Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (EDN) Balance Sheet

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

EDN balance sheet, 2025

December 31, 2025 · Argentine pesos

ARS 5.80T assets = ARS 3.57T liabilities + ARS 2.22T equity

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

EDN financial health

Current ratio1.07

Adequate · current assets cover current liabilities 1.07×

Debt / equity0.53

Moderate leverage · ARS 0.53 of debt for each $1 of equity

Equity / assets38.3%

Balanced · of assets funded by shareholders

Cash / debt67.9%

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

Goodwill & intangibles0.0%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

EDN balance sheet trends, 2016–2025

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima balance sheet trends
Metric	Then	Latest	Change
Total assets	ARS 18.93B2016	ARS 5.80T2025	+88.9%/yr
Total liabilities	ARS 18.57B2016	ARS 3.57T2025	+79.4%/yr
Shareholders’ equity	ARS 361.8M2016	ARS 2.22T2025	+163.6%/yr
Cash & short-term investments	ARS 2.25B2016	ARS 796.08B2025	+91.9%/yr
Total debt	ARS 2.82B2016	ARS 1.17T2025	+95.4%/yr
Net cash (debt)	−ARS 569.3M2016	−ARS 376.94B2025	ARS 376.4B
Working capital	−ARS 2.94B2016	ARS 102.52B2025	ARS 105.5B
Current ratio	0.692016	1.072025	+0.38
Debt / equity	7.802016	0.532025	−7.27
Shares outstanding	44.9M2016	43.8M2025	−0.3%/yr

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

EDN assets

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

EDN liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

EDN debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

EDN balance sheet in Argentine pesos

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	ARS 796.08B	ARS 522.38B	ARS 199.81B	ARS 205.69B	ARS 36.75B	ARS 6.66B	ARS 3.20B	ARS 4.62B	ARS 2.99B	ARS 2.25B
Cash & equivalents	ARS 207.10B	ARS 30.98B	ARS 19.88B	ARS 11.05B	ARS 6.18B	ARS 4.36B	ARS 409.6M	ARS 27.6M	ARS 82.9M	ARS 258.6M
Short-term investments	ARS 588.97B	ARS 491.40B	ARS 179.93B	ARS 194.63B	ARS 30.57B	ARS 2.30B	ARS 2.79B	ARS 4.59B	ARS 2.91B	ARS 2.00B
Receivables	ARS 518.52B	ARS 537.42B	ARS 212.61B	ARS 316.63B	ARS 37.61B	ARS 14.54B	ARS 12.64B	ARS 7.69B	ARS 5.78B	ARS 4.05B
Inventory	ARS 240.09B	ARS 197.02B	ARS 86.70B	ARS 43.66B	ARS 6.70B	ARS 1.84B	ARS 1.85B	ARS 1.25B	ARS 351.1M	ARS 230.3M
Other current assets	ARS 5.15B	ARS 14.29B	ARS 6.56B	ARS 0	ARS 760.0M	ARS 267.0M	ARS 181.5M	ARS 143.1M	ARS 141.1M	ARS 87.3M
Total current assets	ARS 1.56T	ARS 1.27T	ARS 505.68B	ARS 565.97B	ARS 81.82B	ARS 23.31B	ARS 17.88B	ARS 13.71B	ARS 9.26B	ARS 6.62B
Property, plant & equipment (net)	ARS 4.14T	ARS 3.96T	ARS 2.78T	ARS 2.69T	ARS 381.41B	ARS 125.19B	ARS 101.56B	ARS 62.47B	ARS 14.81B	ARS 11.20B
Goodwill & intangible assets	ARS 0	ARS 0	ARS 0	ARS 0	ARS 0	ARS 0	ARS 0	ARS 0	ARS 0	ARS 0
Long-term investments	ARS 53.89B	ARS 121.0M	ARS 57.0M	ARS 21.0M	ARS 14.0M	ARS 250.0M	ARS 11.2M	ARS 8.8M	ARS 424,000	ARS 44.9M
Other non-current assets	ARS 38.65B	ARS 201.0M	ARS 73.0M	ARS 143.0M	ARS 27.0M	ARS 42.0M	ARS 26.0M	ARS 800.7M	ARS 1.23B	ARS 1.07B
Total assets	ARS 5.80T	ARS 5.24T	ARS 3.29T	ARS 3.26T	ARS 463.27B	ARS 148.80B	ARS 119.47B	ARS 76.99B	ARS 25.30B	ARS 18.93B
Liabilities
Accounts payable	ARS 521.74B	ARS 819.14B	ARS 426.71B	ARS 1.22T	ARS 128.95B	ARS 25.98B	ARS 7.45B	ARS 6.57B	ARS 4.48B	ARS 3.97B
Short-term debt	ARS 468.60B	ARS 153.13B	ARS 115.03B	ARS 2.68B	ARS 20.51B	ARS 438.0M	ARS 1.79B	ARS 1.08B	ARS 71.2M	ARS 53.7M
Deferred revenue	ARS 5.88B	ARS 4.35B	ARS 2.88B	ARS 298.0M	ARS 1.09B	ARS 444.0M	ARS 327.4M	ARS 230.7M	ARS 184.8M	ARS 348.0M
Total current liabilities	ARS 1.46T	ARS 1.43T	ARS 774.64B	ARS 1.35T	ARS 189.96B	ARS 42.17B	ARS 24.58B	ARS 20.98B	ARS 12.54B	ARS 9.56B
Long-term debt	ARS 704.55B	ARS 359.95B	ARS 46.51B	ARS 14.54B	ARS 0	ARS 11.31B	ARS 10.07B	ARS 11.06B	ARS 6.19B	ARS 2.77B
Lease obligations	ARS 8.44B	ARS 8.89B	ARS 2.91B	ARS 497.0M	ARS 347.0M	ARS 356.0M	ARS 134.2M	ARS 0	ARS 0	ARS 0
Other long-term liabilities	ARS 1.41T	ARS 1.46T	ARS 1.23T	ARS 850.46B	ARS 129.76B	ARS 32.41B	ARS 25.67B	ARS 13.98B	ARS 5.51B	ARS 6.24B
Total liabilities	ARS 3.57T	ARS 3.25T	ARS 2.05T	ARS 2.21T	ARS 319.72B	ARS 85.90B	ARS 60.32B	ARS 46.02B	ARS 24.24B	ARS 18.57B
Shareholders' equity
Common stock & paid-in capital	ARS 874.7M	ARS 977.82B	ARS 743.29B	ARS 743.21B	ARS 109.58B	ARS 37.28B	ARS 27.38B	ARS 17.95B	ARS 1.30B	ARS 1.29B
Retained earnings (deficit)	ARS 239.14B	ARS 334.25B	−ARS 18.04B	−ARS 209.43B	−ARS 41.58B	−ARS 17.70B	ARS 12.13B	ARS 13.22B	−ARS 506.5M	−ARS 1.19B
Treasury stock	—	—	—	—	−ARS 4.58B	−ARS 3.02B	−ARS 2.72B	−ARS 1.62B	ARS 7.8M	ARS 9.4M
Accumulated other comprehensive income	ARS 1.07T	ARS 736.92B	ARS 557.94B	ARS 560.07B	ARS 83.02B	ARS 45.87B	ARS 21.50B	ARS 264.6M	ARS 61.5M	ARS 76.2M
Minority interest	—	—	—	—	—	—	ARS 0	ARS 0	ARS 0	ARS 0
Total shareholders' equity	ARS 2.22T	ARS 1.98T	ARS 1.23T	ARS 1.04T	ARS 143.55B	ARS 62.90B	ARS 59.15B	ARS 30.97B	ARS 1.06B	ARS 361.8M
Key figures
Total debt	ARS 1.17T	ARS 626.65B	ARS 213.23B	ARS 101.38B	ARS 20.66B	ARS 11.75B	ARS 11.86B	ARS 12.14B	ARS 6.26B	ARS 2.82B
Net cash (debt)	−ARS 376.94B	−ARS 104.27B	−ARS 13.42B	ARS 104.31B	ARS 16.09B	−ARS 5.09B	−ARS 8.66B	−ARS 7.52B	−ARS 3.27B	−ARS 569.3M
Working capital	ARS 102.52B	−ARS 162.48B	−ARS 268.96B	−ARS 781.82B	−ARS 108.14B	−ARS 18.86B	−ARS 6.71B	−ARS 7.27B	−ARS 3.28B	−ARS 2.94B
Tangible book value	ARS 2.22T	ARS 1.98T	ARS 1.23T	ARS 1.04T	ARS 143.55B	ARS 62.90B	ARS 59.15B	ARS 30.97B	ARS 1.06B	ARS 361.8M
Shares outstanding	43.8M	43.8M	43.8M	43.8M	43.8M	43.8M	43.8M	44.5M	44.9M	44.9M
Current ratio	1.07	0.89	0.65	0.42	0.43	0.55	0.73	0.65	0.74	0.69
Quick ratio	0.90	0.74	0.53	0.39	0.39	0.50	0.64	0.59	0.70	0.66
Debt / equity	0.53	0.32	0.17	0.10	0.14	0.19	0.20	0.39	5.90	7.80
Equity / assets	38.3%	37.9%	37.5%	32.0%	31.0%	42.3%	49.5%	40.2%	4.2%	1.9%

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima quarterly balance sheet
	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	ARS 1.27T	ARS 769.55B	ARS 796.08B	ARS 484.81B	ARS 387.48B	ARS 372.40B	ARS 406.41B	ARS 253.03B	ARS 177.03B	ARS 169.52B	ARS 91.76B	ARS 60.03B
Cash & equivalents	ARS 548.12B	ARS 165.47B	ARS 207.10B	ARS 37.33B	ARS 59.24B	ARS 10.55B	ARS 23.92B	ARS 2.66B	ARS 1.53B	ARS 25.21B	ARS 9.13B	ARS 7.73B
Short-term investments	ARS 72.56B	ARS 604.07B	ARS 588.97B	ARS 447.48B	ARS 328.24B	ARS 361.86B	ARS 19.14B	ARS 250.37B	ARS 175.49B	ARS 144.31B	ARS 82.63B	ARS 52.30B
Receivables	ARS 602.32B	ARS 518.12B	ARS 518.52B	ARS 521.41B	ARS 501.24B	ARS 475.00B	ARS 362.37B	ARS 410.11B	ARS 328.15B	ARS 253.20B	ARS 212.61B	ARS 98.52B
Inventory	ARS 265.12B	ARS 253.67B	ARS 240.09B	ARS 210.55B	ARS 190.26B	ARS 172.36B	ARS 149.77B	ARS 127.96B	ARS 108.17B	ARS 76.25B	ARS 39.82B	ARS 21.15B
Other current assets	ARS 6.91B	ARS 13.11B	ARS 5.15B	ARS 8.34B	ARS 11.30B	ARS 13.52B	ARS 47.71B	ARS 7.53B	ARS 5.68B	ARS 5.25B	ARS 0	ARS 1.90B
Total current assets	ARS 2.14T	ARS 1.55T	ARS 1.56T	ARS 1.23T	ARS 1.09T	ARS 1.03T	ARS 966.26B	ARS 798.62B	ARS 619.02B	ARS 504.22B	ARS 232.22B	ARS 181.59B
Property, plant & equipment (net)	ARS 4.88T	ARS 4.55T	ARS 4.14T	ARS 3.81T	ARS 3.54T	ARS 3.31T	ARS 3.01T	ARS 2.71T	ARS 2.37T	ARS 1.96T	ARS 1.28T	ARS 829.81B
Goodwill & intangible assets	ARS 0	ARS 0	ARS 0	ARS 0	ARS 0	ARS 0	ARS 0	ARS 0	ARS 0	ARS 0	ARS 0	ARS 0
Long-term investments	ARS 54.95B	ARS 51.20B	ARS 53.89B	ARS 33.87B	ARS 17.51B	ARS 132.0M	ARS 121.0M	ARS 185.0M	ARS 69.0M	ARS 86.0M	ARS 57.0M	ARS 49.0M
Other non-current assets	ARS 837.0M	ARS 526.0M	ARS 38.65B	ARS 526.0M	ARS 12.59B	ARS 526.0M	ARS 124.0M	ARS 3.0M	ARS 3.0M	ARS 3.0M	ARS 3.0M	ARS 3.0M
Total assets	ARS 7.08T	ARS 6.16T	ARS 5.80T	ARS 5.07T	ARS 4.66T	ARS 4.34T	ARS 3.98T	ARS 3.51T	ARS 2.99T	ARS 2.46T	ARS 1.51T	ARS 1.01T
Liabilities
Accounts payable	ARS 699.12B	ARS 522.41B	ARS 521.74B	ARS 458.90B	ARS 459.94B	ARS 759.59B	ARS 613.05B	ARS 532.82B	ARS 408.29B	ARS 345.61B	ARS 195.95B	ARS 109.54B
Short-term debt	ARS 364.66B	ARS 371.60B	ARS 468.60B	ARS 260.62B	ARS 126.69B	ARS 78.14B	ARS 116.41B	ARS 162.29B	ARS 132.93B	ARS 57.01B	ARS 52.82B	ARS 2.27B
Deferred revenue	—	ARS 4.47B	ARS 5.88B	ARS 4.19B	ARS 641.0M	ARS 4.89B	—	ARS 141.0M	ARS 1.79B	ARS 1.19B	ARS 1.32B	ARS 1.03B
Total current liabilities	ARS 1.47T	ARS 1.30T	ARS 1.46T	ARS 1.18T	ARS 1.10T	ARS 1.21T	ARS 1.09T	ARS 974.10B	ARS 813.41B	ARS 637.48B	ARS 355.73B	ARS 194.44B
Long-term debt	ARS 1.34T	ARS 781.36B	ARS 704.55B	ARS 550.98B	ARS 423.80B	ARS 375.20B	ARS 359.95B	ARS 166.74B	ARS 85.59B	ARS 127.28B	ARS 44.34B	ARS 40.33B
Lease obligations	ARS 7.20B	ARS 8.36B	ARS 8.44B	ARS 8.00B	ARS 8.84B	ARS 7.77B	ARS 8.89B	ARS 2.46B	ARS 3.31B	ARS 4.91B	ARS 2.91B	ARS 996.0M
Other long-term liabilities	ARS 1.52T	ARS 1.52T	ARS 1.41T	ARS 1.32T	ARS 1.28T	ARS 1.08T	ARS 1.02T	ARS 1.24T	ARS 1.19T	ARS 983.59B	ARS 669.92B	ARS 468.45B
Total liabilities	ARS 4.33T	ARS 3.61T	ARS 3.57T	ARS 3.06T	ARS 2.80T	ARS 2.67T	ARS 2.47T	ARS 2.39T	ARS 2.09T	ARS 1.75T	ARS 1.07T	ARS 703.22B
Shareholders' equity
Common stock & paid-in capital	ARS 875.0M	ARS 1.07T	ARS 874.7M	ARS 906.59B	ARS 855.53B	ARS 807.01B	ARS 875.0M	ARS 687.94B	ARS 613.63B	ARS 517.51B	ARS 341.33B	ARS 222.66B
Retained earnings (deficit)	ARS 1.67T	ARS 379.68B	ARS 239.14B	ARS 179.46B	ARS 131.00B	ARS 311.77B	ARS 803.65B	−ARS 38.03B	−ARS 136.02B	−ARS 154.58B	−ARS 135.50B	−ARS 67.03B
Accumulated other comprehensive income	ARS 1.16T	ARS 1.15T	ARS 1.07T	ARS 993.14B	ARS 937.21B	ARS 608.19B	ARS 753.06B	ARS 516.36B	ARS 460.59B	ARS 388.49B	ARS 256.21B	ARS 167.76B
Total shareholders' equity	ARS 2.75T	ARS 2.55T	ARS 2.22T	ARS 2.02T	ARS 1.87T	ARS 1.67T	ARS 1.51T	ARS 1.12T	ARS 896.50B	ARS 716.20B	ARS 438.81B	ARS 308.23B
Key figures
Total debt	ARS 1.70T	ARS 1.16T	ARS 1.17T	ARS 811.60B	ARS 545.76B	ARS 453.34B	ARS 476.36B	ARS 329.03B	ARS 218.52B	ARS 185.09B	ARS 97.92B	ARS 42.95B
Net cash (debt)	−ARS 427.96B	−ARS 387.28B	−ARS 376.94B	−ARS 326.79B	−ARS 158.28B	−ARS 80.93B	−ARS 69.95B	−ARS 76.00B	−ARS 41.50B	−ARS 15.58B	−ARS 6.16B	ARS 17.07B
Working capital	ARS 671.43B	ARS 250.90B	ARS 102.52B	ARS 43.06B	−ARS 7.24B	−ARS 178.40B	−ARS 123.52B	−ARS 175.49B	−ARS 194.39B	−ARS 133.26B	−ARS 123.51B	−ARS 12.85B
Tangible book value	ARS 2.75T	ARS 2.55T	ARS 2.22T	ARS 2.02T	ARS 1.87T	ARS 1.67T	ARS 1.51T	ARS 1.12T	ARS 896.50B	ARS 716.20B	ARS 438.81B	ARS 308.23B
Shares outstanding	43.7M	43.8M	43.8M	43.8M	43.8M	43.8M	875.0M	43.8M	43.8M	43.8M	43.8M	43.8M
Current ratio	1.46	1.19	1.07	1.04	0.99	0.85	0.89	0.82	0.76	0.79	0.65	0.93
Quick ratio	1.27	0.99	0.90	0.85	0.81	0.70	0.71	0.68	0.62	0.66	0.86	0.82
Debt / equity	0.62	0.45	0.53	0.40	0.29	0.27	0.32	0.29	0.24	0.26	0.22	0.14
Equity / assets	38.9%	41.4%	38.3%	39.8%	40.0%	38.5%	37.9%	31.9%	30.0%	29.1%	29.1%	30.5%

Quarterly columns are labeled by the month the quarter ended. Figures in Argentine pesos as reported (latest annual report filed April 15, 2026); data from EODHD.

EDN financial position

At the end of fiscal 2025 (December 31, 2025), Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had total assets of ARS 5.80 trillion (up 10.7% from a year earlier), total liabilities of ARS 3.57 trillion and shareholders' equity of ARS 2.22 trillion. It held ARS 796.1 billion in cash and short-term investments against ARS 1.17 trillion of debt, net debt of ARS 376.9 billion. Its current ratio was 1.07. In the latest quarter (ended June 30, 2026) total assets were ARS 7.08 trillion and equity ARS 2.75 trillion.

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

EDN balance sheet FAQ

What are Empresa Distribuidora y Comercializadora Norte Sociedad Anónima's total assets?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima reported total assets of ARS 5.80 trillion at the end of fiscal 2025 (December 31, 2025), compared with ARS 5.24 trillion a year earlier.

How much debt does Empresa Distribuidora y Comercializadora Norte Sociedad Anónima have?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had ARS 1.17 trillion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.53.

How much cash does Empresa Distribuidora y Comercializadora Norte Sociedad Anónima have?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima held ARS 796.1 billion in cash and short-term investments at the end of fiscal 2025; with ARS 1.17 trillion of debt that is net debt of ARS 376.9 billion.

What is Empresa Distribuidora y Comercializadora Norte Sociedad Anónima's book value?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima's shareholders' equity (book value) was ARS 2.22 trillion at the end of fiscal 2025.

What is Empresa Distribuidora y Comercializadora Norte Sociedad Anónima's current ratio?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had current assets of ARS 1.56 trillion and current liabilities of ARS 1.46 trillion, a current ratio of 1.07 (it can cover its short-term obligations).