Anheuser-Busch InBev SA/NV (BUD) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | 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 | Q2'16 | Q4'15 |
|---|
| Total Current Assets | 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 | 74.43B | 18.29B |
| Cash & Short-Term Investments | 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 | 62.03B | 6.98B |
| Cash Only | 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 | 6.05B | 6.92B |
| Short-Term Investments | 205M | 221M | 252M | 67M | 85M | 97M | 334M | 374M | 286M | 396M | 102M | 92M | 87M | 87M | 4M | 1.3B | 2.91B | 5.66B | 55.98B | 55M |
| Accounts Receivable | 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 | 6.53B | 3.3B |
| Days Sales Outstanding | 86.1 | 67.23 | 81.62 | 77.4 | 58.15 | 45.47 | 53.35 | 45.69 | 56.53 | 48.52 | 61.18 | 57.37 | 92.53 | 87.37 | 88.07 | 61.18 | 83.71 | 103.64 | 118.03 | 54.47 |
| Inventory | 5.47B | 5.02B | 5.57B | 5.58B | 6.84B | 6.53B | 6.11B | 5.28B | 5.36B | 4.39B | 4.26B | 4.32B | 4.66B | 4.11B | 4.2B | 4.02B | 4.28B | 3.82B | 3.28B | 2.76B |
| Days Inventory Outstanding | 152.36 | 137.52 | 151.42 | 147.04 | 184.41 | 176.14 | 174.35 | 158.93 | 178.29 | 152.09 | 171.13 | 151.54 | 170.82 | 149.25 | 150.32 | 136.91 | 146.32 | 142.41 | 149.7 | 118.82 |
| Other Current Assets | 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 | 2.58B | 4.69B |
| Total Non-Current Assets | 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 | 116.7B | 116.34B |
| Property, Plant & Equipment | 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 | 19.31B | 18.95B |
| Fixed Asset Turnover | 1.26x | 1.27x | 1.19x | 1.12x | 1.08x | 1.12x | 1.06x | 1.07x | 0.97x | 0.97x | 0.86x | 0.96x | 0.94x | 1.05x | 1.07x | 1.08x | 1.03x | 0.92x | 1.05x | 1.17x |
| Goodwill | 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 | 65.21B | 65.06B |
| Intangible Assets | 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 | 29.64B | 29.68B |
| Long-Term Investments | 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 | 335M | 260M |
| Other Non-Current Assets | 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 | 1B | 1.21B |
| Total Assets | 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 | 191.13B | 134.63B |
| Asset Turnover | 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 | 0.10x | 0.11x | 0.16x |
| Asset Growth % | 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% | 38.14% | -5.55% |
| Total Current Liabilities | 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 | 35.35B | 28.46B |
| Accounts Payable | 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 | 10.9B | 11.62B |
| Days Payables Outstanding | 617.46 | 438.58 | 590.46 | 466.92 | 629.55 | 501.81 | 649.43 | 535.69 | 756.8 | 550.65 | 489.78 | 556.65 | 533.14 | 563.15 | 488.44 | 519.29 | 447.1 | 524.02 | 497.1 | 500.28 |
| Short-Term Debt | 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 | 7.64B | 6.16B |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 1.51B | 0 | 0 | 51M | 982M | 27M | 19M | 21M | 33M | 32M | 37M | 30M | 49M | 52M | 26M | 49M |
| Other Current Liabilities | 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 | 12.05B | 6.64B |
| Current Ratio | 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 | 2.11x | 0.64x |
| Quick Ratio | 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 | 2.01x | 0.55x |
| Cash Conversion Cycle | -378.99 | -233.83 | -357.41 | -242.48 | -386.99 | -280.2 | -421.73 | -331.07 | -521.98 | -350.04 | -257.48 | -347.75 | -269.8 | -326.53 | -250.05 | -321.2 | -217.07 | -277.97 | -229.36 | -326.98 |
| Total Non-Current Liabilities | 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 | 118.05B | 60.46B |
| Long-Term Debt | 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 | 100.92B | 43.42B |
| Capital Lease Obligations | 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 | 120M | 122M |
| Deferred Tax Liabilities | 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 | 11.89B | 11.96B |
| Other Non-Current Liabilities | 3.32B | 2.83B | 3.21B | 3.47B | 15.47B | 15.4B | 16.64B | 16.73B | 12.53B | 20.23B | 12.06B | 12.82B | 20.26B | 18.74B | 20.23B | 20.75B | 23.19B | 6.22B | 17B | 16.92B |
| Total Liabilities | 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 | 153.39B | 88.92B |
| Total Debt | 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 | 108.69B | 49.47B |
| Net Debt | 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 | 102.64B | 42.54B |
| Debt / Equity | 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 | 2.88x | 1.08x |
| Debt / EBITDA | 4.49x | 8.93x | 11.73x | 10.78x | 13.70x | 10.12x | 14.45x | 13.95x | 13.97x | 12.72x | - | 9.88x | 11.00x | 18.92x | 15.84x | 12.80x | 16.88x | 21.76x | 28.68x | 6.82x |
| Net Debt / EBITDA | 4.07x | 7.55x | 10.63x | 9.36x | 12.54x | 8.87x | 13.23x | 12.06x | 12.93x | 10.76x | - | 9.19x | 10.20x | 17.70x | 14.76x | 11.65x | 15.84x | 20.24x | 27.08x | 5.86x |
| Interest Coverage | 3.91x | 2.72x | 4.89x | 2.14x | 5.70x | 5.58x | 2.16x | 2.17x | 2.01x | 1.28x | 1.92x | 2.24x | 2.27x | 2.43x | 2.33x | 2.52x | 2.03x | 1.82x | 2.73x | 5.30x |
| Total Equity | 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 | 37.74B | 45.72B |
| Equity Growth % | 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% | -26.64% | -15.74% |
| Book Value per Share | 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 | 22.98 | 27.86 |
| Total Shareholders' Equity | 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 | 33.89B | 42.14B |
| 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 | 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 | 32.59B | 35.95B |
| Treasury Stock | -4.16B | -3.89B | -4.16B | -3.46B | 0 | -3.71B | -3.81B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 17.83B | 16.19B | 19.77B | 23.74B | 18.84B | 15.22B | 17.76B | 15.43B | 17.65B | 17.8B | 13.1B | 24.88B | 21.05B | 19.06B | 23.14B | 24.84B | 26.48B | 23.77B | -18.05B | -13.17B |
| Minority Interest | 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 | 3.85B | 3.58B |