Allison Transmission Holdings, Inc. (ALSN) Balance Sheet

NYSE: ALSNAssets, liabilities, debt and equity over 10 years.

ALSN balance sheet, 2025

December 31, 2025 · U.S. dollars

$6.08B assets = $4.21B liabilities + $1.87B equity

Both columns are drawn to the same scale: what ALSN owns equals what it owes plus shareholders’ equity. Hover a block for its value.

ALSN financial health

Current ratio4.85

Comfortable · current assets cover current liabilities 4.85×

Debt / equity1.56

High leverage · $1.56 of debt for each $1 of equity

Equity / assets30.7%

Balanced · of assets funded by shareholders

Cash / debt51.2%

Partial cover · cash & short-term investments vs total debt

Goodwill & intangibles47.2%

Acquisition-heavy · of total assets

Descriptive bands, not a rating. Fiscal 2025.

ALSN balance sheet trends, 2016–2025

Allison Transmission Holdings, Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$4.22B2016	$6.08B2025	+4.1%/yr
Total liabilities	$3.14B2016	$4.21B2025	+3.3%/yr
Shareholders’ equity	$1.08B2016	$1.87B2025	+6.3%/yr
Cash & short-term investments	$204.7M2016	$1.50B2025	+24.7%/yr
Total debt	$2.16B2016	$2.92B2025	+3.4%/yr
Net cash (debt)	−$1.95B2016	−$1.43B2025	+$528.0M
Working capital	$205.4M2016	$1.77B2025	+$1.6B
Book value per share	$6.382016	$21.962025	+14.7%/yr
Current ratio	1.602016	4.852025	+3.25
Debt / equity	2.002016	1.562025	−0.43
Shares outstanding	169.2M2016	85.0M2025	−7.4%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

ALSN assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

ALSN liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

ALSN debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

ALSN balance sheet

Allison Transmission Holdings, Inc. annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	$1.50B	$781.0M	$555.0M	$232.0M	$127.0M	$310.0M	$192.0M	$231.0M	$199.0M	$204.7M
Cash & equivalents	$1.50B	$781.0M	$555.0M	$232.0M	$127.0M	$310.0M	$192.0M	$231.0M	$199.0M	$204.7M
Short-term investments	—	—	$7.0M	$7.0M	—	—	—	—	$0	$0
Receivables	$333.0M	$360.0M	$356.0M	$363.0M	$301.0M	$228.0M	$253.0M	$295.0M	$254.0M	$196.9M
Inventory	$316.0M	$315.0M	$276.0M	$224.0M	$204.0M	$181.0M	$199.0M	$170.0M	$154.0M	$125.6M
Other current assets	$89.0M	$82.0M	$63.0M	$47.0M	$39.0M	$37.0M	$42.0M	$29.0M	$25.0M	$20.4M
Total current assets	$2.23B	$1.54B	$1.25B	$866.0M	$671.0M	$756.0M	$686.0M	$725.0M	$632.0M	$547.6M
Property, plant & equipment (net)	$862.0M	$803.0M	$774.0M	$763.0M	$706.0M	$638.0M	$616.0M	$466.0M	$448.0M	$464.1M
Goodwill & intangible assets	$2.87B	$2.90B	$2.91B	$2.95B	$2.98B	$3.03B	$3.08B	$3.01B	$3.09B	$3.18B
Long-term investments	$24.0M	$11.0M	$20.0M	$22.0M	$46.0M	$0	$0	$0	$0	$0
Other non-current assets	$94.0M	$87.0M	$72.0M	$67.0M	$53.0M	$56.0M	$65.0M	$39.0M	$31.0M	$23.9M
Total assets	$6.08B	$5.34B	$5.03B	$4.67B	$4.46B	$4.48B	$4.45B	$4.24B	$4.21B	$4.22B
Liabilities
Accounts payable	$190.0M	$212.0M	$210.0M	$195.0M	$179.0M	$157.0M	$150.0M	$169.0M	$159.0M	$127.9M
Short-term debt	$10.0M	$11.0M	$10.0M	$10.0M	$10.0M	$10.0M	$11.0M	$10.0M	$12.0M	−$67.1M
Deferred revenue	$34.0M	$41.0M	$41.0M	$38.0M	$37.0M	$34.0M	$35.0M	$34.0M	$41.0M	$27.3M
Total current liabilities	$460.0M	$506.0M	$501.0M	$480.0M	$459.0M	$373.0M	$417.0M	$426.0M	$417.0M	$342.2M
Long-term debt	$2.88B	$2.40B	$2.50B	$2.50B	$2.50B	$2.51B	$2.51B	$2.52B	$2.53B	$2.15B
Lease obligations	—	$6.0M	$4.0M	$4.0M	$4.0M	$4.0M	$5.0M	—	—	—
Other long-term liabilities	$870.0M	$784.0M	$794.0M	$816.0M	$860.0M	$841.0M	$740.0M	$629.0M	$565.0M	$649.3M
Total liabilities	$4.21B	$3.69B	$3.79B	$3.80B	$3.82B	$3.72B	$3.67B	$3.58B	$3.52B	$3.14B
Shareholders' equity
Common stock & paid-in capital	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.6M
Retained earnings (deficit)	−$38.0M	−$239.0M	−$628.0M	−$953.0M	−$1.13B	−$974.0M	−$970.0M	−$1.10B	−$1.05B	−$586.4M
Treasury stock	—	—	—	—	—	—	—	—	$0	$0
Accumulated other comprehensive income	−$56.0M	−$51.0M	−$31.0M	−$22.0M	−$73.0M	−$89.0M	−$52.0M	−$30.0M	−$15.0M	−$62.9M
Minority interest	—	—	—	—	—	—	—	—	$0	$0
Total shareholders' equity	$1.87B	$1.65B	$1.23B	$874.0M	$634.0M	$756.0M	$781.0M	$659.0M	$689.0M	$1.08B
Key figures
Total debt	$2.92B	$2.42B	$2.52B	$2.52B	$2.53B	$2.53B	$2.54B	$2.53B	$2.55B	$2.16B
Net cash (debt)	−$1.43B	−$1.64B	−$1.97B	−$2.29B	−$2.40B	−$2.22B	−$2.35B	−$2.30B	−$2.35B	−$1.95B
Working capital	$1.77B	$1.03B	$749.0M	$386.0M	$212.0M	$383.0M	$269.0M	$299.0M	$215.0M	$205.4M
Tangible book value	−$1.00B	−$1.25B	−$1.68B	−$2.08B	−$2.35B	−$2.27B	−$2.30B	−$2.35B	−$2.40B	−$2.10B
Book value per share	$21.96	$18.76	$13.55	$9.10	$5.93	$6.63	$6.35	$4.93	$4.59	$6.38
Shares outstanding	85.0M	88.0M	91.0M	96.0M	107.0M	114.0M	123.0M	133.7M	150.0M	169.2M
Current ratio	4.85	3.04	2.50	1.80	1.46	2.03	1.65	1.70	1.52	1.60
Quick ratio	3.97	2.25	1.82	1.24	0.93	1.44	1.07	1.23	1.09	1.17
Debt / equity	1.56	1.47	2.04	2.89	3.99	3.35	3.25	3.84	3.70	2.00
Equity / assets	30.7%	30.9%	24.5%	18.7%	14.2%	16.9%	17.6%	15.6%	16.4%	25.6%

Allison Transmission Holdings, Inc. quarterly balance sheet
	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	$399.0M	$311.0M	$1.50B	$902.0M	$778.0M	$753.0M	$781.0M	$788.0M	$648.0M	$551.0M	$555.0M	$501.0M
Cash & equivalents	$399.0M	$311.0M	$1.50B	$902.0M	$778.0M	$753.0M	$781.0M	$788.0M	$648.0M	$551.0M	$555.0M	$501.0M
Short-term investments	—	—	—	—	—	—	—	$7.0M	$11.0M	$10.0M	$7.0M	$11.0M
Receivables	$911.0M	$892.0M	$333.0M	$329.0M	$375.0M	$381.0M	$360.0M	$393.0M	$383.0M	$392.0M	$356.0M	$372.0M
Inventory	$840.0M	$835.0M	$316.0M	$331.0M	$341.0M	$349.0M	$315.0M	$326.0M	$303.0M	$289.0M	$276.0M	$281.0M
Other current assets	$239.0M	$264.0M	$89.0M	$109.0M	$93.0M	$82.0M	$82.0M	$85.0M	$89.0M	$68.0M	$63.0M	$63.0M
Total current assets	$2.39B	$2.30B	$2.23B	$1.67B	$1.59B	$1.56B	$1.54B	$1.59B	$1.42B	$1.30B	$1.25B	$1.22B
Property, plant & equipment (net)	$1.66B	$1.67B	$862.0M	$834.0M	$814.0M	$802.0M	$803.0M	$780.0M	$760.0M	$762.0M	$774.0M	$763.0M
Goodwill & intangible assets	$4.42B	$4.51B	$2.87B	$2.89B	$2.89B	$2.90B	$2.90B	$2.90B	$2.90B	$2.90B	$2.91B	$2.92B
Long-term investments	$0	$27.0M	$24.0M	$23.0M	$19.0M	$15.0M	$11.0M	$13.0M	$11.0M	$14.0M	$0	$21.0M
Other non-current assets	$249.0M	$195.0M	$94.0M	$98.0M	$97.0M	$89.0M	$87.0M	$82.0M	$81.0M	$77.0M	$92.0M	$67.0M
Total assets	$8.72B	$8.70B	$6.08B	$5.52B	$5.41B	$5.37B	$5.34B	$5.37B	$5.18B	$5.06B	$5.03B	$4.99B
Liabilities
Accounts payable	$806.0M	$728.0M	$190.0M	$192.0M	$231.0M	$241.0M	$212.0M	$272.0M	$249.0M	$244.0M	$210.0M	$238.0M
Short-term debt	$20.0M	$20.0M	$10.0M	$5.0M	$15.0M	$10.0M	$11.0M	$10.0M	$10.0M	$10.0M	$10.0M	$10.0M
Deferred revenue	$73.0M	$76.0M	$34.0M	$35.0M	$36.0M	$37.0M	$41.0M	$45.0M	$44.0M	$42.0M	$41.0M	$44.0M
Total current liabilities	$1.32B	$1.25B	$460.0M	$438.0M	$472.0M	$513.0M	$506.0M	$563.0M	$511.0M	$518.0M	$501.0M	$504.0M
Long-term debt	$4.09B	$4.25B	$2.88B	$2.39B	$2.39B	$2.40B	$2.40B	$2.40B	$2.40B	$2.40B	$0	$2.50B
Lease obligations	—	—	—	—	—	—	$6.0M	$5.0M	$5.0M	$5.0M	—	$4.0M
Other long-term liabilities	$1.32B	$1.31B	$870.0M	$845.0M	$792.0M	$793.0M	$784.0M	$788.0M	$784.0M	$798.0M	$3.29B	$801.0M
Total liabilities	$6.74B	$6.80B	$4.21B	$3.68B	$3.66B	$3.70B	$3.69B	$3.75B	$3.69B	$3.71B	$3.79B	$3.80B
Shareholders' equity
Common stock & paid-in capital	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M
Retained earnings (deficit)	$139.0M	$29.0M	−$38.0M	−$70.0M	−$157.0M	−$226.0M	−$239.0M	−$272.0M	−$399.0M	−$533.0M	−$628.0M	−$670.0M
Accumulated other comprehensive income	−$134.0M	−$89.0M	−$56.0M	−$43.0M	−$37.0M	−$47.0M	−$51.0M	−$38.0M	−$37.0M	−$37.0M	−$31.0M	−$32.0M
Total shareholders' equity	$1.98B	$1.90B	$1.87B	$1.84B	$1.75B	$1.67B	$1.65B	$1.62B	$1.48B	$1.34B	$1.23B	$1.18B
Key figures
Total debt	$4.11B	$4.27B	$2.92B	$2.40B	$2.42B	$2.42B	$2.42B	$2.42B	$2.42B	$2.42B	$2.52B	$2.52B
Net cash (debt)	−$3.71B	−$3.96B	−$1.43B	−$1.50B	−$1.64B	−$1.67B	−$1.64B	−$1.63B	−$1.77B	−$1.87B	−$1.97B	−$2.02B
Working capital	$1.07B	$1.05B	$1.77B	$1.23B	$1.11B	$1.05B	$1.03B	$1.03B	$912.0M	$782.0M	$749.0M	$713.0M
Tangible book value	−$2.44B	−$2.61B	−$1.00B	−$1.05B	−$1.14B	−$1.23B	−$1.25B	−$1.28B	−$1.42B	−$1.56B	−$1.68B	−$1.74B
Book value per share	$23.56	$22.65	$22.21	$21.90	$20.62	$19.34	$18.96	$18.42	$16.86	$15.08	$13.85	$13.16
Shares outstanding	84.0M	84.0M	84.0M	84.0M	85.0M	86.1M	87.1M	88.0M	88.0M	89.0M	89.0M	90.0M
Current ratio	1.81	1.85	4.85	3.82	3.36	3.05	3.04	2.83	2.78	2.51	2.50	2.41
Quick ratio	0.99	0.96	3.97	2.81	2.44	2.21	2.25	2.10	2.02	1.82	1.82	1.73
Debt / equity	2.08	2.24	1.56	1.30	1.38	1.45	1.47	1.49	1.63	1.81	2.04	2.13
Equity / assets	22.7%	21.9%	30.7%	33.4%	32.4%	31.0%	30.9%	30.2%	28.7%	26.5%	24.5%	23.7%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 24, 2026); data from EODHD.

ALSN financial position

At the end of fiscal 2025 (December 31, 2025), Allison Transmission had total assets of $6.1 billion (up 14.0% from a year earlier), total liabilities of $4.2 billion and shareholders' equity of $1.9 billion. It held $1.5 billion in cash and short-term investments against $2.9 billion of debt, net debt of $1.4 billion. Its current ratio was 4.85. In the latest quarter (ended June 30, 2026) total assets were $8.7 billion and equity $2.0 billion.

Related: ALSN income statement, ALSN cash flow statement, ALSN key metrics. See the ALSN stock overview for the latest quote and news.

ALSN balance sheet FAQ

What are Allison Transmission's total assets?

Allison Transmission reported total assets of $6.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $5.3 billion a year earlier.

How much debt does Allison Transmission have?

Allison Transmission had $2.9 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 1.56.

How much cash does Allison Transmission have?

Allison Transmission held $1.5 billion in cash and short-term investments at the end of fiscal 2025; with $2.9 billion of debt that is net debt of $1.4 billion.

What is Allison Transmission's book value?

Allison Transmission's shareholders' equity (book value) was $1.9 billion at the end of fiscal 2025, or $21.96 per share.

What is Allison Transmission's current ratio?

Allison Transmission had current assets of $2.2 billion and current liabilities of $460.0 million, a current ratio of 4.85 (it can cover its short-term obligations).

How much goodwill does Allison Transmission have?

Allison Transmission carried $2.9 billion of goodwill and intangible assets, 47.2% of total assets, at the end of fiscal 2025.