Banco Latinoamericano de Comercio Exterior, S. A. (BLX) Balance Sheet
BLX balance sheet, 2025
December 31, 2025 · U.S. dollars$12.79B assets = $11.11B liabilities + $1.68B equity
Both columns are drawn to the same scale: what BLX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BLX financial health
Descriptive bands, not a rating. Fiscal 2025.
BLX balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $7.18B2016 | $12.79B2025 | +6.6%/yr | |
| Total liabilities | $6.17B2016 | $11.11B2025 | +6.8%/yr | |
| Shareholders’ equity | $1.01B2016 | $1.68B2025 | +5.8%/yr | |
| Cash & short-term investments | $1.07B2016 | $1.93B2025 | +6.7%/yr | |
| Total debt | $3.25B2016 | $4.18B2025 | +2.8%/yr | |
| Net cash (debt) | −$2.18B2016 | −$2.25B2025 | −$76.8M | |
| Working capital | −$3.19B2016 | $1.79B2025 | +$5.0B | |
| Book value per share | $25.792016 | $45.212025 | +6.4%/yr | |
| Debt / equity | 3.212016 | 2.492025 | −0.72 | |
| Shares outstanding | 39.2M2016 | 37.1M2025 | −0.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BLX assets
BLX liabilities and equity
BLX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BLX balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.93B | $2.06B | $2.06B | $1.24B | $1.25B | $863.8M | $1.18B | $1.75B | $672.0M | $1.07B |
| Cash & equivalents | $1.92B | $1.96B | $2.05B | $1.24B | $1.25B | $863.8M | $1.18B | $1.75B | $672.0M | $1.07B |
| Short-term investments | $1.6M | $99.5M | $11.9M | — | — | — | — | — | $53.2M | $61.8M |
| Receivables | $94.3M | $122.2M | $115.5M | $71.7M | $24.7M | $28.3M | $41.8M | $54.8M | $36.2M | $49.6M |
| Inventory | $0 | $0 | −$2.10B | −$1.55B | −$1.48B | −$969.5M | −$1.34B | $13.6M | $6.8M | $5.4M |
| Other current assets | $0 | $3.8M | $2.11B | $1.55B | $1.48B | $969.5M | $1.34B | $0 | $0 | $0 |
| Total current assets | $1.93B | $2.19B | $2.18B | $1.31B | $1.28B | $892.1M | $1.22B | $1.80B | $708.3M | $1.12B |
| Property, plant & equipment (net) | $19.7M | $19.7M | $19.0M | $17.7M | $17.8M | $16.2M | $18.8M | $7.0M | $8.8M | $12.7M |
| Goodwill & intangible assets | $10.7M | $3.7M | $2.6M | $2.1M | $1.6M | $2.0M | $1.4M | $1.6M | $5.4M | $2.9M |
| Long-term investments | $1.43B | $1.20B | $1.02B | $1.02B | $831.9M | $398.1M | $88.8M | $123.6M | $94.1M | $107.8M |
| Other non-current assets | $9.40B | $8.44B | $7.52B | $6.93B | $5.91B | $4.98B | $5.92B | $5.68B | $5.45B | $5.94B |
| Total assets | $12.79B | $11.86B | $10.74B | $9.28B | $8.04B | $6.29B | $7.25B | $7.61B | $6.27B | $7.18B |
| Liabilities | ||||||||||
| Accounts payable | $8.8M | $92.9M | $97.2M | $69.8M | $12.6M | $11.2M | $18.3M | $26.4M | $25.1M | $27.8M |
| Short-term debt | $132.0M | $1.87B | $2.04B | $2.50B | $1.58B | $382.2M | $1.60B | $2.06B | $1.07B | $1.47B |
| Deferred revenue | — | — | $9.7M | $2.6M | — | — | — | — | — | — |
| Total current liabilities | $130.5M | $7.40B | $6.58B | $5.78B | $1.60B | $393.3M | $1.61B | $5.07B | $4.03B | $4.30B |
| Long-term debt | $4.05B | $2.72B | $2.64B | $4.43B | $3.32B | $1.99B | $1.54B | $1.50B | $1.14B | $1.78B |
| Lease obligations | $18.4M | $19.2M | $16.7M | $16.7M | $17.7M | $18.8M | $19.9M | — | — | — |
| Other long-term liabilities | $6.93B | $399.5M | $321.9M | $0 | $0 | $0 | $1.60B | $51.6M | $51.4M | $87.8M |
| Total liabilities | $11.11B | $10.52B | $9.54B | $8.21B | $7.05B | $5.25B | $6.23B | $6.62B | $5.22B | $6.17B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $280.0M | $280.0M | $280.0M | $280.0M | $280.0M | $280.0M | $280.0M | $280.0M | $280.0M | $280.0M |
| Retained earnings (deficit) | $1.08B | $792.0M | $673.3M | $543.6M | $487.9M | $464.1M | $446.1M | $423.1M | $479.7M | $587.5M |
| Treasury stock | — | — | — | — | −$115.8M | −$58.0M | −$59.7M | −$61.1M | −$63.2M | −$69.2M |
| Accumulated other comprehensive income | $295.7M | $245.9M | $238.7M | $239.4M | $219.7M | $231.4M | $229.4M | $231.6M | $226.4M | $92.4M |
| Total shareholders' equity | $1.68B | $1.34B | $1.20B | $1.07B | $991.8M | $1.04B | $1.02B | $993.6M | $1.04B | $1.01B |
| Key figures | ||||||||||
| Total debt | $4.18B | $4.58B | $4.68B | $4.73B | $4.90B | $2.37B | $3.14B | $3.56B | $2.21B | $3.25B |
| Net cash (debt) | −$2.25B | −$2.52B | −$2.62B | −$3.49B | −$3.65B | −$1.50B | −$1.96B | −$1.81B | −$1.54B | −$2.18B |
| Working capital | $1.79B | −$5.22B | −$4.40B | −$4.46B | −$317.8M | $498.8M | −$392.7M | −$3.27B | −$3.33B | −$3.19B |
| Tangible book value | $1.67B | $1.33B | $1.20B | $1.07B | $990.2M | $1.04B | $1.01B | $992.0M | $1.04B | $1.01B |
| Book value per share | $45.21 | $36.40 | $33.00 | $29.46 | $25.56 | $26.17 | $25.68 | $25.13 | $26.52 | $25.79 |
| Shares outstanding | 37.1M | 36.7M | 36.5M | 36.3M | 38.8M | 39.7M | 39.6M | 39.5M | 39.3M | 39.2M |
| Current ratio | 14.75 | 0.30 | 0.33 | 0.23 | 0.80 | 2.27 | 0.76 | 0.36 | 0.18 | 0.26 |
| Quick ratio | 15.47 | 0.30 | 0.33 | 0.23 | 0.80 | 2.27 | 0.76 | 0.36 | 0.18 | 0.26 |
| Debt / equity | 2.49 | 3.43 | 3.89 | 4.43 | 4.95 | 2.28 | 3.09 | 3.58 | 2.12 | 3.21 |
| Equity / assets | 13.1% | 11.3% | 11.2% | 11.5% | 12.3% | 16.5% | 14.0% | 13.1% | 16.6% | 14.1% |
| 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 | $2.19B | $2.27B | $1.93B | $2.05B | $2.07B | $2.00B | $2.06B | $1.81B | $2.00B | $1.83B | $1.99B | $1.64B |
| Cash & equivalents | $1.86B | $1.99B | $1.92B | $1.96B | $1.97B | $1.87B | $1.96B | $1.71B | $1.90B | $1.73B | $1.99B | $1.64B |
| Short-term investments | $328.1M | $286.4M | $1.6M | $91.8M | $99.1M | $128.7M | $99.5M | $101.2M | $98.5M | $99.1M | $11.9M | $0 |
| Receivables | $158.2M | $121.5M | $94.3M | $108.4M | $105.2M | $127.0M | $122.2M | $123.7M | $110.2M | $133.4M | $115.5M | $8.4M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$2.10B | $0 | −$2.03B |
| Other current assets | $0 | $0 | $0 | $3.7M | $4.9M | $4.3M | $3.8M | $2.6M | $3.2M | $2.11B | $324.4M | $2.02B |
| Total current assets | $1.89B | $2.02B | $1.93B | $2.16B | $2.18B | $2.13B | $2.19B | $1.94B | $2.12B | $1.96B | $2.43B | $1.64B |
| Property, plant & equipment (net) | $21.7M | $20.5M | $19.7M | $24.8M | $28.8M | $26.4M | $19.7M | $16.0M | $19.9M | $19.1M | $16.8M | $16.8M |
| Goodwill & intangible assets | $9.9M | $21.3M | $10.7M | $23.1M | $3.5M | $3.4M | $3.7M | $3.1M | $2.6M | $2.6M | $2.6M | $2.5M |
| Long-term investments | $1.68B | $1.69B | $1.43B | $1.43B | $1.38B | $1.28B | $1.20B | $1.21B | $1.15B | $1.11B | $1.02B | $1.01B |
| Other non-current assets | $10.83B | $9.99B | $9.40B | $8.86B | $9.08B | $8.96B | $8.44B | $8.24B | $7.62B | $7.59B | $7.28B | $7.42B |
| Total assets | $14.44B | $13.74B | $12.79B | $12.50B | $12.67B | $12.39B | $11.86B | $11.41B | $10.91B | $10.69B | $10.74B | $10.09B |
| Liabilities | ||||||||||||
| Accounts payable | $8.5M | $7.5M | $8.8M | $91.3M | $95.5M | $89.4M | $92.9M | $97.8M | $103.4M | $102.6M | $5.1M | $88.5M |
| Short-term debt | $276.9M | $247.4M | $132.0M | $1.20B | $1.44B | $1.69B | $1.87B | $1.12B | $1.14B | $1.51B | $2.04B | $1.79B |
| Deferred revenue | — | — | — | — | — | — | — | — | $7.8M | $9.7M | — | −$1.71B |
| Total current liabilities | $275.3M | $7.59B | $130.5M | $8.15B | $8.01B | $7.67B | $7.40B | $6.89B | $6.53B | $6.36B | $2.93B | $88.5M |
| Long-term debt | $4.15B | $4.09B | $4.05B | $2.35B | $2.56B | $2.79B | $2.72B | $2.81B | $3.54B | $3.93B | $4.35B | $4.07B |
| Lease obligations | $19.3M | $18.1M | $18.4M | $18.4M | $18.7M | $19.0M | $19.2M | $15.9M | $16.1M | $16.4M | $16.7M | $16.5M |
| Other long-term liabilities | $8.26B | $346.7M | $6.93B | $349.2M | $692.4M | $566.0M | $399.5M | $404.3M | $0 | $0 | $2.26B | $0 |
| Total liabilities | $12.68B | $12.03B | $11.11B | $10.85B | $11.26B | $11.02B | $10.52B | $10.10B | $9.64B | $9.45B | $9.54B | $8.93B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $280.0M | $280.0M | $280.0M | $280.0M | $280.0M | $280.0M | $280.0M | $280.0M | $280.0M | $280.0M | $280.0M | $280.0M |
| Retained earnings (deficit) | $949.2M | $934.6M | $1.08B | $891.3M | $861.4M | $820.5M | $792.0M | $763.5M | $738.0M | $706.2M | $673.3M | $636.0M |
| Accumulated other comprehensive income | $491.5M | $265.5M | $295.7M | $251.8M | $250.8M | $248.9M | $245.9M | $249.6M | $230.6M | $238.4M | $238.7M | $234.2M |
| Total shareholders' equity | $1.76B | $1.71B | $1.68B | $1.65B | $1.42B | $1.37B | $1.34B | $1.31B | $1.26B | $1.24B | $1.20B | $1.16B |
| Key figures | ||||||||||||
| Total debt | $4.44B | $4.35B | $4.18B | $3.56B | $3.99B | $4.48B | $4.58B | $3.93B | $3.86B | $4.31B | $4.68B | $5.86B |
| Net cash (debt) | −$2.25B | −$2.08B | −$2.25B | −$1.50B | −$1.92B | −$2.48B | −$2.52B | −$2.12B | −$1.86B | −$2.49B | −$2.69B | −$4.22B |
| Working capital | $1.61B | −$5.58B | $1.79B | −$5.98B | −$5.83B | −$5.54B | −$5.22B | −$4.95B | −$4.41B | −$4.40B | −$501.9M | $1.56B |
| Tangible book value | $1.75B | $1.69B | $1.67B | $1.62B | $1.41B | $1.37B | $1.33B | $1.31B | $1.26B | $1.24B | $1.20B | $1.16B |
| Book value per share | $46.77 | $39.67 | $44.97 | $44.22 | $38.32 | $37.10 | $36.35 | $35.61 | $34.36 | $33.81 | $32.95 | $31.78 |
| Shares outstanding | 37.6M | 43.1M | 37.3M | 37.2M | 36.9M | 36.9M | 36.8M | 36.8M | 36.8M | 36.6M | 36.5M | 36.5M |
| Current ratio | 6.86 | 0.27 | 14.75 | 0.27 | 0.27 | 0.28 | 0.30 | 0.28 | 0.32 | 0.31 | 0.83 | 18.58 |
| Quick ratio | 8.53 | 0.32 | 15.47 | 0.27 | 0.27 | 0.28 | 0.30 | 0.28 | 0.32 | 0.31 | 0.72 | 18.67 |
| Debt / equity | 2.53 | 2.55 | 2.49 | 2.16 | 2.82 | 3.27 | 3.43 | 3.00 | 3.05 | 3.48 | 3.89 | 5.05 |
| Equity / assets | 12.2% | 12.4% | 13.1% | 13.2% | 11.2% | 11.1% | 11.3% | 11.5% | 11.6% | 11.6% | 11.2% | 11.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 20, 2026); data from EODHD.
BLX financial position
At the end of fiscal 2025 (December 31, 2025), Bladex had total assets of $12.8 billion (up 7.8% from a year earlier), total liabilities of $11.1 billion and shareholders' equity of $1.7 billion. It held $1.9 billion in cash and short-term investments against $4.2 billion of debt, net debt of $2.3 billion. Its current ratio was 14.75. In the latest quarter (ended June 30, 2026) total assets were $14.4 billion and equity $1.8 billion.
Related: BLX income statement, BLX cash flow statement, BLX key metrics. See the BLX stock overview for the latest quote and news.
BLX balance sheet FAQ
What are Bladex's total assets?
Bladex reported total assets of $12.8 billion at the end of fiscal 2025 (December 31, 2025), compared with $11.9 billion a year earlier.
How much debt does Bladex have?
Bladex had $4.2 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 2.49.
How much cash does Bladex have?
Bladex held $1.9 billion in cash and short-term investments at the end of fiscal 2025; with $4.2 billion of debt that is net debt of $2.3 billion.
What is Bladex's book value?
Bladex's shareholders' equity (book value) was $1.7 billion at the end of fiscal 2025, or $45.21 per share.
What is Bladex's current ratio?
Bladex had current assets of $1.9 billion and current liabilities of $130.5 million, a current ratio of 14.75 (it can cover its short-term obligations).
How much goodwill does Bladex have?
Bladex carried $10.7 million of goodwill and intangible assets, 0.1% of total assets, at the end of fiscal 2025.