The company has achieved a healthy financial position with a debt-to-equity ratio of 0.00 as of 2026Q1, down from 3.33 in 2024Q4.
| Total Current Assets | 37.86M | 36.62M | 31.22M | 6.79M | 293.68K |
| Cash & Short-Term Investments | 32.4M | 28.33M | 28.33M | 6.76M | 293.68K |
| Cash Only | 32.4M | 28.33M | 28.33M | 6.76M | 293.68K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 3.59M | 1.96M | 1.23M | 0 | 0 |
| Days Sales Outstanding | 27.28 | 28.56 | 314.95 | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - |
| Other Current Assets | 1.86M | -31.79B | 0 | 0 | 0 |
| Total Non-Current Assets | 63.5M | 65.42M | 51.86M | 26.91M | 15.48M |
| Property, Plant & Equipment | 53.08M | 1.79B | 45.02M | 22.48M | 12.47M |
| Fixed Asset Turnover | 0.82x | 0.01x | 0.03x | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 20.01M | 9.59M | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | -1.73B | 6.85M | 4.43M | 3.01M |
| Total Assets | 101.36M | 102.04M | 83.09M | 33.69M | 15.77M |
| Asset Turnover | 0.34x | 0.25x | 0.02x | - | - |
| Asset Growth % | 49.72% | 22.81% | 146.6% | 113.67% | - |
| Total Current Liabilities | 20.48M | 18.97M | 2.37M | 1.75M | 1.15M |
| Accounts Payable | 8.2M | 6.78M | 2.2M | 1.05M | 270.12K |
| Days Payables Outstanding | 237.52 | 267.08 | 683.73 | - | 46.22K |
| Short-Term Debt | 151.46K | 0 | 163.87M | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 11.28M | 11.58M | -163.87M | 173.18K | 882.05K |
| Current Ratio | 1.85x | 1.93x | 13.18x | 3.87x | 0.25x |
| Quick Ratio | 1.85x | 1.93x | 13.18x | 3.87x | 0.25x |
| Cash Conversion Cycle | -210.24 | - | - | - | - |
| Total Non-Current Liabilities | 20.17M | 24.39M | 30.95M | 30.73M | 29.46M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 4.95M | 1.59M | 1.58M | 0 | 0 |
| Deferred Tax Liabilities | 2.52M | 1.64M | 0 | 0 | 0 |
| Other Non-Current Liabilities | 19.26M | 21.16M | 29.37M | 30.73M | 29.46M |
| Total Liabilities | 40.65M | 43.36M | 33.32M | 32.48M | 30.62M |
| Total Debt | 190.21K | 1.79M | 165.61M | 0 | 0 |
| Net Debt | -32.21M | -26.54M | 137.28M | -6.76M | -293.68K |
| Debt / Equity | 0.00x | 0.03x | 3.33x | - | - |
| Debt / EBITDA | 0.01x | 0.31x | - | - | - |
| Net Debt / EBITDA | -2.36x | -4.55x | - | - | - |
| Interest Coverage | - | - | - | -49.57x | - |
| Total Equity | 60.71M | 58.68M | 49.77M | 1.22M | -14.85M |
| Equity Growth % | 28.57% | 17.91% | 3995.19% | 108.19% | - |
| Book Value per Share | 1.49 | 1.44 | 1.30 | 0.03 | -0.37 |
| Total Shareholders' Equity | 36.58M | 35.46M | 29.88M | 1.22M | -14.85M |
| Common Stock | 6.67K | 6.67K | 6.66K | 0 | 0 |
| Retained Earnings | -187.17M | -189.25M | -191.05M | -146.39M | -101.18M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -4.59M | -3.94M | -5.8M | -4.86M | -5.08M |
| Minority Interest | 24.13M | 23.22M | 19.89M | 0 | 0 |
Italian Regulatory Policy Volatility
As reported in recent financial filings, AleAnna's total assets have grown from $33.7 million in 2023Q4 to $101.4 million by 2026Q1, signaling a successful transition from an exploration-focused entity to a production-oriented operator with a significantly larger capital base in the Italian energy market.
The steady increase in total assets, primarily driven by the growth in net PPE, suggests that the company is effectively deploying capital into its Italian concessions. This trajectory indicates that the business model is maturing, moving away from speculative exploration toward tangible, revenue-generating infrastructure.
Based on the provided balance sheet data, AleAnna maintains a negligible debt-to-equity ratio of 0.00% as of 2026Q1, a stark contrast to the 3.33 ratio observed in 2024Q4, which suggests a deliberate and successful strategy to deleverage the balance sheet following the initial production ramp-up.
The near-total absence of debt provides the company with significant insulation against interest rate volatility and potential sector-specific downturns. This conservative capital structure appears to prioritize financial stability, which is essential given the inherent regulatory risks associated with operating in the Italian onshore gas sector.
According to quarterly balance sheet disclosures, AleAnna holds $32.4 million in cash as of 2026Q1, maintaining a current ratio of 1.85 that provides a comfortable liquidity buffer against operational shocks and the ongoing capital requirements of its Italian natural gas and RNG development projects.
The company's liquidity position appears strong relative to its current operational scale, suggesting that management is well-prepared to navigate potential regulatory delays or permit conversion hurdles. Investors should monitor whether this cash pile is intended for future infrastructure investment or if it represents an over-capitalized state.
As indicated by the company's financial statements, the equity base remains constrained by a significant accumulated deficit of $187.2 million as of 2026Q1, which reflects the long-term historical costs of exploration and development that preceded the current phase of active natural gas production in Italy.
While the equity position has stabilized, the persistent negative retained earnings highlight the heavy historical investment required to reach current production levels. The improvement in equity quality will likely depend on the company's ability to consistently generate net income and offset these legacy accounting deficits over time.
Quick answers to the most common questions about buying ANNA stock.
As of 2025, AleAnna, Inc. (ANNA) had total assets of $102.0M including $36.6M in current assets.
AleAnna, Inc. (ANNA) carries total debt of $1.8M, offset by $28.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
AleAnna, Inc. (ANNA) has total shareholders' equity (book value) of $35.5M ($1.44 book value per share). Book value represents the net worth of the company belonging to common stock holders.
AleAnna, Inc. (ANNA) reported a current ratio of 1.93x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.