The company has aggressively deleveraged, reducing total debt from $4.0 billion in 2023Q4 to $1.2 billion in 2026Q1, while simultaneously writing down goodwill from $4.7 billion to $1.6 billion.
| Total Current Assets | 274.06M | 144.79M | 1.34B | 1.4B | 1.72B | 1.6B | 2.63B | 1.57B | 1.81B | 1.48B | 1.57B | 1.67B | 1.39B |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | 253.64M | 113.4M | 144M | 150M | 273M | 156M | 1.27B | 285M | 580M | 352M | 586M | 715M | 211.51M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 3M | 0 | 17M | 50M | 0 | 0 | 0 |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Inventory | 0 | 0 | 179M | 199M | 261M | 173M | 146M | 162M | 142M | 138M | 138M | 149M | 267.07M |
| Days Inventory Outstanding | 23.26 | - | 40.08 | 42.03 | 48.33 | 33.09 | 29.72 | 33.14 | 28.97 | 27.94 | 27.36 | 29.75 | 49.66 |
| Other Current Assets | 3.81M | 6.51M | 21M | 36M | 45M | 49M | 226M | 129M | 80M | 62M | 82M | 99M | 357M |
| Total Non-Current Assets | 3.69B | 4.8B | 9.1B | 9.35B | 9.4B | 8.74B | 7.06B | 6.59B | 5.46B | 5.36B | 5.54B | 5.39B | 5.08B |
| Property, Plant & Equipment | 860.11M | 861.99M | 3.43B | 3.49B | 3.54B | 3.56B | 3.39B | 3.11B | 2.2B | 2.32B | 2.47B | 2.65B | 2.73B |
| Fixed Asset Turnover | 0.74x | 0.19x | 1.10x | 1.12x | 1.18x | 1.16x | 1.19x | 1.29x | 1.80x | 1.68x | 1.62x | 1.52x | 1.43x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 370M | 370M | 370.15M |
| Intangible Assets | 1.64B | 1.64B | 4.58B | 4.69B | 4.69B | 4.09B | 2.63B | 2.47B | 2.19B | 2.22B | 1.89B | 1.83B | 1.44B |
| Long-Term Investments | 1.74B | 412.61M | 454M | 461M | 452M | 439M | 435M | 447M | 441M | 415M | 413M | 363M | 283.01M |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 3.96B | 4.94B | 10.45B | 10.75B | 11.12B | 10.34B | 9.68B | 8.16B | 7.27B | 6.84B | 7.11B | 7.06B | 6.46B |
| Asset Turnover | 0.18x | 0.03x | 0.36x | 0.36x | 0.37x | 0.40x | 0.42x | 0.49x | 0.55x | 0.57x | 0.56x | 0.57x | 0.60x |
| Asset Growth % | -170.14% | -52.7% | -2.8% | -3.32% | 7.52% | 6.82% | 18.58% | 12.24% | 6.33% | -3.78% | 0.71% | 9.25% | - |
| Total Current Liabilities | 265.6M | 199.99M | 884M | 901M | 1.2B | 903M | 872M | 750M | 692M | 733M | 718M | 748M | 877.83M |
| Accounts Payable | 26.12M | 38.4M | 232M | 241M | 344M | 346M | 387M | 304M | 313M | 310M | 321M | 285M | 316.62M |
| Days Payables Outstanding | 60.36 | 109.7 | 51.95 | 50.91 | 63.7 | 66.19 | 78.78 | 62.2 | 63.86 | 62.76 | 63.64 | 56.91 | 58.87 |
| Short-Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue (Current) | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 34.51M | 121.03M | 211M | 237M | 419M | 187M | 230M | 198M | 219M | 270M | 256M | 308M | 399.7M |
| Current Ratio | 1.03x | 0.72x | 1.52x | 1.55x | 1.44x | 1.78x | 3.01x | 2.10x | 2.62x | 2.02x | 2.18x | 2.24x | 1.58x |
| Quick Ratio | 1.03x | 0.72x | 1.32x | 1.33x | 1.22x | 1.59x | 2.84x | 1.88x | 2.41x | 1.83x | 1.99x | 2.04x | 1.27x |
| Cash Conversion Cycle | -37.1 | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 1.83B | 2.17B | 4.96B | 5.2B | 5.34B | 4.86B | 4.37B | 3.19B | 2.5B | 2.42B | 2.75B | 2.74B | 2.27B |
| Long-Term Debt | 668.5M | 1.18B | 2.84B | 3.04B | 3.19B | 2.73B | 2.49B | 1.5B | 1.6B | 1.62B | 1.62B | 1.63B | 1.12B |
| Capital Lease Obligations | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 2.1B | 2.37B | 5.84B | 6.1B | 6.54B | 5.77B | 5.25B | 3.94B | 3.2B | 3.15B | 3.46B | 3.49B | 3.15B |
| Total Debt | 1.2B | 1.71B | 3.82B | 4.03B | 4.18B | 3.75B | 3.48B | 2.48B | 1.62B | 1.64B | 1.63B | 1.64B | 1.13B |
| Net Debt | 948.23M | 1.6B | 3.68B | 3.88B | 3.9B | 3.59B | 2.21B | 2.19B | 1.04B | 1.29B | 1.04B | 925M | 915.39M |
| Debt / Equity | 0.64x | 0.66x | 0.83x | 0.87x | 0.91x | 0.82x | 0.78x | 0.59x | 0.40x | 0.44x | 0.45x | 0.46x | 0.34x |
| Debt / EBITDA | 4.94x | - | 5.85x | 5.07x | 5.43x | 4.42x | 4.07x | 3.05x | 2.04x | 5.27x | 2.45x | 1.72x | 2.43x |
| Net Debt / EBITDA | 3.90x | - | 5.63x | 4.88x | 5.08x | 4.24x | 2.58x | 2.70x | 1.31x | 4.14x | 1.57x | 0.97x | 1.98x |
| Interest Coverage | - | 6.00x | 0.88x | 1.57x | 1.44x | 2.03x | 1.86x | 1.40x | 1.49x | 0.57x | 0.48x | 1.21x | -5.96x |
| Total Equity | 1.87B | 2.57B | 4.61B | 4.65B | 4.58B | 4.57B | 4.44B | 4.22B | 4.08B | 3.69B | 3.65B | 3.57B | 3.31B |
| Equity Growth % | -150.34% | -44.13% | -0.99% | 1.57% | 0.17% | 3.11% | 5.09% | 3.51% | 10.57% | 1.15% | 2.07% | 7.79% | - |
| Book Value per Share | 21.56 | 29.49 | 53.58 | 53.49 | 53.28 | 52.57 | 50.99 | 47.97 | 46.87 | 42.88 | 42.89 | 42.02 | 39.45 |
| Total Shareholders' Equity | 1.86B | 2.57B | 4.58B | 4.63B | 4.55B | 4.55B | 4.41B | 4.2B | 4.06B | 3.68B | 3.63B | 3.56B | 3.3B |
| Common Stock | 88.07M | 88.07M | 88M | 88M | 88M | 88M | 88M | 88M | 88M | 88M | 88M | 88M | 88.07M |
| Retained Earnings | 59.26M | 769.79M | 2.82B | 2.89B | 2.86B | 2.85B | 2.74B | 2.55B | 2.44B | 2.16B | 2.16B | 2.13B | 1.91B |
| Treasury Stock | -84.13M | -85.61M | -112M | -80M | -98M | -68M | -67M | -70M | -65M | -120M | -136M | -157M | -169.14M |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 6.16M | 6.93M | 31M | 28M | 28M | 27M | 25M | 24M | 21M | 11M | 12M | 11M | 11.76M |
Asset Divestiture Structural Pivot
As reported in recent financial filings, total assets plummeted from $10.8 billion in 2023Q4 to $4.0 billion by 2026Q1, reflecting a fundamental shift in the company's scale as it sheds legacy wireless operations to focus exclusively on its core digital infrastructure and tower asset portfolio.
The significant reduction in the asset base suggests that the company is effectively liquidating its former business model to re-emerge as a leaner infrastructure entity. Investors should monitor whether this smaller asset base can generate sufficient returns to justify the remaining corporate overhead and debt obligations.
Based on the latest quarterly data, the company's total debt decreased from $4.0 billion in 2023Q4 to $1.2 billion in 2026Q1, indicating a strategic deleveraging effort that has successfully lowered the debt-to-equity ratio from 0.87 to 0.64 over the same period.
While the reduction in absolute debt levels appears positive, the company's ability to service these obligations remains tied to the cash-generating capacity of its remaining tower assets. The shift in leverage suggests management is prioritizing balance sheet stability during this transition, though refinancing risks may persist if cash flow from operations fails to stabilize.
According to the balance sheet, goodwill has been written down from $4.7 billion in 2024Q1 to $1.6 billion in 2026Q1, signaling a major impairment or disposal of intangible assets associated with the company's legacy wireless business and a pivot toward tangible tower infrastructure.
The reduction in goodwill suggests that the company is purging historical acquisition premiums that no longer align with its current infrastructure-focused strategy. The remaining PPE net of $860.1 million now represents the primary value driver, and its future performance will depend on the company's ability to increase tenancy ratios on these physical assets.
As indicated by the most recent quarterly reports, the current ratio has fluctuated significantly, settling at 1.03 in 2026Q1, which suggests a tightening of short-term liquidity as the company navigates the final stages of its operational restructuring and asset divestiture process.
A current ratio near parity implies limited room for error in managing working capital requirements during this transition. Investors should monitor whether the current cash position of $253.6 million is sufficient to cover ongoing maintenance CapEx and debt service requirements without further reliance on non-recurring asset sale proceeds.
Quick answers to the most common questions about buying UZD stock.
As of 2025, Array Digital Infrastructure, Inc. 6.250% Senior Notes due 2069 (UZD) had total assets of $4.94B including $144.8M in current assets.
Array Digital Infrastructure, Inc. 6.250% Senior Notes due 2069 (UZD) carries total debt of $1.71B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Array Digital Infrastructure, Inc. 6.250% Senior Notes due 2069 (UZD) has total shareholders' equity (book value) of $2.57B ($29.49 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Array Digital Infrastructure, Inc. 6.250% Senior Notes due 2069 (UZD) reported a current ratio of 0.72x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.