Total debt has increased to $426.4 million as of 2026Q1, pushing the debt-to-equity ratio to 0.54 and highlighting a growing reliance on external financing to support operations.
| Total Current Assets | 453.99M | 440.61M | 387.12M | 419.8M | 440.93M | 349.85M | 333.5M | 290.54M | 311.06M | 387.77M | 282.54M | 282.22M | 331.66M |
| Cash & Short-Term Investments | 17.57M | 19.77M | 19.56M | 29.77M | 30.98M | 15.1M | 10.61M | 7.05M | 9.81M | 55.43M | 14.2M | 0 | 6.45M |
| Cash Only | 17.57M | 19.77M | 19.56M | 29.77M | 30.98M | 15.1M | 10.61M | 7.05M | 9.81M | 55.43M | 14.2M | 0 | 0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 229.7M | 175.71M | 146.18M | 166.83M | 185.2M | 179.09M | 135.84M | 106.66M | 160.27M | 196M | 131.67M | 127.55M | 167.33M |
| Days Sales Outstanding | 46.47 | 42.13 | 35.16 | 39.71 | 34.74 | 38.8 | 42.82 | 30.01 | 38.61 | 48.5 | 40.33 | 35.02 | 34.11 |
| Inventory | 201.36M | 236.5M | 212.39M | 211.83M | 215.5M | 149.57M | 180.09M | 171.71M | 137.18M | 129.21M | 128.98M | 150.23M | 155.25M |
| Days Inventory Outstanding | 55.31 | 64.01 | 56.81 | 56.5 | 48.22 | 38.7 | 64.18 | 53.94 | 37.35 | 37.76 | 43.43 | 46.48 | 35.26 |
| Other Current Assets | 5.36M | 8.64M | 8.99M | 11.38M | 9.24M | 6.1M | 6.97M | 5.12M | 3.81M | 7.13M | 7.69M | 4.44M | 9.07M |
| Total Non-Current Assets | 1.26B | 1.27B | 1.21B | 1.08B | 1.05B | 962.14M | 929.9M | 945.43M | 723.56M | 662.5M | 622.42M | 558.77M | 491.39M |
| Property, Plant & Equipment | 1.12B | 1.13B | 1.07B | 948.45M | 925.75M | 904.17M | 879.95M | 891.87M | 672.21M | 612.61M | 575.38M | 527.54M | 468.76M |
| Fixed Asset Turnover | 1.40x | 1.35x | 1.42x | 1.62x | 2.10x | 1.86x | 1.32x | 1.45x | 2.25x | 2.41x | 2.07x | 2.52x | 3.82x |
| Goodwill | 56.19M | 56.19M | 56.19M | 56.19M | 56.19M | 17.59M | 15.01M | 15.01M | 15.01M | 15.01M | 15.01M | 15.01M | 15.01M |
| Intangible Assets | 39.33M | 40.09M | 43.14M | 46.19M | 49.24M | 17.98M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -103.78M | -92.28M | -114.2M | 0 | 0 |
| Other Non-Current Assets | 41.11M | 41.04M | 37.17M | 25.38M | 23.22M | 22.4M | 34.95M | 38.56M | 36.35M | 34.88M | 32.04M | 16.22M | 7.63M |
| Total Assets | 1.71B | 1.71B | 1.59B | 1.5B | 1.5B | 1.31B | 1.26B | 1.24B | 1.03B | 1.05B | 904.96M | 840.99M | 823.05M |
| Asset Turnover | 0.92x | 0.89x | 0.95x | 1.03x | 1.30x | 1.28x | 0.92x | 1.05x | 1.46x | 1.40x | 1.32x | 1.58x | 2.18x |
| Asset Growth % | 35.38% | 6.97% | 6.61% | 0.05% | 13.97% | 3.85% | 2.22% | 19.46% | -1.49% | 16.06% | 7.61% | 2.18% | - |
| Total Current Liabilities | 370.43M | 389.95M | 357.1M | 358.92M | 393.49M | 309.82M | 287.04M | 291.73M | 284.72M | 296.79M | 273.98M | 243.05M | 289.54M |
| Accounts Payable | 284.33M | 284.02M | 228.76M | 259.07M | 272.74M | 221.23M | 190.23M | 205.91M | 229.51M | 227.71M | 223.01M | 192.73M | 232.78M |
| Days Payables Outstanding | 65.97 | 76.87 | 61.19 | 69.1 | 61.03 | 57.25 | 67.79 | 64.68 | 62.49 | 66.54 | 75.1 | 59.63 | 52.87 |
| Short-Term Debt | 43.67M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16.88M | 0 | 0 | 0 |
| Deferred Revenue (Current) | 28.38M | 14.54M | 37.54M | 15.68M | 34.43M | 2.75M | 26.38M | 19.7M | 22.56M | 17.19M | 25.57M | 25.21M | 31.99M |
| Other Current Liabilities | 30.55M | 155K | 0 | 0 | 0 | 0 | 0 | 0 | 29.87M | 34.71M | 0 | 0 | 0 |
| Current Ratio | 1.23x | 1.13x | 1.08x | 1.17x | 1.12x | 1.13x | 1.16x | 1.00x | 1.09x | 1.31x | 1.03x | 1.16x | 1.15x |
| Quick Ratio | 0.68x | 0.52x | 0.49x | 0.58x | 0.57x | 0.65x | 0.53x | 0.41x | 0.61x | 0.87x | 0.56x | 0.54x | 0.61x |
| Cash Conversion Cycle | 35.8 | 29.27 | 30.78 | 27.11 | 21.94 | 20.26 | 39.21 | 19.26 | 13.47 | 19.71 | 8.67 | 21.87 | 16.51 |
| Total Non-Current Liabilities | 544.03M | 500.98M | 463.17M | 397.87M | 363.66M | 400.99M | 532.25M | 543.37M | 329.56M | 377.15M | 415.62M | 118.86M | 116.75M |
| Long-Term Debt | 270M | 215M | 195M | 170M | 115M | 135M | 275M | 297M | 200M | 248.34M | 264.84M | 0 | 0 |
| Capital Lease Obligations | 449.05M | 122.39M | 111.4M | 63.96M | 77.57M | 100.58M | 85.61M | 98.35M | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 616.4M | 154.06M | 145.3M | 151.06M | 160.41M | 133.33M | 125.58M | 110.07M | 103.78M | 92.28M | 114.2M | 114.91M | 111.44M |
| Other Non-Current Liabilities | 10.7M | 9.52M | 11.47M | 12.85M | 10.68M | 32.08M | 46.07M | 37.95M | 25.78M | 36.54M | 36.58M | 3.95M | 5.31M |
| Total Liabilities | 914.46M | 890.93M | 820.27M | 756.78M | 757.15M | 710.81M | 819.28M | 835.09M | 614.29M | 673.95M | 689.6M | 361.92M | 406.29M |
| Total Debt | 426.36M | 382.69M | 348.89M | 266.01M | 230.04M | 271.71M | 389.88M | 433.35M | 200M | 265.21M | 264.84M | 0 | 0 |
| Net Debt | 408.79M | 362.93M | 329.33M | 236.25M | 199.06M | 256.61M | 379.28M | 426.3M | 190.19M | 209.78M | 250.64M | 0 | 0 |
| Debt / Equity | 0.54x | 0.47x | 0.45x | 0.36x | 0.31x | 0.45x | 0.88x | 1.08x | 0.48x | 0.70x | 1.23x | - | - |
| Debt / EBITDA | 4.59x | 2.60x | 2.58x | 1.87x | 0.78x | 1.06x | 3.15x | 3.71x | 1.37x | 1.31x | 2.81x | - | - |
| Net Debt / EBITDA | 4.40x | 2.46x | 2.44x | 1.66x | 0.67x | 1.00x | 3.07x | 3.65x | 1.30x | 1.04x | 2.66x | - | - |
| Interest Coverage | 1.38x | 7.96x | 5.03x | 10.25x | 82.19x | 37.85x | 8.06x | - | 12.45x | - | - | - | - |
| Total Equity | 796.29M | 815.22M | 774.65M | 739.24M | 738.18M | 601.19M | 444.12M | 400.88M | 420.34M | 376.32M | 215.36M | 479.07M | 416.75M |
| Equity Growth % | 22.57% | 5.24% | 4.79% | 0.14% | 22.79% | 35.37% | 10.79% | -4.63% | 11.7% | 74.74% | -55.05% | 14.95% | - |
| Book Value per Share | 29.51 | 29.83 | 28.42 | 26.39 | 25.43 | 20.70 | 15.77 | 13.87 | 13.57 | 12.10 | 7.06 | 15.65 | 13.61 |
| Total Shareholders' Equity | 796.29M | 815.22M | 774.65M | 739.24M | 738.18M | 601.19M | 444.12M | 400.88M | 420.34M | 376.32M | 215.36M | 479.07M | 416.75M |
| Common Stock | 334K | 332K | 330K | 326K | 320K | 318K | 316K | 314K | 306K | 305K | 305K | 482.81M | 421.97M |
| Retained Earnings | 642.95M | 663.02M | 631.54M | 605.07M | 567.52M | 411.52M | 275.24M | 229.17M | 187.82M | 121.98M | -24.71M | 482.81M | 0 |
| Treasury Stock | 0 | -63K | -63K | -58K | -45K | -36K | -36K | -35K | -12K | 0 | 0 | 0 | 0 |
| Accumulated OCI | 9M | 9M | 5.97M | -4.14M | -4.2M | -6.54M | -16.13M | -9.45M | -2.47M | -9.05M | -3.04M | -3.74M | -5.21M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Single-site operational concentration
According to recent financial statements, AdvanSix's total assets have remained relatively flat at $1.7 billion, yet the underlying composition shows a shift toward higher debt levels, which suggests that the company is increasingly relying on external financing to navigate current industrial and agricultural market headwinds.
The stagnation in total asset growth, coupled with rising debt, indicates that the company is not currently expanding its productive capacity in a meaningful way. Investors should monitor whether this trend reflects a defensive posture or a lack of viable growth opportunities within the current commodity price environment.
Based on reported figures, AdvanSix's total debt has climbed from $266.0 million in 2023Q4 to $426.4 million in 2026Q1, pushing the debt-to-equity ratio to 0.54, which suggests that management is utilizing the balance sheet to bridge gaps in operational cash flow during periods of margin compression.
While the current leverage remains manageable, the upward trajectory of debt in a period of strained profitability warrants caution. This reliance on debt to fund operations may limit future financial flexibility if the cyclical downturn in nylon and fertilizer markets persists longer than anticipated.
As reported in recent filings, AdvanSix maintains a cash position of only $17.6 million against a $1.5 billion revenue base, a figure that appears insufficient to provide a meaningful buffer against the volatility inherent in the company's high-fixed-cost, single-site manufacturing model.
The current ratio of 1.23 suggests that while the company can meet its immediate obligations, the lack of significant cash reserves leaves little room for error during unplanned maintenance turnarounds or sudden input cost spikes. This liquidity profile underscores the company's vulnerability to operational disruptions at the Hopewell facility.
Based on an analysis of the balance sheet, the concentration of $1.1 billion in net PPE at a single site represents a significant non-obvious risk, as any regulatory or environmental impairment at the Hopewell facility could lead to a material write-down of the company's primary asset base.
The heavy reliance on a single-site infrastructure creates a binary risk profile that is not fully captured by headline leverage metrics. Investors should consider that the book value of these assets may not reflect their true economic value if environmental compliance costs or operational obsolescence accelerate.
Quick answers to the most common questions about buying ASIX stock.
As of 2025, AdvanSix Inc. (ASIX) had total assets of $1.71B including $440.6M in current assets.
AdvanSix Inc. (ASIX) carries total debt of $382.7M, offset by $19.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
AdvanSix Inc. (ASIX) has total shareholders' equity (book value) of $815.2M ($29.83 book value per share). Book value represents the net worth of the company belonging to common stock holders.
AdvanSix Inc. (ASIX) reported a current ratio of 1.13x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.