The company maintains a conservative financial profile with a debt-to-equity ratio of 0.14 as of 2026Q1, supported by a current ratio consistently above 1.40.
| Total Current Assets | 17.39B | 17.34B | 15.1B | 16.26B | 16.8B | 15.55B | 14.77B | 13.52B | 22.97B | 23.05B |
| Cash & Short-Term Investments | 1.97B | 4.53B | 3.17B | 2.74B | 3.31B | 4.54B | 3.79B | 1.77B | 2.27B | 8.76B |
| Cash Only | 1.96B | 4.52B | 3.11B | 2.64B | 3.19B | 4.46B | 3.53B | 1.76B | 2.27B | 7.81B |
| Short-Term Investments | 2M | 9M | 63M | 98M | 124M | 86M | 269M | 5M | 5M | 952M |
| Accounts Receivable | 9.09B | 6.37B | 5.68B | 5.49B | 5.7B | 4.81B | 4.93B | 5.53B | 5.26B | 5.24B |
| Days Sales Outstanding | 162.81 | 133.64 | 122.53 | 116.28 | 119.21 | 112.17 | 126.47 | 145.73 | 134.38 | 134.29 |
| Inventory | 5.2B | 5.67B | 5.43B | 6.9B | 6.81B | 5.18B | 4.88B | 5.03B | 5.31B | 8.63B |
| Days Inventory Outstanding | 267.59 | 210.72 | 208.07 | 253.84 | 238.22 | 205.07 | 209.47 | 214.19 | 194.83 | 375.04 |
| Other Current Assets | 1.13B | 767M | 820M | 1.13B | 968M | 1.01B | 1.17B | 1.19B | 10.13B | 423M |
| Total Non-Current Assets | 25.33B | 25.51B | 25.73B | 26.74B | 25.82B | 26.8B | 27.88B | 28.88B | 85.71B | 89.91B |
| Property, Plant & Equipment | 9.62B | 4.22B | 4.1B | 4.29B | 4.25B | 4.33B | 4.4B | 4.55B | 4.54B | 12.44B |
| Fixed Asset Turnover | 3.22x | 4.12x | 4.12x | 4.02x | 4.10x | 3.62x | 3.23x | 3.05x | 3.14x | 1.15x |
| Goodwill | 10.41B | 10.46B | 10.41B | 10.61B | 9.96B | 10.11B | 10.27B | 10.23B | 10.19B | 45.59B |
| Intangible Assets | 8.15B | 8.3B | 8.88B | 9.63B | 9.34B | 10.04B | 10.75B | 11.42B | 12.05B | 0 |
| Long-Term Investments | 435M | 160M | 134M | 115M | 102M | 76M | 66M | 66M | 138M | 1.59B |
| Other Non-Current Assets | -3.24B | 2.04B | 1.81B | 1.52B | 1.69B | 1.8B | 1.94B | 2.33B | 58.48B | 29.81B |
| Total Assets | 42.72B | 42.84B | 40.83B | 43B | 42.62B | 42.34B | 42.65B | 42.4B | 108.68B | 112.96B |
| Asset Turnover | 0.42x | 0.41x | 0.41x | 0.40x | 0.41x | 0.37x | 0.33x | 0.33x | 0.13x | 0.13x |
| Asset Growth % | 7.76% | 4.95% | -5.05% | 0.89% | 0.65% | -0.72% | 0.59% | -60.99% | -3.79% | - |
| Total Current Liabilities | 11.85B | 12.13B | 10.39B | 10.41B | 10.74B | 9.56B | 8.55B | 8.24B | 13.31B | 12.14B |
| Accounts Payable | 4.19B | 4.4B | 4.04B | 4.28B | 4.89B | 4.13B | 3.62B | 3.7B | 3.8B | 4.83B |
| Days Payables Outstanding | 218.69 | 163.54 | 154.71 | 157.48 | 171.2 | 163.34 | 155.1 | 157.58 | 139.35 | 209.87 |
| Short-Term Debt | 1.67B | 894M | 750M | 197M | 23M | 17M | 3M | 3M | 2.13B | 2.78B |
| Deferred Revenue (Current) | 7.19B | 3.58B | 3.29B | 3.41B | 3.39B | 3.2B | 2.66B | 2.58B | 2.21B | 2.01B |
| Other Current Liabilities | 3.22B | 0 | 0 | 0 | 0 | 0 | 232M | 381M | 3.17B | 2.52B |
| Current Ratio | 1.47x | 1.43x | 1.45x | 1.56x | 1.56x | 1.63x | 1.73x | 1.64x | 1.73x | 1.90x |
| Quick Ratio | 1.03x | 0.96x | 0.93x | 0.90x | 0.93x | 1.08x | 1.16x | 1.03x | 1.33x | 1.19x |
| Cash Conversion Cycle | 211.7 | 180.82 | 175.89 | 212.65 | 186.23 | 153.9 | 180.83 | 202.34 | 189.86 | 299.45 |
| Total Non-Current Liabilities | 6.26B | 6.33B | 6.41B | 7.31B | 6.33B | 7.16B | 9.04B | 9.6B | 20.22B | 25.89B |
| Long-Term Debt | 1.68B | 1.69B | 1.95B | 2.29B | 1.28B | 1.1B | 1.1B | 115M | 5.72B | 10.29B |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 2M | 3M | 395M | 5M | 67M | 4M |
| Deferred Tax Liabilities | 1.17B | 251M | 478M | 899M | 1.12B | 1.22B | 893M | 920M | 0 | 5.84B |
| Other Non-Current Liabilities | 4.29B | 4.4B | 3.98B | 4.12B | 3.93B | 4.84B | 6.14B | 8.56B | 12.81B | 9.71B |
| Total Liabilities | 18.11B | 18.46B | 16.8B | 17.72B | 17.08B | 16.72B | 17.59B | 17.84B | 33.53B | 38.03B |
| Total Debt | 3.36B | 2.58B | 2.7B | 2.49B | 1.31B | 1.12B | 1.11B | 127M | 7.94B | 13.07B |
| Net Debt | 1.39B | -1.94B | -403M | -155M | -1.88B | -3.34B | -2.42B | -1.64B | 5.67B | 5.26B |
| Debt / Equity | 0.14x | 0.11x | 0.11x | 0.10x | 0.05x | 0.04x | 0.04x | 0.01x | 0.11x | 0.17x |
| Debt / EBITDA | 0.99x | 0.68x | 0.81x | 0.75x | 0.41x | 0.44x | 0.55x | 0.06x | 3.39x | 28.54x |
| Net Debt / EBITDA | 0.41x | -0.51x | -0.12x | -0.05x | -0.60x | -1.30x | -1.20x | -0.75x | 2.42x | 11.49x |
| Interest Coverage | 5.82x | 10.38x | 6.47x | 5.69x | 19.05x | 79.20x | 16.00x | -1.32x | -19.20x | -4.05x |
| Total Equity | 24.61B | 24.39B | 24.03B | 25.28B | 25.54B | 25.62B | 25.06B | 24.55B | 75.15B | 74.93B |
| Equity Growth % | 6.6% | 1.48% | -4.94% | -1.03% | -0.32% | 2.23% | 2.07% | -67.33% | 0.29% | - |
| Book Value per Share | 36.53 | 36.23 | 34.53 | 35.51 | 35.25 | 34.55 | 33.36 | 32.76 | 100.28 | 99.99 |
| Total Shareholders' Equity | 24.36B | 24.14B | 23.79B | 25.04B | 25.3B | 25.38B | 24.82B | 24.31B | 74.66B | 74.76B |
| Common Stock | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 0 | 0 |
| Retained Earnings | 436M | -67M | 55M | -41M | 250M | 524M | 0 | -425M | 0 | 175M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -2.94B | -2.8B | -3.47B | -2.68B | -2.81B | -2.9B | -2.89B | -3.27B | 74.66B | -381M |
| Minority Interest | 243M | 242M | 241M | 242M | 239M | 239M | 239M | 246M | 493M | 172M |
Seasonal Working Capital Volatility
According to reported financial statements, Corteva has maintained a stable total asset base hovering near $42 billion, suggesting that the company's underlying capital structure remains resilient despite the significant quarterly fluctuations in cash and working capital inherent to its agricultural input business model.
The consistency in total assets over the last ten quarters indicates a disciplined approach to asset management despite the inherent volatility of the agricultural cycle. Investors should monitor whether this stability persists as the company integrates recent acquisitions in the biologicals space, which may shift the asset composition toward higher-value intangible assets.
Based on the provided balance sheet data, Corteva maintains a highly conservative debt-to-equity ratio that peaked at only 0.23 in 2024Q3, reflecting a strategic preference for low leverage that provides a significant buffer against the cyclical downturns common in the agricultural inputs sector.
The company's ability to manage debt levels while navigating seasonal cash flow swings suggests a robust balance sheet that is not overly reliant on external financing. This low leverage profile appears to provide management with the necessary flexibility to pursue strategic M&A or return capital to shareholders without compromising long-term solvency.
As reported in recent filings, the current ratio has consistently remained above 1.40, with a peak of 1.72 in 2024Q2, demonstrating that the company maintains sufficient short-term liquidity to manage the massive working capital requirements associated with the Northern Hemisphere's spring planting and harvest cycles.
The fluctuation in the current ratio is a direct reflection of the company's seasonal inventory and accounts receivable cycles rather than a sign of liquidity distress. This pattern suggests that the company is well-positioned to meet its short-term obligations even during periods of peak operational intensity.
Based on the provided figures, equity has remained relatively stable near $24 billion, though the volatility in retained earnings, which swung from a $1.5 billion peak in 2025Q2 to a $67 million deficit in 2025Q4, warrants further investigation into the impact of seasonal profitability on shareholder value.
The variability in retained earnings highlights the sensitivity of the company's bottom line to seasonal demand and commodity price fluctuations. While the equity base appears solid, the periodic dips in retained earnings suggest that the company's ability to grow book value is heavily dependent on the successful execution of its high-margin seed and trait strategy.
As indicated by the balance sheet, goodwill remains a significant component of total assets at approximately $10.4 billion, representing nearly 25% of the total asset base, which suggests that future earnings could be sensitive to potential impairment charges if acquired business units fail to meet performance expectations.
The high concentration of goodwill warrants close monitoring, particularly as the company pivots toward new growth areas like biologicals. If the anticipated synergies from these acquisitions do not materialize, the company may face non-cash write-downs that could negatively impact the reported equity position and overall balance sheet health.
Quick answers to the most common questions about buying CTVA stock.
As of 2025, Corteva, Inc. (CTVA) had total assets of $42.84B including $17.34B in current assets.
Corteva, Inc. (CTVA) carries total debt of $2.58B, offset by $4.53B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Corteva, Inc. (CTVA) has total shareholders' equity (book value) of $24.14B ($36.23 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Corteva, Inc. (CTVA) reported a current ratio of 1.43x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.