The Kraft Heinz Company (KHC) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | 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 | Q2'21 |
|---|
| Total Current Assets | 10.68B | 10.13B | 9.99B | 9.24B | 9.46B | 7.66B | 8.2B | 7.53B | 8.23B | 7.93B | 7.84B | 7.99B | 8.22B | 7.9B | 7.86B | 8.14B | 9.28B | 8.99B | 9.56B | 11.38B |
| Cash & Short-Term Investments | 4.26B | 3.67B | 3.13B | 2.56B | 2.79B | 1.33B | 1.28B | 900M | 1.63B | 1.4B | 1.05B | 947M | 826M | 1.04B | 997M | 1.52B | 2.98B | 3.44B | 2.27B | 3.94B |
| Cash Only | 3.47B | 2.62B | 2.11B | 1.57B | 2.11B | 1.33B | 1.28B | 900M | 1.63B | 1.4B | 1.05B | 947M | 826M | 1.04B | 997M | 1.52B | 2.98B | 3.44B | 2.27B | 3.94B |
| Short-Term Investments | 783M | 1.06B | 1.02B | 997M | 674M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 2.31B | 2.25B | 2.25B | 2.34B | 2.26B | 2.15B | 2.18B | 2.16B | 2.22B | 2.11B | 2.1B | 2.24B | 2.29B | 2.12B | 2.06B | 2.15B | 2.07B | 1.96B | 1.96B | 2.01B |
| Days Sales Outstanding | 34.31 | 32.29 | 33.55 | 32.96 | 33.4 | 29.93 | 30.92 | 30.75 | 30.38 | 28.26 | 30.06 | 30.62 | 30.89 | 27.72 | 29.38 | 29.24 | 28.29 | 28.3 | 28.53 | 28.11 |
| Inventory | 3.31B | 3.17B | 3.53B | 3.57B | 3.59B | 3.38B | 3.87B | 3.57B | 3.58B | 3.61B | 3.78B | 3.82B | 4.02B | 3.65B | 3.54B | 3.43B | 3.09B | 2.73B | 2.84B | 2.82B |
| Days Inventory Outstanding | 74.34 | 71.16 | 76.03 | 78.12 | 80.56 | 76.14 | 80.71 | 77.8 | 77.65 | 74.86 | 79.76 | 79.94 | 79.72 | 70.18 | 68.01 | 64.97 | 60.14 | 59.39 | 59.94 | 57.83 |
| Other Current Assets | 539M | 740M | 788M | 508M | 552M | 583M | 640M | 624M | 521M | 569M | 659M | 694M | 759M | 846M | 1.05B | 851M | 958M | 727M | 2.33B | 2.47B |
| Total Non-Current Assets | 71.36B | 71.66B | 71.71B | 72.34B | 80.82B | 80.63B | 80.36B | 81.27B | 82.08B | 82.41B | 81.82B | 82.96B | 82.73B | 82.62B | 82.13B | 83.54B | 84.59B | 84.4B | 85.34B | 85.65B |
| Property, Plant & Equipment | 7.23B | 7.32B | 7.14B | 7.25B | 7.16B | 7.15B | 7.14B | 7.04B | 7.04B | 7.12B | 6.81B | 6.87B | 6.78B | 6.74B | 6.42B | 6.57B | 6.6B | 6.81B | 6.59B | 6.61B |
| Fixed Asset Turnover | 0.83x | 0.88x | 0.87x | 0.88x | 0.84x | 0.92x | 0.90x | 0.92x | 0.91x | 0.98x | 0.96x | 0.99x | 0.96x | 1.12x | 1.00x | 1.00x | 0.90x | 1.00x | 0.96x | 1.00x |
| Goodwill | 22.15B | 22.18B | 22.17B | 22.23B | 28.75B | 28.67B | 28.95B | 29.5B | 30.39B | 30.46B | 30.31B | 30.95B | 30.89B | 30.83B | 30.57B | 31.18B | 31.44B | 31.3B | 31.39B | 31.48B |
| Intangible Assets | 37.39B | 37.53B | 37.55B | 37.78B | 40.15B | 40.1B | 41.8B | 42.35B | 42.3B | 42.45B | 42.31B | 42.71B | 42.66B | 42.65B | 42.35B | 42.96B | 43.64B | 43.54B | 44.8B | 44.94B |
| Long-Term Investments | 167M | 0 | 0 | 0 | 0 | 196M | 98M | 79M | 81M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 4.42B | 4.63B | 4.85B | 5.08B | 4.76B | 4.51B | 2.38B | 2.3B | 2.27B | 2.38B | 2.38B | 2.43B | 2.4B | 2.39B | 2.79B | 2.83B | 2.91B | 2.76B | 2.56B | 2.62B |
| Total Assets | 82.05B | 81.79B | 81.69B | 81.58B | 90.27B | 88.29B | 88.57B | 88.8B | 90.31B | 90.34B | 89.66B | 90.96B | 90.94B | 90.51B | 89.99B | 91.68B | 93.86B | 93.39B | 94.9B | 97.04B |
| Asset Turnover | 0.07x | 0.08x | 0.08x | 0.07x | 0.07x | 0.07x | 0.07x | 0.07x | 0.07x | 0.08x | 0.07x | 0.07x | 0.07x | 0.08x | 0.07x | 0.07x | 0.06x | 0.07x | 0.07x | 0.07x |
| Asset Growth % | -9.11% | -7.36% | -7.76% | -8.13% | -0.04% | -2.27% | -1.22% | -2.37% | -0.7% | -0.19% | -0.37% | -0.79% | -3.11% | -3.08% | -5.17% | -5.53% | -4.87% | -6.45% | -3.29% | -1.29% |
| Total Current Liabilities | 8.94B | 8.78B | 8.86B | 8.62B | 7.24B | 7.25B | 7.73B | 7.49B | 7.57B | 8.04B | 7.8B | 8.38B | 8.95B | 9.03B | 8.69B | 9.12B | 9.06B | 9.06B | 8.46B | 9.88B |
| Accounts Payable | 4.39B | 4.31B | 4.58B | 4.34B | 4.12B | 4.19B | 4.55B | 4.45B | 4.42B | 4.63B | 4.46B | 4.54B | 4.8B | 4.85B | 4.73B | 4.78B | 4.61B | 4.75B | 4.38B | 4.39B |
| Days Payables Outstanding | 99.84 | 94.46 | 95.59 | 92.35 | 96.09 | 91.83 | 97.58 | 96.49 | 97.69 | 92.04 | 94.55 | 95.38 | 100.36 | 93.58 | 92.83 | 93.47 | 96.73 | 97.42 | 92.9 | 90.66 |
| Short-Term Debt | 1.91B | 1.91B | 1.91B | 1.9B | 678M | 654M | 708M | 669M | 622M | 638M | 608M | 630M | 842M | 837M | 774M | 1.19B | 780M | 754M | 1.03B | 1.61B |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 2.64B | 1.46B | 1.38B | 1.35B | 1.44B | 1.45B | 1.44B | 1.39B | 1.48B | 1.78B | 1.67B | 2.11B | 2.23B | 2.33B | 2.11B | 1.99B | 2.48B | 1.94B | 1.85B | 2.59B |
| Current Ratio | 1.20x | 1.15x | 1.13x | 1.07x | 1.31x | 1.06x | 1.06x | 1.01x | 1.09x | 0.99x | 1.00x | 0.95x | 0.92x | 0.87x | 0.90x | 0.89x | 1.02x | 0.99x | 1.13x | 1.15x |
| Quick Ratio | 0.82x | 0.79x | 0.73x | 0.66x | 0.81x | 0.59x | 0.56x | 0.53x | 0.61x | 0.54x | 0.52x | 0.50x | 0.47x | 0.47x | 0.50x | 0.52x | 0.68x | 0.69x | 0.79x | 0.87x |
| Cash Conversion Cycle | 8.82 | 8.99 | 14 | 18.73 | 17.87 | 14.24 | 14.05 | 12.05 | 10.34 | 11.08 | 15.27 | 15.18 | 10.26 | 4.33 | 4.56 | 0.75 | -8.29 | -9.72 | -4.43 | -4.72 |
| Total Non-Current Liabilities | 31.06B | 31.22B | 31.25B | 31.46B | 33.43B | 31.71B | 32.37B | 32.28B | 33.05B | 32.58B | 32.39B | 32.56B | 32.64B | 32.62B | 32.96B | 33.55B | 34.96B | 34.88B | 36.2B | 37.02B |
| Long-Term Debt | 19.22B | 19.31B | 19.29B | 19.31B | 20.93B | 19.21B | 19.38B | 19.27B | 19.92B | 19.39B | 19.27B | 19.37B | 19.26B | 19.23B | 19.3B | 19.72B | 20.97B | 21.06B | 22.94B | 23.55B |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 9.05B | 9.02B | 9.1B | 9.1B | 9.72B | 9.68B | 10.02B | 10.17B | 10.22B | 10.2B | 10.13B | 10.15B | 10.16B | 10.15B | 10.29B | 10.46B | 10.61B | 10.54B | 11.39B | 11.38B |
| Other Non-Current Liabilities | 1.48B | 1.56B | 1.53B | 1.71B | 1.43B | 1.44B | 1.58B | 1.44B | 1.49B | 1.56B | 1.56B | 1.59B | 1.75B | 1.75B | 1.89B | 1.86B | 1.85B | 1.75B | 1.88B | 2.1B |
| Total Liabilities | 40B | 40B | 40.12B | 40.09B | 40.67B | 38.96B | 40.1B | 39.77B | 40.62B | 40.62B | 40.2B | 40.94B | 41.59B | 41.64B | 41.65B | 42.67B | 44.02B | 43.94B | 44.66B | 46.9B |
| Total Debt | 21.13B | 21.22B | 21.19B | 21.21B | 21.6B | 19.87B | 20.09B | 19.93B | 20.55B | 20.03B | 19.88B | 20B | 20.11B | 20.07B | 20.07B | 20.92B | 21.75B | 21.82B | 23.97B | 25.16B |
| Net Debt | 17.66B | 18.6B | 19.05B | 19.64B | 19.49B | 18.54B | 18.81B | 19.03B | 18.92B | 18.63B | 18.83B | 19.05B | 19.28B | 19.03B | 19.07B | 19.4B | 18.77B | 18.37B | 21.7B | 21.21B |
| Debt / Equity | 0.50x | 0.51x | 0.51x | 0.51x | 0.44x | 0.40x | 0.41x | 0.41x | 0.41x | 0.40x | 0.40x | 0.40x | 0.41x | 0.41x | 0.42x | 0.43x | 0.44x | 0.44x | 0.48x | 0.50x |
| Debt / EBITDA | 16.00x | 15.89x | 16.69x | - | 15.14x | 102.42x | 139.52x | 26.19x | 13.41x | 12.92x | 21.44x | 12.56x | 13.74x | 13.62x | 20.48x | 26.89x | 16.29x | 102.42x | 17.32x | - |
| Net Debt / EBITDA | 13.37x | 13.94x | 15.00x | - | 13.66x | 95.54x | 130.60x | 25.01x | 12.35x | 12.01x | 20.31x | 11.97x | 13.18x | 12.91x | 19.46x | 24.94x | 14.06x | 86.24x | 15.68x | - |
| Interest Coverage | 4.34x | 4.77x | 4.36x | -33.03x | 5.45x | -0.05x | -0.23x | 2.52x | 5.55x | 5.15x | 3.02x | 6.14x | 5.63x | 5.84x | 3.39x | 2.71x | 5.01x | 0.14x | 3.12x | 2.05x |
| Total Equity | 42.05B | 41.79B | 41.58B | 41.49B | 49.6B | 49.33B | 48.47B | 49.03B | 49.69B | 49.72B | 49.46B | 50.01B | 49.35B | 48.87B | 48.34B | 49B | 49.84B | 49.45B | 50.24B | 50.14B |
| Equity Growth % | -15.23% | -15.28% | -14.22% | -15.38% | -0.17% | -0.8% | -2% | -1.97% | 0.68% | 1.74% | 2.31% | 2.07% | -0.99% | -1.18% | -3.77% | -2.27% | -1.16% | -1.57% | 1.82% | 1.99% |
| Book Value per Share | 35.39 | 35.21 | 35.06 | 34.87 | 41.55 | 40.87 | 40.06 | 40.32 | 40.63 | 40.36 | 40.05 | 40.50 | 39.99 | 39.64 | 39.14 | 39.68 | 40.39 | 40.37 | 40.65 | 40.97 |
| Total Shareholders' Equity | 41.92B | 41.66B | 41.45B | 41.36B | 49.46B | 49.19B | 48.33B | 48.9B | 49.52B | 49.53B | 49.28B | 49.81B | 49.15B | 48.68B | 48.15B | 48.8B | 49.64B | 49.3B | 50.09B | 50B |
| Common Stock | 12M | 12M | 12M | 12M | 12M | 12M | 12M | 12M | 12M | 12M | 12M | 12M | 12M | 12M | 12M | 12M | 12M | 12M | 12M | 12M |
| Retained Earnings | -3.83B | -4.63B | -5.28B | -5.89B | 2.4B | 2.17B | 521M | 1.3B | 1.68B | 1.37B | 1.1B | 1.34B | 831M | 489M | -208M | -640M | -905M | -1.68B | -1.43B | -2.16B |
| Treasury Stock | -2.65B | -2.64B | -2.64B | -2.64B | -2.43B | -2.22B | -1.76B | -1.76B | -1.55B | -1.29B | -981M | -870M | -852M | -847M | -729M | -686M | -605M | -587M | -463M | -392M |
| Accumulated OCI | -2.45B | -2.37B | -2.38B | -2.32B | -2.69B | -2.92B | -2.55B | -2.74B | -2.67B | -2.6B | -2.86B | -2.63B | -2.75B | -2.81B | -3B | -2.41B | -1.81B | -1.82B | -1.86B | -1.72B |
| Minority Interest | 126M | 125M | 129M | 134M | 145M | 140M | 141M | 136M | 166M | 196M | 182M | 200M | 200M | 192M | 195M | 206M | 200M | 154M | 149M | 145M |