Ampco-Pittsburgh Corporation (AP) Balance Sheet
AP balance sheet, 2025
December 31, 2025 · U.S. dollars$495.4M assets = $447.4M liabilities + $48.0M equity
Both columns are drawn to the same scale: what AP owns equals what it owes plus shareholders’ equity. Hover a block for its value.
AP financial health
Descriptive bands, not a rating. Fiscal 2025.
AP balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $565.9M2016 | $495.4M2025 | −1.5%/yr | |
| Total liabilities | $416.1M2016 | $447.4M2025 | +0.8%/yr | |
| Shareholders’ equity | $147.9M2016 | $32.6M2025 | −15.5%/yr | |
| Cash & short-term investments | $38.6M2016 | $10.7M2025 | −13.3%/yr | |
| Total debt | $52.2M2016 | $138.3M2025 | +11.4%/yr | |
| Net cash (debt) | −$13.6M2016 | −$127.6M2025 | −$114.0M | |
| Working capital | $77.2M2016 | $109.2M2025 | +$32.0M | |
| Book value per share | $12.382016 | $1.622025 | −20.2%/yr | |
| Current ratio | 1.532016 | 1.842025 | +0.30 | |
| Debt / equity | 0.352016 | 4.242025 | +3.88 | |
| Shares outstanding | 12.0M2016 | 20.1M2025 | +6.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
AP assets
AP liabilities and equity
AP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
AP balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $10.7M | $15.4M | $7.3M | $8.7M | $10.3M | $16.8M | $7.0M | $19.7M | $20.7M | $38.6M |
| Cash & equivalents | $10.7M | $15.4M | $7.3M | $8.7M | $10.3M | $16.8M | $7.0M | $19.7M | $20.7M | $38.6M |
| Short-term investments | — | — | — | — | — | $2.2M | — | — | $0 | $0 |
| Receivables | $110.2M | $95.9M | $99.3M | $93.5M | $84.8M | $76.4M | $97.8M | $86.4M | $81.7M | $85.2M |
| Inventory | $104.4M | $116.8M | $124.7M | $121.7M | $108.7M | $73.2M | $82.3M | $94.2M | $107.6M | $83.6M |
| Other current assets | $14.3M | $8.7M | $5.4M | $7.4M | $4.9M | $5.4M | $6.4M | $27.5M | $30.3M | $14.1M |
| Total current assets | $239.6M | $236.8M | $236.7M | $231.4M | $208.8M | $171.8M | $193.4M | $227.9M | $240.2M | $221.5M |
| Property, plant & equipment (net) | $133.8M | $152.6M | $163.5M | $158.5M | $162.6M | $166.4M | $170.7M | $185.7M | $215.0M | $214.4M |
| Goodwill & intangible assets | $4.6M | $4.3M | $4.9M | $5.2M | $6.2M | $7.2M | $15.2M | $18.4M | $22.0M | $23.2M |
| Long-term investments | $835,000 | $2.2M | $2.2M | $93.1M | $107.5M | $2.2M | $123.1M | $137.7M | $89.5M | $105.0M |
| Other non-current assets | $116.5M | $135.0M | $158.4M | $14.6M | $20.8M | $115.5M | $4.1M | $1.5M | $0 | $1.9M |
| Total assets | $495.4M | $530.9M | $565.7M | $502.8M | $506.0M | $463.2M | $506.6M | $571.1M | $565.6M | $565.9M |
| Liabilities | ||||||||||
| Accounts payable | $48.1M | $36.7M | $37.2M | $43.6M | $44.2M | $26.7M | $33.3M | $38.9M | $35.4M | $37.1M |
| Short-term debt | $16.7M | $13.1M | $13.2M | $13.0M | $20.6M | $13.1M | $21.0M | $45.7M | $19.3M | $26.8M |
| Deferred revenue | — | — | $149,000 | $2.1M | $19.6M | $22.9M | $26.1M | $4.3M | $6.8M | $24.1M |
| Total current liabilities | $130.5M | $125.2M | $116.9M | $116.2M | $125.0M | $105.3M | $124.2M | $167.5M | $144.7M | $144.3M |
| Long-term debt | $117.9M | $116.4M | $116.4M | $93.1M | $40.9M | $24.8M | $50.5M | $31.9M | $46.8M | $25.4M |
| Lease obligations | $4.7M | $4.6M | $4.8M | $3.5M | $4.1M | $4.3M | $4.3M | — | — | — |
| Other long-term liabilities | $199.0M | $218.2M | $260.8M | $180.1M | $227.9M | $248.1M | $276.2M | $278.8M | $212.3M | $246.4M |
| Total liabilities | $447.4M | $459.8M | $494.1M | $389.4M | $393.8M | $378.2M | $450.9M | $478.1M | $403.8M | $416.1M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $20.2M | $20.0M | $19.7M | $19.4M | $19.2M | $18.3M | $12.7M | $12.5M | $165.4M | $12.3M |
| Retained earnings (deficit) | −$138.6M | −$72.6M | −$73.0M | −$32.3M | −$35.7M | −$43.4M | −$51.3M | −$30.4M | $38.3M | $45.4M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$28.2M | −$66.8M | −$63.0M | −$58.4M | −$55.1M | −$68.7M | −$68.7M | −$49.4M | −$44.8M | −$60.9M |
| Minority interest | $15.3M | $12.2M | $10.6M | $9.1M | $9.2M | $8.4M | $6.7M | $5.4M | $2.8M | $1.9M |
| Total shareholders' equity | $32.6M | $58.9M | $60.9M | $104.3M | $102.9M | $76.6M | $48.9M | $87.6M | $158.9M | $147.9M |
| Key figures | ||||||||||
| Total debt | $138.3M | $133.2M | $133.4M | $109.0M | $65.0M | $41.6M | $75.1M | $77.6M | $66.2M | $52.2M |
| Net cash (debt) | −$127.6M | −$117.7M | −$126.1M | −$100.3M | −$54.6M | −$24.7M | −$68.2M | −$57.9M | −$45.5M | −$13.6M |
| Working capital | $109.2M | $111.6M | $119.8M | $115.2M | $83.8M | $66.5M | $69.2M | $60.4M | $95.6M | $77.2M |
| Tangible book value | $28.0M | $54.6M | $56.0M | $99.1M | $96.7M | $69.3M | $33.6M | $69.1M | $136.9M | $124.7M |
| Book value per share | $1.62 | $2.96 | $3.11 | $5.37 | $5.43 | $5.23 | $3.88 | $7.04 | $12.89 | $12.38 |
| Shares outstanding | 20.1M | 19.9M | 19.6M | 19.4M | 19.0M | 14.6M | 12.6M | 12.4M | 12.3M | 12.0M |
| Current ratio | 1.84 | 1.89 | 2.02 | 1.99 | 1.67 | 1.63 | 1.56 | 1.36 | 1.66 | 1.53 |
| Quick ratio | 0.93 | 0.89 | 0.91 | 0.88 | 0.76 | 0.88 | 0.84 | 0.63 | 0.71 | 0.86 |
| Debt / equity | 4.24 | 2.26 | 2.19 | 1.04 | 0.63 | 0.54 | 1.54 | 0.89 | 0.42 | 0.35 |
| Equity / assets | 6.6% | 11.1% | 10.8% | 20.8% | 20.3% | 16.5% | 9.7% | 15.3% | 28.1% | 26.1% |
| 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 | $7.0M | $9.2M | $10.7M | $15.0M | $9.9M | $7.1M | $15.4M | $11.8M | $7.9M | $10.8M | $7.3M | $6.1M |
| Cash & equivalents | $7.0M | $9.2M | $10.7M | $15.0M | $9.9M | $7.1M | $15.4M | $11.8M | $7.9M | $10.8M | $7.3M | $6.1M |
| Receivables | $107.3M | $122.5M | $110.2M | $107.1M | $107.7M | $105.4M | $95.9M | $99.1M | $113.0M | $104.8M | $99.3M | $98.3M |
| Inventory | $113.8M | $105.1M | $104.4M | $119.2M | $123.7M | $124.2M | $116.8M | $120.9M | $119.8M | $123.1M | $124.7M | $130.7M |
| Other current assets | $19.8M | $12.3M | $14.3M | $8.4M | $9.9M | $9.8M | $8.7M | $6.9M | $6.7M | $5.1M | $5.4M | $7.4M |
| Total current assets | $247.9M | $249.1M | $239.6M | $249.5M | $251.2M | $246.5M | $236.8M | $238.7M | $247.4M | $243.8M | $236.7M | $242.5M |
| Property, plant & equipment (net) | $131.5M | $131.0M | $133.8M | $145.9M | $151.8M | $152.2M | $152.6M | $157.4M | $157.8M | $160.0M | $163.5M | $161.0M |
| Goodwill & intangible assets | $4.3M | $4.5M | $4.6M | $4.6M | $4.7M | $4.5M | $4.3M | $4.7M | $4.6M | $4.7M | $4.9M | $4.7M |
| Long-term investments | $835,000 | $835,000 | $835,000 | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M |
| Other non-current assets | $106.3M | $111.9M | $116.5M | $122.2M | $127.3M | $130.8M | $135.0M | $144.5M | $148.9M | $155.3M | $158.4M | $95.7M |
| Total assets | $490.9M | $497.2M | $495.4M | $524.4M | $537.2M | $536.2M | $530.9M | $547.4M | $560.8M | $565.8M | $565.7M | $506.1M |
| Liabilities | ||||||||||||
| Accounts payable | $45.8M | $49.9M | $48.1M | $46.9M | $45.9M | $42.0M | $36.7M | $31.8M | $41.4M | $42.5M | $37.2M | $43.5M |
| Short-term debt | $18.2M | $19.7M | $16.7M | $17.2M | $19.7M | $13.2M | $13.1M | $15.2M | $16.8M | $15.7M | $13.2M | $14.6M |
| Deferred revenue | $19.8M | — | — | — | — | — | — | — | $2.5M | — | — | $34.3M |
| Total current liabilities | $139.6M | $142.1M | $130.5M | $135.8M | $139.8M | $132.6M | $125.2M | $119.7M | $124.8M | $125.7M | $116.9M | $118.8M |
| Long-term debt | $120.3M | $115.3M | $117.9M | $119.0M | $115.9M | $115.0M | $116.4M | $116.0M | $119.4M | $116.2M | $116.4M | $114.2M |
| Lease obligations | $4.5M | $4.6M | $4.7M | $4.6M | $5.0M | $5.0M | $4.6M | $4.8M | $4.7M | $4.6M | $4.8M | $4.9M |
| Other long-term liabilities | $182.7M | $192.2M | $199.0M | $195.1M | $205.0M | $210.9M | $218.2M | $238.0M | $247.1M | $256.7M | $260.8M | $158.9M |
| Total liabilities | $442.6M | $449.6M | $447.4M | $449.9M | $460.7M | $458.5M | $459.8M | $473.7M | $491.3M | $498.6M | $494.1M | $391.8M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $20.6M | $20.2M | $20.2M | $20.2M | $20.2M | $20.0M | $20.0M | $20.0M | $20.0M | $19.7M | $19.7M | $19.7M |
| Retained earnings (deficit) | −$138.0M | −$139.5M | −$138.6M | −$81.0M | −$78.8M | −$71.4M | −$72.6M | −$75.7M | −$73.7M | −$75.7M | −$73.0M | −$31.2M |
| Accumulated other comprehensive income | −$29.4M | −$28.9M | −$28.2M | −$58.0M | −$57.3M | −$62.5M | −$66.8M | −$60.9M | −$65.8M | −$65.3M | −$63.0M | −$60.8M |
| Minority interest | $17.2M | $16.3M | $15.3M | $14.5M | $13.8M | — | — | — | — | — | — | — |
| Total shareholders' equity | $31.1M | $31.3M | $32.6M | $60.1M | $62.7M | $64.6M | $58.9M | $61.3M | $58.0M | $56.3M | $60.9M | $104.4M |
| Key figures | ||||||||||||
| Total debt | $142.1M | $138.7M | $138.3M | $139.9M | $139.6M | $132.3M | $133.2M | $135.1M | $139.9M | $135.5M | $133.4M | $132.7M |
| Net cash (debt) | −$135.0M | −$129.5M | −$127.6M | −$124.9M | −$129.6M | −$125.2M | −$117.7M | −$123.3M | −$132.0M | −$124.7M | −$126.1M | −$126.6M |
| Working capital | $108.3M | $107.0M | $109.2M | $113.8M | $111.4M | $113.9M | $111.6M | $119.0M | $122.5M | $118.0M | $119.8M | $123.8M |
| Tangible book value | $26.8M | $26.9M | $28.0M | $55.5M | $58.0M | $60.1M | $54.6M | $56.7M | $53.5M | $51.6M | $56.0M | $99.7M |
| Book value per share | $1.45 | $1.55 | $1.61 | $2.97 | $3.12 | $3.21 | $2.94 | $3.07 | $2.92 | $2.85 | $3.09 | $5.29 |
| Shares outstanding | 21.4M | 20.2M | 20.2M | 20.2M | 20.1M | 20.2M | 20.0M | 20.0M | 19.9M | 19.7M | 19.7M | 19.7M |
| Current ratio | 1.78 | 1.75 | 1.84 | 1.84 | 1.80 | 1.86 | 1.89 | 1.99 | 1.98 | 1.94 | 2.02 | 2.04 |
| Quick ratio | 0.82 | 0.93 | 0.93 | 0.90 | 0.84 | 0.85 | 0.89 | 0.93 | 0.97 | 0.92 | 0.91 | 0.88 |
| Debt / equity | 4.57 | 4.43 | 4.24 | 2.33 | 2.23 | 2.05 | 2.26 | 2.20 | 2.41 | 2.41 | 2.19 | 1.27 |
| Equity / assets | 6.3% | 6.3% | 6.6% | 11.5% | 11.7% | 12.1% | 11.1% | 11.2% | 10.4% | 10.0% | 10.8% | 20.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 16, 2026); data from EODHD.
AP financial position
At the end of fiscal 2025 (December 31, 2025), Ampco-Pittsburgh had total assets of $495.4 million (down 6.7% from a year earlier), total liabilities of $447.4 million and shareholders' equity of $32.6 million. It held $10.7 million in cash and short-term investments against $138.3 million of debt, net debt of $127.6 million. Its current ratio was 1.84. In the latest quarter (ended June 30, 2026) total assets were $490.9 million and equity $31.1 million.
Related: AP income statement, AP cash flow statement, AP key metrics. See the AP stock overview for the latest quote and news.
AP balance sheet FAQ
What are Ampco-Pittsburgh's total assets?
Ampco-Pittsburgh reported total assets of $495.4 million at the end of fiscal 2025 (December 31, 2025), compared with $530.9 million a year earlier.
How much debt does Ampco-Pittsburgh have?
Ampco-Pittsburgh had $138.3 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 4.24.
How much cash does Ampco-Pittsburgh have?
Ampco-Pittsburgh held $10.7 million in cash and short-term investments at the end of fiscal 2025; with $138.3 million of debt that is net debt of $127.6 million.
What is Ampco-Pittsburgh's book value?
Ampco-Pittsburgh's shareholders' equity (book value) was $32.6 million at the end of fiscal 2025, or $1.62 per share.
What is Ampco-Pittsburgh's current ratio?
Ampco-Pittsburgh had current assets of $239.6 million and current liabilities of $130.5 million, a current ratio of 1.84 (it can cover its short-term obligations).
How much goodwill does Ampco-Pittsburgh have?
Ampco-Pittsburgh carried $4.6 million of goodwill and intangible assets, 0.9% of total assets, at the end of fiscal 2025.