ING Groep N.V. (ING) Balance Sheet

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

ING balance sheet, 2025

December 31, 2025 · euros

€1.05T assets = €1.00T liabilities + €50.95B equity

What it owns€1.05TCash & ST investments: €106.31B (10.1%)€106.31BPP&E: €2.48B (0.2%)Goodwill & intangibles: €1.99B (0.2%)LT investments: €240.40B (22.8%)LT investments€240.40B · 23%Other non-current: €703.23B (66.7%)Other non-current€703.23B · 67%=How it is financed€1.05TCurrent liabilities: €819.08B (77.7%)Current liabilities€819.08B · 78%Long-term debt: €169.33B (16.1%)Long-term debt€169.33B · 16%Other LT liabilities: €15.04B (1.4%)Shareholders’ equity: €50.95B (4.8%)

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

ING financial health

Debt / equity3.41
High leverage · €3.41 of debt for each $1 of equity
Cash / debt62.8%
Partial cover · cash & short-term investments vs total debt
Goodwill & intangibles0.2%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

ING balance sheet trends, 2016–2025

MetricTrendThenLatestChange
Total assets€845.08B2016€1.05T2025+2.5%/yr
Total liabilities€794.68B2016€1.00T2025+2.6%/yr
Shareholders’ equity€50.40B2016€49.70B2025−0.2%/yr
Cash & short-term investments€34.49B2016€106.31B2025+13.3%/yr
Total debt€139.20B2016€169.33B2025+2.2%/yr
Net cash (debt)−€104.72B2016−€63.02B2025+€41.7B
Working capital€36.97B2016−€712.77B2025−€749.7B
Debt / equity2.7620163.412025+0.65
Shares outstanding3.88B20162.98B2025−2.9%/yr

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

ING assets

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

ING liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

ING debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

ING balance sheet in euros

2025202420232022202120202019201820172016
Assets
Cash & short-term investments€106.31B€114.74B€130.06B€118.60B€137.80B€147.07B€85.99B€82.07B€34.19B€34.49B
Cash & equivalents€52.89B€69.96B€89.89B€87.25B€108.01B€112.23B€53.20B€49.99B€21.99B€19.67B
Short-term investments€53.42B€44.78B€40.17B€30.98B€29.80B€34.84B€32.79B€28.84B€69.73B€14.82B
Receivables€0€984.0M€834.0M€1.27B€1.35B€1.18B€1.06B€1.04B€5.67B€6.87B
Inventory€0€0€89.38B−€145.78B−€159.30B−€163.72B−€142.57B−€165.53B−€154.70B−€150.32B
Other current assets€0€413.0M€0€145.78B€159.30B€163.72B€142.57B€165.53B€154.70B€150.32B
Total current assets€106.31B€116.13B€131.33B€119.86B€139.16B€148.25B€87.05B€83.11B€39.86B€41.36B
Property, plant & equipment (net)€2.48B€2.43B€2.40B€2.45B€2.52B€2.84B€3.17B€1.66B€1.80B€2.00B
Goodwill & intangible assets€1.99B€1.33B€1.20B€1.10B€1.16B€1.39B€1.92B€1.84B€1.47B€1.48B
Long-term investments€240.40B€231.85B€210.97B€190.51B€180.12B€142.82B€176.30B€195.15B€201.15B€212.41B
Other non-current assets€703.23B€668.79B€629.68B€653.89B€628.34B€642.08B€623.31B€605.28B€601.94B€587.83B
Total assets€1.05T€1.02T€975.58B€967.82B€951.29B€937.38B€891.74B€887.03B€846.22B€845.08B
Liabilities
Accounts payable——−€68.54B−€444.06B€5.08B€4.88B€4.74B€61.0M€3.61B€4.39B
Short-term debt——€68.53B€83.01B€51.09B€39.63B€117.83B€122.83B€59.33B€59.23B
Deferred revenue——€14.0M€640.80B€19.0M€15.0M€9.0M−€122.77B−€55.72B−€54.84B
Total current liabilities€819.08B€757.05B€734.25B€640.80B€401.10B€416.60B€476.21B€61.0M€3.61B€4.39B
Long-term debt€169.33B€105.41B€91.87B€111.70B€108.50B€97.87B€84.81B€78.17B€67.67B€79.97B
Lease obligations€1.05B€1.12B€1.16B€1.17B€1.22B€1.34B€1.51B€0€0€0
Other long-term liabilities€15.04B€106.78B€97.28B€167.33B€8.14B€0€51.01B€64.48B€45.14B€52.70B
Total liabilities€1.00T€969.24B€923.40B€917.41B€116.64B€79.55B€135.82B€835.30B€795.10B€794.68B
Shareholders' equity
Common stock & paid-in capital€49.70B€31.0M€35.0M€37.0M€39.0M€525.0M€17.12B€17.09B€17.05B€39.0M
Retained earnings (deficit)€35.63B€33.85B€36.85B€34.94B€37.32B€28.27B€35.85B€33.20B€31.52B€26.91B
Treasury stock————−€1.61B−€4.0M−€10.0M−€11.0M−€15.0M−€8.0M
Accumulated other comprehensive income—€77.0M−€771.0M−€985.0M€1.07B€2.33B€811.0M€656.0M€1.85B€5.91B
Minority interest€1.25B€995.0M€944.0M€504.0M——€0€0€0€0
Total shareholders' equity€49.70B€50.31B€51.24B€50.41B€834.65B€857.83B€755.92B€51.73B€51.12B€50.40B
Key figures
Total debt€169.33B€171.33B€150.00B€194.72B€159.59B€137.50B€202.65B€201.00B€127.00B€139.20B
Net cash (debt)−€63.02B−€56.59B−€19.94B−€76.12B−€21.79B€9.57B−€116.66B−€118.92B−€92.81B−€104.72B
Working capital−€712.77B−€640.92B−€602.92B−€520.94B−€261.94B−€268.35B−€389.16B€83.05B€36.25B€36.97B
Tangible book value€47.71B€48.98B€50.04B€49.31B€833.50B€856.43B€754.01B€49.89B€49.65B€48.91B
Shares outstanding2.98B3.17B3.57B3.62B3.89B3.90B3.90B3.89B3.89B3.88B
Current ratio0.130.150.180.190.350.360.181,362.4611.059.41
Quick ratio0.130.150.180.190.350.360.181,362.4611.059.41
Debt / equity3.413.412.933.860.190.160.273.892.482.76
Equity / assets4.7%4.9%5.3%5.2%87.7%91.5%84.8%5.8%6.0%6.0%

Quarterly columns are labeled by the month the quarter ended. Figures in euros as reported (latest annual report filed February 26, 2026); data from EODHD.

ING financial position

At the end of fiscal 2025 (December 31, 2025), ING Groep had total assets of €1.05 trillion (up 3.3% from a year earlier), total liabilities of €1.00 trillion and shareholders' equity of €49.7 billion. It held €106.3 billion in cash and short-term investments against €169.3 billion of debt, net debt of €63.0 billion. Its current ratio was 0.13. In the latest quarter (ended June 30, 2026) total assets were €1.16 trillion and equity €50.2 billion.

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

ING balance sheet FAQ

What are ING Groep's total assets?

ING Groep reported total assets of €1.05 trillion at the end of fiscal 2025 (December 31, 2025), compared with €1.02 trillion a year earlier.

How much debt does ING Groep have?

ING Groep had €169.3 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 3.41.

How much cash does ING Groep have?

ING Groep held €106.3 billion in cash and short-term investments at the end of fiscal 2025; with €169.3 billion of debt that is net debt of €63.0 billion.

What is ING Groep's book value?

ING Groep's shareholders' equity (book value) was €49.7 billion at the end of fiscal 2025.

What is ING Groep's current ratio?

ING Groep had current assets of €106.3 billion and current liabilities of €819.1 billion, a current ratio of 0.13 (current liabilities exceed current assets).

How much goodwill does ING Groep have?

ING Groep carried €2.0 billion of goodwill and intangible assets, 0.2% of total assets, at the end of fiscal 2025.

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