AZZ (AZZ) Balance Sheet: Assets & Liabilities

AZZ (AZZ) Balance Sheet

As of Feb 28, 2026 (end of fiscal 2026), AZZ reported total assets of $2.21B and total liabilities of $876.44M. Shareholders' equity was $1.34B, up 27.9% from $1.05B a year earlier. Total debt stood at $538.39M against $705.00K in cash and short-term investments, a net debt position of $537.68M. That puts debt-to-equity at 0.40, compared with 0.83 a year earlier.

AZZ Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for AZZ Inc. (AZZ) - Annual data in billions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Feb 2026	Feb 2025	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017
Current Assets
Cash and Cash Equivalents	0.00	0.00	0.00	0.00	0.01	0.01	0.04	0.02	0.02	0.01
Cash & Short-Term Investments	0.00	0.00	0.00	0.00	0.01	0.01	0.04	0.02	0.02	0.01
Accounts Receivable	0.27	0.14	0.24	0.16	0.09	0.19	0.21	0.22	0.19	0.19
Inventory	0.11	0.11	0.12	0.14	0.08	0.09	0.10	0.12	0.11	0.12
Other Current Assets	0.01	0.01	0.01	0.01	0.00	0.01	0.01	0.01	0.00	-0.03
Total Current Assets	0.40	0.38	0.37	0.42	0.39	0.30	0.35	0.38	0.33	0.30
Non-Current Assets
Property, Plant & Equipment (Net)	0.67	0.62	0.57	0.52	0.21	0.21	0.21	0.21	0.22	0.23
Long-Term Investments	0.02	0.10	0.10	0.08	0.00	-0.04	-0.04	-0.49	-0.52	-0.45
Goodwill	0.71	0.70	0.71	0.70	0.19	0.35	0.36	0.32	0.32	0.31
Intangible Assets	0.41	0.42	0.45	0.47	0.04	0.10	0.11	0.13	0.16	0.15
Other Non-Current Assets	0.00	0.00	0.01	0.01	0.31	0.04	0.04	0.50	0.48	0.45
Total Non-Current Assets	1.82	1.85	1.83	1.80	0.75	0.69	0.72	0.71	0.70	0.68
Total Assets	2.21	2.23	2.20	2.22	1.13	1.00	1.07	1.09	1.03	0.98
Current Liabilities
Accounts Payable	0.11	0.11	0.09	0.08	0.02	0.04	0.06	0.05	0.05	0.05
Short-Term Debt	0.01	0.02	0.01	0.01	0.00	0.01	0.13	0.01	0.01	0.02
Accrued Liabilities	0.11	0.09	0.10	0.07	0.03	0.05	-	-	-	-
Deferred Revenue	0.00	0.00	0.00	0.00	0.04	0.02	0.02	0.06	0.02	0.02
Other Current Liabilities	0.11	0.00	0.09	0.07	0.09	0.05	0.06	0.05	0.04	0.05
Total Current Liabilities	0.23	0.22	0.19	0.19	0.15	0.12	0.28	0.16	0.13	0.14
Non-Current Liabilities
Long-Term Debt	0.53	0.85	0.97	1.06	0.23	0.21	0.12	0.28	0.29	0.25
Deferred Tax Liabilities	0.07	0.04	0.04	0.04	0.05	0.04	0.00	0.04	0.03	0.05
Other Non-Current Liabilities	0.04	0.02	0.06	0.02	0.01	0.01	0.00	0.00	0.01	0.00
Total Non-Current Liabilities	0.64	0.96	1.07	1.18	0.32	0.26	0.16	0.32	0.33	0.31
Total Liabilities	0.88	1.18	1.26	1.37	0.47	0.38	0.44	0.48	0.46	0.45
Stockholders' Equity
Common Stock	0.03	0.03	0.03	0.02	0.02	0.03	0.03	0.03	0.03	0.03
Retained Earnings	0.88	0.61	0.58	0.51	0.58	0.55	0.57	0.56	0.53	0.50
Accumulated Other Comprehensive Income	-0.01	-0.01	0.00	0.00	-0.03	-0.03	-0.03	-0.03	-0.03	-0.03
Additional Paid-in Capital	0.43	0.42	0.10	0.09	0.09	0.08	0.07	0.05	0.04	0.04
Shares Outstanding	0.03	0.03	0.03	0.02	0.02	-	-	-	-	-
Total Stockholders' Equity	1.34	1.05	0.93	0.85	0.67	0.62	0.63	0.60	0.57	0.53
Total Liabilities & Equity	2.21	2.23	2.20	2.22	1.13	1.00	1.07	1.09	1.03	0.98

Source: Company financial statements from annual and quarterly filings. Data as of May 31, 2026. Data sources and methodology

Frequently Asked Questions About AZZ Balance Sheet

How much debt does AZZ have?

AZZ had total debt of $538.39M as of Feb 28, 2026, against $705.00K in cash and short-term investments. Its debt-to-equity ratio was 0.40. Total debt was $867.86M a year earlier.

What are AZZ's total assets?

AZZ reported total assets of $2.21B as of Feb 28, 2026, down 0.6% from $2.23B a year earlier. Total liabilities were $876.44M.

What is AZZ's shareholders' equity?

AZZ's shareholders' equity was $1.34B as of Feb 28, 2026, or about $44.75 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