Eni S.p.A. (E) Balance Sheet

NYSE: EAssets, liabilities, debt and equity over 10 years.

E balance sheet, 2025

December 31, 2025 · euros

€139.20B assets = €91.41B liabilities + €47.79B equity

What it owns€139.20BCash & ST investments: €15.09B (10.8%)€15.09BReceivables: €16.68B (12.0%)Receivables€16.68B · 12%Inventory: €5.14B (3.7%)Other current: €3.94B (2.8%)PP&E: €55.72B (40.0%)PP&E€55.72B · 40%Goodwill & intangibles: €5.58B (4.0%)LT investments: €14.53B (10.4%)LT investments €14.53BOther non-current: €22.51B (16.2%)Other non-current€22.51B · 16%=How it is financed€139.20BCurrent liabilities: €34.27B (24.6%)Current liabilities€34.27B · 25%Long-term debt: €24.58B (17.7%)Long-term debt€24.58B · 18%Other LT liabilities: €32.57B (23.4%)Other LT liabilities€32.57B · 23%Shareholders’ equity: €47.79B (34.3%)Shareholders’ equity€47.79B · 34%

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

E financial health

Current ratio1.19
Adequate · current assets cover current liabilities 1.19×
Debt / equity0.91
Moderate leverage · €0.91 of debt for each $1 of equity
Equity / assets30.8%
Balanced · of assets funded by shareholders
Cash / debt38.5%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles4.0%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

E balance sheet trends, 2017–2025

MetricTrendThenLatestChange
Total assets€72.9M2017€139.20B2025+131.5%/yr
Total liabilities€30.8M2017€91.41B2025+143.1%/yr
Shareholders’ equity€42.1M2017€42.94B2025+115.9%/yr
Cash & short-term investments€21.5M2017€15.09B2025+107.1%/yr
Total debt€29.6M2017€39.20B2025+122.3%/yr
Net cash (debt)−€8.0M2017−€24.11B2025−€24.1B
Working capital€24.3M2017€6.59B2025+€6.6B
Current ratio11.4820171.192025−10.29
Debt / equity0.7020170.912025+0.21
Shares outstanding1.80B20171.54B2025−1.9%/yr

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

E assets

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

E liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

E debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

E balance sheet in euros

2025202420232022202120202019201820172017
Assets
Cash & short-term investments€15.09B€14.98B€16.98B€18.41B€14.55B€14.91B€12.75B€17.39B€15.01B€21.5M
Cash & equivalents€8.10B€8.18B€10.19B€10.15B€8.25B€9.41B€5.99B€10.84B€7.56B€21.5M
Short-term investments€6.99B€6.80B€6.78B€8.25B€6.30B€5.50B€6.76B€6.55B€7.45B—
Receivables€16.68B€18.68B€17.91B€22.66B€23.35B€11.56B€13.83B€15.15B€16.20B€764,672
Inventory€5.14B€6.26B€6.19B€7.71B€6.07B€3.89B€4.73B€4.65B€4.62B€1.3M
Other current assets€3.94B€3.66B€5.64B€12.82B€13.63B€2.49B€3.59B€2.26B€603.0M€3.0M
Total current assets€40.86B€43.58B€46.70B€61.60B€57.61B€32.86B€34.91B€39.45B€36.43B€26.6M
Property, plant & equipment (net)€55.72B€65.69B€61.13B€60.78B€61.12B€58.59B€67.54B€60.30B€63.16B€0
Goodwill & intangible assets€5.58B€5.90B€6.38B€5.53B€4.80B€2.94B€3.06B€3.17B€2.92B€41.4M
Long-term investments€14.53B€15.60B€13.95B€15.23B€9.59B€8.75B€11.14B€8.03B€3.80B€0
Other non-current assets€22.51B€19.32B€18.20B€13.22B€10.48B€9.58B€11.46B€11.11B€12.88B€4.9M
Total assets€139.20B€150.08B€146.37B€156.35B€143.60B€112.70B€128.10B€122.06B€119.20B€72.9M
Liabilities
Accounts payable€13.90B€15.17B€14.23B€19.53B€16.80B€8.68B€10.48B€11.64B€10.89B€1.3M
Short-term debt€9.63B€10.10B€8.14B€8.43B€5.03B€5.64B€6.50B€5.78B€4.53B€14.9M
Deferred revenue€1.50B€1.32B€437.0M€1.15B€482.0M€1.30B€1.67B€1.11B€865.0M—
Total current liabilities€34.27B€37.83B€36.06B€48.72B€43.15B€23.69B€29.64B€28.38B€24.73B€2.3M
Long-term debt€24.58B€26.74B€25.92B€23.44B€28.10B€26.06B€23.67B€20.08B€20.18B€14.7M
Lease obligations€5.70B€6.45B€5.34B€4.95B€5.34B€5.02B€5.65B€0€0—
Other long-term liabilities€32.57B€34.86B€35.82B€33.96B€32.82B€25.46B€26.89B€22.52B€26.20B€13.8M
Total liabilities€91.41B€99.43B€97.80B€106.12B€104.08B€75.21B€80.20B€70.98B€71.12B€30.8M
Shareholders' equity
Common stock & paid-in capital€4.00B€4.00B€4.00B€4.00B€4.00B€4.00B€4.00B€4.00B€4.00B€49.1M
Retained earnings (deficit)€35.82B€35.18B€37.76B€37.34B€28.57B€25.41B€37.58B€40.83B€37.90B−€13.6M
Treasury stock————−€958.0M−€581.0M−€981.0M−€581.0M−€581.0M—
Accumulated other comprehensive income€5.90B€11.49B€8.67B€11.35B€7.82B€8.58B€7.23B€6.76B€6.71B—
Minority interest€4.85B€2.86B€460.0M€471.0M——€0€0€0—
Total shareholders' equity€42.94B€47.78B€48.10B€49.76B€39.44B€37.41B€47.84B€51.02B€48.03B€42.1M
Key figures
Total debt€39.20B€41.84B€39.14B€36.87B€38.13B€31.70B€30.17B€25.86B€24.71B€29.6M
Net cash (debt)−€24.11B−€26.86B−€22.17B−€18.46B−€23.58B−€16.79B−€17.41B−€8.48B−€9.70B−€8.0M
Working capital€6.59B€5.75B€10.65B€12.88B€14.46B€9.17B€5.26B€11.07B€11.70B€24.3M
Tangible book value€37.36B€41.88B€41.73B€44.23B€34.64B€34.48B€44.78B€47.85B€45.10B€766,097
Shares outstanding1.54B1.62B1.66B1.74B1.79B1.79B1.80B1.80B1.80B—
Current ratio1.191.151.301.261.341.391.181.391.4711.48
Quick ratio0.930.890.970.840.881.120.901.151.269.62
Debt / equity0.910.880.810.740.970.850.630.510.510.70
Equity / assets30.8%31.8%32.9%31.8%27.5%33.2%37.3%41.8%40.3%57.8%

Quarterly columns are labeled by the month the quarter ended. Figures in euros as reported (latest annual report filed March 23, 2026); data from EODHD.

E financial position

At the end of fiscal 2025 (December 31, 2025), Eni S.p.A. had total assets of €139.2 billion (down 7.3% from a year earlier), total liabilities of €91.4 billion and shareholders' equity of €42.9 billion. It held €15.1 billion in cash and short-term investments against €39.2 billion of debt, net debt of €24.1 billion. Its current ratio was 1.19. In the latest quarter (ended June 30, 2026) total assets were €147.0 billion and equity €52.0 billion.

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

E balance sheet FAQ

What are Eni S.p.A.'s total assets?

Eni S.p.A. reported total assets of €139.2 billion at the end of fiscal 2025 (December 31, 2025), compared with €150.1 billion a year earlier.

How much debt does Eni S.p.A. have?

Eni S.p.A. had €39.2 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.91.

How much cash does Eni S.p.A. have?

Eni S.p.A. held €15.1 billion in cash and short-term investments at the end of fiscal 2025; with €39.2 billion of debt that is net debt of €24.1 billion.

What is Eni S.p.A.'s book value?

Eni S.p.A.'s shareholders' equity (book value) was €42.9 billion at the end of fiscal 2025.

What is Eni S.p.A.'s current ratio?

Eni S.p.A. had current assets of €40.9 billion and current liabilities of €34.3 billion, a current ratio of 1.19 (it can cover its short-term obligations).

How much goodwill does Eni S.p.A. have?

Eni S.p.A. carried €5.6 billion of goodwill and intangible assets, 4.0% of total assets, at the end of fiscal 2025.

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