Rayonier Advanced Materials Inc. (RYAM) Balance Sheet
RYAM balance sheet, 2025
December 31, 2025 · U.S. dollars$1.76B assets = $1.43B liabilities + $327.9M equity
Both columns are drawn to the same scale: what RYAM owns equals what it owes plus shareholders’ equity. Hover a block for its value.
RYAM financial health
Descriptive bands, not a rating. Fiscal 2025.
RYAM balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.42B2016 | $1.76B2025 | +2.4%/yr | |
| Total liabilities | $1.21B2016 | $1.43B2025 | +1.9%/yr | |
| Shareholders’ equity | $212.0M2016 | $316.6M2025 | +4.6%/yr | |
| Cash & short-term investments | $326.0M2016 | $75.4M2025 | −15.0%/yr | |
| Total debt | $783.0M2016 | $779.0M2025 | −0.1%/yr | |
| Net cash (debt) | −$457.0M2016 | −$703.6M2025 | −$246.6M | |
| Working capital | $393.0M2016 | $208.0M2025 | −$185.0M | |
| Book value per share | $4.502016 | $4.742025 | +0.6%/yr | |
| Current ratio | 4.122016 | 1.582025 | −2.54 | |
| Debt / equity | 3.692016 | 2.462025 | −1.23 | |
| Shares outstanding | 47.1M2016 | 66.8M2025 | +3.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RYAM assets
RYAM liabilities and equity
RYAM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
RYAM balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $75.4M | $125.2M | $75.8M | $151.8M | $253.0M | $93.7M | $64.0M | $109.0M | $96.0M | $326.0M |
| Cash & equivalents | $75.4M | $125.2M | $75.8M | $151.8M | $253.0M | $93.7M | $64.0M | $109.0M | $96.0M | $326.0M |
| Short-term investments | — | — | — | $0 | $38.5M | $0 | — | $1.2M | $0 | $0 |
| Receivables | $195.0M | $216.6M | $216.9M | $212.7M | $203.0M | $237.9M | $181.7M | $222.4M | $181.3M | $37.6M |
| Inventory | $238.0M | $208.0M | $207.5M | $265.3M | $230.7M | $170.6M | $251.2M | $321.4M | $302.1M | $118.4M |
| Other current assets | $60.0M | $51.1M | $74.9M | $59.7M | $89.3M | $131.4M | $58.0M | $63.2M | $66.6M | $37.0M |
| Total current assets | $568.4M | $601.0M | $575.1M | $689.5M | $776.0M | $633.6M | $554.8M | $716.0M | $646.0M | $519.0M |
| Property, plant & equipment (net) | $1.01B | $1.02B | $1.08B | $1.15B | $1.15B | $1.18B | $1.34B | $1.38B | $1.41B | $801.0M |
| Goodwill & intangible assets | $3.9M | $10.4M | $17.4M | $24.4M | $31.4M | $38.4M | $45.5M | $52.5M | $59.9M | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $937,000 | $749,000 | $0 |
| Other non-current assets | $171.4M | $499.7M | $515.1M | $482.3M | $491.6M | $680.1M | $541.4M | $528.6M | $528.4M | $102.0M |
| Total assets | $1.76B | $2.13B | $2.18B | $2.35B | $2.44B | $2.53B | $2.48B | $2.68B | $2.64B | $1.42B |
| Liabilities | ||||||||||
| Accounts payable | $190.4M | $196.2M | $186.2M | $164.0M | $169.5M | $156.7M | $153.2M | $192.7M | $157.9M | $36.4M |
| Short-term debt | $20.9M | $23.4M | $25.3M | $14.6M | $38.0M | $17.1M | $25.3M | $15.0M | $9.0M | $9.6M |
| Deferred revenue | $10.4M | $11.1M | $24.1M | $21.6M | $20.5M | $721,000 | −$153.2M | −$192.7M | $53.5M | $34.5M |
| Total current liabilities | $360.4M | $400.2M | $375.8M | $353.7M | $355.0M | $293.0M | $286.1M | $370.0M | $307.0M | $126.0M |
| Long-term debt | $758.1M | $706.4M | $752.2M | $838.5M | $891.0M | $1.07B | $1.06B | $1.17B | $1.23B | $773.7M |
| Other long-term liabilities | $311.9M | $298.7M | $308.2M | $326.0M | $385.0M | $474.9M | $448.5M | $428.8M | $409.8M | $310.3M |
| Total liabilities | $1.43B | $1.41B | $1.44B | $1.52B | $1.63B | $1.83B | $1.80B | $1.97B | $1.95B | $1.21B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $670,000 | $660,000 | $654,000 | $640,000 | $637,000 | $633,000 | $632,000 | $493,000 | $517,000 | $433,000 |
| Retained earnings (deficit) | −$88.9M | $333.6M | $372.6M | $474.4M | $489.3M | $422.9M | $422.4M | $462.6M | $377.0M | $79.0M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$23.0M | −$45.7M | −$45.9M | −$63.8M | −$84.5M | −$133.6M | −$139.2M | −$155.7M | −$76.2M | −$110.1M |
| Minority interest | $11.4M | $10.5M | $0 | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $316.6M | $713.9M | $746.4M | $829.3M | $814.0M | $695.1M | $682.8M | $707.0M | $694.0M | $212.0M |
| Key figures | ||||||||||
| Total debt | $779.0M | $729.8M | $777.5M | $853.1M | $929.0M | $1.08B | $1.11B | $1.19B | $1.24B | $783.0M |
| Net cash (debt) | −$703.6M | −$604.6M | −$701.7M | −$701.3M | −$676.0M | −$990.3M | −$1.04B | −$1.08B | −$1.15B | −$457.0M |
| Working capital | $208.0M | $200.8M | $199.2M | $335.9M | $421.0M | $340.6M | $268.7M | $346.0M | $339.0M | $393.0M |
| Tangible book value | $312.6M | $703.5M | $729.0M | $804.9M | $782.6M | $656.6M | $637.3M | $654.5M | $634.1M | $212.0M |
| Book value per share | $4.74 | $10.86 | $11.46 | $12.98 | $12.79 | $10.99 | $12.53 | $10.81 | $12.41 | $4.50 |
| Shares outstanding | 66.8M | 65.7M | 65.1M | 63.9M | 63.6M | 63.2M | 54.5M | 65.4M | 55.9M | 47.1M |
| Current ratio | 1.58 | 1.50 | 1.53 | 1.95 | 2.19 | 2.16 | 1.94 | 1.94 | 2.10 | 4.12 |
| Quick ratio | 0.75 | 0.85 | 0.78 | 1.03 | 1.28 | 1.13 | 0.86 | 0.90 | 0.90 | 2.89 |
| Debt / equity | 2.46 | 1.02 | 1.04 | 1.03 | 1.14 | 1.56 | 1.62 | 1.68 | 1.79 | 3.69 |
| Equity / assets | 18.0% | 33.5% | 34.2% | 35.3% | 33.3% | 27.5% | 27.5% | 26.4% | 26.3% | 14.9% |
| 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 | $57.0M | $67.9M | $75.4M | $77.0M | $70.7M | $129.9M | $125.2M | $136.1M | $114.1M | $54.6M | $75.8M | $27.1M |
| Cash & equivalents | $57.0M | $67.9M | $75.4M | $77.0M | $70.7M | $129.9M | $125.2M | $136.1M | $114.1M | $54.6M | $75.8M | $27.1M |
| Receivables | $180.1M | $173.6M | $195.0M | $184.8M | $153.5M | $167.3M | $216.6M | $196.1M | $221.0M | $201.7M | $216.9M | $175.8M |
| Inventory | $196.0M | $223.7M | $238.0M | $254.0M | $233.2M | $212.0M | $208.0M | $234.0M | $225.5M | $228.1M | $207.5M | $242.7M |
| Other current assets | $77.4M | $64.0M | $60.0M | $74.7M | $82.5M | $63.3M | $51.1M | $62.8M | $74.4M | $61.2M | $74.9M | $72.7M |
| Total current assets | $510.4M | $529.2M | $568.4M | $590.6M | $539.8M | $572.5M | $601.0M | $629.0M | $635.0M | $545.6M | $575.1M | $518.3M |
| Property, plant & equipment (net) | $944.5M | $965.2M | $1.01B | $1.05B | $1.07B | $1.03B | $1.02B | $1.02B | $1.06B | $1.06B | $1.08B | $1.15B |
| Goodwill & intangible assets | $3.6M | $3.8M | $3.9M | $5.1M | $6.9M | $8.7M | $10.4M | $12.2M | $13.9M | $15.7M | $17.4M | $19.2M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $161.3M | $169.2M | $171.4M | $147.0M | $137.2M | $505.6M | $499.7M | $496.5M | $491.2M | $515.9M | $515.1M | $488.1M |
| Total assets | $1.62B | $1.67B | $1.76B | $1.80B | $1.75B | $2.12B | $2.13B | $2.16B | $2.20B | $2.14B | $2.18B | $2.18B |
| Liabilities | ||||||||||||
| Accounts payable | $193.8M | $202.5M | $190.4M | $172.1M | $189.6M | $199.8M | $196.2M | $166.9M | $186.0M | $157.7M | $186.2M | $171.3M |
| Short-term debt | $29.6M | $28.0M | $20.9M | $38.5M | $33.6M | $29.0M | $23.4M | $25.6M | $25.0M | $23.1M | $25.3M | $22.9M |
| Deferred revenue | $4.1M | $9.8M | $10.4M | $11.4M | $6.4M | $8.4M | $11.1M | $8.7M | $9.1M | $23.8M | $24.1M | $20.5M |
| Total current liabilities | $371.8M | $385.2M | $360.4M | $376.2M | $371.6M | $404.8M | $400.2M | $363.9M | $376.6M | $332.5M | $375.8M | $334.4M |
| Long-term debt | $745.1M | $735.5M | $758.1M | $763.5M | $720.4M | $707.0M | $706.4M | $747.7M | $752.8M | $755.6M | $752.2M | $730.0M |
| Other long-term liabilities | $295.9M | $305.7M | $311.9M | $305.0M | $307.9M | $306.3M | $298.7M | $315.1M | $312.5M | $305.2M | $308.2M | $325.6M |
| Total liabilities | $1.41B | $1.43B | $1.43B | $1.44B | $1.40B | $1.42B | $1.41B | $1.43B | $1.44B | $1.39B | $1.44B | $1.39B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $676,000 | $674,000 | $670,000 | $670,000 | $670,000 | $668,000 | $660,000 | $659,000 | $659,000 | $655,000 | $654,000 | $654,000 |
| Retained earnings (deficit) | −$204.3M | −$171.0M | −$88.9M | −$67.4M | −$62.5M | $301.2M | $333.6M | $349.8M | $382.4M | $371.0M | $372.6M | $434.2M |
| Accumulated other comprehensive income | −$28.8M | −$27.0M | −$23.0M | −$22.1M | −$21.4M | −$38.1M | −$45.7M | −$41.3M | −$49.9M | −$50.4M | −$45.9M | −$67.2M |
| Minority interest | $12.2M | $11.7M | $11.4M | $13.2M | $12.8M | — | — | — | — | — | — | — |
| Total shareholders' equity | $194.8M | $229.4M | $316.6M | $338.2M | $342.3M | $688.1M | $713.9M | $732.7M | $755.1M | $741.8M | $746.4M | $785.7M |
| Key figures | ||||||||||||
| Total debt | $774.8M | $763.4M | $779.0M | $822.2M | $775.4M | $736.0M | $729.8M | $773.3M | $777.8M | $778.7M | $777.5M | $767.5M |
| Net cash (debt) | −$717.8M | −$695.5M | −$703.6M | −$745.2M | −$704.7M | −$606.2M | −$604.6M | −$637.2M | −$663.6M | −$724.1M | −$701.7M | −$740.4M |
| Working capital | $138.6M | $144.0M | $208.0M | $214.4M | $168.2M | $167.7M | $200.8M | $265.2M | $258.4M | $213.1M | $199.2M | $183.9M |
| Tangible book value | $191.1M | $225.6M | $312.6M | $333.1M | $335.4M | $679.4M | $703.5M | $720.6M | $741.2M | $726.1M | $729.0M | $766.5M |
| Book value per share | $2.88 | $3.42 | $4.72 | $5.05 | $5.12 | $10.39 | $10.83 | $11.12 | $10.98 | $11.33 | $11.42 | $12.02 |
| Shares outstanding | 67.5M | 67.1M | 67.0M | 67.0M | 66.9M | 66.2M | 65.9M | 65.9M | 68.8M | 65.4M | 65.4M | 65.3M |
| Current ratio | 1.37 | 1.37 | 1.58 | 1.57 | 1.45 | 1.41 | 1.50 | 1.73 | 1.69 | 1.64 | 1.53 | 1.55 |
| Quick ratio | 0.64 | 0.63 | 0.75 | 0.70 | 0.60 | 0.73 | 0.85 | 0.91 | 0.89 | 0.77 | 0.78 | 0.61 |
| Debt / equity | 3.98 | 3.33 | 2.46 | 2.43 | 2.27 | 1.07 | 1.02 | 1.06 | 1.03 | 1.05 | 1.04 | 0.98 |
| Equity / assets | 12.0% | 13.8% | 18.0% | 18.8% | 19.5% | 32.5% | 33.5% | 33.9% | 34.4% | 34.7% | 34.2% | 36.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 5, 2026); data from EODHD.
RYAM financial position
At the end of fiscal 2025 (December 31, 2025), Rayonier Advanced Materials had total assets of $1.8 billion (down 17.4% from a year earlier), total liabilities of $1.4 billion and shareholders' equity of $316.6 million. It held $75.4 million in cash and short-term investments against $779.0 million of debt, net debt of $703.6 million. Its current ratio was 1.58. In the latest quarter (ended June 30, 2026) total assets were $1.6 billion and equity $194.8 million.
Related: RYAM income statement, RYAM cash flow statement, RYAM key metrics. See the RYAM stock overview for the latest quote and news.
RYAM balance sheet FAQ
What are Rayonier Advanced Materials's total assets?
Rayonier Advanced Materials reported total assets of $1.8 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.1 billion a year earlier.
How much debt does Rayonier Advanced Materials have?
Rayonier Advanced Materials had $779.0 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 2.46.
How much cash does Rayonier Advanced Materials have?
Rayonier Advanced Materials held $75.4 million in cash and short-term investments at the end of fiscal 2025; with $779.0 million of debt that is net debt of $703.6 million.
What is Rayonier Advanced Materials's book value?
Rayonier Advanced Materials's shareholders' equity (book value) was $316.6 million at the end of fiscal 2025, or $4.74 per share.
What is Rayonier Advanced Materials's current ratio?
Rayonier Advanced Materials had current assets of $568.4 million and current liabilities of $360.4 million, a current ratio of 1.58 (it can cover its short-term obligations).
How much goodwill does Rayonier Advanced Materials have?
Rayonier Advanced Materials carried $3.9 million of goodwill and intangible assets, 0.2% of total assets, at the end of fiscal 2025.