Lazard Ltd (LAZ) 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 | 2.01B | 2.37B | 1.95B | 1.73B | 1.89B | 2.62B | 2.2B | 1.81B | 1.96B | 2.29B | 1.64B | 1.85B | 1.85B | 3.29B | 3.7B | 3.97B | 3.95B | 4.52B | 3.86B | 3.52B |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 90.26 | - | 93.4 | - | - | 84.07 | - | 96.61 | 88.93 | 78.34 | 113.06 | 95.89 | 110.67 | 89.46 | 92.22 | 107.85 | 102.2 | 68.51 | 94.87 | 84.22 |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | -201.16M | -217.61M | -237.14M | 34.25M | 32.47M | 35M | 33.09M | 33.56M | 34.09M | 34.04M | 35.37M | 36.98M | 625.38M | 621.1M | 617.06M | 615.23M | 617.45M | 615.3M | 614.29M |
| Total Non-Current Assets | 2.23B | 1.27B | 1.31B | 1.33B | 2.34B | 2.18B | 2.62B | 2.72B | 2.63B | 2.35B | 2.66B | 2.75B | 2.71B | 2.56B | 2.5B | 2.75B | 2.9B | 2.62B | 2.87B | 2.88B |
| Property, Plant & Equipment | 562.6M | 412.58M | 437.01M | 443.39M | 598.69M | 595.34M | 608.9M | 672.37M | 617.42M | 639.73M | 642.8M | 663.14M | 674.54M | 681.68M | 638.56M | 666.95M | 701.6M | 716.06M | 468.52M | 479.24M |
| Fixed Asset Turnover | 1.58x | 2.19x | 1.73x | 1.55x | 1.10x | 1.37x | 1.24x | 1.08x | 1.23x | 1.28x | 0.81x | 0.97x | 0.81x | 1.09x | 1.13x | 0.96x | 1.01x | 1.71x | 1.55x | 1.73x |
| Goodwill | 0 | 0 | 395.25M | 395.23M | 394.1M | 393.57M | 394.57M | 393.97M | 394.1M | 394.9M | 394.05M | 394.62M | 394.26M | 377.24M | 375.78M | 377.88M | 379.48M | 379.42M | 379.68M | 380.69M |
| Intangible Assets | 394.59M | 395.26M | 0 | 0 | 0 | 0 | 0 | 0 | 15K | 30K | 45K | 60K | 0 | 90K | 105K | 120K | 135K | 150K | 165K | 180K |
| Long-Term Investments | 516.55M | 625.85M | 623.71M | 607.72M | 478.36M | 555.72M | 628.85M | 629.83M | 561.2M | 640.28M | 657.88M | 690.2M | 741.87M | 642.03M | 584.76M | 733.14M | 869.84M | 957.58M | 914.98M | 867.71M |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 4.24B | 4.94B | 4.63B | 4.49B | 4.23B | 4.79B | 4.82B | 4.53B | 4.59B | 4.64B | 4.3B | 4.6B | 4.57B | 5.85B | 6.21B | 6.71B | 6.85B | 7.15B | 6.73B | 6.41B |
| Asset Turnover | 0.17x | 0.19x | 0.17x | 0.19x | 0.15x | 0.17x | 0.17x | 0.15x | 0.17x | 0.18x | 0.12x | 0.14x | 0.11x | 0.12x | 0.11x | 0.10x | 0.10x | 0.15x | 0.11x | 0.13x |
| Asset Growth % | 0.2% | 3.06% | -3.86% | -0.75% | -7.74% | 3.41% | 12.21% | -1.65% | 0.43% | -20.79% | -30.81% | -31.42% | -33.3% | -18.11% | -7.71% | 4.76% | 10.29% | 19.68% | 23.04% | 20.61% |
| Total Current Liabilities | 0 | 80.67M | 857.66M | 476.15M | 411.21M | 896.78M | 430.97M | 466.25M | 651.34M | 1.03B | 581.39M | 706.38M | 815.65M | 1.56B | 1.69B | 2.02B | 1.94B | 2.15B | 1.66B | 1.44B |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 0 | 80.67M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.5B | -1.83B | -1.75B | 0 | -1.45B | -1.23B |
| Current Ratio | - | 29.35x | 2.27x | 3.64x | 4.60x | 2.92x | 5.09x | 3.88x | 3.00x | 2.22x | 2.82x | 2.63x | 2.27x | 2.10x | 2.19x | 1.96x | 2.03x | 2.10x | 2.32x | 2.45x |
| Quick Ratio | - | 29.35x | 2.27x | 3.64x | 4.60x | 2.92x | 5.09x | 3.88x | 3.00x | 2.22x | 2.82x | 2.63x | 2.27x | 2.10x | 2.19x | 1.96x | 2.03x | 2.10x | 2.32x | 2.45x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 3.29B | 3.87B | 2.82B | 3.15B | 3.09B | 3.13B | 3.62B | 3.47B | 3.4B | 3.03B | 3.21B | 3.4B | 3.15B | 3.03B | 3.26B | 3.28B | 3.36B | 3.34B | 3.51B | 3.46B |
| Long-Term Debt | 1.69B | 2.09B | 1.69B | 1.69B | 1.69B | 1.69B | 1.85B | 1.85B | 1.85B | 1.69B | 1.69B | 1.69B | 1.69B | 1.69B | 1.69B | 1.69B | 1.69B | 1.69B | 1.68B | 1.68B |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 3.29B | 3.95B | 3.68B | 3.62B | 3.5B | 4.03B | 4.06B | 3.93B | 4.05B | 4.07B | 3.79B | 4.1B | 3.97B | 4.59B | 4.95B | 5.31B | 5.3B | 5.49B | 5.17B | 4.9B |
| Total Debt | 2.16B | 2.58B | 2.2B | 2.21B | 2.19B | 2.19B | 2.37B | 2.38B | 2.32B | 2.18B | 2.18B | 2.2B | 2.2B | 2.2B | 2.19B | 2.21B | 2.22B | 2.24B | 2.24B | 2.25B |
| Net Debt | 1.13B | 1.07B | 1.03B | 1.23B | 1.28B | 884.32M | 1.21B | 1.53B | 1.4B | 1.2B | 1.53B | 1.5B | 1.6B | 966.63M | 1.19B | 1.3B | 1.34B | 772.73M | 1.05B | 1.27B |
| Debt / Equity | 2.27x | 2.61x | 2.30x | 2.54x | 2.99x | 2.87x | 3.11x | 3.99x | 4.32x | 3.82x | 4.35x | 4.40x | 3.68x | 1.75x | 1.74x | 1.57x | 1.44x | 1.35x | 1.44x | 1.49x |
| Debt / EBITDA | 19.23x | 22.17x | 21.26x | 21.70x | 34.75x | 18.89x | 13.95x | 32.61x | 36.40x | 26.31x | 379.02x | - | - | 26.33x | 12.95x | 16.15x | 13.07x | 8.04x | 13.63x | 12.80x |
| Net Debt / EBITDA | 10.09x | 9.24x | 9.92x | 12.08x | 20.34x | 7.62x | 7.10x | 20.97x | 21.90x | 14.57x | 265.51x | - | - | 11.56x | 7.04x | 9.51x | 7.91x | 2.78x | 6.42x | 7.23x |
| Interest Coverage | 4.93x | 4.75x | 5.18x | 5.40x | 3.59x | 5.83x | 8.15x | 3.81x | 3.63x | 4.64x | 0.75x | -4.68x | -0.95x | 4.76x | 9.03x | 6.96x | 8.55x | 14.11x | 8.60x | 9.26x |
| Total Equity | 953.88M | 989.13M | 957.14M | 870.06M | 732.36M | 764.78M | 764.46M | 595.12M | 537.01M | 569.86M | 501.34M | 499.47M | 597.88M | 1.26B | 1.26B | 1.4B | 1.54B | 1.65B | 1.55B | 1.51B |
| Equity Growth % | 30.25% | 29.33% | 25.21% | 46.2% | 36.38% | 34.2% | 52.48% | 19.15% | -10.18% | -54.73% | -60.08% | -64.39% | -61.29% | -23.84% | -19.12% | -6.91% | 7.14% | 65.39% | 99.4% | 120.31% |
| Book Value per Share | 8.93 | 9.19 | 9.04 | 8.29 | 6.99 | 7.21 | 7.39 | 5.91 | 5.41 | 6.00 | 5.32 | 5.63 | 6.83 | 13.37 | 12.70 | 13.65 | 14.28 | 14.72 | 13.74 | 13.26 |
| Total Shareholders' Equity | 881.3M | 873.65M | 841.52M | 741.6M | 603.03M | 636.24M | 624.27M | 458.65M | 392.71M | 423.76M | 361.32M | 359.98M | 451.43M | 556.46M | 560.64M | 715.66M | 849.83M | 975.22M | 877.81M | 826.88M |
| Common Stock | 1.12M | 1.12M | -671.8M | -692.17M | 1.13M | 1.13M | 1.13M | 1.13M | 1.13M | 1.13M | 1.13M | 1.13M | 1.13M | 1.13M | 1.13M | 1.13M | 1.13M | 1.13M | 1.13M | 1.13M |
| Retained Earnings | 1.56B | 1.49B | 1.49B | 1.48B | 1.48B | 1.47B | 1.44B | 1.38B | 1.38B | 1.4B | 1.39B | 1.43B | 1.6B | 1.68B | 1.68B | 1.63B | 1.58B | 1.56B | 1.4B | 1.35B |
| Treasury Stock | -508.91M | -684.41M | -672.93M | 0 | -700.69M | -838.07M | -826.8M | -837.34M | -823.82M | -937.26M | -937.88M | -958.07M | -965.71M | -993.41M | -915.25M | -695.54M | -496.68M | -507.43M | -389.45M | -353.72M |
| Accumulated OCI | -276.68M | -271.51M | -272.95M | -268.9M | -306.77M | -326.74M | -271.84M | -306.29M | -304M | -289.95M | -293.06M | -281.89M | -282.96M | -295.85M | -334.38M | -290.03M | -237.63M | -223.85M | -246.53M | -226.65M |
| Minority Interest | 72.58M | 115.47M | 115.62M | 128.46M | 129.34M | 128.54M | 140.18M | 136.47M | 144.29M | 146.1M | 140.02M | 139.49M | 146.46M | 702.41M | 695.18M | 687M | 694.8M | 677.74M | 674.91M | 679.97M |