Braskem S.A. (BAK) Balance Sheet
BAK balance sheet, 2025
December 31, 2025 · Brazilian reaisR$81.84B assets = R$98.33B liabilities + −R$16.49B equity
Liabilities exceed assets: shareholders’ equity is negative (−R$16.49B).
Both columns are drawn to the same scale: what BAK owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BAK financial health
Current ratio0.76
Tight · current assets cover current liabilities 0.76×
Equity / assets−19.7%
Thin equity · of assets funded by shareholders
Cash / debt16.6%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles3.7%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
BAK balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | R$51.82B2016 | R$81.84B2025 | +5.2%/yr | |
| Total liabilities | R$50.10B2016 | R$98.33B2025 | +7.8%/yr | |
| Shareholders’ equity | R$1.72B2016 | −R$16.14B2025 | — | |
| Cash & short-term investments | R$7.47B2016 | R$11.83B2025 | +5.2%/yr | |
| Total debt | R$36.28B2016 | R$71.28B2025 | +7.8%/yr | |
| Net cash (debt) | −R$28.81B2016 | −R$59.45B2025 | −R$30.6B | |
| Working capital | −R$6.78B2016 | −R$9.77B2025 | −R$3.0B | |
| Current ratio | 0.712016 | 0.762025 | +0.05 | |
| Debt / equity | 21.082016 | 18.272023 | −2.81 | |
| Shares outstanding | 397.7M2016 | 398.6M2025 | +0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BAK assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
BAK liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
BAK debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BAK balance sheet in Brazilian reais
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | R$11.83B | R$16.77B | R$19.14B | R$14.76B | R$11.34B | R$16.17B | R$6.08B | R$7.93B | R$6.08B | R$7.47B |
| Cash & equivalents | R$10.50B | R$14.99B | R$14.19B | R$12.47B | R$8.68B | R$13.86B | R$3.77B | R$5.55B | R$3.78B | R$6.70B |
| Short-term investments | R$1.34B | R$1.79B | R$4.96B | R$2.29B | R$106.3M | R$53.9M | R$2.30B | R$49.6M | R$485.8M | R$764.9M |
| Receivables | R$8.19B | R$3.56B | R$2.91B | R$3.23B | R$7.15B | R$4.73B | R$4.64B | R$3.08B | R$3.28B | R$1.63B |
| Inventory | R$10.42B | R$13.47B | R$12.38B | R$14.03B | R$16.34B | R$8.38B | R$6.85B | R$8.49B | R$6.64B | R$5.24B |
| Other current assets | R$0 | R$3.23B | R$3.01B | R$2.43B | R$4.47B | R$4.91B | R$426.0M | R$1.90B | R$1.42B | R$1.92B |
| Total current assets | R$30.43B | R$37.04B | R$37.44B | R$34.46B | R$39.29B | R$34.19B | R$17.99B | R$21.38B | R$17.42B | R$16.26B |
| Property, plant & equipment (net) | R$41.44B | R$44.14B | R$42.23B | R$41.72B | R$40.01B | R$38.83B | R$29.76B | R$31.76B | R$29.76B | R$29.34B |
| Goodwill & intangible assets | R$3.06B | R$3.39B | R$3.11B | R$5.11B | R$2.88B | R$2.83B | R$2.73B | R$2.74B | R$2.73B | R$2.81B |
| Long-term investments | R$494.0M | R$438.0M | R$165.0M | R$149.0M | R$76.0M | R$58.7M | R$73.6M | R$76.0M | R$111.6M | R$92.3M |
| Other non-current assets | R$6.41B | R$16.58B | R$8.80B | R$6.62B | R$10.31B | R$10.17B | R$2.79B | R$3.23B | R$2.71B | R$3.33B |
| Total assets | R$81.84B | R$101.58B | R$91.74B | R$88.05B | R$92.56B | R$86.08B | R$53.34B | R$59.19B | R$52.73B | R$51.82B |
| Liabilities | ||||||||||
| Accounts payable | R$13.17B | R$16.88B | R$13.22B | R$12.25B | R$12.05B | R$9.95B | R$5.27B | R$8.34B | R$5.06B | R$6.55B |
| Short-term debt | R$21.66B | R$4.13B | R$3.75B | R$3.29B | R$2.16B | R$9.93B | R$10.90B | R$11.28B | R$10.91B | R$13.06B |
| Deferred revenue | — | — | R$11.0M | — | R$205.0M | R$287.4M | R$353.0M | R$153.3M | R$203.2M | R$203.2M |
| Total current liabilities | R$40.20B | R$28.27B | R$24.49B | R$24.19B | R$25.19B | R$28.39B | R$19.14B | R$23.12B | R$18.56B | R$23.04B |
| Long-term debt | R$48.60B | R$68.54B | R$53.67B | R$48.04B | R$48.40B | R$47.31B | R$39.71B | R$24.16B | R$22.18B | R$20.74B |
| Lease obligations | R$4.15B | R$4.31B | R$3.93B | R$4.24B | R$3.16B | R$3.21B | R$2.68B | R$0 | R$0 | R$0 |
| Other long-term liabilities | R$9.53B | R$9.04B | R$10.29B | R$9.72B | R$12.77B | R$14.26B | R$0 | R$6.01B | R$6.52B | R$6.33B |
| Total liabilities | R$98.33B | R$105.85B | R$88.46B | R$81.94B | R$86.36B | R$89.95B | R$47.65B | R$53.28B | R$47.26B | R$50.10B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | R$8.04B | R$8.04B | R$8.04B | R$8.04B | R$8.04B | R$8.04B | R$8.04B | R$8.04B | R$8.04B | R$8.04B |
| Retained earnings (deficit) | −R$24.38B | −R$14.03B | −R$2.74B | R$1.83B | R$3.48B | −R$4.53B | −R$217.6M | R$4.67B | R$3.73B | R$834.6M |
| Treasury stock | — | — | — | — | −R$38.2M | −R$49.7M | −R$49.7M | −R$49.8M | −R$49.8M | −R$49.8M |
| Accumulated other comprehensive income | R$199.9M | R$1.70B | −R$825.0M | −R$2.52B | −R$3.62B | −R$5.67B | R$4.18B | −R$5.88B | −R$5.42B | −R$6.09B |
| Minority interest | −R$355.0M | R$504.0M | −R$713.0M | −R$1.21B | −R$1.66B | −R$1.66B | R$0 | R$0 | R$0 | R$0 |
| Total shareholders' equity | −R$16.14B | −R$4.28B | R$3.28B | R$6.11B | R$6.20B | −R$3.87B | R$5.69B | R$5.91B | R$5.47B | R$1.72B |
| Key figures | ||||||||||
| Total debt | R$71.28B | R$73.72B | R$59.91B | R$52.78B | R$53.53B | R$59.56B | R$50.61B | R$37.97B | R$35.13B | R$36.28B |
| Net cash (debt) | −R$59.45B | −R$56.95B | −R$40.77B | −R$38.02B | −R$42.20B | −R$43.40B | −R$44.53B | −R$30.05B | −R$29.05B | −R$28.81B |
| Working capital | −R$9.77B | R$8.77B | R$12.95B | R$10.27B | R$14.10B | R$5.80B | −R$1.15B | −R$1.73B | −R$1.15B | −R$6.78B |
| Tangible book value | −R$19.20B | −R$7.67B | R$171.0M | R$998.7M | R$3.33B | −R$6.70B | R$2.96B | R$3.17B | R$2.75B | −R$1.09B |
| Shares outstanding | 398.6M | 398.5M | 398.5M | 398.6M | 398.6M | 398.0M | 398.0M | 398.0M | 398.0M | 397.7M |
| Current ratio | 0.76 | 1.31 | 1.53 | 1.42 | 1.56 | 1.20 | 0.94 | 0.93 | 0.94 | 0.71 |
| Quick ratio | 0.50 | 0.72 | 0.90 | 0.74 | 0.73 | 0.74 | 0.56 | 0.48 | 0.50 | 0.40 |
| Debt / equity | — | — | 18.27 | 8.64 | 8.63 | — | 8.89 | 6.42 | 6.42 | 21.08 |
| Equity / assets | −19.7% | −4.2% | 3.6% | 6.9% | 6.7% | −4.5% | 10.7% | 10.0% | 10.4% | 3.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | R$5.93B | R$5.97B | R$11.84B | R$7.41B | R$10.30B | R$13.03B | R$16.77B | R$14.34B | R$17.33B | R$18.18B | R$19.14B | R$18.68B |
| Cash & equivalents | R$3.93B | R$4.62B | R$10.50B | R$6.66B | R$9.18B | R$11.32B | R$14.99B | R$11.92B | R$14.21B | R$14.21B | R$14.19B | R$13.64B |
| Short-term investments | R$2.00B | R$1.35B | R$1.34B | R$745.0M | R$1.12B | R$1.71B | R$1.79B | R$2.42B | R$3.12B | R$3.96B | R$4.96B | R$5.04B |
| Receivables | R$4.20B | R$8.76B | R$7.83B | R$5.96B | R$6.70B | R$6.36B | R$3.56B | R$4.74B | R$3.55B | R$6.02B | R$5.77B | R$4.74B |
| Inventory | R$13.28B | R$11.13B | R$10.42B | R$12.15B | R$13.30B | R$14.23B | R$13.47B | R$13.95B | R$13.51B | R$13.26B | R$12.53B | R$12.48B |
| Other current assets | R$5.90B | R$0 | R$365.0M | R$755.0M | R$437.0M | R$485.0M | R$3.23B | R$1.24B | R$3.45B | R$0 | R$0 | R$1.38B |
| Total current assets | R$29.30B | R$25.87B | R$30.45B | R$26.27B | R$30.74B | R$34.10B | R$37.04B | R$34.27B | R$37.84B | R$37.45B | R$37.44B | R$37.28B |
| Property, plant & equipment (net) | R$39.85B | R$39.11B | R$41.46B | R$41.60B | R$42.01B | R$42.29B | R$44.14B | R$41.53B | R$43.31B | R$42.46B | R$42.23B | R$42.12B |
| Goodwill & intangible assets | R$2.97B | R$2.97B | R$3.06B | R$3.04B | R$3.21B | R$3.32B | R$3.39B | R$5.37B | R$3.25B | R$5.29B | R$3.11B | R$3.11B |
| Long-term investments | R$531.0M | R$544.0M | R$494.0M | R$518.0M | R$522.0M | R$458.0M | R$438.0M | R$593.0M | R$164.0M | R$164.0M | R$165.0M | R$165.0M |
| Other non-current assets | R$6.58B | R$6.45B | R$6.41B | R$15.96B | R$14.82B | R$15.25B | R$16.58B | R$10.89B | R$12.50B | R$8.18B | R$8.80B | R$9.35B |
| Total assets | R$79.24B | R$74.94B | R$81.88B | R$87.38B | R$91.30B | R$95.42B | R$101.58B | R$92.65B | R$97.06B | R$93.54B | R$91.74B | R$92.02B |
| Liabilities | ||||||||||||
| Accounts payable | R$10.80B | R$11.11B | R$13.18B | R$13.87B | R$15.66B | R$15.86B | R$16.88B | R$15.53B | R$16.58B | R$14.90B | R$13.22B | R$13.28B |
| Short-term debt | R$22.18B | R$20.38B | R$21.67B | R$2.94B | R$3.73B | R$3.48B | R$4.13B | R$3.49B | R$3.87B | R$2.42B | R$3.75B | R$3.36B |
| Deferred revenue | — | — | — | — | — | — | — | — | R$217.0M | R$126.0M | R$11.0M | R$6.98B |
| Total current liabilities | R$38.00B | R$36.46B | R$40.22B | R$22.35B | R$25.47B | R$25.90B | R$28.27B | R$26.75B | R$28.86B | R$25.95B | R$24.49B | R$24.18B |
| Long-term debt | R$42.92B | R$44.12B | R$48.60B | R$59.31B | R$60.65B | R$64.49B | R$68.54B | R$58.19B | R$60.11B | R$55.05B | R$53.21B | R$54.08B |
| Lease obligations | R$4.07B | R$3.76B | R$4.15B | R$4.03B | R$3.92B | R$4.31B | R$4.31B | R$3.80B | R$3.92B | R$3.76B | R$3.93B | R$3.75B |
| Other long-term liabilities | R$11.41B | R$10.39B | R$9.56B | R$8.89B | R$8.44B | R$8.83B | R$9.04B | R$9.20B | R$9.05B | R$10.17B | R$10.76B | R$9.37B |
| Total liabilities | R$92.33B | R$90.97B | R$98.38B | R$90.56B | R$94.56B | R$99.22B | R$105.85B | R$94.14B | R$98.03B | R$91.17B | R$88.46B | R$87.64B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | R$8.04B | R$7.94B | R$8.04B | R$8.04B | R$8.04B | R$8.04B | R$8.04B | R$8.04B | R$8.04B | R$8.04B | R$8.04B | R$8.04B |
| Retained earnings (deficit) | −R$19.11B | −R$22.66B | −R$23.90B | −R$13.62B | −R$13.60B | −R$13.33B | −R$14.03B | −R$7.60B | −R$7.49B | −R$4.57B | −R$3.23B | −R$2.99B |
| Accumulated other comprehensive income | −R$1.52B | −R$824.8M | R$200.0M | R$2.04B | R$2.24B | R$1.53B | R$1.70B | R$17.0M | R$331.0M | −R$391.0M | −R$825.0M | R$1.85B |
| Minority interest | −R$501.0M | −R$497.0M | −R$355.0M | R$360.0M | R$547.0M | — | — | — | — | −R$715.0M | −R$713.0M | −R$645.0M |
| Total shareholders' equity | −R$12.59B | −R$15.54B | −R$16.15B | −R$3.53B | −R$3.81B | −R$4.24B | −R$4.78B | −R$25.0M | R$85.0M | R$3.08B | R$3.99B | R$5.02B |
| Key figures | ||||||||||||
| Total debt | R$68.30B | R$66.82B | R$71.32B | R$63.24B | R$65.37B | R$68.98B | R$73.72B | R$64.69B | R$66.88B | R$46.45B | R$59.91B | R$60.01B |
| Net cash (debt) | −R$62.37B | −R$60.85B | −R$59.48B | −R$55.83B | −R$55.07B | −R$55.95B | −R$56.95B | −R$50.36B | −R$49.55B | −R$28.27B | −R$40.77B | −R$41.33B |
| Working capital | −R$8.70B | −R$10.59B | −R$9.77B | R$3.92B | R$5.27B | R$8.20B | R$8.77B | R$7.51B | R$8.98B | R$11.50B | R$12.95B | R$13.10B |
| Tangible book value | −R$15.56B | −R$18.51B | −R$19.21B | −R$6.57B | −R$7.01B | −R$7.55B | −R$8.17B | −R$5.39B | −R$3.17B | −R$2.21B | R$884.0M | R$1.92B |
| Shares outstanding | 398.3M | 398.6M | 398.6M | 398.5M | 398.5M | 398.5M | 398.5M | 398.5M | 398.6M | 398.6M | 398.6M | 398.6M |
| Current ratio | 0.77 | 0.71 | 0.76 | 1.18 | 1.21 | 1.32 | 1.31 | 1.28 | 1.31 | 1.44 | 1.53 | 1.54 |
| Quick ratio | 0.27 | 0.40 | 0.49 | 0.60 | 0.67 | 0.75 | 0.72 | 0.71 | 0.72 | 0.93 | 1.02 | 0.97 |
| Debt / equity | — | — | — | — | — | — | — | — | 786.87 | 15.07 | 15.01 | 11.95 |
| Equity / assets | −15.9% | −20.7% | −19.7% | −4.0% | −4.2% | −4.4% | −4.7% | −0.0% | 0.1% | 3.3% | 4.4% | 5.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in Brazilian reais as reported (latest annual report filed April 20, 2026); data from EODHD.
BAK financial position
At the end of fiscal 2025 (December 31, 2025), Braskem had total assets of R$81.8 billion (down 19.4% from a year earlier), total liabilities of R$98.3 billion and shareholders' equity of -R$16.1 billion. It held R$11.8 billion in cash and short-term investments against R$71.3 billion of debt, net debt of R$59.4 billion. Its current ratio was 0.76. In the latest quarter (ended June 30, 2026) total assets were R$79.2 billion and equity -R$12.6 billion.
Related: BAK income statement, BAK cash flow statement, BAK key metrics. See the BAK stock overview for the latest quote and news.
BAK balance sheet FAQ
What are Braskem's total assets?
Braskem reported total assets of R$81.8 billion at the end of fiscal 2025 (December 31, 2025), compared with R$101.6 billion a year earlier.
How much debt does Braskem have?
Braskem had R$71.3 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Braskem have?
Braskem held R$11.8 billion in cash and short-term investments at the end of fiscal 2025; with R$71.3 billion of debt that is net debt of R$59.4 billion.
What is Braskem's book value?
Braskem's shareholders' equity (book value) was -R$16.1 billion at the end of fiscal 2025.
What is Braskem's current ratio?
Braskem had current assets of R$30.4 billion and current liabilities of R$40.2 billion, a current ratio of 0.76 (current liabilities exceed current assets).
How much goodwill does Braskem have?
Braskem carried R$3.1 billion of goodwill and intangible assets, 3.7% of total assets, at the end of fiscal 2025.