The company maintains a robust liquidity position with a current ratio of 6.00 as of 2026Q4, supported by an equity base that has grown to $8.3 billion.
| Total Current Assets | 6.24B | 4.83B | 4.2B | 3.54B | 3.09B |
| Cash & Short-Term Investments | 3.6B | 2.83B | 2.92B | 2.21B | 1.64B |
| Cash Only | 2.75B | 2.08B | 1.92B | 1.55B | 1B |
| Short-Term Investments | 850M | 740M | 1B | 661M | 631M |
| Accounts Receivable | 2.28B | 1.9B | 1.13B | 1.17B | 1.29B |
| Days Sales Outstanding | 168.92 | 172.89 | 127.46 | 158.73 | 174.2 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - |
| Other Current Assets | 358M | 0 | 145M | 157M | 167M |
| Total Non-Current Assets | 4.47B | 4.1B | 3.73B | 3.33B | 3.42B |
| Property, Plant & Equipment | 1.15B | 714M | 420M | 391M | 417M |
| Fixed Asset Turnover | 4.27x | 5.61x | 7.70x | 6.85x | 6.48x |
| Goodwill | 1.62B | 1.62B | 1.63B | 1.62B | 1.64B |
| Intangible Assets | 230M | 151M | 152M | 138M | 205M |
| Long-Term Investments | 387M | 962.8M | 773.4M | 753.9M | 765M |
| Other Non-Current Assets | 701M | 253.2M | 477.6M | 287.1M | 260M |
| Total Assets | 10.7B | 8.93B | 7.93B | 6.87B | 6.51B |
| Asset Turnover | 0.46x | 0.45x | 0.41x | 0.39x | 0.42x |
| Asset Growth % | 19.83% | 12.68% | 15.45% | 5.47% | - |
| Total Current Liabilities | 1.04B | 929M | 1.5B | 1.36B | 1.4B |
| Accounts Payable | 0 | 63M | 26M | 65M | 57M |
| Days Payables Outstanding | - | 111.63 | 40.56 | 121.67 | 94.57 |
| Short-Term Debt | 39M | 40M | 32M | 26M | 31M |
| Deferred Revenue (Current) | 294M | 209M | 198M | 293M | 334M |
| Other Current Liabilities | 447M | 153M | 130M | 228M | 202M |
| Current Ratio | 6.00x | 5.20x | 2.79x | 2.60x | 2.22x |
| Quick Ratio | 6.00x | 5.20x | 2.79x | 2.60x | 2.22x |
| Cash Conversion Cycle | - | - | - | - | - |
| Total Non-Current Liabilities | 1.38B | 1.16B | 1.13B | 1.45B | 1.57B |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 393M | 316M | 194M | 193M | 230M |
| Deferred Tax Liabilities | 39M | 42.6M | 150.5M | 262M | 279M |
| Other Non-Current Liabilities | 193M | 103.4M | 65.5M | 190M | 266M |
| Total Liabilities | 2.42B | 2.09B | 2.63B | 2.81B | 2.96B |
| Total Debt | 432M | 356M | 226M | 219M | 261M |
| Net Debt | -2.32B | -1.73B | -1.7B | -1.33B | -743M |
| Debt / Equity | 0.05x | 0.05x | 0.04x | 0.05x | 0.07x |
| Debt / EBITDA | 0.37x | 0.35x | 0.87x | 0.26x | 0.30x |
| Net Debt / EBITDA | -2.00x | -1.71x | -6.50x | -1.57x | -0.87x |
| Interest Coverage | - | - | - | - | - |
| Total Equity | 8.29B | 6.84B | 5.29B | 4.05B | 3.55B |
| Equity Growth % | 21.16% | 29.16% | 30.71% | 14.18% | - |
| Book Value per Share | 7.76 | 6.43 | 5.07 | 3.95 | 3.46 |
| Total Shareholders' Equity | 8.29B | 6.84B | 5.29B | 4.05B | 3.55B |
| Common Stock | 2M | 2M | 2M | 2M | 2M |
| Retained Earnings | 4.45B | 3.54B | 2.75B | 2.46B | 1.93B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 370M | 372M | 371M | 376M | 399M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
Geopolitical and licensing concentration
As reported in recent financial statements, ARM's total assets have grown from $7.1 billion in 2024Q3 to $10.7 billion by 2026Q4, reflecting a consistent expansion of the balance sheet that appears driven by both organic capital accumulation and strategic investments in intellectual property and infrastructure.
The steady increase in total assets suggests that the company is successfully scaling its operational footprint to support the transition to the ARMv9 architecture. Investors should monitor whether this asset growth continues to translate into proportional revenue gains or if it indicates a shift toward a more capital-intensive business model.
Based on the latest quarterly filings, ARM maintains a current ratio of 6.00 as of 2026Q4, which represents a significant liquidity cushion that appears more than adequate to cover short-term obligations and provide a buffer against the inherent volatility of the semiconductor licensing cycle.
The high current ratio suggests a conservative approach to liquidity management, which is prudent given the company's reliance on lumpy licensing revenue and geopolitical exposure. This strong cash position provides management with the flexibility to continue aggressive R&D spending without needing to access external capital markets.
According to the provided balance sheet data, equity has expanded from $5.0 billion in 2024Q3 to $8.3 billion in 2026Q4, primarily driven by the consistent growth of retained earnings, which reached $4.4 billion by the end of the most recent quarter.
The growth in retained earnings indicates that the company is successfully generating internal capital to fund its operations and R&D initiatives. This trend suggests a strengthening equity base, although the impact of ongoing stock-based compensation on shareholder dilution warrants continued scrutiny by fundamental analysts.
As reported in financial disclosures, ARM carries $1.6 billion in goodwill on its balance sheet, a figure that has remained static since 2024Q3 and represents a non-trivial portion of total assets that could be subject to impairment if the competitive landscape for IP licensing shifts.
While the current valuation of goodwill appears stable, any significant disruption to the ARM ecosystem or a loss of market share to open-source alternatives like RISC-V could necessitate a re-evaluation of these intangible assets. Investors should remain cautious regarding the potential for future write-downs if the company's architectural dominance faces unexpected headwinds.
Quick answers to the most common questions about buying ARM stock.
As of 2026, Arm Holdings plc American Depositary Shares (ARM) had total assets of $10.70B including $6.24B in current assets.
Arm Holdings plc American Depositary Shares (ARM) carries total debt of $432.0M, offset by $3.60B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Arm Holdings plc American Depositary Shares (ARM) has total shareholders' equity (book value) of $8.29B ($7.76 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Arm Holdings plc American Depositary Shares (ARM) reported a current ratio of 6.00x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.