Credit Acceptance Corporation (CACC) Balance Sheet
CACC balance sheet, 2025
December 31, 2025 · U.S. dollars$9.60B assets = $8.07B liabilities + $1.52B equity
Both columns are drawn to the same scale: what CACC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CACC financial health
Descriptive bands, not a rating. Fiscal 2025.
CACC balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $4.22B2016 | $9.60B2025 | +9.6%/yr | |
| Total liabilities | $3.04B2016 | $8.07B2025 | +11.4%/yr | |
| Shareholders’ equity | $1.17B2016 | $1.52B2025 | +2.9%/yr | |
| Cash & short-term investments | $14.6M2016 | $510.3M2025 | +48.4%/yr | |
| Total debt | $3.35B2016 | $6.35B2025 | +7.4%/yr | |
| Net cash (debt) | −$3.34B2016 | −$5.84B2025 | −$2.5B | |
| Working capital | $4.01B2016 | −$1.61B2025 | −$5.6B | |
| Book value per share | $57.512016 | $134.972025 | +9.9%/yr | |
| Current ratio | 24.922016 | 0.262025 | −24.65 | |
| Debt / equity | 2.862016 | 4.172025 | +1.31 | |
| Shares outstanding | 20.4M2016 | 11.3M2025 | −6.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CACC assets
CACC liabilities and equity
CACC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CACC balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $510.3M | $854.5M | $477.8M | $7.7M | $23.3M | $16.0M | $187.4M | $25.7M | $8.2M | $14.6M |
| Cash & equivalents | $500.7M | $845.0M | $470.9M | $7.7M | $23.3M | $16.0M | $187.4M | $25.7M | $8.2M | $14.6M |
| Short-term investments | $9.6M | $9.5M | $6.9M | $72.3M | $62.1M | $66.1M | $59.3M | $58.6M | $46.1M | $45.3M |
| Receivables | $67.2M | $4.2M | $4.3M | $6.31B | $6.45B | $6.93B | $6.75B | $5.77B | $4.62B | $3.89B |
| Inventory | $0 | $0 | $946.6M | $0 | $1.02B | $990.6M | $973.5M | $115.5M | $570.2M | $513.2M |
| Other current assets | $0 | $7.85B | $0 | $482.3M | $0 | $0 | $0 | $246.7M | $0 | $0 |
| Total current assets | $577.5M | $8.71B | $13.2M | $6.80B | $6.88B | $7.33B | $7.33B | $6.16B | $4.93B | $4.17B |
| Property, plant & equipment (net) | $12.6M | $14.7M | $46.5M | $51.4M | $57.3M | $59.4M | $59.7M | $40.2M | $20.5M | $18.2M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $6.30B | $6.34B | $6.79B | $6.69B | $5.76B | $4.62B | $3.89B |
| Other non-current assets | $9.01B | $1.02B | $8.33B | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $9.60B | $9.74B | $8.39B | $6.90B | $7.05B | $7.49B | $7.42B | $6.24B | $4.99B | $4.22B |
| Liabilities | ||||||||||
| Accounts payable | $400.2M | $315.8M | $318.8M | $260.8M | $175.0M | $186.7M | $206.4M | $186.4M | $151.7M | $143.9M |
| Short-term debt | $2.18B | $87.3M | $74.1M | $1.51B | $2.6M | $95.9M | $11.3M | $550.0M | $13.9M | $749.6M |
| Deferred revenue | — | — | $67.6M | $435.2M | $44.6M | $48.5M | — | −$171.9M | — | — |
| Total current liabilities | $2.18B | $433.0M | $399.8M | $263.3M | $175.2M | $186.9M | $206.6M | $188.9M | $191.6M | $167.5M |
| Long-term debt | $6.35B | $6.35B | $5.07B | $4.56B | $4.61B | $4.51B | $4.54B | $3.65B | $3.06B | $2.60B |
| Other long-term liabilities | $0 | $319.1M | $789.0M | $457.6M | $437.8M | $486.9M | $322.5M | $408.6M | $201.3M | $273.1M |
| Total liabilities | $8.07B | $7.99B | $6.64B | $5.28B | $5.23B | $5.19B | $5.07B | $4.25B | $3.45B | $3.04B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $200,000 | $200,000 | $200,000 | $200,000 | $200,000 |
| Retained earnings (deficit) | $1.12B | $1.41B | $1.48B | $1.38B | $1.63B | $2.14B | $2.20B | $1.84B | $1.39B | $1.04B |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | $1.0M | −$300,000 | −$1.0M | −$2.9M | $200,000 | $1.6M | $800,000 | −$300,000 | −$200,000 | −$200,000 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $1.52B | $1.75B | $1.75B | $1.62B | $1.82B | $2.30B | $2.36B | $1.99B | $1.54B | $1.17B |
| Key figures | ||||||||||
| Total debt | $6.35B | $6.35B | $5.07B | $6.07B | $4.62B | $4.70B | $4.55B | $3.82B | $3.07B | $3.35B |
| Net cash (debt) | −$5.84B | −$5.50B | −$4.59B | −$6.06B | −$4.60B | −$4.69B | −$4.36B | −$3.80B | −$3.06B | −$3.34B |
| Working capital | −$1.61B | $8.28B | −$386.6M | $6.53B | $6.71B | $7.15B | $7.12B | $5.97B | $4.74B | $4.01B |
| Tangible book value | $1.52B | $1.75B | $1.75B | $1.62B | $1.82B | $2.30B | $2.36B | $1.99B | $1.54B | $1.17B |
| Book value per share | $134.97 | $140.32 | $134.79 | $119.19 | $113.30 | $128.37 | $124.12 | $101.93 | $78.52 | $57.51 |
| Shares outstanding | 11.3M | 12.5M | 13.0M | 13.6M | 16.1M | 17.9M | 19.0M | 19.5M | 19.6M | 20.4M |
| Current ratio | 0.26 | 20.11 | 0.03 | 25.81 | 39.28 | 39.23 | 35.47 | 32.61 | 25.74 | 24.92 |
| Quick ratio | 0.26 | 1.98 | 1.21 | 23.98 | 36.92 | 37.19 | 33.59 | 30.69 | 24.16 | 23.30 |
| Debt / equity | 4.17 | 3.63 | 2.89 | 3.74 | 2.53 | 2.04 | 1.93 | 1.92 | 2.00 | 2.86 |
| Equity / assets | 15.9% | 18.0% | 20.9% | 23.5% | 25.9% | 30.7% | 31.7% | 31.9% | 30.8% | 27.8% |
| 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 | $1.4M | $25.7M | $510.3M | $15.9M | $572.3M | $1.13B | $854.5M | $159.7M | $526.9M | $572.3M | $477.8M | $445.9M |
| Cash & equivalents | $1.4M | $25.7M | $500.7M | $15.9M | $563.8M | $1.12B | $845.0M | $159.7M | $517.6M | $567.6M | $470.9M | $438.2M |
| Short-term investments | $116.6M | $109.4M | $9.6M | $108.9M | $8.5M | $12.7M | $9.5M | $8.7M | $9.3M | $4.7M | $6.9M | $7.7M |
| Receivables | $7.96B | $7.99B | $67.2M | $7.99B | $9.4M | $6.4M | $4.2M | $26.4M | $39.9M | $11.1M | $4.3M | $14.2M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $946.6M | $902.9M |
| Other current assets | $490.7M | $532.5M | $0 | $491.4M | $8.09B | $8.07B | $7.85B | $8.35B | $7.55B | $7.35B | $6.01B | $5.88B |
| Total current assets | $8.45B | $8.54B | $577.5M | $8.49B | $8.67B | $9.21B | $8.71B | $8.53B | $8.11B | $7.93B | $7.44B | $7.24B |
| Property, plant & equipment (net) | $14.1M | $13.2M | $12.6M | $12.9M | $13.2M | $13.7M | $14.7M | $15.2M | $16.1M | $44.6M | $46.5M | $47.1M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $157.2M | $137.4M | $9.01B | $135.2M | $38.6M | $36.5M | $1.02B | $135.1M | $124.8M | $123.4M | $910.0M | $109.4M |
| Total assets | $8.62B | $8.69B | $9.60B | $8.64B | $8.72B | $9.26B | $9.74B | $8.68B | $8.26B | $8.10B | $8.39B | $7.40B |
| Liabilities | ||||||||||||
| Accounts payable | $394.0M | $415.3M | $400.2M | $382.9M | $378.8M | $377.0M | $315.8M | $364.4M | $344.2M | $342.7M | $318.8M | $284.1M |
| Short-term debt | — | — | $2.18B | $103.8M | $63.8M | $89.5M | $87.3M | $71.9M | $97.9M | $129.8M | $74.1M | $337.9M |
| Deferred revenue | — | — | — | — | — | — | — | −$71.9M | — | $76.9M | $67.6M | $67.9M |
| Total current liabilities | $398.3M | $415.3M | $2.18B | $394.8M | $456.4M | $610.5M | $520.3M | $364.6M | $344.4M | $542.0M | $473.9M | $631.5M |
| Long-term debt | $6.29B | $6.41B | $6.35B | $6.37B | $6.47B | $6.71B | $6.35B | $6.25B | $5.95B | $5.61B | $5.07B | $4.94B |
| Other long-term liabilities | $349.2M | $356.6M | $0 | $298.2M | $306.1M | $320.9M | $319.1M | $423.2M | $409.5M | $421.1M | $789.0M | $461.8M |
| Total liabilities | $7.03B | $7.18B | $8.07B | $7.06B | $7.17B | $7.55B | $7.99B | $7.04B | $6.70B | $6.44B | $6.64B | $5.70B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 |
| Retained earnings (deficit) | $1.08B | $1.08B | $1.12B | $1.19B | $1.18B | $1.36B | $1.41B | $1.32B | $1.24B | $1.35B | $1.48B | $1.43B |
| Accumulated other comprehensive income | −$200,000 | $300,000 | $1.0M | $1.1M | $1.0M | $600,000 | −$300,000 | $900,000 | −$1.2M | −$1.2M | −$1.0M | −$2.9M |
| Total shareholders' equity | $1.59B | $1.51B | $1.52B | $1.58B | $1.55B | $1.71B | $1.75B | $1.65B | $1.55B | $1.65B | $1.75B | $1.70B |
| Key figures | ||||||||||||
| Total debt | $6.29B | $6.41B | $6.35B | $6.37B | $6.47B | $6.71B | $6.35B | $6.25B | $5.95B | $5.61B | $5.07B | $4.94B |
| Net cash (debt) | −$6.28B | −$6.38B | −$5.84B | −$6.35B | −$5.90B | −$5.57B | −$5.50B | −$6.09B | −$5.42B | −$5.04B | −$4.59B | −$4.49B |
| Working capital | $8.05B | $8.13B | −$1.61B | $8.10B | $8.22B | $8.60B | $8.19B | $8.17B | $7.77B | $7.39B | $6.96B | $6.61B |
| Tangible book value | $1.59B | $1.51B | $1.52B | $1.58B | $1.55B | $1.71B | $1.75B | $1.65B | $1.55B | $1.65B | $1.75B | $1.70B |
| Book value per share | $148.02 | $138.22 | $137.22 | $137.60 | $132.07 | $139.34 | $141.23 | $132.62 | $126.60 | $130.64 | $136.61 | $130.44 |
| Shares outstanding | 10.7M | 11.0M | 11.1M | 11.5M | 11.8M | 12.3M | 12.4M | 12.4M | 12.3M | 12.6M | 12.8M | 13.0M |
| Current ratio | 21.22 | 20.57 | 0.26 | 21.51 | 19.00 | 15.08 | 16.74 | 23.40 | 23.56 | 14.63 | 15.69 | 11.47 |
| Quick ratio | 19.99 | 19.29 | 0.26 | 20.27 | 1.27 | 1.87 | 1.65 | 0.51 | 1.65 | 1.08 | 1.02 | 0.73 |
| Debt / equity | 3.96 | 4.23 | 4.17 | 4.03 | 4.16 | 3.92 | 3.63 | 3.80 | 3.82 | 3.40 | 2.89 | 2.90 |
| Equity / assets | 18.4% | 17.4% | 15.9% | 18.3% | 17.8% | 18.5% | 18.0% | 19.0% | 18.8% | 20.4% | 20.9% | 23.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 13, 2026); data from EODHD.
CACC financial position
At the end of fiscal 2025 (December 31, 2025), Credit Acceptance had total assets of $9.6 billion (down 1.5% from a year earlier), total liabilities of $8.1 billion and shareholders' equity of $1.5 billion. It held $510.3 million in cash and short-term investments against $6.4 billion of debt, net debt of $5.8 billion. Its current ratio was 0.26. In the latest quarter (ended June 30, 2026) total assets were $8.6 billion and equity $1.6 billion.
Related: CACC income statement, CACC cash flow statement, CACC key metrics. See the CACC stock overview for the latest quote and news.
CACC balance sheet FAQ
What are Credit Acceptance's total assets?
Credit Acceptance reported total assets of $9.6 billion at the end of fiscal 2025 (December 31, 2025), compared with $9.7 billion a year earlier.
How much debt does Credit Acceptance have?
Credit Acceptance had $6.4 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 4.17.
How much cash does Credit Acceptance have?
Credit Acceptance held $510.3 million in cash and short-term investments at the end of fiscal 2025; with $6.4 billion of debt that is net debt of $5.8 billion.
What is Credit Acceptance's book value?
Credit Acceptance's shareholders' equity (book value) was $1.5 billion at the end of fiscal 2025, or $134.97 per share.
What is Credit Acceptance's current ratio?
Credit Acceptance had current assets of $577.5 million and current liabilities of $2.2 billion, a current ratio of 0.26 (current liabilities exceed current assets).