Brookfield Asset Management Inc. (BAM) Balance Sheet
BAM balance sheet, 2025
December 31, 2025 · U.S. dollars$17.21B assets = $6.92B liabilities + $10.29B equity
Both columns are drawn to the same scale: what BAM owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BAM financial health
Descriptive bands, not a rating. Fiscal 2025.
BAM balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $159.83B2016 | $17.21B2025 | −21.9%/yr | |
| Total liabilities | $90.14B2016 | $6.92B2025 | −24.8%/yr | |
| Shareholders’ equity | $69.69B2016 | $8.90B2025 | −20.4%/yr | |
| Cash & short-term investments | $7.53B2016 | $1.58B2025 | −15.9%/yr | |
| Total debt | $66.60B2016 | $3.65B2025 | −27.6%/yr | |
| Net cash (debt) | −$59.07B2016 | −$2.07B2025 | +$57.0B | |
| Working capital | $1.49B2016 | $3.78B2025 | +$2.3B | |
| Book value per share | $47.572016 | $5.402025 | −21.5%/yr | |
| Current ratio | 1.072016 | 4.202025 | +3.13 | |
| Debt / equity | 0.962016 | 0.412025 | −0.55 | |
| Shares outstanding | 1.46B2016 | 1.65B2025 | +1.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BAM assets
BAM liabilities and equity
BAM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BAM balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.58B | $12.0M | $9.0M | $1.0M | $2.49B | $2.10B | $10.38B | $11.77B | $7.71B | $7.53B |
| Cash & equivalents | $1.58B | $12.0M | $9.0M | $1.0M | $2.49B | $2.10B | $6.78B | $8.39B | $5.14B | $4.30B |
| Short-term investments | — | — | −$2.64B | — | $6.96B | $5.48B | $3.60B | $3.38B | $2.57B | $3.23B |
| Receivables | $729.7M | $968.0M | $886.0M | $782.0M | $6.92B | $54.0M | $13.86B | $11.91B | $7.21B | $4.29B |
| Inventory | $0 | $0 | $13.28B | −$2.31B | $9.95B | −$23.43B | $7.05B | $4.58B | $6.31B | $5.35B |
| Other current assets | $2.65B | $0 | $0 | $2.31B | $0 | $30.21B | $3.50B | $2.19B | $5.98B | $4.88B |
| Total current assets | $4.96B | $980.0M | $895.0M | $783.0M | $9.45B | $8.93B | $34.80B | $30.45B | $27.21B | $22.05B |
| Property, plant & equipment (net) | $92.0M | $58.0M | $72.6M | $68.0M | $48.0M | $21.0M | $89.26B | $67.29B | $53.01B | $45.35B |
| Goodwill & intangible assets | $470.0M | $289.0M | $293.0M | $308.0M | $313.0M | $320.0M | $42.26B | $27.58B | $19.56B | $9.86B |
| Long-term investments | $8.88B | $3.33B | $2.27B | $5.10B | $55.68B | $59.06B | $49.56B | $36.49B | $34.23B | $26.45B |
| Other non-current assets | $2.81B | $0 | $0 | $0 | $0 | $0 | $108.08B | $94.47B | $58.72B | $56.12B |
| Total assets | $17.21B | $4.39B | $3.21B | $3.16B | $25.64B | $22.47B | $323.97B | $256.28B | $192.72B | $159.83B |
| Liabilities | ||||||||||
| Accounts payable | $2.91B | $879.0M | $859.0M | $781.0M | $561.0M | $611.0M | $23.21B | $14.34B | $5.16B | $6.03B |
| Short-term debt | $1.18B | $219.0M | $256.0M | $3.0M | $461.0M | $4.78B | $15.71B | $11.16B | $10.86B | $8.52B |
| Deferred revenue | — | — | $264.7M | — | — | −$15.44B | — | — | — | — |
| Total current liabilities | $1.18B | $1.11B | $1.12B | $784.0M | $10.54B | $5.00B | $40.62B | $26.31B | $30.25B | $20.56B |
| Long-term debt | $2.94B | $0 | $0 | $0 | $175.93B | $148.40B | $143.28B | $109.00B | $69.86B | $58.08B |
| Lease obligations | — | — | — | — | — | $8.22B | $5.49B | — | — | — |
| Other long-term liabilities | $2.80B | $46.0M | $5.0M | $4.80B | $0 | $0 | $23.23B | $23.83B | $12.74B | $11.49B |
| Total liabilities | $6.92B | $1.11B | $1.12B | $784.0M | $11.24B | $10.52B | $207.12B | $159.13B | $112.85B | $90.14B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $8.91B | $3.48B | $2.35B | $2.41B | $9.71B | $8.94B | $7.30B | $4.46B | $24.05B | $22.50B |
| Retained earnings (deficit) | −$851.0M | −$143.0M | −$35.0M | $19.0M | $9.78B | $9.10B | $16.03B | $14.24B | $11.14B | $10.83B |
| Accumulated other comprehensive income | — | $1.0M | $3.0M | $156.0M | $156.0M | $162.0M | $6.24B | $6.03B | $7.15B | $6.99B |
| Minority interest | $2.19B | $2.44B | $9.0M | $0 | — | — | — | — | — | — |
| Total shareholders' equity | $8.90B | $3.25B | $2.08B | $2.38B | $14.40B | $11.95B | $116.85B | $97.15B | $79.87B | $69.69B |
| Key figures | ||||||||||
| Total debt | $3.65B | $219.0M | $256.0M | $3.0M | $176.39B | $153.18B | $158.99B | $120.15B | $80.72B | $66.60B |
| Net cash (debt) | −$2.07B | −$207.0M | −$247.0M | −$2.0M | −$173.90B | −$151.08B | −$148.60B | −$108.38B | −$73.01B | −$59.07B |
| Working capital | $3.78B | −$128.0M | −$225.0M | −$1.0M | −$1.09B | $3.93B | −$5.81B | $4.14B | −$3.04B | $1.49B |
| Tangible book value | $8.43B | $2.96B | $1.78B | $2.07B | $14.09B | $11.63B | $74.59B | $69.57B | $60.31B | $59.83B |
| Book value per share | $5.40 | $2.90 | $5.34 | $6.00 | $34.94 | $28.98 | $283.45 | $66.26 | $54.33 | $47.57 |
| Shares outstanding | 1.65B | 1.12B | 388.8M | 396.2M | 412.2M | 412.2M | 412.2M | 1.47B | 1.47B | 1.46B |
| Current ratio | 4.20 | 0.88 | 0.80 | 1.00 | 0.90 | 1.79 | 0.86 | 1.16 | 0.90 | 1.07 |
| Quick ratio | 1.96 | 0.88 | 0.80 | 1.00 | 0.89 | 0.43 | 0.60 | 0.90 | 0.49 | 0.57 |
| Debt / equity | 0.41 | 0.07 | 0.12 | 0.00 | 12.25 | 12.82 | 1.36 | 1.24 | 1.01 | 0.96 |
| Equity / assets | 51.7% | 74.0% | 64.8% | 75.2% | 56.2% | 53.2% | 36.1% | 37.9% | 41.4% | 43.6% |
| 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 | $14.88B | $1.04B | $1.58B | $1.06B | $480.0M | $332.0M | $12.0M | $16.0M | $10.0M | $9.0M | $9.0M | $12.0M |
| Cash & equivalents | $14.88B | $1.04B | $1.58B | $1.06B | $480.0M | $332.0M | $12.0M | $16.0M | $10.0M | $9.0M | $9.0M | $12.0M |
| Short-term investments | — | — | — | — | — | — | — | — | −$76.0M | — | $5.25B | $5.25B |
| Receivables | $48.59B | $873.0M | $729.7M | $5.46B | $5.48B | $5.46B | $968.0M | $923.0M | $769.0M | $805.0M | $886.0M | $823.0M |
| Inventory | $9.43B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$93.0M | −$2.81B | $5.52B |
| Other current assets | $32.52B | $0 | $2.65B | $0 | $0 | $0 | $0 | $0 | $0 | $93.0M | $2.81B | $0 |
| Total current assets | $105.43B | $1.92B | $4.96B | $6.52B | $5.96B | $5.79B | $980.0M | $939.0M | $779.0M | $814.0M | $895.0M | $835.0M |
| Property, plant & equipment (net) | $164.92B | $93.0M | $92.0M | $0 | $0 | $0 | $58.0M | $0 | $0 | $0 | $73.0M | $68.7M |
| Goodwill & intangible assets | $79.08B | $465.0M | $470.0M | $0 | $0 | $0 | $289.0M | $0 | $0 | $0 | $293.0M | $581.2M |
| Long-term investments | $11.47B | $10.40B | $8.88B | $8.72B | $8.96B | $8.00B | $3.33B | $3.31B | $3.33B | $2.31B | $2.27B | $2.29B |
| Other non-current assets | $164.61B | $5.07B | $2.81B | $1.28B | $1.22B | $1.18B | $0 | $76.0M | $76.0M | $77.0M | $0 | $0 |
| Total assets | $525.51B | $17.94B | $17.21B | $16.52B | $16.14B | $14.97B | $4.39B | $4.32B | $4.18B | $3.21B | $3.21B | $3.17B |
| Liabilities | ||||||||||||
| Accounts payable | $63.71B | $2.10B | $2.91B | $2.50B | $2.36B | $2.12B | $879.0M | $858.0M | $709.0M | $710.0M | $859.0M | $761.0M |
| Short-term debt | $14.71B | $2.94B | $1.18B | $453.0M | $507.0M | $404.0M | $219.0M | $210.0M | $206.0M | $259.0M | $256.0M | $189.0M |
| Deferred revenue | — | — | — | — | — | — | — | — | — | −$259.0M | −$259.0M | −$189.0M |
| Total current liabilities | $78.42B | $1.35B | $1.18B | $2.98B | $3.85B | $3.44B | $1.11B | $1.08B | $925.0M | $978.0M | $1.12B | $1.00B |
| Long-term debt | $4.67B | $3.83B | $2.94B | $1.94B | $1.25B | $639.0M | $0 | $0 | $0 | $0 | $0 | $194.0M |
| Other long-term liabilities | $275.79B | $1.55B | $2.80B | $925.0M | $9.0M | $0 | $1.43B | $0 | $10.0M | $924.9M | $1.51B | $0 |
| Total liabilities | $358.88B | $6.70B | $6.92B | $5.85B | $5.11B | $4.07B | $1.11B | $1.08B | $925.0M | $978.0M | $1.12B | $1.00B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $42.48B | $9.19B | $8.91B | $9.15B | $8.93B | $8.92B | $3.48B | $3.47B | $3.47B | $2.41B | $2.35B | $2.36B |
| Retained earnings (deficit) | −$950.0M | −$1.05B | −$851.0M | −$704.0M | −$715.0M | −$617.0M | −$143.0M | −$150.0M | −$119.0M | −$82.0M | −$35.0M | −$4.0M |
| Accumulated other comprehensive income | — | $180.6M | — | $189.0M | $196.0M | $176.0M | $1.0M | $7.0M | $3.0M | $3.0M | $3.0M | $151.3M |
| Minority interest | $4.36B | $3.64B | $2.19B | $2.21B | $2.56B | — | — | — | — | — | — | — |
| Total shareholders' equity | $46.57B | $7.62B | $8.90B | $8.46B | $8.47B | $8.49B | $3.25B | $3.22B | $3.23B | $2.22B | $2.08B | $2.16B |
| Key figures | ||||||||||||
| Total debt | $264.98B | $5.42B | $3.65B | $2.80B | $1.25B | $639.0M | $219.0M | $210.0M | $206.0M | $259.0M | $256.0M | $383.0M |
| Net cash (debt) | −$250.10B | −$4.38B | −$2.07B | −$1.74B | −$770.0M | −$307.0M | −$207.0M | −$194.0M | −$196.0M | −$250.0M | −$247.0M | −$371.0M |
| Working capital | $27.01B | $565.6M | $3.78B | $3.54B | $2.11B | $2.35B | −$128.0M | −$137.0M | −$146.0M | −$164.0M | −$225.0M | −$168.0M |
| Tangible book value | −$32.51B | $7.15B | $8.43B | $8.46B | $8.47B | $8.49B | $2.96B | $3.22B | $3.23B | $2.22B | $1.78B | $1.58B |
| Book value per share | $28.76 | $4.70 | $5.40 | $5.14 | $5.51 | $5.26 | $2.90 | $1.98 | $2.00 | $1.39 | $5.34 | $5.53 |
| Shares outstanding | 1.62B | 1.62B | 1.65B | 1.65B | 1.54B | 1.61B | 1.12B | 1.62B | 1.61B | 1.59B | 388.8M | 390.1M |
| Current ratio | 1.34 | 1.42 | 4.20 | 2.19 | 1.55 | 1.68 | 0.88 | 0.87 | 0.84 | 0.83 | 0.80 | 0.83 |
| Quick ratio | 0.81 | 1.42 | 1.96 | 2.19 | 1.55 | 1.68 | 0.88 | 0.87 | 0.84 | 0.83 | 0.80 | 0.83 |
| Debt / equity | 5.69 | 0.71 | 0.41 | 0.33 | 0.15 | 0.08 | 0.07 | 0.07 | 0.06 | 0.12 | 0.12 | 0.18 |
| Equity / assets | 8.9% | 42.5% | 51.7% | 51.2% | 52.5% | 56.7% | 74.0% | 74.4% | 77.2% | 69.2% | 64.8% | 68.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 2, 2026); data from EODHD.
BAM financial position
At the end of fiscal 2025 (December 31, 2025), Brookfield Asset Management had total assets of $17.2 billion (up 292.4% from a year earlier), total liabilities of $6.9 billion and shareholders' equity of $8.9 billion. It held $1.6 billion in cash and short-term investments against $3.7 billion of debt, net debt of $2.1 billion. Its current ratio was 4.20. In the latest quarter (ended June 30, 2026) total assets were $525.5 billion and equity $46.6 billion.
Related: BAM income statement, BAM cash flow statement, BAM key metrics. See the BAM stock overview for the latest quote and news.
BAM balance sheet FAQ
What are Brookfield Asset Management's total assets?
Brookfield Asset Management reported total assets of $17.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $4.4 billion a year earlier.
How much debt does Brookfield Asset Management have?
Brookfield Asset Management had $3.7 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.41.
How much cash does Brookfield Asset Management have?
Brookfield Asset Management held $1.6 billion in cash and short-term investments at the end of fiscal 2025; with $3.7 billion of debt that is net debt of $2.1 billion.
What is Brookfield Asset Management's book value?
Brookfield Asset Management's shareholders' equity (book value) was $8.9 billion at the end of fiscal 2025, or $5.40 per share.
What is Brookfield Asset Management's current ratio?
Brookfield Asset Management had current assets of $5.0 billion and current liabilities of $1.2 billion, a current ratio of 4.20 (it can cover its short-term obligations).
How much goodwill does Brookfield Asset Management have?
Brookfield Asset Management carried $470.0 million of goodwill and intangible assets, 2.7% of total assets, at the end of fiscal 2025.