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PHGKoninklijke Philips N.V.
$27.21$25.9B
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HomeStocksPHGBalance Sheet

Koninklijke Philips N.V. (PHG) Balance Sheet

30Y historyFree accessUpdated daily

The company maintains a debt-to-equity ratio of 0.71 as of 2026Q1, reflecting a reliance on external financing to manage $9.6 billion in goodwill and ongoing operational liabilities.

PHG Balance Sheet

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly
MetricTTMDec'25Dec'24Dec'23Dec'22Dec'21Dec'20Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07Dec'06Dec'05Dec'04Dec'03Dec'02Dec'01Dec'00Dec'99Dec'98Dec'97Dec'96
Total Current Assets9.79B9.93B10.02B9.94B10.26B10.35B11.23B9.46B9.57B10.12B14.07B12.69B12.41B11.47B12.53B12.48B14.6B11.91B12.03B17.86B14.96B15.09B13.31B11.48B11.06B11.48B13.32B14.92B16.18B14.21B14.93B
Cash & Short-Term Investments2.59B2.79B2.4B1.87B1.18B2.31B3.23B1.43B2.12B1.94B2.44B1.78B2B2.48B3.83B3.15B5.83B4.39B3.62B8.78B6.02B5.29B4.35B3.07B1.86B1.02B1.2B3.86B6.52B1.69B989.07M
Cash Only2.59B2.79B2.4B1.87B1.17B2.3B3.23B1.43B1.69B1.94B2.33B1.77B1.87B2.46B3.83B3.15B5.83B4.39B3.62B8.78B6.02B5.29B4.35B3.07B1.86B891.26M1.09B2.34B6.52B1.69B989.07M
Short-Term Investments002M3M11M2M01M436M2M101M12M125M10M00000000000130.37M111.8M1.53B000
Accounts Receivable3.31B3.53B3.67B4.25B4.65B4.29B4.16B5.02B4.18B4.2B5.63B5.1B4.86B4.75B4.68B4.99B4.43B3.98B4.29B4.68B4.73B4.63B4.52B4.62B5.07B5.82B6.52B6.1B5.11B5.2B6.28B
Days Sales Outstanding69.5172.2574.3785.495.2791.2387.64106.8484.2486.383.8176.7282.9874.2968.9480.6763.6762.6959.3363.6164.0255.754.5158.1858.1365.5962.6770.5661.5755.3671.86
Inventory3.11B2.87B3.2B3.49B4.05B3.45B2.99B2.77B2.67B2.35B3.39B3.46B3.31B3.24B3.5B3.63B3.87B2.91B3.37B3.21B2.88B3.48B3.23B3.2B3.53B4.3B5.29B4.58B4.25B5.12B4.97B
Days Inventory Outstanding117.32107.16113.9118.85138.99126.08116.21110.03102.0189.4689.0487.8591.7486.6982.9594.9788.8870.3768.6766.3356.2761.7458.4959.7958.6868.6467.1668.0264.6872.4273.64
Other Current Assets775.81M738M511M129M200M132M682M53M776M1.71B2.66B2.49B2.3B946M852M1.13B465M627M749M1.19B1.18B2.09B1.22B0952.97K0-1.06M993.79K-64.8M2.64B1.86B
Total Non-Current Assets17.5B17.01B18.95B19.47B20.43B20.61B16.49B17.56B16.45B15.2B18.23B18.28B15.95B15.09B16.55B16.49B17.67B18.62B19.76B18.54B23.53B18.74B17.39B17.47B21.26B27.04B25.33B14.67B11.82B12.46B10.47B
Property, Plant & Equipment2.18B2.22B2.45B2.48B2.64B2.7B2.68B2.87B1.71B1.59B2.15B2.32B2.1B2.78B2.96B3.01B3.27B3.25B3.5B3.19B3.1B4.89B4.99B4.87B6.14B7.73B9.07B7.35B6.54B7.23B7.2B
Fixed Asset Turnover7.98x8.04x7.35x7.31x6.76x6.36x6.46x5.98x10.58x11.18x11.38x10.44x10.21x8.39x8.38x7.49x7.79x7.13x7.55x8.43x8.70x6.21x6.07x5.95x5.19x4.19x4.19x4.29x4.63x4.75x4.43x
Goodwill9.62B9.27B10.38B9.88B10.24B10.64B8.01B8.65B8.5B7.73B8.9B8.52B7.16B6.5B6.95B7.02B8.04B7.36B7.28B4.14B3.82B0000000000
Intangible Assets2.69B2.57B2.98B3.19B3.53B3.65B3B3.47B3.59B3.32B3.55B3.69B3.37B3.26B3.73B4B4.2B4.16B4.48B2.16B1.91B4.04B2.8B3.76B4.94B7.28B4.44B2.83B550.82M1.6B1.46B
Long-Term Investments3.37B852M889M1B1.2B1.06B670M481M604M729M525M670M619M657M726M203M181M281M293M000000000000
Other Non-Current Assets121.13M2.1B332M287M381M355M303M225M211M227M306M317M246M207M270M544M642M2.32B3.28B9.06B13.56B9.81B9.59B8.84B10.18B12.02B11.82B4.48B4.73B3.64B1.81B
Total Assets27.29B26.94B28.98B29.41B30.69B30.96B27.71B27.02B26.02B25.32B32.3B30.98B28.35B26.56B29.08B28.97B32.27B30.53B31.79B36.4B38.5B33.83B30.7B28.95B32.32B38.52B38.65B29.58B27.99B26.67B25.4B
Asset Turnover0.66x0.66x0.62x0.62x0.58x0.55x0.62x0.63x0.70x0.70x0.76x0.78x0.75x0.88x0.85x0.78x0.79x0.76x0.83x0.74x0.70x0.90x0.99x1.00x0.99x0.84x0.98x1.07x1.08x1.29x1.26x
Asset Growth %-17.04%-7.01%-1.46%-4.18%-0.88%11.72%2.58%3.83%2.78%-21.63%4.28%9.26%6.75%-8.67%0.39%-10.24%5.71%-3.97%-12.66%-5.45%13.78%10.21%6.05%-10.42%-16.1%-0.33%30.65%5.67%4.96%5%0.19%
Total Current Liabilities7.44B7.51B8.14B8.29B7.93B7.45B7.74B6.98B7.94B6.87B10.47B10.07B9.23B8.48B9.96B9.34B10.76B8.05B8.91B9.65B9.13B10.37B9.17B9.23B9.13B10.94B11.56B9.63B8.86B10.76B10.41B
Accounts Payable1.99B1.93B1.83B1.92B1.97B1.87B2.12B2.09B2.3B2.09B2.85B2.67B2.5B2.46B2.83B3.34B3.69B2.87B112M3.09B3.17B3.45B3.5B3.2B3.23B3.25B4.27B3.64B2.95B2.87B2.75B
Days Payables Outstanding69.4471.9565.1865.2667.5668.4182.2782.8987.8579.4674.7667.8169.1865.8867.2887.584.8769.332.2863.8561.9761.3263.3759.8153.7851.8854.1254.144.9140.5840.75
Short-Term Debt1.21B1.15B224M123M95M53M962M110M1.3B585M1.58B1.67B392M592M809M582M1.84B627M722M2.35B863.01M1.17B960.46M1.68B617.52M1.27B1.75B578.39M796.38M974.54M2.56B
Deferred Revenue (Current)4.72B01.7B1.81B1.7B1.49B1.24B1.17B878M372M451M375M312M240M308M3.98B3.91B3.85B4.68B2.99B3.34B3.63B3.3B2.75B3.32B4.14B3.71B3.56B2.89B4.17B0
Other Current Liabilities2.42B2.81B2.19B1.93B1.95B1.39B785M937M2.09B1.96B3.09B3.07B3.67B2.55B2.76B1.76B1.94B1.7B4.45B1.22B1.8B2.47B1.41B1.6B1.97B2.27B1.84B1.56B2.2B4.19B1.56B
Current Ratio1.32x1.32x1.23x1.20x1.29x1.39x1.45x1.36x1.21x1.47x1.34x1.26x1.34x1.35x1.26x1.34x1.36x1.48x1.35x1.85x1.64x1.46x1.45x1.24x1.21x1.05x1.15x1.55x1.83x1.32x1.43x
Quick Ratio0.90x0.94x0.84x0.78x0.78x0.93x1.06x0.96x0.87x1.13x1.02x0.92x0.99x0.97x0.91x0.95x1.00x1.12x0.97x1.52x1.32x1.12x1.10x0.90x0.83x0.66x0.69x1.07x1.35x0.84x0.96x
Cash Conversion Cycle117.39107.45123.1138.99166.7148.89121.57133.9898.3996.398.0996.76105.5495.184.6188.1367.6763.73125.7266.158.3256.1249.6358.1763.0482.3675.784.4881.3587.2104.76
Total Non-Current Liabilities8.43B8.45B8.79B9.06B9.47B9.04B8.08B7.41B5.96B6.43B8.32B9.13B8.16B6.86B7.95B7.23B6.42B7.83B7.28B4.99B6.24B6.48B6.4B6.81B9.07B8.89B4.82B4.81B4.78B6.1B7.86B
Long-Term Debt6.9B6.93B6.19B6.09B6.17B4.77B4.76B3.77B3.19B3.85B3.83B3.95B3.57B3.16B3.55B3.28B2.82B3.64B3.47B1.21B3.01B3.32B3.55B4.18B6.5B6.61B2.29B2.74B2.77B3.29B3.59B
Capital Lease Obligations00854M864M852M963M948M1.11B236M195M194M145M141M145M178M0000000000000000
Deferred Tax Liabilities244.09M081M71M91M83M59M143M152M33M66M164M107M76M92M77M171M530M584M000000000000
Other Non-Current Liabilities998.04M1.51B1.23B1.56B1.85B2.77B1.91B2.05B2.53B2.1B4.3B5.03B4.45B3.55B2B2B1.71B1.93B1.44B3.78B3.23B3.17B2.85B2.62B2.57B2.29B2.53B2.07B2.01B2.82B4.26B
Total Liabilities15.86B15.96B16.93B17.34B17.41B16.49B15.81B14.39B13.9B13.29B18.8B19.2B17.38B15.33B17.91B16.58B17.18B15.88B16.2B14.64B15.37B16.85B15.57B16.03B18.21B19.83B16.38B14.45B13.63B16.86B18.27B
Total Debt8.11B8.09B7.49B7.29B7.34B6.05B6.93B5.26B4.82B4.72B5.61B5.76B4.1B3.9B4.53B3.86B4.66B4.27B4.19B3.56B3.87B4.48B4.51B5.87B7.12B7.88B4.04B3.32B3.57B4.26B6.16B
Net Debt5.51B5.29B5.09B5.42B6.17B3.74B3.71B3.83B3.13B2.78B3.27B3.99B2.23B1.44B700M713M-1.18B-119M568M-5.22B-2.15B-805.47M164.5M2.8B5.26B6.99B2.95B985.84M-2.95B2.57B5.17B
Debt / Equity0.71x0.74x0.62x0.60x0.55x0.42x0.58x0.42x0.40x0.39x0.42x0.49x0.37x0.35x0.41x0.31x0.31x0.29x0.27x0.16x0.17x0.26x0.30x0.45x0.50x0.42x0.18x0.22x0.25x0.43x0.86x
Debt / EBITDA3.12x3.17x3.91x6.36x100.58x3.22x2.97x2.32x1.72x1.86x1.78x2.53x2.45x1.17x1.84x3.25x1.34x2.05x3.37x1.32x1.92x1.37x1.16x2.35x2.73x5.52x0.61x0.92x1.39x1.09x2.47x
Net Debt / EBITDA2.12x2.08x2.65x4.73x84.52x2.00x1.59x1.69x1.12x1.09x1.04x1.76x1.33x0.43x0.28x0.60x-0.34x-0.06x0.46x-1.93x-1.07x-0.25x0.04x1.12x2.02x4.89x0.45x0.27x-1.15x0.66x2.07x
Interest Coverage4.38x4.56x1.36x-0.72x-6.09x4.10x8.69x8.22x6.46x6.16x2.42x1.67x1.45x4.81x1.98x-1.04x6.81x2.15x6.70x----2.04x0.15x0.02x----0.44x
Total Equity11.43B10.99B12.04B12.06B13.28B14.47B11.9B12.63B12.12B12.02B13.51B11.78B10.97B11.23B11.17B12.39B15.09B14.64B15.64B21.76B23.13B16.98B15.13B12.92B14.11B18.69B22.27B15.13B14.36B9.81B7.14B
Equity Growth %-35.18%-8.75%-0.15%-9.2%-8.23%21.63%-5.73%4.19%0.78%-10.99%14.67%7.4%-2.31%0.47%-9.81%-17.91%3.06%-6.36%-28.13%-5.91%36.17%12.25%17.15%-8.47%-24.49%-16.08%47.13%5.39%46.41%37.44%4.62%
Book Value per Share11.8011.4212.9012.7113.9515.2312.4312.9812.1511.9413.6511.9711.1511.4211.3112.1414.9414.7914.7218.6018.3512.7111.069.4910.3813.7215.7011.0510.497.165.10
Total Shareholders' Equity11.4B10.96B12.01B12.03B13.25B14.44B11.87B12.6B12.09B12B12.6B11.66B10.87B11.21B11.14B12.36B15.05B14.6B15.59B21.72B23B16.65B14.85B12.74B13.93B18.48B21.8B14.8B14.12B8.73B6.44B
Common Stock193.2M193M188M183M178M177M182M179M185M188M186M186M187M188M191M202M197M194M194M228.39M228.06M262.58M262.61M262.82M263.02M262.99M264.06M339.88M1.66B1.64B1.63B
Retained Earnings3.72B3.58B3.65B5.4B6.83B9.34B7.83B8.3B8.27B8.6B8.23B8.04B8.79B10.41B10.71B12.92B15.42B15.95B18.44B25.6B22.09B21.69B19.33B16.94B16.75B19.51B9.63B1.8B10.64B5.32B3.13B
Treasury Stock-265.28M-298M-411M-262M-275M-476M-199M-201M-399M-481M-181M-363M-547M-718M-1.1B-1.69B-1.08B-1.19B-1.29B-2.22B-922.87M-2.92B-1.24B-1.25B-1.31B-1.3B00000
Accumulated OCI538.56M274M1.93B879M1.49B748M-340M652M11.9B11.81B1.28B1.13B256M-467M35M52M00-3.24B-1.89B1.61B-2.47B-3.6B-3.28B-1.79B011.9B11.02B000
Minority Interest26.03M32M37M33M34M36M31M28M29M24M907M118M101M13M34M34M46M49M46M41.84M131.08M331.81M282.53M174.69M179.16M202.3M470.62M333.91M240.45M1.08B699.02M

Key Metrics

Growth RegimeContracting
ProfitabilityStrained
Balance SheetStrained
Cash FlowMixed
Top Statement Risk

Litigation and regulatory overhang

Balance Sheet Stability Remains Elusive

According to recent financial disclosures, the company's total assets have contracted from $29.4 billion in 2023Q4 to $27.3 billion in 2026Q1, reflecting a persistent trend of balance sheet shrinkage that complicates the firm's ability to support long-term growth initiatives amidst ongoing operational and legal restructuring efforts.

The reduction in total asset value suggests that the company is struggling to replace its divested business units with high-quality, revenue-generating assets. Investors should monitor whether this contraction is a deliberate optimization of the capital base or a symptom of a shrinking competitive footprint in the medical device market.

Leverage Ratios Reflect Heightened Risk

Based on reported figures, the debt-to-equity ratio has fluctuated between 0.60 and 0.81 over the last ten quarters, indicating that management is maintaining a significant reliance on external financing to navigate the substantial cash outflows associated with product recalls and ongoing litigation settlements.

While the current leverage levels are not immediately catastrophic, the lack of a clear downward trend in debt suggests that the company's cash flow generation is insufficient to deleverage organically. This reliance on debt in a high-interest rate environment may continue to constrain the firm's financial flexibility and limit its capacity for strategic R&D investment.

Liquidity Buffers Remain Marginally Adequate

As reported in recent filings, the current ratio has hovered near 1.32 as of 2026Q1, providing a modest buffer against short-term obligations, though the volatility in cash balances—which dropped to $1.2 billion in 2025Q1—suggests that the company's liquidity position remains highly sensitive to operational shocks.

The current ratio appears sufficient for day-to-day operations, but it offers little room for error given the unpredictable nature of legal liabilities and potential regulatory fines. The firm's liquidity profile warrants close observation, as any further erosion in cash reserves could force management to seek more expensive or dilutive financing options.

Goodwill Impairment Risks Cloud Valuation

Based on the provided balance sheet data, goodwill remains a significant component of total assets at $9.6 billion in 2026Q1, representing a substantial portion of equity that may be subject to future impairment charges if the company fails to achieve its projected turnaround in core segments.

The high concentration of goodwill relative to total equity suggests that the company's book value may be overstated if the underlying business units do not meet performance expectations. Investors should be wary of the potential for non-cash write-downs, which could further erode the equity base and negatively impact the firm's reported financial health.

PHG — Frequently Asked Questions

Quick answers to the most common questions about buying PHG stock.

What are the total assets of Koninklijke Philips N.V. (PHG)?

As of 2025, Koninklijke Philips N.V. (PHG) had total assets of $26.94B including $9.93B in current assets.

How much debt does Koninklijke Philips N.V. (PHG) have?

Koninklijke Philips N.V. (PHG) carries total debt of $8.09B, offset by $2.79B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.

What is the book value or shareholders' equity of Koninklijke Philips N.V.?

Koninklijke Philips N.V. (PHG) has total shareholders' equity (book value) of $10.96B ($11.42 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is Koninklijke Philips N.V.'s current ratio and liquidity?

Koninklijke Philips N.V. (PHG) reported a current ratio of 1.32x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.