American Eagle Outfitters, Inc. (AEO) Balance Sheet
AEO balance sheet, FY2026
January 31, 2026 · U.S. dollars$4.04B assets = $2.35B liabilities + $1.69B equity
Both columns are drawn to the same scale: what AEO owns equals what it owes plus shareholders’ equity. Hover a block for its value.
AEO financial health
Descriptive bands, not a rating. Fiscal FY2026.
AEO balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.78BFY2017 | $4.04BFY2026 | +9.5%/yr | |
| Total liabilities | $578.1MFY2017 | $2.35BFY2026 | +16.9%/yr | |
| Shareholders’ equity | $1.20BFY2017 | $1.69BFY2026 | +3.8%/yr | |
| Cash & short-term investments | $378.6MFY2017 | $238.9MFY2026 | −5.0%/yr | |
| Total debt | $104.8MFY2017 | $1.73BFY2026 | +36.6%/yr | |
| Net cash (debt) | $273.8MFY2017 | −$1.49BFY2026 | −$1.8B | |
| Working capital | $407.4MFY2017 | $448.5MFY2026 | +$41.1M | |
| Book value per share | $6.55FY2017 | $9.60FY2026 | +4.3%/yr | |
| Current ratio | 1.83FY2017 | 1.52FY2026 | −0.31 | |
| Debt / equity | 0.09FY2017 | 1.02FY2026 | +0.94 | |
| Shares outstanding | 183.8MFY2017 | 176.1MFY2026 | −0.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
AEO assets
AEO liabilities and equity
AEO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
AEO balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $238.9M | $359.0M | $454.1M | $170.2M | $434.8M | $850.5M | $416.9M | $425.5M | $413.6M | $378.6M |
| Cash & equivalents | $238.9M | $309.0M | $354.1M | $170.2M | $434.8M | $850.5M | $361.9M | $333.3M | $413.6M | $378.6M |
| Short-term investments | $55.5M | $50.0M | $100.0M | $85.2M | $296.0M | $325.5M | $55.0M | $92.1M | $229.5M | $113.3M |
| Receivables | $258.6M | $262.4M | $247.9M | $242.4M | $286.7M | $146.1M | $119.1M | $93.5M | $78.3M | $86.6M |
| Inventory | $702.0M | $636.7M | $640.7M | $585.1M | $553.5M | $405.4M | $446.3M | $424.4M | $398.2M | $358.4M |
| Other current assets | $114.7M | $96.2M | $90.7M | $102.6M | $122.0M | $120.6M | $65.7M | $102.9M | $78.4M | $77.5M |
| Total current assets | $1.31B | $1.35B | $1.43B | $1.10B | $1.40B | $1.52B | $1.05B | $1.05B | $968.5M | $901.2M |
| Property, plant & equipment (net) | $2.27B | $2.05B | $1.72B | $1.87B | $1.92B | $1.78B | $2.15B | $742.1M | $724.2M | $707.8M |
| Goodwill & intangible assets | $262.7M | $267.5M | $271.4M | $359.5M | $374.1M | $70.3M | $53.0M | $58.2M | $61.7M | $64.3M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $196.6M | $162.4M | $134.5M | $92.7M | $94.3M | $62.1M | $73.7M | $56.8M | $61.8M | $109.4M |
| Total assets | $4.04B | $3.83B | $3.56B | $3.42B | $3.79B | $3.43B | $3.33B | $1.90B | $1.82B | $1.78B |
| Liabilities | ||||||||||
| Accounts payable | $251.8M | $280.7M | $268.3M | $234.3M | $231.8M | $255.9M | $285.7M | $240.7M | $236.7M | $246.2M |
| Short-term debt | $318.1M | $313.0M | $284.5M | $337.3M | $311.0M | $328.6M | $299.2M | $20.1M | $109.3M | $104.8M |
| Deferred revenue | $75.3M | $70.1M | $66.3M | $67.6M | $71.4M | $62.2M | $57.0M | $54.0M | $52.3M | $53.0M |
| Total current liabilities | $865.6M | $882.7M | $891.2M | $768.9M | $842.9M | $858.5M | $751.8M | $542.6M | $485.2M | $493.8M |
| Long-term debt | $28.9M | $0 | $0 | $8.9M | $341.0M | $325.3M | $0 | $0 | $0 | $0 |
| Lease obligations | $1.70B | $1.45B | $1.19B | $1.36B | $1.47B | $1.48B | $1.60B | — | — | — |
| Other long-term liabilities | $1.46B | $1.18B | $930.0M | $1.04B | $1.18B | $1.16B | $1.33B | $73.2M | $84.3M | $84.3M |
| Total liabilities | $2.35B | $2.06B | $1.82B | $1.82B | $2.36B | $2.35B | $2.08B | $615.8M | $569.5M | $578.1M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M |
| Retained earnings (deficit) | $2.55B | $2.46B | $2.21B | $2.14B | $2.20B | $1.87B | $2.11B | $2.05B | $1.88B | $1.78B |
| Treasury stock | — | — | — | — | −$1.38B | −$1.41B | −$1.41B | −$1.31B | −$1.20B | −$1.14B |
| Accumulated other comprehensive income | −$15.6M | −$56.4M | −$16.4M | −$32.6M | −$40.8M | −$40.7M | −$33.2M | −$34.8M | −$30.8M | −$36.5M |
| Minority interest | −$1.7M | $3.2M | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $1.69B | $1.77B | $1.74B | $1.60B | $1.42B | $1.09B | $1.25B | $1.29B | $1.25B | $1.20B |
| Key figures | ||||||||||
| Total debt | $1.73B | $1.45B | $1.19B | $1.37B | $1.81B | $1.80B | $1.60B | $20.1M | $109.3M | $104.8M |
| Net cash (debt) | −$1.49B | −$1.09B | −$731.5M | −$1.20B | −$1.37B | −$952.2M | −$1.18B | $405.4M | $304.3M | $273.8M |
| Working capital | $448.5M | $471.6M | $542.2M | $331.3M | $554.1M | $664.2M | $296.2M | $503.6M | $483.3M | $407.4M |
| Tangible book value | $1.43B | $1.50B | $1.47B | $1.24B | $1.05B | $1.02B | $1.19B | $1.23B | $1.19B | $1.14B |
| Book value per share | $9.60 | $9.00 | $8.82 | $7.79 | $6.89 | $6.53 | $7.30 | $7.23 | $6.92 | $6.55 |
| Shares outstanding | 176.1M | 196.4M | 196.9M | 205.2M | 206.5M | 166.5M | 170.9M | 178.0M | 180.2M | 183.8M |
| Current ratio | 1.52 | 1.53 | 1.61 | 1.43 | 1.66 | 1.77 | 1.39 | 1.93 | 2.00 | 1.83 |
| Quick ratio | 0.57 | 0.70 | 0.79 | 0.54 | 0.86 | 1.16 | 0.71 | 0.96 | 1.01 | 0.94 |
| Debt / equity | 1.02 | 0.82 | 0.68 | 0.86 | 1.27 | 1.66 | 1.28 | 0.02 | 0.09 | 0.09 |
| Equity / assets | 41.8% | 46.1% | 48.8% | 46.7% | 37.6% | 31.6% | 37.5% | 67.6% | 68.6% | 67.6% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $148.0M | $103.3M | $238.9M | $112.8M | $126.8M | $87.9M | $359.0M | $160.2M | $191.8M | $300.5M | $454.1M | $240.9M |
| Cash & equivalents | $148.0M | $103.3M | $238.9M | $112.8M | $126.8M | $87.9M | $309.0M | $160.2M | $191.8M | $300.5M | $354.1M | $240.9M |
| Short-term investments | — | — | $55.5M | $2.6M | $4.3M | $2.7M | $50.0M | $42.8M | $0 | $100.0M | $100.0M | — |
| Receivables | $245.2M | $200.8M | $258.6M | $245.3M | $237.4M | $228.6M | $262.4M | $214.1M | $231.8M | $230.9M | $247.9M | $239.4M |
| Inventory | $817.9M | $816.7M | $702.0M | $891.2M | $718.3M | $645.1M | $636.7M | $804.3M | $663.7M | $681.1M | $640.7M | $769.3M |
| Other current assets | $125.6M | $117.9M | $114.7M | $147.6M | $188.6M | $126.5M | $96.2M | $157.6M | $161.2M | $98.8M | $90.7M | $103.8M |
| Total current assets | $1.34B | $1.24B | $1.31B | $1.40B | $1.27B | $1.09B | $1.35B | $1.34B | $1.25B | $1.31B | $1.43B | $1.35B |
| Property, plant & equipment (net) | $2.46B | $2.38B | $2.27B | $2.37B | $2.38B | $2.24B | $2.05B | $1.98B | $1.88B | $1.83B | $1.72B | $1.74B |
| Goodwill & intangible assets | $261.2M | $262.1M | $262.7M | $264.9M | $265.9M | $266.8M | $267.5M | $268.6M | $269.5M | $270.4M | $271.4M | $353.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $219.2M | $204.5M | $196.6M | $159.8M | $145.7M | $175.3M | $162.4M | $147.7M | $146.9M | $148.3M | $134.5M | $76.5M |
| Total assets | $4.28B | $4.08B | $4.04B | $4.19B | $4.06B | $3.77B | $3.83B | $3.74B | $3.54B | $3.56B | $3.56B | $3.52B |
| Liabilities | ||||||||||||
| Accounts payable | $253.7M | $203.8M | $251.8M | $305.3M | $247.6M | $248.0M | $280.7M | $283.5M | $259.7M | $225.5M | $268.3M | $300.0M |
| Short-term debt | $309.1M | $310.6M | $318.1M | $319.3M | $321.3M | $319.6M | $313.0M | $293.0M | $307.6M | $303.6M | $284.5M | $294.9M |
| Deferred revenue | — | $67.4M | $75.3M | $55.9M | $57.4M | $63.3M | $70.1M | $50.2M | $51.8M | $57.4M | $66.3M | $47.7M |
| Total current liabilities | $839.4M | $801.6M | $865.6M | $854.8M | $783.4M | $787.7M | $882.7M | $851.0M | $794.4M | $773.3M | $891.2M | $831.2M |
| Long-term debt | $55.0M | $85.0M | $0 | $210.0M | $203.0M | $110.0M | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $1.87B | $1.79B | $1.70B | $1.76B | $1.79B | $1.66B | $1.45B | $1.39B | $1.32B | $1.31B | $1.19B | $1.22B |
| Other long-term liabilities | $1.62B | $1.55B | $1.49B | $1.50B | $1.53B | $1.40B | $1.18B | $1.14B | $1.05B | $1.03B | $930.0M | $951.3M |
| Total liabilities | $2.52B | $2.44B | $2.35B | $2.56B | $2.52B | $2.29B | $2.06B | $1.99B | $1.85B | $1.80B | $1.82B | $1.78B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M |
| Retained earnings (deficit) | $2.68B | $2.57B | $2.55B | $2.49B | $2.42B | $2.36B | $2.46B | $2.38B | $2.32B | $2.27B | $2.21B | $2.23B |
| Accumulated other comprehensive income | −$16.4M | −$15.2M | −$15.6M | −$31.6M | −$34.6M | −$42.1M | −$56.4M | −$49.9M | −$39.3M | −$15.7M | −$16.4M | −$32.9M |
| Minority interest | −$1.5M | −$1.1M | −$1.7M | — | — | — | — | — | — | — | — | — |
| Total shareholders' equity | $1.76B | $1.64B | $1.69B | $1.63B | $1.54B | $1.47B | $1.77B | $1.75B | $1.69B | $1.75B | $1.74B | $1.74B |
| Key figures | ||||||||||||
| Total debt | $1.92B | $1.87B | $1.73B | $1.97B | $2.00B | $1.77B | $1.45B | $1.39B | $1.32B | $1.31B | $1.19B | $1.22B |
| Net cash (debt) | −$1.77B | −$1.77B | −$1.49B | −$1.86B | −$1.87B | −$1.68B | −$1.09B | −$1.23B | −$1.13B | −$1.01B | −$731.5M | −$981.0M |
| Working capital | $497.3M | $437.0M | $448.5M | $542.2M | $487.7M | $300.4M | $471.6M | $485.1M | $454.1M | $538.0M | $542.2M | $522.2M |
| Tangible book value | $1.50B | $1.38B | $1.43B | $1.36B | $1.28B | $1.21B | $1.50B | $1.48B | $1.42B | $1.48B | $1.47B | $1.39B |
| Book value per share | $10.36 | $9.54 | $9.63 | $9.40 | $9.00 | $8.21 | $9.13 | $8.92 | $8.57 | $8.70 | $8.70 | $8.76 |
| Shares outstanding | 170.2M | 172.3M | 175.7M | 172.9M | 171.7M | 179.5M | 193.5M | 195.8M | 197.8M | 201.3M | 199.6M | 198.4M |
| Current ratio | 1.59 | 1.55 | 1.52 | 1.63 | 1.62 | 1.38 | 1.53 | 1.57 | 1.57 | 1.70 | 1.61 | 1.63 |
| Quick ratio | 0.47 | 0.38 | 0.57 | 0.42 | 0.46 | 0.40 | 0.70 | 0.44 | 0.53 | 0.69 | 0.79 | 0.58 |
| Debt / equity | 1.09 | 1.14 | 1.02 | 1.21 | 1.29 | 1.20 | 0.82 | 0.80 | 0.78 | 0.75 | 0.68 | 0.70 |
| Equity / assets | 41.2% | 40.3% | 41.8% | 38.8% | 38.0% | 39.1% | 46.1% | 46.7% | 47.9% | 49.3% | 48.8% | 49.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 30, 2026); data from EODHD.
AEO financial position
At the end of fiscal 2026 (January 31, 2026), American Eagle Outfitters had total assets of $4.0 billion (up 5.5% from a year earlier), total liabilities of $2.4 billion and shareholders' equity of $1.7 billion. It held $238.9 million in cash and short-term investments against $1.7 billion of debt, net debt of $1.5 billion. Its current ratio was 1.52. In the latest quarter (ended July 31, 2026) total assets were $4.3 billion and equity $1.8 billion.
Related: AEO income statement, AEO cash flow statement, AEO key metrics. See the AEO stock overview for the latest quote and news.
AEO balance sheet FAQ
What are American Eagle Outfitters's total assets?
American Eagle Outfitters reported total assets of $4.0 billion at the end of fiscal 2026 (January 31, 2026), compared with $3.8 billion a year earlier.
How much debt does American Eagle Outfitters have?
American Eagle Outfitters had $1.7 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.02.
How much cash does American Eagle Outfitters have?
American Eagle Outfitters held $238.9 million in cash and short-term investments at the end of fiscal 2026; with $1.7 billion of debt that is net debt of $1.5 billion.
What is American Eagle Outfitters's book value?
American Eagle Outfitters's shareholders' equity (book value) was $1.7 billion at the end of fiscal 2026, or $9.60 per share.
What is American Eagle Outfitters's current ratio?
American Eagle Outfitters had current assets of $1.3 billion and current liabilities of $865.6 million, a current ratio of 1.52 (it can cover its short-term obligations).
How much goodwill does American Eagle Outfitters have?
American Eagle Outfitters carried $262.7 million of goodwill and intangible assets, 6.5% of total assets, at the end of fiscal 2026.