Academy Sports and Outdoors, Inc. (ASO) Balance Sheet
ASO balance sheet, FY2026
January 31, 2026 · U.S. dollars$5.28B assets = $3.11B liabilities + $2.17B equity
Both columns are drawn to the same scale: what ASO owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ASO financial health
Descriptive bands, not a rating. Fiscal FY2026.
ASO balance sheet trends, FY2019–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $3.24BFY2019 | $5.28BFY2026 | +7.2%/yr | |
| Total liabilities | $2.38BFY2019 | $3.11BFY2026 | +3.9%/yr | |
| Shareholders’ equity | $8.4MFY2019 | $2.17BFY2026 | +120.9%/yr | |
| Cash & short-term investments | $75.7MFY2019 | $330.3MFY2026 | +23.4%/yr | |
| Total debt | $1.63BFY2019 | $1.89BFY2026 | +2.2%/yr | |
| Net cash (debt) | −$1.55BFY2019 | −$1.56BFY2026 | −$12.8M | |
| Working capital | $582.8MFY2019 | $922.0MFY2026 | +$339.2M | |
| Book value per share | $0.11FY2019 | $31.92FY2026 | +125.5%/yr | |
| Current ratio | 1.85FY2019 | 1.89FY2026 | +0.04 | |
| Debt / equity | 192.36FY2019 | 0.87FY2026 | −191.49 | |
| Shares outstanding | 78.6MFY2019 | 68.0MFY2026 | −2.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ASO assets
ASO liabilities and equity
ASO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ASO balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $330.3M | $288.9M | $347.9M | $337.1M | $486.0M | $377.6M | $149.4M | $75.7M |
| Cash & equivalents | $330.3M | $288.9M | $347.9M | $337.1M | $486.0M | $377.6M | $149.4M | $75.7M |
| Short-term investments | — | — | — | — | — | — | — | $3.4M |
| Receivables | $34.8M | $16.8M | $19.4M | $16.5M | $19.7M | $17.3M | $14.0M | $15.7M |
| Inventory | $1.50B | $1.31B | $1.19B | $1.28B | $1.17B | $990.0M | $1.10B | $1.13B |
| Other current assets | $85.4M | $95.6M | $83.5M | $49.5M | $38.2M | $30.1M | $26.3M | $41.7M |
| Total current assets | $1.95B | $1.71B | $1.64B | $1.69B | $1.72B | $1.42B | $1.29B | $1.27B |
| Property, plant & equipment (net) | $1.82B | $1.70B | $1.56B | $1.45B | $1.43B | $1.52B | $1.59B | $496.2M |
| Goodwill & intangible assets | $1.44B | $1.44B | $1.44B | $1.44B | $1.44B | $1.44B | $1.44B | $1.45B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $62.8M | $51.7M | $35.2M | $17.6M | $4.7M | $8.6M | $15.8M | $21.5M |
| Total assets | $5.28B | $4.90B | $4.68B | $4.60B | $4.58B | $4.38B | $4.33B | $3.24B |
| Liabilities | ||||||||
| Accounts payable | $637.9M | $612.4M | $541.1M | $686.5M | $737.8M | $791.4M | $428.8M | $432.0M |
| Short-term debt | $150.5M | $118.1M | $120.8M | $112.1M | $83.1M | $80.3M | $110.4M | $68.3M |
| Deferred revenue | $102.2M | $98.6M | $96.7M | $92.6M | $88.7M | $76.8M | $70.2M | $67.5M |
| Total current liabilities | $1.03B | $960.9M | $879.9M | $1.04B | $1.13B | $1.17B | $750.6M | $684.5M |
| Long-term debt | $480.8M | $482.7M | $484.6M | $584.5M | $683.6M | $781.5M | $1.43B | $1.56B |
| Lease obligations | $1.41B | $1.30B | $1.21B | $1.18B | $1.16B | $1.23B | $1.22B | $0 |
| Other long-term liabilities | $1.59B | $1.45B | $1.36B | $1.34B | $1.31B | $1.32B | $1.16B | $140.7M |
| Total liabilities | $3.11B | $2.90B | $2.72B | $2.97B | $3.12B | $3.27B | $3.34B | $2.38B |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $649,000 | $683,000 | $743,000 | $767,000 | $870,000 | $911,000 | $996.3M | $848.6M |
| Retained earnings (deficit) | $1.91B | $1.76B | $1.71B | $1.41B | $1.27B | $987.2M | −$1.01B | −$858.0M |
| Accumulated other comprehensive income | — | — | $0 | — | −$1.5M | −$3.3M | −$8.1M | $8.4M |
| Total shareholders' equity | $2.17B | $2.00B | $1.95B | $1.63B | $1.47B | $1.11B | −$8.1M | $8.4M |
| Key figures | ||||||||
| Total debt | $1.89B | $1.79B | $1.70B | $1.77B | $1.84B | $2.01B | $2.68B | $1.63B |
| Net cash (debt) | −$1.56B | −$1.50B | −$1.35B | −$1.43B | −$1.36B | −$1.63B | −$2.53B | −$1.55B |
| Working capital | $922.0M | $749.3M | $765.0M | $648.0M | $588.6M | $247.9M | $538.8M | $582.8M |
| Tangible book value | $729.7M | $563.1M | $514.5M | $188.7M | $27.8M | −$326.9M | −$1.45B | −$1.45B |
| Book value per share | $31.92 | $27.43 | $25.23 | $19.41 | $15.56 | $12.20 | −$0.09 | $0.11 |
| Shares outstanding | 68.0M | 73.0M | 77.5M | 83.9M | 94.3M | 91.1M | 90.4M | 78.6M |
| Current ratio | 1.89 | 1.78 | 1.87 | 1.62 | 1.52 | 1.21 | 1.72 | 1.85 |
| Quick ratio | 0.35 | 0.32 | 0.42 | 0.34 | 0.45 | 0.34 | 0.22 | 0.13 |
| Debt / equity | 0.87 | 0.89 | 0.87 | 1.09 | 1.26 | 1.81 | — | 192.36 |
| Equity / assets | 41.1% | 40.9% | 41.8% | 35.4% | 32.0% | 25.4% | −0.2% | 0.3% |
| 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 | $298.2M | $337.8M | $330.3M | $289.5M | $300.9M | $285.1M | $288.9M | $296.0M | $324.6M | $378.1M | $347.9M | $274.8M |
| Cash & equivalents | $298.2M | $337.8M | $330.3M | $289.5M | $300.9M | $285.1M | $288.9M | $296.0M | $324.6M | $378.1M | $347.9M | $274.8M |
| Receivables | $23.0M | $17.7M | $34.8M | $17.5M | $19.2M | $16.9M | $16.8M | $18.1M | $12.8M | $13.7M | $19.4M | $17.7M |
| Inventory | $1.66B | $1.65B | $1.50B | $1.70B | $1.59B | $1.56B | $1.31B | $1.52B | $1.37B | $1.36B | $1.19B | $1.49B |
| Other current assets | $92.9M | $96.2M | $85.4M | $85.4M | $78.3M | $59.8M | $95.6M | $68.9M | $108.4M | $68.3M | $83.5M | $110.8M |
| Total current assets | $2.07B | $2.11B | $1.95B | $2.09B | $1.99B | $1.92B | $1.71B | $1.91B | $1.81B | $1.82B | $1.64B | $1.90B |
| Property, plant & equipment (net) | $1.92B | $1.89B | $1.82B | $1.82B | $1.79B | $1.76B | $1.70B | $1.69B | $1.57B | $1.57B | $1.56B | $1.56B |
| Goodwill & intangible assets | $1.44B | $1.44B | $1.44B | $1.44B | $1.44B | $1.44B | $1.44B | $1.44B | $1.44B | $1.44B | $1.44B | $1.44B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $70.2M | $62.8M | $62.8M | $61.3M | $58.6M | $55.9M | $51.7M | $50.8M | $47.5M | $43.8M | $35.2M | $29.2M |
| Total assets | $5.51B | $5.50B | $5.28B | $5.41B | $5.28B | $5.18B | $4.90B | $5.09B | $4.87B | $4.87B | $4.68B | $4.92B |
| Liabilities | ||||||||||||
| Accounts payable | $751.6M | $826.3M | $637.9M | $793.6M | $803.3M | $849.6M | $612.4M | $764.5M | $704.6M | $735.6M | $541.1M | $820.4M |
| Short-term debt | $134.4M | $155.0M | $150.5M | $127.7M | $142.7M | $141.0M | $118.1M | $263.5M | $127.6M | $121.5M | $120.8M | $117.1M |
| Deferred revenue | — | $92.4M | $102.2M | $82.0M | $88.3M | $89.4M | $98.6M | $78.9M | $82.6M | $84.7M | $96.7M | $74.2M |
| Total current liabilities | $1.19B | $1.26B | $1.03B | $1.23B | $1.21B | $1.26B | $960.9M | $1.21B | $1.09B | $1.12B | $879.9M | $1.17B |
| Long-term debt | $494.2M | $480.3M | $480.8M | $481.3M | $481.7M | $482.2M | $482.7M | $483.1M | $483.6M | $484.1M | $484.6M | $583.4M |
| Lease obligations | $1.47B | $1.47B | $1.41B | $1.38B | $1.36B | $1.35B | $1.30B | $1.30B | $1.21B | $1.22B | $1.21B | $1.21B |
| Other long-term liabilities | $1.65B | $1.65B | $1.59B | $1.56B | $1.51B | $1.49B | $1.45B | $1.44B | $1.35B | $1.36B | $1.36B | $1.37B |
| Total liabilities | $3.33B | $3.38B | $3.11B | $3.27B | $3.20B | $3.23B | $2.90B | $3.13B | $2.92B | $2.97B | $2.72B | $3.13B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $620,000 | $635,000 | $649,000 | $667,000 | $666,000 | $662,000 | $683,000 | $699,000 | $709,000 | $726,000 | $743,000 | $741,000 |
| Retained earnings (deficit) | $1.92B | $1.87B | $1.91B | $1.88B | $1.82B | $1.70B | $1.76B | $1.72B | $1.71B | $1.66B | $1.71B | $1.55B |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | $0 | — | $0 | — |
| Total shareholders' equity | $2.18B | $2.12B | $2.17B | $2.15B | $2.08B | $1.95B | $2.00B | $1.96B | $1.95B | $1.91B | $1.95B | $1.79B |
| Key figures | ||||||||||||
| Total debt | $1.97B | $1.95B | $1.89B | $1.87B | $1.84B | $1.83B | $1.79B | $1.31B | $1.69B | $1.70B | $1.70B | $1.80B |
| Net cash (debt) | −$1.67B | −$1.61B | −$1.56B | −$1.58B | −$1.54B | −$1.55B | −$1.50B | −$1.01B | −$1.37B | −$1.33B | −$1.35B | −$1.52B |
| Working capital | $883.0M | $849.9M | $922.0M | $866.5M | $773.9M | $658.9M | $749.3M | $696.0M | $721.1M | $694.9M | $765.0M | $723.0M |
| Tangible book value | $736.5M | $679.2M | $729.7M | $704.8M | $633.9M | $506.1M | $563.1M | $520.8M | $511.9M | $465.2M | $514.5M | $353.1M |
| Book value per share | $34.28 | $32.16 | $32.12 | $31.58 | $30.66 | $28.56 | $28.35 | $27.33 | $26.64 | $25.14 | $25.71 | $23.58 |
| Shares outstanding | 63.6M | 65.9M | 67.6M | 68.0M | 67.7M | 68.2M | 70.7M | 71.8M | 73.3M | 75.8M | 76.0M | 76.1M |
| Current ratio | 1.74 | 1.68 | 1.89 | 1.71 | 1.64 | 1.52 | 1.78 | 1.57 | 1.66 | 1.62 | 1.87 | 1.62 |
| Quick ratio | 0.27 | 0.28 | 0.35 | 0.25 | 0.26 | 0.24 | 0.32 | 0.26 | 0.31 | 0.35 | 0.42 | 0.25 |
| Debt / equity | 0.90 | 0.92 | 0.87 | 0.87 | 0.89 | 0.94 | 0.89 | 0.67 | 0.87 | 0.89 | 0.87 | 1.00 |
| Equity / assets | 39.5% | 38.5% | 41.1% | 39.6% | 39.3% | 37.6% | 40.9% | 38.5% | 40.1% | 39.1% | 41.8% | 36.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 17, 2026); data from EODHD.
ASO financial position
At the end of fiscal 2026 (January 31, 2026), Academy Sports and Outdoors had total assets of $5.3 billion (up 7.7% from a year earlier), total liabilities of $3.1 billion and shareholders' equity of $2.2 billion. It held $330.3 million in cash and short-term investments against $1.9 billion of debt, net debt of $1.6 billion. Its current ratio was 1.89. In the latest quarter (ended July 31, 2026) total assets were $5.5 billion and equity $2.2 billion.
Related: ASO income statement, ASO cash flow statement, ASO key metrics. See the ASO stock overview for the latest quote and news.
ASO balance sheet FAQ
What are Academy Sports and Outdoors's total assets?
Academy Sports and Outdoors reported total assets of $5.3 billion at the end of fiscal 2026 (January 31, 2026), compared with $4.9 billion a year earlier.
How much debt does Academy Sports and Outdoors have?
Academy Sports and Outdoors had $1.9 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.87.
How much cash does Academy Sports and Outdoors have?
Academy Sports and Outdoors held $330.3 million in cash and short-term investments at the end of fiscal 2026; with $1.9 billion of debt that is net debt of $1.6 billion.
What is Academy Sports and Outdoors's book value?
Academy Sports and Outdoors's shareholders' equity (book value) was $2.2 billion at the end of fiscal 2026, or $31.92 per share.
What is Academy Sports and Outdoors's current ratio?
Academy Sports and Outdoors had current assets of $2.0 billion and current liabilities of $1.0 billion, a current ratio of 1.89 (it can cover its short-term obligations).
How much goodwill does Academy Sports and Outdoors have?
Academy Sports and Outdoors carried $1.4 billion of goodwill and intangible assets, 27.3% of total assets, at the end of fiscal 2026.