The company's financial leverage has increased, with the debt-to-equity ratio rising to 1.00 in 2026Q1 from 0.88 in 2025Q4, reflecting a narrowing margin of safety.
| Total Current Assets | 1.1B | 1.08B | 1.06B | 1.19B | 1.24B | 1.11B | 1.12B | 1.39B |
| Cash & Short-Term Investments | 130M | 135M | 205M | 220M | 360M | 159M | 95M | 135M |
| Cash Only | 130M | 135M | 205M | 220M | 360M | 159M | 95M | 135M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 398M | 443M | 455M | 455M | 480M | 428M | 621M | 711M |
| Days Sales Outstanding | 46 | 48.25 | 44.02 | 44.63 | 48.29 | 55.24 | 95.04 | 64.6 |
| Inventory | 483M | 418M | 361M | 404M | 364M | 279M | 342M | 443M |
| Days Inventory Outstanding | 59.92 | 58.32 | 46.51 | 52.5 | 50.73 | 47.52 | 64.71 | 61.29 |
| Other Current Assets | 86M | 80M | 42M | 114M | 39M | 242M | 61M | 104M |
| Total Non-Current Assets | 1.74B | 1.69B | 1.54B | 1.68B | 1.47B | 1.49B | 1.79B | 2.08B |
| Property, Plant & Equipment | 1.51B | 1.46B | 1B | 1.06B | 852M | 804M | 1.31B | 1.58B |
| Fixed Asset Turnover | 2.54x | 2.30x | 3.77x | 3.51x | 4.26x | 3.52x | 1.82x | 2.53x |
| Goodwill | 121M | 114M | 111M | 139M | 128M | 122M | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 143M | 179M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 109M | 114M | 428M | 480M | 487M | 563M | 336M | 313M |
| Total Assets | 2.83B | 2.76B | 2.6B | 2.87B | 2.71B | 2.6B | 2.91B | 3.47B |
| Asset Turnover | 1.20x | 1.21x | 1.45x | 1.30x | 1.34x | 1.09x | 0.82x | 1.16x |
| Asset Growth % | 7.53% | 6.11% | -9.33% | 5.98% | 4.35% | -10.79% | -16.11% | - |
| Total Current Liabilities | 758M | 716M | 682M | 695M | 728M | 758M | 490M | 580M |
| Accounts Payable | 407M | 381M | 375M | 421M | 453M | 387M | 259M | 311M |
| Days Payables Outstanding | 53.38 | 53.16 | 48.31 | 54.7 | 63.13 | 65.91 | 49.01 | 43.03 |
| Short-Term Debt | 174M | 90M | 22M | 28M | 29M | 41M | 18M | 21M |
| Deferred Revenue (Current) | 5M | 0 | 0 | 0 | 0 | 0 | 11M | 0 |
| Other Current Liabilities | 119M | 190M | 206M | 183M | 165M | 282M | 134M | 174M |
| Current Ratio | 1.45x | 1.50x | 1.56x | 1.72x | 1.71x | 1.46x | 2.28x | 2.40x |
| Quick Ratio | 0.81x | 0.92x | 1.03x | 1.14x | 1.21x | 1.09x | 1.59x | 1.64x |
| Cash Conversion Cycle | 52.54 | 53.42 | 42.21 | 42.42 | 35.89 | 36.85 | 110.74 | 82.87 |
| Total Non-Current Liabilities | 1.1B | 1.08B | 1.07B | 1.28B | 1.3B | 1.66B | 309M | 373M |
| Long-Term Debt | 754M | 763M | 782M | 931M | 1B | 1.36B | 1M | 2M |
| Capital Lease Obligations | 103M | 0 | 0 | 0 | 0 | 0 | 53M | 51M |
| Deferred Tax Liabilities | 653M | 175M | 152M | 189M | 183M | 169M | 170M | 236M |
| Other Non-Current Liabilities | 111M | 143M | 141M | 156M | 118M | 131M | 85M | 84M |
| Total Liabilities | 1.85B | 1.8B | 1.76B | 1.97B | 2.03B | 2.42B | 799M | 953M |
| Total Debt | 981M | 853M | 804M | 959M | 1.03B | 1.4B | 72M | 74M |
| Net Debt | 851M | 718M | 599M | 739M | 672M | 1.24B | -23M | -61M |
| Debt / Equity | 1.00x | 0.88x | 0.95x | 1.06x | 1.52x | 7.68x | 0.03x | 0.03x |
| Debt / EBITDA | 2.52x | 1.99x | 1.33x | 1.76x | 1.61x | 3.09x | 0.32x | 0.11x |
| Net Debt / EBITDA | 2.19x | 1.68x | 0.99x | 1.35x | 1.05x | 2.74x | -0.10x | -0.09x |
| Interest Coverage | 4.79x | 5.42x | 8.64x | 7.15x | 7.00x | 11.58x | 24.75x | 126.50x |
| Total Equity | 979M | 966M | 847M | 901M | 678M | 182M | 2.11B | 2.52B |
| Equity Growth % | 41.68% | 14.05% | -5.99% | 32.89% | 272.53% | -91.38% | -16.09% | - |
| Book Value per Share | 24.48 | 23.56 | 20.17 | 21.10 | 15.27 | 4.14 | 47.88 | 57.07 |
| Total Shareholders' Equity | 979M | 966M | 847M | 901M | 678M | 182M | 2.11B | 2.52B |
| Common Stock | 46M | 46M | 45M | 45M | 44M | 44M | 0 | 0 |
| Retained Earnings | 2.49B | 2.51B | 2.46B | 2.22B | 2.03B | 1.94B | 0 | 0 |
| Treasury Stock | -336M | -330M | -234M | -158M | -82M | 0 | 0 | 0 |
| Accumulated OCI | -1.32B | -1.35B | -1.49B | -1.26B | -1.34B | -1.8B | 2.11B | 2.52B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Secular Uncoated Freesheet Decline
According to recent quarterly filings, Sylvamo has maintained a relatively stable total asset base of $2.8 billion as of 2026Q1, despite a persistent revenue decline that suggests the company is struggling to right-size its capital base in response to the secular erosion of paper demand.
The stability in total assets, despite declining top-line performance, suggests that the company is not yet aggressively impairing its asset base, which may mask underlying value destruction. Investors should monitor whether this static asset profile reflects a disciplined maintenance strategy or a reluctance to acknowledge the diminished economic utility of older mill assets.
Based on reported financial statements, Sylvamo's debt-to-equity ratio has fluctuated, reaching 1.00 in 2026Q1 compared to 0.88 in 2025Q4, indicating that management's efforts to deleverage are being challenged by the simultaneous contraction in equity and the necessity of maintaining liquidity during a cyclical downturn.
The increase in leverage metrics suggests that the company's ability to service its debt may be tightening as operating cash flows weaken. While the current debt load appears manageable, the trend toward higher leverage in a contracting revenue environment warrants close scrutiny regarding future refinancing flexibility.
As reported in recent balance sheet data, Sylvamo's current ratio has compressed to 1.45 in 2026Q1 from a peak of 1.72 in 2024Q3, signaling a narrowing margin of safety as cash reserves are depleted to fund ongoing operations and shareholder returns during a period of negative free cash flow.
The decline in liquidity metrics suggests that the company's working capital management is becoming increasingly strained. This reduction in the cash buffer may limit the firm's ability to navigate unexpected operational shocks or prolonged maintenance outages without resorting to additional external financing.
Based on the provided figures, net property, plant, and equipment (PPE) stood at $1.5 billion in 2026Q1, representing a significant portion of the $2.8 billion total asset base, which underscores the company's high capital intensity and the inherent risk of asset impairment if utilization rates continue to slide.
The heavy concentration of capital in long-lived mill assets implies that the company is highly sensitive to capacity utilization levels. If the secular decline in uncoated freesheet demand persists, the carrying value of these assets may require downward adjustments, potentially impacting future book value and equity quality.
Quick answers to the most common questions about buying SLVM stock.
As of 2025, Sylvamo Corporation (SLVM) had total assets of $2.76B including $1.08B in current assets.
Sylvamo Corporation (SLVM) carries total debt of $853.0M, offset by $135.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Sylvamo Corporation (SLVM) has total shareholders' equity (book value) of $966.0M ($23.56 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Sylvamo Corporation (SLVM) reported a current ratio of 1.50x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.