Bausch + Lomb Corporation (BLCO) Balance Sheet

NYSE: BLCOAssets, liabilities, debt and equity over 7 years.

BLCO balance sheet, 2025

December 31, 2025 · U.S. dollars

$14.02B assets = $7.50B liabilities + $6.52B equity

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

BLCO financial health

Current ratio1.55

Comfortable · current assets cover current liabilities 1.55×

Debt / equity0.83

Moderate leverage · $0.83 of debt for each $1 of equity

Equity / assets46.0%

Equity-funded · of assets funded by shareholders

Cash / debt7.1%

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

Goodwill & intangibles57.3%

Mostly intangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

BLCO balance sheet trends, 2019–2025

Bausch + Lomb Corporation balance sheet trends
Metric	Then	Latest	Change
Total assets	$11.47B2019	$14.02B2025	+3.4%/yr
Total liabilities	$1.44B2019	$7.50B2025	+31.7%/yr
Shareholders’ equity	$9.96B2019	$6.45B2025	−7.0%/yr
Cash & short-term investments	$192.0M2019	$383.0M2025	+12.2%/yr
Total debt	$93.0M2019	$5.37B2025	+96.6%/yr
Net cash (debt)	$99.0M2019	−$4.99B2025	−$5.1B
Working capital	$660.0M2019	$1.06B2025	+$397.0M
Book value per share	$28.452019	$18.222025	−7.2%/yr
Current ratio	1.642019	1.552025	−0.09
Debt / equity	0.012019	0.832025	+0.82
Shares outstanding	350.0M2019	353.8M2025	+0.2%/yr

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

BLCO assets

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

BLCO liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

BLCO debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

BLCO balance sheet

Bausch + Lomb Corporation annual balance sheet
	2025	2024	2023	2022	2021	2020	2019
Assets
Cash & short-term investments	$383.0M	$305.0M	$334.0M	$380.0M	$174.0M	$238.0M	$192.0M
Cash & equivalents	$383.0M	$305.0M	$334.0M	$380.0M	$174.0M	$238.0M	$192.0M
Receivables	$1.22B	$1.03B	$875.0M	$726.0M	$721.0M	$645.0M	$713.0M
Inventory	$976.0M	$1.04B	$1.03B	$628.0M	$572.0M	$616.0M	$592.0M
Other current assets	$397.0M	$421.0M	$505.0M	$403.0M	$168.0M	$155.0M	$198.0M
Total current assets	$2.98B	$2.79B	$2.74B	$2.14B	$1.64B	$1.65B	$1.70B
Property, plant & equipment (net)	$1.76B	$1.49B	$1.50B	$1.42B	$1.23B	$1.26B	$1.09B
Goodwill & intangible assets	$8.04B	$8.02B	$8.16B	$6.57B	$6.85B	$7.25B	$7.41B
Long-term investments	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$1.24B	$1.18B	$1.03B	$1.02B	$1.11B	$1.10B	$1.27B
Total assets	$14.02B	$13.47B	$13.44B	$11.14B	$10.82B	$11.27B	$11.47B
Liabilities
Accounts payable	$388.0M	$389.0M	$522.0M	$317.0M	$239.0M	$178.0M	$262.0M
Short-term debt	$77.0M	$72.0M	$57.0M	$51.0M	$48.0M	$18.0M	$16.0M
Deferred revenue	—	—	$627.0M	—	−$20.0M	−$18.0M	−$16.0M
Total current liabilities	$1.92B	$1.74B	$1.58B	$1.30B	$1.10B	$909.0M	$1.03B
Long-term debt	$5.04B	$4.74B	$4.53B	$2.41B	$0	$0	$0
Other long-term liabilities	$540.0M	$443.0M	$411.0M	$336.0M	$322.0M	$369.0M	$401.0M
Total liabilities	$7.50B	$6.92B	$6.52B	$4.04B	$1.42B	$1.28B	$1.44B
Shareholders' equity
Common stock & paid-in capital	—	—	—	—	$10.36B	$10.81B	$11.01B
Retained earnings (deficit)	−$931.0M	−$571.0M	−$254.0M	$6.0M	$0	—	—
Accumulated other comprehensive income	−$1.18B	−$1.39B	−$1.25B	−$1.26B	−$1.03B	−$889.0M	−$1.05B
Minority interest	$71.0M	$71.0M	$70.0M	$68.0M	—	—	—
Total shareholders' equity	$6.45B	$6.47B	$6.85B	$7.03B	$9.33B	$9.92B	$9.96B
Key figures
Total debt	$5.37B	$4.94B	$4.68B	$2.55B	$140.0M	$101.0M	$93.0M
Net cash (debt)	−$4.99B	−$4.63B	−$4.34B	−$2.17B	$34.0M	$137.0M	$99.0M
Working capital	$1.06B	$1.05B	$1.16B	$841.0M	$536.0M	$745.0M	$660.0M
Tangible book value	−$1.59B	−$1.54B	−$1.31B	$468.0M	$2.48B	$2.67B	$2.55B
Book value per share	$18.22	$18.40	$19.54	$20.09	$26.65	$28.34	$28.45
Shares outstanding	353.8M	351.8M	350.5M	350.0M	350.0M	350.0M	350.0M
Current ratio	1.55	1.60	1.74	1.65	1.49	1.82	1.64
Quick ratio	0.84	0.77	0.77	0.85	0.81	0.97	0.87
Debt / equity	0.83	0.76	0.68	0.36	0.02	0.01	0.01
Equity / assets	46.0%	48.1%	51.0%	63.1%	86.2%	88.0%	86.8%

Bausch + Lomb Corporation quarterly balance sheet
	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	$367.0M	$268.0M	$383.0M	$310.0M	$272.0M	$202.0M	$305.0M	$329.0M	$302.0M	$325.0M	$334.0M	$360.0M
Cash & equivalents	$367.0M	$268.0M	$383.0M	$310.0M	$272.0M	$202.0M	$305.0M	$329.0M	$302.0M	$325.0M	$334.0M	$360.0M
Receivables	$1.16B	$1.11B	$1.22B	$1.09B	$1.09B	$1.01B	$1.03B	$943.0M	$1.01B	$960.0M	$875.0M	$783.0M
Inventory	$999.0M	$977.0M	$976.0M	$1.00B	$1.05B	$1.03B	$1.04B	$1.12B	$1.07B	$1.07B	$1.03B	$754.0M
Other current assets	$396.0M	$425.0M	$397.0M	$446.0M	$435.0M	$454.0M	$421.0M	$437.0M	$388.0M	$385.0M	$505.0M	$567.0M
Total current assets	$2.92B	$2.78B	$2.98B	$2.85B	$2.85B	$2.69B	$2.79B	$2.83B	$2.77B	$2.74B	$2.74B	$2.46B
Property, plant & equipment (net)	$1.80B	$1.79B	$1.76B	$1.71B	$1.68B	$1.58B	$1.49B	$1.48B	$1.43B	$1.40B	$1.50B	$1.28B
Goodwill & intangible assets	$7.89B	$7.96B	$8.04B	$7.99B	$8.03B	$7.99B	$8.02B	$7.96B	$7.97B	$8.06B	$8.16B	$8.19B
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$1.25B	$1.25B	$1.24B	$1.28B	$1.28B	$1.16B	$1.18B	$1.24B	$1.08B	$1.09B	$1.03B	$1.13B
Total assets	$13.86B	$13.78B	$14.02B	$13.83B	$13.83B	$13.43B	$13.47B	$13.52B	$13.25B	$13.29B	$13.44B	$13.07B
Liabilities
Accounts payable	$426.0M	$407.0M	$388.0M	$395.0M	$449.0M	$427.0M	$389.0M	$455.0M	$405.0M	$426.0M	$522.0M	$364.0M
Short-term debt	$43.0M	$39.0M	$77.0M	$28.0M	$28.0M	$40.0M	$72.0M	$30.0M	$30.0M	$30.0M	$57.0M	$30.0M
Deferred revenue	—	—	—	—	—	—	—	—	—	—	$627.0M	$566.0M
Total current liabilities	$1.89B	$1.82B	$1.92B	$1.90B	$1.84B	$1.73B	$1.74B	$1.80B	$1.68B	$1.62B	$1.58B	$1.39B
Long-term debt	$5.07B	$5.03B	$5.04B	$4.92B	$4.93B	$4.79B	$4.74B	$4.60B	$4.60B	$4.55B	$4.53B	$4.43B
Other long-term liabilities	$453.0M	$477.0M	$540.0M	$514.0M	$553.0M	$480.0M	$443.0M	$454.0M	$392.0M	$393.0M	$411.0M	$364.0M
Total liabilities	$7.42B	$7.33B	$7.50B	$7.33B	$7.32B	$7.00B	$6.92B	$6.85B	$6.67B	$6.56B	$6.52B	$6.18B
Shareholders' equity
Retained earnings (deficit)	−$1.02B	−$1.00B	−$931.0M	−$873.0M	−$845.0M	−$783.0M	−$571.0M	−$568.0M	−$572.0M	−$421.0M	−$254.0M	−$200.0M
Accumulated other comprehensive income	−$1.22B	−$1.20B	−$1.18B	−$1.20B	−$1.19B	−$1.30B	−$1.39B	−$1.25B	−$1.31B	−$1.28B	−$1.25B	−$1.32B
Minority interest	$68.0M	$73.0M	$71.0M	$71.0M	$68.0M	—	—	—	—	—	—	—
Total shareholders' equity	$6.38B	$6.38B	$6.45B	$6.43B	$6.44B	$6.36B	$6.47B	$6.59B	$6.50B	$6.66B	$6.85B	$6.82B
Key figures
Total debt	$5.12B	$5.07B	$5.37B	$4.95B	$4.96B	$4.83B	$4.94B	$4.63B	$4.63B	$4.58B	$4.68B	$4.46B
Net cash (debt)	−$4.75B	−$4.80B	−$4.99B	−$4.64B	−$4.69B	−$4.63B	−$4.63B	−$4.30B	−$4.33B	−$4.26B	−$4.34B	−$4.11B
Working capital	$1.03B	$956.0M	$1.06B	$959.0M	$1.01B	$968.0M	$1.05B	$1.03B	$1.09B	$1.13B	$1.16B	$1.08B
Tangible book value	−$1.52B	−$1.58B	−$1.59B	−$1.56B	−$1.59B	−$1.63B	−$1.54B	−$1.38B	−$1.47B	−$1.40B	−$1.31B	−$1.37B
Book value per share	$17.85	$17.96	$18.19	$18.15	$18.21	$18.03	$18.40	$18.62	$18.49	$18.97	$19.53	$19.43
Shares outstanding	357.1M	355.2M	354.4M	354.2M	353.7M	352.8M	351.8M	353.9M	351.8M	351.1M	350.8M	350.8M
Current ratio	1.55	1.53	1.55	1.51	1.55	1.56	1.60	1.57	1.65	1.70	1.74	1.78
Quick ratio	0.81	0.75	0.84	0.74	0.74	0.70	0.77	0.71	0.78	0.79	0.77	0.82
Debt / equity	0.80	0.79	0.83	0.77	0.77	0.76	0.76	0.70	0.71	0.69	0.68	0.65
Equity / assets	46.0%	46.3%	46.0%	46.5%	46.6%	47.4%	48.1%	48.8%	49.1%	50.1%	51.0%	52.2%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 18, 2026); data from EODHD.

BLCO financial position

At the end of fiscal 2025 (December 31, 2025), Bausch + Lomb had total assets of $14.0 billion (up 4.1% from a year earlier), total liabilities of $7.5 billion and shareholders' equity of $6.4 billion. It held $383.0 million in cash and short-term investments against $5.4 billion of debt, net debt of $5.0 billion. Its current ratio was 1.55. In the latest quarter (ended June 30, 2026) total assets were $13.9 billion and equity $6.4 billion.

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

BLCO balance sheet FAQ

What are Bausch + Lomb's total assets?

Bausch + Lomb reported total assets of $14.0 billion at the end of fiscal 2025 (December 31, 2025), compared with $13.5 billion a year earlier.

How much debt does Bausch + Lomb have?

Bausch + Lomb had $5.4 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.83.

How much cash does Bausch + Lomb have?

Bausch + Lomb held $383.0 million in cash and short-term investments at the end of fiscal 2025; with $5.4 billion of debt that is net debt of $5.0 billion.

What is Bausch + Lomb's book value?

Bausch + Lomb's shareholders' equity (book value) was $6.4 billion at the end of fiscal 2025, or $18.22 per share.

What is Bausch + Lomb's current ratio?

Bausch + Lomb had current assets of $3.0 billion and current liabilities of $1.9 billion, a current ratio of 1.55 (it can cover its short-term obligations).

How much goodwill does Bausch + Lomb have?

Bausch + Lomb carried $8.0 billion of goodwill and intangible assets, 57.3% of total assets, at the end of fiscal 2025.