Betterware de México, S.A.P.I. de C.V. (BWMX) Balance Sheet

NYSE: BWMXAssets, liabilities, debt and equity over 9 years.

BWMX balance sheet, 2025

December 31, 2025 · Mexican pesos

MX$9.62B assets = MX$8.27B liabilities + MX$1.35B equity

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

BWMX financial health

Current ratio0.92

Tight · current assets cover current liabilities 0.92×

Debt / equity3.31

High leverage · MX$3.31 of debt for each $1 of equity

Equity / assets14.0%

Thin equity · of assets funded by shareholders

Cash / debt7.4%

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

Goodwill & intangibles32.3%

Acquisition-heavy · of total assets

Descriptive bands, not a rating. Fiscal 2025.

BWMX balance sheet trends, 2017–2025

Betterware de México, S.A.P.I. de C.V. balance sheet trends
Metric	Then	Latest	Change
Total assets	MX$1.29B2017	MX$9.62B2025	+28.6%/yr
Total liabilities	MX$1.11B2017	MX$8.27B2025	+28.6%/yr
Shareholders’ equity	MX$178.8M2017	MX$1.35B2025	+28.7%/yr
Cash & short-term investments	MX$230.9M2017	MX$328.3M2025	+4.5%/yr
Total debt	MX$637.4M2017	MX$4.46B2025	+27.5%/yr
Net cash (debt)	−MX$406.5M2017	−MX$4.14B2025	−MX$3.7B
Working capital	MX$122.7M2017	−MX$325.7M2025	−MX$448.4M
Current ratio	1.282017	0.922025	−0.36
Debt / equity	3.572017	3.312025	−0.25
Shares outstanding	8.3M2017	37.2M2025	+20.7%/yr

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

BWMX assets

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

BWMX liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

BWMX debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

BWMX balance sheet in Mexican pesos

Betterware de México, S.A.P.I. de C.V. annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017
Assets
Cash & short-term investments	MX$328.3M	MX$296.6M	MX$549.7M	MX$686.1M	MX$1.18B	MX$649.8M	MX$213.7M	MX$177.4M	MX$230.9M
Cash & equivalents	MX$328.3M	MX$296.6M	MX$549.7M	MX$686.1M	MX$1.18B	MX$649.8M	MX$213.7M	MX$177.4M	MX$230.9M
Receivables	MX$1.38B	MX$1.23B	MX$1.10B	MX$1.09B	MX$836.8M	MX$735.0M	MX$247.7M	MX$198.8M	MX$148.0M
Inventory	MX$2.05B	MX$2.51B	MX$2.03B	MX$2.11B	MX$1.34B	MX$1.28B	MX$345.6M	MX$302.2M	MX$147.2M
Other current assets	MX$201.2M	MX$595.5M	MX$309.8M	MX$544.5M	MX$201.4M	MX$183.0M	MX$73.8M	MX$51.5M	MX$33.9M
Total current assets	MX$3.96B	MX$4.63B	MX$3.99B	MX$4.43B	MX$3.55B	MX$2.85B	MX$880.7M	MX$729.9M	MX$560.0M
Property, plant & equipment (net)	MX$2.06B	MX$2.12B	MX$2.91B	MX$2.97B	MX$1.07B	MX$816.0M	MX$231.2M	MX$43.0M	MX$57.2M
Goodwill & intangible assets	MX$3.11B	MX$3.17B	MX$3.25B	MX$3.25B	MX$740.8M	MX$667.8M	MX$659.4M	MX$660.5M	MX$648.9M
Long-term investments	MX$0	MX$0	MX$0	MX$1.2M	MX$497,000	MX$0	MX$0	MX$0	MX$0
Other non-current assets	MX$495.0M	MX$539.6M	MX$936.0M	MX$728.1M	MX$21.7M	MX$23.4M	MX$18.5M	MX$24.2M	MX$21.4M
Total assets	MX$9.62B	MX$10.45B	MX$11.09B	MX$11.38B	MX$5.39B	MX$4.36B	MX$1.79B	MX$1.46B	MX$1.29B
Liabilities
Accounts payable	MX$1.79B	MX$2.16B	MX$1.79B	MX$1.47B	MX$1.98B	MX$2.08B	MX$529.3M	MX$445.2M	MX$10.8M
Short-term debt	MX$1.16B	MX$766.3M	MX$625.8M	MX$442.1M	MX$34.2M	MX$113.6M	MX$162.3M	MX$90.7M	MX$46.2M
Deferred revenue	—	—	MX$1.36B	—	MX$388.2M	MX$380.1M	MX$171.2M	MX$46.6M	—
Total current liabilities	MX$4.29B	MX$4.26B	MX$3.83B	MX$3.25B	MX$2.46B	MX$2.87B	MX$878.4M	MX$734.4M	MX$437.3M
Long-term debt	MX$3.08B	MX$4.17B	MX$4.62B	MX$5.92B	MX$1.48B	MX$524.0M	MX$529.6M	MX$562.8M	MX$591.2M
Lease obligations	MX$356.7M	MX$344.6M	MX$373.0M	MX$291.9M	MX$17.9M	MX$24.4M	MX$24.6M	MX$0	—
Other long-term liabilities	MX$878.0M	MX$857.8M	MX$1.17B	MX$1.15B	MX$111.8M	MX$83.4M	MX$107.2M	MX$80.1M	MX$80.2M
Total liabilities	MX$8.27B	MX$9.29B	MX$9.62B	MX$10.31B	MX$4.06B	MX$3.48B	MX$1.52B	MX$1.38B	MX$1.11B
Shareholders' equity
Common stock & paid-in capital	MX$321.8M	MX$321.3M	MX$321.3M	MX$321.3M	MX$295.0M	MX$308.0M	MX$56.0M	MX$56.0M	MX$153.9M
Retained earnings (deficit)	MX$1.09B	MX$892.4M	MX$1.19B	MX$779.9M	MX$990.1M	−MX$334.8M	MX$218.4M	MX$24.2M	MX$25.0M
Accumulated other comprehensive income	−MX$35.6M	−MX$24.1M	−MX$35.6M	MX$7.5M	MX$583,000	−MX$718,000	MX$121,000	MX$45,000	−MX$120,000
Minority interest	−MX$1.8M	−MX$1.7M	−MX$1.6M	MX$1.2M	—	—	—	—	—
Total shareholders' equity	MX$1.35B	MX$1.16B	MX$1.47B	MX$1.07B	MX$1.33B	MX$882.0M	MX$274.5M	MX$80.3M	MX$178.8M
Key figures
Total debt	MX$4.46B	MX$5.17B	MX$5.50B	MX$6.44B	MX$1.53B	MX$654.3M	MX$702.3M	MX$653.5M	MX$637.4M
Net cash (debt)	−MX$4.14B	−MX$4.87B	−MX$4.95B	−MX$5.75B	−MX$353.1M	−MX$4.4M	−MX$488.6M	−MX$476.1M	−MX$406.5M
Working capital	−MX$325.7M	MX$364.2M	MX$165.9M	MX$1.18B	MX$1.09B	−MX$17.9M	MX$2.3M	−MX$4.6M	MX$122.7M
Tangible book value	−MX$1.76B	−MX$2.01B	−MX$1.78B	−MX$2.18B	MX$587.6M	MX$214.2M	−MX$384.9M	−MX$580.3M	−MX$470.1M
Shares outstanding	37.2M	37.3M	37.3M	34.4M	37.3M	34.4M	34.5M	34.5M	8.3M
Current ratio	0.92	1.09	1.04	1.36	1.44	0.99	1.00	0.99	1.28
Quick ratio	0.40	0.36	0.43	0.55	0.82	0.48	0.53	0.51	0.87
Debt / equity	3.31	4.44	3.74	6.04	1.15	0.74	2.56	8.14	3.57
Equity / assets	14.0%	11.1%	13.3%	9.4%	24.7%	20.2%	15.3%	5.5%	13.9%

Betterware de México, S.A.P.I. de C.V. quarterly balance sheet
	Sep '26	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23
Assets
Cash & short-term investments	MX$521.1M	MX$521.1M	MX$311.8M	MX$344.1M	MX$333.5M	MX$391.8M	MX$296.6M	MX$549.7M	MX$316.4M	MX$423.2M	MX$425.2M	MX$549.7M
Cash & equivalents	MX$521.1M	MX$521.1M	MX$311.8M	MX$344.1M	MX$333.5M	MX$391.8M	MX$296.6M	MX$549.7M	MX$316.4M	MX$423.2M	MX$425.2M	MX$549.7M
Receivables	MX$1.73B	MX$1.73B	MX$1.44B	MX$1.61B	MX$1.43B	MX$1.51B	MX$1.23B	MX$1.10B	MX$1.27B	MX$1.22B	MX$1.33B	MX$1.07B
Inventory	MX$2.68B	MX$2.68B	MX$2.07B	MX$2.53B	MX$2.30B	MX$2.36B	MX$2.51B	MX$2.03B	MX$2.50B	MX$2.06B	MX$1.87B	MX$2.03B
Other current assets	MX$632.1M	MX$632.1M	MX$375.7M	MX$332.4M	MX$332.2M	MX$378.4M	MX$595.5M	MX$309.8M	MX$627.6M	MX$281.0M	MX$298.1M	MX$358.0M
Total current assets	MX$5.56B	MX$5.56B	MX$4.20B	MX$4.81B	MX$4.39B	MX$4.64B	MX$4.63B	MX$3.99B	MX$4.72B	MX$3.99B	MX$3.92B	MX$4.01B
Property, plant & equipment (net)	MX$2.44B	MX$2.44B	MX$2.00B	MX$2.05B	MX$2.00B	MX$2.02B	MX$2.12B	MX$3.27B	MX$2.42B	MX$3.24B	MX$3.23B	MX$3.23B
Goodwill & intangible assets	MX$6.13B	MX$6.13B	MX$3.09B	MX$3.15B	MX$3.11B	MX$3.13B	MX$3.17B	MX$3.25B	MX$3.19B	MX$3.21B	MX$3.23B	MX$3.25B
Long-term investments	MX$0	MX$0	MX$0	MX$0	MX$0	MX$0	MX$0	MX$0	MX$0	MX$0	MX$0	MX$0
Other non-current assets	MX$747.7M	MX$747.7M	MX$491.3M	MX$644.9M	MX$588.0M	MX$587.1M	MX$539.6M	MX$577.3M	MX$538.0M	MX$580.5M	MX$491.4M	MX$613.3M
Total assets	MX$14.88B	MX$14.88B	MX$9.77B	MX$10.65B	MX$10.10B	MX$10.38B	MX$10.45B	MX$11.09B	MX$10.86B	MX$11.02B	MX$10.87B	MX$11.11B
Liabilities
Accounts payable	MX$2.32B	MX$2.32B	MX$2.06B	MX$2.01B	MX$1.73B	MX$1.82B	MX$2.16B	MX$1.79B	MX$2.37B	MX$2.00B	MX$1.67B	MX$1.79B
Short-term debt	MX$1.04B	MX$1.04B	MX$1.27B	MX$1.91B	MX$1.78B	MX$1.86B	MX$766.3M	MX$625.8M	MX$725.9M	MX$702.7M	MX$654.0M	MX$422.5M
Deferred revenue	—	—	—	—	—	—	—	—	MX$562.5M	—	MX$1.36B	—
Total current liabilities	MX$5.03B	MX$5.03B	MX$4.53B	MX$5.24B	MX$4.73B	MX$4.97B	MX$4.26B	MX$3.83B	MX$4.42B	MX$3.86B	MX$3.75B	MX$3.83B
Long-term debt	MX$0	MX$6.51B	MX$2.92B	MX$3.08B	MX$3.24B	MX$3.40B	MX$3.52B	MX$3.67B	MX$4.33B	MX$4.46B	MX$4.54B	MX$4.62B
Lease obligations	—	MX$371.4M	MX$321.5M	MX$356.7M	MX$311.8M	MX$298.1M	MX$309.2M	MX$344.6M	MX$321.7M	MX$344.0M	MX$356.8M	MX$373.0M
Other long-term liabilities	MX$7.58B	MX$1.06B	MX$832.9M	MX$1.28B	MX$830.7M	MX$832.1M	MX$1.50B	MX$2.12B	MX$926.1M	MX$1.15B	MX$1.07B	MX$1.18B
Total liabilities	MX$12.60B	MX$12.60B	MX$8.29B	MX$9.60B	MX$8.81B	MX$9.21B	MX$9.29B	MX$9.62B	MX$9.68B	MX$9.46B	MX$9.36B	MX$9.63B
Shareholders' equity
Common stock & paid-in capital	MX$928.6M	MX$928.6M	MX$321.3M	MX$321.3M	MX$321.3M	MX$321.3M	MX$321.3M	MX$321.3M	MX$321.3M	MX$321.3M	MX$321.3M	MX$321.3M
Retained earnings (deficit)	MX$1.38B	MX$1.38B	MX$1.18B	MX$794.3M	MX$1.04B	MX$922.0M	MX$892.4M	MX$1.19B	MX$919.7M	MX$1.28B	MX$1.23B	MX$1.19B
Accumulated other comprehensive income	−MX$7.7M	−MX$7.7M	MX$5.2M	−MX$37.5M	−MX$37.2M	−MX$40.9M	−MX$24.1M	−MX$19.2M	−MX$31.5M	−MX$24.3M	−MX$18.1M	−MX$35.6M
Minority interest	—	−MX$1.8M	−MX$1.8M	−MX$1.8M	−MX$3.5M	−MX$3.0M	—	—	—	—	—	—
Total shareholders' equity	MX$2.28B	MX$2.28B	MX$1.49B	MX$1.05B	MX$1.30B	MX$1.18B	MX$1.16B	MX$1.47B	MX$1.18B	MX$1.56B	MX$1.51B	MX$1.47B
Key figures
Total debt	MX$7.77B	MX$7.77B	MX$4.39B	MX$5.65B	MX$5.22B	MX$5.46B	MX$5.17B	MX$5.50B	MX$5.27B	MX$5.39B	MX$5.44B	MX$5.32B
Net cash (debt)	−MX$7.25B	−MX$7.25B	−MX$4.08B	−MX$5.31B	−MX$4.88B	−MX$5.07B	−MX$4.87B	−MX$4.95B	−MX$4.96B	−MX$4.97B	−MX$5.01B	−MX$4.77B
Working capital	MX$536.8M	MX$536.8M	−MX$337.8M	−MX$428.6M	−MX$340.6M	−MX$328.0M	MX$364.2M	MX$165.9M	MX$299.5M	MX$127.6M	MX$166.9M	MX$184.6M
Tangible book value	−MX$3.85B	−MX$3.85B	−MX$1.60B	−MX$2.10B	−MX$1.82B	−MX$1.95B	−MX$2.01B	−MX$1.78B	−MX$2.01B	−MX$1.65B	−MX$1.72B	−MX$1.78B
Shares outstanding	39.5M	39.5M	37.3M	37.3M	37.3M	37.3M	37.3M	37.3M	37.2M	37.2M	37.2M	37.3M
Current ratio	1.11	1.11	0.93	0.92	0.93	0.93	1.09	1.04	1.07	1.03	1.04	1.05
Quick ratio	0.45	0.45	0.39	0.37	0.37	0.38	0.36	0.43	0.36	0.43	0.47	0.42
Debt / equity	3.41	3.41	2.96	5.37	4.03	4.64	4.44	3.73	4.45	3.46	3.60	3.61
Equity / assets	15.3%	15.3%	15.2%	9.9%	12.8%	11.3%	11.1%	13.3%	10.9%	14.1%	13.9%	13.3%

Quarterly columns are labeled by the month the quarter ended. Figures in Mexican pesos as reported (latest annual report filed April 30, 2026); data from EODHD.

BWMX financial position

At the end of fiscal 2025 (December 31, 2025), Betterware de México, S.A.P.I. de C.V. had total assets of MX$9.6 billion (down 8.0% from a year earlier), total liabilities of MX$8.3 billion and shareholders' equity of MX$1.3 billion. It held MX$328.3 million in cash and short-term investments against MX$4.5 billion of debt, net debt of MX$4.1 billion. Its current ratio was 0.92. In the latest quarter (ended September 30, 2026) total assets were MX$14.9 billion and equity MX$2.3 billion.

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

BWMX balance sheet FAQ

What are Betterware de México, S.A.P.I. de C.V.'s total assets?

Betterware de México, S.A.P.I. de C.V. reported total assets of MX$9.6 billion at the end of fiscal 2025 (December 31, 2025), compared with MX$10.5 billion a year earlier.

How much debt does Betterware de México, S.A.P.I. de C.V. have?

Betterware de México, S.A.P.I. de C.V. had MX$4.5 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 3.31.

How much cash does Betterware de México, S.A.P.I. de C.V. have?

Betterware de México, S.A.P.I. de C.V. held MX$328.3 million in cash and short-term investments at the end of fiscal 2025; with MX$4.5 billion of debt that is net debt of MX$4.1 billion.

What is Betterware de México, S.A.P.I. de C.V.'s book value?

Betterware de México, S.A.P.I. de C.V.'s shareholders' equity (book value) was MX$1.3 billion at the end of fiscal 2025.

What is Betterware de México, S.A.P.I. de C.V.'s current ratio?

Betterware de México, S.A.P.I. de C.V. had current assets of MX$4.0 billion and current liabilities of MX$4.3 billion, a current ratio of 0.92 (current liabilities exceed current assets).

How much goodwill does Betterware de México, S.A.P.I. de C.V. have?

Betterware de México, S.A.P.I. de C.V. carried MX$3.1 billion of goodwill and intangible assets, 32.3% of total assets, at the end of fiscal 2025.