Acadia Healthcare Company, Inc. (ACHC) Balance Sheet
ACHC balance sheet, 2025
December 31, 2025 · U.S. dollars$5.53B assets = $3.39B liabilities + $2.14B equity
Both columns are drawn to the same scale: what ACHC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ACHC financial health
Descriptive bands, not a rating. Fiscal 2025.
ACHC balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $6.02B2016 | $5.53B2025 | −1.0%/yr | |
| Total liabilities | $3.86B2016 | $3.39B2025 | −1.4%/yr | |
| Shareholders’ equity | $2.17B2016 | $1.95B2025 | −1.2%/yr | |
| Cash & short-term investments | $57.1M2016 | $133.2M2025 | +9.9%/yr | |
| Total debt | $3.29B2016 | $2.65B2025 | −2.3%/yr | |
| Net cash (debt) | −$3.23B2016 | −$2.52B2025 | +$709.1M | |
| Working capital | $85.1M2016 | $288.9M2025 | +$203.9M | |
| Book value per share | $25.212016 | $21.492025 | −1.8%/yr | |
| Current ratio | 1.252016 | 1.552025 | +0.30 | |
| Debt / equity | 1.522016 | 1.362025 | −0.15 | |
| Shares outstanding | 86.0M2016 | 90.7M2025 | +0.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ACHC assets
ACHC liabilities and equity
ACHC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ACHC balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $133.2M | $76.3M | $100.1M | $97.6M | $133.8M | $378.7M | $99.5M | $50.5M | $67.3M | $57.1M |
| Cash & equivalents | $133.2M | $76.3M | $100.1M | $97.6M | $133.8M | $378.7M | $99.5M | $50.5M | $67.3M | $57.1M |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $0 |
| Receivables | $545.2M | $422.0M | $429.5M | $353.7M | $304.4M | $297.1M | $321.1M | $318.1M | $345.0M | $314.8M |
| Inventory | $5.7M | $5.7M | $5.3M | $5.1M | $4.8M | $4.9M | $4.1M | $5.1M | $4.8M | $4.6M |
| Other current assets | $130.1M | $73.6M | $61.1M | $49.7M | $52.0M | $1.84B | $117.5M | $76.8M | $54.5M | $51.5M |
| Total current assets | $814.1M | $577.5M | $596.0M | $506.1M | $495.0M | $2.52B | $542.2M | $450.4M | $471.6M | $427.9M |
| Property, plant & equipment (net) | $3.25B | $2.97B | $2.38B | $2.09B | $1.90B | $1.72B | $1.60B | $3.11B | $3.05B | $2.70B |
| Goodwill & intangible assets | $1.39B | $2.33B | $2.30B | $2.30B | $2.27B | $2.17B | $2.15B | $2.49B | $2.84B | $2.76B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $60.5M | $13.0M | $73.5M |
| Other non-current assets | $75.1M | $73.0M | $79.2M | $95.6M | $98.0M | $82.3M | $2.59B | $68.4M | $53.3M | $55.1M |
| Total assets | $5.53B | $5.96B | $5.36B | $4.99B | $4.77B | $6.50B | $6.88B | $6.17B | $6.42B | $6.02B |
| Liabilities | ||||||||||
| Accounts payable | $150.4M | $232.7M | $156.1M | $104.7M | $98.6M | $87.8M | $90.3M | $117.7M | $102.3M | $80.0M |
| Short-term debt | $50.7M | $103.4M | $56.5M | $48.7M | $42.9M | $204.6M | $65.6M | $34.1M | $34.8M | $34.8M |
| Deferred revenue | $2.8M | $1.7M | $2.2M | $6.7M | $30.4M | $35.9M | $1.9M | $32.2M | $31.3M | $28.8M |
| Total current liabilities | $525.2M | $577.9M | $885.8M | $388.3M | $404.9M | $1.31B | $463.6M | $416.4M | $377.4M | $342.9M |
| Long-term debt | $2.47B | $1.88B | $1.34B | $1.36B | $1.48B | $2.97B | $3.11B | $3.16B | $3.21B | $3.25B |
| Lease obligations | $144.2M | $128.4M | $128.1M | $142.9M | $141.2M | $102.9M | $538.2M | — | — | — |
| Other long-term liabilities | $390.2M | $308.1M | $242.9M | $334.1M | $301.7M | $322.8M | $804.8M | $263.4M | $269.2M | $261.1M |
| Total liabilities | $3.39B | $2.77B | $2.47B | $2.09B | $2.19B | $4.60B | $4.37B | $3.84B | $3.85B | $3.86B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $905,000 | $918,000 | $913,000 | $899,000 | $890,000 | $880,000 | $877,000 | $874,000 | $871,000 | $867,000 |
| Retained earnings (deficit) | −$765.8M | $387.3M | $131.7M | $153.4M | −$119.8M | −$310.4M | $361.7M | $252.8M | $428.6M | $220.1M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | — | — | — | $0 | $0 | −$371.4M | −$414.9M | −$462.4M | −$374.1M | −$549.6M |
| Minority interest | $191.6M | $117.1M | $105.7M | $88.3M | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $1.95B | $3.07B | $2.78B | $2.81B | $2.52B | $1.90B | $2.51B | $2.33B | $2.57B | $2.17B |
| Key figures | ||||||||||
| Total debt | $2.65B | $2.09B | $1.51B | $1.53B | $1.64B | $3.26B | $3.26B | $3.19B | $3.24B | $3.29B |
| Net cash (debt) | −$2.52B | −$2.01B | −$1.41B | −$1.43B | −$1.50B | −$2.88B | −$3.16B | −$3.14B | −$3.17B | −$3.23B |
| Working capital | $288.9M | −$427,000 | −$289.8M | $117.8M | $90.2M | $1.22B | $78.6M | $34.0M | $94.2M | $85.1M |
| Tangible book value | $555.9M | $738.9M | $482.7M | $513.9M | $247.4M | −$274.3M | $351.5M | −$152.1M | −$265.7M | −$596.8M |
| Book value per share | $21.49 | $33.39 | $30.59 | $30.72 | $27.73 | $21.44 | $28.53 | $26.73 | $29.55 | $25.21 |
| Shares outstanding | 90.7M | 92.1M | 90.9M | 91.6M | 90.8M | 88.6M | 87.8M | 87.3M | 87.1M | 86.0M |
| Current ratio | 1.55 | 1.00 | 0.67 | 1.30 | 1.22 | 1.93 | 1.17 | 1.08 | 1.25 | 1.25 |
| Quick ratio | 1.29 | 0.86 | 0.60 | 1.16 | 1.08 | 0.52 | 0.91 | 0.89 | 1.09 | 1.08 |
| Debt / equity | 1.36 | 0.68 | 0.54 | 0.54 | 0.65 | 1.71 | 1.30 | 1.37 | 1.26 | 1.52 |
| Equity / assets | 35.3% | 51.6% | 51.9% | 56.4% | 52.8% | 29.2% | 36.4% | 37.8% | 40.0% | 36.0% |
| 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 | $171.3M | $158.5M | $133.2M | $118.7M | $131.4M | $91.2M | $76.3M | $82.1M | $77.2M | $77.3M | $100.1M | $99.6M |
| Cash & equivalents | $171.3M | $158.5M | $133.2M | $118.7M | $131.4M | $91.2M | $76.3M | $82.1M | $77.2M | $77.3M | $100.1M | $99.6M |
| Receivables | $555.5M | $547.7M | $545.2M | $502.8M | $483.2M | $468.0M | $422.0M | $489.2M | $504.6M | $471.1M | $429.5M | $515.9M |
| Inventory | $6.3M | $5.9M | $5.7M | $6.2M | $5.8M | $5.7M | $5.7M | $5.5M | $6.0M | $5.7M | $5.3M | $5.5M |
| Other current assets | $112.2M | $125.1M | $130.1M | $120.2M | $71.1M | $74.0M | $73.6M | $75.2M | $57.5M | $56.7M | $61.1M | $82.5M |
| Total current assets | $845.3M | $837.2M | $814.1M | $748.0M | $691.6M | $639.0M | $577.5M | $652.1M | $645.2M | $610.8M | $596.0M | $703.5M |
| Property, plant & equipment (net) | $3.23B | $3.24B | $3.25B | $3.21B | $3.18B | $3.08B | $2.97B | $2.80B | $2.62B | $2.50B | $2.38B | $2.27B |
| Goodwill & intangible assets | $1.40B | $1.40B | $1.39B | $2.37B | $2.36B | $2.36B | $2.33B | $2.34B | $2.33B | $2.33B | $2.30B | $2.30B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $68.9M | $70.5M | $75.1M | $87.4M | $84.8M | $76.8M | $73.0M | $77.8M | $77.0M | $74.7M | $79.2M | $75.3M |
| Total assets | $5.55B | $5.55B | $5.53B | $6.41B | $6.31B | $6.15B | $5.96B | $5.87B | $5.68B | $5.52B | $5.36B | $5.35B |
| Liabilities | ||||||||||||
| Accounts payable | $135.3M | $142.2M | $150.4M | $179.9M | $219.8M | $204.0M | $232.7M | $201.4M | $159.5M | $156.1M | $156.1M | $149.9M |
| Short-term debt | $53.3M | $54.3M | $50.7M | $46.9M | $44.0M | $42.2M | $103.4M | $100.0M | $94.6M | $89.3M | $56.5M | $53.8M |
| Deferred revenue | $3.2M | $3.2M | $2.8M | $3.3M | $1.7M | $1.8M | $1.7M | $1.7M | $1.8M | $2.2M | $2.2M | $2.6M |
| Total current liabilities | $537.6M | $489.4M | $525.2M | $517.9M | $523.7M | $473.4M | $577.9M | $609.5M | $546.5M | $482.3M | $885.8M | $864.9M |
| Long-term debt | $2.38B | $2.49B | $2.47B | $2.28B | $2.25B | $2.18B | $1.88B | $1.80B | $1.77B | $1.79B | $1.34B | $1.35B |
| Lease obligations | $150.7M | $143.2M | $144.2M | $118.0M | $118.4M | $127.2M | $128.4M | $133.7M | $132.7M | $131.2M | $128.1M | $131.1M |
| Other long-term liabilities | $434.8M | $394.5M | $390.2M | $320.1M | $314.1M | $316.0M | $308.1M | $310.1M | $292.4M | $265.3M | $242.9M | $321.2M |
| Total liabilities | $3.35B | $3.38B | $3.39B | $3.12B | $3.08B | $2.97B | $2.77B | $2.72B | $2.61B | $2.54B | $2.47B | $2.54B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $909,000 | $908,000 | $905,000 | $904,000 | $904,000 | $904,000 | $918,000 | $918,000 | $917,000 | $916,000 | $913,000 | $912,000 |
| Retained earnings (deficit) | −$750.8M | −$761.7M | −$765.8M | $411.7M | $375.4M | $348.5M | $387.3M | $354.7M | $286.6M | $208.1M | $131.7M | $74.0M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | $0 | $0 | — | $0 |
| Minority interest | $212.7M | $210.0M | $191.6M | $169.6M | $145.5M | — | — | — | — | — | — | — |
| Total shareholders' equity | $1.98B | $1.96B | $1.95B | $3.12B | $3.08B | $3.04B | $3.07B | $3.03B | $2.95B | $2.87B | $2.78B | $2.71B |
| Key figures | ||||||||||||
| Total debt | $2.56B | $2.67B | $2.65B | $2.43B | $2.39B | $2.33B | $2.09B | $2.01B | $1.97B | $1.99B | $1.51B | $1.51B |
| Net cash (debt) | −$2.39B | −$2.51B | −$2.52B | −$2.31B | −$2.25B | −$2.24B | −$2.01B | −$1.93B | −$1.90B | −$1.91B | −$1.41B | −$1.41B |
| Working capital | $307.7M | $347.8M | $288.9M | $230.0M | $167.8M | $165.6M | −$427,000 | $42.6M | $98.7M | $128.5M | −$289.8M | −$161.4M |
| Tangible book value | $575.7M | $558.3M | $555.9M | $748.7M | $722.3M | $686.4M | $738.9M | $693.5M | $618.0M | $531.6M | $482.7M | $412.8M |
| Book value per share | $21.66 | $21.55 | $21.55 | $34.45 | $34.04 | $33.05 | $33.42 | $32.88 | $32.08 | $31.15 | $30.28 | $29.75 |
| Shares outstanding | 91.4M | 90.9M | 90.4M | 90.6M | 90.4M | 92.0M | 92.0M | 92.2M | 92.0M | 92.0M | 91.9M | 91.2M |
| Current ratio | 1.57 | 1.71 | 1.55 | 1.44 | 1.32 | 1.35 | 1.00 | 1.07 | 1.18 | 1.27 | 0.67 | 0.81 |
| Quick ratio | 1.35 | 1.44 | 1.29 | 1.20 | 1.17 | 1.18 | 0.86 | 0.94 | 1.06 | 1.14 | 0.60 | 0.71 |
| Debt / equity | 1.30 | 1.36 | 1.36 | 0.78 | 0.78 | 0.77 | 0.68 | 0.66 | 0.67 | 0.69 | 0.54 | 0.56 |
| Equity / assets | 35.7% | 35.3% | 35.3% | 48.7% | 48.8% | 49.5% | 51.6% | 51.6% | 52.0% | 51.9% | 51.9% | 50.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 27, 2026); data from EODHD.
ACHC financial position
At the end of fiscal 2025 (December 31, 2025), Acadia Healthcare had total assets of $5.5 billion (down 7.2% from a year earlier), total liabilities of $3.4 billion and shareholders' equity of $1.9 billion. It held $133.2 million in cash and short-term investments against $2.7 billion of debt, net debt of $2.5 billion. Its current ratio was 1.55. In the latest quarter (ended June 30, 2026) total assets were $5.5 billion and equity $2.0 billion.
Related: ACHC income statement, ACHC cash flow statement, ACHC key metrics. See the ACHC stock overview for the latest quote and news.
ACHC balance sheet FAQ
What are Acadia Healthcare's total assets?
Acadia Healthcare reported total assets of $5.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $6.0 billion a year earlier.
How much debt does Acadia Healthcare have?
Acadia Healthcare had $2.7 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.36.
How much cash does Acadia Healthcare have?
Acadia Healthcare held $133.2 million in cash and short-term investments at the end of fiscal 2025; with $2.7 billion of debt that is net debt of $2.5 billion.
What is Acadia Healthcare's book value?
Acadia Healthcare's shareholders' equity (book value) was $1.9 billion at the end of fiscal 2025, or $21.49 per share.
What is Acadia Healthcare's current ratio?
Acadia Healthcare had current assets of $814.1 million and current liabilities of $525.2 million, a current ratio of 1.55 (it can cover its short-term obligations).
How much goodwill does Acadia Healthcare have?
Acadia Healthcare carried $1.4 billion of goodwill and intangible assets, 25.2% of total assets, at the end of fiscal 2025.