Cosan S.A. (CSAN) quarterly balance sheet — complete assets, liabilities & equity history
Cosan S.A. (CSAN) balance sheet — 21-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 31.5B | 31.91B | 40.09B | 26.89B | 26.88B | 28.05B | 30.77B | 31.53B | 33.56B | 31.65B | 6.06B | 5.62B | 5.81B | 4.72B | 4.84B | 6.52B | 4.97B | 5.09B | 27.29B | 4.94B |
| Cash & Short-Term Investments | 18.86B | 21.74B | 30.17B | 16.36B | 16.51B | 17.87B | 20.18B | 19.53B | 21.1B | 20.59B | 3.72B | 3.91B | 3.98B | 2.89B | 2.98B | 4.54B | 3.19B | 3.46B | 21.04B | 3.6B |
| Cash Only | 13.37B | 17.46B | 27.24B | 12.9B | 13.53B | 14.81B | 16.9B | 14.63B | 17.24B | 16.4B | 3.02B | 3.01B | 3.27B | 2.25B | 2.52B | 2.87B | 2.43B | 2.54B | 16.17B | 2.87B |
| Short-Term Investments | 5.48B | 4.28B | 2.93B | 3.47B | 2.98B | 3.06B | 3.27B | 4.9B | 3.86B | 4.19B | 701.57M | 900.05M | 716.54M | 643.72M | 458.82M | 1.67B | 759.25M | 913.62M | 4.86B | 730.8M |
| Accounts Receivable | 6.91B | 6.73B | 5.94B | 6B | 6.04B | 6.39B | 3.88B | 6.14B | 6.44B | 5.94B | 1.13B | 1.07B | 1.22B | 1.18B | 1.15B | 1.22B | 1.2B | 1.17B | 4.56B | 889.67M |
| Days Sales Outstanding | 57.61 | 63.18 | 57.17 | 51.97 | 53.99 | 47.82 | 39.17 | 49.68 | 52.65 | 32.66 | 10.55 | 10.24 | 10.9 | 56.6 | 10.13 | 9.69 | 11.29 | 32.66 | 37.16 | 12.02 |
| Inventory | 2.33B | 1.9B | 1.97B | 2.11B | 2.1B | 2.04B | 2.07B | 2.23B | 2.15B | 1.95B | 369.05M | 373.61M | 366M | 378.02M | 354.01M | 341.53M | 322.63M | 220.68M | 1.15B | 223.04M |
| Days Inventory Outstanding | 28.53 | 29.27 | 28.31 | 27.97 | 27.41 | 27.26 | 23.67 | 25.78 | 26.08 | 15.2 | 4.66 | 4.82 | 4.68 | 23.83 | 3.73 | 3.51 | 3.4 | 9.96 | 11.89 | 4.06 |
| Other Current Assets | 3.4B | 1.53B | 2B | 2.41B | 2.22B | 1.75B | 4.64B | 3.63B | 3.88B | 3.18B | 839.84M | 262.26M | 233.99M | 262.95M | 364.62M | 419.79M | 253.92M | 241.05M | 543.54M | 232.01M |
| Total Non-Current Assets | 95B | 95.08B | 95.03B | 98.85B | 99.15B | 99.43B | 110.49B | 113.3B | 109.79B | 111.33B | 22.74B | 21.92B | 22.19B | 21.31B | 20.63B | 14.42B | 14.45B | 15.11B | 70.55B | 11.73B |
| Property, Plant & Equipment | 38.9B | 37.6B | 36.46B | 35.03B | 33.95B | 33.36B | 32.98B | 23.92B | 22.78B | 22.84B | 6.33B | 5.98B | 5.73B | 5.39B | 5.11B | 4.89B | 5.02B | 5.32B | 24.6B | 4.36B |
| Fixed Asset Turnover | 0.28x | 0.24x | 0.27x | 0.31x | 0.31x | 0.29x | 0.41x | 0.50x | 0.47x | 0.67x | 1.55x | 1.76x | 1.81x | 0.35x | 2.15x | 2.32x | 1.85x | 0.53x | 0.47x | 1.53x |
| Goodwill | 1.72B | 1.73B | 1.76B | 1.7B | 1.73B | 1.76B | 1.59B | 1.49B | 1.49B | 1.41B | 286.56M | 281.38M | 287.97M | 280.18M | 276.54M | 336.84M | 364.69M | 313.15M | 1.13B | 206.37M |
| Intangible Assets | 24.86B | 24.87B | 24.94B | 24.78B | 24.74B | 24.83B | 24.75B | 31.87B | 21.61B | 29.77B | 4.38B | 4.2B | 4.35B | 4.14B | 3.91B | 3.7B | 3.93B | 4.06B | 16.65B | 3.05B |
| Long-Term Investments | 22.89B | 2.25B | 2.58B | 10.39B | 11.46B | 11.96B | 21.34B | 27.32B | 48.02B | 29.21B | 10.39B | 9.96B | 10.28B | 10.22B | 10.16B | 4.39B | 4.07B | 4.41B | 12.12B | 3.27B |
| Other Non-Current Assets | 3.67B | 25.87B | 25.58B | 23.34B | 23.78B | 23.77B | 29.85B | 22.03B | 9.22B | 22.1B | 366.8M | 362.49M | 377.22M | 364.78M | 324.19M | 332.58M | 353.16M | 371.26M | 13B | 396.34M |
| Total Assets | 126.5B | 126.99B | 135.12B | 125.74B | 126.04B | 127.49B | 141.27B | 144.83B | 143.35B | 142.98B | 28.79B | 27.54B | 27.99B | 26.03B | 25.47B | 20.94B | 19.42B | 20.2B | 97.84B | 16.68B |
| Asset Turnover | 0.09x | 0.07x | 0.07x | 0.08x | 0.08x | 0.07x | 0.08x | 0.08x | 0.07x | 0.11x | 0.34x | 0.37x | 0.37x | 0.07x | 0.46x | 0.57x | 0.48x | 0.13x | 0.12x | 0.43x |
| Asset Growth % | 0.37% | -0.39% | -4.35% | -13.18% | -12.08% | -10.83% | 390.62% | 425.85% | 412.09% | 449.38% | 13.04% | 31.51% | 44.18% | 28.81% | -73.97% | 25.57% | 23.36% | 48.15% | 16.88% | -53.8% |
| Total Current Liabilities | 18.88B | 17.07B | 15.55B | 14.97B | 14.72B | 13.14B | 17.91B | 16.97B | 18.75B | 17.67B | 3.33B | 3.47B | 3.51B | 3.34B | 2.99B | 4.32B | 2.52B | 2.7B | 12.96B | 1.69B |
| Accounts Payable | 4.09B | 3.81B | 4.08B | 4.07B | 4.06B | 3.89B | 5.17B | 4.51B | 4.44B | 3.67B | 807.04M | 721.43M | 758.18M | 745.12M | 817.91M | 808.96M | 746.53M | 660.18M | 3.25B | 558.44M |
| Days Payables Outstanding | 53.32 | 59.65 | 56.52 | 53.92 | 52.54 | 60 | 53.27 | 52.73 | 51.66 | 29.37 | 9.6 | 9.63 | 9.45 | 50.87 | 8.72 | 8.23 | 8.79 | 28.46 | 33.04 | 10.79 |
| Short-Term Debt | 4.94B | 3.71B | 3.92B | 3.89B | 3.87B | 2.63B | 4.4B | 4.52B | 6.58B | 6.31B | 1.25B | 1.43B | 1.24B | 1.01B | 1.14B | 2.24B | 766.01M | 894.27M | 4.24B | 450.77M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.08M | 149.07M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 8.03B | 6.62B | 4.38B | 3.81B | 3.74B | 3.71B | 5.48B | 4.54B | 3.9B | 3.84B | 1B | 784.68M | 885.4M | 1.21B | 871M | 1.13B | 864.39M | 1.05B | 4.43B | 540.52M |
| Current Ratio | 1.67x | 1.87x | 2.58x | 1.80x | 1.83x | 2.13x | 1.72x | 1.86x | 1.79x | 1.79x | 1.82x | 1.62x | 1.65x | 1.41x | 1.62x | 1.51x | 1.97x | 1.89x | 2.11x | 2.92x |
| Quick Ratio | 1.55x | 1.76x | 2.45x | 1.65x | 1.68x | 1.98x | 1.60x | 1.73x | 1.68x | 1.68x | 1.71x | 1.51x | 1.55x | 1.30x | 1.50x | 1.43x | 1.84x | 1.80x | 2.02x | 2.79x |
| Cash Conversion Cycle | 32.81 | 32.81 | 28.95 | 26.01 | 28.86 | 15.08 | 9.58 | 22.73 | 27.07 | 18.49 | 5.62 | 5.43 | 6.12 | 29.55 | 5.14 | 4.97 | 5.89 | 14.16 | 16.02 | 5.29 |
| Total Non-Current Liabilities | 75.88B | 80.53B | 88.56B | 78.71B | 78.22B | 79.58B | 83.95B | 78.62B | 76.34B | 74.39B | 14.97B | 14.55B | 14.98B | 13.32B | 13.36B | 10.62B | 11.04B | 11.07B | 56.01B | 10.17B |
| Long-Term Debt | 49.24B | 54.8B | 60.31B | 57.02B | 56.53B | 58.05B | 62.05B | 57.47B | 55.93B | 54.2B | 10.71B | 10.25B | 10.82B | 9.48B | 9.18B | 7.41B | 7.8B | 7.63B | 41.42B | 7.69B |
| Capital Lease Obligations | 5.62B | 5.39B | 5.43B | 5.36B | 5.36B | 5.37B | 5.5B | 5.28B | 5.24B | 4.54B | 935.18M | 917.26M | 606.21M | 567.53M | 564.73M | 570.77M | 585.19M | 603.07M | 2.86B | 488.02M |
| Deferred Tax Liabilities | 6.35B | 6.13B | 6.13B | 6B | 6B | 6.03B | 5.97B | 5.96B | 5.25B | 5.29B | 1.08B | 1.05B | 1.1B | 1.03B | 1.04B | 894.58M | 910.83M | 997.96M | 3.82B | 663.14M |
| Other Non-Current Liabilities | 14.58B | 14.21B | 16.68B | 10.31B | 10.31B | 10.11B | 16.4B | 9.89B | 9.91B | 10.34B | 2.25B | 2.33B | 2.45B | 2.23B | 2.46B | 1.63B | 1.72B | 1.82B | 7.88B | 1.32B |
| Total Liabilities | 94.78B | 97.6B | 104.11B | 93.68B | 92.93B | 92.72B | 101.87B | 95.59B | 95.09B | 92.06B | 18.3B | 18.02B | 18.49B | 16.66B | 16.35B | 14.95B | 13.55B | 13.77B | 68.97B | 11.86B |
| Total Debt | 60.8B | 64.88B | 70.64B | 67.27B | 66.78B | 67.07B | 72.97B | 68.22B | 68.69B | 65.79B | 12.9B | 12.6B | 12.66B | 11.06B | 10.88B | 10.22B | 9.15B | 9.12B | 48.93B | 8.63B |
| Net Debt | 47.42B | 47.41B | 43.4B | 54.37B | 53.25B | 52.26B | 56.06B | 53.59B | 51.46B | 49.39B | 9.88B | 9.58B | 9.39B | 8.81B | 8.36B | 7.36B | 6.72B | 6.58B | 32.75B | 5.76B |
| Debt / Equity | 1.91x | 2.21x | 2.28x | 2.10x | 2.02x | 1.93x | 1.85x | 1.39x | 1.42x | 1.29x | 1.23x | 1.32x | 1.33x | 1.18x | 1.19x | 1.70x | 1.56x | 1.42x | 1.69x | 1.79x |
| Debt / EBITDA | 15.64x | 19.35x | 22.00x | 16.68x | 16.55x | 20.51x | - | 18.80x | 56.24x | 22.17x | 6.07x | 2.80x | 4.58x | 23.97x | 5.29x | 4.29x | 3.96x | 4.78x | 27.24x | 1.64x |
| Net Debt / EBITDA | 12.20x | 14.14x | 13.51x | 13.48x | 13.20x | 15.98x | - | 14.77x | 42.13x | 16.65x | 4.65x | 2.13x | 3.40x | 19.10x | 4.06x | 3.09x | 2.91x | 3.45x | 18.24x | 1.10x |
| Interest Coverage | 1.18x | 0.92x | -2.57x | 0.75x | 1.02x | 0.58x | 1.11x | 1.93x | 0.44x | 26.29x | 1576.30x | 29.42x | 12.06x | -0.20x | 46.24x | 16.39x | 24.00x | 24.79x | 43.80x | 6.43x |
| Total Equity | 31.86B | 29.39B | 31.01B | 32.05B | 33.1B | 34.77B | 39.4B | 49.24B | 48.26B | 50.92B | 10.5B | 9.52B | 9.51B | 9.37B | 9.12B | 6B | 5.86B | 6.43B | 28.87B | 4.81B |
| Equity Growth % | -3.76% | -15.48% | -21.29% | -34.9% | -31.4% | -31.71% | 275.4% | 417.04% | 407.66% | 443.61% | 15.04% | 58.81% | 62.2% | 45.66% | -68.4% | 24.54% | 33.05% | 67.69% | 38.67% | -57.47% |
| Book Value per Share | 32.37 | 15.01 | 19.06 | 17.25 | 17.81 | 18.71 | 21.15 | 26.40 | 25.92 | 27.29 | 5.61 | 10.20 | 10.18 | 10.04 | 9.73 | 6.40 | 6.25 | 6.86 | 30.80 | 5.15 |
| Total Shareholders' Equity | 4.96B | 3.49B | 5.3B | 5.9B | 7.19B | 7.89B | 10.9B | 19.92B | 19.78B | 20.68B | 4.31B | 3.69B | 3.72B | 3.87B | 3.91B | 2.95B | 3B | 3.29B | 14.74B | 2.6B |
| Common Stock | 10.27B | 10.28B | 10.28B | 8.18B | 8.18B | 8.83B | 8.83B | 8.83B | 8.83B | 8.68B | 1.79B | 1.73B | 1.8B | 1.66B | 1.59B | 1.55B | 1.61B | 1.34B | 6.37B | 1.17B |
| Retained Earnings | -11.61B | -11.31B | -9.72B | -3.92B | -2.73B | -2.44B | -649.8M | 8.65B | 8.77B | 9.3B | 1.95B | 1.48B | 1.42B | 1.69B | 1.79B | 1.62B | 1.71B | 2.35B | 10.66B | 1.99B |
| Treasury Stock | -128.63M | -266.89M | -76.15M | -78.35M | -84.16M | -84.5M | -50.71M | -22.6M | -212.41M | -159.64M | -19.33M | -21.43M | -22.23M | -21.15M | -20.29M | -9.59M | -13.24M | -14.57M | -69.06M | -14.2M |
| Accumulated OCI | 643.08M | 602.73M | 625.55M | 554.77M | 655.36M | 424.05M | 565.86M | 76.32M | -85.21M | 359.24M | 592.12M | 500.42M | 523.22M | 541.09M | 546.9M | -210.52M | -308.81M | -382.03M | -521.61M | -543.09M |
| Minority Interest | 26.9B | 25.9B | 25.71B | 26.15B | 25.91B | 26.88B | 28.49B | 29.31B | 28.47B | 30.24B | 6.18B | 5.83B | 5.79B | 5.5B | 5.21B | 3.04B | 2.86B | 3.14B | 14.13B | 2.22B |