Alto Ingredients, Inc. (ALTO) Balance Sheet
ALTO balance sheet, 2025
December 31, 2025 · U.S. dollars$388.8M assets = $143.5M liabilities + $245.2M equity
Both columns are drawn to the same scale: what ALTO owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ALTO financial health
Descriptive bands, not a rating. Fiscal 2025.
ALTO balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $708.2M2016 | $388.8M2025 | −6.4%/yr | |
| Total liabilities | $290.0M2016 | $143.5M2025 | −7.5%/yr | |
| Shareholders’ equity | $387.9M2016 | $245.2M2025 | −5.0%/yr | |
| Cash & short-term investments | $64.3M2016 | $25.7M2025 | −9.7%/yr | |
| Total debt | $199.9M2016 | $97.6M2025 | −7.7%/yr | |
| Net cash (debt) | −$135.6M2016 | −$71.9M2025 | +$63.7M | |
| Working capital | $156.4M2016 | $96.8M2025 | −$59.5M | |
| Book value per share | $9.182016 | $3.242025 | −10.9%/yr | |
| Current ratio | 2.982016 | 2.642025 | −0.34 | |
| Debt / equity | 0.522016 | 0.402025 | −0.12 | |
| Shares outstanding | 42.3M2016 | 75.7M2025 | +6.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ALTO assets
ALTO liabilities and equity
ALTO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ALTO balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $25.7M | $35.5M | $30.0M | $36.5M | $50.6M | $47.7M | $19.0M | $26.6M | $49.5M | $64.3M |
| Cash & equivalents | $25.7M | $35.5M | $30.0M | $36.5M | $50.6M | $47.7M | $19.0M | $26.6M | $49.5M | $64.3M |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $978,000 |
| Receivables | $62.6M | $58.2M | $58.7M | $68.7M | $86.9M | $43.5M | $74.3M | $68.2M | $81.1M | $92.0M |
| Inventory | $61.7M | $49.9M | $52.6M | $66.6M | $54.4M | $37.9M | $60.6M | $57.8M | $61.5M | $60.1M |
| Other current assets | $6.0M | $9.5M | $27.4M | $27.4M | $37.7M | $85.0M | $78.2M | $16.1M | $11.1M | $18.9M |
| Total current assets | $155.9M | $153.1M | $168.8M | $199.1M | $229.5M | $214.0M | $232.1M | $168.8M | $203.2M | $235.2M |
| Property, plant & equipment (net) | $215.4M | $235.3M | $271.3M | $258.0M | $236.0M | $240.5M | $356.9M | $482.7M | $508.4M | $465.2M |
| Goodwill & intangible assets | $7.6M | $4.5M | $8.5M | $15.1M | $2.7M | $2.7M | $2.7M | $2.7M | $2.7M | $2.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $9.9M | $8.5M | $5.6M | $6.1M | $16.8M | $19.6M | $20.9M | $5.8M | $6.0M | $5.2M |
| Total assets | $388.8M | $401.4M | $454.2M | $478.3M | $485.0M | $476.8M | $612.5M | $660.0M | $720.3M | $708.2M |
| Liabilities | ||||||||||
| Accounts payable | $14.5M | $20.4M | $20.8M | $28.1M | $23.3M | $13.0M | $29.3M | $48.2M | $39.7M | $37.1M |
| Short-term debt | $21.6M | $4.9M | $4.3M | $3.8M | $3.9M | $27.7M | $66.5M | $146.7M | $20.6M | $11.3M |
| Deferred revenue | — | — | — | — | $21.3M | $11.1M | $22.3M | $23.4M | $21.7M | $24.1M |
| Total current liabilities | $59.1M | $57.8M | $65.3M | $78.0M | $69.6M | $86.9M | $160.4M | $231.9M | $90.7M | $78.8M |
| Long-term debt | $63.0M | $92.9M | $82.1M | $68.4M | $50.4M | $71.8M | $180.8M | $94.1M | $221.1M | $0 |
| Lease obligations | $18.0M | $21.8M | $23.4M | $18.9M | $13.3M | $10.9M | $24.6M | $123,000 | $715,000 | — |
| Other long-term liabilities | $21.4M | $25.7M | $27.3M | $23.9M | $19.8M | $21.8M | $44.3M | $14.6M | $24.8M | $211.1M |
| Total liabilities | $143.5M | $176.4M | $174.7M | $170.2M | $139.7M | $180.6M | $385.4M | $340.6M | $336.6M | $290.0M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $77,000 | $77,000 | $76,000 | $75,000 | $73,000 | $72,000 | $56,000 | $46,000 | $44,000 | $44,000 |
| Retained earnings (deficit) | −$812.1M | −$824.2M | −$763.9M | −$734.6M | −$691.8M | −$736.6M | −$720.2M | −$630.0M | −$568.5M | −$532.2M |
| Accumulated other comprehensive income | $5.5M | $5.0M | $2.5M | $1.8M | −$284,000 | −$3.9M | −$2.4M | −$2.5M | −$2.2M | −$2.6M |
| Total shareholders' equity | $245.2M | $225.1M | $279.6M | $308.1M | $345.2M | $296.2M | $219.8M | $299.8M | $356.4M | $387.9M |
| Key figures | ||||||||||
| Total debt | $97.6M | $114.7M | $105.5M | $87.3M | $63.7M | $108.2M | $268.4M | $231.6M | $241.8M | $199.9M |
| Net cash (debt) | −$71.9M | −$79.2M | −$75.4M | −$50.8M | −$13.0M | −$60.6M | −$249.4M | −$204.9M | −$192.3M | −$135.6M |
| Working capital | $96.8M | $95.3M | $103.5M | $121.1M | $159.9M | $127.1M | $71.7M | −$63.1M | $112.5M | $156.4M |
| Tangible book value | $237.7M | $220.6M | $271.1M | $293.0M | $342.5M | $293.6M | $217.1M | $297.1M | $353.8M | $385.2M |
| Book value per share | $3.24 | $3.06 | $3.81 | $4.28 | $4.78 | $5.05 | $4.64 | $6.91 | $8.34 | $9.18 |
| Shares outstanding | 75.7M | 73.5M | 73.3M | 71.9M | 72.2M | 58.6M | 47.4M | 43.4M | 42.7M | 42.3M |
| Current ratio | 2.64 | 2.65 | 2.59 | 2.55 | 3.30 | 2.46 | 1.45 | 0.73 | 2.24 | 2.98 |
| Quick ratio | 1.49 | 1.62 | 1.36 | 1.35 | 1.98 | 1.05 | 0.58 | 0.41 | 1.44 | 1.98 |
| Debt / equity | 0.40 | 0.51 | 0.38 | 0.28 | 0.18 | 0.37 | 1.22 | 0.77 | 0.68 | 0.52 |
| Equity / assets | 63.1% | 56.1% | 61.5% | 64.4% | 71.2% | 62.1% | 35.9% | 45.4% | 49.5% | 54.8% |
| 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 | $24.0M | $20.3M | $25.7M | $32.5M | $30.5M | $26.8M | $35.5M | $33.6M | $27.1M | $29.3M | $30.0M | $26.2M |
| Cash & equivalents | $24.0M | $20.3M | $25.7M | $32.5M | $30.5M | $26.8M | $35.5M | $33.6M | $27.1M | $29.3M | $30.0M | $26.2M |
| Receivables | $67.9M | $59.7M | $62.6M | $54.8M | $57.5M | $65.5M | $58.2M | $52.0M | $64.1M | $58.1M | $58.7M | $66.1M |
| Inventory | $51.6M | $52.8M | $61.7M | $53.4M | $53.9M | $50.6M | $49.9M | $48.0M | $49.4M | $42.6M | $52.6M | $57.1M |
| Other current assets | $17.4M | $25.7M | $6.0M | $10.3M | $7.9M | $10.6M | $9.5M | $11.5M | $13.0M | $20.8M | $27.4M | $18.9M |
| Total current assets | $160.8M | $158.6M | $155.9M | $150.9M | $149.7M | $153.5M | $153.1M | $145.2M | $153.7M | $150.8M | $168.8M | $168.2M |
| Property, plant & equipment (net) | $197.5M | $210.4M | $215.4M | $221.5M | $227.3M | $232.0M | $235.3M | $258.2M | $265.3M | $270.4M | $271.3M | $272.3M |
| Goodwill & intangible assets | $7.3M | $7.4M | $7.6M | $7.7M | $7.9M | $8.1M | $4.5M | $8.1M | $8.2M | $8.4M | $8.5M | $14.6M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $31.5M | $9.9M | $9.9M | $8.3M | $8.2M | $8.6M | $8.5M | $6.0M | $5.3M | $5.0M | $5.6M | $6.0M |
| Total assets | $397.1M | $386.3M | $388.8M | $388.5M | $393.1M | $402.2M | $401.4M | $417.4M | $432.5M | $434.6M | $454.2M | $461.1M |
| Liabilities | ||||||||||||
| Accounts payable | $24.2M | $19.3M | $14.5M | $15.5M | $15.7M | $17.0M | $20.4M | $17.2M | $20.1M | $18.5M | $20.8M | $24.0M |
| Short-term debt | $4.9M | $5.0M | $21.6M | $5.1M | $5.0M | $5.0M | $4.9M | $4.4M | $4.5M | $4.5M | $4.3M | $4.0M |
| Deferred revenue | — | — | — | — | — | — | — | — | — | — | — | $16.6M |
| Total current liabilities | $50.4M | $41.7M | $59.1M | $42.4M | $42.5M | $53.1M | $57.8M | $45.1M | $49.8M | $55.1M | $65.3M | $58.4M |
| Long-term debt | $60.5M | $73.1M | $63.0M | $100.6M | $118.3M | $110.7M | $92.9M | $83.3M | $91.0M | $84.1M | $82.1M | $75.9M |
| Lease obligations | $22.5M | $18.2M | $18.0M | $19.1M | $20.4M | $20.6M | $21.8M | $20.2M | $21.3M | $22.4M | $23.4M | $24.0M |
| Other long-term liabilities | $26.3M | $21.7M | $21.4M | $23.1M | $24.4M | $24.5M | $25.7M | $25.0M | $25.9M | $26.9M | $27.3M | $28.8M |
| Total liabilities | $137.2M | $136.4M | $143.5M | $166.1M | $185.2M | $188.3M | $176.4M | $153.5M | $166.7M | $166.0M | $174.7M | $163.1M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $78,000 | $78,000 | $77,000 | $77,000 | $77,000 | $77,000 | $77,000 | $77,000 | $77,000 | $77,000 | $76,000 | $76,000 |
| Retained earnings (deficit) | −$796.7M | −$808.1M | −$812.1M | −$833.6M | −$847.5M | −$836.2M | −$824.2M | −$782.1M | −$779.4M | −$776.0M | −$763.9M | −$744.6M |
| Accumulated other comprehensive income | $5.5M | $5.5M | $5.5M | $5.0M | $5.0M | $5.0M | $5.0M | $2.5M | $2.5M | $2.5M | $2.5M | $1.8M |
| Total shareholders' equity | $259.9M | $249.9M | $245.2M | $222.4M | $207.8M | $213.9M | $225.1M | $263.9M | $265.8M | $268.7M | $279.6M | $298.0M |
| Key figures | ||||||||||||
| Total debt | $82.9M | $91.3M | $97.6M | $119.7M | $138.7M | $131.3M | $114.7M | $103.5M | $112.3M | $106.5M | $105.5M | $99.9M |
| Net cash (debt) | −$59.0M | −$71.0M | −$71.9M | −$87.2M | −$108.2M | −$104.5M | −$79.2M | −$69.9M | −$85.1M | −$77.1M | −$75.4M | −$73.7M |
| Working capital | $110.4M | $116.9M | $96.8M | $108.5M | $107.2M | $100.3M | $95.3M | $100.0M | $103.9M | $95.8M | $103.5M | $109.8M |
| Tangible book value | $252.6M | $242.5M | $237.7M | $214.7M | $200.0M | $205.8M | $220.6M | $255.9M | $257.6M | $260.3M | $271.1M | $283.4M |
| Book value per share | $3.37 | $3.26 | $3.20 | $2.99 | $2.80 | $2.90 | $3.06 | $3.57 | $3.62 | $3.69 | $3.83 | $4.07 |
| Shares outstanding | 77.1M | 76.6M | 76.5M | 74.4M | 74.2M | 73.8M | 73.5M | 73.8M | 73.5M | 72.8M | 73.0M | 73.2M |
| Current ratio | 3.19 | 3.81 | 2.64 | 3.56 | 3.52 | 2.89 | 2.65 | 3.22 | 3.09 | 2.74 | 2.59 | 2.88 |
| Quick ratio | 1.82 | 1.92 | 1.49 | 2.06 | 2.07 | 1.74 | 1.62 | 1.90 | 1.83 | 1.59 | 1.36 | 1.58 |
| Debt / equity | 0.32 | 0.37 | 0.40 | 0.54 | 0.67 | 0.61 | 0.51 | 0.39 | 0.42 | 0.40 | 0.38 | 0.34 |
| Equity / assets | 65.4% | 64.7% | 63.1% | 57.3% | 52.9% | 53.2% | 56.1% | 63.2% | 61.5% | 61.8% | 61.5% | 64.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 13, 2026); data from EODHD.
ALTO financial position
At the end of fiscal 2025 (December 31, 2025), Alto Ingredients had total assets of $388.8 million (down 3.2% from a year earlier), total liabilities of $143.5 million and shareholders' equity of $245.2 million. It held $25.7 million in cash and short-term investments against $97.6 million of debt, net debt of $71.9 million. Its current ratio was 2.64. In the latest quarter (ended June 30, 2026) total assets were $397.1 million and equity $259.9 million.
Related: ALTO income statement, ALTO cash flow statement, ALTO key metrics. See the ALTO stock overview for the latest quote and news.
ALTO balance sheet FAQ
What are Alto Ingredients's total assets?
Alto Ingredients reported total assets of $388.8 million at the end of fiscal 2025 (December 31, 2025), compared with $401.4 million a year earlier.
How much debt does Alto Ingredients have?
Alto Ingredients had $97.6 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.40.
How much cash does Alto Ingredients have?
Alto Ingredients held $25.7 million in cash and short-term investments at the end of fiscal 2025; with $97.6 million of debt that is net debt of $71.9 million.
What is Alto Ingredients's book value?
Alto Ingredients's shareholders' equity (book value) was $245.2 million at the end of fiscal 2025, or $3.24 per share.
What is Alto Ingredients's current ratio?
Alto Ingredients had current assets of $155.9 million and current liabilities of $59.1 million, a current ratio of 2.64 (it can cover its short-term obligations).
How much goodwill does Alto Ingredients have?
Alto Ingredients carried $7.6 million of goodwill and intangible assets, 1.9% of total assets, at the end of fiscal 2025.