Berkshire Hathaway Inc. (BRK-A) Balance Sheet
BRK-A balance sheet, 2025
December 31, 2025 · U.S. dollars$1.22T assets = $502.47B liabilities + $719.70B equity
Both columns are drawn to the same scale: what BRK-A owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BRK-A financial health
Debt / equity0.19
Low leverage · $0.19 of debt for each $1 of equity
Cash / debt268.7%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles9.6%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
BRK-A balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $620.85B2016 | $1.22T2025 | +7.8%/yr | |
| Total liabilities | $334.50B2016 | $502.47B2025 | +4.6%/yr | |
| Shareholders’ equity | $286.36B2016 | $717.42B2025 | +10.7%/yr | |
| Cash & short-term investments | $74.86B2016 | $373.31B2025 | +19.5%/yr | |
| Total debt | $101.64B2016 | $138.95B2025 | +3.5%/yr | |
| Net cash (debt) | −$26.79B2016 | $234.36B2025 | +$261.1B | |
| Working capital | $99.76B2016 | $405.75B2025 | +$306.0B | |
| Book value per share | $174,150.202016 | $498,900.562025 | +12.4%/yr | |
| Debt / equity | 0.352016 | 0.192025 | −0.16 | |
| Shares outstanding | 1.6M2016 | 1.4M2025 | −1.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BRK-A assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
BRK-A liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
BRK-A debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BRK-A balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $373.31B | $334.20B | $167.64B | $128.59B | $146.72B | $138.29B | $128.00B | $111.87B | $115.95B | $74.86B |
| Cash & equivalents | $51.88B | $47.73B | $38.02B | $35.81B | $88.18B | $47.99B | $64.17B | $30.36B | $31.58B | $27.52B |
| Short-term investments | $321.43B | $286.47B | $129.62B | $92.77B | $58.53B | $90.30B | $63.82B | $81.51B | $84.37B | $47.34B |
| Receivables | $78.55B | $37.15B | $44.20B | $48.30B | $39.56B | $35.85B | $35.84B | $35.23B | $28.58B | $27.10B |
| Inventory | $24.42B | $24.01B | $24.16B | $25.37B | $20.95B | $19.21B | $19.85B | $19.07B | $16.19B | $15.73B |
| Other current assets | $0 | $12.09B | $0 | $1.18B | $851.0M | $676.0M | $602.0M | $622.0M | $6.29B | $24.95B |
| Total current assets | $476.29B | $407.45B | $211.84B | $203.43B | $208.09B | $194.03B | $184.29B | $166.79B | $167.01B | $142.64B |
| Property, plant & equipment (net) | $241.18B | $228.77B | $216.59B | $196.97B | $191.28B | $187.02B | $174.34B | $166.71B | $158.22B | $152.77B |
| Goodwill & intangible assets | $117.92B | $119.65B | $113.95B | $107.31B | $102.36B | $104.42B | $113.53B | $113.17B | $114.44B | $113.57B |
| Long-term investments | $657.01B | $604.56B | $536.28B | $454.75B | $443.06B | $37.71B | $53.72B | $53.50B | $223.28B | $176.05B |
| Other non-current assets | $0 | $0 | $0 | $0 | $13.99B | $350.56B | $291.86B | $207.62B | $39.15B | $35.82B |
| Total assets | $1.22T | $1.15T | $1.07T | $948.45B | $958.78B | $873.73B | $817.73B | $707.79B | $702.10B | $620.85B |
| Liabilities | ||||||||||
| Accounts payable | $57.27B | $49.48B | $49.35B | $44.63B | $40.70B | $39.98B | $36.36B | $37.08B | $35.82B | $33.45B |
| Short-term debt | $13.27B | $10.86B | $5.33B | $2.43B | $2.35B | $3.35B | $4.69B | $4.37B | $6.32B | $2.09B |
| Deferred revenue | — | $9.36B | $8.25B | $6.82B | −$2.35B | −$3.35B | −$4.69B | −$4.37B | −$6.32B | −$2.09B |
| Total current liabilities | $70.54B | $75.65B | $8.25B | $62.50B | $45.23B | $45.63B | $44.44B | $44.88B | $44.82B | $42.88B |
| Long-term debt | $125.76B | $122.32B | $122.94B | $120.31B | $111.91B | $113.55B | $968.0M | $2.45B | $2.17B | $2.89B |
| Other long-term liabilities | $306.17B | $304.25B | $368.02B | $77.02B | $90.24B | $74.10B | $169.79B | $146.63B | $150.70B | $174.60B |
| Total liabilities | $502.47B | $502.23B | $499.21B | $467.83B | $443.85B | $422.39B | $389.17B | $355.29B | $350.14B | $334.50B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $8.0M | $8.0M | $8.0M | $8.0M | $8.0M | $8.0M | $8.0M | $8.0M | $8.0M | $8.0M |
| Retained earnings (deficit) | $763.19B | $696.22B | $607.35B | $511.60B | $534.42B | $444.63B | $402.49B | $321.11B | $255.79B | $211.78B |
| Treasury stock | — | — | — | — | −$59.80B | −$32.85B | −$8.12B | −$3.11B | −$1.76B | −$1.76B |
| Accumulated other comprehensive income | −$2.45B | −$3.58B | −$3.76B | −$6.59B | −$4.03B | −$4.24B | −$5.24B | −$5.01B | $58.57B | $37.30B |
| Minority interest | $2.28B | $2.29B | $9.50B | $8.26B | $8.73B | $8.17B | $3.77B | $3.80B | $3.66B | $3.36B |
| Total shareholders' equity | $717.42B | $649.37B | $570.77B | $480.62B | $514.93B | $451.34B | $428.56B | $352.50B | $351.95B | $286.36B |
| Key figures | ||||||||||
| Total debt | $138.95B | $130.76B | $128.27B | $122.74B | $114.26B | $116.89B | $103.37B | $97.49B | $102.59B | $101.64B |
| Net cash (debt) | $234.36B | $203.44B | $39.37B | $5.84B | $32.46B | $21.39B | $24.63B | $14.38B | $13.37B | −$26.79B |
| Working capital | $405.75B | $331.80B | $203.59B | $140.93B | $162.85B | $148.40B | $139.84B | $121.91B | $122.19B | $99.76B |
| Tangible book value | $599.50B | $529.71B | $456.82B | $373.31B | $412.57B | $346.92B | $315.04B | $239.33B | $237.51B | $172.79B |
| Book value per share | $498,900.56 | $451,577.19 | $395,958.35 | $329,249.71 | $348,528.54 | $292,323.07 | $263,737.89 | $214,817.34 | $213,973.83 | $174,150.20 |
| Shares outstanding | 1.4M | 1.4M | 1.4M | 1.5M | 1.5M | 1.5M | 1.6M | 1.6M | 1.6M | 1.6M |
| Current ratio | 6.75 | 5.39 | 25.67 | 3.25 | 4.60 | 4.25 | 4.15 | 3.72 | 3.73 | 3.33 |
| Quick ratio | 6.41 | 4.91 | 25.67 | 2.83 | 4.12 | 3.82 | 3.69 | 3.28 | 3.22 | 2.38 |
| Debt / equity | 0.19 | 0.20 | 0.22 | 0.26 | 0.22 | 0.26 | 0.24 | 0.28 | 0.29 | 0.35 |
| Equity / assets | 58.7% | 56.3% | 53.3% | 50.7% | 53.7% | 51.7% | 52.4% | 49.8% | 50.1% | 46.1% |
| 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 | $365.51B | $397.38B | $373.31B | $381.67B | $344.09B | $347.68B | $334.20B | $325.21B | $276.94B | $188.99B | $167.64B | $157.24B |
| Cash & equivalents | $40.61B | $58.12B | $51.88B | $76.31B | $100.49B | $42.18B | $47.73B | $37.18B | $42.32B | $35.55B | $38.02B | $30.84B |
| Short-term investments | $324.90B | $339.26B | $321.43B | $305.37B | $243.60B | $305.50B | $286.47B | $288.03B | $234.62B | $153.44B | $129.62B | $126.40B |
| Receivables | $83.92B | $51.76B | $78.55B | $82.79B | $80.52B | $79.82B | $37.15B | $79.15B | $78.55B | $78.27B | $44.20B | $52.73B |
| Inventory | $26.57B | $25.52B | $24.42B | $25.32B | $24.37B | $24.03B | $24.01B | $23.62B | $23.50B | $23.67B | $24.16B | $24.75B |
| Other current assets | $0 | $30.10B | $0 | $0 | $0 | $0 | $12.09B | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $476.01B | $504.77B | $476.29B | $489.78B | $448.98B | $451.54B | $407.45B | $427.98B | $378.99B | $290.93B | $211.84B | $209.97B |
| Property, plant & equipment (net) | $244.14B | $241.74B | $241.18B | $230.56B | $227.86B | $224.76B | $228.77B | $222.27B | $219.47B | $217.50B | $216.59B | $211.50B |
| Goodwill & intangible assets | $118.11B | $117.45B | $117.92B | $119.64B | $119.42B | $119.45B | $119.65B | $113.41B | $120.77B | $113.59B | $113.95B | $115.15B |
| Long-term investments | $685.67B | $664.91B | $657.01B | $0 | $551.93B | $615.41B | $604.56B | $605.86B | $566.36B | $536.06B | $536.28B | $494.95B |
| Other non-current assets | $0 | $0 | $0 | $385.98B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $1.26T | $1.25T | $1.22T | $1.23T | $1.16T | $1.16T | $1.15T | $1.15T | $1.11T | $1.07T | $1.07T | $1.02T |
| Liabilities | ||||||||||||
| Accounts payable | $61.85B | $58.22B | $57.27B | $56.82B | $55.14B | $54.76B | $49.48B | $56.25B | $53.38B | $51.94B | $49.35B | $54.88B |
| Short-term debt | $3.43B | $128.89B | $13.27B | $26.28B | $2.99B | $16.30B | $10.86B | $2.02B | $2.25B | $2.66B | $5.33B | $2.52B |
| Deferred revenue | $11.22B | — | — | $10.05B | $9.75B | $9.51B | $9.36B | $8.94B | $8.44B | $8.38B | −$44.02B | $7.55B |
| Total current liabilities | $65.28B | $434.14B | $70.54B | $10.05B | $58.12B | $71.06B | $75.65B | $73.14B | $55.64B | $54.59B | $5.33B | $7.55B |
| Long-term debt | $125.94B | $126.64B | $125.76B | $124.20B | $124.03B | $124.01B | $122.32B | $122.48B | $121.37B | $120.10B | $122.94B | $122.26B |
| Other long-term liabilities | $321.68B | $0 | $306.17B | $391.27B | $311.54B | $312.72B | $304.25B | $319.82B | $323.88B | $317.56B | $93.01B | $355.40B |
| Total liabilities | $512.89B | $522.82B | $502.47B | $525.52B | $493.69B | $507.79B | $502.23B | $515.45B | $500.89B | $492.25B | $499.21B | $485.21B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $8.0M | $8.0M | $8.0M | $8.0M | $8.0M | $8.0M | $8.0M | $8.0M | $8.0M | $8.0M | $8.0M | $8.0M |
| Retained earnings (deficit) | $798.96B | $773.29B | $763.19B | $743.99B | $713.19B | $700.82B | $696.22B | $676.52B | $650.27B | $619.92B | $607.35B | $569.78B |
| Accumulated other comprehensive income | −$2.97B | −$2.51B | −$2.45B | −$2.52B | −$1.90B | −$3.08B | −$3.58B | −$3.69B | −$3.85B | −$4.05B | −$3.76B | −$4.27B |
| Minority interest | $2.27B | $2.27B | $2.28B | — | $2.29B | $2.27B | — | — | — | — | — | — |
| Total shareholders' equity | $750.18B | $727.18B | $717.42B | $700.44B | $667.99B | $654.47B | $649.37B | $629.07B | $601.70B | $571.49B | $561.27B | $525.33B |
| Key figures | ||||||||||||
| Total debt | $129.37B | $128.89B | $138.95B | $150.48B | $127.02B | $140.31B | $130.76B | $124.51B | $123.63B | $122.75B | $128.27B | $124.78B |
| Net cash (debt) | $236.14B | $268.50B | $234.36B | $231.19B | $217.07B | $207.37B | $203.44B | $200.71B | $153.31B | $66.24B | $39.37B | $32.46B |
| Working capital | $410.73B | $70.63B | $405.75B | $479.73B | $390.86B | $380.48B | $331.80B | $354.84B | $323.36B | $236.34B | $206.51B | $202.42B |
| Tangible book value | $632.07B | $609.73B | $599.50B | $580.80B | $548.57B | $535.02B | $529.71B | $515.66B | $480.93B | $457.90B | $447.32B | $410.18B |
| Book value per share | $522,407.38 | $505,689.15 | $498,900.56 | $487,018.36 | $464,526.43 | $455,125.87 | $451,577.19 | $437,765.48 | $418,778.67 | $397,041.76 | $389,370.30 | $364,435.66 |
| Shares outstanding | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M |
| Current ratio | 7.29 | 1.16 | 6.75 | 48.72 | 7.72 | 6.35 | 5.39 | 5.85 | 6.81 | 5.33 | 39.71 | 27.81 |
| Quick ratio | 6.88 | 1.03 | 6.41 | 46.21 | 7.31 | 6.02 | 4.91 | 5.53 | 6.39 | 4.90 | 39.71 | 27.81 |
| Debt / equity | 0.17 | 0.18 | 0.19 | 0.21 | 0.19 | 0.21 | 0.20 | 0.20 | 0.21 | 0.21 | 0.23 | 0.24 |
| Equity / assets | 59.4% | 58.1% | 58.7% | 57.1% | 57.4% | 56.2% | 56.3% | 54.8% | 54.3% | 53.4% | 52.5% | 51.5% |
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.
BRK-A financial position
At the end of fiscal 2025 (December 31, 2025), Berkshire Hathaway had total assets of $1.22 trillion (up 5.9% from a year earlier), total liabilities of $502.5 billion and shareholders' equity of $717.4 billion. It held $373.3 billion in cash and short-term investments against $139.0 billion of debt, a net cash position of $234.4 billion. Its current ratio was 6.75. In the latest quarter (ended June 30, 2026) total assets were $1.26 trillion and equity $750.2 billion.
Related: BRK-A income statement, BRK-A cash flow statement, BRK-A key metrics. See the BRK-A stock overview for the latest quote and news.
BRK-A balance sheet FAQ
What are Berkshire Hathaway's total assets?
Berkshire Hathaway reported total assets of $1.22 trillion at the end of fiscal 2025 (December 31, 2025), compared with $1.15 trillion a year earlier.
How much debt does Berkshire Hathaway have?
Berkshire Hathaway had $139.0 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.19.
How much cash does Berkshire Hathaway have?
Berkshire Hathaway held $373.3 billion in cash and short-term investments at the end of fiscal 2025; with $139.0 billion of debt that is net cash of $234.4 billion.
What is Berkshire Hathaway's book value?
Berkshire Hathaway's shareholders' equity (book value) was $717.4 billion at the end of fiscal 2025, or $498,900.56 per share.
What is Berkshire Hathaway's current ratio?
Berkshire Hathaway had current assets of $476.3 billion and current liabilities of $70.5 billion, a current ratio of 6.75 (it can cover its short-term obligations).
How much goodwill does Berkshire Hathaway have?
Berkshire Hathaway carried $117.9 billion of goodwill and intangible assets, 9.6% of total assets, at the end of fiscal 2025.