GE HealthCare Technologies Inc. (GEHC) Balance Sheet

NASDAQ: GEHCAssets, liabilities, debt and equity over 6 years.

GEHC balance sheet, 2025

December 31, 2025 · U.S. dollars

$36.91B assets = $26.31B liabilities + $10.60B equity

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

GEHC financial health

Current ratio1.18

Adequate · current assets cover current liabilities 1.18×

Debt / equity0.96

Moderate leverage · $0.96 of debt for each $1 of equity

Equity / assets28.1%

Balanced · of assets funded by shareholders

Cash / debt45.1%

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

Goodwill & intangibles39.6%

Acquisition-heavy · of total assets

Descriptive bands, not a rating. Fiscal 2025.

GEHC balance sheet trends, 2020–2025

GE HealthCare Technologies Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$24.23B2020	$36.91B2025	+8.8%/yr
Total liabilities	$9.25B2020	$26.31B2025	+23.2%/yr
Shareholders’ equity	$14.73B2020	$10.38B2025	−6.8%/yr
Cash & short-term investments	$1.01B2020	$4.51B2025	+35.0%/yr
Total debt	$468.0M2020	$10.00B2025	+84.5%/yr
Net cash (debt)	$539.0M2020	−$5.49B2025	−$6.0B
Working capital	−$1.08B2020	$1.60B2025	+$2.7B
Book value per share	$32.392020	$22.552025	−7.0%/yr
Current ratio	0.842020	1.182025	+0.34
Debt / equity	0.032020	0.962025	+0.93
Shares outstanding	454.7M2020	460.3M2025	+0.2%/yr

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

GEHC assets

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

GEHC liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

GEHC debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

GEHC balance sheet

GE HealthCare Technologies Inc. annual balance sheet
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	$4.51B	$2.89B	$2.50B	$1.45B	$556.0M	$1.01B
Cash & equivalents	$4.51B	$2.89B	$2.50B	$1.45B	$556.0M	$1.01B
Short-term investments	—	$15.0M	—	—	—	—
Receivables	$3.96B	$4.38B	$4.32B	$3.99B	$3.79B	$2.66B
Inventory	$2.23B	$1.94B	$1.96B	$2.15B	$1.95B	$1.59B
Other current assets	$0	$311.0M	$231.0M	$226.0M	$250.0M	$190.0M
Total current assets	$10.70B	$9.52B	$9.01B	$7.82B	$6.54B	$5.45B
Property, plant & equipment (net)	$3.09B	$2.55B	$2.50B	$2.31B	$2.23B	$2.20B
Goodwill & intangible assets	$14.62B	$14.21B	$14.19B	$14.33B	$14.74B	$13.47B
Long-term investments	$351.0M	$373.0M	$357.0M	$322.0M	$341.0M	$344.0M
Other non-current assets	$8.14B	$6.44B	$6.40B	$2.75B	$2.45B	$2.76B
Total assets	$36.91B	$33.09B	$32.45B	$27.54B	$26.31B	$24.23B
Liabilities
Accounts payable	$3.25B	$3.02B	$2.95B	$3.09B	$2.73B	$2.39B
Short-term debt	$508.0M	$1.62B	$1.12B	$119.0M	$110.0M	$132.0M
Deferred revenue	—	$1.94B	$1.92B	$1.90B	$1.86B	$1.81B
Total current liabilities	$9.11B	$9.55B	$8.98B	$7.19B	$6.76B	$6.52B
Long-term debt	$9.49B	$7.45B	$8.44B	$8.23B	$31.0M	$31.0M
Lease obligations	$460.0M	$425.0M	$421.0M	$386.0M	$400.0M	$433.0M
Other long-term liabilities	$7.71B	$7.43B	$7.73B	$2.52B	$2.62B	$2.70B
Total liabilities	$26.31B	$24.44B	$25.14B	$17.95B	$9.41B	$9.25B
Shareholders' equity
Common stock & paid-in capital	$5.0M	$5.0M	$5.0M	$11.23B	$17.69B	$15.57B
Retained earnings (deficit)	$5.28B	$3.26B	$1.33B	$0	—	—
Accumulated other comprehensive income	−$1.39B	−$1.38B	−$691.0M	−$1.88B	−$1.04B	$14.73B
Minority interest	$220.0M	$206.0M	$177.0M	$235.0M	—	—
Total shareholders' equity	$10.38B	$8.45B	$7.13B	$9.36B	$16.66B	$14.73B
Key figures
Total debt	$10.00B	$9.38B	$9.86B	$8.63B	$437.0M	$468.0M
Net cash (debt)	−$5.49B	−$6.49B	−$7.36B	−$7.19B	$119.0M	$539.0M
Working capital	$1.60B	−$37.0M	$29.0M	$628.0M	−$218.0M	−$1.08B
Tangible book value	−$4.24B	−$5.77B	−$7.06B	−$4.98B	$1.92B	$1.26B
Book value per share	$22.55	$18.40	$15.57	$20.61	$36.63	$32.39
Shares outstanding	460.3M	459.0M	458.0M	453.9M	454.7M	454.7M
Current ratio	1.18	1.00	1.00	1.09	0.97	0.84
Quick ratio	0.93	0.76	0.76	0.76	0.64	0.56
Debt / equity	0.96	1.11	1.38	0.92	0.03	0.03
Equity / assets	28.1%	25.5%	22.0%	34.0%	63.3%	60.8%

GE HealthCare Technologies Inc. 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	$2.10B	$2.29B	$4.51B	$4.00B	$3.76B	$2.47B	$2.89B	$3.57B	$2.01B	$2.56B	$2.50B	$2.42B
Cash & equivalents	$2.10B	$2.29B	$4.51B	$4.00B	$3.76B	$2.47B	$2.89B	$3.57B	$2.01B	$2.56B	$2.50B	$2.42B
Short-term investments	—	—	—	—	—	$19.0M	$15.0M	$442.0M	—	—	—	—
Receivables	$3.88B	$4.74B	$3.96B	$4.68B	$4.47B	$4.35B	$4.38B	$4.28B	$4.13B	$4.09B	$4.32B	$4.15B
Inventory	$2.48B	$2.35B	$2.23B	$2.30B	$2.28B	$2.16B	$1.94B	$2.12B	$2.02B	$1.99B	$1.96B	$2.13B
Other current assets	$0	$605.0M	$0	$903.0M	$394.0M	$395.0M	$311.0M	$310.0M	$276.0M	$345.0M	$231.0M	$387.0M
Total current assets	$8.47B	$9.98B	$10.70B	$11.89B	$10.91B	$9.38B	$9.52B	$10.28B	$8.44B	$8.99B	$9.01B	$9.08B
Property, plant & equipment (net)	$3.15B	$3.10B	$3.09B	$3.01B	$2.96B	$2.85B	$2.55B	$2.54B	$2.46B	$2.44B	$2.50B	$2.35B
Goodwill & intangible assets	$16.99B	$16.97B	$14.62B	$14.60B	$14.64B	$14.61B	$14.21B	$14.27B	$14.31B	$14.10B	$14.19B	$14.25B
Long-term investments	$362.0M	$352.0M	$351.0M	$302.0M	$244.0M	$235.0M	$373.0M	$361.0M	$340.0M	$346.0M	$357.0M	$0
Other non-current assets	$8.28B	$6.73B	$8.14B	$6.32B	$6.74B	$6.51B	$6.44B	$6.41B	$6.30B	$6.33B	$6.40B	$6.70B
Total assets	$37.25B	$37.12B	$36.91B	$36.13B	$35.50B	$33.59B	$33.09B	$33.85B	$31.85B	$32.21B	$32.45B	$32.38B
Liabilities
Accounts payable	$3.23B	$3.41B	$3.25B	$2.99B	$2.98B	$3.15B	$3.02B	$2.91B	$2.82B	$2.93B	$2.95B	$2.77B
Short-term debt	$2.0M	$139.0M	$508.0M	$2.14B	$2.26B	$2.12B	$1.62B	$1.12B	$1.12B	$1.12B	$1.12B	$7.0M
Deferred revenue	$2.20B	$2.15B	—	$2.00B	$1.98B	$1.89B	$1.94B	$1.92B	$1.88B	$1.88B	$1.92B	$1.93B
Total current liabilities	$8.30B	$8.53B	$9.11B	$10.07B	$9.75B	$9.97B	$9.55B	$8.67B	$8.32B	$8.86B	$8.98B	$7.57B
Long-term debt	$10.09B	$10.13B	$9.49B	$8.28B	$8.27B	$6.76B	$7.45B	$9.31B	$8.23B	$8.25B	$8.44B	$10.25B
Lease obligations	$448.0M	$443.0M	$460.0M	$462.0M	$441.0M	$425.0M	$425.0M	$420.0M	$422.0M	$413.0M	$421.0M	—
Other long-term liabilities	$7.63B	$7.57B	$7.71B	$7.56B	$7.53B	$7.44B	$7.43B	$7.37B	$7.30B	$7.50B	$7.73B	$7.26B
Total liabilities	$26.26B	$26.23B	$26.31B	$25.91B	$25.55B	$24.17B	$24.44B	$25.34B	$23.86B	$24.61B	$25.14B	$25.08B
Shareholders' equity
Common stock & paid-in capital	$5.0M	$5.0M	$5.0M	$5.0M	$5.0M	$5.0M	$5.0M	$5.0M	$5.0M	$5.0M	$5.0M	$5.0M
Retained earnings (deficit)	$6.20B	$5.65B	$5.28B	$4.71B	$4.29B	$3.81B	$3.26B	$2.56B	$2.10B	$1.69B	$1.33B	$937.0M
Accumulated other comprehensive income	−$1.48B	−$1.40B	−$1.39B	−$1.16B	−$1.09B	−$1.20B	−$1.38B	−$771.0M	−$845.0M	−$786.0M	−$691.0M	−$280.0M
Minority interest	$243.0M	$230.0M	$220.0M	$227.0M	$241.0M	—	—	—	—	—	—	—
Total shareholders' equity	$10.97B	$10.67B	$10.38B	$9.99B	$9.71B	$9.19B	$8.45B	$8.32B	$7.80B	$7.41B	$7.13B	$7.13B
Key figures
Total debt	$10.09B	$10.58B	$10.00B	$10.74B	$10.84B	$9.18B	$9.38B	$10.73B	$9.66B	$9.67B	$9.86B	$10.26B
Net cash (debt)	−$7.99B	−$8.29B	−$5.49B	−$6.74B	−$7.08B	−$6.71B	−$6.49B	−$7.17B	−$7.65B	−$7.11B	−$7.36B	−$7.84B
Working capital	$167.0M	$1.45B	$1.60B	$1.82B	$1.17B	−$593.0M	−$37.0M	$1.61B	$121.0M	$130.0M	$29.0M	$1.51B
Tangible book value	−$6.01B	−$6.30B	−$4.24B	−$4.61B	−$4.92B	−$5.42B	−$5.77B	−$5.95B	−$6.51B	−$6.69B	−$7.06B	−$7.12B
Book value per share	$24.17	$23.34	$22.55	$21.87	$21.21	$20.02	$18.40	$18.12	$17.00	$16.14	$15.57	$15.57
Shares outstanding	454.0M	457.0M	460.3M	457.0M	458.0M	459.0M	459.0M	459.0M	459.0M	459.0M	458.0M	458.0M
Current ratio	1.02	1.17	1.18	1.18	1.12	0.94	1.00	1.19	1.01	1.01	1.00	1.20
Quick ratio	0.72	0.82	0.93	0.86	0.85	0.68	0.76	0.90	0.74	0.75	0.76	0.87
Debt / equity	0.92	0.99	0.96	1.08	1.12	1.00	1.11	1.29	1.24	1.31	1.38	1.44
Equity / assets	29.5%	28.7%	28.1%	27.7%	27.4%	27.4%	25.5%	24.6%	24.5%	23.0%	22.0%	22.0%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 4, 2026); data from EODHD.

GEHC financial position

At the end of fiscal 2025 (December 31, 2025), GE HealthCare had total assets of $36.9 billion (up 11.5% from a year earlier), total liabilities of $26.3 billion and shareholders' equity of $10.4 billion. It held $4.5 billion in cash and short-term investments against $10.0 billion of debt, net debt of $5.5 billion. Its current ratio was 1.18. In the latest quarter (ended June 30, 2026) total assets were $37.2 billion and equity $11.0 billion.

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

GEHC balance sheet FAQ

What are GE HealthCare's total assets?

GE HealthCare reported total assets of $36.9 billion at the end of fiscal 2025 (December 31, 2025), compared with $33.1 billion a year earlier.

How much debt does GE HealthCare have?

GE HealthCare had $10.0 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.96.

How much cash does GE HealthCare have?

GE HealthCare held $4.5 billion in cash and short-term investments at the end of fiscal 2025; with $10.0 billion of debt that is net debt of $5.5 billion.

What is GE HealthCare's book value?

GE HealthCare's shareholders' equity (book value) was $10.4 billion at the end of fiscal 2025, or $22.55 per share.

What is GE HealthCare's current ratio?

GE HealthCare had current assets of $10.7 billion and current liabilities of $9.1 billion, a current ratio of 1.18 (it can cover its short-term obligations).

How much goodwill does GE HealthCare have?

GE HealthCare carried $14.6 billion of goodwill and intangible assets, 39.6% of total assets, at the end of fiscal 2025.