The company's financial position shows signs of strain, with retained earnings shifting from a $463.0 million surplus in 2024Q4 to a $68.5 million deficit by 2026Q4.
| Total Current Assets | 503.61M | 483.04M | 572.21M | 665.83M | 511.69M | 430.56M | 448.22M | 367.05M |
| Cash & Short-Term Investments | 168.75M | 121.33M | 212.14M | 351.58M | 282.38M | 197.21M | 214.49M | 99.74M |
| Cash Only | 168.75M | 121.33M | 212.14M | 351.58M | 282.38M | 197.21M | 214.49M | 99.74M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 93.25M | 84.6M | 125.17M | 130.48M | 120.74M | 94.85M | 92.1M | 115.94M |
| Days Sales Outstanding | 38.24 | 42.59 | 43.54 | 48.91 | 57.33 | 58.56 | 51.71 | 58.42 |
| Inventory | 181.75M | 183.91M | 162.3M | 151.3M | 86.16M | 87.5M | 127.23M | 130.92M |
| Days Inventory Outstanding | 138.95 | 166.37 | 124.76 | 129.16 | 87.06 | 102.26 | 119.43 | 118.14 |
| Other Current Assets | 59.85M | 56.53M | 40.69M | 30.39M | 7.42M | 32.63M | 5.38M | 7.31M |
| Total Non-Current Assets | 912.57M | 937.92M | 958.39M | 515.33M | 380.93M | 317.11M | 369.6M | 385.21M |
| Property, Plant & Equipment | 308.26M | 323.77M | 341.55M | 279.96M | 226.08M | 192.39M | 332.33M | 347.4M |
| Fixed Asset Turnover | 2.89x | 2.24x | 3.07x | 3.48x | 3.40x | 3.07x | 1.96x | 2.08x |
| Goodwill | 203.29M | 202.47M | 202.43M | 27.69M | 20.01M | 20.11M | 1.28M | 1.34M |
| Intangible Assets | 238.68M | 262.12M | 276.85M | 52.38M | 35.97M | 36.37M | 19.96M | 17.71M |
| Long-Term Investments | 0 | 31.7M | 26.73M | 27.27M | 40.02M | 26.66M | 6.72M | 11.37M |
| Other Non-Current Assets | 82.12M | 49.34M | 56.34M | 77.67M | 40.89M | 14.61M | 2.09M | 2.22M |
| Total Assets | 1.42B | 1.42B | 1.53B | 1.18B | 892.62M | 747.68M | 817.82M | 752.26M |
| Asset Turnover | 0.63x | 0.51x | 0.69x | 0.82x | 0.86x | 0.79x | 0.79x | 0.96x |
| Asset Growth % | -0.34% | -7.16% | 29.59% | 32.32% | 19.39% | -8.58% | 8.72% | - |
| Total Current Liabilities | 145.93M | 112.26M | 117.91M | 165.32M | 104.22M | 116.67M | 150.11M | 103.86M |
| Accounts Payable | 44.44M | 38.73M | 37.59M | 56.26M | 29.84M | 35.39M | 25.26M | 29.13M |
| Days Payables Outstanding | 33.97 | 35.04 | 28.89 | 48.02 | 30.15 | 41.36 | 23.71 | 26.29 |
| Short-Term Debt | 1.53M | 1.42M | 3.93M | 0 | 0 | 0 | 68M | 13M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.66M |
| Other Current Liabilities | 99.96M | 14.74M | 64.64M | 20.4M | 13.53M | 35.51M | 5.26M | 3.05M |
| Current Ratio | 3.45x | 4.30x | 4.85x | 4.03x | 4.91x | 3.69x | 2.99x | 3.53x |
| Quick Ratio | 2.21x | 2.66x | 3.48x | 3.11x | 4.08x | 2.94x | 2.14x | 2.27x |
| Cash Conversion Cycle | 143.21 | 173.93 | 139.4 | 130.05 | 114.25 | 119.46 | 147.44 | 150.27 |
| Total Non-Current Liabilities | 313.81M | 377.6M | 280.98M | 49.02M | 53.03M | 44.13M | 33.58M | 58.61M |
| Long-Term Debt | 285.75M | 344.7M | 249.61M | 25M | 25M | 25M | 17.7M | 29.7M |
| Capital Lease Obligations | 0 | 16.88M | 16.4M | 13.05M | 12.75M | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 2.77M | 0 | 2.87M |
| Other Non-Current Liabilities | 28.06M | 16.02M | 14.96M | 10.97M | 15.29M | 19.13M | 15.88M | 26.04M |
| Total Liabilities | 459.73M | 489.86M | 398.89M | 214.34M | 157.26M | 160.81M | 183.69M | 162.47M |
| Total Debt | 287.28M | 368.49M | 275.21M | 42.54M | 41.45M | 25M | 85.7M | 42.7M |
| Net Debt | 118.52M | 247.16M | 63.06M | -309.04M | -240.93M | -172.21M | -128.79M | -57.04M |
| Debt / Equity | 0.30x | 0.40x | 0.24x | 0.04x | 0.06x | 0.04x | 0.14x | 0.07x |
| Debt / EBITDA | 2.60x | 8.24x | 1.03x | 0.17x | 0.22x | 0.41x | 0.73x | 0.27x |
| Net Debt / EBITDA | 1.07x | 5.53x | 0.24x | -1.22x | -1.30x | -2.85x | -1.10x | -0.36x |
| Interest Coverage | 1.28x | -1.82x | 19.10x | 91.47x | 57.32x | 0.62x | 485.35x | 83.12x |
| Total Equity | 958.14M | 931.1M | 1.13B | 966.82M | 735.36M | 586.87M | 634.13M | 589.79M |
| Equity Growth % | 2.9% | -17.73% | 17.06% | 31.47% | 25.3% | -7.45% | 7.52% | - |
| Book Value per Share | 5.17 | 4.96 | 5.81 | 4.99 | 3.83 | 3.10 | 3.35 | 3.14 |
| Total Shareholders' Equity | 956.45M | 929.55M | 1.13B | 965.63M | 734.21M | 585.75M | 633.18M | 588.98M |
| Common Stock | 1.85M | 1.84M | 1.93M | 1.92M | 1.91M | 1.9M | 106K | 106K |
| Retained Earnings | -68.49M | -53.59M | 463.01M | 310.31M | 122.96M | 3.55M | 194.35M | 157.38M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -29.2M | -30.75M | -28.84M | -20.78M | -18.45M | -11.87M | -19.98M | -16.28M |
| Minority Interest | 1.7M | 1.54M | 1.28M | 1.19M | 1.16M | 1.12M | 950K | 814K |
Automotive cyclicality and leverage
According to recent quarterly filings, Allegro's total equity has declined from $1.1 billion in 2024Q4 to $956.4 million by 2026Q4, reflecting a persistent erosion in retained earnings that warrants close monitoring as the company navigates a challenging automotive demand environment and ongoing operational integration costs.
The downward trend in equity suggests that the company is currently consuming capital to support its strategic initiatives and cover recent net losses. Investors should monitor whether this trajectory stabilizes as the company scales its newer sensor technologies or if further balance sheet contraction is required to sustain operations.
As reported in financial statements, Allegro's debt-to-equity ratio has fluctuated between 0.20 and 0.45 over the last ten quarters, with total debt standing at $287.3 million in 2026Q4, indicating a moderate leverage profile that remains sensitive to the company's ability to generate consistent free cash flow.
While the current debt levels appear manageable, the reliance on external financing to fund growth and acquisitions introduces interest rate sensitivity. The fluctuation in debt levels suggests that management is actively managing its capital structure to balance growth investments against the reality of cyclical automotive revenue streams.
Based on the company's reported figures, the current ratio stood at 3.45 in 2026Q4, providing a substantial liquidity buffer that appears adequate to cover short-term obligations despite the recent volatility in cash reserves, which decreased from $212.1 million in 2024Q4 to $168.8 million in the most recent period.
The high current ratio suggests that Allegro maintains a conservative approach to working capital, which is prudent given the inherent unpredictability of automotive supply chains. This liquidity position provides the company with necessary flexibility to navigate potential inventory corrections without immediate recourse to additional dilutive financing.
Analysis of the balance sheet reveals that retained earnings have shifted from a positive $463.0 million in 2024Q4 to a deficit of $68.5 million by 2026Q4, a trend that highlights the impact of recent net losses and potential non-cash charges on the company's long-term equity base.
This reversal in retained earnings is a critical indicator of the current profitability challenges facing the firm. It suggests that the company's recent growth investments and operational scaling have yet to translate into sustainable bottom-line performance, necessitating a focus on future margin expansion to restore equity value.
Quick answers to the most common questions about buying ALGM stock.
As of 2026, Allegro MicroSystems, Inc. (ALGM) had total assets of $1.42B including $503.6M in current assets.
Allegro MicroSystems, Inc. (ALGM) carries total debt of $287.3M, offset by $168.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Allegro MicroSystems, Inc. (ALGM) has total shareholders' equity (book value) of $956.4M ($5.17 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Allegro MicroSystems, Inc. (ALGM) reported a current ratio of 3.45x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.