Diageo plc (DEO) Balance Sheet

NYSE: DEOAssets, liabilities, debt and equity over 3 years.

DEO balance sheet, FY2026

June 30, 2026 · U.S. dollars

$46.84B assets = $33.89B liabilities + $12.95B equity

What it owns$46.84BCash & ST investments: $2.02B (4.3%)Receivables: $3.52B (7.5%)Receivables $3.52BInventory: $10.53B (22.5%)Inventory$10.53B · 22%Other current: $1.15B (2.4%)PP&E: $9.20B (19.6%)PP&E$9.20B · 20%Goodwill & intangibles: $13.38B (28.6%)Goodwill & intangibles$13.38B · 29%Other non-current: $7.06B (15.1%)Other non-current$7.06B · 15%=How it is financed$46.84BCurrent liabilities: $10.73B (22.9%)Current liabilities$10.73B · 23%Long-term debt: $19.06B (40.7%)Long-term debt$19.06B · 41%Other LT liabilities: $4.10B (8.8%)$4.10BShareholders’ equity: $12.95B (27.7%)Shareholders’ equity$12.95B · 28%

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

DEO financial health

Current ratio1.60
Comfortable · current assets cover current liabilities 1.60×
Debt / equity2.04
High leverage · $2.04 of debt for each $1 of equity
Equity / assets23.2%
Balanced · of assets funded by shareholders
Cash / debt9.1%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles28.6%
Acquisition-heavy · of total assets

Descriptive bands, not a rating. Fiscal FY2026.

DEO balance sheet trends, FY2024–FY2026

MetricTrendThenLatestChange
Total assets$45.47BFY2024$46.84BFY2026+1.5%/yr
Total liabilities$33.40BFY2024$33.89BFY2026+0.7%/yr
Shareholders’ equity$10.03BFY2024$10.87BFY2026+4.1%/yr
Cash & short-term investments$1.13BFY2024$2.02BFY2026+33.6%/yr
Total debt$21.50BFY2024$22.20BFY2026+1.6%/yr
Net cash (debt)−$20.37BFY2024−$20.18BFY2026+$192.0M
Working capital$5.26BFY2024$6.48BFY2026+$1.2B
Book value per share$17.92FY2024$19.49FY2026+4.3%/yr
Current ratio1.53FY20241.60FY2026+0.07
Debt / equity2.14FY20242.04FY2026−0.10
Shares outstanding559.8MFY2024557.8MFY2026−0.2%/yr

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

DEO assets

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

DEO liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

DEO debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

DEO balance sheet

FY2026FY2025FY2024
Assets
Cash & short-term investments$2.02B$2.65B$1.13B
Cash & equivalents$1.52B$2.20B$1.13B
Short-term investments$497.0M$447.0M$355.0M
Receivables$3.52B$3.13B$3.79B
Inventory$10.53B$10.66B$9.72B
Other current assets$1.15B$1.06B$485.0M
Total current assets$17.21B$17.50B$15.13B
Property, plant & equipment (net)$9.20B$9.53B$8.51B
Goodwill & intangible assets$13.38B$14.78B$17.08B
Long-term investments$0$0$0
Other non-current assets$7.06B$7.52B$4.76B
Total assets$46.84B$49.32B$45.47B
Liabilities
Accounts payable$6.42B$3.12B$6.35B
Short-term debt$2.57B$3.04B$2.88B
Deferred revenue——$84.0M
Total current liabilities$10.73B$10.71B$9.87B
Long-term debt$19.06B$21.36B$19.12B
Lease obligations$685.0M$653.0M$604.0M
Other long-term liabilities$4.10B$4.07B$4.41B
Total liabilities$33.89B$36.14B$33.40B
Shareholders' equity
Common stock & paid-in capital$887.0M$887.0M$887.0M
Retained earnings (deficit)$10.50B$10.27B$7.53B
Accumulated other comprehensive income−$10.0M—−$91.0M
Minority interest$2.08B$2.09B$2.04B
Total shareholders' equity$10.87B$11.09B$10.03B
Key figures
Total debt$22.20B$24.40B$21.50B
Net cash (debt)−$20.18B−$21.75B−$20.37B
Working capital$6.48B$6.79B$5.26B
Tangible book value−$2.50B−$3.69B−$7.04B
Book value per share$19.49$19.91$17.92
Shares outstanding557.8M557.0M559.8M
Current ratio1.601.631.53
Quick ratio0.520.540.50
Debt / equity2.042.202.14
Equity / assets23.2%22.5%22.1%

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

DEO financial position

At the end of fiscal 2026 (June 30, 2026), Diageo had total assets of $46.8 billion (down 5.0% from a year earlier), total liabilities of $33.9 billion and shareholders' equity of $10.9 billion. It held $2.0 billion in cash and short-term investments against $22.2 billion of debt, net debt of $20.2 billion. Its current ratio was 1.60.

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

DEO balance sheet FAQ

What are Diageo's total assets?

Diageo reported total assets of $46.8 billion at the end of fiscal 2026 (June 30, 2026), compared with $49.3 billion a year earlier.

How much debt does Diageo have?

Diageo had $22.2 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 2.04.

How much cash does Diageo have?

Diageo held $2.0 billion in cash and short-term investments at the end of fiscal 2026; with $22.2 billion of debt that is net debt of $20.2 billion.

What is Diageo's book value?

Diageo's shareholders' equity (book value) was $10.9 billion at the end of fiscal 2026, or $19.49 per share.

What is Diageo's current ratio?

Diageo had current assets of $17.2 billion and current liabilities of $10.7 billion, a current ratio of 1.60 (it can cover its short-term obligations).

How much goodwill does Diageo have?

Diageo carried $13.4 billion of goodwill and intangible assets, 28.6% of total assets, at the end of fiscal 2026.

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