Angel Oak Financial Strategies Income Term Trust (FINS) Balance Sheet
FINS balance sheet, FY2026
January 31, 2026 · U.S. dollars$592.6M assets = $127.4M liabilities + $465.2M equity
Both columns are drawn to the same scale: what FINS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
FINS financial health
Descriptive bands, not a rating. Fiscal FY2026.
FINS balance sheet trends, FY2020–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $318.4MFY2020 | $592.6MFY2026 | +10.9%/yr | |
| Total liabilities | $81.9MFY2020 | $127.4MFY2026 | +7.6%/yr | |
| Shareholders’ equity | $236.5MFY2020 | $465.2MFY2026 | +11.9%/yr | |
| Cash & short-term investments | $100,000FY2020 | $2,510FY2023 | −70.7%/yr | |
| Total debt | $81.5MFY2020 | $125.4MFY2026 | +7.4%/yr | |
| Net cash (debt) | −$81.4MFY2020 | −$125.4MFY2026 | −$44.0M | |
| Working capital | $3.1MFY2020 | −$1.8MFY2026 | −$4.9M | |
| Book value per share | $20.66FY2020 | $16.56FY2026 | −3.6%/yr | |
| Current ratio | 20.56FY2020 | 0.01FY2026 | −20.56 | |
| Debt / equity | 0.34FY2020 | 0.27FY2026 | −0.08 | |
| Shares outstanding | 11.4MFY2020 | 28.1MFY2026 | +16.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FINS assets
FINS liabilities and equity
FINS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
FINS balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | — | — | — | $2,510 | −$93.5M | $100,000 | $100,000 |
| Cash & equivalents | — | — | — | $2,510 | $2,510 | $100,000 | $100,000 |
| Short-term investments | — | — | — | −$162.9M | −$93.5M | −$219.7M | — |
| Receivables | $0 | $9.5M | $5.7M | $5.5M | $9.5M | $8.5M | $3.2M |
| Inventory | $0 | $0 | $0 | $0 | $93.5M | $0 | −$9,134 |
| Other current assets | $14,451 | $26,361 | $14,472 | $16,892 | $16,062 | $86,208 | $9,134 |
| Total current assets | $14,451 | $9.5M | $5.7M | $5.5M | $9.5M | $8.7M | $3.3M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $584.1M | $476.5M | $481.5M | $518.5M | $487.9M | $393.0M | $315.1M |
| Other non-current assets | $8.4M | $0 | $0 | $0 | $0 | $0 | $9,134 |
| Total assets | $592.6M | $486.1M | $487.2M | $524.1M | $497.4M | $401.7M | $318.4M |
| Liabilities | |||||||
| Accounts payable | $1.0M | $5,382 | $10,124 | $379,992 | $203,912 | $185,803 | $158,280 |
| Short-term debt | — | $47.0M | $54.9M | $69.0M | $54.4M | $86.4M | $55.6M |
| Deferred revenue | — | — | −$54.6M | −$69.0M | −$54.4M | −$86.2M | −$55.5M |
| Total current liabilities | $1.9M | $5,382 | $56.7M | $70.1M | $55.4M | $185,803 | $158,280 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $125.5M | $84.6M | $84.4M | $84.2M | $84.2M | $30.0M | $81.5M |
| Total liabilities | $127.4M | $132.5M | $140.3M | $154.4M | $139.6M | $117.1M | $81.9M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $488.1M | $399.9M | $414.7M | $427.2M | $359.8M | $290.7M | $228.8M |
| Retained earnings (deficit) | −$22.9M | −$46.3M | −$67.7M | −$57.4M | −$2.0M | −$6.1M | $7.7M |
| Accumulated other comprehensive income | — | — | $0 | $0 | $0 | $0 | $0 |
| Total shareholders' equity | $465.2M | $353.6M | $347.0M | $369.7M | $357.9M | $284.6M | $236.5M |
| Key figures | |||||||
| Total debt | $125.4M | $131.6M | $139.3M | $153.3M | $138.6M | $116.4M | $81.5M |
| Net cash (debt) | −$125.4M | −$131.6M | −$139.3M | −$153.3M | −$232.1M | −$116.3M | −$81.4M |
| Working capital | −$1.8M | $9.5M | −$51.0M | −$64.6M | −$45.8M | $8.5M | $3.1M |
| Tangible book value | $465.2M | $353.6M | $347.0M | $369.7M | $357.9M | $284.6M | $236.5M |
| Book value per share | $16.56 | $13.99 | $13.73 | $15.96 | $23.56 | $18.69 | $20.66 |
| Shares outstanding | 28.1M | 25.3M | 25.3M | 23.2M | 15.2M | 15.2M | 11.4M |
| Current ratio | 0.01 | 1,772.98 | 0.10 | 0.08 | 0.17 | 46.78 | 20.56 |
| Quick ratio | 0.00 | 1,768.09 | 0.10 | 0.08 | −1.52 | 46.31 | 20.56 |
| Debt / equity | 0.27 | 0.37 | 0.40 | 0.41 | 0.39 | 0.41 | 0.34 |
| Equity / assets | 78.5% | 72.7% | 71.2% | 70.5% | 71.9% | 70.8% | 74.3% |
| Jul '26 | Jan '26 | Jul '25 | Jan '25 | Jul '24 | Jan '24 | Oct '23 | Jul '23 | Apr '23 | Jan '23 | Oct '22 | Jul '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $653 | — | — | — | — | — | — | — | — | $2,510 | $2,510 | −$217.2M |
| Cash & equivalents | $653 | — | — | — | — | — | — | — | — | $2,510 | $2,510 | — |
| Short-term investments | — | — | — | — | — | — | — | — | — | −$162.9M | — | −$217.2M |
| Receivables | $10.1M | $0 | $6.9M | $9.5M | $5.4M | $5.7M | $5.7M | $6.1M | $6.1M | $5.5M | $5.5M | $6.9M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $217.2M |
| Other current assets | $42,717 | $14,451 | $113,427 | $26,361 | $74,787 | $14,472 | $14,472 | $0 | $106,256 | $16,892 | $16,892 | $31,840 |
| Total current assets | $10.2M | $14,451 | $7.0M | $9.5M | $5.5M | $5.7M | $5.7M | $6.1M | $6.2M | $5.5M | $5.5M | $6.9M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $584.1M | $0 | $476.5M | $482.5M | $481.5M | $0 | $479.6M | $0 | $518.5M | $0 | $581.8M |
| Other non-current assets | $654.1M | $8.4M | $575.7M | $0 | $0 | $0 | $481.5M | $106,256 | $479.6M | $0 | $518.5M | $0 |
| Total assets | $664.3M | $592.6M | $582.6M | $486.1M | $488.0M | $487.2M | $487.2M | $485.8M | $485.8M | $524.1M | $524.1M | $588.7M |
| Liabilities | ||||||||||||
| Accounts payable | — | $1.0M | — | $5,382 | $4,879 | $10,124 | — | $279,584 | — | $379,992 | — | $303,203 |
| Short-term debt | $78.8M | — | $35.4M | $47.0M | — | $54.9M | $54.9M | $54.1M | $54.1M | $69.0M | $69.0M | $94.2M |
| Deferred revenue | — | — | — | — | — | −$54.6M | — | −$53.8M | — | −$69.0M | — | −$94.2M |
| Total current liabilities | $80.9M | $1.9M | $36.0M | $5,382 | $4,879 | $56.7M | $55.8M | $279,584 | $55.0M | $70.1M | $70.1M | $95.2M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $133.6M | $125.5M | $84.7M | $84.6M | $142.1M | $84.4M | $84.4M | $138.4M | $84.4M | $84.2M | $84.3M | $84.1M |
| Total liabilities | $214.5M | $127.4M | $120.7M | $132.5M | $142.1M | $140.3M | $140.3M | $139.3M | $139.3M | $154.4M | $154.4M | $179.4M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $488.1M | $488.1M | $505.9M | $399.9M | $414.7M | $414.7M | $414.7M | $427.2M | $427.2M | $427.2M | $427.2M | $438.5M |
| Retained earnings (deficit) | −$38.3M | −$22.9M | −$43.9M | −$46.3M | −$68.8M | −$67.7M | −$67.7M | −$80.7M | −$80.7M | −$57.4M | −$57.4M | −$29.2M |
| Accumulated other comprehensive income | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total shareholders' equity | $449.8M | $465.2M | $461.9M | $353.6M | $345.9M | $347.0M | $347.0M | $346.5M | $346.5M | $369.7M | $369.7M | $409.3M |
| Key figures | ||||||||||||
| Total debt | $212.3M | $125.4M | $120.1M | $131.6M | $141.2M | $139.3M | $139.3M | $138.4M | $138.4M | $153.3M | $153.3M | $178.3M |
| Net cash (debt) | −$212.3M | −$125.4M | −$120.1M | −$131.6M | −$141.2M | −$139.3M | −$139.3M | −$138.4M | −$138.4M | −$153.3M | −$153.3M | −$395.5M |
| Working capital | −$70.7M | −$1.8M | −$29.1M | $9.5M | $5.5M | −$51.0M | −$50.1M | $5.9M | −$48.7M | −$64.6M | −$64.6M | −$88.3M |
| Tangible book value | $449.8M | $465.2M | $461.9M | $353.6M | $345.9M | $347.0M | $347.0M | $346.5M | $346.5M | $369.7M | $369.7M | $409.3M |
| Book value per share | $13.46 | $13.92 | $13.82 | $14.11 | $13.80 | $13.84 | $13.84 | $13.82 | $13.82 | $14.75 | $14.75 | $16.33 |
| Shares outstanding | 33.4M | 33.4M | 33.4M | 25.1M | 25.1M | 25.1M | 25.1M | 25.1M | 25.1M | 25.1M | 25.1M | 25.1M |
| Current ratio | 0.13 | 0.01 | 0.19 | 1,772.98 | 1,124.77 | 0.10 | 0.10 | 21.95 | 0.11 | 0.08 | 0.08 | 0.07 |
| Quick ratio | 0.13 | 0.00 | 0.19 | 1,768.09 | 1,109.44 | 0.10 | 0.10 | 21.95 | 0.11 | 0.08 | 0.08 | −2.21 |
| Debt / equity | 0.47 | 0.27 | 0.26 | 0.37 | 0.41 | 0.40 | 0.40 | 0.40 | 0.40 | 0.41 | 0.41 | 0.44 |
| Equity / assets | 67.7% | 78.5% | 79.3% | 72.7% | 70.9% | 71.2% | 71.2% | 71.3% | 71.3% | 70.5% | 70.5% | 69.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed January 31, 2026); data from EODHD.
FINS financial position
At the end of fiscal 2026 (January 31, 2026), Angel Oak Financial Strategies Income Term had total assets of $592.6 million (up 21.9% from a year earlier), total liabilities of $127.4 million and shareholders' equity of $465.2 million. It held $0 in cash and short-term investments against $125.4 million of debt, net debt of $125.4 million. Its current ratio was 0.01. In the latest quarter (ended July 31, 2026) total assets were $664.3 million and equity $449.8 million.
Related: FINS income statement, FINS cash flow statement, FINS key metrics. See the FINS stock overview for the latest quote and news.
FINS balance sheet FAQ
What are Angel Oak Financial Strategies Income Term's total assets?
Angel Oak Financial Strategies Income Term reported total assets of $592.6 million at the end of fiscal 2026 (January 31, 2026), compared with $486.1 million a year earlier.
How much debt does Angel Oak Financial Strategies Income Term have?
Angel Oak Financial Strategies Income Term had $125.4 million of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was 0.27.
What is Angel Oak Financial Strategies Income Term's book value?
Angel Oak Financial Strategies Income Term's shareholders' equity (book value) was $465.2 million at the end of fiscal 2026, or $16.56 per share.
What is Angel Oak Financial Strategies Income Term's current ratio?
Angel Oak Financial Strategies Income Term had current assets of $0.0 million and current liabilities of $1.9 million, a current ratio of 0.01 (current liabilities exceed current assets).