Embraer S.A. (EMBJ) Balance Sheet
EMBJ balance sheet, 2025
December 31, 2025 · Brazilian reaisR$70.76B assets = R$49.89B liabilities + R$20.88B equity
Both columns are drawn to the same scale: what EMBJ owns equals what it owes plus shareholders’ equity. Hover a block for its value.
EMBJ financial health
Current ratio1.50
Comfortable · current assets cover current liabilities 1.50×
Debt / equity0.79
Moderate leverage · R$0.79 of debt for each $1 of equity
Equity / assets26.7%
Balanced · of assets funded by shareholders
Cash / debt96.8%
Partial cover · cash & short-term investments vs total debt
Goodwill & intangibles21.1%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
EMBJ balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | R$38.24B2016 | R$70.76B2025 | +7.1%/yr | |
| Total liabilities | R$25.17B2016 | R$49.89B2025 | +7.9%/yr | |
| Shareholders’ equity | R$12.54B2016 | R$18.87B2025 | +4.6%/yr | |
| Cash & short-term investments | R$9.84B2016 | R$14.38B2025 | +4.3%/yr | |
| Total debt | R$13.49B2016 | R$14.85B2025 | +1.1%/yr | |
| Net cash (debt) | −R$3.64B2016 | −R$471.0M2025 | +R$3.2B | |
| Working capital | R$11.73B2016 | R$13.08B2025 | +R$1.3B | |
| Current ratio | 2.112016 | 1.502025 | −0.61 | |
| Debt / equity | 1.082016 | 0.792025 | −0.29 | |
| Shares outstanding | 184.3M2016 | 183.3M2025 | −0.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
EMBJ assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
EMBJ liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
EMBJ debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
EMBJ balance sheet in Brazilian reais
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | R$14.38B | R$13.62B | R$10.57B | R$12.36B | R$14.41B | R$14.04B | R$4.84B | R$10.07B | R$12.03B | R$9.84B |
| Cash & equivalents | R$10.68B | R$9.67B | R$8.01B | R$9.72B | R$10.20B | R$9.79B | R$3.27B | R$4.26B | R$4.20B | R$4.05B |
| Short-term investments | R$3.70B | R$3.96B | R$2.56B | R$2.64B | R$4.21B | R$4.25B | R$1.57B | R$5.80B | R$7.83B | R$5.79B |
| Receivables | R$4.81B | R$6.79B | R$4.61B | R$4.63B | R$5.02B | R$4.10B | R$2.70B | R$1.79B | R$1.60B | R$1.56B |
| Inventory | R$17.44B | R$17.92B | R$12.83B | R$12.28B | R$10.97B | R$12.43B | R$4.88B | R$8.24B | R$7.01B | R$8.15B |
| Other current assets | R$2.52B | R$1.95B | R$1.75B | R$1.53B | R$2.56B | R$1.23B | R$20.38B | R$3.44B | R$2.78B | R$2.71B |
| Total current assets | R$39.16B | R$40.27B | R$29.76B | R$30.80B | R$32.95B | R$31.80B | R$32.80B | R$23.54B | R$23.42B | R$22.26B |
| Property, plant & equipment (net) | R$12.25B | R$12.65B | R$9.14B | R$9.17B | R$9.80B | R$10.49B | R$3.85B | R$6.54B | R$6.96B | R$7.03B |
| Goodwill & intangible assets | R$14.90B | R$15.48B | R$11.46B | R$12.02B | R$12.41B | R$10.79B | R$3.42B | R$752.6M | R$651.9M | R$618.8M |
| Long-term investments | R$1.76B | R$392.0M | R$198.2M | R$182.3M | R$70.0M | R$0 | R$0 | R$0 | R$0 | R$0 |
| Other non-current assets | R$2.69B | R$4.33B | R$2.44B | R$2.09B | R$1.71B | R$1.59B | R$383.8M | R$12.92B | R$8.58B | R$8.33B |
| Total assets | R$70.76B | R$73.12B | R$53.00B | R$54.26B | R$56.95B | R$54.68B | R$40.46B | R$43.76B | R$39.61B | R$38.24B |
| Liabilities | ||||||||||
| Accounts payable | R$6.46B | R$6.24B | R$4.04B | R$767.0M | R$2.86B | R$2.61B | R$1.37B | R$2.97B | R$2.73B | R$3.11B |
| Short-term debt | R$690.1M | R$822.5M | R$692.5M | R$1.67B | R$3.28B | R$2.01B | R$91.5M | R$1.68B | R$1.34B | R$1.74B |
| Deferred revenue | R$14.20B | R$15.96B | R$9.48B | R$1.47B | R$6.77B | R$5.38B | R$2.49B | R$3.49B | R$3.31B | R$3.55B |
| Total current liabilities | R$26.08B | R$27.31B | R$18.02B | R$16.79B | R$15.86B | R$12.63B | R$24.44B | R$10.08B | R$9.27B | R$10.53B |
| Long-term debt | R$13.69B | R$2.38B | R$2.76B | R$2.89B | R$3.45B | R$0 | R$0 | R$0 | R$0 | R$0 |
| Lease obligations | R$650.1M | R$111.8M | R$96.0M | R$71.0M | R$63.8M | — | — | — | — | — |
| Other long-term liabilities | R$10.11B | R$22.75B | R$17.28B | R$19.04B | R$22.07B | R$26.93B | R$2.19B | R$14.40B | R$16.52B | R$14.86B |
| Total liabilities | R$49.89B | R$52.44B | R$38.06B | R$38.18B | R$41.39B | R$39.56B | R$26.63B | R$28.49B | R$25.79B | R$25.17B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | R$8.50B | R$9.60B | R$7.63B | R$8.30B | R$8.70B | R$8.07B | R$5.94B | R$5.16B | R$4.79B | R$4.79B |
| Retained earnings (deficit) | — | — | — | — | R$0 | −R$164.3M | — | — | — | — |
| Accumulated other comprehensive income | R$11.25B | R$9.29B | R$5.99B | R$5.37B | R$6.21B | R$6.57B | R$7.48B | R$7.62B | R$8.72B | R$7.93B |
| Minority interest | R$367.3M | R$269.0M | R$252.8M | R$256.8M | — | — | — | — | — | — |
| Total shareholders' equity | R$18.87B | R$19.02B | R$13.70B | R$13.74B | R$14.96B | R$14.53B | R$13.46B | R$12.80B | R$13.44B | R$12.54B |
| Key figures | ||||||||||
| Total debt | R$14.85B | R$16.10B | R$14.66B | R$17.08B | R$22.94B | R$23.46B | R$563.3M | R$13.28B | R$15.09B | R$13.49B |
| Net cash (debt) | −R$471.0M | −R$2.47B | −R$4.09B | −R$4.72B | −R$8.53B | −R$9.42B | R$4.28B | −R$3.21B | −R$3.06B | −R$3.64B |
| Working capital | R$13.08B | R$12.96B | R$11.75B | R$14.01B | R$17.09B | R$19.17B | R$8.36B | R$13.46B | R$14.14B | R$11.73B |
| Tangible book value | R$3.96B | R$3.54B | R$2.24B | R$1.72B | R$2.55B | R$3.74B | R$10.04B | R$12.05B | R$12.79B | R$11.92B |
| Shares outstanding | 183.3M | 183.7M | 183.7M | 183.7M | 183.7M | 184.0M | 184.0M | 183.7M | 183.7M | 184.3M |
| Current ratio | 1.50 | 1.47 | 1.65 | 1.83 | 2.08 | 2.52 | 1.34 | 2.33 | 2.53 | 2.11 |
| Quick ratio | 0.74 | 0.75 | 0.84 | 1.01 | 1.22 | 1.44 | 0.31 | 1.18 | 1.47 | 1.08 |
| Debt / equity | 0.79 | 0.85 | 1.07 | 1.24 | 1.53 | 1.61 | 0.04 | 1.04 | 1.12 | 1.08 |
| Equity / assets | 26.7% | 26.0% | 25.8% | 25.3% | 26.3% | 26.6% | 33.3% | 29.3% | 33.9% | 32.8% |
| Sep '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 | R$11.16B | R$10.90B | R$14.38B | R$9.39B | R$6.89B | R$7.93B | R$10.57B | R$8.06B | R$6.77B | R$7.46B | R$2.15B |
| Cash & equivalents | R$7.20B | R$6.78B | R$10.68B | R$5.67B | R$3.58B | R$4.75B | R$8.01B | R$4.54B | R$4.03B | R$4.65B | R$1.63B |
| Short-term investments | R$3.96B | R$4.12B | R$3.70B | R$3.72B | R$3.31B | R$3.18B | R$2.56B | R$3.52B | R$2.74B | R$2.81B | R$521.7M |
| Receivables | R$6.07B | R$5.67B | R$4.81B | R$6.31B | R$7.48B | R$6.52B | R$4.95B | R$6.28B | R$4.77B | R$5.25B | R$938.1M |
| Inventory | R$19.14B | R$18.90B | R$17.44B | R$19.39B | R$19.46B | R$20.37B | R$12.83B | R$18.05B | R$18.13B | R$15.74B | R$2.61B |
| Other current assets | R$1.72B | R$1.56B | R$2.52B | R$1.46B | R$1.88B | R$1.75B | R$1.41B | R$3.02B | R$2.86B | R$1.18B | R$355.8M |
| Total current assets | R$38.09B | R$37.04B | R$39.16B | R$36.55B | R$35.70B | R$36.57B | R$29.76B | R$35.41B | R$32.53B | R$29.63B | R$6.06B |
| Property, plant & equipment (net) | R$11.87B | R$11.63B | R$12.25B | R$11.70B | R$11.95B | R$12.25B | R$9.14B | R$10.98B | R$10.86B | R$9.47B | R$1.86B |
| Goodwill & intangible assets | R$14.56B | R$14.38B | R$14.90B | R$14.19B | R$14.28B | R$14.92B | R$11.46B | R$13.48B | R$13.60B | R$12.02B | R$2.33B |
| Long-term investments | R$0 | R$215.7M | R$319.1M | R$0 | R$395.1M | R$408.8M | R$392.0M | R$342.5M | R$341.1M | R$0 | R$0 |
| Other non-current assets | R$3.90B | R$3.54B | R$4.13B | R$4.41B | R$3.81B | R$4.16B | R$2.25B | R$3.56B | R$3.42B | R$3.34B | R$537.4M |
| Total assets | R$68.42B | R$66.81B | R$70.76B | R$66.85B | R$66.14B | R$68.31B | R$53.00B | R$63.77B | R$60.75B | R$54.46B | R$10.78B |
| Liabilities | |||||||||||
| Accounts payable | R$6.98B | R$6.59B | R$6.46B | R$6.64B | R$6.67B | R$6.96B | R$4.05B | R$6.60B | R$6.08B | R$4.86B | R$824.6M |
| Short-term debt | R$771.1M | R$628.0M | R$690.1M | R$639.8M | R$782.2M | R$658.2M | R$692.5M | R$654.6M | R$797.6M | R$565.6M | R$140.9M |
| Deferred revenue | R$14.33B | R$13.12B | R$14.20B | R$13.94B | R$15.10B | R$15.78B | R$9.45B | R$11.67B | R$10.78B | R$10.11B | R$1.93B |
| Total current liabilities | R$26.47B | R$25.01B | R$26.08B | R$25.51B | R$26.90B | R$27.69B | R$18.02B | R$22.72B | R$21.66B | R$19.56B | R$3.67B |
| Long-term debt | R$0 | R$2.59B | R$2.49B | R$0 | R$2.08B | R$1.95B | R$2.38B | R$2.54B | R$2.53B | R$0 | R$0 |
| Lease obligations | — | R$117.4M | R$118.1M | — | R$119.0M | R$119.1M | R$111.8M | R$113.0M | R$98.6M | — | — |
| Other long-term liabilities | R$22.15B | R$20.31B | R$21.32B | R$20.30B | R$17.39B | R$18.42B | R$17.66B | R$19.85B | R$19.16B | R$19.51B | R$4.08B |
| Total liabilities | R$48.62B | R$47.92B | R$49.89B | R$45.81B | R$46.37B | R$48.06B | R$38.06B | R$45.11B | R$43.35B | R$39.08B | R$7.74B |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | R$5.15B | R$5.10B | R$8.50B | R$5.16B | R$8.50B | R$9.06B | R$7.63B | R$8.48B | R$8.67B | R$7.84B | R$1.55B |
| Retained earnings (deficit) | R$1.06B | R$172.7M | — | R$1.57B | R$688.5M | R$428.7M | — | R$1.68B | R$715.5M | R$145.1M | — |
| Accumulated other comprehensive income | R$12.03B | R$13.63B | R$11.25B | R$12.51B | R$9.02B | R$9.09B | R$5.99B | R$6.85B | R$6.50B | R$6.00B | R$1.22B |
| Minority interest | — | R$370.7M | R$367.3M | — | R$274.3M | — | — | — | — | — | — |
| Total shareholders' equity | R$17.88B | R$16.88B | R$18.87B | R$19.07B | R$18.26B | R$18.63B | R$13.70B | R$17.12B | R$15.99B | R$14.09B | R$2.79B |
| Key figures | |||||||||||
| Total debt | R$13.37B | R$14.47B | R$14.85B | R$12.73B | R$12.73B | R$12.64B | R$14.66B | R$15.08B | R$15.41B | R$13.74B | R$2.98B |
| Net cash (debt) | −R$2.21B | −R$3.57B | −R$471.0M | −R$3.35B | −R$5.84B | −R$4.71B | −R$4.09B | −R$7.02B | −R$8.63B | −R$6.29B | −R$831.5M |
| Working capital | R$11.62B | R$12.03B | R$13.08B | R$11.04B | R$8.80B | R$8.89B | R$11.75B | R$12.70B | R$10.87B | R$10.07B | R$2.39B |
| Tangible book value | R$3.32B | R$2.50B | R$3.96B | R$4.89B | R$3.98B | R$3.71B | R$2.24B | R$3.64B | R$2.40B | R$2.07B | R$455.5M |
| Shares outstanding | 178.0M | 179.9M | 183.2M | 183.4M | 183.4M | 183.6M | 183.7M | 183.7M | 183.7M | 183.5M | 734.6M |
| Current ratio | 1.44 | 1.48 | 1.50 | 1.43 | 1.33 | 1.32 | 1.65 | 1.56 | 1.50 | 1.51 | 1.65 |
| Quick ratio | 0.65 | 0.66 | 0.74 | 0.62 | 0.53 | 0.52 | 0.86 | 0.63 | 0.53 | 0.65 | 0.84 |
| Debt / equity | 0.75 | 0.86 | 0.79 | 0.67 | 0.70 | 0.68 | 1.07 | 0.88 | 0.96 | 0.98 | 1.07 |
| Equity / assets | 26.1% | 25.3% | 26.7% | 28.5% | 27.6% | 27.3% | 25.8% | 26.9% | 26.3% | 25.9% | 25.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in Brazilian reais as reported (latest annual report filed March 30, 2026); data from EODHD.
EMBJ financial position
At the end of fiscal 2025 (December 31, 2025), Embraer had total assets of R$70.8 billion (down 3.2% from a year earlier), total liabilities of R$49.9 billion and shareholders' equity of R$18.9 billion. It held R$14.4 billion in cash and short-term investments against R$14.9 billion of debt, net debt of R$471.0 million. Its current ratio was 1.50. In the latest quarter (ended September 30, 2026) total assets were R$68.4 billion and equity R$17.9 billion.
Related: EMBJ income statement, EMBJ cash flow statement, EMBJ key metrics. See the EMBJ stock overview for the latest quote and news.
EMBJ balance sheet FAQ
What are Embraer's total assets?
Embraer reported total assets of R$70.8 billion at the end of fiscal 2025 (December 31, 2025), compared with R$73.1 billion a year earlier.
How much debt does Embraer have?
Embraer had R$14.9 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.79.
How much cash does Embraer have?
Embraer held R$14.4 billion in cash and short-term investments at the end of fiscal 2025; with R$14.9 billion of debt that is net debt of R$471.0 million.
What is Embraer's book value?
Embraer's shareholders' equity (book value) was R$18.9 billion at the end of fiscal 2025.
What is Embraer's current ratio?
Embraer had current assets of R$39.2 billion and current liabilities of R$26.1 billion, a current ratio of 1.50 (it can cover its short-term obligations).
How much goodwill does Embraer have?
Embraer carried R$14.9 billion of goodwill and intangible assets, 21.1% of total assets, at the end of fiscal 2025.