AMMO, Inc. (POWW) Balance Sheet

NASDAQ: POWWAssets, liabilities, debt and equity over 10 years.

POWW balance sheet, FY2026

March 31, 2026 · U.S. dollars

$267.5M assets = $32.5M liabilities + $235.0M equity

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

POWW financial health

Current ratio3.96

Comfortable · current assets cover current liabilities 3.96×

Debt / equity0.05

Low leverage · $0.05 of debt for each $1 of equity

Equity / assets87.8%

Equity-funded · of assets funded by shareholders

Cash / debt609.8%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles66.5%

Mostly intangible · of total assets

Descriptive bands, not a rating. Fiscal FY2026.

POWW balance sheet trends, FY2017–FY2026

AMMO, Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$3.2MFY2017	$267.5MFY2026	+63.5%/yr
Total liabilities	$625,575FY2017	$32.5MFY2026	+55.1%/yr
Shareholders’ equity	−$625,575FY2017	$235.0MFY2026	—
Cash & short-term investments	$10,116FY2017	$68.1MFY2026	+166.3%/yr
Total debt	$2.5MFY2017	$11.2MFY2026	+18.2%/yr
Net cash (debt)	−$2.5MFY2017	$56.9MFY2026	+$59.4M
Working capital	−$440,383FY2017	$61.3MFY2026	+$61.7M
Book value per share	$0.88FY2019	$2.01FY2026	+12.5%/yr
Current ratio	0.30FY2017	3.96FY2026	+3.66
Debt / equity	0.67FY2018	0.05FY2026	−0.62
Shares outstanding	33.6MFY2019	117.1MFY2026	+19.5%/yr

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

POWW assets

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

POWW liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

POWW debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

POWW balance sheet

AMMO, Inc. annual balance sheet
	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Assets
Cash & short-term investments	$68.1M	$30.2M	$55.6M	$39.1M	$23.3M	$118.3M	$884,274	$2.2M	$786,823	$10,116
Cash & equivalents	$68.1M	$30.2M	$55.6M	$39.1M	$23.3M	$118.3M	$884,274	$2.2M	$786,823	$10,116
Receivables	$10.4M	$10.2M	$10.8M	$29.3M	$44.0M	$9.0M	$3.0M	$1.2M	$185,192	$185,192
Inventory	$0	$0	$45.6M	$54.3M	$59.0M	$15.9M	$4.4M	$4.8M	$1.8M	$219,105
Other current assets	$3.5M	$31.7M	$19.6M	$5.6M	$3.4M	$2.4M	$844,117	$427,551	$254,732	$0
Total current assets	$82.0M	$72.1M	$131.5M	$128.5M	$129.7M	$145.6M	$9.2M	$8.6M	$3.0M	$185,192
Property, plant & equipment (net)	$7.3M	$7.9M	$9.2M	$57.2M	$40.4M	$23.6M	$22.3M	$22.0M	$769,442	$0
Goodwill & intangible assets	$177.8M	$189.8M	$201.9M	$219.9M	$232.7M	$8.3M	$10.3M	$12.9M	$1.1M	$125,000
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$465,247	$27.5M	$60.4M	$7.6M	$11.4M	$1.8M	$0	$29,034	$1	$2.9M
Total assets	$267.5M	$297.3M	$403.0M	$413.2M	$414.2M	$179.4M	$41.1M	$43.6M	$4.9M	$3.2M
Liabilities
Accounts payable	$15.7M	$18.1M	$15.6M	$18.1M	$26.8M	$4.4M	$5.2M	$1.9M	$476,893	$575
Short-term debt	$735,579	$519,522	$753,110	$3.0M	$2.8M	$4.3M	$5.4M	$1.7M	$1.7M	$2.5M
Deferred revenue	—	—	$1.8M	$101,593	$201,891	$361,270	$493,553	—	—	−$2.5M
Total current liabilities	$20.7M	$62.1M	$31.0M	$25.5M	$35.8M	$12.1M	$12.2M	$4.5M	$2.4M	$625,575
Long-term debt	$9.8M	$0	$10.7M	$10.9M	$38,330	$4.0M	$5.8M	$8.7M	$0	$0
Lease obligations	$1.1M	$1.6M	$2.1M	$1.4M	$2.9M	$2.1M	$3.5M	—	—	—
Other long-term liabilities	$2.0M	$13.2M	$3.3M	$2.7M	$4.0M	$2.9M	$3.8M	$900,000	$2.2M	$575
Total liabilities	$32.5M	$75.3M	$45.0M	$39.1M	$39.9M	$19.0M	$21.8M	$14.1M	$2.4M	$625,575
Shareholders' equity
Common stock & paid-in capital	$116,905	$116,816	$119,181	$118,294	$116,487	$93,100	$46,204	$44,013	$22,488	$577
Retained earnings (deficit)	−$210.5M	−$203.9M	−$69.9M	−$50.2M	−$11.2M	−$41.8M	−$34.0M	−$19.5M	−$5.9M	−$7.8M
Treasury stock	—	—	—	−$522,158	—	—	—	—	—	—
Accumulated other comprehensive income	—	—	−$1,400	−$1,400	$0	$0	−$3.1M	−$516,144	−$77,861	−$167,499
Total shareholders' equity	$235.0M	$222.0M	$358.0M	$374.1M	$374.3M	$160.3M	$19.3M	$29.5M	$2.5M	−$625,575
Key figures
Total debt	$11.2M	$1.6M	$13.1M	$14.9M	$5.1M	$10.6M	$14.3M	$10.4M	$1.7M	$2.5M
Net cash (debt)	$56.9M	$28.7M	$42.5M	$24.3M	$18.1M	$107.7M	−$13.4M	−$8.2M	−$895,057	−$2.5M
Working capital	$61.3M	$10.1M	$100.6M	$103.0M	$93.9M	$133.5M	−$3.1M	$4.1M	$605,514	−$440,383
Tangible book value	$57.2M	$32.3M	$156.2M	$154.2M	$141.6M	$152.1M	$9.0M	$16.6M	$1.4M	−$750,575
Book value per share	$2.01	$1.89	$3.03	$3.19	$3.28	$2.91	$0.42	$0.88	—	—
Shares outstanding	117.1M	117.6M	118.2M	117.2M	114.2M	55.0M	45.6M	33.6M	—	—
Current ratio	3.96	1.16	4.25	5.04	3.62	12.04	0.75	1.92	1.25	0.30
Quick ratio	3.79	0.65	2.14	2.69	1.88	10.53	0.32	0.76	0.40	0.31
Debt / equity	0.05	0.01	0.04	0.04	0.01	0.07	0.74	0.35	0.67	—
Equity / assets	87.8%	74.7%	88.8%	90.5%	90.4%	89.4%	46.9%	67.7%	50.9%	−19.6%

AMMO, Inc. 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	$68.8M	$68.1M	$69.9M	$65.7M	$63.4M	$30.2M	$31.9M	$33.5M	$50.8M	$55.6M	$54.7M	$49.6M
Cash & equivalents	$68.8M	$68.1M	$69.9M	$65.7M	$63.4M	$30.2M	$31.9M	$33.5M	$50.8M	$55.6M	$54.7M	$49.6M
Receivables	$9.5M	$10.4M	$9.2M	$8.9M	$8.9M	$10.2M	$17.0M	$19.7M	$24.2M	$10.8M	$21.1M	$23.0M
Inventory	$0	$0	$0	$0	$0	$47.2M	$47.2M	$51.8M	$54.7M	$45.6M	$49.5M	$53.0M
Other current assets	$3.9M	$3.5M	$3.5M	$3.8M	$2.2M	$0	$2.7M	$3.5M	$4.2M	$19.6M	$3.7M	$3.9M
Total current assets	$82.2M	$82.0M	$82.5M	$78.3M	$74.5M	$72.1M	$98.8M	$108.6M	$134.0M	$131.5M	$129.0M	$129.5M
Property, plant & equipment (net)	$7.2M	$7.3M	$1.2M	$8.2M	$8.2M	$7.9M	$59.0M	$59.6M	$59.8M	$9.2M	$59.4M	$56.8M
Goodwill & intangible assets	$174.7M	$177.8M	$180.8M	$183.7M	$186.7M	$189.8M	$197.1M	$200.3M	$203.3M	$201.9M	$209.8M	$213.1M
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$429,830	$465,247	$7.2M	$90,942	$83,278	$27.5M	$399,910	$448,278	$5.4M	$60.4M	$2.4M	$3.2M
Total assets	$264.6M	$267.5M	$271.7M	$270.3M	$269.5M	$297.3M	$355.4M	$368.9M	$402.4M	$403.0M	$400.6M	$402.7M
Liabilities
Accounts payable	$14.4M	$15.7M	$15.4M	$15.3M	$16.2M	$18.1M	$21.5M	$18.9M	$22.7M	$15.6M	$19.1M	$19.6M
Short-term debt	$745,738	$735,579	$718,322	$671,094	$839,300	$519,522	—	—	$2.4M	$753,110	$902,065	$1.8M
Deferred revenue	—	—	—	—	—	—	—	—	$1.8M	$1.8M	—	−$1.4M
Total current liabilities	$17.3M	$20.7M	$20.7M	$22.7M	$22.7M	$62.1M	$42.4M	$29.8M	$42.3M	$31.0M	$26.6M	$27.6M
Long-term debt	$9.6M	$9.8M	$9.8M	$9.7M	$21.7M	$0	$10.6M	$10.7M	$10.7M	$10.7M	$10.8M	$10.8M
Lease obligations	$1.0M	$1.1M	$1.3M	$1.3M	$1.4M	$1.6M	$1.7M	$1.8M	$1.9M	$2.1M	$2.2M	$1.1M
Other long-term liabilities	$1.6M	$2.0M	$4.0M	$2.4M	$2.5M	$13.2M	$2.8M	$2.9M	$1.5M	$3.3M	$1.8M	$1.2M
Total liabilities	$28.6M	$32.5M	$34.4M	$34.9M	$47.0M	$75.3M	$55.8M	$43.4M	$54.4M	$45.0M	$39.2M	$39.7M
Shareholders' equity
Common stock & paid-in capital	$116,018	$116,905	$117,291	$117,113	$117,113	$116,816	—	—	$118,757	$119,181	$118,644	$118,461
Retained earnings (deficit)	−$207.6M	−$210.5M	−$209.0M	−$210.4M	−$211.1M	−$203.9M	−$125.6M	−$98.7M	−$45.5M	−$69.9M	−$31.5M	−$29.1M
Accumulated other comprehensive income	—	—	—	—	—	—	—	—	−$1,400	−$1,400	$0	$0
Total shareholders' equity	$236.0M	$235.0M	$237.3M	$235.4M	$222.5M	$222.0M	$299.6M	$325.6M	$348.0M	$358.0M	$361.4M	$363.0M
Key figures
Total debt	$10.9M	$11.2M	$11.2M	$11.2M	$23.5M	$1.6M	$10.6M	$10.7M	$14.6M	$13.1M	$13.4M	$13.4M
Net cash (debt)	$57.9M	$56.9M	$58.6M	$54.5M	$39.9M	$28.7M	$21.3M	$22.9M	$36.2M	$42.5M	$41.2M	$36.2M
Working capital	$64.9M	$61.3M	$61.9M	$55.6M	$51.8M	$10.1M	$56.5M	$78.8M	$91.7M	$100.6M	$102.4M	$101.9M
Tangible book value	$61.2M	$57.2M	$56.5M	$51.7M	$35.8M	$32.3M	$102.5M	$125.3M	$144.7M	$156.2M	$151.6M	$149.9M
Book value per share	$1.90	$2.01	$1.93	$2.00	$1.90	$1.90	$2.57	$2.74	$2.92	$3.01	$3.05	$3.07
Shares outstanding	124.0M	117.1M	122.9M	117.7M	116.8M	116.9M	116.5M	118.8M	119.1M	118.8M	118.4M	118.2M
Current ratio	4.74	3.96	4.00	3.44	3.28	1.16	2.33	3.65	3.17	4.25	4.85	4.69
Quick ratio	4.51	3.79	3.83	3.28	3.18	0.65	1.15	1.79	1.77	2.14	2.85	2.63
Debt / equity	0.05	0.05	0.05	0.05	0.11	0.01	0.04	0.03	0.04	0.04	0.04	0.04
Equity / assets	89.2%	87.8%	87.3%	87.1%	82.6%	74.7%	84.3%	88.2%	86.5%	88.8%	90.2%	90.1%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed June 22, 2026); data from EODHD.

POWW financial position

At the end of fiscal 2026 (March 31, 2026), AMMO had total assets of $267.5 million (down 10.0% from a year earlier), total liabilities of $32.5 million and shareholders' equity of $235.0 million. It held $68.1 million in cash and short-term investments against $11.2 million of debt, a net cash position of $56.9 million. Its current ratio was 3.96. In the latest quarter (ended June 30, 2026) total assets were $264.6 million and equity $236.0 million.

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

POWW balance sheet FAQ

What are AMMO's total assets?

AMMO reported total assets of $267.5 million at the end of fiscal 2026 (March 31, 2026), compared with $297.3 million a year earlier.

How much debt does AMMO have?

AMMO had $11.2 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.05.

How much cash does AMMO have?

AMMO held $68.1 million in cash and short-term investments at the end of fiscal 2026; with $11.2 million of debt that is net cash of $56.9 million.

What is AMMO's book value?

AMMO's shareholders' equity (book value) was $235.0 million at the end of fiscal 2026, or $2.01 per share.

What is AMMO's current ratio?

AMMO had current assets of $82.0 million and current liabilities of $20.7 million, a current ratio of 3.96 (it can cover its short-term obligations).

How much goodwill does AMMO have?

AMMO carried $177.8 million of goodwill and intangible assets, 66.5% of total assets, at the end of fiscal 2026.