Astronics (ATRO) Balance Sheet: Assets & Liabilities

Astronics (ATRO) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Astronics reported total assets of $706.68M and total liabilities of $566.60M. Shareholders' equity was $140.07M, down 45.3% from $256.10M a year earlier. Total debt stood at $340.25M against $18.18M in cash and short-term investments, a net debt position of $322.07M. That puts debt-to-equity at 2.43, compared with 0.68 a year earlier.

Astronics Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Astronics Corporation (ATRO) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	18.18	9.29	4.76	13.78	29.76	40.41	31.91	16.62	17.91
Cash & Short-Term Investments	18.18	9.29	4.76	13.78	29.76	40.41	31.91	16.62	17.91
Accounts Receivable	204.67	139.65	134.98	123.07	84.68	93.06	148.00	182.31	132.63
Inventory	196.86	199.74	191.80	187.98	157.58	157.06	145.79	138.69	150.20
Other Current Assets	18.03	16.56	14.56	15.74	45.09	26.42	17.39	36.56	14.59
Total Current Assets	437.74	426.17	389.78	365.29	339.86	316.95	343.08	374.17	315.33
Non-Current Assets
Property, Plant & Equipment (Net)	139.35	104.30	113.35	103.69	111.41	127.08	138.60	120.86	125.83
Long-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-3.20	-5.12
Goodwill	62.92	58.06	58.21	58.17	58.28	58.28	144.97	124.95	125.65
Intangible Assets	55.35	52.48	65.42	79.28	94.32	109.89	127.29	133.38	153.49
Other Non-Current Assets	11.32	7.76	7.04	8.61	5.27	6.30	28.77	21.27	15.66
Total Non-Current Assets	268.94	222.59	244.01	249.74	269.28	302.80	439.64	400.47	420.63
Total Assets	706.68	648.76	633.79	615.03	609.14	619.75	782.72	774.64	735.96
Current Liabilities
Accounts Payable	41.08	42.96	61.13	64.19	34.86	26.45	35.84	50.66	41.85
Short-Term Debt	5.80	4.70	9.00	4.50	6.78	7.08	6.64	1.87	2.69
Current Portion of Long-Term Debt	-	-	9.00	4.50	-	-	-	-	-
Accrued Liabilities	68.32	74.33	43.06	39.50	47.00	27.61	-	-	-
Deferred Revenue	26.07	27.49	22.03	32.57	27.36	24.57	31.36	26.88	19.61
Other Current Liabilities	68.32	74.33	9.75	8.01	8.18	7.02	45.72	48.37	38.49
Total Current Liabilities	141.28	156.15	143.33	151.61	118.61	93.74	120.64	128.09	102.89
Non-Current Liabilities
Long-Term Debt	334.45	168.67	159.24	159.50	163.00	173.00	211.84	236.89	269.08
Deferred Tax Liabilities	0.64	1.43	1.31	1.87	1.42	2.91	3.92	3.20	5.12
Other Non-Current Liabilities	52.78	21.82	26.73	25.58	26.28	25.85	57.46	19.84	28.94
Total Non-Current Liabilities	425.33	236.52	240.94	223.50	233.92	255.64	273.22	259.92	303.14
Total Liabilities	566.60	392.67	384.27	375.11	352.53	349.37	393.86	388.02	406.03
Stockholders' Equity
Common Stock	0.39	0.38	0.37	0.35	0.35	0.28	0.35	0.34	0.30
Retained Earnings	216.70	192.21	209.75	240.36	287.23	312.80	428.58	376.57	325.19
Accumulated Other Comprehensive Income	-4.41	-3.86	-9.43	-9.53	-14.50	-16.38	-15.63	-13.33	-13.35
Treasury Stock	77.50	76.78	80.73	89.90	108.52	-	-	-	-
Additional Paid-in Capital	144.10	144.15	129.54	98.63	92.04	-26.33	-24.44	23.04	17.75
Shares Outstanding	42.81	42.32	41.43	38.74	31.48	-	-	-	-
Total Stockholders' Equity	140.07	256.10	249.52	239.92	256.60	270.37	388.86	386.63	329.93
Total Liabilities & Equity	706.68	648.76	633.79	615.03	609.14	619.75	782.72	774.64	735.96

Source: Company financial statements from annual and quarterly filings. Data as of Jul 4, 2026. Data sources and methodology

Frequently Asked Questions About Astronics Balance Sheet

How much debt does Astronics have?

Astronics had total debt of $340.25M as of Dec 31, 2025, against $18.18M in cash and short-term investments. Its debt-to-equity ratio was 2.43. Total debt was $173.37M a year earlier.

What are Astronics's total assets?

Astronics reported total assets of $706.68M as of Dec 31, 2025, up 8.9% from $648.76M a year earlier. Total liabilities were $566.60M.

What is Astronics's shareholders' equity?

Astronics's shareholders' equity was $140.07M as of Dec 31, 2025, or about $3.27 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition