total Shareholders' Equity | 13.09B | 13.25B | 13.31B | 9.2B | 8.21B |
| Common Stock | 0 | 13.25B | 6M | 0 | 0 |
| Retained Earnings | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | -604M | -317M | -372M |
| Minority Interest | 0 | 0 | -1M | 0 | 1M |
High Goodwill Concentration
According to the provided balance sheet data, AMRZ has successfully reduced its total debt from $10.2 billion in 2024Q3 to $6.7 billion by 2026Q1, resulting in a significantly improved debt-to-equity ratio of 0.51 that provides a buffer against cyclical construction downturns.
The reduction in leverage appears to be a strategic move to establish a standalone credit profile following the spin-off. This lower debt burden suggests that the company is better positioned to navigate interest rate volatility compared to its more highly levered peers in the building materials sector.
As reported in the financial statements, AMRZ maintains a substantial $9.1 billion in goodwill as of 2026Q1, which represents approximately 37% of total assets and warrants close monitoring for potential impairment risks given the company's recent transition to an independent operating entity.
The heavy reliance on intangible assets suggests that the company's valuation is highly sensitive to the performance of acquired businesses. Investors should consider whether these assets can continue to generate sufficient returns to justify their carrying value in a potentially cooling North American construction market.
Based on the reported figures, AMRZ held $1.1 billion in cash as of 2026Q1, maintaining a current ratio of 1.40 that appears sufficient to cover short-term obligations despite the significant seasonal working capital swings observed in the company's recent quarterly performance.
While the cash position remains robust, the fluctuation in liquidity metrics suggests that management must maintain disciplined working capital management to avoid cash crunches during off-peak construction seasons. The current liquidity buffer appears adequate to support ongoing operations without immediate reliance on external financing.
Data from recent filings indicates that goodwill and net PPE combined account for over 74% of total assets, creating a balance sheet structure that is highly dependent on the long-term economic viability of past acquisitions and the maintenance of heavy industrial infrastructure.
This concentration of non-liquid assets suggests that the company's book value may be less reflective of its immediate liquidation value than headline figures imply. Any sustained decline in the profitability of the Solutions & Products segment could necessitate significant non-cash write-downs that would impact equity.
Quick answers to the most common questions about buying AMRZ stock.
As of 2025, Amrize Ltd (AMRZ) had total assets of $24.25B including $4.68B in current assets.
Amrize Ltd (AMRZ) carries total debt of $5.91B, offset by $1.92B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Amrize Ltd (AMRZ) has total shareholders' equity (book value) of $13.25B ($23.94 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Amrize Ltd (AMRZ) reported a current ratio of 1.64x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.