Morgan Stanley (MS) 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 | 1.08T | 654.69B | 216.31B | 314.31B | 179.72B | 487.75B | 525.92B | 485.18B | 515.75B | 542B | 490.51B | 474.08B | 490.16B | 546.39B | 477.08B | 488.07B | 597.38B | 596.37B | 605.37B | 588.21B |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 335.73 | 363.36 | 323.88 | 307.72 | 287.47 | 314.32 | 314.67 | 304.14 | 290.32 | 297.77 | 310.77 | 317.79 | 322.92 | 407.09 | 499.17 | 594.75 | 598.27 | 637.05 | 644.81 | 686.63 |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 283.45B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 511.63B | 765.58B | 1.15T | 1.04T | 1.12T | 727.32B | 732.11B | 727.27B | 712.76B | 651.7B | 678.5B | 690.83B | 709.74B | 633.84B | 682.95B | 685.71B | 624.85B | 591.77B | 585.11B | 573.6B |
| Property, Plant & Equipment | 0 | 4.16B | 0 | 0 | 0 | 23M | 0 | 0 | 0 | 23M | 0 | 0 | 0 | 4M | 0 | 0 | 4M | 16M | 0 | 0 |
| Fixed Asset Turnover | - | 6.93x | - | - | - | 1129.65x | - | - | - | 1051.83x | - | - | - | 4702.75x | - | - | 1435.30x | 877.19x | - | - |
| Goodwill | 17.11B | 16.73B | 16.73B | 16.73B | 16.71B | 16.71B | 16.73B | 16.72B | 16.72B | 16.71B | 16.7B | 16.65B | 16.66B | 16.65B | 16.72B | 16.76B | 16.82B | 16.83B | 16.83B | 16.84B |
| Intangible Assets | 5.96B | 6.01B | 6.1B | 6.18B | 6.3B | 6.45B | 6.62B | 6.76B | 6.91B | 7.05B | 7.2B | 7.32B | 7.47B | 7.62B | 7.89B | 8.05B | 8.24B | 8.36B | 8.51B | 8.69B |
| Long-Term Investments | 460.28B | 552.48B | 401.26B | 409.11B | 380.45B | 374.86B | 368.81B | 363.66B | 348.98B | 286.63B | 341.59B | 345.44B | 350.55B | 290.3B | 358.58B | 360.21B | 279.52B | 269.07B | 255.96B | 248.94B |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 1.58T | 1.42T | 1.36T | 1.35T | 1.3T | 1.22T | 1.26T | 1.21T | 1.23T | 1.19T | 1.17T | 1.16T | 1.2T | 1.18T | 1.16T | 1.17T | 1.22T | 1.19T | 1.19T | 1.16T |
| Asset Turnover | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x |
| Asset Growth % | 21.62% | 16.89% | 8.49% | 11.66% | 5.84% | 1.79% | 7.61% | 4.08% | 2.38% | 1.14% | 0.77% | -0.76% | -1.83% | -0.67% | -2.56% | 1.03% | 5.48% | 6.48% | 24.53% | 19.12% |
| Total Current Liabilities | 666.5B | 559.57B | 840.3B | 697.8B | 810.5B | 739.49B | 779.08B | 758.9B | 784.25B | 747.76B | 747.03B | 743.36B | 776.01B | 756.75B | 746.45B | 761.95B | 806.66B | 772.54B | 772.36B | 755.1B |
| Accounts Payable | 259.29B | 415.52B | 226.44B | 215.34B | 201.73B | 175.94B | 216.59B | 205.9B | 214.37B | 208.15B | 200.48B | 216.82B | 220.7B | 216.13B | 229.46B | 234.01B | 243.61B | 228.69B | 240.32B | 233.81B |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 22.67B | 144.05B | 82.43B | 93.07B | 93B | 71.71B | 79.14B | 81.46B | 96.55B | 71.57B | 83.4B | 61.75B | 66.06B | 67.67B | 64.49B | 70.68B | 67.99B | 72.53B | 71.76B | 69.95B |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 356.78B | 0 | 531.43B | 385.22B | 511.98B | 487.9B | 477.87B | 466.21B | 473.33B | 463.68B | 458.43B | 460.62B | 485.3B | 472.95B | 449.1B | 454.36B | 492.4B | 471.33B | 460.28B | 451.34B |
| Current Ratio | 1.61x | 1.17x | 0.26x | 0.45x | 0.22x | 0.66x | 0.68x | 0.64x | 0.66x | 0.72x | 0.66x | 0.64x | 0.63x | 0.72x | 0.64x | 0.64x | 0.74x | 0.77x | 0.78x | 0.78x |
| Quick Ratio | 1.61x | 1.17x | 0.26x | 0.45x | 0.22x | 0.66x | 0.68x | 0.64x | 0.66x | 0.72x | 0.66x | 0.64x | 0.63x | 0.72x | 0.64x | 0.64x | 0.74x | 0.77x | 0.78x | 0.78x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 799.54B | 748.05B | 413.45B | 546.8B | 381.95B | 370.15B | 374.28B | 351.94B | 344.12B | 345.95B | 321.83B | 320.19B | 321.94B | 322.25B | 311.49B | 309.16B | 311.5B | 309B | 311B | 298.54B |
| Long-Term Debt | 371.57B | 327.33B | 332.2B | 343.91B | 303.93B | 288.78B | 295.51B | 276.55B | 272.33B | 267.47B | 250.12B | 250.88B | 253.28B | 241.08B | 223.77B | 228.91B | 230.7B | 232.83B | 230.26B | 223.07B |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 1.47T | 1.31T | 1.25T | 1.24T | 1.19T | 1.11T | 1.15T | 1.11T | 1.13T | 1.09T | 1.07T | 1.06T | 1.1T | 1.08T | 1.06T | 1.07T | 1.12T | 1.08T | 1.08T | 1.05T |
| Total Debt | 394.23B | 475.56B | 414.62B | 436.99B | 396.93B | 360.49B | 374.65B | 358.01B | 368.88B | 339.04B | 333.52B | 312.63B | 319.34B | 308.75B | 288.26B | 299.59B | 298.69B | 305.36B | 302.02B | 293.02B |
| Net Debt | 260.7B | 363.87B | 341.15B | 327.86B | 336.09B | 284.75B | 312.92B | 296.9B | 299.06B | 280.38B | 253.76B | 240.42B | 241.31B | 216B | 216.97B | 211.45B | 203.92B | 218.52B | 221.99B | 207.74B |
| Debt / Equity | 3.42x | 4.22x | 3.73x | 4.00x | 3.68x | 3.42x | 3.58x | 3.52x | 3.68x | 3.39x | 3.33x | 3.08x | 3.13x | 3.05x | 2.82x | 2.92x | 2.87x | 2.86x | 2.82x | 2.71x |
| Debt / EBITDA | 51.03x | 68.94x | 56.21x | 73.70x | 61.93x | 55.03x | 68.23x | 66.98x | 68.69x | 96.81x | 80.70x | 83.73x | 67.95x | 77.17x | 66.79x | 70.66x | 54.01x | 49.89x | 51.11x | 52.11x |
| Net Debt / EBITDA | 33.75x | 52.75x | 46.25x | 55.30x | 52.44x | 43.47x | 56.99x | 55.55x | 55.69x | 80.06x | 61.40x | 64.39x | 51.34x | 53.99x | 50.27x | 49.87x | 36.88x | 35.70x | 37.57x | 36.95x |
| Interest Coverage | 0.56x | 0.48x | 0.46x | 0.37x | 0.49x | 0.45x | 0.35x | 0.36x | 0.39x | 0.17x | 0.31x | 0.32x | 0.49x | 0.40x | 0.94x | 2.50x | 10.57x | 15.17x | 16.92x | 13.16x |
| Total Equity | 115.38B | 112.65B | 111.05B | 109.27B | 107.85B | 105.43B | 104.67B | 101.61B | 100.14B | 99.98B | 100.16B | 101.36B | 101.95B | 101.23B | 102.09B | 102.66B | 104.08B | 106.6B | 107.12B | 108.16B |
| Equity Growth % | 6.99% | 6.85% | 6.1% | 7.54% | 7.7% | 5.45% | 4.51% | 0.24% | -1.78% | -1.23% | -1.89% | -1.27% | -2.04% | -5.03% | -4.7% | -5.08% | -3.27% | 3.34% | 19.26% | 22.9% |
| Book Value per Share | 72.43 | 70.72 | 69.71 | 68.59 | 67.40 | 65.56 | 65.05 | 63.07 | 61.97 | 61.45 | 60.96 | 61.39 | 61.31 | 60.29 | 60.16 | 59.58 | 59.30 | 59.72 | 59.12 | 58.75 |
| Total Shareholders' Equity | 114.29B | 111.63B | 109.96B | 108.18B | 106.81B | 104.51B | 103.65B | 100.71B | 99.2B | 99.04B | 99.21B | 100.39B | 100.83B | 100.14B | 101.01B | 101.6B | 102.9B | 105.44B | 105.9B | 106.87B |
| Common Stock | 20M | 20M | 20M | 20M | 20M | 20M | 20M | 20M | 20M | 20M | 20M | 20M | 20M | 20M | 20M | 20M | 20M | 20M | 20M | 20M |
| Retained Earnings | 118.91B | 115.09B | 112.43B | 109.57B | 107.65B | 104.99B | 102.91B | 101.37B | 99.81B | 98B | 98.01B | 97.15B | 96.39B | 94.86B | 94.06B | 92.89B | 91.72B | 89.43B | 87.1B | 84.79B |
| Treasury Stock | -39.88B | -38.1B | -36.62B | -35.5B | -34.42B | -33.61B | -32.87B | -32.13B | -31.37B | -31.14B | -29.96B | -28.48B | -27.48B | -26.58B | -24.95B | -22.44B | -19.7B | -17.5B | -14.77B | -11.2B |
| Accumulated OCI | -5.51B | -6.29B | -6.35B | -5.91B | -5.96B | -6.81B | -5.99B | -6.76B | -7.06B | -6.42B | -7.2B | -6.3B | -5.71B | -6.25B | -5.76B | -5.02B | -4.9B | -3.1B | -2.7B | -2.52B |
| Minority Interest | 1.1B | 1.02B | 1.09B | 1.09B | 1.03B | 917M | 1.02B | 892M | 942M | 944M | 947M | 975M | 1.13B | 1.09B | 1.08B | 1.07B | 1.17B | 1.16B | 1.22B | 1.29B |