Genpact Limited (G) Balance Sheet
G balance sheet, 2025
December 31, 2025 · U.S. dollars$5.84B assets = $3.29B liabilities + $2.55B equity
Both columns are drawn to the same scale: what G owns equals what it owes plus shareholders’ equity. Hover a block for its value.
G financial health
Current ratio1.66
Comfortable · current assets cover current liabilities 1.66×
Debt / equity0.69
Moderate leverage · $0.69 of debt for each $1 of equity
Equity / assets43.6%
Equity-funded · of assets funded by shareholders
Cash / debt68.2%
Partial cover · cash & short-term investments vs total debt
Goodwill & intangibles31.6%
Acquisition-heavy · of total assets
Descriptive bands, not a rating. Fiscal 2025.
G balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.89B2016 | $5.84B2025 | +8.2%/yr | |
| Total liabilities | $1.60B2016 | $3.29B2025 | +8.4%/yr | |
| Shareholders’ equity | $1.29B2016 | $2.55B2025 | +7.9%/yr | |
| Cash & short-term investments | $422.6M2016 | $1.20B2025 | +12.3%/yr | |
| Total debt | $897.3M2016 | $1.76B2025 | +7.8%/yr | |
| Net cash (debt) | −$474.7M2016 | −$560.7M2025 | −$86.0M | |
| Working capital | $495.7M2016 | $1.05B2025 | +$558.2M | |
| Book value per share | $6.122016 | $14.432025 | +10.0%/yr | |
| Current ratio | 1.682016 | 1.662025 | −0.02 | |
| Debt / equity | 0.702016 | 0.692025 | −0.01 | |
| Shares outstanding | 210.1M2016 | 176.6M2025 | −1.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
G assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
G liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
G debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
G balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.20B | $671.6M | $583.7M | $646.8M | $899.5M | $680.4M | $467.1M | $368.4M | $504.5M | $422.6M |
| Cash & equivalents | $853.8M | $648.2M | $583.7M | $646.8M | $899.5M | $680.4M | $467.1M | $368.4M | $504.5M | $422.6M |
| Short-term investments | $350.0M | $23.4M | $4.4M | $5.4M | $5.8M | $8.8M | $1.8M | $34.5M | $48.2M | $34.7M |
| Receivables | $1.28B | $1.23B | $1.13B | $1.01B | $896.2M | $890.1M | $933.4M | $796.7M | $693.1M | $615.3M |
| Inventory | $0 | $0 | $9.5M | $1 | $103.7M | $150.1M | $121.2M | $150.2M | $191.4M | $172.5M |
| Other current assets | $173.0M | $177.3M | $164.6M | $126.4M | $22.2M | $28.3M | $30.0M | $39.8M | $44.9M | $16.6M |
| Total current assets | $2.66B | $2.08B | $1.89B | $1.78B | $1.92B | $1.75B | $1.55B | $1.36B | $1.43B | $1.23B |
| Property, plant & equipment (net) | $372.2M | $409.0M | $393.7M | $405.5M | $520.0M | $585.9M | $618.4M | $212.7M | $207.0M | $200.1M |
| Goodwill & intangible assets | $1.85B | $1.70B | $1.74B | $1.77B | $1.90B | $1.93B | $1.81B | $1.57B | $1.47B | $1.14B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $836,000 | $886,000 | $4.8M |
| Other non-current assets | $966.6M | $801.3M | $783.7M | $629.9M | $633.0M | $606.3M | $478.8M | $389.9M | $339.1M | $312.5M |
| Total assets | $5.84B | $4.99B | $4.81B | $4.59B | $4.98B | $4.87B | $4.45B | $3.53B | $3.45B | $2.89B |
| Liabilities | ||||||||||
| Accounts payable | $27.5M | $36.5M | $27.7M | $35.8M | $25.0M | $13.9M | $22.0M | $42.6M | $15.1M | $9.8M |
| Short-term debt | $437.7M | $87.4M | $503.4M | $246.8M | $463.6M | $358.1M | $170.9M | $330.3M | $210.8M | $200.5M |
| Deferred revenue | $207.0M | $105.7M | $112.4M | $160.6M | $160.6M | $154.7M | $97.3M | $64.7M | $77.7M | $72.5M |
| Total current liabilities | $1.60B | $963.7M | $1.32B | $1.10B | $1.31B | $1.20B | $910.2M | $976.3M | $838.8M | $731.4M |
| Long-term debt | $1.20B | $1.20B | $831.6M | $1.25B | $1.27B | $1.31B | $1.34B | $975.6M | $1.01B | $698.2M |
| Lease obligations | $222.2M | $223.7M | $236.0M | $244.5M | $309.3M | $345.8M | $390.2M | $3.5M | $4.2M | $3.8M |
| Other long-term liabilities | $496.1M | $429.7M | $407.8M | $410.2M | $496.9M | $529.3M | $515.0M | $173.3M | $180.1M | $169.7M |
| Total liabilities | $3.29B | $2.60B | $2.56B | $2.76B | $3.08B | $3.04B | $2.77B | $2.13B | $2.03B | $1.60B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.7M | $1.7M | $1.8M | $1.8M | $1.8M | $1.9M | $1.9M | $1.9M | $1.42B | $1.39B |
| Retained earnings (deficit) | $1.39B | $1.24B | $1.09B | $780.0M | $732.5M | $741.7M | $648.7M | $438.5M | $356.0M | $358.1M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$861.4M | −$794.1M | −$722.5M | −$733.1M | −$554.4M | −$545.3M | −$532.0M | −$507.5M | −$355.2M | −$457.9M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $2.55B | $2.39B | $2.25B | $1.83B | $1.90B | $1.83B | $1.69B | $1.40B | $1.42B | $1.29B |
| Key figures | ||||||||||
| Total debt | $1.76B | $1.45B | $1.50B | $1.70B | $2.00B | $1.99B | $1.83B | $1.30B | $1.22B | $897.3M |
| Net cash (debt) | −$560.7M | −$773.5M | −$919.3M | −$1.05B | −$1.10B | −$1.31B | −$1.37B | −$935.7M | −$711.4M | −$474.7M |
| Working capital | $1.05B | $1.12B | $573.6M | $676.2M | $612.8M | $546.2M | $641.5M | $378.7M | $595.1M | $495.7M |
| Tangible book value | $701.2M | $692.9M | $511.6M | $52.2M | −$3.5M | −$98.2M | −$116.2M | −$166.7M | −$44.7M | $145.2M |
| Book value per share | $14.43 | $13.24 | $12.14 | $9.71 | $9.83 | $9.37 | $8.66 | $7.24 | $7.23 | $6.12 |
| Shares outstanding | 176.6M | 180.4M | 185.1M | 188.1M | 193.0M | 195.8M | 195.2M | 194.0M | 197.0M | 210.1M |
| Current ratio | 1.66 | 2.16 | 1.44 | 1.61 | 1.47 | 1.45 | 1.70 | 1.39 | 1.71 | 1.68 |
| Quick ratio | 1.55 | 1.97 | 1.30 | 1.50 | 1.37 | 1.31 | 1.54 | 1.19 | 1.43 | 1.42 |
| Debt / equity | 0.69 | 0.60 | 0.67 | 0.93 | 1.05 | 1.08 | 1.09 | 0.93 | 0.85 | 0.70 |
| Equity / assets | 43.6% | 47.9% | 46.8% | 39.8% | 38.1% | 37.6% | 37.9% | 39.8% | 41.3% | 44.6% |
| 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 | $517.4M | $928.1M | $1.20B | $740.8M | $663.3M | $561.6M | $671.6M | $1.02B | $914.2M | $478.4M | $583.7M | $541.0M |
| Cash & equivalents | $517.4M | $578.1M | $853.8M | $740.8M | $663.3M | $561.6M | $648.2M | $1.02B | $914.2M | $478.4M | $583.7M | $541.0M |
| Short-term investments | $0 | $350.0M | $350.0M | $4.2M | $4.6M | $3.7M | $23.4M | $5.4M | $1.7M | $4.8M | $4.4M | $3.3M |
| Receivables | $1.45B | $1.31B | $1.28B | $1.32B | $1.31B | $1.23B | $1.23B | $1.23B | $1.18B | $1.17B | $1.13B | $1.07B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$136.8M | $1 | $0 | $1 |
| Other current assets | $206.9M | $171.1M | $173.0M | $151.6M | $162.9M | $150.9M | $177.3M | $144.6M | $309.8M | $185.5M | $174.1M | $257.8M |
| Total current assets | $2.17B | $2.41B | $2.66B | $2.21B | $2.14B | $1.94B | $2.08B | $2.40B | $2.27B | $1.83B | $1.89B | $1.87B |
| Property, plant & equipment (net) | $184.4M | $368.1M | $372.2M | $361.0M | $414.1M | $395.5M | $409.0M | $393.3M | $394.2M | $392.9M | $393.7M | $356.3M |
| Goodwill & intangible assets | $1.84B | $1.84B | $1.85B | $1.86B | $1.87B | $1.70B | $1.70B | $1.72B | $1.72B | $1.73B | $1.74B | $1.74B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.22B | $1.01B | $966.6M | $935.5M | $887.2M | $861.0M | $801.3M | $815.2M | $800.3M | $791.3M | $783.7M | $633.3M |
| Total assets | $5.41B | $5.62B | $5.84B | $5.36B | $5.31B | $4.89B | $4.99B | $5.33B | $5.18B | $4.74B | $4.81B | $4.60B |
| Liabilities | ||||||||||||
| Accounts payable | $16.1M | $26.2M | $27.5M | $34.8M | $43.9M | $37.3M | $36.5M | $18.5M | $28.4M | $28.0M | $27.7M | $26.7M |
| Short-term debt | $97.6M | $439.4M | $437.7M | $437.5M | $525.0M | $88.8M | $87.4M | $485.7M | $481.8M | $531.8M | $503.4M | $143.2M |
| Deferred revenue | $152.6M | $195.6M | $207.0M | $128.6M | $97.0M | $98.0M | $105.7M | $105.7M | $113.8M | $111.8M | $112.4M | $114.4M |
| Total current liabilities | $1.09B | $1.43B | $1.60B | $1.46B | $1.39B | $791.7M | $963.7M | $1.29B | $1.20B | $1.19B | $1.32B | $979.0M |
| Long-term debt | $1.15B | $1.16B | $1.20B | $837.2M | $843.7M | $1.20B | $1.20B | $1.21B | $1.21B | $818.3M | $824.7M | $1.23B |
| Lease obligations | $234.4M | $221.6M | $222.2M | $226.1M | $237.5M | $228.8M | $223.7M | $230.4M | $240.3M | $242.7M | $236.0M | $209.2M |
| Other long-term liabilities | $566.5M | $555.6M | $496.1M | $520.8M | $485.0M | $449.8M | $429.7M | $426.0M | $435.2M | $438.5M | $414.7M | $379.9M |
| Total liabilities | $2.81B | $3.14B | $3.29B | $2.82B | $2.72B | $2.44B | $2.60B | $2.93B | $2.84B | $2.44B | $2.56B | $2.59B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.8M | $1.8M | $1.8M | $1.8M | $1.8M |
| Retained earnings (deficit) | $1.50B | $1.44B | $1.39B | $1.37B | $1.35B | $1.27B | $1.24B | $1.21B | $1.18B | $1.14B | $1.09B | $893.6M |
| Accumulated other comprehensive income | −$947.6M | −$984.5M | −$861.4M | −$822.5M | −$727.5M | −$764.9M | −$794.1M | −$736.5M | −$740.5M | −$727.2M | −$722.5M | −$742.2M |
| Total shareholders' equity | $2.60B | $2.48B | $2.55B | $2.54B | $2.59B | $2.45B | $2.39B | $2.39B | $2.34B | $2.30B | $2.25B | $2.01B |
| Key figures | ||||||||||||
| Total debt | $1.41B | $1.76B | $1.76B | $1.43B | $1.53B | $1.44B | $1.45B | $1.86B | $1.87B | $1.54B | $1.50B | $1.54B |
| Net cash (debt) | −$897.2M | −$829.8M | −$560.7M | −$688.3M | −$868.3M | −$882.5M | −$773.5M | −$835.3M | −$959.7M | −$1.06B | −$919.3M | −$999.3M |
| Working capital | $1.08B | $979.0M | $1.05B | $750.9M | $742.6M | $1.15B | $1.12B | $1.11B | $1.07B | $645.0M | $573.6M | $890.6M |
| Tangible book value | $762.7M | $637.8M | $701.2M | $689.4M | $715.3M | $757.4M | $692.9M | $678.3M | $620.1M | $572.3M | $511.6M | $269.8M |
| Book value per share | $15.28 | $14.32 | $14.57 | $14.45 | $14.61 | $13.75 | $13.24 | $13.24 | $12.92 | $12.63 | $12.26 | $10.93 |
| Shares outstanding | 170.4M | 172.8M | 175.0M | 176.1M | 177.1M | 178.4M | 180.4M | 180.9M | 180.9M | 181.9M | 183.4M | 183.8M |
| Current ratio | 2.00 | 1.69 | 1.66 | 1.51 | 1.53 | 2.45 | 2.16 | 1.85 | 1.89 | 1.54 | 1.44 | 1.91 |
| Quick ratio | 1.81 | 1.57 | 1.55 | 1.41 | 1.42 | 2.26 | 1.97 | 1.74 | 1.75 | 1.39 | 1.30 | 1.65 |
| Debt / equity | 0.54 | 0.71 | 0.69 | 0.56 | 0.59 | 0.59 | 0.60 | 0.78 | 0.80 | 0.67 | 0.67 | 0.77 |
| Equity / assets | 48.1% | 44.1% | 43.6% | 47.4% | 48.7% | 50.1% | 47.9% | 45.0% | 45.1% | 48.5% | 46.8% | 43.7% |
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.
G financial position
At the end of fiscal 2025 (December 31, 2025), Genpact had total assets of $5.8 billion (up 17.2% from a year earlier), total liabilities of $3.3 billion and shareholders' equity of $2.5 billion. It held $1.2 billion in cash and short-term investments against $1.8 billion of debt, net debt of $560.7 million. Its current ratio was 1.66. In the latest quarter (ended June 30, 2026) total assets were $5.4 billion and equity $2.6 billion.
Related: G income statement, G cash flow statement, G key metrics. See the G stock overview for the latest quote and news.
G balance sheet FAQ
What are Genpact's total assets?
Genpact reported total assets of $5.8 billion at the end of fiscal 2025 (December 31, 2025), compared with $5.0 billion a year earlier.
How much debt does Genpact have?
Genpact had $1.8 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.69.
How much cash does Genpact have?
Genpact held $1.2 billion in cash and short-term investments at the end of fiscal 2025; with $1.8 billion of debt that is net debt of $560.7 million.
What is Genpact's book value?
Genpact's shareholders' equity (book value) was $2.5 billion at the end of fiscal 2025, or $14.43 per share.
What is Genpact's current ratio?
Genpact had current assets of $2.7 billion and current liabilities of $1.6 billion, a current ratio of 1.66 (it can cover its short-term obligations).
How much goodwill does Genpact have?
Genpact carried $1.8 billion of goodwill and intangible assets, 31.6% of total assets, at the end of fiscal 2025.