Grab Holdings Limited (GRAB) Balance Sheet

NASDAQ: GRABAssets, liabilities, debt and equity over 7 years.

GRAB balance sheet, 2025

December 31, 2025 · U.S. dollars

$11.98B assets = $5.23B liabilities + $6.76B equity

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

GRAB financial health

Current ratio1.75

Comfortable · current assets cover current liabilities 1.75×

Debt / equity0.31

Low leverage · $0.31 of debt for each $1 of equity

Equity / assets56.1%

Equity-funded · of assets funded by shareholders

Cash / debt331.4%

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

Goodwill & intangibles8.8%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

GRAB balance sheet trends, 2019–2025

Grab Holdings Limited balance sheet trends
Metric	Then	Latest	Change
Total assets	$5.02B2019	$11.98B2025	+15.6%/yr
Total liabilities	$9.25B2019	$5.23B2025	−9.1%/yr
Shareholders’ equity	−$4.29B2019	$6.73B2025	—
Cash & short-term investments	$2.79B2019	$6.80B2025	+16.0%/yr
Total debt	$8.60B2019	$2.05B2025	−21.2%/yr
Net cash (debt)	−$5.81B2019	$4.75B2025	+$10.6B
Working capital	$2.36B2019	$3.45B2025	+$1.1B
Book value per share	−$1.092019	$1.602025	—
Current ratio	4.012019	1.752025	−2.26
Debt / equity	0.272021	0.312025	+0.03
Shares outstanding	3.95B2019	4.21B2025	+1.1%/yr

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

GRAB assets

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

GRAB liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

GRAB debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

GRAB balance sheet

Grab Holdings Limited annual balance sheet
	2025	2024	2023	2022	2021	2020	2019
Assets
Cash & short-term investments	$6.80B	$5.63B	$5.04B	$5.09B	$8.08B	$3.30B	$2.79B
Cash & equivalents	$3.43B	$2.96B	$3.14B	$1.95B	$4.84B	$2.00B	$1.51B
Short-term investments	$3.37B	$2.67B	$1.91B	$3.13B	$3.24B	$1.30B	$1.28B
Receivables	$1.00B	$649.0M	$486.0M	$406.0M	$288.0M	$212.0M	$69.0M
Inventory	$87.0M	$59.0M	$49.0M	$48.0M	$4.0M	$3.0M	$5.0M
Other current assets	$189.0M	$229.0M	$190.0M	$148.0M	$305.0M	$238.0M	$273.0M
Total current assets	$8.08B	$6.57B	$5.77B	$5.69B	$8.68B	$3.75B	$3.14B
Property, plant & equipment (net)	$831.0M	$567.0M	$512.0M	$492.0M	$441.0M	$384.0M	$534.0M
Goodwill & intangible assets	$1.06B	$975.0M	$916.0M	$904.0M	$675.0M	$913.0M	$1.18B
Long-term investments	$1.33B	$896.0M	$1.29B	$1.85B	$1.25B	$386.0M	$165.0M
Other non-current assets	$683.0M	$291.0M	$306.0M	$237.0M	$132.0M	$4.0M	$5.0M
Total assets	$11.98B	$9.29B	$8.79B	$9.17B	$11.18B	$5.44B	$5.02B
Liabilities
Accounts payable	$260.0M	$208.0M	$185.0M	$189.0M	$167.0M	$109.0M	$99.0M
Short-term debt	$1.68B	$123.0M	$125.0M	$117.0M	$144.0M	$140.0M	$161.0M
Deferred revenue	$1.63B	$1.23B	$381.0M	$12.0M	$9.0M	$13.0M	—
Total current liabilities	$4.63B	$2.59B	$1.48B	$1.10B	$1.03B	$836.0M	$783.0M
Long-term debt	$188.0M	$116.0M	$544.0M	$1.25B	$1.93B	$91.0M	$163.0M
Lease obligations	$234.0M	$158.0M	$162.0M	$186.0M	$123.0M	$39.0M	$49.0M
Other long-term liabilities	$411.0M	$236.0M	$302.0M	$168.0M	$203.0M	$10.81B	$8.30B
Total liabilities	$5.23B	$2.94B	$2.32B	$2.51B	$3.16B	$11.74B	$9.25B
Shareholders' equity
Common stock & paid-in capital	$23.86B	$23.55B	$22.67B	$22.28B	$21.53B	$140.0M	$79.0M
Retained earnings (deficit)	−$17.47B	−$17.35B	−$16.76B	−$16.28B	−$14.40B	−$10.49B	−$7.98B
Accumulated other comprehensive income	$337.0M	$197.0M	$544.0M	$602.0M	$606.0M	$3.95B	$3.61B
Minority interest	$29.0M	−$48.0M	$19.0M	$54.0M	—	—	—
Total shareholders' equity	$6.73B	$6.40B	$6.45B	$6.60B	$8.02B	−$6.29B	−$4.29B
Key figures
Total debt	$2.05B	$364.0M	$793.0M	$1.36B	$2.17B	$251.0M	$8.60B
Net cash (debt)	$4.75B	$5.26B	$4.25B	$3.72B	$5.90B	$3.05B	−$5.81B
Working capital	$3.45B	$3.97B	$4.29B	$4.59B	$7.65B	$2.92B	$2.36B
Tangible book value	$5.67B	$5.42B	$5.53B	$5.70B	$7.34B	−$7.21B	−$5.47B
Book value per share	$1.60	$1.60	$1.66	$1.73	$2.14	−$2.01	−$1.09
Shares outstanding	4.21B	4.00B	3.89B	3.81B	3.74B	3.12B	3.95B
Current ratio	1.75	2.53	3.90	5.19	8.46	4.49	4.01
Quick ratio	1.69	2.42	3.74	5.01	8.15	4.20	3.66
Debt / equity	0.31	0.06	0.12	0.21	0.27	—	—
Equity / assets	56.1%	68.8%	73.4%	72.0%	71.7%	−115.7%	−85.4%

Grab Holdings Limited 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	$6.30B	$6.26B	$6.80B	$6.93B	$6.97B	$5.88B	$5.63B	$5.65B	$4.43B	$4.00B	$5.04B	$4.80B
Cash & equivalents	$2.86B	$2.95B	$3.43B	$3.28B	$3.70B	$2.83B	$2.96B	$2.88B	$2.26B	$2.11B	$3.14B	$3.02B
Short-term investments	$3.44B	$3.31B	$3.37B	$3.65B	$3.28B	$3.05B	$2.67B	$2.77B	$2.17B	$1.89B	$1.91B	$1.78B
Receivables	$1.79B	$1.05B	$1.00B	$812.0M	$796.0M	$709.0M	$649.0M	$656.0M	$518.0M	$495.0M	$486.0M	$388.0M
Inventory	$90.0M	$87.0M	$87.0M	$79.0M	$75.0M	$74.0M	$59.0M	$56.0M	$48.0M	$48.0M	$49.0M	$46.0M
Other current assets	$232.0M	$219.0M	$189.0M	$184.0M	$375.0M	$244.0M	$229.0M	$172.0M	$494.0M	$282.0M	$190.0M	$227.0M
Total current assets	$8.41B	$7.62B	$8.08B	$8.00B	$8.22B	$6.91B	$6.57B	$6.54B	$5.49B	$4.83B	$5.77B	$5.46B
Property, plant & equipment (net)	$895.0M	$850.0M	$831.0M	$712.0M	$659.0M	$605.0M	$567.0M	$524.0M	$483.0M	$485.0M	$512.0M	$475.0M
Goodwill & intangible assets	$1.57B	$1.05B	$1.06B	$1.04B	$1.04B	$1.02B	$975.0M	$943.0M	$914.0M	$912.0M	$916.0M	$917.0M
Long-term investments	$1.55B	$1.45B	$1.33B	$1.14B	$827.0M	$757.0M	$896.0M	$902.0M	$1.34B	$1.64B	$1.29B	$1.50B
Other non-current assets	$1.02B	$732.0M	$683.0M	$465.0M	$402.0M	$341.0M	$291.0M	$271.0M	$237.0M	$323.0M	$306.0M	$252.0M
Total assets	$13.45B	$11.70B	$11.98B	$11.36B	$11.14B	$9.64B	$9.29B	$9.18B	$8.47B	$8.19B	$8.79B	$8.60B
Liabilities
Accounts payable	$1.32B	$1.31B	$260.0M	$1.17B	$1.11B	$1.13B	$208.0M	$1.14B	$952.0M	$855.0M	$185.0M	$895.0M
Short-term debt	$1.62B	$1.56B	$1.68B	$1.82B	$1.63B	$132.0M	$123.0M	$100.0M	$86.0M	$92.0M	$125.0M	$121.0M
Deferred revenue	—	$1.63B	$1.63B	$1.31B	$1.54B	$1.43B	$1.23B	$1.09B	$730.0M	$479.0M	$381.0M	$362.0M
Total current liabilities	$5.52B	$4.56B	$4.63B	$4.38B	$4.36B	$2.78B	$2.59B	$2.42B	$1.83B	$1.48B	$1.48B	$1.44B
Long-term debt	$409.0M	$384.0M	$188.0M	$320.0M	$283.0M	$253.0M	$116.0M	$228.0M	$209.0M	$206.0M	$544.0M	$657.0M
Lease obligations	—	—	$234.0M	—	$181.0M	—	$158.0M	—	$149.0M	—	$162.0M	—
Other long-term liabilities	$311.0M	$220.0M	$411.0M	$141.0M	$138.0M	$136.0M	$236.0M	$93.0M	$84.0M	$178.0M	$302.0M	$177.0M
Total liabilities	$6.24B	$5.17B	$5.23B	$4.84B	$4.78B	$3.17B	$2.94B	$2.75B	$2.12B	$1.87B	$2.32B	$2.27B
Shareholders' equity
Common stock & paid-in capital	$24.06B	$24.05B	$23.86B	$23.84B	$23.79B	$23.76B	$23.55B	$23.31B	$22.93B	$22.87B	$22.67B	$22.62B
Retained earnings (deficit)	−$17.31B	−$17.34B	−$17.47B	−$17.64B	−$17.59B	−$17.34B	−$17.35B	−$17.22B	−$17.11B	−$17.01B	−$16.76B	−$16.79B
Accumulated other comprehensive income	$22.0M	−$197.0M	$337.0M	$272.0M	$168.0M	$64.0M	$197.0M	$262.0M	$441.0M	$413.0M	$544.0M	$454.0M
Minority interest	$437.0M	$17.0M	$29.0M	$43.0M	−$1.0M	—	—	—	—	—	—	—
Total shareholders' equity	$6.77B	$6.52B	$6.73B	$6.47B	$6.36B	$6.48B	$6.40B	$6.36B	$6.26B	$6.28B	$6.45B	$6.29B
Key figures
Total debt	$2.03B	$1.95B	$2.05B	$2.14B	$1.91B	$385.0M	$364.0M	$328.0M	$295.0M	$298.0M	$793.0M	$778.0M
Net cash (debt)	$4.27B	$4.31B	$4.75B	$4.79B	$5.06B	$5.50B	$5.26B	$5.33B	$4.13B	$3.71B	$4.25B	$4.02B
Working capital	$2.89B	$3.06B	$3.45B	$3.62B	$3.86B	$4.13B	$3.97B	$4.11B	$3.66B	$3.35B	$4.29B	$4.02B
Tangible book value	$5.19B	$5.47B	$5.67B	$5.43B	$5.32B	$5.45B	$5.42B	$5.42B	$5.35B	$5.36B	$5.53B	$5.37B
Book value per share	$1.62	$1.47	$1.52	$1.55	$1.50	$1.53	$1.52	$1.50	$1.58	$1.59	$1.65	$1.61
Shares outstanding	4.17B	4.44B	4.43B	4.19B	4.24B	4.24B	4.20B	4.25B	3.96B	3.94B	3.92B	3.91B
Current ratio	1.52	1.67	1.75	1.83	1.88	2.49	2.53	2.70	3.00	3.26	3.90	3.79
Quick ratio	1.46	1.60	1.69	1.77	1.78	2.37	2.42	2.60	2.70	3.03	3.74	3.60
Debt / equity	0.30	0.30	0.31	0.33	0.30	0.06	0.06	0.05	0.05	0.05	0.12	0.12
Equity / assets	50.3%	55.7%	56.1%	57.0%	57.1%	67.2%	68.8%	69.3%	74.0%	76.6%	73.4%	73.1%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 6, 2026); data from EODHD.

GRAB financial position

At the end of fiscal 2025 (December 31, 2025), Grab had total assets of $12.0 billion (up 28.9% from a year earlier), total liabilities of $5.2 billion and shareholders' equity of $6.7 billion. It held $6.8 billion in cash and short-term investments against $2.1 billion of debt, a net cash position of $4.8 billion. Its current ratio was 1.75. In the latest quarter (ended June 30, 2026) total assets were $13.4 billion and equity $6.8 billion.

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

GRAB balance sheet FAQ

What are Grab's total assets?

Grab reported total assets of $12.0 billion at the end of fiscal 2025 (December 31, 2025), compared with $9.3 billion a year earlier.

How much debt does Grab have?

Grab had $2.1 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.31.

How much cash does Grab have?

Grab held $6.8 billion in cash and short-term investments at the end of fiscal 2025; with $2.1 billion of debt that is net cash of $4.8 billion.

What is Grab's book value?

Grab's shareholders' equity (book value) was $6.7 billion at the end of fiscal 2025, or $1.60 per share.

What is Grab's current ratio?

Grab had current assets of $8.1 billion and current liabilities of $4.6 billion, a current ratio of 1.75 (it can cover its short-term obligations).

How much goodwill does Grab have?

Grab carried $1.1 billion of goodwill and intangible assets, 8.8% of total assets, at the end of fiscal 2025.