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TEVATeva Pharmaceutical Industries Limited
$33.31$38.8B
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HomeStocksTEVABalance Sheet

Teva Pharmaceutical Industries Limited (TEVA) Balance Sheet

30Y historyFree accessUpdated daily

Despite a reduction in total debt to $16.9 billion as of 2026Q1, the company's leverage remains elevated with a debt-to-equity ratio of 2.05 and a narrow current ratio of 1.01, indicating limited liquidity buffers.

TEVA 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 Assets13.71B13.95B12.55B12.48B12.05B12.57B13.01B13.46B13.79B15.38B16.96B18.4B14.4B13.72B16.36B14.45B12.24B12.14B11.43B9.86B7.64B5.51B4.2B3.72B2.9B2.18B1.61B910.48M776.2M668.8M725.9M
Cash & Short-Term Investments3.74B3.56B3.3B3.23B2.8B2.17B2.18B1.98B1.78B963M988M6.95B2.23B1.04B2.88B1.1B1.28B2.25B1.91B2.88B2.04B2.21B1.04B1.38B1.05B790.14M424.54M94.4M49.2M58.6M69.2M
Cash Only3.74B3.56B3.3B3.23B2.8B2.17B2.18B1.98B1.78B963M988M6.95B2.23B1.04B2.88B1.1B1.25B2B1.85B1.49B1.33B1.28B784.1M1.06B809.9M768.92M420.63M77.18M47.1M50.9M61.2M
Short-Term Investments000000000000000036M253M53M1.39B712M935.5M256.8M322.1M235.7M21.23M3.9M17.23M2.1M7.7M8M
Accounts Receivable3.39B3.71B3.06B3.41B3.7B4.53B4.58B5.68B5.82B7.13B7.52B5.35B5.41B5.34B5.57B6.21B5.48B5.02B4.65B3.55B2.92B2.18B1.87B1.33B0817.59M680.82M464.6M373.8M307.7M328.1M
Days Sales Outstanding76.1478.4567.4978.5190.39104.11100.37122.68112.71116.23125.3799.3797.3795.91100.1123.84123.98131.8153.21137.57126.85151.55142.56148.43-143.65142.01132.24122.27100.56125.56
Inventory3.18B3.18B3.01B4.02B3.83B3.82B4.4B4.42B4.73B4.92B4.95B3.97B4.37B5.05B5.5B5.01B3.87B3.33B3.4B2.44B1.88B1.11B1.29B1B781.1M570.15M503.49M351.48M353.2M302.5M328.6M
Days Inventory Outstanding144.55139.46129.41178.98175.94168.22179.91172.61163.56155.47180.03174.49173.11191.98207.78207.96199.98186.19242.24196.56165.3146.83183.43208.64200.32169.18190.84183.48202.67175.56217.91
Other Current Assets2.33B2.38B2.18B575M559M986M899M521M560M1.27B2.13B1.23B2.39B2.29B2.4B2.13B1.42B1.54B0000000000000
Total Non-Current Assets26.33B26.8B26.77B30.99B31.96B35.09B37.63B44.01B46.89B55.23B75.93B35.86B32.02B33.79B34.25B35.69B26.81B21.67B21.48B13.55B12.83B4.88B5.43B2.2B1.73B1.28B1.25B803.54M659.8M519.6M515.5M
Property, Plant & Equipment4.33B4.42B4.95B6.15B6.16B6.48B6.85B6.95B6.87B7.67B8.07B6.54B6.54B6.63B6.32B5.95B4.36B3.77B3.7B2.52B2.19B1.36B1.28B827.4M675.4M554.14M534.14M478.54M455M417.3M413.7M
Fixed Asset Turnover3.64x3.90x3.34x2.58x2.42x2.45x2.43x2.43x2.75x2.92x2.71x3.00x3.10x3.06x3.22x3.08x3.70x3.69x3.00x3.74x3.83x3.86x3.75x3.96x3.73x3.75x3.28x2.68x2.45x2.68x2.31x
Goodwill15.82B16B15.15B17.18B17.63B20.04B20.62B24.85B24.92B28.41B44.41B19.02B18.41B18.98B18.86B18.29B15.23B12.67B12.3B8.41B8.04B2.46B2.57B00000000
Intangible Assets3.61B3.78B4.42B5.39B6.27B7.47B8.92B11.23B14.01B17.64B21.49B7.67B5.51B6.48B7.75B10.32B5.75B4.05B4.58B1.92B1.99B634.9M714.8M927M736.5M586.22M612.58M293.32M172.2M81.6M85.1M
Long-Term Investments0008M000058M25M88M1.45B176M179M205M991M632M534M425M0613M0000000000
Other Non-Current Assets376M404.99M462M462M441M515M538M591M673M907M1.15B2.62B1.57B1.7B1.34B0000712M613M410.6M843.6M445.1M313.5M141.91M100.05M31.68M32.6M20.7M16.7M
Total Assets40.04B40.75B39.33B43.48B44.01B47.67B50.64B57.47B60.68B70.61B92.89B54.26B46.42B47.51B50.61B50.14B39.05B33.81B32.9B23.41B20.47B10.39B9.63B5.92B4.63B3.46B2.86B1.71B1.44B1.19B1.24B
Asset Turnover0.43x0.42x0.42x0.36x0.34x0.33x0.33x0.29x0.31x0.32x0.24x0.36x0.44x0.43x0.40x0.37x0.41x0.41x0.34x0.40x0.41x0.51x0.50x0.55x0.54x0.60x0.61x0.75x0.78x0.94x0.77x
Asset Growth %0.37%3.61%-9.55%-1.21%-7.67%-5.87%-11.88%-5.29%-14.06%-23.98%71.2%16.89%-2.29%-6.13%0.93%28.4%15.5%2.75%40.54%14.37%97.08%7.84%62.82%27.86%33.72%21.17%66.6%19.36%20.83%-4.27%42.48%
Total Current Liabilities13.53B13.46B12.8B12.25B11.47B11.03B13.16B13.67B14.32B17.92B18.52B13.01B12.29B11.96B12.89B13.85B9.89B7.6B8.48B5.37B4.07B2.26B2.2B1.69B1.52B738.12M783.75M537.57M537.6M427.6M521.7M
Accounts Payable2.6B2.53B2.2B2.6B1.89B1.69B1.76B1.72B1.85B2.07B2.16B1.92B3.17B3.32B3.4B1.13B2.51B2.68B2.26B1.38B2.56B559.77M1.64B1.05B785.7M531.6M161.84M114.45M208.6M182.4M180.5M
Days Payables Outstanding109.5111.0394.81115.8286.6174.2971.7567.0664.0665.3378.3984.39125.59126.02128.2147.01129.8149.95161.55111.41224.9573.77234.44218.21201.5157.7461.3459.75119.7105.86119.7
Short-Term Debt2.61B1.82B1.78B1.67B2.11B1.43B3.19B2.35B2.22B3.65B3.28B1.58B1.76B1.8B3.01B4.28B1.43B1.3B2.91B1.84B742M375.5M560M644.2M738.5M206.52M341.52M276.26M324.5M239.8M341.2M
Deferred Revenue (Current)0000007.29B09.45B11.44B725M735M993M1.08B1.14B2.61B1.35B1.74B1.72B0486M-741.39M212.3M34.6M43.7M000000
Other Current Liabilities7.77B8.37B6.02B5.2B5.32B5.71B246M7.74B9.38B11.66B12.2B7.82B3.38B3.72B6.49B5.78B7.29B5.36B5.05B2.15B01.33B-100K000280.39M146.86M4.5M5.4M0
Current Ratio1.01x1.04x0.98x1.02x1.05x1.14x0.99x0.98x0.96x0.86x0.92x1.41x1.17x1.15x1.27x1.04x1.24x1.60x1.35x1.84x1.88x2.44x1.91x2.19x1.90x2.95x2.05x1.69x1.44x1.56x1.39x
Quick Ratio0.78x0.80x0.75x0.69x0.72x0.79x0.65x0.66x0.63x0.58x0.65x1.11x0.82x0.72x0.84x0.68x0.85x1.16x0.95x1.38x1.42x1.94x1.32x1.60x1.39x2.18x1.41x1.04x0.79x0.86x0.76x
Cash Conversion Cycle111.2106.87102.09141.67179.71198.05208.53228.23212.2206.37227.01189.47144.9161.87179.67284.78194.17168.04233.9222.7267.2224.6191.55138.86-155.09271.51255.97205.24170.26223.77
Total Non-Current Liabilities18.28B19.38B20.81B23.11B23.94B25.39B26.41B28.73B30.57B33.95B39.38B11.33B10.78B12.91B14.85B13.95B7.16B6.95B8.06B4.28B5.22B2.08B2.03B924.9M1.27B1.34B918.88M434.15M238.8M148M184.5M
Long-Term Debt14.02B15.27B16B18.16B19.1B21.62B22.73B24.56B26.7B28.83B32.52B8.38B8.57B10.39B11.71B10.24B4.1B3.49B3.65B3.35B2.13B1.77B0815.4M01.25B813.89M391.42M201.7M129.9M161.1M
Capital Lease Obligations1.15B288M296M320M349M416M479M435M00000000-208M00000000000000
Deferred Tax Liabilities1.41B296M483M606M548M784M964M1.1B2.14B3.28B5.21B1.75B1.1B1.25B1.85B2.61B2.05B1.74B1.72B459M486M219.3M212.3M34.6M43.7M39.03M64.87M31.69M33.2M13.8M14.5M
Other Non-Current Liabilities3.71B3.52B4.03B4.02B3.94B2.58B2.24B2.64B1.73B1.84B1.64B1.2B1.11B1.27B1.29B1.11B790M2.21B2.69B475M3.1B84.4M2.03B74.9M1.27B53.28M40.12M11.04M3.9M4.3M8.9M
Total Liabilities31.81B32.83B33.61B35.35B35.41B36.42B39.58B42.41B44.89B51.87B57.9B24.33B23.07B24.87B27.74B27.8B17.05B14.55B16.54B9.65B9.29B4.34B4.23B2.62B2.79B2.08B1.7B971.72M776.4M575.6M706.2M
Total Debt16.91B17.38B18.08B20.15B21.56B23.46B26.4B27.34B28.92B32.48B35.8B9.97B10.33B12.19B14.72B14.52B5.53B6.34B8.44B5.19B5.33B2.15B2.07B1.46B1.9B1.45B1.16B667.68M526.2M369.7M502.3M
Net Debt13.17B13.83B14.78B16.93B18.76B21.29B24.22B25.37B27.13B31.51B34.81B3.02B8.1B11.15B11.84B13.42B4.28B4.34B6.59B3.7B4B873.2M1.29B402.3M1.09B684.48M734.78M590.5M479.1M318.8M441.1M
Debt / Equity2.05x2.20x3.16x2.48x2.51x2.09x2.39x1.82x1.83x1.73x1.02x0.33x0.44x0.54x0.64x0.65x0.25x0.33x0.52x0.38x0.48x0.36x0.38x0.44x1.04x1.05x1.00x0.90x0.80x0.60x0.94x
Debt / EBITDA5.14x5.50x23.91x12.71x-7.70x-21.38x141.05x-9.81x2.14x1.89x3.70x3.76x3.47x1.14x1.91x5.15x1.78x4.32x1.38x2.60x1.45x3.06x3.09x3.40x2.50x2.58x1.64x2.90x
Net Debt / EBITDA4.00x4.38x19.55x10.67x-6.99x-19.83x132.36x-9.54x0.65x1.48x3.39x3.03x3.21x0.88x1.31x4.02x1.27x3.24x0.56x1.62x0.40x1.76x1.46x2.16x2.21x2.35x1.41x2.55x
Interest Coverage2.51x2.34x3.58x0.39x-2.40x3.46x4.05x2.84x-1.88x-19.66x1.03x5.64x14.27x5.55x-20.85x17.10x10.46x3.60x-0.78x298.18x0.98x-31.19x8.73x1.94x6.03x3.03x4.05x2.81x
Total Equity8.23B7.91B5.72B8.13B8.6B11.24B11.06B15.06B15.79B18.75B34.99B29.93B23.36B22.64B22.87B22.34B22B19.26B16.36B13.76B11.18B6.05B5.4B3.3B1.83B1.38B1.15B742.3M659.6M612.8M535.2M
Equity Growth %87.43%38.35%-29.61%-5.49%-23.53%1.65%-26.57%-4.63%-15.74%-46.43%16.93%28.14%3.18%-1.01%2.35%1.55%14.24%17.72%18.9%23.11%84.73%12.05%63.82%79.69%32.65%19.94%55.33%12.54%7.64%14.5%31.31%
Book Value per Share6.986.755.067.267.7510.1610.1013.8115.4718.4536.4134.6427.2226.6326.1925.0223.8921.4919.9516.5813.888.887.855.593.272.532.211.511.351.251.09
Total Shareholders' Equity8.23B7.91B5.37B7.51B7.8B10.28B10.03B13.97B14.71B17.36B33.34B29.77B23.31B22.57B22.77B22.2B21.95B19.22B16.3B13.72B11.14B6.04B5.39B3.29B1.83B1.38B1.15B742.28M658.8M612M534.2M
Common Stock-4.07B58M58M57M57M57M57M56M56M54M54M52M50M50M50M50M49M49M48M46M46M42.6M42.1M34.3M33.9M31.03M31.03M183.62M175.4M173.1M170.2M
Retained Earnings-13.39B-13.76B-15.17B-13.53B-12.97B-10.53B-10.95B-6.96B-5.96B-3.8B13.61B14.85B14.44B12.54B12.35B11.28B9.32B6.66B5.29B5.04B3.4B3.08B2.17B1.96B1.35B970.42M728.34M603.96M506.1M456.7M376.4M
Treasury Stock0-4.13B-4.13B-4.13B-4.13B-4.13B-4.13B-4.13B-4.14B-4.15B-4.19B-4.23B-3.95B-3.56B-3.08B-1.92B-1.02B-924M-924M-982M-830M-617.4M000000000
Accumulated OCI-2.51B-2.39B-3.15B-2.7B-2.84B-2.68B-2.4B-2.31B-2.46B-1.85B-3.16B-1.96B-1.34B-91M-17M-589M350M555M390M1.36B651M-471.7M140.4M135.5M-31.7M-101.3M-84.22M-25.61M-19.1M-15.4M-15.9M
Minority Interest4M4M347M620M794M966M1.03B1.09B1.09B1.39B1.66B158M42M71M99M148M55M37M60M36M35M8M10.9M6.7M4.9M2.16M1.64M17K800K800K1M

Key Metrics

Growth RegimeMixed
ProfitabilityStrained
Balance SheetStrained
Cash FlowImproving
Top Statement Risk

High Debt Refinancing Burden

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q1)

Deleveraging Amidst Persistent Structural Fragility

As reported in recent financial statements, Teva has successfully reduced its total debt from $20.2 billion in 2023Q4 to $16.9 billion by 2026Q1, yet the company's equity base remains pressured by a persistent negative retained earnings balance of $13.4 billion, signaling a long-term recovery trajectory.

The reduction in debt suggests a disciplined focus on balance sheet repair, which is essential given the company's historical over-leverage. However, the persistent negative retained earnings indicate that past impairment charges and legal settlements continue to weigh heavily on the company's book value, limiting its financial flexibility.

Leverage Ratios Reflecting Ongoing Risk

Based on quarterly data, Teva's debt-to-equity ratio has improved from a peak of 3.16 in 2024Q4 to 2.05 in 2026Q1, though this metric remains elevated compared to industry peers, suggesting that the company's capital structure remains highly sensitive to interest rate fluctuations and refinancing requirements.

While the downward trend in the D/E ratio is a positive development, the absolute level of debt remains a significant burden that necessitates consistent cash flow generation. Investors should monitor whether the company can maintain this deleveraging pace without sacrificing necessary R&D investment in its specialty pipeline.

Tight Liquidity Buffers Require Monitoring

According to recent SEC filings, Teva's current ratio has hovered near parity, moving from 1.02 in 2023Q4 to 1.01 in 2026Q1, which indicates a narrow margin of safety for meeting short-term obligations and leaves little room for operational shocks or unexpected legal outflows.

The proximity of the current ratio to 1.0 suggests that the company is operating with minimal working capital headroom. This tight liquidity position implies that any disruption in generic cash flows or a sudden spike in operational costs could force the company to rely on external financing, which may be costly.

Goodwill Impairment Risk Remains Elevated

As disclosed in financial filings, Teva carries $15.8 billion in goodwill as of 2026Q1, representing nearly 40% of total assets, which suggests that the balance sheet remains vulnerable to future non-cash impairment charges if the performance of acquired generic assets continues to face pricing pressure.

The high concentration of goodwill relative to total assets is a critical distortion that masks the true economic value of the company's tangible manufacturing base. If the generic market environment fails to stabilize, these intangible assets may require further write-downs, which would further erode the already thin equity base.

TEVA — Frequently Asked Questions

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

What are the total assets of Teva Pharmaceutical Industries Limited (TEVA)?

As of 2025, Teva Pharmaceutical Industries Limited (TEVA) had total assets of $40.75B including $13.95B in current assets.

How much debt does Teva Pharmaceutical Industries Limited (TEVA) have?

Teva Pharmaceutical Industries Limited (TEVA) carries total debt of $17.38B, offset by $3.56B 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 Teva Pharmaceutical Industries Limited?

Teva Pharmaceutical Industries Limited (TEVA) has total shareholders' equity (book value) of $7.91B ($6.75 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is Teva Pharmaceutical Industries Limited's current ratio and liquidity?

Teva Pharmaceutical Industries Limited (TEVA) reported a current ratio of 1.04x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.