Brown-Forman Corporation (BF-B) Balance Sheet

NYSE: BF-BAssets, liabilities, debt and equity over 10 years.

BF-B balance sheet, FY2026

April 30, 2026 · U.S. dollars

$7.89B assets = $3.87B liabilities + $4.02B equity

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

BF-B financial health

Current ratio3.24

Comfortable · current assets cover current liabilities 3.24×

Debt / equity0.54

Moderate leverage · $0.54 of debt for each $1 of equity

Equity / assets50.9%

Equity-funded · of assets funded by shareholders

Cash / debt14.3%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles31.2%

Acquisition-heavy · of total assets

Descriptive bands, not a rating. Fiscal FY2026.

BF-B balance sheet trends, FY2017–FY2026

Brown-Forman Corporation balance sheet trends
Metric	Then	Latest	Change
Total assets	$4.62BFY2017	$7.89BFY2026	+6.1%/yr
Total liabilities	$3.25BFY2017	$3.87BFY2026	+2.0%/yr
Shareholders’ equity	$1.37BFY2017	$4.02BFY2026	+12.7%/yr
Cash & short-term investments	$182.0MFY2017	$308.0MFY2026	+6.0%/yr
Total debt	$2.15BFY2017	$2.15BFY2026	+0.0%/yr
Net cash (debt)	−$1.97BFY2017	−$1.84BFY2026	+$124.0M
Working capital	$1.38BFY2017	$2.76BFY2026	+$1.4B
Book value per share	$2.81FY2017	$8.61FY2026	+13.3%/yr
Current ratio	2.42FY2017	3.24FY2026	+0.82
Debt / equity	1.57FY2017	0.54FY2026	−1.03
Shares outstanding	488.1MFY2017	466.7MFY2026	−0.5%/yr

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

BF-B assets

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

BF-B liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

BF-B debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

BF-B balance sheet

Brown-Forman Corporation annual balance sheet
	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Assets
Cash & short-term investments	$308.0M	$444.0M	$446.0M	$374.0M	$868.0M	$1.15B	$675.0M	$307.0M	$239.0M	$182.0M
Cash & equivalents	$308.0M	$444.0M	$446.0M	$374.0M	$868.0M	$1.15B	$675.0M	$307.0M	$239.0M	$182.0M
Receivables	$832.0M	$830.0M	$769.0M	$855.0M	$813.0M	$753.0M	$570.0M	$609.0M	$639.0M	$557.0M
Inventory	$2.54B	$2.51B	$2.56B	$2.28B	$1.82B	$1.75B	$1.69B	$1.52B	$1.38B	$1.27B
Other current assets	$308.0M	$410.0M	$265.0M	$289.0M	$277.0M	$263.0M	$335.0M	$283.0M	$298.0M	$342.0M
Total current assets	$3.99B	$4.20B	$4.04B	$3.80B	$3.78B	$3.92B	$3.27B	$2.72B	$2.56B	$2.35B
Property, plant & equipment (net)	$1.12B	$1.09B	$1.07B	$1.03B	$875.0M	$832.0M	$848.0M	$816.0M	$780.0M	$713.0M
Goodwill & intangible assets	$2.46B	$2.49B	$2.44B	$2.62B	$1.35B	$1.46B	$1.39B	$1.40B	$1.43B	$1.39B
Long-term investments	$0	$3.0M	$270.0M	$3.0M	$0	$0	$0	$0	$0	$0
Other non-current assets	$322.0M	$307.0M	$341.0M	$321.0M	$375.0M	$318.0M	$272.0M	$206.0M	$208.0M	$167.0M
Total assets	$7.89B	$8.09B	$8.17B	$7.78B	$6.37B	$6.52B	$5.78B	$5.14B	$4.98B	$4.62B
Liabilities
Accounts payable	$795.0M	$243.0M	$267.0M	$308.0M	$218.0M	$172.0M	$131.0M	$150.0M	$154.0M	$137.0M
Short-term debt	$68.0M	$312.0M	$728.0M	$235.0M	$250.0M	$205.0M	$333.0M	$166.0M	$215.0M	$460.0M
Deferred revenue	—	—	$351.0M	—	—	—	—	$72.0M	−$325.0M	−$294.0M
Total current liabilities	$1.23B	$1.08B	$1.56B	$1.08B	$1.03B	$918.0M	$881.0M	$703.0M	$821.0M	$970.0M
Long-term debt	$2.08B	$2.42B	$2.37B	$2.68B	$2.02B	$2.35B	$2.27B	$2.29B	$2.34B	$1.69B
Other long-term liabilities	$559.0M	$592.0M	$718.0M	$747.0M	$583.0M	$594.0M	$651.0M	$499.0M	$498.0M	$596.0M
Total liabilities	$3.87B	$4.09B	$4.65B	$4.51B	$3.64B	$3.87B	$3.80B	$3.49B	$3.66B	$3.25B
Shareholders' equity
Common stock & paid-in capital	$72.0M	$72.0M	$72.0M	$72.0M	$72.0M	$72.0M	$72.0M	$72.0M	$72.0M	$68.0M
Retained earnings (deficit)	$5.00B	$4.71B	$4.26B	$3.64B	$3.24B	$3.24B	$2.71B	$2.24B	$1.73B	$4.47B
Treasury stock	—	—	—	−$213.0M	−$225.0M	−$237.0M	—	—	—	—
Accumulated other comprehensive income	−$108.0M	−$220.0M	−$221.0M	−$235.0M	−$352.0M	−$422.0M	−$547.0M	−$363.0M	−$378.0M	−$390.0M
Total shareholders' equity	$4.02B	$3.99B	$3.52B	$3.27B	$2.74B	$2.66B	$1.98B	$1.65B	$1.32B	$1.37B
Key figures
Total debt	$2.15B	$2.73B	$3.10B	$2.91B	$2.27B	$2.56B	$2.60B	$2.49B	$2.56B	$2.15B
Net cash (debt)	−$1.84B	−$2.29B	−$2.65B	−$2.54B	−$1.40B	−$1.41B	−$1.93B	−$2.19B	−$2.32B	−$1.97B
Working capital	$2.76B	$3.12B	$2.48B	$2.72B	$2.74B	$3.00B	$2.38B	$2.02B	$1.73B	$1.38B
Tangible book value	$1.55B	$1.51B	$1.07B	$647.0M	$1.39B	$1.20B	$584.0M	$249.0M	−$117.0M	−$24.0M
Book value per share	$8.61	$8.44	$7.37	$6.80	$5.70	$5.53	$4.11	$3.42	$2.72	$2.81
Shares outstanding	466.7M	472.9M	477.2M	480.6M	480.6M	480.7M	480.4M	482.1M	484.2M	488.1M
Current ratio	3.24	3.88	2.59	3.51	3.65	4.27	3.71	3.87	3.11	2.42
Quick ratio	0.93	1.18	0.78	1.13	1.63	2.07	1.41	1.30	1.07	0.76
Debt / equity	0.54	0.68	0.88	0.89	0.83	0.96	1.32	1.51	1.94	1.57
Equity / assets	50.9%	49.4%	43.1%	42.0%	42.9%	40.7%	34.2%	32.0%	26.4%	29.6%

Brown-Forman Corporation quarterly balance sheet
	Jul '26	Apr '26	Jan '26	Oct '25	Jul '25	Apr '25	Jan '25	Oct '24	Jul '24	Apr '24	Jan '24	Oct '23
Assets
Cash & short-term investments	$301.0M	$308.0M	$402.0M	$319.0M	$471.0M	$444.0M	$599.0M	$416.0M	$416.0M	$446.0M	$589.0M	$373.0M
Cash & equivalents	$301.0M	$308.0M	$402.0M	$319.0M	$471.0M	$444.0M	$599.0M	$416.0M	$416.0M	$446.0M	$589.0M	$373.0M
Receivables	$822.0M	$832.0M	$983.0M	$1.04B	$847.0M	$830.0M	$855.0M	$954.0M	$806.0M	$769.0M	$878.0M	$948.0M
Inventory	$2.57B	$2.54B	$2.56B	$2.56B	$2.59B	$2.51B	$2.45B	$2.56B	$2.60B	$2.56B	$2.53B	$2.58B
Other current assets	$261.0M	$308.0M	$289.0M	$291.0M	$274.0M	$410.0M	$374.0M	$261.0M	$263.0M	$265.0M	$419.0M	$367.0M
Total current assets	$3.96B	$3.99B	$4.23B	$4.21B	$4.18B	$4.20B	$4.28B	$4.20B	$4.08B	$4.04B	$4.42B	$4.27B
Property, plant & equipment (net)	$1.10B	$1.12B	$1.11B	$1.10B	$1.09B	$1.09B	$1.04B	$1.06B	$1.05B	$1.07B	$1.01B	$1.06B
Goodwill & intangible assets	$2.45B	$2.46B	$2.62B	$2.58B	$2.58B	$2.49B	$2.41B	$2.47B	$2.46B	$2.44B	$2.47B	$2.45B
Long-term investments	$0	$0	$0	$0	$0	$3.0M	$3.0M	$272.0M	$270.0M	$270.0M	$0	$0
Other non-current assets	$318.0M	$322.0M	$333.0M	$324.0M	$321.0M	$307.0M	$340.0M	$336.0M	$341.0M	$341.0M	$340.0M	$332.0M
Total assets	$7.83B	$7.89B	$8.30B	$8.22B	$8.17B	$8.09B	$8.07B	$8.33B	$8.21B	$8.17B	$8.24B	$8.12B
Liabilities
Accounts payable	$155.0M	$795.0M	$816.0M	$802.0M	$687.0M	$243.0M	$695.0M	$695.0M	$669.0M	$267.0M	$747.0M	$794.0M
Short-term debt	$358.0M	$68.0M	$656.0M	$575.0M	$626.0M	$312.0M	$502.0M	$812.0M	$784.0M	$728.0M	$728.0M	$456.0M
Deferred revenue	—	—	—	—	—	—	—	—	$196.0M	−$567.0M	$122.0M	$36.0M
Total current liabilities	$1.21B	$1.23B	$1.53B	$1.42B	$1.50B	$1.08B	$1.23B	$1.55B	$1.65B	$1.56B	$1.61B	$1.30B
Long-term debt	$2.08B	$2.08B	$2.09B	$2.07B	$2.08B	$2.42B	$2.36B	$2.39B	$2.38B	$2.37B	$2.68B	$2.65B
Other long-term liabilities	$560.0M	$559.0M	$601.0M	$599.0M	$611.0M	$592.0M	$660.0M	$683.0M	$707.0M	$718.0M	$702.0M	$710.0M
Total liabilities	$3.86B	$3.87B	$4.22B	$4.09B	$4.18B	$4.09B	$4.25B	$4.63B	$4.74B	$4.65B	$4.99B	$4.66B
Shareholders' equity
Common stock & paid-in capital	$72.0M	$72.0M	$72.0M	$72.0M	$72.0M	$72.0M	$72.0M	$72.0M	$72.0M	$72.0M	$72.0M	$72.0M
Retained earnings (deficit)	$4.96B	$5.00B	$5.05B	$4.89B	$4.67B	$4.71B	$4.67B	$4.51B	$4.25B	$4.26B	$4.00B	$3.92B
Accumulated other comprehensive income	−$124.0M	−$108.0M	−$88.0M	−$170.0M	−$184.0M	−$220.0M	−$343.0M	−$291.0M	−$264.0M	−$221.0M	−$224.0M	−$290.0M
Total shareholders' equity	$3.97B	$4.02B	$4.08B	$4.13B	$3.99B	$3.99B	$3.82B	$3.71B	$3.46B	$3.52B	$3.25B	$3.45B
Key figures
Total debt	$2.44B	$2.15B	$2.75B	$2.65B	$2.70B	$2.73B	$2.86B	$3.20B	$3.17B	$3.10B	$3.41B	$3.11B
Net cash (debt)	−$2.14B	−$1.84B	−$2.34B	−$2.33B	−$2.23B	−$2.29B	−$2.26B	−$2.79B	−$2.75B	−$2.65B	−$2.82B	−$2.74B
Working capital	$2.75B	$2.76B	$2.70B	$2.79B	$2.68B	$3.12B	$3.05B	$2.64B	$2.43B	$2.48B	$2.80B	$2.98B
Tangible book value	$1.52B	$1.55B	$1.46B	$1.55B	$1.41B	$1.51B	$1.42B	$1.24B	$1.00B	$1.07B	$777.0M	$1.00B
Book value per share	$8.64	$8.75	$8.64	$8.75	$8.43	$8.44	$8.08	$7.83	$7.33	$7.38	$6.82	$7.19
Shares outstanding	459.3M	459.3M	472.6M	472.6M	473.0M	472.9M	472.9M	473.1M	472.9M	476.4M	475.6M	480.1M
Current ratio	3.26	3.24	2.77	2.97	2.79	3.88	3.49	2.70	2.47	2.59	2.74	3.29
Quick ratio	0.93	0.93	0.91	0.96	0.88	1.18	1.19	0.88	0.74	0.78	0.91	1.02
Debt / equity	0.62	0.54	0.67	0.64	0.68	0.68	0.75	0.86	0.91	0.88	1.05	0.90
Equity / assets	50.7%	50.9%	49.2%	50.3%	48.8%	49.4%	47.4%	44.5%	42.2%	43.1%	39.4%	42.6%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed June 12, 2026); data from EODHD.

BF-B financial position

At the end of fiscal 2026 (April 30, 2026), Brown-Forman had total assets of $7.9 billion (down 2.4% from a year earlier), total liabilities of $3.9 billion and shareholders' equity of $4.0 billion. It held $308.0 million in cash and short-term investments against $2.2 billion of debt, net debt of $1.8 billion. Its current ratio was 3.24. In the latest quarter (ended July 31, 2026) total assets were $7.8 billion and equity $4.0 billion.

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

BF-B balance sheet FAQ

What are Brown-Forman's total assets?

Brown-Forman reported total assets of $7.9 billion at the end of fiscal 2026 (April 30, 2026), compared with $8.1 billion a year earlier.

How much debt does Brown-Forman have?

Brown-Forman had $2.2 billion of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was 0.54.

How much cash does Brown-Forman have?

Brown-Forman held $308.0 million in cash and short-term investments at the end of fiscal 2026; with $2.2 billion of debt that is net debt of $1.8 billion.

What is Brown-Forman's book value?

Brown-Forman's shareholders' equity (book value) was $4.0 billion at the end of fiscal 2026, or $8.61 per share.

What is Brown-Forman's current ratio?

Brown-Forman had current assets of $4.0 billion and current liabilities of $1.2 billion, a current ratio of 3.24 (it can cover its short-term obligations).

How much goodwill does Brown-Forman have?

Brown-Forman carried $2.5 billion of goodwill and intangible assets, 31.2% of total assets, at the end of fiscal 2026.