Accel Entertainment, Inc. (ACEL) Balance Sheet
ACEL balance sheet, 2025
December 31, 2025 · U.S. dollars$1.13B assets = $852.8M liabilities + $273.8M equity
Both columns are drawn to the same scale: what ACEL owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ACEL financial health
Descriptive bands, not a rating. Fiscal 2025.
ACEL balance sheet trends, 2017–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $450.5M2017 | $1.13B2025 | +12.1%/yr | |
| Total liabilities | $15.9M2017 | $852.8M2025 | +64.5%/yr | |
| Shareholders’ equity | $434.6M2017 | $269.7M2025 | −5.8%/yr | |
| Cash & short-term investments | $372,0732017 | $296.6M2025 | +130.5%/yr | |
| Total debt | $178.4M2017 | $629.4M2025 | +17.1%/yr | |
| Net cash (debt) | −$178.1M2017 | −$332.8M2025 | −$154.7M | |
| Working capital | $349,4052017 | $211.5M2025 | +$211.2M | |
| Book value per share | $11.732017 | $3.122025 | −15.3%/yr | |
| Current ratio | 3.222017 | 2.612025 | −0.61 | |
| Debt / equity | 0.412017 | 2.332025 | +1.92 | |
| Shares outstanding | 37.0M2017 | 86.4M2025 | +11.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ACEL assets
ACEL liabilities and equity
ACEL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ACEL balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $296.6M | $281.3M | $261.6M | $256.2M | $230.9M | $134.5M | $136.4M | $92.2M | $372,073 |
| Cash & equivalents | $296.6M | $281.3M | $261.6M | $224.1M | $198.8M | $134.5M | $125.4M | $92.2M | $372,073 |
| Short-term investments | — | — | $8.1M | $32.1M | $32.1M | $30.1M | $11.0M | — | — |
| Receivables | $23.3M | $10.6M | $13.5M | $11.2M | $5.1M | $3.3M | $3.9M | $2.1M | $666,785 |
| Inventory | $8.2M | $8.1M | $7.7M | $6.9M | $1.9M | $5.5M | $4.2M | −$2.1M | $0 |
| Other current assets | $14.9M | $26.2M | $29.8M | $24.9M | $10.1M | $8.6M | $7.0M | $9.8M | $0 |
| Total current assets | $343.0M | $326.2M | $312.6M | $299.2M | $248.0M | $152.0M | $151.5M | $102.0M | $506,795 |
| Property, plant & equipment (net) | $358.2M | $308.0M | $270.1M | $211.8M | $152.3M | $143.6M | $119.2M | $92.4M | $81.3M |
| Goodwill & intangible assets | $361.9M | $396.1M | $317.6M | $331.4M | $212.8M | $213.5M | $218.7M | $140.0M | $98.2M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $19.0M | $456.9M | $0 |
| Other non-current assets | $63.4M | $18.2M | $12.6M | $20.3M | $3.0M | $86.2M | $928,000 | $0 | $270.5M |
| Total assets | $1.13B | $1.05B | $912.9M | $862.8M | $616.1M | $595.3M | $509.3M | $457.5M | $450.5M |
| Liabilities | |||||||||
| Accounts payable | $48.1M | $41.9M | $33.5M | $22.3M | $14.6M | $23.7M | $17.1M | $12.4M | $2.8M |
| Short-term debt | $43.0M | $34.4M | $28.5M | $23.5M | $17.5M | $19.9M | $15.0M | $12.5M | $9.0M |
| Deferred revenue | — | — | $1 | $37.0M | — | — | — | −$79.8M | −$58.8M |
| Total current liabilities | $131.5M | $118.4M | $109.7M | $89.9M | $71.8M | $52.4M | $54.9M | $252,472 | $157,390 |
| Long-term debt | $569.8M | $560.9M | $514.1M | $518.6M | $324.0M | $321.9M | $334.7M | $168.9M | $121.9M |
| Lease obligations | — | — | — | — | — | — | $0 | — | — |
| Other long-term liabilities | $151.5M | $109.8M | $116.8M | $75.7M | $61.8M | $93.1M | $162.7M | $0 | $0 |
| Total liabilities | $852.8M | $789.1M | $714.5M | $684.2M | $457.6M | $467.4M | $552.3M | $16.0M | $15.9M |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $9,000 | $8,000 | $436.5M | $429.6M |
| Retained earnings (deficit) | $186.2M | $134.7M | $99.5M | $53.9M | −$20.2M | −$51.8M | −$51.4M | $5.0M | −$376,372 |
| Accumulated other comprehensive income | $188,000 | $4.1M | $7.9M | $12.2M | $0 | $93,000 | $0 | $0 | −$3.3M |
| Minority interest | $4.1M | $4.3M | $0 | — | — | — | — | — | — |
| Total shareholders' equity | $269.7M | $255.0M | $198.4M | $178.6M | $158.5M | $127.9M | −$43.0M | $441.5M | $434.6M |
| Key figures | |||||||||
| Total debt | $629.4M | $595.4M | $542.6M | $542.0M | $341.5M | $345.8M | $349.7M | $250.7M | $178.4M |
| Net cash (debt) | −$332.8M | −$314.1M | −$281.0M | −$285.9M | −$110.7M | −$211.4M | −$213.3M | −$158.5M | −$178.1M |
| Working capital | $211.5M | $207.8M | $202.9M | $209.3M | $176.2M | $99.6M | $96.5M | $101.8M | $349,405 |
| Tangible book value | −$92.2M | −$141.0M | −$119.2M | −$152.8M | −$54.3M | −$85.6M | −$261.7M | $301.4M | $336.4M |
| Book value per share | $3.12 | $3.00 | $2.29 | $1.96 | $1.67 | $1.54 | −$0.70 | $7.10 | $11.73 |
| Shares outstanding | 86.4M | 85.0M | 86.8M | 91.2M | 94.6M | 83.0M | 61.9M | 62.2M | 37.0M |
| Current ratio | 2.61 | 2.76 | 2.85 | 3.33 | 3.45 | 2.90 | 2.76 | 404.05 | 3.22 |
| Quick ratio | 2.43 | 2.47 | 2.51 | 2.97 | 3.28 | 2.63 | 2.55 | 373.63 | 6.60 |
| Debt / equity | 2.33 | 2.33 | 2.73 | 3.04 | 2.16 | 2.70 | — | 0.57 | 0.41 |
| Equity / assets | 23.9% | 24.3% | 21.7% | 20.7% | 25.7% | 21.5% | −8.4% | 96.5% | 96.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $255.5M | $274.1M | $296.6M | $292.2M | $264.6M | $271.9M | $281.3M | $265.1M | $254.9M | $253.9M | $261.6M | $230.4M |
| Cash & equivalents | $255.5M | $274.1M | $296.6M | $292.2M | $264.6M | $271.9M | $281.3M | $265.1M | $254.9M | $253.9M | $261.6M | $230.4M |
| Short-term investments | — | — | — | — | — | — | — | — | $17.3M | $8.9M | $8.1M | $9.9M |
| Receivables | $41.0M | $17.5M | $23.3M | $8.7M | $11.8M | $12.7M | $10.6M | $7.8M | $15.1M | $13.7M | $13.5M | $13.4M |
| Inventory | $9.6M | $8.6M | $8.2M | $9.6M | $9.7M | $8.6M | $8.1M | $9.1M | $7.5M | $7.8M | $7.7M | $6.8M |
| Other current assets | $18.2M | $17.2M | $14.9M | $23.2M | $24.1M | $23.3M | $26.2M | $41.3M | $44.6M | $33.8M | $29.8M | $32.1M |
| Total current assets | $324.3M | $317.3M | $343.0M | $333.6M | $310.2M | $316.5M | $326.2M | $323.3M | $322.2M | $309.3M | $312.6M | $282.6M |
| Property, plant & equipment (net) | $359.6M | $349.2M | $358.2M | $340.7M | $328.3M | $321.8M | $308.0M | $281.9M | $276.5M | $271.4M | $260.8M | $245.7M |
| Goodwill & intangible assets | $391.6M | $356.4M | $361.9M | $393.2M | $371.2M | $390.7M | $396.1M | $321.4M | $326.2M | $315.2M | $317.6M | $319.5M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $21.5M | $48.3M | $63.4M | $17.9M | $46.6M | $18.3M | $18.2M | $23.6M | $25.4M | $23.3M | $21.9M | $23.5M |
| Total assets | $1.10B | $1.07B | $1.13B | $1.09B | $1.06B | $1.05B | $1.05B | $950.2M | $950.3M | $919.1M | $912.9M | $871.4M |
| Liabilities | ||||||||||||
| Accounts payable | $53.8M | $43.5M | $48.1M | $44.3M | $37.4M | $51.9M | $41.9M | $36.5M | $34.5M | $39.0M | $36.0M | $23.1M |
| Short-term debt | $30.0M | $33.0M | $43.0M | $30.3M | $36.6M | $34.3M | $34.4M | $28.5M | $28.5M | $28.5M | $28.5M | $28.5M |
| Deferred revenue | — | — | — | — | — | — | — | −$36.5M | — | — | $1 | −$23.1M |
| Total current liabilities | $131.1M | $117.2M | $131.5M | $129.7M | $117.3M | $130.8M | $118.4M | $119.4M | $105.8M | $109.1M | $109.7M | $92.2M |
| Long-term debt | $543.3M | $550.6M | $569.8M | $565.1M | $561.5M | $546.4M | $560.9M | $525.6M | $537.3M | $511.4M | $514.1M | $484.0M |
| Other long-term liabilities | $130.6M | $127.2M | $151.5M | $119.3M | $112.8M | $106.7M | $109.8M | $98.5M | $98.3M | $96.4M | $90.7M | $96.4M |
| Total liabilities | $809.0M | $794.9M | $852.8M | $814.1M | $791.5M | $783.9M | $789.1M | $743.5M | $741.3M | $717.0M | $714.5M | $672.6M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $9,000 |
| Retained earnings (deficit) | $213.4M | $200.9M | $186.2M | $170.1M | $156.7M | $149.4M | $134.7M | $126.4M | $121.5M | $106.9M | $99.5M | $83.5M |
| Accumulated other comprehensive income | $2.4M | $140,000 | $188,000 | $1.1M | $2.2M | $3.0M | $4.1M | $3.9M | $7.9M | $9.0M | $7.9M | $12.2M |
| Minority interest | $4.1M | $4.1M | $4.1M | $4.1M | $4.2M | — | — | — | — | — | — | — |
| Total shareholders' equity | $283.9M | $272.3M | $269.7M | $267.1M | $260.5M | $259.1M | $255.0M | $206.7M | $209.1M | $202.1M | $198.4M | $198.8M |
| Key figures | ||||||||||||
| Total debt | $573.3M | $593.6M | $629.4M | $602.7M | $608.1M | $580.7M | $595.4M | $554.1M | $565.7M | $539.9M | $542.6M | $512.5M |
| Net cash (debt) | −$317.9M | −$319.5M | −$332.8M | −$310.6M | −$343.4M | −$308.8M | −$314.1M | −$289.0M | −$310.8M | −$286.0M | −$281.0M | −$282.1M |
| Working capital | $193.2M | $200.2M | $211.5M | $203.9M | $192.9M | $185.7M | $207.8M | $204.0M | $216.4M | $200.1M | $202.9M | $190.4M |
| Tangible book value | −$107.8M | −$84.1M | −$92.2M | −$126.0M | −$110.6M | −$131.6M | −$141.0M | −$114.7M | −$117.2M | −$113.0M | −$119.2M | −$120.7M |
| Book value per share | $3.40 | $3.24 | $3.12 | $3.10 | $3.00 | $2.97 | $2.99 | $2.45 | $2.46 | $2.37 | $2.30 | $2.28 |
| Shares outstanding | 83.4M | 84.1M | 86.4M | 86.1M | 86.9M | 87.2M | 85.3M | 84.3M | 85.1M | 85.3M | 86.4M | 87.1M |
| Current ratio | 2.47 | 2.71 | 2.61 | 2.57 | 2.64 | 2.42 | 2.76 | 2.71 | 3.05 | 2.83 | 2.85 | 3.07 |
| Quick ratio | 2.26 | 2.49 | 2.43 | 2.32 | 2.36 | 2.18 | 2.47 | 2.29 | 2.55 | 2.45 | 2.51 | 2.64 |
| Debt / equity | 2.02 | 2.18 | 2.33 | 2.26 | 2.33 | 2.24 | 2.33 | 2.68 | 2.71 | 2.67 | 2.73 | 2.58 |
| Equity / assets | 25.9% | 25.4% | 23.9% | 24.6% | 24.7% | 24.7% | 24.3% | 21.8% | 22.0% | 22.0% | 21.7% | 22.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 3, 2026); data from EODHD.
ACEL financial position
At the end of fiscal 2025 (December 31, 2025), Accel Entertainment had total assets of $1.1 billion (up 7.5% from a year earlier), total liabilities of $852.8 million and shareholders' equity of $269.7 million. It held $296.6 million in cash and short-term investments against $629.4 million of debt, net debt of $332.8 million. Its current ratio was 2.61. In the latest quarter (ended June 30, 2026) total assets were $1.1 billion and equity $283.9 million.
Related: ACEL income statement, ACEL cash flow statement, ACEL key metrics. See the ACEL stock overview for the latest quote and news.
ACEL balance sheet FAQ
What are Accel Entertainment's total assets?
Accel Entertainment reported total assets of $1.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.0 billion a year earlier.
How much debt does Accel Entertainment have?
Accel Entertainment had $629.4 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 2.33.
How much cash does Accel Entertainment have?
Accel Entertainment held $296.6 million in cash and short-term investments at the end of fiscal 2025; with $629.4 million of debt that is net debt of $332.8 million.
What is Accel Entertainment's book value?
Accel Entertainment's shareholders' equity (book value) was $269.7 million at the end of fiscal 2025, or $3.12 per share.
What is Accel Entertainment's current ratio?
Accel Entertainment had current assets of $343.0 million and current liabilities of $131.5 million, a current ratio of 2.61 (it can cover its short-term obligations).
How much goodwill does Accel Entertainment have?
Accel Entertainment carried $361.9 million of goodwill and intangible assets, 32.1% of total assets, at the end of fiscal 2025.