Aveanna Healthcare Holdings Inc. (AVAH) Balance Sheet
AVAH balance sheet, 2025
December 31, 2025 · U.S. dollars$2.03B assets = $1.83B liabilities + $195.2M equity
Both columns are drawn to the same scale: what AVAH owns equals what it owes plus shareholders’ equity. Hover a block for its value.
AVAH financial health
Descriptive bands, not a rating. Fiscal 2025.
AVAH balance sheet trends, 2018–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.55B2018 | $2.03B2025 | +3.9%/yr | |
| Total liabilities | $1.21B2018 | $1.83B2025 | +6.1%/yr | |
| Shareholders’ equity | $345.0M2018 | $194.5M2025 | −7.9%/yr | |
| Cash & short-term investments | $8.0M2018 | $193.3M2025 | +57.6%/yr | |
| Total debt | $952.4M2018 | $1.51B2025 | +6.9%/yr | |
| Net cash (debt) | −$944.4M2018 | −$1.32B2025 | −$376.8M | |
| Working capital | $16.6M2018 | $135.8M2025 | +$119.2M | |
| Book value per share | $1.912018 | $0.902025 | −10.2%/yr | |
| Current ratio | 1.082018 | 1.322025 | +0.24 | |
| Debt / equity | 2.762018 | 7.792025 | +5.03 | |
| Shares outstanding | 180.2M2018 | 215.0M2025 | +2.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
AVAH assets
AVAH liabilities and equity
AVAH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
AVAH balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $193.3M | $84.3M | $43.9M | $19.2M | $30.5M | $137.3M | $3.3M | $8.0M |
| Cash & equivalents | $193.3M | $84.3M | $43.9M | $19.2M | $30.5M | $137.3M | $3.3M | $8.0M |
| Receivables | $313.4M | $277.7M | $245.8M | $225.6M | $225.3M | $180.9M | $164.3M | $182.4M |
| Inventory | $0 | $0 | $0 | $15.1M | $14.2M | $11.1M | $10.2M | $1 |
| Other current assets | $53.6M | $30.7M | $25.1M | $9.8M | $9.2M | $11.3M | $8.6M | $24.5M |
| Total current assets | $560.2M | $392.7M | $314.9M | $269.8M | $279.2M | $340.6M | $186.3M | $214.9M |
| Property, plant & equipment (net) | $55.7M | $58.7M | $70.0M | $77.4M | $83.4M | $78.9M | $80.5M | $27.3M |
| Goodwill & intangible assets | $1.21B | $1.14B | $1.15B | $1.26B | $1.94B | $1.39B | $1.28B | $1.28B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $196.2M | $68.0M | $79.5M | $109.1M | $33.4M | $34.5M | $31.3M | $30.0M |
| Total assets | $2.03B | $1.66B | $1.61B | $1.71B | $2.33B | $1.84B | $1.58B | $1.55B |
| Liabilities | ||||||||
| Accounts payable | $32.0M | $36.4M | $30.1M | $44.6M | $52.6M | $56.7M | $66.4M | $38.0M |
| Short-term debt | $200.4M | $198.6M | $183.0M | $28.4M | $27.2M | $24.7M | $20.9M | $9.4M |
| Deferred revenue | — | — | $32.2M | $3.8M | $136.0M | $29.4M | $77.8M | −$38.0M |
| Total current liabilities | $424.5M | $402.2M | $354.8M | $326.5M | $344.8M | $260.4M | $168.5M | $198.4M |
| Long-term debt | $1.29B | $1.27B | $1.28B | $1.28B | $1.23B | $1.16B | $31.5M | $0 |
| Lease obligations | $43.4M | $47.2M | $54.7M | $58.9M | $58.2M | $52.1M | $52.0M | — |
| Other long-term liabilities | $119.4M | $111.7M | $109.3M | $108.4M | $125.1M | $152.9M | $1.11B | $1.01B |
| Total liabilities | $1.83B | $1.79B | $1.74B | $1.72B | $1.70B | $1.58B | $1.31B | $1.21B |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $2.1M | $1.9M | $1.9M | $1.9M | $1.8M | $1.4M | $1.4M | $66,000 |
| Retained earnings (deficit) | −$1.16B | −$1.38B | −$1.37B | −$1.24B | −$574.7M | −$457.6M | −$400.6M | −$323.8M |
| Accumulated other comprehensive income | — | $1.5M | $2.1M | $2.1M | $2.1M | $2.1M | $752,000 | $0 |
| Total shareholders' equity | $194.5M | −$122.1M | −$127.4M | −$4.2M | $638.0M | $267.2M | $270.9M | $345.0M |
| Key figures | ||||||||
| Total debt | $1.51B | $1.50B | $1.50B | $1.36B | $1.30B | $1.23B | $1.08B | $952.4M |
| Net cash (debt) | −$1.32B | −$1.42B | −$1.46B | −$1.34B | −$1.27B | −$1.09B | −$1.08B | −$944.4M |
| Working capital | $135.8M | −$9.5M | −$39.9M | −$56.7M | −$65.6M | $80.2M | $17.8M | $16.6M |
| Tangible book value | −$1.02B | −$1.27B | −$1.28B | −$1.26B | −$1.30B | −$1.12B | −$1.01B | −$933.8M |
| Book value per share | $0.90 | −$0.63 | −$0.67 | −$0.02 | $3.45 | $1.44 | $1.46 | $1.91 |
| Shares outstanding | 215.0M | 192.9M | 190.0M | 185.6M | 184.7M | 185.9M | 185.9M | 180.2M |
| Current ratio | 1.32 | 0.98 | 0.89 | 0.83 | 0.81 | 1.31 | 1.11 | 1.08 |
| Quick ratio | 1.19 | 0.90 | 0.82 | 0.75 | 0.74 | 1.22 | 0.99 | 0.96 |
| Debt / equity | 7.79 | — | — | — | 2.04 | 4.60 | 3.98 | 2.76 |
| Equity / assets | 9.6% | −7.3% | −7.9% | −0.2% | 27.3% | 14.5% | 17.2% | 22.2% |
| 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 | $97.2M | $189.3M | $193.3M | $145.9M | $100.7M | $71.5M | $84.3M | $78.5M | $47.7M | $42.6M | $43.9M | $48.3M |
| Cash & equivalents | $97.2M | $189.3M | $193.3M | $145.9M | $100.7M | $71.5M | $84.3M | $78.5M | $47.7M | $42.6M | $43.9M | $48.3M |
| Receivables | $341.0M | $335.6M | $313.4M | $317.5M | $320.6M | $305.3M | $277.7M | $278.3M | $285.0M | $268.6M | $245.8M | $246.4M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2 | $0 | $12.4M |
| Other current assets | $39.9M | $50.4M | $53.6M | $39.2M | $28.5M | $30.8M | $30.7M | $24.6M | $31.4M | $24.9M | $25.1M | $11.2M |
| Total current assets | $478.1M | $575.3M | $560.2M | $502.6M | $449.9M | $407.6M | $392.7M | $381.4M | $364.0M | $336.0M | $314.9M | $318.2M |
| Property, plant & equipment (net) | $56.9M | $53.9M | $55.7M | $55.2M | $56.5M | $57.5M | $58.7M | $60.6M | $65.0M | $67.1M | $70.0M | $73.8M |
| Goodwill & intangible assets | $1.38B | $1.21B | $1.21B | $1.21B | $1.21B | $1.14B | $1.14B | $1.14B | $1.15B | $1.15B | $1.15B | $1.15B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $195.6M | $179.9M | $196.2M | $42.4M | $51.4M | $51.8M | $68.0M | $57.9M | $88.1M | $91.9M | $79.5M | $112.9M |
| Total assets | $2.11B | $2.02B | $2.03B | $1.81B | $1.77B | $1.66B | $1.66B | $1.64B | $1.66B | $1.64B | $1.61B | $1.65B |
| Liabilities | ||||||||||||
| Accounts payable | $32.4M | $34.4M | $32.0M | $27.1M | $46.6M | $30.5M | $36.4M | $41.9M | $39.1M | $43.2M | $30.1M | $36.5M |
| Short-term debt | $194.7M | $193.7M | $200.4M | $29.2M | $194.0M | $24.5M | $29.9M | $24.5M | $23.8M | $24.6M | $28.0M | $23.2M |
| Deferred revenue | — | — | — | — | — | — | — | — | — | — | — | $105.3M |
| Total current liabilities | $411.3M | $390.4M | $424.5M | $409.7M | $414.2M | $388.3M | $402.2M | $406.0M | $389.1M | $381.9M | $354.8M | $364.3M |
| Long-term debt | $1.28B | $1.28B | $1.29B | $1.29B | $1.27B | $1.27B | $1.27B | $1.28B | $1.27B | $1.28B | $1.28B | $1.28B |
| Lease obligations | $42.4M | $40.1M | $43.4M | $42.5M | $43.8M | $44.1M | $47.2M | $48.8M | $51.5M | $54.6M | $54.7M | $56.6M |
| Other long-term liabilities | $122.4M | $106.9M | $119.4M | $101.5M | $98.5M | $100.5M | $111.7M | $118.0M | $118.9M | $120.0M | $109.3M | $116.4M |
| Total liabilities | $1.82B | $1.78B | $1.83B | $1.80B | $1.78B | $1.76B | $1.79B | $1.80B | $1.78B | $1.78B | $1.74B | $1.76B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $2.2M | $2.2M | $2.1M | $2.1M | $2.1M | $2.0M | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M |
| Retained earnings (deficit) | −$1.08B | −$1.12B | −$1.16B | −$1.34B | −$1.35B | −$1.38B | −$1.38B | −$1.41B | −$1.37B | −$1.38B | −$1.37B | −$1.35B |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | $1.5M | $1.5M | $2.1M | $2.1M | $2.1M |
| Total shareholders' equity | $287.3M | $240.1M | $194.5M | $9.9M | −$11.3M | −$98.7M | −$122.1M | −$155.0M | −$117.5M | −$134.1M | −$127.4M | −$103.6M |
| Key figures | ||||||||||||
| Total debt | $1.51B | $1.50B | $1.51B | $1.35B | $1.49B | $1.32B | $1.33B | $1.33B | $1.33B | $1.34B | $1.34B | $1.34B |
| Net cash (debt) | −$1.41B | −$1.31B | −$1.32B | −$1.20B | −$1.39B | −$1.25B | −$1.25B | −$1.25B | −$1.29B | −$1.30B | −$1.30B | −$1.30B |
| Working capital | $66.8M | $184.9M | $135.8M | $92.9M | $35.7M | $19.3M | −$9.5M | −$24.7M | −$25.1M | −$45.9M | −$39.9M | −$46.1M |
| Tangible book value | −$1.09B | −$972.9M | −$1.02B | −$1.20B | −$1.22B | −$1.24B | −$1.27B | −$1.30B | −$1.26B | −$1.28B | −$1.28B | −$1.25B |
| Book value per share | $1.28 | $1.08 | $0.90 | $0.04 | −$0.05 | −$0.48 | −$0.60 | −$0.80 | −$0.60 | −$0.70 | −$0.67 | −$0.55 |
| Shares outstanding | 224.9M | 222.1M | 215.0M | 222.2M | 210.4M | 206.2M | 203.9M | 193.4M | 196.9M | 192.2M | 190.9M | 189.1M |
| Current ratio | 1.16 | 1.47 | 1.32 | 1.23 | 1.09 | 1.05 | 0.98 | 0.94 | 0.94 | 0.88 | 0.89 | 0.87 |
| Quick ratio | 1.07 | 1.34 | 1.19 | 1.13 | 1.02 | 0.97 | 0.90 | 0.88 | 0.85 | 0.81 | 0.82 | 0.81 |
| Debt / equity | 5.24 | 6.26 | 7.79 | 135.67 | — | — | — | — | — | — | — | — |
| Equity / assets | 13.6% | 11.9% | 9.6% | 0.5% | −0.6% | −5.9% | −7.3% | −9.4% | −7.1% | −8.2% | −7.9% | −6.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 19, 2026); data from EODHD.
AVAH financial position
At the end of fiscal 2025 (December 31, 2025), Aveanna Healthcare had total assets of $2.0 billion (up 21.8% from a year earlier), total liabilities of $1.8 billion and shareholders' equity of $194.5 million. It held $193.3 million in cash and short-term investments against $1.5 billion of debt, net debt of $1.3 billion. Its current ratio was 1.32. In the latest quarter (ended June 30, 2026) total assets were $2.1 billion and equity $287.3 million.
Related: AVAH income statement, AVAH cash flow statement, AVAH key metrics. See the AVAH stock overview for the latest quote and news.
AVAH balance sheet FAQ
What are Aveanna Healthcare's total assets?
Aveanna Healthcare reported total assets of $2.0 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.7 billion a year earlier.
How much debt does Aveanna Healthcare have?
Aveanna Healthcare had $1.5 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 7.79.
How much cash does Aveanna Healthcare have?
Aveanna Healthcare held $193.3 million in cash and short-term investments at the end of fiscal 2025; with $1.5 billion of debt that is net debt of $1.3 billion.
What is Aveanna Healthcare's book value?
Aveanna Healthcare's shareholders' equity (book value) was $194.5 million at the end of fiscal 2025, or $0.90 per share.
What is Aveanna Healthcare's current ratio?
Aveanna Healthcare had current assets of $560.2 million and current liabilities of $424.5 million, a current ratio of 1.32 (it can cover its short-term obligations).
How much goodwill does Aveanna Healthcare have?
Aveanna Healthcare carried $1.2 billion of goodwill and intangible assets, 59.9% of total assets, at the end of fiscal 2025.