The company's financial structure remains strained, with total assets contracting from $42.1 billion in 2023Q4 to $21.9 billion in 2026Q1 and a debt-to-equity ratio that has fluctuated as high as 1.02.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 |
|---|
| Total Current Assets | 3.11B | 3.4B | 3.3B | 5.64B | 6.3B | 5.94B | 5.8B | 10.57B | 4.14B | 4.33B | 5.56B | 2.93B | 3.92B | 5.48B | 3.73B | 3.78B | 5.43B | 101.08B | 176.1M | 3.92B | 3.56B | 2.26B | 3.19B |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | 1.83B | 2.08B | 1.82B | 1.41B | 1.73B | 910.6M | 1.33B | 8.14B | 1.48B | 1.67B | 1.08B | 982.1M | 1.16B | 2.7B | 2.04B | 1.65B | 3.85B | 320M | 65.6M | 2.04B | 1.88B | 1.2B | 2.53B |
| Short-Term Investments | 46.3M | 76.2M | 335.6M | 1.99B | 2.62B | 2.27B | 1.6B | 270.8M | 372.7M | 477M | 405.5M | 421.9M | 443.6M | 248.4M | 0 | 0 | 0 | 71.97B | 200K | 0 | 0 | 0 | 0 |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 706.9M | 300.1M | 5.74B | 4.1M | 347.6M | 496.1M | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 76.35 | 32.73 | 727.92 | 0.37 | 34.13 | 65.33 | - | - |
| Other Current Assets | 592.2M | 600.4M | 642.6M | 1.79B | 1.05B | 1.79B | 1.77B | 736M | 921.7M | 611.3M | 1.79B | 488M | 629.2M | 705.4M | 516.9M | 506.5M | 362.8M | 834.3M | 38.4M | 530.7M | 349.1M | 293M | 293.95M |
| Total Non-Current Assets | 18.76B | 19.2B | 22.14B | 36.45B | 36.6B | 40.98B | 53.29B | 38.47B | 49.01B | 53.27B | 61.63B | 64.2B | 68.92B | 62.23B | 34.58B | 32.63B | 27.9B | 400.06B | 2.85B | 28.69B | 22.01B | 21.12B | 10.51B |
| Property, Plant & Equipment | 6.09B | 5.27B | 5.04B | 5.07B | 8.23B | 8.31B | 9.07B | 14.36B | 13.88B | 14.15B | 17.25B | 21.68B | 23.84B | 23.97B | 13.44B | 12.87B | 11.11B | 4.25B | 1.29B | 10.61B | 8.14B | 7.99B | 4.3B |
| Fixed Asset Turnover | 0.89x | 0.93x | 0.86x | 0.81x | 0.49x | 1.24x | 1.27x | 0.77x | 0.86x | 0.80x | 0.80x | 0.79x | 0.71x | 0.55x | 0.74x | 0.71x | 0.75x | 1.76x | 8.16x | 0.85x | 0.80x | 0.57x | 0.49x |
| Goodwill | 3.44B | 3.5B | 3.15B | 3.31B | 9.32B | 9.52B | 9.97B | 14.05B | 13.72B | 14.35B | 17.06B | 27.02B | 29B | 23.75B | 13.88B | 13.29B | 11.73B | 9.83B | 1.19B | 12.63B | 9.94B | 0 | 0 |
| Intangible Assets | 1.3B | 1.35B | 1.29B | 673.6M | 2.34B | 2.34B | 2.88B | 572.1M | 1.03B | 1.61B | 2.42B | 7.78B | 9.75B | 6.27B | 2.58B | 2.81B | 2.1B | 4.61B | 357.8M | 2.69B | 1.58B | 10.84B | 3.28B |
| Long-Term Investments | 37.66B | 7.69B | 12.24B | 13.66B | 16.04B | 19.98B | 6B | 4.87B | 5.86B | 6.07B | 6.96B | 2.55B | 1.38B | 3.44B | 950.1M | 975.2M | 1.07B | 348.85B | 979.8M | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 21.88B | 22.6B | 25.44B | 42.09B | 42.9B | 46.92B | 59.09B | 49.05B | 53.15B | 57.6B | 68.68B | 67.56B | 72.84B | 67.71B | 38.31B | 36.41B | 33.33B | 501.13B | 3.02B | 32.62B | 25.57B | 23.38B | 13.7B |
| Asset Turnover | 0.21x | 0.22x | 0.17x | 0.10x | 0.09x | 0.22x | 0.20x | 0.23x | 0.22x | 0.20x | 0.20x | 0.25x | 0.23x | 0.19x | 0.26x | 0.25x | 0.25x | 0.01x | 3.47x | 0.28x | 0.25x | 0.19x | 0.15x |
| Asset Growth % | -99.61% | -11.18% | -39.56% | -1.88% | -8.57% | -20.6% | 20.48% | -7.73% | -7.71% | -16.14% | 1.67% | -7.25% | 7.57% | 76.76% | 5.21% | 9.24% | -93.35% | 16478.95% | -90.73% | 27.57% | 9.37% | 70.62% | - |
| Total Current Liabilities | 2.81B | 3.16B | 3.13B | 4.33B | 3.92B | 4.08B | 4.51B | 8.65B | 10.31B | 9.97B | 8.4B | 8.77B | 9.19B | 7.68B | 4.62B | 4.17B | 4.29B | 38.55B | 480.7M | 3.86B | 3.74B | 2.43B | 1.42B |
| Accounts Payable | 441.7M | 478.7M | 371.2M | 407.5M | 610.1M | 613.4M | 579.1M | 963.9M | 874.3M | 926M | 954.5M | 1.05B | 1.04B | 1.07B | 774M | 645.7M | 566.2M | 734.9M | 735M | 804.9M | 652.4M | 715.6M | 363.55M |
| Days Payables Outstanding | 95.85 | 104.59 | 93.39 | 115.7 | 208.84 | 74.2 | 63.65 | 112.38 | 98.31 | 113.66 | 99.56 | 101.77 | 101.98 | 81.16 | 84.34 | 69.74 | 61.75 | 93.28 | 66.06 | 79.03 | 85.91 | 135.39 | 151.44 |
| Short-Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue (Current) | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 1.21B | 1.54B | 1.23B | 2.11B | 1.87B | 1.97B | 1.99B | 1.17B | 3.39B | 3.19B | 3.6B | 2.46B | 2.35B | 1.62B | 569.9M | 715.3M | 563.1M | 12.8B | -2.84B | 116.2M | 0 | 35.26M | 375.09M |
| Current Ratio | 1.11x | 1.08x | 1.05x | 1.30x | 1.61x | 1.45x | 1.29x | 1.22x | 0.40x | 0.43x | 0.66x | 0.33x | 0.43x | 0.71x | 0.81x | 0.91x | 1.27x | 2.62x | 0.37x | 1.02x | 0.95x | 0.93x | 2.25x |
| Quick Ratio | 1.11x | 1.08x | 1.05x | 1.30x | 1.61x | 1.45x | 1.29x | 1.22x | 0.40x | 0.43x | 0.66x | 0.33x | 0.43x | 0.71x | 0.81x | 0.74x | 1.20x | 2.47x | 0.36x | 0.93x | 0.82x | 0.93x | 2.25x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 9.33B | 9.49B | 9.76B | 18.75B | 16.4B | 17.23B | 41.28B | 27.2B | 38.7B | 41.24B | 44.23B | 48.23B | 49.54B | 48.49B | 31.6B | 29.31B | 25.58B | 208.71B | 2.37B | 20.48B | 12.67B | 11.33B | 5.85B |
| Long-Term Debt | 7.7B | 8.57B | 8.18B | 8.86B | 12.61B | 13.56B | 13.38B | 24.88B | 26.69B | 30.53B | 35.89B | 45.42B | 46.05B | 45.87B | 27.16B | 24.57B | 25.58B | 28.87B | 2.28B | 19.74B | 10.85B | 9.85B | 4.98B |
| Capital Lease Obligations | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 12.14B | 12.65B | 12.9B | 23.08B | 20.32B | 21.32B | 45.79B | 35.85B | 49.01B | 51.2B | 53.95B | 57.38B | 58.73B | 56.17B | 36.22B | 33.48B | 29.87B | 247.25B | 2.85B | 24.34B | 16.41B | 13.77B | 7.27B |
| Total Debt | 9.25B | 10.16B | 9.85B | 10.23B | 15.55B | 16.19B | 16.38B | 30.31B | 31.17B | 34.41B | 38.75B | 48.26B | 48.63B | 47.62B | 27.52B | 24.76B | 26.21B | 214.43B | 2.32B | 18.35B | 12.23B | 10.11B | 5.02B |
| Net Debt | 7.42B | 8.08B | 8.04B | 8.82B | 13.83B | 15.28B | 15.06B | 22.17B | 29.69B | 32.74B | 37.67B | 47.28B | 47.47B | 44.92B | 25.49B | 23.11B | 22.37B | 214.1B | 2.25B | 16.32B | 10.35B | 8.91B | 2.49B |
| Debt / Equity | 0.95x | 1.02x | 0.79x | 0.54x | 0.69x | 0.63x | 1.23x | 2.30x | 7.51x | 5.38x | 2.63x | 4.74x | 3.45x | 4.13x | 13.20x | 8.45x | 7.58x | 0.83x | 0.71x | 2.22x | 1.34x | 1.05x | 0.78x |
| Debt / EBITDA | 8.09x | 9.19x | 9.94x | 10.82x | 12.29x | 4.41x | 3.85x | 7.21x | 6.64x | 7.51x | 6.81x | 6.26x | 6.68x | 8.04x | 5.93x | 5.83x | 7.19x | 69.97x | 0.55x | 5.81x | 5.47x | 6.21x | 9.16x |
| Net Debt / EBITDA | 6.49x | 7.31x | 8.11x | 9.33x | 10.92x | 4.16x | 3.54x | 5.27x | 6.32x | 7.14x | 6.62x | 6.13x | 6.52x | 7.58x | 5.49x | 5.44x | 6.14x | 69.86x | 0.53x | 5.16x | 4.63x | 5.48x | 4.54x |
| Interest Coverage | - | -13.42x | 4.20x | -3.24x | 2.51x | 16.87x | -0.52x | 0.10x | 1.11x | -0.49x | 1.13x | 0.66x | 0.52x | 0.79x | 0.69x | 0.61x | 0.10x | 0.00x | 5.03x | 1.05x | 0.75x | - | - |
| Total Equity | 9.73B | 9.95B | 12.54B | 19.01B | 22.57B | 25.6B | 13.3B | 13.2B | 4.15B | 6.39B | 14.73B | 10.17B | 14.12B | 11.54B | 2.09B | 2.93B | 3.46B | 257.26B | 3.27B | 8.28B | 9.16B | 9.61B | 6.43B |
| Equity Growth % | -103.32% | -20.71% | -34% | -15.8% | -11.82% | 92.49% | 0.76% | 218.17% | -35.11% | -56.6% | 44.8% | -27.92% | 22.31% | 453.52% | -28.87% | -15.22% | -98.66% | 7762.68% | -60.49% | -9.57% | -4.73% | 49.47% | - |
| Book Value per Share | 27.72 | 27.39 | 34.54 | 44.65 | 45.42 | 44.98 | 22.09 | 18.70 | 5.33 | 7.54 | 16.37 | 11.77 | 15.71 | 18.45 | 3.47 | 9.88 | 12.17 | 857.85 | 8.98 | 19.37 | 18.58 | 20.58 | 17.58 |
| Total Shareholders' Equity | 9.5B | 9.74B | 12.37B | 19.06B | 22.44B | 25.93B | 13.66B | 13.61B | 4.68B | 6.8B | 13.76B | 10.65B | 14.71B | 12.03B | 2.21B | 2.81B | 3.04B | 253.88B | 170.2M | 5.84B | 7.25B | 7.82B | 5.23B |
| Common Stock | 3.3M | 3.3M | 3.4M | 3.8M | 4.6M | 5.3M | 5.8M | 6.3M | 7.4M | 8.1M | 10.6M | 8.9M | 8.9M | 7.9M | 2.6M | 2.8M | 2.4M | 117.24B | 1.09B | 3.5M | 4.1M | 4.79M | 1.76M |
| Retained Earnings | 5.44B | 5.1B | 12.24B | 15.57B | 19.62B | 18.14B | 4.69B | 6.35B | -5.17B | -6.22B | -3.45B | -5.16B | -4.01B | -3.31B | -2.35B | -2.67B | -1.9B | 19.74B | -919.4M | -1.32B | -1.02B | -1.73B | -1.66B |
| Treasury Stock | -100K | -100K | -100K | -100K | -100K | -100K | -100K | -100K | -100K | -100K | -300K | -400K | -4.2M | -7.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -169.6M | -127.89M |
| Accumulated OCI | 3.28B | 3.92B | -657M | 2.17B | 513.4M | 3.89B | 3.69B | 1.11B | 631.8M | 1.66B | -372.4M | 895.9M | 1.65B | 2.53B | 1.6B | 1.51B | 1.44B | -1.09B | -7.6B | 858.5M | 169.8M | -278.48M | 14.01M |
| Minority Interest | 230.5M | 210.1M | 178.4M | -55.2M | 137M | -336.9M | -364.2M | -407.6M | -533.1M | -412M | 970.7M | -478.1M | -598.5M | -484.3M | -124.9M | 126M | 413.1M | 3.38B | 3.1B | 2.45B | 1.91B | 1.8B | 1.2B |
High leverage and volatility
As reported in financial statements, Liberty Global's total assets have experienced significant volatility, dropping from $42.1 billion in 2023Q4 to $21.9 billion by 2026Q1, a trend that appears to reflect ongoing corporate restructuring and the deconsolidation of major joint venture assets over the observed period.
The sharp decline in total assets suggests a deliberate strategy to shed scale or reorganize ownership structures, which complicates long-term trend analysis. Investors should monitor whether this reduction in asset base is a precursor to further divestitures or a stabilization of the core operating footprint.
Based on the company's reported figures, the debt-to-equity ratio has fluctuated between 0.54 and 1.02 over the last ten quarters, indicating that management continues to utilize significant leverage to navigate the capital-intensive nature of its hybrid fiber-coaxial and fiber-to-the-home network infrastructure investments.
The oscillation in leverage metrics suggests that debt levels are managed opportunistically rather than through a fixed deleveraging path. This reliance on debt to fund infrastructure upgrades may leave the company vulnerable to interest rate volatility, particularly given the high capital expenditure requirements inherent in the telecommunications sector.
According to recent SEC filings, Liberty Global's current ratio has hovered near parity, ranging from 0.95 to 1.34, which suggests that the company maintains a relatively thin liquidity buffer to cover its short-term obligations while managing substantial ongoing network maintenance and integration costs.
The proximity of the current ratio to 1.0 indicates limited room for operational error or unexpected capital requirements. This tight liquidity position warrants further investigation into the company's access to revolving credit facilities and the maturity profile of its existing debt obligations.
As indicated by the company's balance sheet data, goodwill has seen dramatic shifts, peaking at $10.3 billion in 2024Q3 before declining to $3.4 billion in 2026Q1, which may imply significant non-cash write-downs or the impact of asset disposals on the firm's reported book value.
The substantial reduction in goodwill suggests that previous acquisition premiums are being reassessed, which could signal that historical growth-by-acquisition strategies have faced integration challenges. Investors should consider whether the remaining goodwill balance remains susceptible to further impairment if competitive pressures in the UK and Swiss markets intensify.
Quick answers to the most common questions about buying LBTYK stock.
As of 2025, Liberty Global plc (LBTYK) had total assets of $22.60B including $3.40B in current assets.
Liberty Global plc (LBTYK) carries total debt of $10.16B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Liberty Global plc (LBTYK) has total shareholders' equity (book value) of $9.74B ($27.39 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Liberty Global plc (LBTYK) reported a current ratio of 1.08x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.