ASML Holding N.V. (ASML) Balance Sheet

NASDAQ: ASMLAssets, liabilities, debt and equity over 10 years.

ASML balance sheet, 2025

December 31, 2025 · euros

€50.57B assets = €30.95B liabilities + €19.61B equity

What it owns€50.57BCash & ST investments: €13.32B (26.3%)Cash & ST investments€13.32B · 26%Receivables: €4.62B (9.1%)Receivables €4.62BInventory: €11.43B (22.6%)Inventory€11.43B · 23%Other current: €1.25B (2.5%)PP&E: €8.23B (16.3%)PP&E€8.23B · 16%Goodwill & intangibles: €5.13B (10.1%)€5.13BLT investments: €2.14B (4.2%)Other non-current: €4.44B (8.8%)Other non-current €4.44B=How it is financed€50.57BCurrent liabilities: €24.26B (48.0%)Current liabilities€24.26B · 48%Long-term debt: €2.71B (5.4%)Other LT liabilities: €3.98B (7.9%)€3.98BShareholders’ equity: €19.61B (38.8%)Shareholders’ equity€19.61B · 39%

Both columns are drawn to the same scale: what ASML owns equals what it owes plus shareholders’ equity. Hover a block for its value.

ASML financial health

Current ratio1.26
Adequate · current assets cover current liabilities 1.26×
Debt / equity0.22
Low leverage · €0.22 of debt for each $1 of equity
Equity / assets38.8%
Balanced · of assets funded by shareholders
Cash / debt303.4%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles10.1%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

ASML balance sheet trends, 2016–2025

MetricTrendThenLatestChange
Total assets€17.21B2016€50.57B2025+12.7%/yr
Total liabilities€7.39B2016€30.95B2025+17.3%/yr
Shareholders’ equity€9.82B2016€19.61B2025+8.0%/yr
Cash & short-term investments€4.06B2016€13.32B2025+14.1%/yr
Total debt€3.32B2016€4.39B2025+3.2%/yr
Net cash (debt)€737.4M2016€8.93B2025+€8.2B
Working capital€5.28B2016€6.35B2025+€1.1B
Current ratio2.6120161.262025−1.35
Debt / equity0.3420160.222025−0.11
Shares outstanding428.0M2016388.9M2025−1.1%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

ASML assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

ASML liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

ASML debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

ASML balance sheet in euros

2025202420232022202120202019201820172016
Assets
Cash & short-term investments€13.32B€12.74B€7.01B€7.38B€7.59B€7.35B€4.72B€4.03B€3.29B€4.06B
Cash & equivalents€12.92B€12.74B€7.00B€7.27B€6.95B€6.05B€3.53B€3.12B€2.26B€2.91B
Short-term investments€405.9M€5.4M€5.4M€107.7M€638.5M€1.30B€1.19B€913.3M€1.03B€1.15B
Receivables€4.62B€5.44B€7.26B€7.05B€4.56B€3.33B€2.85B€2.40B€1.89B€1.16B
Inventory€11.43B€11.71B€9.54B€7.68B€5.47B€4.84B€3.81B€3.44B€2.96B€2.78B
Other current assets€1.25B€845.4M€584.4M€962.3M€575.3M€410.3M€594.1M€555.7M€867.3M€560.4M
Total current assets€30.62B€30.74B€24.39B€23.06B€18.19B€15.93B€11.97B€10.43B€9.01B€8.56B
Property, plant & equipment (net)€8.23B€7.23B€5.80B€4.14B€3.15B€2.82B€2.32B€1.73B€1.60B€1.69B
Goodwill & intangible assets€5.13B€5.21B€5.33B€5.40B€5.51B€5.68B€7.08B€7.16B€5.71B€6.20B
Long-term investments€2.14B€903.0M€919.6M€923.6M€892.5M€820.7M€833.0M€915.8M€982.2M€140.2M
Other non-current assets€4.44B€4.51B€3.51B€2.78B€2.49B€2.02B€1.82B€1.45B€899.3M€624.2M
Total assets€50.57B€48.59B€39.96B€36.30B€30.23B€27.27B€24.04B€21.68B€18.20B€17.21B
Liabilities
Accounts payable€3.52B€3.50B€2.35B€2.57B€2.12B€1.38B€1.06B€964.0M€837.3M€593.2M
Short-term debt€1.68B€1.01B€100,000€746.2M€509.1M€15.4M€1.10B€187.9M€25.2M€247.7M
Deferred revenue€16.01B€12.57B€11.44B€12.48B€7.94B€3.95B€2.53B€1.73B€1.53B€201.9M
Total current liabilities€24.26B€20.05B€16.27B€17.98B€12.30B€6.60B€4.69B€3.79B€3.34B€3.28B
Long-term debt€2.71B€3.68B€4.63B€3.51B€4.08B€4.66B€3.11B€3.03B€3.00B€3.07B
Lease obligations——————€0€0€0€0
Other long-term liabilities€3.98B€6.38B€5.60B€5.99B€3.72B€2.14B€2.36B€1.92B€1.18B€1.03B
Total liabilities€30.95B€30.11B€26.51B€27.49B€20.09B€13.40B€10.16B€8.73B€7.52B€7.39B
Shareholders' equity
Common stock & paid-in capital€34.9M€35.4M€36.0M€36.3M€36.5M€37.6M€38.2M€38.6M€38.8M€39.4M
Retained earnings (deficit)€17.59B€14.41B€12.38B€9.05B€8.32B€10.73B€9.52B€9.20B€7.21B€6.28B
Treasury stock——————−€1.02B−€1.62B−€557.9M−€796.2M
Accumulated other comprehensive income€135.8M€454.1M€345.0M€428.3M€333.5M€179.4M€277.8M€285.0M€251.5M€601.2M
Minority interest——————€0€0€0€0
Total shareholders' equity€19.61B€18.48B€13.45B€8.81B€10.14B€13.87B€13.88B€12.94B€10.68B€9.82B
Key figures
Total debt€4.39B€4.69B€4.63B€4.26B€4.58B€4.68B€4.21B€3.21B€3.03B€3.32B
Net cash (debt)€8.93B€8.05B€2.38B€3.12B€3.01B€2.67B€508.2M€820.0M€263.0M€737.4M
Working capital€6.35B€10.69B€8.12B€5.08B€5.89B€9.33B€7.28B€6.64B€5.67B€5.28B
Tangible book value€14.48B€13.27B€8.12B€3.41B€4.63B€8.19B€6.79B€5.79B€4.97B€3.62B
Shares outstanding388.9M393.6M394.1M398.0M410.4M419.1M421.6M426.4M431.6M428.0M
Current ratio1.261.531.501.281.482.412.552.752.702.61
Quick ratio0.740.910.880.800.991.621.611.701.551.59
Debt / equity0.220.250.340.480.450.340.300.250.280.34
Equity / assets38.8%38.0%33.7%24.3%33.5%50.8%57.7%59.7%58.7%57.1%

Quarterly columns are labeled by the month the quarter ended. Figures in euros as reported (latest annual report filed December 31, 2025); data from EODHD.

ASML financial position

At the end of fiscal 2025 (December 31, 2025), ASML had total assets of €50.6 billion (up 4.1% from a year earlier), total liabilities of €31.0 billion and shareholders' equity of €19.6 billion. It held €13.3 billion in cash and short-term investments against €4.4 billion of debt, a net cash position of €8.9 billion. Its current ratio was 1.26. In the latest quarter (ended September 30, 2026) total assets were €59.0 billion and equity €22.1 billion.

Related: ASML income statement, ASML cash flow statement, ASML key metrics. See the ASML stock overview for the latest quote and news.

ASML balance sheet FAQ

What are ASML's total assets?

ASML reported total assets of €50.6 billion at the end of fiscal 2025 (December 31, 2025), compared with €48.6 billion a year earlier.

How much debt does ASML have?

ASML had €4.4 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.22.

How much cash does ASML have?

ASML held €13.3 billion in cash and short-term investments at the end of fiscal 2025; with €4.4 billion of debt that is net cash of €8.9 billion.

What is ASML's book value?

ASML's shareholders' equity (book value) was €19.6 billion at the end of fiscal 2025.

What is ASML's current ratio?

ASML had current assets of €30.6 billion and current liabilities of €24.3 billion, a current ratio of 1.26 (it can cover its short-term obligations).

How much goodwill does ASML have?

ASML carried €5.1 billion of goodwill and intangible assets, 10.1% of total assets, at the end of fiscal 2025.

Semiconductor Equipment & Materials: balance sheet