Duke Energy Corp (DUKB) Balance Sheet
DUKB balance sheet, 2025
December 31, 2025 · U.S. dollars$195.74B assets = $142.72B liabilities + $53.02B equity
Both columns are drawn to the same scale: what DUKB owns equals what it owes plus shareholders’ equity. Hover a block for its value.
DUKB financial health
Descriptive bands, not a rating. Fiscal 2025.
DUKB balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $139.47B2016 | $195.74B2025 | +3.8%/yr | |
| Total liabilities | $98.43B2016 | $142.72B2025 | +4.2%/yr | |
| Shareholders’ equity | $41.03B2016 | $51.84B2025 | +2.6%/yr | |
| Cash & short-term investments | $392.0M2016 | $245.0M2025 | −5.1%/yr | |
| Total debt | $50.38B2016 | $91.90B2025 | +6.9%/yr | |
| Net cash (debt) | −$49.99B2016 | −$91.66B2025 | −$41.7B | |
| Working capital | −$3.51B2016 | −$9.43B2025 | −$5.9B | |
| Book value per share | $59.382016 | $66.722025 | +1.3%/yr | |
| Current ratio | 0.702016 | 0.552025 | −0.14 | |
| Debt / equity | 1.232016 | 1.772025 | +0.54 | |
| Shares outstanding | 691.0M2016 | 777.0M2025 | +1.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
DUKB assets
DUKB liabilities and equity
DUKB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
DUKB balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $245.0M | $398.0M | $329.0M | $582.0M | $341.0M | $453.0M | $317.0M | $583.0M | $496.0M | $392.0M |
| Cash & equivalents | $245.0M | $398.0M | $329.0M | $582.0M | $341.0M | $453.0M | $311.0M | $583.0M | $496.0M | $392.0M |
| Short-term investments | — | $11.43B | — | — | $10.40B | $18.0M | $6.0M | −$6.35B | $1.0M | $28.38B |
| Receivables | $4.23B | $4.67B | $4.13B | $4.42B | $3.52B | $3.15B | $3.42B | $3.86B | $3.10B | $2.64B |
| Inventory | $4.57B | $4.51B | $4.29B | $3.58B | $3.11B | $3.17B | $3.23B | $3.08B | $3.25B | $3.52B |
| Other current assets | $2.57B | $3.37B | $4.02B | $4.64B | $2.97B | $1.91B | $2.20B | $2.18B | $1.60B | $1.48B |
| Total current assets | $11.61B | $12.95B | $12.77B | $13.22B | $9.94B | $8.68B | $9.16B | $9.71B | $8.45B | $8.04B |
| Property, plant & equipment (net) | $131.20B | $124.45B | $116.41B | $112.79B | $105.29B | $108.31B | $103.78B | $91.69B | $86.39B | $82.52B |
| Goodwill & intangible assets | $19.01B | $19.58B | $19.59B | $19.57B | $19.54B | $19.60B | $19.55B | $19.55B | $19.63B | $19.65B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $46.92B | $47.55B | $43.98B | $43.07B | $29.31B |
| Other non-current assets | $33.91B | $33.76B | $33.25B | $37.77B | $34.82B | $0 | $0 | $0 | $0 | $0 |
| Total assets | $195.74B | $190.74B | $182.01B | $183.34B | $169.59B | $167.28B | $163.55B | $150.57B | $143.02B | $139.47B |
| Liabilities | ||||||||||
| Accounts payable | $5.22B | $5.48B | $4.23B | $4.75B | $3.53B | $3.14B | $3.49B | $3.49B | $3.04B | $2.99B |
| Short-term debt | $9.73B | $8.14B | $7.28B | $8.29B | $6.88B | $7.29B | $6.48B | $6.82B | $5.41B | $4.81B |
| Deferred revenue | — | — | −$303.0M | $9.96B | $1.93B | $1.74B | $1.84B | $577.0M | $1.76B | $887.0M |
| Total current liabilities | $21.05B | $19.36B | $17.28B | $18.87B | $15.93B | $16.30B | $14.75B | $15.04B | $12.48B | $11.55B |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $55.62B | $54.98B | $51.12B | $49.03B | $45.58B |
| Other long-term liabilities | $121.67B | $120.12B | $114.54B | $112.62B | $102.52B | $46.17B | $45.86B | $40.57B | $39.76B | $41.30B |
| Total liabilities | $142.72B | $139.48B | $131.82B | $131.49B | $118.45B | $118.10B | $115.60B | $106.73B | $101.28B | $98.43B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M |
| Retained earnings (deficit) | $5.06B | $3.43B | $2.23B | $2.64B | $3.27B | $2.47B | $4.11B | $3.11B | $3.01B | $2.38B |
| Accumulated other comprehensive income | $198.0M | $228.0M | −$6.0M | −$140.0M | −$303.0M | −$237.0M | −$130.0M | −$92.0M | −$67.0M | −$93.0M |
| Minority interest | — | — | — | — | — | $1.22B | $1.13B | $17.0M | −$2.0M | $8.0M |
| Total shareholders' equity | $51.84B | $50.13B | $49.11B | $49.32B | $49.30B | $47.96B | $46.82B | $43.82B | $41.74B | $41.03B |
| Key figures | ||||||||||
| Total debt | $91.90B | $85.44B | $80.64B | $76.22B | $68.26B | $64.25B | $62.90B | $57.94B | $54.44B | $50.38B |
| Net cash (debt) | −$91.66B | −$85.04B | −$80.32B | −$75.64B | −$67.92B | −$63.80B | −$62.58B | −$57.36B | −$53.95B | −$49.99B |
| Working capital | −$9.43B | −$6.41B | −$4.51B | −$5.65B | −$5.99B | −$7.62B | −$5.59B | −$5.33B | −$4.03B | −$3.51B |
| Tangible book value | $32.83B | $30.55B | $29.53B | $29.75B | $29.76B | $28.37B | $27.27B | $24.27B | $22.11B | $21.38B |
| Book value per share | $66.72 | $64.93 | $63.70 | $64.05 | $64.10 | $64.99 | $64.23 | $61.89 | $59.63 | $59.38 |
| Shares outstanding | 777.0M | 772.0M | 771.0M | 770.0M | 769.0M | 738.0M | 729.0M | 708.0M | 700.0M | 691.0M |
| Current ratio | 0.55 | 0.67 | 0.74 | 0.70 | 0.62 | 0.53 | 0.62 | 0.65 | 0.68 | 0.70 |
| Quick ratio | 0.21 | 0.26 | 0.26 | 0.26 | 0.24 | 0.22 | 0.25 | 0.30 | 0.29 | 0.26 |
| Debt / equity | 1.77 | 1.70 | 1.64 | 1.55 | 1.38 | 1.34 | 1.34 | 1.32 | 1.30 | 1.23 |
| Equity / assets | 26.5% | 26.3% | 27.0% | 26.9% | 29.1% | 28.7% | 28.6% | 29.1% | 29.2% | 29.4% |
| 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 | $673.0M | $2.14B | $245.0M | $688.0M | $344.0M | $514.0M | $398.0M | $376.0M | $464.0M | $459.0M | $329.0M | $373.0M |
| Cash & equivalents | $673.0M | $2.14B | $245.0M | $688.0M | $344.0M | $514.0M | $398.0M | $376.0M | $464.0M | $459.0M | $329.0M | $373.0M |
| Short-term investments | — | — | — | — | — | — | $11.43B | — | — | $74.0M | — | −$9.24B |
| Receivables | $4.48B | $3.95B | $4.21B | $4.02B | $4.10B | $4.56B | $4.67B | $4.68B | $4.67B | $3.90B | $4.13B | $4.08B |
| Inventory | $4.67B | $4.57B | $4.57B | $4.49B | $4.43B | $4.42B | $4.51B | $4.34B | $4.39B | $4.28B | $4.29B | $4.12B |
| Other current assets | $3.33B | $2.79B | $2.58B | $3.01B | $3.27B | $3.28B | $3.37B | $2.75B | $3.03B | $3.45B | $4.02B | $4.48B |
| Total current assets | $13.15B | $13.45B | $11.61B | $12.21B | $12.15B | $12.78B | $12.95B | $12.14B | $12.56B | $12.09B | $12.77B | $13.05B |
| Property, plant & equipment (net) | $136.40B | $133.44B | $131.20B | $127.91B | $127.86B | $126.09B | $124.45B | $122.54B | $121.21B | $117.98B | $116.41B | $117.02B |
| Goodwill & intangible assets | $19.01B | $19.01B | $19.01B | $19.01B | $19.30B | $19.30B | $19.58B | $19.30B | $19.30B | $19.30B | $19.59B | $19.30B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $32.53B | $32.15B | $33.91B | $33.17B | $30.41B | $29.30B | $33.76B | $29.58B | $28.51B | $29.29B | $33.25B | $31.79B |
| Total assets | $201.09B | $198.05B | $195.74B | $192.29B | $189.71B | $187.48B | $190.74B | $183.57B | $181.57B | $178.67B | $182.01B | $181.16B |
| Liabilities | ||||||||||||
| Accounts payable | $4.94B | $4.73B | $5.22B | $4.19B | $4.37B | $4.44B | $5.48B | $3.95B | $3.78B | $3.36B | $4.23B | $3.54B |
| Short-term debt | $9.00B | $9.77B | $9.73B | $9.34B | $8.52B | $6.75B | $8.14B | $7.54B | $6.01B | $6.43B | $7.28B | $7.19B |
| Deferred revenue | — | — | — | — | — | — | — | — | $748.0M | — | — | $2.36B |
| Total current liabilities | $19.89B | $20.33B | $21.05B | $19.41B | $18.41B | $16.62B | $19.36B | $17.43B | $15.48B | $15.55B | $17.28B | $17.16B |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $124.34B | $121.24B | $121.67B | $120.26B | $119.28B | $119.06B | $120.12B | $115.89B | $115.29B | $112.49B | $114.54B | $112.17B |
| Total liabilities | $144.23B | $141.57B | $142.72B | $139.67B | $137.68B | $135.68B | $139.48B | $133.32B | $130.77B | $128.03B | $131.82B | $129.33B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M |
| Retained earnings (deficit) | $6.00B | $5.76B | $5.06B | $4.72B | $4.14B | $3.99B | $3.43B | $3.05B | $2.63B | $2.54B | $2.23B | $2.04B |
| Accumulated other comprehensive income | $209.0M | $171.0M | $198.0M | $165.0M | $203.0M | $194.0M | $228.0M | $47.0M | $102.0M | $109.0M | −$6.0M | $121.0M |
| Total shareholders' equity | $54.75B | $54.46B | $51.84B | $51.46B | $50.89B | $50.67B | $50.13B | $49.13B | $49.71B | $49.55B | $49.11B | $49.01B |
| Key figures | ||||||||||||
| Total debt | $92.21B | $91.21B | $91.90B | $89.65B | $88.45B | $87.48B | $85.44B | $85.02B | $83.37B | $82.32B | $80.64B | $79.44B |
| Net cash (debt) | −$91.53B | −$89.07B | −$91.66B | −$88.96B | −$88.11B | −$86.97B | −$85.04B | −$84.65B | −$82.91B | −$81.86B | −$80.32B | −$79.06B |
| Working capital | −$6.74B | −$6.89B | −$9.43B | −$7.20B | −$6.26B | −$3.85B | −$6.41B | −$5.29B | −$2.92B | −$3.46B | −$4.51B | −$4.11B |
| Tangible book value | $35.74B | $35.45B | $32.83B | $32.45B | $31.59B | $31.37B | $30.55B | $29.83B | $30.40B | $30.25B | $29.53B | $29.70B |
| Book value per share | $70.28 | $69.91 | $66.63 | $66.15 | $65.50 | $65.21 | $64.93 | $63.56 | $64.39 | $64.27 | $63.70 | $63.56 |
| Shares outstanding | 779.0M | 779.0M | 778.0M | 778.0M | 777.0M | 777.0M | 772.0M | 773.0M | 772.0M | 771.0M | 771.0M | 771.0M |
| Current ratio | 0.66 | 0.66 | 0.55 | 0.63 | 0.66 | 0.77 | 0.67 | 0.70 | 0.81 | 0.78 | 0.74 | 0.76 |
| Quick ratio | 0.26 | 0.30 | 0.21 | 0.24 | 0.24 | 0.31 | 0.26 | 0.29 | 0.33 | 0.28 | 0.26 | 0.26 |
| Debt / equity | 1.68 | 1.67 | 1.77 | 1.74 | 1.74 | 1.73 | 1.70 | 1.73 | 1.68 | 1.66 | 1.64 | 1.62 |
| Equity / assets | 27.2% | 27.5% | 26.5% | 26.8% | 26.8% | 27.0% | 26.3% | 26.8% | 27.4% | 27.7% | 27.0% | 27.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
DUKB financial position
At the end of fiscal 2025 (December 31, 2025), Duke Energy had total assets of $195.7 billion (up 2.6% from a year earlier), total liabilities of $142.7 billion and shareholders' equity of $51.8 billion. It held $245.0 million in cash and short-term investments against $91.9 billion of debt, net debt of $91.7 billion. Its current ratio was 0.55. In the latest quarter (ended June 30, 2026) total assets were $201.1 billion and equity $54.8 billion.
Related: DUKB income statement, DUKB cash flow statement, DUKB key metrics. See the DUKB stock overview for the latest quote and news.
DUKB balance sheet FAQ
What are Duke Energy's total assets?
Duke Energy reported total assets of $195.7 billion at the end of fiscal 2025 (December 31, 2025), compared with $190.7 billion a year earlier.
How much debt does Duke Energy have?
Duke Energy had $91.9 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 1.77.
How much cash does Duke Energy have?
Duke Energy held $245.0 million in cash and short-term investments at the end of fiscal 2025; with $91.9 billion of debt that is net debt of $91.7 billion.
What is Duke Energy's book value?
Duke Energy's shareholders' equity (book value) was $51.8 billion at the end of fiscal 2025, or $66.72 per share.
What is Duke Energy's current ratio?
Duke Energy had current assets of $11.6 billion and current liabilities of $21.0 billion, a current ratio of 0.55 (current liabilities exceed current assets).
How much goodwill does Duke Energy have?
Duke Energy carried $19.0 billion of goodwill and intangible assets, 9.7% of total assets, at the end of fiscal 2025.