Honda Motor Co., Ltd. (HMC) Balance Sheet

NYSE: HMCAssets, liabilities, debt and equity over 10 years.

HMC balance sheet, FY2026

March 31, 2026 · Japanese yen

¥33.65T assets = ¥21.45T liabilities + ¥12.20T equity

What it owns¥33.65TCash & ST investments: ¥5.09T (15.1%)Cash & ST investments¥5.09T · 15%Receivables: ¥4.35T (12.9%)Receivables¥4.35T · 13%Inventory: ¥2.54T (7.6%)Inventory ¥2.54TOther current: ¥1.15T (3.4%)PP&E: ¥9.67T (28.7%)PP&E¥9.67T · 29%Goodwill & intangibles: ¥1.57T (4.7%)LT investments: ¥2.34T (7.0%)LT investments ¥2.34TOther non-current: ¥6.94T (20.6%)Other non-current¥6.94T · 21%=How it is financed¥33.65TCurrent liabilities: ¥10.25T (30.5%)Current liabilities¥10.25T · 30%Other LT liabilities: ¥11.21T (33.3%)Other LT liabilities¥11.21T · 33%Shareholders’ equity: ¥12.20T (36.3%)Shareholders’ equity¥12.20T · 36%

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

HMC financial health

Current ratio1.28
Adequate · current assets cover current liabilities 1.28×
Debt / equity1.14
Moderate leverage · ¥1.14 of debt for each $1 of equity
Equity / assets35.3%
Balanced · of assets funded by shareholders
Cash / debt37.6%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles4.7%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal FY2026.

HMC balance sheet trends, FY2017–FY2026

MetricTrendThenLatestChange
Total assets¥18.96TFY2017¥33.65TFY2026+6.6%/yr
Total liabilities¥11.39TFY2017¥21.45TFY2026+7.3%/yr
Shareholders’ equity¥7.57TFY2017¥11.87TFY2026+5.1%/yr
Cash & short-term investments¥2.26TFY2017¥5.09TFY2026+9.5%/yr
Total debt¥6.86TFY2017¥13.54TFY2026+7.9%/yr
Net cash (debt)−¥4.60TFY2017−¥8.45TFY2026−¥3.8T
Working capital¥1.13TFY2017¥2.88TFY2026+¥1.8T
Current ratio1.21FY20171.28FY2026+0.07
Debt / equity0.91FY20171.14FY2026+0.23
Shares outstanding1.80BFY20171.33BFY2026−3.3%/yr

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

HMC assets

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

HMC liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

HMC debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

HMC balance sheet in Japanese yen

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Assets
Cash & short-term investments¥5.09T¥4.74T¥5.18T¥4.07T¥3.89T¥3.05T¥2.86T¥2.66T¥2.47T¥2.26T
Cash & equivalents¥5.09T¥4.53T¥4.95T¥3.80T¥3.67T¥2.76T¥2.67T¥2.49T¥2.26T¥2.11T
Short-term investments¥296.97B¥208.48B¥229.58B¥263.89B¥217.74B¥295.31B¥190.05B¥163.27B¥213.18B¥149.43B
Receivables¥4.35T¥3.92T¥3.80T¥2.96T¥2.59T¥801.81B¥2.51T¥2.74T¥2.64T¥2.64T
Inventory¥2.54T¥2.47T¥2.44T¥2.17T¥1.92T¥1.55T¥1.56T¥1.59T¥1.52T¥1.36T
Other current assets¥1.15T¥563.25B¥446.76B¥384.49B¥439.32B¥2.18T¥365.77B¥358.23B¥291.01B¥292.97B
Total current assets¥13.13T¥11.69T¥11.87T¥9.58T¥8.84T¥7.58T¥7.30T¥7.35T¥6.93T¥6.56T
Property, plant & equipment (net)¥9.67T¥8.96T¥8.44T¥7.89T¥8.24T¥3.02T¥7.68T¥7.43T¥7.15T¥7.31T
Goodwill & intangible assets¥1.57T¥1.13T¥999.69B¥870.90B¥849.51B¥818.76B¥760.43B¥744.37B¥741.51B¥778.19B
Long-term investments¥2.34T¥2.12T¥2.18T¥1.77T¥1.79T¥1.52T¥1.10T¥1.13T¥1.12T¥961.87B
Other non-current assets¥6.94T¥6.89T¥6.29T¥4.56T¥4.26T¥8.98T¥3.63T¥3.77T¥3.42T¥3.36T
Total assets¥33.65T¥30.78T¥29.77T¥24.67T¥23.97T¥21.92T¥20.46T¥20.42T¥19.35T¥18.96T
Liabilities
Accounts payable¥1.79T¥1.66T¥1.61T¥1.43T¥1.24T¥1.09T¥958.47B¥1.18T¥1.22T¥1.18T
Short-term debt¥5.03T¥4.42T¥4.03T¥3.25T¥3.07T¥1.77T¥3.25T¥3.19T¥2.92T¥2.79T
Deferred revenue——¥157.41B¥822.49B¥740.11B¥825.05B¥780.65B¥49.73B¥764.31B¥811.34B
Total current liabilities¥10.25T¥8.62T¥8.32T¥6.65T¥6.00T¥5.72T¥5.79T¥5.98T¥5.62T¥5.43T
Long-term debt¥0¥6.95T¥6.06T¥4.37T¥4.98T¥4.72T¥4.52T¥4.21T¥3.94T¥4.07T
Lease obligations———————¥0¥0¥0
Other long-term liabilities¥11.21T¥2.58T¥2.39T¥2.14T¥2.21T¥2.12T¥1.86T¥1.67T¥1.55T¥1.89T
Total liabilities¥21.45T¥18.15T¥16.77T¥13.17T¥13.20T¥12.55T¥12.18T¥11.85T¥11.12T¥11.39T
Shareholders' equity
Common stock & paid-in capital¥86.44B¥86.07B¥86.07B¥86.07B¥86.07B¥86.07B¥86.07B¥86.07B¥86.07B¥86.07B
Retained earnings (deficit)¥9.42T¥11.12T¥10.64T¥9.98T¥9.54T¥8.90T¥8.14T¥7.97T¥7.61T¥6.71T
Treasury stock—————−¥273.79B−¥273.94B−¥177.83B−¥113.27B−¥26.19B
Accumulated other comprehensive income¥3.06T¥2.19T¥2.31T¥1.42T¥990.44B¥196.71B−¥114.64B¥214.38B¥178.29B¥351.41B
Minority interest¥330.56B¥301.29B¥308.88B¥318.04B———¥0¥0¥0
Total shareholders' equity¥11.87T¥12.33T¥12.70T¥11.18T¥10.47T¥9.08T¥8.29T¥8.57T¥8.23T¥7.57T
Key figures
Total debt¥13.54T¥4.42T¥10.08T¥7.62T¥8.05T¥6.74T¥7.77T¥7.39T¥6.86T¥6.86T
Net cash (debt)−¥8.45T¥315.04B−¥4.90T−¥3.56T−¥4.16T−¥3.69T−¥4.91T−¥4.74T−¥4.39T−¥4.60T
Working capital¥2.88T¥3.07T¥3.55T¥2.93T¥2.84T¥1.86T¥1.51T¥1.37T¥1.30T¥1.13T
Tangible book value¥10.30T¥11.20T¥11.70T¥10.31T¥9.62T¥8.26T¥7.53T¥7.82T¥7.49T¥6.79T
Shares outstanding1.33B1.56B1.63B1.70B1.72B1.73B5.26B1.76B1.79B1.80B
Current ratio1.281.361.431.441.471.331.261.231.231.21
Quick ratio0.921.001.081.061.080.670.930.900.910.90
Debt / equity1.140.360.790.680.770.740.940.860.830.91
Equity / assets35.3%40.1%42.6%45.3%43.7%41.4%40.5%41.9%42.6%39.9%

Quarterly columns are labeled by the month the quarter ended. Figures in Japanese yen as reported (latest annual report filed June 18, 2026); data from EODHD.

HMC financial position

At the end of fiscal 2026 (March 31, 2026), Honda Motor had total assets of ¥33.65 trillion (up 9.4% from a year earlier), total liabilities of ¥21.45 trillion and shareholders' equity of ¥11.87 trillion. It held ¥5.09 trillion in cash and short-term investments against ¥13.54 trillion of debt, net debt of ¥8.45 trillion. Its current ratio was 1.28. In the latest quarter (ended June 30, 2026) total assets were ¥33.51 trillion and equity ¥11.82 trillion.

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

HMC balance sheet FAQ

What are Honda Motor's total assets?

Honda Motor reported total assets of ¥33.65 trillion at the end of fiscal 2026 (March 31, 2026), compared with ¥30.78 trillion a year earlier.

How much debt does Honda Motor have?

Honda Motor had ¥13.54 trillion of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was 1.14.

How much cash does Honda Motor have?

Honda Motor held ¥5.09 trillion in cash and short-term investments at the end of fiscal 2026; with ¥13.54 trillion of debt that is net debt of ¥8.45 trillion.

What is Honda Motor's book value?

Honda Motor's shareholders' equity (book value) was ¥11.87 trillion at the end of fiscal 2026.

What is Honda Motor's current ratio?

Honda Motor had current assets of ¥13.13 trillion and current liabilities of ¥10.25 trillion, a current ratio of 1.28 (it can cover its short-term obligations).

How much goodwill does Honda Motor have?

Honda Motor carried ¥1.57 trillion of goodwill and intangible assets, 4.7% of total assets, at the end of fiscal 2026.

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