Lithia Motors, Inc. (LAD) Balance Sheet
LAD balance sheet, 2025
December 31, 2025 · U.S. dollars$25.11B assets = $18.48B liabilities + $6.63B equity
Both columns are drawn to the same scale: what LAD owns equals what it owes plus shareholders’ equity. Hover a block for its value.
LAD financial health
Descriptive bands, not a rating. Fiscal 2025.
LAD balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $3.84B2016 | $25.11B2025 | +23.2%/yr | |
| Total liabilities | $2.93B2016 | $18.48B2025 | +22.7%/yr | |
| Shareholders’ equity | $910.8M2016 | $6.60B2025 | +24.6%/yr | |
| Cash & short-term investments | $50.3M2016 | $341.8M2025 | +23.7%/yr | |
| Total debt | $2.39B2016 | $14.69B2025 | +22.3%/yr | |
| Net cash (debt) | −$2.34B2016 | −$14.35B2025 | −$12.0B | |
| Working capital | $365.2M2016 | $1.16B2025 | +$796.1M | |
| Book value per share | $35.692016 | $259.972025 | +24.7%/yr | |
| Current ratio | 1.192016 | 1.172025 | −0.02 | |
| Debt / equity | 2.632016 | 2.222025 | −0.40 | |
| Shares outstanding | 25.5M2016 | 25.4M2025 | −0.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LAD assets
LAD liabilities and equity
LAD debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
LAD balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $341.8M | $402.2M | $941.4M | $246.7M | $174.8M | $162.5M | $84.0M | $31.6M | $57.3M | $50.3M |
| Cash & equivalents | $341.8M | $402.2M | $941.4M | $246.7M | $174.8M | $162.5M | $84.0M | $31.6M | $57.3M | $50.3M |
| Short-term investments | $2.4M | $2.2M | — | — | — | — | — | — | $0 | $0 |
| Receivables | $1.13B | $1.24B | $1.11B | $813.1M | $685.5M | $614.0M | $505.0M | $529.4M | $521.9M | $417.7M |
| Inventory | $6.12B | $5.91B | $4.75B | $3.41B | $2.39B | $2.49B | $2.43B | $2.37B | $2.13B | $1.77B |
| Other current assets | $262.5M | $221.3M | $136.8M | $161.7M | $63.9M | $70.5M | $47.8M | $65.1M | $70.9M | $46.6M |
| Total current assets | $7.86B | $7.77B | $6.94B | $4.63B | $3.31B | $3.34B | $3.07B | $2.99B | $2.78B | $2.29B |
| Property, plant & equipment (net) | $4.94B | $5.29B | $4.46B | $3.96B | $3.45B | $2.46B | $1.86B | $1.45B | $1.19B | $1.01B |
| Goodwill & intangible assets | $7.73B | $4.67B | $4.33B | $3.32B | $1.78B | $943.2M | $761.3M | $723.6M | $443.3M | $443.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $66.1M | $54.0M | $0 | $0 |
| Other non-current assets | $4.58B | $5.40B | $3.90B | $3.10B | $2.61B | $1.16B | $322.4M | $167.0M | $271.8M | $107.2M |
| Total assets | $25.11B | $23.13B | $19.63B | $15.01B | $11.15B | $7.90B | $6.08B | $5.38B | $4.68B | $3.84B |
| Liabilities | ||||||||||
| Accounts payable | $339.5M | $333.7M | $288.0M | $258.4M | $235.4M | $158.2M | $125.3M | $126.3M | $111.4M | $88.4M |
| Short-term debt | $5.01B | $5.10B | $3.75B | $2.14B | $1.41B | $1.86B | $2.11B | $2.08B | $1.94B | $1.62B |
| Deferred revenue | — | $414.2M | $264.1M | $44.6M | −$235.4M | −$158.2M | −$125.3M | $121.7M | $103.1M | $81.9M |
| Total current liabilities | $6.70B | $6.55B | $4.93B | $3.18B | $2.40B | $2.48B | $2.57B | $2.49B | $2.30B | $1.92B |
| Long-term debt | $9.68B | $8.17B | $7.16B | $5.51B | $3.19B | $2.06B | $1.43B | $1.36B | $1.03B | $769.9M |
| Lease obligations | $662.1M | $596.5M | $427.9M | $346.6M | $361.7M | $246.7M | $238.5M | — | — | — |
| Other long-term liabilities | $2.10B | $1.73B | $1.26B | $1.07B | $895.2M | $696.2M | $616.5M | $335.1M | $270.4M | $241.5M |
| Total liabilities | $18.48B | $16.45B | $13.35B | $9.76B | $6.48B | $5.24B | $4.62B | $4.19B | $3.60B | $2.93B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $6.63B | $793.1M | $1.10B | $1.08B | $1.71B | $788.2M | $20.6M | $100,000 | $149.2M | $165.7M |
| Retained earnings (deficit) | $6.52B | $5.76B | $5.01B | $4.07B | $2.86B | $1.84B | $1.40B | $1.16B | $922.7M | $703.8M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | $67.3M | −$3.6M | $20.1M | −$18.0M | −$3.0M | −$6.3M | −$700,000 | −$240.5M | −$197.8M | $0 |
| Minority interest | $25.2M | $23.9M | $69.0M | $4.2M | $2.8M | — | — | — | $0 | $0 |
| Total shareholders' equity | $6.60B | $6.66B | $6.21B | $5.21B | $4.63B | $2.66B | $1.47B | $1.20B | $1.08B | $910.8M |
| Key figures | ||||||||||
| Total debt | $14.69B | $13.86B | $11.33B | $7.99B | $4.96B | $4.17B | $3.78B | $3.44B | $2.97B | $2.39B |
| Net cash (debt) | −$14.35B | −$13.46B | −$10.39B | −$7.75B | −$4.79B | −$4.01B | −$3.69B | −$3.41B | −$2.91B | −$2.34B |
| Working capital | $1.16B | $1.22B | $2.01B | $1.45B | $906.9M | $860.2M | $501.4M | $497.9M | $481.8M | $365.2M |
| Tangible book value | −$1.13B | $1.99B | $1.88B | $1.89B | $2.85B | $1.72B | $706.4M | $473.6M | $639.9M | $467.1M |
| Book value per share | $259.97 | $245.59 | $225.14 | $183.96 | $159.53 | $110.44 | $62.72 | $48.87 | $43.16 | $35.69 |
| Shares outstanding | 25.4M | 27.1M | 27.6M | 28.3M | 29.0M | 24.1M | 23.4M | 24.5M | 25.1M | 25.5M |
| Current ratio | 1.17 | 1.19 | 1.41 | 1.46 | 1.38 | 1.35 | 1.20 | 1.20 | 1.21 | 1.19 |
| Quick ratio | 0.22 | 0.25 | 0.42 | 0.33 | 0.36 | 0.31 | 0.23 | 0.22 | 0.25 | 0.24 |
| Debt / equity | 2.22 | 2.08 | 1.82 | 1.54 | 1.07 | 1.57 | 2.57 | 2.87 | 2.74 | 2.63 |
| Equity / assets | 26.3% | 28.8% | 31.7% | 34.7% | 41.5% | 33.7% | 24.1% | 22.2% | 23.1% | 23.7% |
| 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 | $363.9M | $421.3M | $341.8M | $419.5M | $406.6M | $430.3M | $402.2M | $359.5M | $674.8M | $404.6M | $941.4M | $256.2M |
| Cash & equivalents | $363.9M | $421.3M | $341.8M | $417.1M | $404.4M | $430.3M | $402.2M | $359.5M | $674.8M | $404.6M | $941.4M | $256.2M |
| Short-term investments | — | — | $2.4M | $2.4M | $2.2M | $2.1M | — | $2.2M | $2.1M | — | — | — |
| Receivables | $1.12B | $1.26B | $1.13B | $1.21B | $1.24B | $1.40B | $1.24B | $1.21B | $1.24B | $1.25B | $1.11B | $999.3M |
| Inventory | $6.52B | $6.19B | $6.12B | $5.94B | $6.06B | $5.75B | $5.91B | $6.10B | $6.24B | $5.86B | $4.75B | $4.40B |
| Other current assets | $267.7M | $275.9M | $262.5M | $351.9M | $238.0M | $222.2M | $221.3M | $224.0M | $194.8M | $217.4M | $136.8M | $158.2M |
| Total current assets | $8.27B | $8.15B | $7.86B | $7.93B | $7.94B | $7.80B | $7.77B | $7.89B | $8.36B | $7.73B | $6.94B | $5.82B |
| Property, plant & equipment (net) | $5.74B | $5.70B | $4.94B | $5.41B | $5.40B | $5.32B | $4.63B | $5.39B | $5.34B | $5.26B | $4.46B | $4.42B |
| Goodwill & intangible assets | $5.32B | $5.24B | $7.73B | $5.21B | $5.24B | $5.14B | $6.78B | $4.70B | $4.69B | $4.62B | $4.33B | $3.87B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $6.91B | $6.65B | $4.58B | $5.97B | $5.58B | $5.22B | $3.94B | $5.28B | $4.82B | $4.57B | $3.90B | $4.16B |
| Total assets | $26.25B | $25.75B | $25.11B | $24.52B | $24.16B | $23.48B | $23.13B | $23.26B | $23.21B | $22.18B | $19.63B | $18.27B |
| Liabilities | ||||||||||||
| Accounts payable | $486.9M | $489.3M | $339.5M | $336.7M | $371.4M | $356.3M | $333.7M | $301.3M | $380.4M | $327.6M | $288.0M | $307.3M |
| Short-term debt | $6.53B | $6.46B | $5.01B | $4.98B | $4.97B | $5.04B | $4.90B | $5.24B | $5.44B | $5.09B | $3.75B | $3.20B |
| Deferred revenue | $2.19B | $2.13B | $2.10B | $50.6M | $50.6M | $20.3M | $1.73B | $1.80B | $18.2M | $15.8M | −$288.0M | $248.1M |
| Total current liabilities | $8.25B | $8.20B | $6.70B | $6.53B | $6.51B | $6.62B | $6.55B | $6.66B | $7.02B | $6.59B | $4.93B | $4.38B |
| Long-term debt | $9.38B | $9.01B | $9.68B | $9.16B | $8.72B | $8.26B | $8.17B | $8.17B | $8.03B | $7.47B | $7.16B | $6.59B |
| Lease obligations | $650.6M | $651.8M | $662.1M | $583.2M | $609.7M | $596.9M | $596.5M | $636.1M | $626.8M | $655.1M | $427.9M | $424.0M |
| Other long-term liabilities | $2.19B | $2.13B | $2.10B | $2.04B | $1.91B | $1.82B | $1.73B | $1.80B | $1.71B | $1.70B | $1.26B | $1.24B |
| Total liabilities | $19.82B | $19.34B | $18.48B | $17.73B | $17.15B | $16.70B | $16.45B | $16.63B | $16.77B | $15.76B | $13.35B | $12.20B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | — | $6.63B | $165.4M | $568.8M | $679.4M | $793.1M | $878.3M | $924.0M | $1.12B | $1.10B | $1.13B |
| Retained earnings (deficit) | $6.36B | $6.34B | $6.52B | $6.39B | $6.19B | $5.95B | $5.76B | $5.56B | $5.36B | $5.16B | $5.01B | $4.81B |
| Accumulated other comprehensive income | $37.8M | $42.1M | $67.3M | $86.6M | $116.6M | $33.5M | −$3.6M | $75.4M | $2.6M | $3.7M | $20.1M | −$14.7M |
| Minority interest | $25.3M | $25.3M | $25.2M | $24.9M | $24.5M | — | — | — | — | — | — | — |
| Total shareholders' equity | $6.43B | $6.38B | $6.60B | $6.77B | $6.99B | $6.76B | $6.68B | $6.60B | $6.37B | $6.35B | $6.21B | $6.00B |
| Key figures | ||||||||||||
| Total debt | $16.56B | $16.13B | $14.69B | $14.72B | $14.30B | $13.90B | $2.05B | $14.05B | $14.10B | $13.21B | $11.33B | $10.21B |
| Net cash (debt) | −$16.20B | −$15.71B | −$14.35B | −$14.30B | −$13.89B | −$13.47B | −$1.65B | −$13.69B | −$13.43B | −$12.80B | −$10.39B | −$9.95B |
| Working capital | $24.4M | −$47.9M | $1.16B | $1.40B | $1.43B | $1.18B | $1.22B | $1.23B | $1.34B | $1.14B | $2.01B | $1.44B |
| Tangible book value | $1.11B | $1.14B | −$1.13B | $1.56B | $1.74B | $1.62B | −$101.9M | $1.90B | $1.68B | $1.73B | $1.88B | $2.12B |
| Book value per share | $285.66 | $272.83 | $276.28 | $268.60 | $264.64 | $255.98 | $251.11 | $246.44 | $234.11 | $230.12 | $225.14 | $217.26 |
| Shares outstanding | 22.5M | 23.4M | 23.9M | 25.2M | 26.4M | 26.4M | 26.6M | 26.8M | 27.2M | 27.6M | 27.6M | 27.6M |
| Current ratio | 1.00 | 0.99 | 1.17 | 1.21 | 1.22 | 1.18 | 1.19 | 1.18 | 1.19 | 1.17 | 1.41 | 1.33 |
| Quick ratio | 0.18 | 0.21 | 0.22 | 0.25 | 0.25 | 0.28 | 0.25 | 0.24 | 0.27 | 0.25 | 0.42 | 0.29 |
| Debt / equity | 2.58 | 2.53 | 2.22 | 2.17 | 2.05 | 2.06 | 0.31 | 2.13 | 2.21 | 2.08 | 1.82 | 1.70 |
| Equity / assets | 24.5% | 24.8% | 26.3% | 27.6% | 28.9% | 28.8% | 28.9% | 28.4% | 27.4% | 28.6% | 31.7% | 32.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 25, 2026); data from EODHD.
LAD financial position
At the end of fiscal 2025 (December 31, 2025), Lithia Motors had total assets of $25.1 billion (up 8.6% from a year earlier), total liabilities of $18.5 billion and shareholders' equity of $6.6 billion. It held $341.8 million in cash and short-term investments against $14.7 billion of debt, net debt of $14.3 billion. Its current ratio was 1.17. In the latest quarter (ended June 30, 2026) total assets were $26.2 billion and equity $6.4 billion.
Related: LAD income statement, LAD cash flow statement, LAD key metrics. See the LAD stock overview for the latest quote and news.
LAD balance sheet FAQ
What are Lithia Motors's total assets?
Lithia Motors reported total assets of $25.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $23.1 billion a year earlier.
How much debt does Lithia Motors have?
Lithia Motors had $14.7 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 2.22.
How much cash does Lithia Motors have?
Lithia Motors held $341.8 million in cash and short-term investments at the end of fiscal 2025; with $14.7 billion of debt that is net debt of $14.3 billion.
What is Lithia Motors's book value?
Lithia Motors's shareholders' equity (book value) was $6.6 billion at the end of fiscal 2025, or $259.97 per share.
What is Lithia Motors's current ratio?
Lithia Motors had current assets of $7.9 billion and current liabilities of $6.7 billion, a current ratio of 1.17 (it can cover its short-term obligations).
How much goodwill does Lithia Motors have?
Lithia Motors carried $7.7 billion of goodwill and intangible assets, 30.8% of total assets, at the end of fiscal 2025.