Atlantic American Corporation (AAME) Balance Sheet
AAME balance sheet, 2024
December 31, 2024 · U.S. dollars$393.4M assets = $293.8M liabilities + $99.6M equity
Both columns are drawn to the same scale: what AAME owns equals what it owes plus shareholders’ equity. Hover a block for its value.
AAME financial health
Descriptive bands, not a rating. Fiscal 2024.
AAME balance sheet trends, 2015–2024
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $314.6M2015 | $393.4M2024 | +2.5%/yr | |
| Total liabilities | $212.1M2015 | $293.8M2024 | +3.7%/yr | |
| Shareholders’ equity | $102.5M2015 | $99.6M2024 | −0.3%/yr | |
| Cash & short-term investments | $254.0M2015 | $35.6M2024 | −19.6%/yr | |
| Total debt | $33.7M2015 | $37.8M2024 | +1.3%/yr | |
| Net cash (debt) | $220.3M2015 | −$2.2M2024 | −$222.5M | |
| Working capital | −$162.8M2015 | $31.5M2024 | +$194.3M | |
| Book value per share | $4.442015 | $4.882024 | +1.1%/yr | |
| Debt / equity | 0.332015 | 0.382024 | +0.05 | |
| Shares outstanding | 23.1M2015 | 20.4M2024 | −1.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
AAME assets
AAME liabilities and equity
AAME debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
AAME balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $35.6M | $65.6M | $237.6M | $285.7M | $273.4M | $245.4M | $223.0M | $272.1M | $257.4M | $254.0M |
| Cash & equivalents | $35.6M | $28.3M | $28.9M | $24.8M | $19.3M | $12.9M | $12.6M | $272.1M | $257.4M | $254.0M |
| Short-term investments | $36.9M | $37.3M | $208.7M | $261.0M | $254.1M | $232.5M | $210.4M | $7.8M | $12.0M | $8.7M |
| Receivables | $50.4M | $44.8M | $41.3M | $42.4M | $56.6M | $45.3M | $41.3M | $30.9M | $24.3M | $23.7M |
| Inventory | $0 | $0 | −$48.0M | −$41.4M | −$48.9M | −$26.0M | $0 | −$247.5M | −$244.2M | −$238.4M |
| Other current assets | $0 | $0 | $0 | $41.4M | $48.9M | $26.0M | $0 | $0 | $0 | $0 |
| Total current assets | $35.6M | $28.3M | $28.9M | $328.1M | $330.0M | $290.6M | $12.6M | $24.5M | $13.3M | $15.6M |
| Property, plant & equipment (net) | $5.2M | $2.6M | $3.4M | $282.1M | $275.3M | $258.9M | −$4.2M | −$593,000 | −$160,000 | −$829,000 |
| Goodwill & intangible assets | $2.5M | $46.4M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M |
| Long-term investments | $221.8M | $228.9M | $221.5M | $281.3M | $274.1M | $268.6M | $232.4M | $239.7M | $232.2M | $238.4M |
| Other non-current assets | $128.3M | $75.1M | $110.7M | $0 | $0 | $0 | $100.9M | $77.0M | $70.8M | $58.9M |
| Total assets | $393.4M | $381.3M | $367.1M | $402.3M | $405.2M | $377.6M | $344.3M | $343.2M | $318.6M | $314.6M |
| Liabilities | ||||||||||
| Accounts payable | — | $24.8M | $26.5M | $25.5M | $26.4M | $23.6M | $20.1M | $22.3M | $16.7M | $15.0M |
| Short-term debt | $4.0M | $3.0M | $1.0M | $1.0M | $1.0M | — | — | $33.7M | $33.7M | $33.7M |
| Deferred revenue | — | — | −$24.5M | $2 | $1 | $314,000 | — | — | — | — |
| Total current liabilities | $4.0M | $67.4M | $2.0M | $1.8M | $27.7M | $49.3M | $209.2M | $196.5M | $179.4M | $178.4M |
| Long-term debt | $33.7M | $33.7M | $33.7M | $33.7M | $33.7M | $33.7M | $33.7M | $33.7M | $33.7M | $33.7M |
| Other long-term liabilities | $256.1M | $240.3M | $0 | $0 | $1.3M | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $293.8M | $274.0M | $264.9M | $261.0M | $260.1M | $259.2M | $242.9M | $230.3M | $213.1M | $212.1M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $22.4M | $22.4M | $22.4M | $22.4M | $22.4M | $22.4M | $22.4M | $22.4M | $22.4M | $22.4M |
| Retained earnings (deficit) | $45.9M | $50.9M | $52.0M | $51.3M | $47.8M | $36.0M | $37.2M | $31.0M | $27.3M | $25.4M |
| Treasury stock | — | — | — | — | −$7.3M | −$7.6M | −$8.0M | −$7.1M | −$6.7M | −$6.3M |
| Accumulated other comprehensive income | −$18.7M | −$16.1M | −$22.1M | $17.7M | $25.0M | $10.5M | −$7.5M | $9.8M | $5.8M | $4.6M |
| Minority interest | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $99.6M | $107.3M | $102.2M | $141.3M | $145.1M | $118.4M | $101.4M | $113.0M | $105.5M | $102.5M |
| Key figures | ||||||||||
| Total debt | $37.8M | $36.8M | $35.7M | $33.7M | $33.7M | $33.7M | $33.7M | $33.7M | $33.7M | $33.7M |
| Net cash (debt) | −$2.2M | $28.9M | $201.8M | $252.0M | $239.7M | $211.6M | $189.3M | $238.3M | $223.7M | $220.3M |
| Working capital | $31.5M | −$39.1M | $26.9M | $326.4M | $302.3M | $241.3M | −$196.5M | −$172.0M | −$166.1M | −$162.8M |
| Tangible book value | $97.1M | $60.9M | $99.6M | $138.7M | $142.5M | $115.8M | $98.8M | $110.4M | $103.0M | $99.9M |
| Book value per share | $4.88 | $5.26 | $5.01 | $6.93 | $6.65 | $5.84 | $5.00 | $4.99 | $4.40 | $4.44 |
| Shares outstanding | 20.4M | 20.4M | 20.4M | 20.4M | 21.8M | 20.3M | 20.3M | 22.6M | 24.0M | 23.1M |
| Current ratio | 8.84 | 0.42 | 14.37 | 186.96 | 11.91 | 5.89 | 0.06 | 0.12 | 0.07 | 0.09 |
| Quick ratio | 21.37 | 1.64 | 138.82 | 186.96 | 11.91 | 5.89 | 1.26 | 1.54 | 1.57 | 1.56 |
| Debt / equity | 0.38 | 0.34 | 0.35 | 0.24 | 0.23 | 0.28 | 0.33 | 0.30 | 0.32 | 0.33 |
| Equity / assets | 25.3% | 28.1% | 27.8% | 35.1% | 35.8% | 31.4% | 29.4% | 32.9% | 33.1% | 32.6% |
| Sep '26 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Sep '23 | Jun '23 | Mar '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | $43.6M | $34.4M | $84.3M | $67.3M | $35.6M | $63.7M | $61.6M | $62.3M | $58.3M | $232.7M | $231.6M |
| Cash & equivalents | $43.6M | $34.4M | $46.4M | $35.9M | $35.6M | $23.0M | $21.2M | $21.2M | $23.9M | $24.2M | $13.5M |
| Short-term investments | — | $44.8M | $37.9M | $31.4M | $36.9M | $40.6M | $40.4M | $41.1M | $34.4M | $208.5M | $218.0M |
| Receivables | $0 | $42.4M | $72.6M | $43.0M | $50.4M | $52.1M | $56.7M | $35.6M | $46.5M | $53.1M | $36.5M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | −$118.3M | −$97.9M | −$95.9M | −$316.8M | −$282.2M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $21.2M | $42.7M | $15.0M | $55.2M | $27.7M |
| Total current assets | $43.6M | $34.4M | $46.4M | $35.9M | $35.6M | $23.0M | $21.2M | $42.7M | $23.9M | $24.2M | $13.5M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $5.2M | $0 | $2.2M | $2.4M | $2.8M | $3.0M | $3.2M |
| Goodwill & intangible assets | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M |
| Long-term investments | $0 | $247.1M | $225.8M | $224.4M | $221.8M | $230.7M | $227.4M | $229.0M | $212.5M | $228.0M | $228.5M |
| Other non-current assets | $387.8M | $146.7M | $154.5M | $125.6M | $128.3M | $130.7M | $132.6M | $89.2M | $119.8M | $115.2M | $105.8M |
| Total assets | $433.9M | $430.9M | $429.3M | $388.4M | $393.4M | $387.0M | $386.0M | $365.8M | $361.6M | $373.0M | $353.6M |
| Liabilities | |||||||||||
| Accounts payable | — | — | — | — | — | — | $56.7M | $21.4M | $24.1M | $23.4M | $21.2M |
| Short-term debt | — | $4.0M | $4.0M | $4.0M | $4.0M | $4.0M | $4.0M | $4.0M | $3.0M | $3.0M | $3.0M |
| Deferred revenue | — | $36.9M | — | — | — | — | — | — | −$21.1M | −$20.4M | −$18.2M |
| Total current liabilities | — | $150.4M | — | — | $4.0M | $4.0M | $68.7M | $68.3M | $3.0M | $3.0M | $3.0M |
| Long-term debt | $0 | $33.7M | $33.7M | $33.7M | $33.7M | $33.7M | $33.7M | $33.7M | $33.7M | $36.7M | $33.7M |
| Other long-term liabilities | — | $264.9M | $289.4M | $252.3M | $256.1M | $247.5M | $251.6M | $229.2M | $229.1M | $0 | $0 |
| Total liabilities | $313.1M | $321.4M | $323.2M | $286.1M | $293.8M | $281.2M | $285.3M | $262.9M | $262.9M | $269.5M | $249.2M |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | $22.4M | $22.4M | $22.4M | $22.4M | $22.4M | $22.4M | $22.4M | $22.4M | $22.4M | $22.4M | $22.4M |
| Retained earnings (deficit) | $48.7M | $49.8M | $49.4M | $46.1M | $45.9M | $45.5M | $47.6M | $48.4M | $53.3M | $52.0M | $50.4M |
| Accumulated other comprehensive income | −$390,000 | −$12.8M | −$15.7M | −$16.2M | −$18.7M | −$12.3M | −$19.4M | −$18.1M | −$27.0M | −$21.0M | −$18.4M |
| Total shareholders' equity | $120.8M | $109.5M | $106.2M | $102.4M | $99.6M | $105.8M | $100.7M | $102.8M | $98.7M | $103.5M | $104.4M |
| Key figures | |||||||||||
| Total debt | — | $37.8M | $37.8M | $37.8M | $37.8M | $37.8M | $37.8M | $37.8M | $36.8M | $39.7M | $36.7M |
| Net cash (debt) | — | −$3.3M | $46.5M | $29.5M | −$2.2M | $25.9M | $23.8M | $24.5M | $21.5M | $193.0M | $194.8M |
| Working capital | — | −$116.0M | — | — | $31.5M | $19.0M | −$47.5M | −$25.6M | $20.9M | $21.2M | $10.5M |
| Tangible book value | $118.2M | $106.9M | $103.6M | $99.8M | $97.1M | $103.2M | $98.1M | $100.3M | $96.2M | $100.9M | $101.8M |
| Book value per share | — | $5.03 | $4.88 | $5.02 | $4.88 | $5.18 | $4.93 | $5.04 | $4.53 | $4.75 | $5.11 |
| Shares outstanding | — | 21.8M | 21.8M | 20.4M | 20.4M | 20.4M | 20.4M | 20.4M | 21.8M | 21.8M | 20.4M |
| Current ratio | — | 0.23 | — | — | 8.84 | 5.72 | 0.31 | 0.62 | 7.92 | 8.08 | 4.52 |
| Quick ratio | — | 0.51 | — | — | 21.37 | 28.77 | 1.72 | 1.43 | 34.72 | 95.27 | 89.35 |
| Debt / equity | — | 0.34 | 0.36 | 0.37 | 0.38 | 0.36 | 0.38 | 0.37 | 0.37 | 0.38 | 0.35 |
| Equity / assets | 27.8% | 25.4% | 24.7% | 26.4% | 25.3% | 27.3% | 26.1% | 28.1% | 27.3% | 27.7% | 29.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 25, 2025); data from EODHD.
AAME financial position
At the end of fiscal 2024 (December 31, 2024), Atlantic American had total assets of $393.4 million (up 3.2% from a year earlier), total liabilities of $293.8 million and shareholders' equity of $99.6 million. It held $35.6 million in cash and short-term investments against $37.8 million of debt, net debt of $2.2 million. Its current ratio was 8.84. In the latest quarter (ended September 30, 2026) total assets were $433.9 million and equity $120.8 million.
Related: AAME income statement, AAME cash flow statement, AAME key metrics. See the AAME stock overview for the latest quote and news.
AAME balance sheet FAQ
What are Atlantic American's total assets?
Atlantic American reported total assets of $393.4 million at the end of fiscal 2024 (December 31, 2024), compared with $381.3 million a year earlier.
How much debt does Atlantic American have?
Atlantic American had $37.8 million of total debt at the end of fiscal 2024, including short-term borrowings. Its debt-to-equity ratio was 0.38.
How much cash does Atlantic American have?
Atlantic American held $35.6 million in cash and short-term investments at the end of fiscal 2024; with $37.8 million of debt that is net debt of $2.2 million.
What is Atlantic American's book value?
Atlantic American's shareholders' equity (book value) was $99.6 million at the end of fiscal 2024, or $4.88 per share.
What is Atlantic American's current ratio?
Atlantic American had current assets of $35.6 million and current liabilities of $4.0 million, a current ratio of 8.84 (it can cover its short-term obligations).
How much goodwill does Atlantic American have?
Atlantic American carried $2.5 million of goodwill and intangible assets, 0.6% of total assets, at the end of fiscal 2024.