Clear Channel Outdoor Holdings, Inc (CCO) Balance Sheet
CCO balance sheet, 2025
December 31, 2025 · U.S. dollars$3.83B assets = $7.22B liabilities + −$3.39B equity
Liabilities exceed assets: shareholders’ equity is negative (−$3.39B).
Both columns are drawn to the same scale: what CCO owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CCO financial health
Descriptive bands, not a rating. Fiscal 2025.
CCO balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $5.72B2016 | $3.83B2025 | −4.4%/yr | |
| Total liabilities | $6.65B2016 | $7.22B2025 | +0.9%/yr | |
| Shareholders’ equity | −$932.8M2016 | −$3.39B2025 | — | |
| Cash & short-term investments | $542.0M2016 | $190.0M2025 | −11.0%/yr | |
| Total debt | $5.12B2016 | $6.47B2025 | +2.6%/yr | |
| Net cash (debt) | −$4.57B2016 | −$6.28B2025 | −$1.7B | |
| Working capital | $699.7M2016 | $175.1M2025 | −$524.6M | |
| Book value per share | −$2.582016 | −$6.812025 | — | |
| Current ratio | 2.092016 | 1.282025 | −0.81 | |
| Shares outstanding | 361.6M2016 | 498.4M2025 | +3.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CCO assets
CCO liabilities and equity
CCO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CCO balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $190.0M | $109.7M | $251.7M | $282.2M | $410.8M | $785.3M | $398.9M | $182.5M | $144.1M | $542.0M |
| Cash & equivalents | $190.0M | $109.7M | $251.7M | $282.2M | $410.8M | $785.3M | $398.9M | $182.5M | $144.1M | $542.0M |
| Short-term investments | — | — | — | — | — | $634,000 | $877,000 | $1.0M | $1.7M | $1.4M |
| Receivables | $371.4M | $344.1M | $499.8M | $453.7M | $643.1M | $468.3M | $713.1M | $711.4M | $664.4M | $602.4M |
| Inventory | $0 | $0 | $0 | $186.9M | $54.2M | $16.6M | $21.1M | $18.1M | $21.9M | $21.2M |
| Other current assets | $231.8M | $1.21B | $205.9M | $198.1M | $26.5M | $64.5M | $68.8M | $103.9M | $143.7M | $175.8M |
| Total current assets | $793.2M | $1.66B | $957.4M | $1.12B | $1.13B | $1.33B | $1.20B | $1.02B | $974.2M | $1.34B |
| Property, plant & equipment (net) | $1.46B | $1.80B | $2.16B | $2.08B | $2.39B | $2.52B | $3.10B | $1.29B | $1.40B | $1.41B |
| Goodwill & intangible assets | $713.8M | $1.34B | $1.56B | $1.62B | $1.69B | $1.83B | $2.00B | $1.93B | $1.97B | $1.96B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $8.5M | $9.0M | $154.8M | $212.0M | $885.7M |
| Other non-current assets | $865.0M | $10.1M | $46.0M | $264.1M | $82.3M | $61.6M | $89.1M | $132.5M | $124.5M | $122.0M |
| Total assets | $3.83B | $4.80B | $4.72B | $5.09B | $5.30B | $5.76B | $6.39B | $4.52B | $4.67B | $5.72B |
| Liabilities | ||||||||||
| Accounts payable | $32.1M | $38.8M | $63.6M | $73.4M | $108.6M | $101.2M | $94.6M | $113.7M | $88.0M | $86.9M |
| Short-term debt | $142.5M | $133.2M | $217.2M | $233.2M | $337.9M | $365.2M | $408.2M | $227,000 | $573,000 | $7.0M |
| Deferred revenue | $75.4M | $70.2M | $50.9M | $47.9M | $76.7M | $64.3M | $84.0M | $85.1M | $59.2M | $67.0M |
| Total current liabilities | $618.1M | $1.27B | $883.7M | $1.12B | $1.11B | $1.09B | $1.18B | $729.8M | $657.5M | $641.7M |
| Long-term debt | $5.10B | $5.66B | $5.63B | $5.57B | $5.58B | $5.55B | $5.06B | $5.28B | $5.27B | $5.11B |
| Lease obligations | $1.37B | $1.36B | $1.54B | $1.53B | $1.63B | $1.69B | $1.95B | — | — | — |
| Other long-term liabilities | $1.50B | $1.51B | $1.66B | $1.66B | $1.80B | $1.90B | $2.20B | $616.8M | $605.4M | $906.9M |
| Total liabilities | $7.22B | $8.44B | $8.17B | $8.35B | $8.49B | $8.54B | $8.45B | $6.62B | $6.53B | $6.65B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $5.1M | $5.0M | $4.9M | $4.8M | $4.7M | $4.7M | $4.7M | $3.7M | $3.11B | $3.44B |
| Retained earnings (deficit) | −$6.94B | −$6.96B | −$6.78B | −$6.47B | −$6.37B | −$5.94B | −$5.35B | −$5.00B | −$4.78B | −$4.13B |
| Treasury stock | — | — | — | — | −$7.8M | −$3.1M | −$2.6M | −$6.6M | −$5.8M | −$4.1M |
| Accumulated other comprehensive income | −$53.4M | −$257.8M | −$227.3M | −$335.2M | −$350.9M | −$358.5M | −$349.6M | −$344.5M | −$340.1M | −$386.7M |
| Minority interest | $11.6M | $11.7M | $12.3M | $12.9M | $11.1M | $10.9M | $152.8M | $160.4M | $157.0M | $149.9M |
| Total shareholders' equity | −$3.39B | −$3.65B | −$3.46B | −$3.28B | −$3.21B | −$2.79B | −$2.21B | −$2.26B | −$2.02B | −$932.8M |
| Key figures | ||||||||||
| Total debt | $6.47B | $7.02B | $7.17B | $7.01B | $7.23B | $7.26B | $7.03B | $5.28B | $5.27B | $5.12B |
| Net cash (debt) | −$6.28B | −$6.91B | −$6.92B | −$6.73B | −$6.82B | −$6.47B | −$6.63B | −$5.09B | −$5.12B | −$4.57B |
| Working capital | $175.1M | $387.1M | $73.7M | −$624,000 | $21.6M | $244.6M | $21.4M | $286.0M | $316.7M | $699.7M |
| Tangible book value | −$4.11B | −$4.99B | −$5.02B | −$4.90B | −$4.89B | −$4.62B | −$4.20B | −$4.19B | −$3.98B | −$2.89B |
| Book value per share | −$6.81 | −$7.47 | −$7.19 | −$6.91 | −$6.84 | −$6.01 | −$5.34 | −$6.25 | −$5.58 | −$2.58 |
| Shares outstanding | 498.4M | 488.9M | 481.7M | 474.4M | 468.5M | 464.5M | 413.1M | 361.7M | 361.1M | 361.6M |
| Current ratio | 1.28 | 1.30 | 1.08 | 1.00 | 1.02 | 1.22 | 1.02 | 1.39 | 1.48 | 2.09 |
| Quick ratio | 0.91 | 0.36 | 0.85 | 0.66 | 0.95 | 1.15 | 0.94 | 1.22 | 1.23 | 1.78 |
| Equity / assets | −88.7% | −76.0% | −73.3% | −64.4% | −60.5% | −48.5% | −34.5% | −50.0% | −43.1% | −16.3% |
| 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 | $193.8M | $182.4M | $190.0M | $155.0M | $138.6M | $395.8M | $109.7M | $201.1M | $189.3M | $193.2M | $171.8M | $313.4M |
| Cash & equivalents | $193.8M | $182.4M | $190.0M | $155.0M | $138.6M | $395.8M | $109.7M | $201.1M | $189.3M | $193.2M | $171.8M | $313.4M |
| Receivables | $368.0M | $345.7M | $371.4M | $340.3M | $330.5M | $294.0M | $344.1M | $495.8M | $457.8M | $426.0M | $314.9M | $441.5M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $92.1M |
| Other current assets | $210.7M | $205.6M | $231.8M | $204.3M | $195.7M | $172.7M | $1.21B | $209.2M | $206.6M | $199.5M | $470.8M | $23.2M |
| Total current assets | $772.5M | $733.8M | $793.2M | $699.6M | $664.8M | $862.5M | $1.66B | $906.2M | $853.7M | $818.7M | $957.4M | $870.2M |
| Property, plant & equipment (net) | $1.75B | $1.44B | $1.46B | $1.76B | $1.78B | $1.79B | $1.80B | $2.18B | $2.12B | $2.15B | $1.57B | $2.08B |
| Goodwill & intangible assets | $1.22B | $710.6M | $713.8M | $1.28B | $1.30B | $1.32B | $1.34B | $1.52B | $1.53B | $1.55B | $1.40B | $1.57B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $19.9M | $838.0M | $865.0M | $19.6M | $20.6M | $18.2M | $10.1M | $45.5M | $43.6M | $44.7M | $791.0M | $121.2M |
| Total assets | $3.76B | $3.72B | $3.83B | $3.76B | $3.77B | $3.99B | $4.80B | $4.64B | $4.54B | $4.56B | $4.72B | $4.65B |
| Liabilities | ||||||||||||
| Accounts payable | $37.2M | $35.1M | $32.1M | $30.8M | $40.3M | $41.1M | $38.8M | $57.1M | $65.0M | $63.3M | $44.6M | $55.3M |
| Short-term debt | $134.7M | $132.1M | $142.5M | $133.5M | $131.8M | $131.7M | $133.2M | $226.1M | $216.6M | $211.9M | $115.9M | $203.8M |
| Deferred revenue | $102.7M | $96.7M | $75.4M | $78.4M | $82.1M | $80.2M | $70.2M | $102.8M | $79.3M | $68.5M | $40.8M | $72.8M |
| Total current liabilities | $615.9M | $586.1M | $618.1M | $615.6M | $578.0M | $605.2M | $1.27B | $904.4M | $833.0M | $796.0M | $883.7M | $1.03B |
| Long-term debt | $5.11B | $5.10B | $5.10B | $5.10B | $5.07B | $5.29B | $5.66B | $5.66B | $5.65B | $5.65B | $5.63B | $5.63B |
| Lease obligations | $1.36B | $1.34B | $1.37B | $1.36B | $1.36B | $1.36B | $1.36B | $1.59B | $1.54B | $1.54B | $1.54B | $1.49B |
| Other long-term liabilities | $1.50B | $1.47B | $1.50B | $1.50B | $1.52B | $1.51B | $1.51B | $1.68B | $1.65B | $1.66B | $1.66B | $1.65B |
| Total liabilities | $7.22B | $7.16B | $7.22B | $7.22B | $7.17B | $7.41B | $8.44B | $8.24B | $8.13B | $8.11B | $8.17B | $8.31B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $5.3M | $5.1M | $5.1M | $5.1M | $5.1M | $5.1M | $5.0M | $5.0M | $5.0M | $4.9M | $4.9M | $4.9M |
| Retained earnings (deficit) | −$6.99B | −$6.99B | −$6.94B | −$6.95B | −$6.89B | −$6.90B | −$6.96B | −$6.94B | −$6.91B | −$6.87B | −$6.78B | −$6.81B |
| Accumulated other comprehensive income | −$56.2M | −$55.0M | −$53.4M | −$98.2M | −$97.7M | −$106.3M | −$257.8M | −$226.5M | −$243.8M | −$239.1M | −$227.3M | −$408.2M |
| Minority interest | $6.4M | $12.0M | $11.6M | $9.9M | $8.7M | — | — | — | — | — | — | — |
| Total shareholders' equity | −$3.46B | −$3.44B | −$3.39B | −$3.47B | −$3.41B | −$3.43B | −$3.65B | −$3.61B | −$3.60B | −$3.56B | −$3.46B | −$3.67B |
| Key figures | ||||||||||||
| Total debt | $6.47B | $6.44B | $6.47B | $6.46B | $6.43B | $6.65B | $7.02B | $7.25B | $7.20B | $7.19B | $6.75B | $7.12B |
| Net cash (debt) | −$6.28B | −$6.26B | −$6.28B | −$6.31B | −$6.29B | −$6.26B | −$6.91B | −$7.05B | −$7.01B | −$7.00B | −$6.58B | −$6.80B |
| Working capital | $156.6M | $147.7M | $175.1M | $84.0M | $86.8M | $257.3M | $387.1M | $1.8M | $20.7M | $22.7M | $73.7M | −$163.0M |
| Tangible book value | −$4.69B | −$4.15B | −$4.11B | −$4.75B | −$4.71B | −$4.75B | −$4.99B | −$5.12B | −$5.13B | −$5.11B | −$4.87B | −$5.25B |
| Book value per share | −$6.80 | −$6.90 | −$6.81 | −$6.95 | −$6.84 | −$7.00 | −$7.47 | −$7.38 | −$7.37 | −$7.36 | −$7.08 | −$7.61 |
| Shares outstanding | 509.0M | 498.4M | 498.4M | 498.4M | 498.4M | 490.3M | 489.1M | 488.9M | 488.7M | 483.7M | 489.1M | 482.9M |
| Current ratio | 1.25 | 1.25 | 1.28 | 1.14 | 1.15 | 1.43 | 1.30 | 1.00 | 1.02 | 1.03 | 1.08 | 0.84 |
| Quick ratio | 0.91 | 0.90 | 0.91 | 0.80 | 0.81 | 1.14 | 0.36 | 0.77 | 0.78 | 0.78 | 0.55 | 0.73 |
| Equity / assets | −92.0% | −92.3% | −88.7% | −92.1% | −90.6% | −86.0% | −76.0% | −77.7% | −79.2% | −78.1% | −73.3% | −79.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
CCO financial position
At the end of fiscal 2025 (December 31, 2025), Clear Channel Outdoor had total assets of $3.8 billion (down 20.3% from a year earlier), total liabilities of $7.2 billion and shareholders' equity of -$3.4 billion. It held $190.0 million in cash and short-term investments against $6.5 billion of debt, net debt of $6.3 billion. Its current ratio was 1.28. In the latest quarter (ended June 30, 2026) total assets were $3.8 billion and equity -$3.5 billion.
Related: CCO income statement, CCO cash flow statement, CCO key metrics. See the CCO stock overview for the latest quote and news.
CCO balance sheet FAQ
What are Clear Channel Outdoor's total assets?
Clear Channel Outdoor reported total assets of $3.8 billion at the end of fiscal 2025 (December 31, 2025), compared with $4.8 billion a year earlier.
How much debt does Clear Channel Outdoor have?
Clear Channel Outdoor had $6.5 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Clear Channel Outdoor have?
Clear Channel Outdoor held $190.0 million in cash and short-term investments at the end of fiscal 2025; with $6.5 billion of debt that is net debt of $6.3 billion.
What is Clear Channel Outdoor's book value?
Clear Channel Outdoor's shareholders' equity (book value) was -$3.4 billion at the end of fiscal 2025, or −$6.81 per share.
What is Clear Channel Outdoor's current ratio?
Clear Channel Outdoor had current assets of $793.2 million and current liabilities of $618.1 million, a current ratio of 1.28 (it can cover its short-term obligations).
How much goodwill does Clear Channel Outdoor have?
Clear Channel Outdoor carried $713.8 million of goodwill and intangible assets, 18.6% of total assets, at the end of fiscal 2025.