Anheuser-Busch InBev SA/NV (BUD) quarterly balance sheet — complete assets, liabilities & equity history
Anheuser-Busch InBev SA/NV (BUD) balance sheet — 24-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 | Q4'21 | Q2'21 | Q4'20 | Q2'20 | Q4'19 | Q2'19 | Q4'18 | Q2'18 | Q4'17 | Q2'17 | Q4'16 |
|---|
| Total Current Assets | 22.24B | 24.77B | 21.21B | 23B | 21.03B | 23.37B | 21.48B | 23.19B | 20.72B | 23.95B | 19.5B | 26.52B | 36.22B | 28.81B | 20.06B | 18.28B | 20.44B | 23.96B | 30.48B | 43.06B |
| Cash & Short-Term Investments | 7.91B | 11.94B | 7.27B | 11.39B | 7.64B | 10.4B | 6.93B | 10B | 7.36B | 12.39B | 7.08B | 15.56B | 25.12B | 7.33B | 8.27B | 7.16B | 7.97B | 11.78B | 10.32B | 14.24B |
| Cash Only | 7.55B | 11.64B | 7.06B | 11.17B | 7.39B | 10.33B | 6.85B | 9.9B | 7.03B | 12.02B | 6.79B | 15.17B | 25.02B | 7.24B | 8.18B | 7.07B | 7.97B | 10.47B | 7.41B | 8.58B |
| Short-Term Investments | 353M | 306M | 205M | 221M | 252M | 67M | 85M | 97M | 334M | 374M | 286M | 396M | 102M | 92M | 87M | 87M | 4M | 1.3B | 2.91B | 5.66B |
| Accounts Receivable | 7.25B | 6.38B | 7.08B | 5.5B | 6.68B | 6.37B | 4.67B | 3.71B | 4.1B | 3.56B | 4B | 3.4B | 3.57B | 4.17B | 6.55B | 6.5B | 6.54B | 4.92B | 6.22B | 7.19B |
| Days Sales Outstanding | 19.48 | 20.06 | 19.13 | 18.6 | 19.93 | 16.77 | 13.03 | 11.96 | 12.47 | 12.12 | 13.07 | 12.43 | 16.57 | 18.44 | 23.06 | 21.91 | 19.29 | 17.31 | 22.56 | 24.73 |
| Inventory | 5.53B | 5.11B | 5.47B | 5.02B | 5.57B | 5.58B | 6.84B | 6.53B | 6.11B | 5.28B | 5.36B | 4.48B | 4.26B | 4.32B | 4.66B | 4.11B | 4.2B | 4.02B | 4.28B | 3.82B |
| Days Inventory Outstanding | 35.41 | 35.75 | 36.51 | 36.25 | 37.91 | 40.89 | 45.05 | 42.63 | 40.65 | 40 | 40.94 | 37.87 | 43.07 | 39.36 | 40.2 | 37.72 | 36.77 | 35.34 | 34.64 | 33.08 |
| Other Current Assets | 783M | 772M | 607M | 586M | 499M | 539M | 2.52B | 2.39B | 2.62B | 2.17B | 2.62B | 2.63B | 2.77B | 12.33B | 586M | 54M | 1.73B | 2.72B | 9.66B | 17.41B |
| Total Non-Current Assets | 196.14B | 194.04B | 189.89B | 183.64B | 189.69B | 195.97B | 194.87B | 189.76B | 191.68B | 193.68B | 197.97B | 199.89B | 189.23B | 207.83B | 217.28B | 213.82B | 216.95B | 222.17B | 221.46B | 215.32B |
| Property, Plant & Equipment | 23B | 23.66B | 23.86B | 23.5B | 25.09B | 26.82B | 27.18B | 26.67B | 26.32B | 26.68B | 26.62B | 26.42B | 24.72B | 27.54B | 27.52B | 25.91B | 25.45B | 27.18B | 26.37B | 27.52B |
| Fixed Asset Turnover | 1.37x | 1.29x | 1.27x | 1.23x | 1.15x | 1.11x | 1.09x | 1.12x | 1.06x | 1.07x | 0.97x | 1.00x | 0.82x | 0.96x | 0.97x | 1.06x | 1.03x | 1.10x | 1.01x | 1.08x |
| Goodwill | 119.95B | 117.91B | 114.78B | 110.48B | 113.45B | 117.04B | 116.17B | 113.01B | 115.39B | 115.8B | 119.17B | 120.97B | 115.08B | 128.11B | 134.75B | 133.31B | 136.75B | 140.94B | 141.69B | 136.53B |
| Intangible Assets | 42.27B | 41.98B | 41.1B | 40.03B | 40.7B | 41.29B | 40.97B | 40.21B | 40.42B | 40.43B | 41.07B | 41.53B | 40.05B | 42.45B | 45.2B | 44.83B | 45.39B | 45.87B | 45.92B | 44.57B |
| Long-Term Investments | 5.23B | 7.18B | 5.03B | 4.78B | 5.05B | 5.05B | 4.91B | 4.83B | 4.7B | 6.04B | 6.15B | 6.28B | 5.9B | 5.97B | 6.11B | 6.24B | 6.43B | 5.36B | 4.99B | 4.41B |
| Other Non-Current Assets | 2.93B | 595M | 2.4B | 2.35B | 2.63B | 2.84B | 2.8B | 2.73B | 2.61B | 2.77B | 2.86B | 2.67B | 1.53B | 2.03B | 1.88B | 2.07B | 1.33B | 1.59B | 970M | 1.03B |
| Total Assets | 218.38B | 218.81B | 211.11B | 206.64B | 210.72B | 219.34B | 216.35B | 212.94B | 212.4B | 217.63B | 217.47B | 226.41B | 225.45B | 236.65B | 237.34B | 232.1B | 237.4B | 246.13B | 251.94B | 258.38B |
| Asset Turnover | 0.15x | 0.14x | 0.14x | 0.14x | 0.14x | 0.14x | 0.14x | 0.14x | 0.13x | 0.13x | 0.12x | 0.11x | 0.09x | 0.11x | 0.11x | 0.12x | 0.11x | 0.12x | 0.11x | 0.11x |
| Asset Growth % | 3.45% | 5.89% | 0.18% | -5.79% | -2.6% | 3% | 1.86% | -2.15% | -2.33% | -3.88% | -3.54% | -4.33% | -5.01% | 1.96% | -0.03% | -5.7% | -5.77% | -4.74% | 31.82% | 91.91% |
| Total Current Liabilities | 33.48B | 34.48B | 33.01B | 33.07B | 30.57B | 37.16B | 33.77B | 34.38B | 30.89B | 34.18B | 30.07B | 32.35B | 31.02B | 34.84B | 37.28B | 34.46B | 30.65B | 36.21B | 36.99B | 40.12B |
| Accounts Payable | 24.61B | 25.45B | 22.19B | 16.01B | 21.71B | 17.73B | 23.35B | 18.59B | 22.75B | 17.81B | 22.73B | 15.9B | 12.21B | 15.88B | 14.54B | 15.51B | 13.65B | 15.24B | 13.07B | 14.07B |
| Days Payables Outstanding | 166.69 | 160.97 | 132.87 | 129.16 | 134.09 | 135.23 | 141.35 | 139.49 | 144.74 | 152.43 | 160.76 | 121.68 | 140.85 | 133.3 | 137.75 | 132.32 | 129.24 | 120.6 | 116.03 | 116.23 |
| Short-Term Debt | 2.78B | 899M | 3.01B | 893M | 1.61B | 3.3B | 2.06B | 775M | 945M | 1.11B | 1.03B | 2.95B | 6.29B | 5.18B | 10.69B | 4.29B | 6.02B | 8.54B | 11.46B | 8.78B |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 51M | 0 | 27M | 19M | 21M | 33M | 32M | 37M | 30M | 49M | 52M |
| Other Current Liabilities | 4.23B | 6.26B | 5.83B | 6.08B | 5.46B | 8.39B | 7.7B | 7.76B | 6.73B | 8.09B | 5.86B | 7.04B | 6.33B | 7.22B | 5.58B | 8.01B | 5.2B | 5.36B | 6.41B | 5.95B |
| Current Ratio | 0.66x | 0.72x | 0.64x | 0.70x | 0.69x | 0.63x | 0.64x | 0.67x | 0.67x | 0.70x | 0.65x | 0.82x | 1.17x | 0.83x | 0.54x | 0.53x | 0.67x | 0.66x | 0.82x | 1.07x |
| Quick Ratio | 0.50x | 0.57x | 0.48x | 0.54x | 0.51x | 0.48x | 0.43x | 0.48x | 0.47x | 0.55x | 0.47x | 0.68x | 1.03x | 0.70x | 0.41x | 0.41x | 0.53x | 0.55x | 0.71x | 0.98x |
| Cash Conversion Cycle | -111.8 | -105.16 | -77.23 | -74.3 | -76.24 | -77.56 | -83.27 | -84.9 | -91.62 | -100.3 | -106.75 | -71.38 | -81.21 | -75.5 | -74.5 | -72.7 | -73.19 | -67.95 | -58.84 | -58.42 |
| Total Non-Current Liabilities | 83.72B | 86.6B | 86.68B | 84.87B | 90.91B | 89.51B | 93.8B | 94.28B | 98.75B | 104.1B | 107.84B | 115.71B | 126.08B | 117.25B | 121.93B | 125.74B | 131.18B | 129.69B | 131.47B | 136.84B |
| Long-Term Debt | 67.3B | 72.13B | 70.23B | 68.97B | 74.07B | 72.04B | 76.29B | 76.92B | 80.26B | 85.54B | 87.41B | 93.64B | 104.35B | 95.87B | 99.97B | 105.42B | 110.77B | 108.76B | 108.09B | 113.73B |
| Capital Lease Obligations | 1.61B | 0 | 1.75B | 1.75B | 1.88B | 2.13B | 2.03B | 1.96B | 1.86B | 1.83B | 1.93B | 1.84B | 1.69B | 1.69B | 1.71B | 1.57B | 175M | 186M | 195M | 208M |
| Deferred Tax Liabilities | 11.56B | 11.4B | 11.38B | 11.32B | 11.76B | 11.87B | 12B | 11.82B | 12.07B | 12.2B | 12.53B | 12.63B | 12.06B | 12.82B | 13.4B | 13.16B | 13.26B | 13.11B | 16.9B | 16.68B |
| Other Non-Current Liabilities | 3.25B | 3.07B | 3.32B | 2.83B | 3.21B | 3.47B | 0 | 3.58B | 4.57B | 4.53B | 0 | 0 | 0 | 0 | 6.86B | 18.74B | 20.23B | 20.75B | 23.19B | 6.22B |
| Total Liabilities | 117.2B | 121.07B | 119.69B | 117.94B | 121.48B | 126.66B | 127.57B | 128.66B | 129.65B | 138.29B | 137.91B | 148.06B | 157.1B | 152.09B | 159.2B | 160.2B | 161.83B | 165.91B | 168.46B | 176.96B |
| Total Debt | 72.32B | 73.03B | 75.58B | 72.17B | 78.2B | 78.17B | 80.9B | 79.99B | 83.43B | 88.83B | 90.64B | 98.56B | 112.67B | 103.04B | 112.74B | 109.91B | 117B | 116.5B | 119.77B | 122.74B |
| Net Debt | 64.76B | 61.39B | 68.52B | 61B | 70.9B | 67.84B | 74.05B | 70.09B | 76.41B | 76.81B | 83.85B | 83.4B | 87.65B | 95.8B | 104.56B | 102.84B | 109.03B | 106.03B | 112.36B | 114.16B |
| Debt / Equity | 0.71x | 0.75x | 0.83x | 0.81x | 0.88x | 0.84x | 0.91x | 0.95x | 1.01x | 1.12x | 1.14x | 1.26x | 1.65x | 1.22x | 1.44x | 1.53x | 1.55x | 1.45x | 1.43x | 1.51x |
| Debt / EBITDA | 6.32x | 6.72x | 4.49x | 6.63x | 7.72x | 7.50x | 8.46x | 7.65x | 8.98x | 9.48x | 10.26x | 12.72x | - | 9.88x | 11.00x | 18.92x | 15.84x | 12.80x | 16.88x | 21.76x |
| Net Debt / EBITDA | 5.66x | 5.65x | 4.07x | 5.61x | 7.00x | 6.51x | 7.74x | 6.71x | 8.23x | 8.20x | 9.50x | 10.76x | - | 9.19x | 10.20x | 17.70x | 14.76x | 11.65x | 15.84x | 20.24x |
| Interest Coverage | 4.56x | 3.37x | 2.06x | 2.76x | 4.32x | 2.88x | 2.63x | 3.32x | 2.60x | 2.91x | 2.95x | 2.20x | -0.77x | 2.89x | 2.84x | 1.66x | 2.11x | 2.46x | 1.86x | 1.48x |
| Total Equity | 101.19B | 97.74B | 91.41B | 88.7B | 89.24B | 92.68B | 88.78B | 84.28B | 82.75B | 79.34B | 79.56B | 78.35B | 68.35B | 84.55B | 78.13B | 71.9B | 75.56B | 80.22B | 83.48B | 81.42B |
| Equity Growth % | 10.69% | 10.19% | 2.43% | -4.29% | 0.52% | 9.96% | 7.29% | 6.22% | 4.01% | 1.26% | 16.41% | -7.33% | -12.52% | 17.59% | 3.4% | -10.37% | -9.48% | -1.48% | 121.21% | 78.1% |
| Book Value per Share | 51.16 | 49.42 | 45.84 | 44.28 | 43.68 | 45.97 | 44.02 | 41.89 | 41.13 | 39.55 | 39.66 | 39.49 | 34.67 | 43.15 | 39.46 | 36.33 | 38.36 | 40.64 | 42.38 | 41.33 |
| Total Shareholders' Equity | 93.5B | 87.29B | 80.67B | 78.24B | 78.52B | 81.85B | 77.46B | 73.4B | 71.55B | 68.67B | 68.6B | 68.02B | 60.06B | 75.72B | 70.23B | 64.49B | 68.51B | 72.58B | 72.71B | 71.34B |
| Common Stock | 1.74B | 1.74B | 1.74B | 1.74B | 1.74B | 1.74B | 1.74B | 1.74B | 1.74B | 1.74B | 1.74B | 1.74B | 1.74B | 1.74B | 1.74B | 1.74B | 1.74B | 1.74B | 1.74B | 1.74B |
| Retained Earnings | 51.69B | 50.13B | 47.64B | 46.58B | 43.54B | 42.22B | 39.27B | 38.82B | 34.44B | 33.88B | 31.59B | 30.87B | 27.61B | 31.48B | 29.83B | 26.07B | 26.02B | 28.39B | 26.88B | 28.21B |
| Treasury Stock | -3.52B | -5.08B | -4.16B | -3.89B | -4.16B | -3.46B | -3.39B | -3.71B | -3.81B | -3.99B | -4.2B | 0 | -5.03B | 0 | -6.27B | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 25.98B | 22.89B | 17.83B | 16.19B | 19.77B | 23.74B | 22.23B | 18.93B | 21.57B | 19.43B | 21.85B | 17.8B | 18.14B | 24.88B | 27.32B | 19.06B | 23.14B | 24.84B | 26.48B | 23.77B |
| Minority Interest | 7.68B | 10.45B | 10.74B | 10.46B | 10.72B | 10.83B | 11.32B | 10.88B | 11.2B | 10.67B | 10.96B | 10.33B | 8.28B | 8.83B | 7.9B | 7.42B | 7.05B | 7.63B | 10.77B | 10.09B |