NCR Atleos Corporation (NATL) Balance Sheet

NYSE: NATLAssets, liabilities, debt and equity over 10 years.

NATL balance sheet, 2025

December 31, 2025 · U.S. dollars

$5.67B assets = $5.27B liabilities + $402.0M equity

Both columns are drawn to the same scale: what NATL owns equals what it owes plus shareholders’ equity. Hover a block for its value.

NATL financial health

Current ratio0.96

Tight · current assets cover current liabilities 0.96×

Debt / equity7.19

High leverage · $7.19 of debt for each $1 of equity

Equity / assets7.1%

Thin equity · of assets funded by shareholders

Cash / debt15.7%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles43.3%

Acquisition-heavy · of total assets

Descriptive bands, not a rating. Fiscal 2025.

NATL balance sheet trends, 2011–2025

NCR Atleos Corporation balance sheet trends
Metric	Then	Latest	Change
Total assets	$228.3M2011	$5.67B2025	+42.9%/yr
Total liabilities	$1.17B2011	$5.27B2025	+18.1%/yr
Shareholders’ equity	−$946.2M2011	$403.0M2025	—
Cash & short-term investments	$23.7M2011	$456.0M2025	+38.9%/yr
Total debt	$12.0M2012	$2.90B2025	+98.5%/yr
Net cash (debt)	$1.04B2012	−$2.44B2025	−$3.5B
Working capital	$128.2M2011	−$75.0M2025	−$203.2M
Book value per share	−$48.422011	$5.332025	—
Current ratio	2.912011	0.962025	−1.95
Debt / equity	0.032012	7.192025	+7.15
Shares outstanding	19.5M2011	75.6M2025	+16.2%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

NATL assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

NATL liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

NATL debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

NATL balance sheet

NCR Atleos Corporation annual balance sheet
	2025	2024	2023	2022	2021	2015	2014	2013	2012	2011
Assets
Cash & short-term investments	$456.0M	$419.0M	$339.0M	$293.0M	$238.0M	$1.25B	$1.16B	$1.08B	$1.05B	$23.7M
Cash & equivalents	$456.0M	$419.0M	$339.0M	$293.0M	$238.0M	$71.9M	$53.6M	$35.7M	$42.0M	$23.7M
Short-term investments	—	—	$209.0M	—	—	$1.18B	$1.11B	$1.04B	$1.01B	—
Receivables	$550.0M	$588.0M	$714.0M	$502.0M	$437.0M	$294.8M	$271.3M	$244.9M	$215.7M	$171.5M
Inventory	$342.0M	$307.0M	$333.0M	$419.0M	$467.0M	$0	$0	$0	$0	$0
Other current assets	$476.0M	$452.0M	$509.0M	$435.0M	$435.0M	$0	$0	$0	$0	$0
Total current assets	$1.82B	$1.77B	$1.90B	$1.65B	$1.58B	$1.55B	$1.43B	$1.32B	$1.27B	$195.2M
Property, plant & equipment (net)	$688.0M	$618.0M	$614.0M	$497.0M	$528.0M	$22.6M	$24.5M	$24.8M	$24.5M	$24.4M
Goodwill & intangible assets	$2.46B	$2.50B	$2.59B	$2.68B	$2.72B	$7.7M	$7.8M	$8.1M	$8.4M	$8.7M
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$700.0M	$668.0M	$645.0M	$948.0M	$753.0M	$358.4M	$290.7M	$270.6M	$266.8M	$0
Total assets	$5.67B	$5.55B	$5.74B	$5.77B	$5.58B	$1.94B	$1.75B	$1.62B	$1.57B	$228.3M
Liabilities
Accounts payable	$617.0M	$562.0M	$500.0M	$350.0M	$389.0M	$41.3M	$33.4M	$44.5M	$59.1M	$41.6M
Short-term debt	$86.0M	$81.0M	$76.0M	$108.0M	$208.0M	—	—	—	—	—
Deferred revenue	$383.0M	$315.0M	$325.0M	$356.0M	$332.0M	$336.9M	$311.3M	$283.6M	$266.1M	$25.3M
Total current liabilities	$1.90B	$1.70B	$1.75B	$1.37B	$1.63B	$378.2M	$344.7M	$329.2M	$332.1M	$67.0M
Long-term debt	$2.67B	$2.85B	$2.94B	$717.0M	$1.18B	$0	$0	$0	$0	$0
Lease obligations	$139.0M	$110.0M	$109.0M	$59.0M	$67.0M	—	—	—	—	—
Other long-term liabilities	$695.0M	$731.0M	$769.0M	$424.0M	$435.0M	$45.8M	$35.1M	$37.8M	$31.9M	$1.11B
Total liabilities	$5.27B	$5.29B	$5.45B	$2.51B	$3.24B	$1.58B	$1.39B	$1.27B	$1.22B	$1.17B
Shareholders' equity
Common stock & paid-in capital	$1.0M	$1.0M	$1.0M	$3.33B	$2.43B	$234,000	$234,000	$234,000	$54.8M	—
Retained earnings (deficit)	$299.0M	$231.0M	$181.0M	$0	—	$293.5M	$283.0M	$281.5M	$272.6M	$287.1M
Accumulated other comprehensive income	$38.0M	−$19.0M	$86.0M	−$63.0M	−$98.0M	$8.1M	$24.5M	$19.3M	$31.6M	$17.6M
Minority interest	−$1.0M	$4.0M	$3.0M	−$1.0M	—	—	—	—	—	—
Total shareholders' equity	$403.0M	$260.0M	$284.0M	$3.26B	$2.33B	$358.9M	$362.1M	$352.3M	$353.9M	−$946.2M
Key figures
Total debt	$2.90B	$3.05B	$3.12B	$884.0M	$1.46B	$12.0M	$12.0M	$12.0M	$12.0M	—
Net cash (debt)	−$2.44B	−$2.63B	−$2.78B	−$591.0M	−$1.22B	$1.24B	$1.15B	$1.06B	$1.04B	—
Working capital	−$75.0M	$64.0M	$148.0M	$280.0M	−$49.0M	$1.17B	$1.09B	$991.2M	$938.4M	$128.2M
Tangible book value	−$2.05B	−$2.24B	−$2.30B	$585.0M	−$388.0M	$351.2M	$354.3M	$344.2M	$345.6M	−$954.9M
Book value per share	$5.33	$3.50	$4.02	$47.70	$33.42	$18.03	$18.26	$17.82	$18.08	−$48.42
Shares outstanding	75.6M	74.2M	70.6M	68.4M	69.8M	19.9M	19.8M	19.8M	19.6M	19.5M
Current ratio	0.96	1.04	1.08	1.20	0.97	4.09	4.15	4.01	3.83	2.91
Quick ratio	0.53	0.59	0.60	0.58	0.42	4.09	4.15	4.01	3.83	2.91
Debt / equity	7.19	11.72	11.00	0.27	0.62	0.03	0.03	0.03	0.03	—
Equity / assets	7.1%	4.7%	4.9%	56.5%	41.8%	18.5%	20.6%	21.7%	22.5%	−414.5%

NCR Atleos Corporation quarterly balance sheet
	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	$429.0M	$433.0M	$456.0M	$412.0M	$636.0M	$352.0M	$419.0M	$395.0M	$374.0M	$343.0M	$339.0M	$423.0M
Cash & equivalents	$429.0M	$433.0M	$456.0M	$412.0M	$636.0M	$352.0M	$419.0M	$395.0M	$623.0M	$343.0M	$339.0M	$423.0M
Short-term investments	—	—	—	—	—	—	—	—	−$249.0M	—	—	—
Receivables	$658.0M	$575.0M	$550.0M	$569.0M	$669.0M	$658.0M	$588.0M	$623.0M	$707.0M	$742.0M	$711.0M	$494.0M
Inventory	$351.0M	$366.0M	$342.0M	$383.0M	$400.0M	$356.0M	$307.0M	$351.0M	$329.0M	$330.0M	$333.0M	$431.0M
Other current assets	$410.0M	$441.0M	$476.0M	$453.0M	$271.0M	$571.0M	$452.0M	$562.0M	$569.0M	$568.0M	$491.0M	$553.0M
Total current assets	$1.85B	$1.81B	$1.82B	$1.82B	$1.98B	$1.94B	$1.77B	$1.93B	$1.98B	$1.98B	$1.87B	$1.90B
Property, plant & equipment (net)	$704.0M	$693.0M	$688.0M	$646.0M	$633.0M	$614.0M	$618.0M	$592.0M	$596.0M	$601.0M	$612.0M	$573.0M
Goodwill & intangible assets	$2.41B	$2.43B	$2.46B	$2.48B	$2.49B	$2.50B	$2.50B	$2.54B	$2.55B	$2.56B	$2.59B	$2.60B
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$704.0M	$701.0M	$700.0M	$709.0M	$718.0M	$684.0M	$668.0M	$688.0M	$643.0M	$635.0M	$642.0M	$3.23B
Total assets	$5.66B	$5.64B	$5.67B	$5.65B	$5.81B	$5.74B	$5.55B	$5.75B	$5.76B	$5.78B	$5.71B	$8.31B
Liabilities
Accounts payable	$597.0M	$597.0M	$617.0M	$530.0M	$593.0M	$542.0M	$562.0M	$545.0M	$571.0M	$530.0M	$505.0M	$375.0M
Short-term debt	$84.0M	$80.0M	$86.0M	$80.0M	$81.0M	$81.0M	$81.0M	$88.0M	$84.0M	$80.0M	$76.0M	$132.0M
Deferred revenue	$408.0M	$435.0M	$383.0M	$358.0M	$395.0M	$403.0M	$315.0M	$304.0M	$318.0M	$332.0M	$325.0M	$350.0M
Total current liabilities	$1.80B	$1.85B	$1.90B	$1.78B	$1.89B	$1.89B	$1.70B	$1.80B	$1.85B	$1.88B	$1.76B	$1.56B
Long-term debt	$2.71B	$2.70B	$2.67B	$2.79B	$2.82B	$2.83B	$2.85B	$2.91B	$2.92B	$2.86B	$2.94B	$2.34B
Lease obligations	$141.0M	$146.0M	$139.0M	$127.0M	$120.0M	$104.0M	$110.0M	$102.0M	$105.0M	$105.0M	$109.0M	$63.0M
Other long-term liabilities	$687.0M	$691.0M	$695.0M	$746.0M	$759.0M	$740.0M	$731.0M	$781.0M	$740.0M	$749.0M	$769.0M	$814.0M
Total liabilities	$5.20B	$5.25B	$5.27B	$5.32B	$5.46B	$5.46B	$5.29B	$5.49B	$5.51B	$5.49B	$5.47B	$4.72B
Shareholders' equity
Common stock & paid-in capital	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$3.63B
Retained earnings (deficit)	$371.0M	$306.0M	$299.0M	$268.0M	$276.0M	$249.0M	$231.0M	$191.0M	$167.0M	$165.0M	$147.0M	—
Accumulated other comprehensive income	$17.0M	$23.0M	$38.0M	−$3.0M	$18.0M	−$23.0M	−$19.0M	$41.0M	$59.0M	$103.0M	$86.0M	−$38.0M
Minority interest	$0	$0	−$1.0M	$1.0M	$2.0M	—	—	—	—	—	—	—
Total shareholders' equity	$464.0M	$396.0M	$403.0M	$330.0M	$350.0M	$275.0M	$260.0M	$264.0M	$250.0M	$283.0M	$246.0M	$3.59B
Key figures
Total debt	$2.94B	$2.93B	$2.90B	$3.00B	$3.02B	$3.02B	$3.05B	$3.10B	$3.11B	$3.04B	$3.12B	$2.54B
Net cash (debt)	−$2.51B	−$2.50B	−$2.44B	−$2.58B	−$2.38B	−$2.67B	−$2.63B	−$2.70B	−$2.74B	−$2.70B	−$2.78B	−$2.12B
Working capital	$46.0M	−$36.0M	−$75.0M	$33.0M	$89.0M	$49.0M	$64.0M	$132.0M	$126.0M	$100.0M	$115.0M	$340.0M
Tangible book value	−$1.94B	−$2.04B	−$2.05B	−$2.15B	−$2.14B	−$2.23B	−$2.24B	−$2.27B	−$2.30B	−$2.27B	−$2.34B	$987.0M
Book value per share	$6.12	$5.24	$5.28	$4.43	$4.67	$3.66	$3.47	$3.54	$3.39	$3.95	$3.48	$50.97
Shares outstanding	75.8M	75.6M	76.3M	74.5M	74.9M	75.2M	75.0M	74.5M	73.7M	71.6M	70.6M	70.4M
Current ratio	1.03	0.98	0.96	1.02	1.05	1.03	1.04	1.07	1.07	1.05	1.07	1.22
Quick ratio	0.60	0.54	0.53	0.55	0.69	0.53	0.59	0.57	0.58	0.58	0.60	0.59
Debt / equity	6.33	7.40	7.19	9.08	8.62	10.97	11.72	11.73	12.44	10.75	12.70	0.71
Equity / assets	8.2%	7.0%	7.1%	5.8%	6.0%	4.8%	4.7%	4.6%	4.3%	4.9%	4.3%	43.2%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 27, 2026); data from EODHD.

NATL financial position

At the end of fiscal 2025 (December 31, 2025), NCR Atleos had total assets of $5.7 billion (up 2.1% from a year earlier), total liabilities of $5.3 billion and shareholders' equity of $403.0 million. It held $456.0 million in cash and short-term investments against $2.9 billion of debt, net debt of $2.4 billion. Its current ratio was 0.96. In the latest quarter (ended June 30, 2026) total assets were $5.7 billion and equity $464.0 million.

Related: NATL income statement, NATL cash flow statement, NATL key metrics. See the NATL stock overview for the latest quote and news.

NATL balance sheet FAQ

What are NCR Atleos's total assets?

NCR Atleos reported total assets of $5.7 billion at the end of fiscal 2025 (December 31, 2025), compared with $5.6 billion a year earlier.

How much debt does NCR Atleos have?

NCR Atleos had $2.9 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 7.19.

How much cash does NCR Atleos have?

NCR Atleos held $456.0 million in cash and short-term investments at the end of fiscal 2025; with $2.9 billion of debt that is net debt of $2.4 billion.

What is NCR Atleos's book value?

NCR Atleos's shareholders' equity (book value) was $403.0 million at the end of fiscal 2025, or $5.33 per share.

What is NCR Atleos's current ratio?

NCR Atleos had current assets of $1.8 billion and current liabilities of $1.9 billion, a current ratio of 0.96 (current liabilities exceed current assets).

How much goodwill does NCR Atleos have?

NCR Atleos carried $2.5 billion of goodwill and intangible assets, 43.3% of total assets, at the end of fiscal 2025.