Management maintains a disciplined capital structure with a debt-to-equity ratio of 0.20 as of 2026Q4, providing a buffer despite the ongoing $23.5M goodwill impairment risk.
| Total Current Assets | 162.69M | 171.59M | 155.37M | 157.62M | 179.81M | 179.83M | 102.26M | 91.12M |
| Cash & Short-Term Investments | 21.44M | 23.42M | 29.7M | 21.95M | 19.52M | 60.8M | 234K | 162K |
| Cash Only | 21.44M | 23.42M | 29.7M | 21.95M | 19.52M | 60.8M | 234K | 162K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 29.23M | 39.48M | 25.95M | 28.1M | 30.11M | 37.64M | 35.2M | 27.02M |
| Days Sales Outstanding | 56 | 64.82 | 47.1 | 53.63 | 44.4 | 49.65 | 76.76 | 55.61 |
| Inventory | 91.89M | 104.72M | 93.31M | 99.73M | 121.68M | 74.3M | 60M | 60.94M |
| Days Inventory Outstanding | 318.39 | 310.6 | 302.29 | 352.93 | 333.22 | 180.96 | 227.26 | 236.91 |
| Other Current Assets | 20.14M | 3.97M | 6.41M | 7.84M | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 63.93M | 74.76M | 85.22M | 85.97M | 98.03M | 161.43M | 146.16M | 263.65M |
| Property, Plant & Equipment | 40.04M | 43.13M | 44.6M | 33.69M | 34.51M | 36.37M | 12.45M | 12.59M |
| Fixed Asset Turnover | 4.76x | 5.16x | 4.51x | 5.68x | 7.17x | 7.61x | 13.45x | 14.09x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 64.31M | 64.31M | 163.25M |
| Intangible Assets | 23.53M | 31.41M | 40.22M | 52.02M | 63.19M | 53.64M | 69.15M | 87.64M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | -3.58M | 0 |
| Other Non-Current Assets | 362K | 227K | 404K | 260K | 336K | 424K | 242K | 187K |
| Total Assets | 226.62M | 246.35M | 240.6M | 243.59M | 277.84M | 341.26M | 248.41M | 354.77M |
| Asset Turnover | 0.84x | 0.90x | 0.84x | 0.78x | 0.89x | 0.81x | 0.67x | 0.50x |
| Asset Growth % | -8.01% | 2.39% | -1.23% | -12.33% | -18.58% | 37.38% | -29.98% | - |
| Total Current Liabilities | 29.91M | 36.8M | 29.38M | 23M | 27M | 36.34M | 21.38M | 20.19M |
| Accounts Payable | 13.43M | 15.72M | 14.2M | 11.54M | 13.56M | 16.02M | 8.94M | 8.91M |
| Days Payables Outstanding | 46.54 | 46.62 | 45.99 | 40.85 | 37.14 | 39.02 | 33.85 | 34.65 |
| Short-Term Debt | 1.57M | 0 | 0 | 0 | 0 | 1.77M | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 28.34M | 924K | 820K | 7.1M | 7.36M | 8.27M | 7.87M | 6.6M |
| Current Ratio | 5.44x | 4.66x | 5.29x | 6.85x | 6.66x | 4.95x | 4.78x | 4.51x |
| Quick Ratio | 2.37x | 1.82x | 2.11x | 2.52x | 2.15x | 2.90x | 1.98x | 1.49x |
| Cash Conversion Cycle | 327.85 | 328.8 | 303.4 | 365.71 | 340.48 | 191.58 | 270.17 | 257.87 |
| Total Non-Current Liabilities | 30.81M | 31.95M | 33.29M | 28.72M | 47.8M | 25.02M | 2.94M | 9.97M |
| Long-Term Debt | 30.81M | 0 | 0 | 4.62M | 24.7M | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 31.95M | 33.29M | 24.06M | 23.08M | 24.78M | 2.83M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.92M |
| Other Non-Current Liabilities | 0 | 0 | 0 | 34K | 31K | 236K | 106K | 1.05M |
| Total Liabilities | 60.73M | 68.75M | 62.67M | 51.72M | 74.81M | 61.36M | 24.32M | 30.16M |
| Total Debt | 32.38M | 33.28M | 34.62M | 29.59M | 49.58M | 26.55M | 4.15M | 0 |
| Net Debt | 10.95M | 9.86M | 4.92M | 7.64M | 30.05M | -34.25M | 3.92M | -162K |
| Debt / Equity | 0.20x | 0.19x | 0.19x | 0.15x | 0.24x | 0.09x | 0.02x | - |
| Debt / EBITDA | - | 2.54x | 9.61x | 7.67x | 1.75x | 0.61x | 0.04x | - |
| Net Debt / EBITDA | - | 0.75x | 1.37x | 1.98x | 1.06x | -0.79x | 0.04x | -0.01x |
| Interest Coverage | -32.61x | - | - | -16.63x | 34.96x | - | - | - |
| Total Equity | 165.89M | 177.61M | 177.93M | 191.86M | 203.03M | 279.9M | 224.1M | 324.61M |
| Equity Growth % | -6.6% | -0.18% | -7.27% | -5.5% | -27.46% | 24.9% | -30.96% | - |
| Book Value per Share | 13.18 | 13.87 | 13.72 | 14.35 | 14.58 | 19.68 | 16.14 | 23.38 |
| Total Shareholders' Equity | 165.89M | 177.61M | 177.93M | 191.86M | 203.03M | 279.9M | 224.1M | 324.61M |
| Common Stock | 15K | 15K | 15K | 14K | 14K | 14K | 224.1M | 324.61M |
| Retained Earnings | -83.91M | -74.7M | -74.62M | -62.38M | -50.35M | 14.53M | 0 | 0 |
| Treasury Stock | 0 | -28.42M | -24.57M | -18.56M | -15.03M | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 224.1M | 324.61M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Inventory and channel volatility
According to historical balance sheet data, AOUT's total assets have declined from $240.6M in 2024Q4 to $226.6M in 2026Q4, reflecting a broader trend of balance sheet shrinkage as the company navigates a challenging post-pandemic environment characterized by persistent revenue contraction and ongoing operational headwinds.
The reduction in total assets appears to be driven by a combination of lower cash balances and the gradual amortization of intangible assets. This trend suggests that the company is currently in a phase of consolidation rather than expansion, which may limit its ability to pursue aggressive growth initiatives in the near term.
As reported in recent financial filings, AOUT maintains a disciplined capital structure with a debt-to-equity ratio of 0.20 as of 2026Q4, indicating that management has successfully avoided excessive leverage despite the company's ongoing struggle to achieve consistent bottom-line profitability in a volatile consumer leisure market.
The company's reliance on minimal debt provides a critical buffer against cyclical downturns, allowing it to navigate periods of negative operating margins without immediate solvency concerns. Investors should monitor whether this conservative stance persists if the company continues to burn cash to support its inventory and operational requirements.
Based on the latest quarterly figures, AOUT's cash position fluctuated significantly to $21.4M in 2026Q4, while the current ratio remains elevated at 5.44, suggesting that while the company possesses sufficient short-term liquidity, its cash runway is highly sensitive to seasonal working capital swings and inventory management.
The high current ratio is largely a function of inventory levels rather than cash, which may mask underlying liquidity risks if those assets cannot be converted to cash efficiently. The volatility in cash balances warrants further investigation into the company's ability to fund operations internally without resorting to external financing.
As indicated by the balance sheet, AOUT carries $23.5M in goodwill as of 2026Q4, a figure that has steadily declined from $40.2M in 2024Q4, suggesting that the company is actively writing down the value of past acquisitions as the anticipated synergies fail to materialize in the current environment.
This ongoing impairment of intangible assets may indicate that the 'Dock & Unlock' strategy is facing significant execution challenges, potentially leading to further non-cash charges. Investors should consider that the carrying value of these assets may still be optimistic given the company's current negative net margins and contracting revenue base.
Quick answers to the most common questions about buying AOUT stock.
As of 2026, American Outdoor Brands, Inc. (AOUT) had total assets of $226.6M including $162.7M in current assets.
American Outdoor Brands, Inc. (AOUT) carries total debt of $32.4M, offset by $21.4M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
American Outdoor Brands, Inc. (AOUT) has total shareholders' equity (book value) of $165.9M ($13.18 book value per share). Book value represents the net worth of the company belonging to common stock holders.
American Outdoor Brands, Inc. (AOUT) reported a current ratio of 5.44x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.