The company maintains a healthy capital structure with a 1.67 current ratio and a conservative debt-to-equity ratio of 0.30 as of 2026Q1.
| Total Current Assets | 7.62B | 8.08B | 6.57B | 5.77B | 5.69B | 8.68B | 3.75B | 3.14B |
| Cash & Short-Term Investments | 6.26B | 6.8B | 5.63B | 5.04B | 5.09B | 8.08B | 3.3B | 2.79B |
| Cash Only | 2.95B | 3.43B | 2.96B | 3.14B | 1.95B | 4.84B | 2B | 1.51B |
| Short-Term Investments | 3.31B | 3.37B | 2.67B | 1.91B | 3.13B | 3.24B | 1.3B | 1.28B |
| Accounts Receivable | 1.05B | 1B | 649M | 486M | 406M | 288M | 184M | 69M |
| Days Sales Outstanding | 94.08 | 108.31 | 84.69 | 75.2 | 103.41 | 155.73 | 143.2 | -29.8 |
| Inventory | 87M | 87M | 59M | 49M | 48M | 4M | 3M | 5M |
| Days Inventory Outstanding | 14.92 | 16.59 | 13.27 | 11.93 | 12.92 | 1.36 | 1.14 | 1.38 |
| Other Current Assets | 219M | 189M | 95M | 27M | 24M | 176M | 197M | 205M |
| Total Non-Current Assets | 4.08B | 3.9B | 2.73B | 3.02B | 3.48B | 2.5B | 1.69B | 1.88B |
| Property, Plant & Equipment | 850M | 831M | 567M | 512M | 492M | 441M | 384M | 534M |
| Fixed Asset Turnover | 4.66x | 4.06x | 4.93x | 4.61x | 2.91x | 1.53x | 1.22x | -1.58x |
| Goodwill | 0 | 0 | 845M | 807M | 807M | 647M | 656M | 681M |
| Intangible Assets | 1.05B | 1.06B | 130M | 109M | 97M | 28M | 257M | 499M |
| Long-Term Investments | 5.88B | 1.75B | 896M | 1.29B | 1.85B | 1.25B | 386M | 165M |
| Other Non-Current Assets | 153M | 263M | 224M | 250M | 217M | 127M | 4M | 5M |
| Total Assets | 11.7B | 11.98B | 9.29B | 8.79B | 9.17B | 11.18B | 5.44B | 5.02B |
| Asset Turnover | 0.31x | 0.28x | 0.30x | 0.27x | 0.16x | 0.06x | 0.09x | -0.17x |
| Asset Growth % | 105.7% | 28.92% | 5.72% | -4.12% | -17.96% | 105.4% | 8.32% | - |
| Total Current Liabilities | 4.56B | 4.63B | 2.59B | 1.48B | 1.1B | 1.03B | 836M | 783M |
| Accounts Payable | 1.31B | 1.26B | 208M | 185M | 189M | 167M | 109M | 99M |
| Days Payables Outstanding | 220.12 | 239.52 | 46.78 | 45.05 | 50.87 | 56.97 | 41.31 | 27.38 |
| Short-Term Debt | 1.56B | 1.68B | 90M | 87M | 83M | 122M | 121M | 133M |
| Deferred Revenue (Current) | 1.54B | 0 | 1.23B | 381M | 12M | 9M | 13M | 0 |
| Other Current Liabilities | 1.65B | 1.65B | 139M | 39M | 38M | 35M | 35M | 216M |
| Current Ratio | 1.67x | 1.75x | 2.53x | 3.90x | 5.19x | 8.46x | 4.49x | 4.01x |
| Quick Ratio | 1.65x | 1.73x | 2.51x | 3.87x | 5.14x | 8.45x | 4.49x | 4.00x |
| Cash Conversion Cycle | -111.12 | -114.62 | 51.18 | 42.08 | 65.46 | 100.13 | 103.02 | -55.8 |
| Total Non-Current Liabilities | 604M | 599M | 352M | 846M | 1.42B | 2.13B | 10.9B | 8.46B |
| Long-Term Debt | 384M | 373M | 116M | 544M | 1.1B | 1.93B | 91M | 8.42B |
| Capital Lease Obligations | 144M | 0 | 125M | 124M | 152M | 101M | 20M | 21M |
| Deferred Tax Liabilities | 141M | 35M | 25M | 20M | 18M | 3M | 1M | 0 |
| Other Non-Current Liabilities | 184M | 191M | 86M | 158M | 150M | 99M | 10.79B | 25M |
| Total Liabilities | 5.17B | 5.23B | 2.94B | 2.32B | 2.51B | 3.16B | 11.74B | 9.25B |
| Total Debt | 1.95B | 2.05B | 364M | 793M | 1.36B | 2.17B | 251M | 8.6B |
| Net Debt | -1B | -1.38B | -2.6B | -2.35B | -587M | -2.66B | -1.75B | 7.09B |
| Debt / Equity | 0.30x | 0.30x | 0.06x | 0.12x | 0.21x | 0.27x | - | - |
| Debt / EBITDA | 4.93x | 5.42x | - | - | - | - | - | - |
| Net Debt / EBITDA | -2.53x | -3.64x | - | - | - | - | - | - |
| Interest Coverage | 2.96x | 2.85x | -1.32x | -3.71x | -9.51x | -1.09x | -0.88x | -2.78x |
| Total Equity | 6.53B | 6.76B | 6.35B | 6.47B | 6.66B | 8.02B | -6.29B | -4.22B |
| Equity Growth % | 8.97% | 6.39% | -1.81% | -2.84% | -16.98% | 227.41% | -49.01% | - |
| Book Value per Share | 1.47 | 1.61 | 1.59 | 1.66 | 1.75 | 2.14 | -1.59 | -1.07 |
| Total Shareholders' Equity | 6.52B | 6.73B | 6.4B | 6.45B | 6.6B | 7.73B | -6.4B | -4.29B |
| Common Stock | 24.05B | 23.86B | 23.55B | 22.67B | 22.28B | 21.53B | 140M | 0 |
| Retained Earnings | -17.34B | -17.47B | -17.35B | -16.76B | -16.28B | -14.4B | -10.49B | -7.98B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -197M | 337M | 197M | 544M | 602M | 606M | 3.95B | 3.61B |
| Minority Interest | 17M | 29M | -48M | 19M | 54M | 286M | 105M | 67M |
Regulatory and competitive pressure
According to recent balance sheet data, GRAB has grown total assets to $11.7 billion as of 2026Q1, a significant increase from $8.2 billion in 2024Q1, suggesting that the company is successfully scaling its regional footprint while maintaining a relatively stable equity base of $6.5 billion.
The consistent growth in total assets relative to liabilities indicates a strengthening balance sheet profile as the company matures. Investors should monitor whether this asset accumulation translates into higher long-term returns on invested capital or if it reflects an increasing reliance on capital-intensive digital banking infrastructure.
Based on reported financial statements, GRAB's debt-to-equity ratio stands at 0.30 as of 2026Q1, which, while higher than the 0.05 observed in early 2024, remains indicative of a conservative capital structure that provides significant flexibility for future strategic initiatives or potential market volatility.
The shift toward higher debt levels appears to be a strategic move to fund the expansion of the financial services segment rather than a necessity-driven reliance on external financing. This moderate leverage profile suggests that the company retains a strong capacity to absorb shocks without immediate refinancing risks.
As reported in quarterly filings, GRAB maintains a current ratio of 1.67 as of 2026Q1, which, despite a decline from the 3.26 peak in 2024Q1, continues to provide a substantial liquidity buffer against short-term operational obligations and potential fluctuations in regional market demand.
The reduction in the current ratio reflects a more efficient deployment of working capital rather than a deterioration in liquidity health. The company's cash position of $2.9 billion appears adequate to support ongoing operations, though investors should watch for further compression if cash burn accelerates.
Based on the provided balance sheet data, GRAB's equity base of $6.5 billion is heavily impacted by a persistent accumulated deficit of $17.3 billion, which warrants careful investigation into the long-term sustainability of shareholder value creation despite recent improvements in net income performance.
The significant negative retained earnings highlight the historical cost of achieving market dominance in the Southeast Asian region. While the company has reached profitability, the path to reversing this deficit remains a multi-year endeavor that will likely require sustained operational discipline and margin expansion.
As noted in recent financial disclosures, the $1.1 billion in goodwill and the increasing net PPE of $850 million suggest that the balance sheet is becoming more sensitive to impairment risks and the capital-intensive nature of the company's evolving multi-vertical business model.
The reliance on intangible assets and physical infrastructure may mask the true volatility of the underlying platform economics. Investors should monitor whether these assets are generating sufficient cash flow to justify their carrying values, particularly if competitive pressures force a reduction in service pricing.
Quick answers to the most common questions about buying GRAB stock.
As of 2025, Grab Holdings Limited (GRAB) had total assets of $11.98B including $8.08B in current assets.
Grab Holdings Limited (GRAB) carries total debt of $2.05B, offset by $6.80B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Grab Holdings Limited (GRAB) has total shareholders' equity (book value) of $6.73B ($1.61 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Grab Holdings Limited (GRAB) reported a current ratio of 1.75x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.