StandardAero, Inc. (SARO) Balance Sheet

NYSE: SAROAssets, liabilities, debt and equity over 4 years.

SARO balance sheet, 2025

December 31, 2025 · U.S. dollars

$6.56B assets = $3.89B liabilities + $2.67B equity

What it owns$6.56BCash & ST investments: $289.7M (4.4%)Receivables: $1.74B (26.5%)Receivables$1.74B · 26%Inventory: $827.7M (12.6%)Inventory$827.7M · 13%Other current: $42.8M (0.7%)PP&E: $802.1M (12.2%)PP&E$802.1M · 12%Goodwill & intangibles: $1.93B (29.4%)Goodwill & intangibles$1.93B · 29%Other non-current: $929.7M (14.2%)Other non-current$929.7M · 14%=How it is financed$6.56BCurrent liabilities: $1.32B (20.1%)Current liabilities$1.32B · 20%Long-term debt: $2.19B (33.4%)Long-term debt$2.19B · 33%Other LT liabilities: $382.6M (5.8%)$382.6MShareholders’ equity: $2.67B (40.7%)Shareholders’ equity$2.67B · 41%

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

SARO financial health

Current ratio2.20
Comfortable · current assets cover current liabilities 2.20×
Debt / equity0.92
Moderate leverage · $0.92 of debt for each $1 of equity
Equity / assets40.7%
Equity-funded · of assets funded by shareholders
Cash / debt11.8%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles29.4%
Acquisition-heavy · of total assets

Descriptive bands, not a rating. Fiscal 2025.

SARO balance sheet trends, 2022–2025

MetricTrendThenLatestChange
Total assets$5.73B2022$6.56B2025+4.6%/yr
Total liabilities$4.53B2022$3.89B2025−4.9%/yr
Shareholders’ equity$1.20B2022$2.67B2025+30.5%/yr
Cash & short-term investments$120.1M2022$289.7M2025+34.1%/yr
Total debt$3.37B2022$2.45B2025−10.1%/yr
Net cash (debt)−$3.25B2022−$2.16B2025+$1.1B
Working capital$1.04B2022$1.58B2025+$538.0M
Book value per share$3.582022$7.982025+30.5%/yr
Current ratio2.0820222.202025+0.12
Debt / equity2.8120220.922025−1.89
Shares outstanding334.5M2022334.4M2025−0.0%/yr

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

SARO assets

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

SARO liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

SARO debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

SARO balance sheet

2025202420232022
Assets
Cash & short-term investments$289.7M$102.6M$58.0M$120.1M
Cash & equivalents$289.7M$102.6M$58.0M$120.1M
Receivables$1.74B$1.51B$1.34B$1.22B
Inventory$827.7M$847.0M$698.8M$605.0M
Other current assets$42.8M$29.7M$39.3M$68.9M
Total current assets$2.90B$2.49B$2.14B$2.01B
Property, plant & equipment (net)$802.1M$740.8M$690.7M$709.6M
Goodwill & intangible assets$1.93B$2.98B$2.93B$3.00B
Long-term investments$0$0$0$0
Other non-current assets$929.7M$5.5M$4.7M$6.4M
Total assets$6.56B$6.21B$5.76B$5.73B
Liabilities
Accounts payable$679.8M$645.7M$468.6M$503.7M
Short-term debt$45.8M$41.1M$43.7M$39.6M
Deferred revenue$411.3M$400.0M$355.7M$210.1M
Total current liabilities$1.32B$1.27B$1.07B$968.8M
Long-term debt$2.19B$2.21B$3.17B$3.16B
Lease obligations$234.7M$181.9M$176.5M$179.4M
Other long-term liabilities$382.6M$358.7M$371.1M$396.8M
Total liabilities$3.89B$3.84B$4.61B$4.53B
Shareholders' equity
Common stock & paid-in capital$3.3M$3.3M$2.8M$2.8M
Retained earnings (deficit)−$1.29B−$1.56B−$1.57B−$1.54B
Accumulated other comprehensive income−$8.2M−$11.4M−$7.0M$10.3M
Minority interest——$0$0
Total shareholders' equity$2.67B$2.37B$1.15B$1.20B
Key figures
Total debt$2.45B$2.41B$3.38B$3.37B
Net cash (debt)−$2.16B−$2.31B−$3.32B−$3.25B
Working capital$1.58B$1.21B$1.07B$1.04B
Tangible book value$738.2M−$608.8M−$1.78B−$1.80B
Book value per share$7.98$8.19$3.43$3.58
Shares outstanding334.4M289.8M334.5M334.5M
Current ratio2.201.952.002.08
Quick ratio1.541.261.311.38
Debt / equity0.921.022.942.81
Equity / assets40.7%38.2%19.9%20.9%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.

SARO financial position

At the end of fiscal 2025 (December 31, 2025), StandardAero had total assets of $6.6 billion (up 5.5% from a year earlier), total liabilities of $3.9 billion and shareholders' equity of $2.7 billion. It held $289.7 million in cash and short-term investments against $2.4 billion of debt, net debt of $2.2 billion. Its current ratio was 2.20. In the latest quarter (ended June 30, 2026) total assets were $6.9 billion and equity $2.8 billion.

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

SARO balance sheet FAQ

What are StandardAero's total assets?

StandardAero reported total assets of $6.6 billion at the end of fiscal 2025 (December 31, 2025), compared with $6.2 billion a year earlier.

How much debt does StandardAero have?

StandardAero had $2.4 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.92.

How much cash does StandardAero have?

StandardAero held $289.7 million in cash and short-term investments at the end of fiscal 2025; with $2.4 billion of debt that is net debt of $2.2 billion.

What is StandardAero's book value?

StandardAero's shareholders' equity (book value) was $2.7 billion at the end of fiscal 2025, or $7.98 per share.

What is StandardAero's current ratio?

StandardAero had current assets of $2.9 billion and current liabilities of $1.3 billion, a current ratio of 2.20 (it can cover its short-term obligations).

How much goodwill does StandardAero have?

StandardAero carried $1.9 billion of goodwill and intangible assets, 29.4% of total assets, at the end of fiscal 2025.

Aerospace & Defense: balance sheet