Telefonaktiebolaget LM Ericsson (publ) (ERIC) Balance Sheet

NASDAQ: ERICAssets, liabilities, debt and equity over 10 years.

ERIC balance sheet, 2025

December 31, 2025 · Swedish kronor

SEK 279.23B assets = SEK 168.96B liabilities + SEK 110.27B equity

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

ERIC financial health

Current ratio1.29

Adequate · current assets cover current liabilities 1.29×

Debt / equity0.42

Low leverage · SEK 0.42 of debt for each $1 of equity

Equity / assets39.2%

Balanced · of assets funded by shareholders

Cash / debt123.0%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles20.2%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

ERIC balance sheet trends, 2016–2025

Telefonaktiebolaget LM Ericsson (publ) balance sheet trends
Metric	Then	Latest	Change
Total assets	SEK 288.41B2016	SEK 279.23B2025	−0.4%/yr
Total liabilities	SEK 147.15B2016	SEK 168.96B2025	+1.5%/yr
Shareholders’ equity	SEK 140.58B2016	SEK 109.54B2025	−2.7%/yr
Cash & short-term investments	SEK 50.56B2016	SEK 56.64B2025	+1.3%/yr
Total debt	SEK 26.83B2016	SEK 46.04B2025	+6.2%/yr
Net cash (debt)	SEK 23.73B2016	SEK 10.61B2025	SEK 13.1B
Working capital	SEK 81.45B2016	SEK 32.62B2025	SEK 48.8B
Current ratio	1.852016	1.292025	−0.56
Debt / equity	0.192016	0.422025	+0.23
Shares outstanding	3.30B2016	3.34B2025	+0.1%/yr

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

ERIC assets

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

ERIC liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

ERIC debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

ERIC balance sheet in Swedish kronor

Telefonaktiebolaget LM Ericsson (publ) annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	SEK 56.64B	SEK 56.50B	SEK 44.74B	SEK 46.19B	SEK 66.85B	SEK 50.34B	SEK 50.29B	SEK 45.68B	SEK 43.53B	SEK 50.56B
Cash & equivalents	SEK 43.93B	SEK 43.94B	SEK 35.16B	SEK 37.62B	SEK 53.95B	SEK 43.53B	SEK 43.73B	SEK 38.96B	SEK 36.67B	SEK 37.17B
Short-term investments	SEK 12.72B	SEK 12.56B	SEK 9.58B	SEK 8.57B	SEK 12.91B	SEK 6.81B	SEK 6.56B	SEK 6.72B	SEK 6.86B	SEK 13.40B
Receivables	SEK 63.46B	SEK 68.13B	SEK 71.40B	SEK 76.41B	SEK 69.81B	SEK 68.82B	SEK 67.71B	SEK 86.06B	SEK 84.54B	SEK 89.77B
Inventory	SEK 23.45B	SEK 27.20B	SEK 36.17B	SEK 45.44B	SEK 35.52B	SEK 28.51B	SEK 29.94B	SEK 29.69B	SEK 26.11B	SEK 31.86B
Other current assets	SEK 0	SEK 2.66B	SEK 2.55B	SEK 2.46B	SEK 2.29B	SEK 1.85B	SEK 1.38B	SEK 2.13B	SEK 2.60B	SEK 4.53B
Total current assets	SEK 143.56B	SEK 154.49B	SEK 154.86B	SEK 170.50B	SEK 174.47B	SEK 149.53B	SEK 149.32B	SEK 163.57B	SEK 156.78B	SEK 176.72B
Property, plant & equipment (net)	SEK 15.53B	SEK 17.05B	SEK 18.50B	SEK 21.69B	SEK 21.49B	SEK 21.33B	SEK 21.67B	SEK 13.04B	SEK 13.14B	SEK 16.82B
Goodwill & intangible assets	SEK 56.38B	SEK 68.71B	SEK 80.22B	SEK 112.44B	SEK 45.47B	SEK 43.53B	SEK 36.60B	SEK 38.31B	SEK 37.36B	SEK 59.53B
Long-term investments	SEK 46.91B	SEK 28.00B	SEK 20.87B	SEK 19.20B	SEK 40.61B	SEK 30.47B	SEK 31.23B	SEK 33.85B	SEK 35.00B	SEK 16.11B
Other non-current assets	SEK 16.85B	SEK 29.75B	SEK 35.43B	SEK 24.24B	SEK 24.90B	SEK 28.20B	SEK 31.75B	SEK 27.26B	SEK 30.11B	SEK 19.22B
Total assets	SEK 279.23B	SEK 298.01B	SEK 309.89B	SEK 348.07B	SEK 306.94B	SEK 273.05B	SEK 270.57B	SEK 276.03B	SEK 272.38B	SEK 288.41B
Liabilities
Accounts payable	SEK 26.34B	SEK 30.21B	SEK 27.75B	SEK 37.71B	SEK 35.62B	SEK 31.93B	SEK 29.49B	SEK 30.33B	SEK 26.90B	SEK 25.46B
Short-term debt	SEK 5.33B	SEK 8.28B	SEK 19.87B	SEK 8.31B	SEK 11.79B	SEK 10.12B	SEK 11.38B	SEK 2.29B	SEK 2.60B	SEK 8.08B
Deferred revenue	SEK 36.87B	SEK 41.28B	SEK 34.39B	SEK 41.45B	SEK 32.77B	SEK 26.39B	SEK 28.17B	SEK 29.79B	SEK 29.71B	SEK 19.49B
Total current liabilities	SEK 110.94B	SEK 132.03B	SEK 129.29B	SEK 142.85B	SEK 126.71B	SEK 114.12B	SEK 113.33B	SEK 112.57B	SEK 101.71B	SEK 95.28B
Long-term debt	SEK 29.16B	SEK 31.90B	SEK 29.22B	SEK 26.95B	SEK 22.24B	SEK 22.22B	SEK 35.85B	SEK 30.87B	SEK 30.50B	SEK 0
Lease obligations	SEK 7.56B	SEK 7.50B	SEK 7.46B	SEK 9.30B	SEK 9.30B	SEK 9.30B	SEK 9.88B	SEK 0	SEK 0	SEK 0
Other long-term liabilities	SEK 28.86B	SEK 40.97B	SEK 54.05B	SEK 47.50B	SEK 51.10B	SEK 51.69B	SEK 41.95B	SEK 43.51B	SEK 40.47B	SEK 51.88B
Total liabilities	SEK 168.96B	SEK 204.91B	SEK 212.56B	SEK 217.30B	SEK 200.05B	SEK 188.03B	SEK 191.13B	SEK 186.95B	SEK 172.67B	SEK 147.15B
Shareholders' equity
Common stock & paid-in capital	—	SEK 16.76B	SEK 16.71B	SEK 16.36B	SEK 16.64B	SEK 16.64B	SEK 16.17B	SEK 16.92B	SEK 17.04B	SEK 16.75B
Retained earnings (deficit)	SEK 65.11B	SEK 42.35B	SEK 50.42B	SEK 83.59B	SEK 66.79B	SEK 47.87B	SEK 37.70B	SEK 45.27B	SEK 56.75B	SEK 98.96B
Treasury stock	—	—	—	—	—	—	SEK 0	SEK 0	SEK 0	SEK 0
Accumulated other comprehensive income	—	SEK 10.53B	SEK 6.75B	SEK 8.05B	SEK 453.1M	−SEK 2.68B	SEK 2.22B	SEK 979.4M	−SEK 29.69B	−SEK 30.47B
Minority interest	SEK 729.0M	−SEK 1.30B	−SEK 1.26B	−SEK 1.51B	—	—	SEK 0	SEK 0	SEK 0	SEK 0
Total shareholders' equity	SEK 109.54B	SEK 94.40B	SEK 98.59B	SEK 132.25B	SEK 108.57B	SEK 86.52B	SEK 80.09B	SEK 88.27B	SEK 99.06B	SEK 140.58B
Key figures
Total debt	SEK 46.04B	SEK 45.59B	SEK 54.28B	SEK 41.43B	SEK 41.05B	SEK 39.39B	SEK 46.16B	SEK 33.62B	SEK 33.77B	SEK 26.83B
Net cash (debt)	SEK 10.61B	SEK 10.91B	−SEK 9.55B	SEK 4.76B	SEK 25.80B	SEK 10.95B	SEK 4.13B	SEK 12.07B	SEK 9.76B	SEK 23.73B
Working capital	SEK 32.62B	SEK 22.46B	SEK 25.57B	SEK 27.65B	SEK 47.76B	SEK 35.41B	SEK 35.99B	SEK 51.00B	SEK 55.07B	SEK 81.45B
Tangible book value	SEK 53.16B	SEK 25.69B	SEK 18.37B	SEK 19.82B	SEK 63.09B	SEK 42.99B	SEK 43.49B	SEK 49.97B	SEK 61.70B	SEK 81.04B
Shares outstanding	3.34B	3.34B	3.33B	3.33B	3.33B	3.33B	3.32B	3.32B	3.32B	3.30B
Current ratio	1.29	1.17	1.20	1.19	1.38	1.31	1.32	1.45	1.54	1.85
Quick ratio	1.08	0.94	0.90	0.86	1.08	1.04	1.04	1.17	1.26	1.47
Debt / equity	0.42	0.48	0.55	0.31	0.38	0.46	0.58	0.38	0.34	0.19
Equity / assets	39.2%	31.7%	31.8%	38.0%	35.4%	31.7%	29.6%	32.0%	36.4%	48.7%

Telefonaktiebolaget LM Ericsson (publ) quarterly balance sheet
	Sep '26	Jun '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	SEK 59.46B	SEK 53.97B	SEK 62.74B	SEK 56.64B	SEK 50.82B	SEK 40.20B	SEK 49.55B	SEK 56.50B	SEK 47.13B	SEK 42.50B	SEK 41.13B	SEK 44.74B
Cash & equivalents	SEK 51.67B	SEK 41.59B	SEK 52.03B	SEK 43.93B	SEK 42.51B	SEK 33.44B	SEK 44.43B	SEK 43.94B	SEK 37.12B	SEK 28.68B	SEK 32.11B	SEK 35.16B
Short-term investments	—	SEK 12.38B	SEK 10.72B	SEK 12.72B	SEK 8.31B	SEK 6.75B	SEK 5.13B	SEK 12.56B	SEK 10.01B	SEK 13.81B	SEK 9.02B	SEK 9.58B
Receivables	SEK 64.16B	SEK 62.13B	SEK 62.27B	SEK 63.46B	SEK 62.31B	SEK 63.66B	SEK 65.86B	SEK 68.13B	SEK 65.17B	SEK 71.98B	SEK 76.44B	SEK 71.40B
Inventory	SEK 35.81B	SEK 30.64B	SEK 25.59B	SEK 23.45B	SEK 27.40B	SEK 26.92B	SEK 27.55B	SEK 27.20B	SEK 28.85B	SEK 30.84B	SEK 34.85B	SEK 36.17B
Other current assets	SEK 0	SEK 997,000	SEK 0	SEK 0	SEK 0	SEK 0	SEK 0	SEK 2.66B	SEK 1,000	SEK 0	SEK 0	SEK 2.55B
Total current assets	SEK 159.43B	SEK 146.74B	SEK 150.60B	SEK 143.56B	SEK 140.54B	SEK 130.78B	SEK 142.96B	SEK 154.49B	SEK 141.16B	SEK 145.32B	SEK 152.42B	SEK 154.86B
Property, plant & equipment (net)	SEK 16.20B	SEK 15.89B	SEK 15.73B	SEK 15.53B	SEK 15.39B	SEK 15.05B	SEK 15.75B	SEK 17.05B	SEK 16.61B	SEK 17.59B	SEK 18.50B	SEK 18.50B
Goodwill & intangible assets	SEK 51.23B	SEK 58.18B	SEK 57.59B	SEK 56.38B	SEK 57.57B	SEK 59.51B	SEK 62.65B	SEK 68.71B	SEK 64.24B	SEK 67.58B	SEK 85.11B	SEK 80.22B
Long-term investments	SEK 0	SEK 47.50B	SEK 46.52B	SEK 46.91B	SEK 46.49B	SEK 41.31B	SEK 33.26B	SEK 28.00B	SEK 24.23B	SEK 21.81B	SEK 22.29B	SEK 20.87B
Other non-current assets	SEK 78.12B	SEK 18.86B	SEK 18.35B	SEK 16.85B	SEK 21.28B	SEK 22.48B	SEK 22.33B	SEK 29.75B	SEK 24.75B	SEK 25.68B	SEK 23.67B	SEK 35.43B
Total assets	SEK 304.97B	SEK 287.17B	SEK 288.79B	SEK 279.23B	SEK 281.27B	SEK 269.12B	SEK 276.96B	SEK 298.01B	SEK 271.00B	SEK 277.99B	SEK 301.99B	SEK 309.89B
Liabilities
Accounts payable	SEK 30.73B	SEK 28.85B	SEK 26.57B	SEK 26.34B	SEK 25.35B	SEK 24.67B	SEK 26.35B	SEK 30.21B	SEK 25.75B	SEK 26.68B	SEK 25.51B	SEK 27.75B
Short-term debt	SEK 11.38B	SEK 11.22B	SEK 11.58B	SEK 5.33B	SEK 8.49B	SEK 9.10B	SEK 7.49B	SEK 8.28B	SEK 5.20B	SEK 10.25B	SEK 10.83B	SEK 19.87B
Deferred revenue	SEK 41.01B	SEK 45.02B	SEK 45.75B	SEK 36.87B	SEK 40.64B	SEK 44.14B	SEK 46.59B	SEK 41.28B	SEK 39.33B	SEK 40.63B	SEK 42.89B	SEK 34.39B
Total current liabilities	SEK 137.56B	SEK 131.00B	SEK 134.32B	SEK 110.94B	SEK 119.99B	SEK 120.10B	SEK 131.11B	SEK 132.03B	SEK 118.26B	SEK 127.23B	SEK 125.32B	SEK 129.29B
Long-term debt	SEK 0	SEK 21.99B	SEK 21.54B	SEK 29.16B	SEK 29.87B	SEK 29.94B	SEK 29.93B	SEK 31.90B	SEK 33.52B	SEK 32.52B	SEK 32.67B	SEK 29.22B
Lease obligations	—	SEK 8.02B	SEK 7.88B	SEK 7.56B	SEK 7.39B	SEK 6.53B	SEK 6.89B	SEK 7.50B	SEK 6.86B	SEK 7.34B	SEK 7.54B	SEK 7.46B
Other long-term liabilities	SEK 54.87B	SEK 29.69B	SEK 30.37B	SEK 28.86B	SEK 29.35B	SEK 33.83B	SEK 31.37B	SEK 40.97B	SEK 34.32B	SEK 35.92B	SEK 35.47B	SEK 54.05B
Total liabilities	SEK 192.43B	SEK 182.67B	SEK 186.22B	SEK 168.96B	SEK 179.22B	SEK 183.88B	SEK 192.41B	SEK 204.91B	SEK 186.10B	SEK 195.67B	SEK 193.46B	SEK 212.56B
Shareholders' equity
Common stock & paid-in capital	—	—	—	—	—	SEK 86.75B	—	SEK 16.76B	—	SEK 83.84B	SEK 109.14B	SEK 16.71B
Retained earnings (deficit)	—	—	—	SEK 65.11B	—	—	—	SEK 42.35B	—	—	—	SEK 50.42B
Accumulated other comprehensive income	—	—	—	—	—	—	—	SEK 11.03B	—	—	—	SEK 6.81B
Minority interest	—	SEK 718.0M	SEK 692.0M	SEK 729.0M	−SEK 164.0M	−SEK 1.05B	—	—	—	—	—	—
Total shareholders' equity	SEK 111.75B	SEK 103.78B	SEK 101.87B	SEK 109.54B	SEK 102.22B	SEK 86.29B	SEK 85.72B	SEK 94.40B	SEK 86.17B	SEK 83.69B	SEK 110.03B	SEK 98.59B
Key figures
Total debt	SEK 39.52B	SEK 39.38B	SEK 39.07B	SEK 46.04B	SEK 43.75B	SEK 43.53B	SEK 42.26B	SEK 45.59B	SEK 43.29B	SEK 47.84B	SEK 49.10B	SEK 54.28B
Net cash (debt)	SEK 19.94B	SEK 14.59B	SEK 23.67B	SEK 10.61B	SEK 7.07B	−SEK 3.33B	SEK 7.29B	SEK 10.91B	SEK 3.84B	−SEK 5.35B	−SEK 7.97B	−SEK 9.55B
Working capital	SEK 21.87B	SEK 15.75B	SEK 16.28B	SEK 32.62B	SEK 20.55B	SEK 10.68B	SEK 11.85B	SEK 22.46B	SEK 22.90B	SEK 18.09B	SEK 27.10B	SEK 25.57B
Tangible book value	SEK 60.52B	SEK 45.61B	SEK 44.28B	SEK 53.16B	SEK 44.65B	SEK 26.78B	SEK 23.07B	SEK 25.69B	SEK 21.92B	SEK 16.11B	SEK 24.92B	SEK 18.37B
Shares outstanding	3.27B	3.32B	3.34B	3.34B	3.33B	3.33B	3.34B	3.33B	3.34B	3.33B	3.33B	3.33B
Current ratio	1.16	1.12	1.12	1.29	1.17	1.09	1.09	1.17	1.19	1.14	1.22	1.20
Quick ratio	0.90	0.89	0.93	1.08	0.94	0.86	0.88	0.94	0.95	0.90	0.94	0.90
Debt / equity	0.35	0.38	0.38	0.42	0.43	0.50	0.49	0.48	0.50	0.57	0.45	0.55
Equity / assets	36.6%	36.1%	35.3%	39.2%	36.3%	32.1%	31.0%	31.7%	31.8%	30.1%	36.4%	31.8%

Quarterly columns are labeled by the month the quarter ended. Figures in Swedish kronor as reported (latest annual report filed March 12, 2026); data from EODHD.

ERIC financial position

At the end of fiscal 2025 (December 31, 2025), Telefonaktiebolaget LM Ericsson had total assets of SEK 279.2 billion (down 6.3% from a year earlier), total liabilities of SEK 169.0 billion and shareholders' equity of SEK 109.5 billion. It held SEK 56.6 billion in cash and short-term investments against SEK 46.0 billion of debt, a net cash position of SEK 10.6 billion. Its current ratio was 1.29. In the latest quarter (ended September 30, 2026) total assets were SEK 305.0 billion and equity SEK 111.8 billion.

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

ERIC balance sheet FAQ

What are Telefonaktiebolaget LM Ericsson's total assets?

Telefonaktiebolaget LM Ericsson reported total assets of SEK 279.2 billion at the end of fiscal 2025 (December 31, 2025), compared with SEK 298.0 billion a year earlier.

How much debt does Telefonaktiebolaget LM Ericsson have?

Telefonaktiebolaget LM Ericsson had SEK 46.0 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.42.

How much cash does Telefonaktiebolaget LM Ericsson have?

Telefonaktiebolaget LM Ericsson held SEK 56.6 billion in cash and short-term investments at the end of fiscal 2025; with SEK 46.0 billion of debt that is net cash of SEK 10.6 billion.

What is Telefonaktiebolaget LM Ericsson's book value?

Telefonaktiebolaget LM Ericsson's shareholders' equity (book value) was SEK 109.5 billion at the end of fiscal 2025.

What is Telefonaktiebolaget LM Ericsson's current ratio?

Telefonaktiebolaget LM Ericsson had current assets of SEK 143.6 billion and current liabilities of SEK 110.9 billion, a current ratio of 1.29 (it can cover its short-term obligations).

How much goodwill does Telefonaktiebolaget LM Ericsson have?

Telefonaktiebolaget LM Ericsson carried SEK 56.4 billion of goodwill and intangible assets, 20.2% of total assets, at the end of fiscal 2025.