Ingredion Incorporated (INGR) Balance Sheet

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

INGR balance sheet, 2025

December 31, 2025 · U.S. dollars

$7.90B assets = $3.53B liabilities + $4.37B equity

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

INGR financial health

Current ratio2.66

Comfortable · current assets cover current liabilities 2.66×

Debt / equity0.41

Low leverage · $0.41 of debt for each $1 of equity

Equity / assets54.9%

Equity-funded · of assets funded by shareholders

Cash / debt57.7%

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

Goodwill & intangibles27.7%

Acquisition-heavy · of total assets

Descriptive bands, not a rating. Fiscal 2025.

INGR balance sheet trends, 2016–2025

Ingredion Incorporated balance sheet trends
Metric	Then	Latest	Change
Total assets	$5.78B2016	$7.90B2025	+3.5%/yr
Total liabilities	$3.19B2016	$3.53B2025	+1.1%/yr
Shareholders’ equity	$2.56B2016	$4.34B2025	+6.0%/yr
Cash & short-term investments	$516.0M2016	$1.03B2025	+8.0%/yr
Total debt	$1.95B2016	$1.79B2025	−1.0%/yr
Net cash (debt)	−$1.44B2016	−$757.0M2025	+$680.0M
Working capital	$1.27B2016	$2.19B2025	+$915.0M
Book value per share	$34.622016	$66.532025	+7.5%/yr
Current ratio	2.302016	2.662025	+0.36
Debt / equity	0.762016	0.412025	−0.35
Shares outstanding	74.1M2016	65.2M2025	−1.4%/yr

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

INGR assets

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

INGR liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

INGR debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

INGR balance sheet

Ingredion Incorporated annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	$1.03B	$1.01B	$409.0M	$239.0M	$332.0M	$665.0M	$268.0M	$334.0M	$604.0M	$516.0M
Cash & equivalents	$1.03B	$997.0M	$401.0M	$236.0M	$328.0M	$665.0M	$264.0M	$327.0M	$595.0M	$512.0M
Short-term investments	$3.0M	$11.0M	$8.0M	$3.0M	$4.0M	$0	$4.0M	$7.0M	$9.0M	$4.0M
Receivables	$1.02B	$1.09B	$1.28B	$1.41B	$1.13B	$1.01B	$977.0M	$951.0M	$961.0M	$923.0M
Inventory	$1.23B	$1.19B	$1.45B	$1.60B	$1.17B	$917.0M	$861.0M	$824.0M	$823.0M	$789.0M
Other current assets	$224.0M	$67.0M	$261.0M	$62.0M	$63.0M	$54.0M	$54.0M	$29.0M	$27.0M	$24.0M
Total current assets	$3.50B	$3.35B	$3.40B	$3.31B	$2.70B	$2.65B	$2.16B	$2.14B	$2.42B	$2.25B
Property, plant & equipment (net)	$2.53B	$2.26B	$2.37B	$2.41B	$2.42B	$2.46B	$2.46B	$2.20B	$2.22B	$2.12B
Goodwill & intangible assets	$2.19B	$1.26B	$1.30B	$1.30B	$1.35B	$1.35B	$1.24B	$1.25B	$1.30B	$1.29B
Long-term investments	$0	$0	$0	$0	$0	$0	$1.0M	$2.0M	$3.0M	$5.0M
Other non-current assets	$0	$561.0M	$570.0M	$544.0M	$531.0M	$410.0M	$184.0M	$139.0M	$149.0M	$123.0M
Total assets	$7.90B	$7.44B	$7.64B	$7.56B	$7.00B	$6.86B	$6.04B	$5.73B	$6.08B	$5.78B
Liabilities
Accounts payable	$1.27B	$604.0M	$778.0M	$873.0M	$774.0M	$599.0M	$504.0M	$452.0M	$493.0M	$440.0M
Short-term debt	$48.0M	$103.0M	$504.0M	$591.0M	$355.0M	$484.0M	$123.0M	$169.0M	$120.0M	$106.0M
Deferred revenue	—	—	—	—	—	$23.0M	—	—	—	—
Total current liabilities	$1.32B	$1.28B	$1.77B	$1.88B	$1.51B	$1.46B	$967.0M	$946.0M	$957.0M	$978.0M
Long-term debt	$1.74B	$1.79B	$1.74B	$1.94B	$1.74B	$1.75B	$1.77B	$1.93B	$1.74B	$1.85B
Lease obligations	$181.0M	$204.0M	$213.0M	$194.0M	$201.0M	$136.0M	$161.0M	—	—	—
Other long-term liabilities	$473.0M	$486.0M	$480.0M	$477.0M	$524.0M	$580.0M	$535.0M	$443.0M	$462.0M	$359.0M
Total liabilities	$3.53B	$3.55B	$3.99B	$4.30B	$3.77B	$3.79B	$3.27B	$3.32B	$3.16B	$3.19B
Shareholders' equity
Common stock & paid-in capital	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.14B	$1.15B
Retained earnings (deficit)	$5.61B	$5.09B	$4.65B	$4.21B	$3.90B	$3.96B	$3.78B	$3.54B	$3.26B	$2.90B
Treasury stock	—	—	—	—	—	—	−$1.04B	−$1.09B	−$494.0M	−$413.0M
Accumulated other comprehensive income	−$937.0M	−$1.09B	−$1.06B	−$1.05B	−$897.0M	−$1.13B	−$1.16B	−$1.15B	−$1.01B	−$1.07B
Minority interest	$28.0M	$26.0M	$57.0M	$16.0M	$18.0M	$21.0M	$21.0M	$20.0M	$26.0M	$30.0M
Total shareholders' equity	$4.34B	$3.86B	$3.59B	$3.19B	$3.14B	$2.98B	$2.75B	$2.39B	$2.89B	$2.56B
Key figures
Total debt	$1.79B	$2.04B	$2.40B	$2.68B	$2.25B	$2.37B	$2.01B	$2.10B	$1.86B	$1.95B
Net cash (debt)	−$757.0M	−$1.03B	−$1.99B	−$2.44B	−$1.92B	−$1.70B	−$1.74B	−$1.77B	−$1.26B	−$1.44B
Working capital	$2.19B	$2.07B	$1.63B	$1.43B	$1.19B	$1.19B	$1.19B	$1.19B	$1.46B	$1.27B
Tangible book value	$2.15B	$2.60B	$2.29B	$1.89B	$1.79B	$1.64B	$1.51B	$1.14B	$1.59B	$1.28B
Book value per share	$66.53	$58.02	$53.63	$47.69	$46.25	$44.10	$40.82	$33.26	$39.33	$34.62
Shares outstanding	65.2M	66.6M	67.0M	67.0M	67.8M	67.6M	67.4M	71.8M	73.5M	74.1M
Current ratio	2.66	2.62	1.92	1.76	1.78	1.82	2.23	2.26	2.52	2.30
Quick ratio	1.56	1.64	0.95	0.88	0.97	1.15	1.29	1.36	1.64	1.47
Debt / equity	0.41	0.53	0.67	0.84	0.72	0.79	0.73	0.88	0.64	0.76
Equity / assets	54.9%	51.9%	47.0%	42.3%	44.8%	43.5%	45.5%	41.7%	47.5%	44.4%

Ingredion Incorporated 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	$952.0M	$918.0M	$1.03B	$921.0M	$868.0M	$846.0M	$1.01B	$884.0M	$510.0M	$445.0M	$409.0M	$341.0M
Cash & equivalents	$948.0M	$914.0M	$1.03B	$915.0M	$861.0M	$837.0M	$997.0M	$877.0M	$505.0M	$438.0M	$401.0M	$335.0M
Short-term investments	$4.0M	$4.0M	$3.0M	$6.0M	$7.0M	$9.0M	$11.0M	$7.0M	$5.0M	$7.0M	$8.0M	$6.0M
Receivables	$1.39B	$1.36B	$1.19B	$1.31B	$1.36B	$1.28B	$1.09B	$1.17B	$1.29B	$1.28B	$1.28B	$1.38B
Inventory	$1.11B	$1.18B	$1.23B	$1.23B	$1.22B	$1.17B	$1.19B	$1.23B	$1.24B	$1.34B	$1.45B	$1.50B
Other current assets	$76.0M	$66.0M	$60.0M	$58.0M	$67.0M	$63.0M	$67.0M	$60.0M	$59.0M	$52.0M	$261.0M	$66.0M
Total current assets	$3.52B	$3.52B	$3.50B	$3.52B	$3.52B	$3.37B	$3.35B	$3.35B	$3.10B	$3.12B	$3.40B	$3.29B
Property, plant & equipment (net)	$2.52B	$2.56B	$2.53B	$2.44B	$2.36B	$2.29B	$2.26B	$2.33B	$2.29B	$2.33B	$2.37B	$2.40B
Goodwill & intangible assets	$1.25B	$2.18B	$2.19B	$1.27B	$1.28B	$1.26B	$1.26B	$1.29B	$1.27B	$1.29B	$1.30B	$1.30B
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$772.0M	$0	$0	$609.0M	$623.0M	$550.0M	$561.0M	$547.0M	$556.0M	$574.0M	$570.0M	$563.0M
Total assets	$8.07B	$7.93B	$7.90B	$7.83B	$7.78B	$7.47B	$7.44B	$7.53B	$7.22B	$7.32B	$7.64B	$7.55B
Liabilities
Accounts payable	$1.22B	$613.0M	$1.27B	$1.22B	$666.0M	$634.0M	$604.0M	$604.0M	$606.0M	$659.0M	$778.0M	$1.13B
Short-term debt	$41.0M	$83.0M	$48.0M	$57.0M	$46.0M	$42.0M	$103.0M	$99.0M	$109.0M	$141.0M	$504.0M	$466.0M
Deferred revenue	—	—	—	—	—	—	—	−$1.16B	−$1.12B	−$659.0M	—	−$1.13B
Total current liabilities	$1.26B	$1.28B	$1.32B	$1.28B	$1.26B	$1.18B	$1.28B	$1.25B	$1.23B	$1.28B	$1.77B	$1.67B
Long-term debt	$1.74B	$1.74B	$1.74B	$1.74B	$1.74B	$1.74B	$1.79B	$1.74B	$1.74B	$1.74B	$1.74B	$1.94B
Lease obligations	—	—	$181.0M	—	—	—	$204.0M	—	—	—	$213.0M	—
Other long-term liabilities	$496.0M	$463.0M	$473.0M	$490.0M	$500.0M	$496.0M	$486.0M	$499.0M	$471.0M	$471.0M	$480.0M	$474.0M
Total liabilities	$3.54B	$3.48B	$3.53B	$3.51B	$3.50B	$3.42B	$3.55B	$3.50B	$3.44B	$3.49B	$3.99B	$4.08B
Shareholders' equity
Common stock & paid-in capital	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M
Retained earnings (deficit)	$5.76B	$5.70B	$5.61B	$5.50B	$5.38B	$5.24B	$5.09B	$5.05B	$4.91B	$4.82B	$4.65B	$4.58B
Accumulated other comprehensive income	−$848.0M	−$927.0M	−$937.0M	−$950.0M	−$953.0M	−$1.02B	−$1.09B	−$1.00B	−$1.12B	−$1.06B	−$1.06B	−$1.14B
Minority interest	$0	$22.0M	$28.0M	$28.0M	$28.0M	—	—	—	—	—	—	—
Total shareholders' equity	$4.52B	$4.42B	$4.34B	$4.30B	$4.25B	$4.02B	$3.86B	$4.00B	$3.75B	$3.77B	$3.59B	$3.41B
Key figures
Total debt	$1.78B	$1.82B	$1.79B	$1.80B	$1.79B	$1.78B	$2.04B	$1.84B	$1.85B	$1.88B	$2.40B	$2.41B
Net cash (debt)	−$831.0M	−$907.0M	−$757.0M	−$877.0M	−$919.0M	−$938.0M	−$1.03B	−$956.0M	−$1.34B	−$1.44B	−$1.99B	−$2.06B
Working capital	$2.26B	$2.25B	$2.19B	$2.24B	$2.25B	$2.18B	$2.07B	$2.10B	$1.87B	$1.84B	$1.63B	$1.62B
Tangible book value	$3.27B	$2.25B	$2.15B	$3.02B	$2.97B	$2.75B	$2.60B	$2.71B	$2.48B	$2.48B	$2.29B	$2.12B
Book value per share	$70.80	$68.70	$67.47	$65.69	$64.76	$61.27	$58.11	$60.21	$56.21	$56.39	$54.11	$50.94
Shares outstanding	63.9M	64.4M	64.4M	65.4M	65.6M	65.6M	66.5M	66.5M	66.8M	66.8M	66.4M	67.0M
Current ratio	2.80	2.76	2.66	2.75	2.78	2.85	2.62	2.67	2.52	2.44	1.92	1.97
Quick ratio	1.86	1.78	1.69	1.75	1.76	1.80	1.64	1.64	1.46	1.35	0.95	1.03
Debt / equity	0.39	0.41	0.41	0.42	0.42	0.44	0.53	0.46	0.49	0.50	0.67	0.70
Equity / assets	56.1%	55.8%	55.0%	54.8%	54.6%	53.8%	51.9%	53.2%	52.0%	51.5%	47.0%	45.2%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 17, 2026); data from EODHD.

INGR financial position

At the end of fiscal 2025 (December 31, 2025), Ingredion had total assets of $7.9 billion (up 6.1% from a year earlier), total liabilities of $3.5 billion and shareholders' equity of $4.3 billion. It held $1.0 billion in cash and short-term investments against $1.8 billion of debt, net debt of $757.0 million. Its current ratio was 2.66. In the latest quarter (ended June 30, 2026) total assets were $8.1 billion and equity $4.5 billion.

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

INGR balance sheet FAQ

What are Ingredion's total assets?

Ingredion reported total assets of $7.9 billion at the end of fiscal 2025 (December 31, 2025), compared with $7.4 billion a year earlier.

How much debt does Ingredion have?

Ingredion 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 0.41.

How much cash does Ingredion have?

Ingredion held $1.0 billion in cash and short-term investments at the end of fiscal 2025; with $1.8 billion of debt that is net debt of $757.0 million.

What is Ingredion's book value?

Ingredion's shareholders' equity (book value) was $4.3 billion at the end of fiscal 2025, or $66.53 per share.

What is Ingredion's current ratio?

Ingredion had current assets of $3.5 billion and current liabilities of $1.3 billion, a current ratio of 2.66 (it can cover its short-term obligations).

How much goodwill does Ingredion have?

Ingredion carried $2.2 billion of goodwill and intangible assets, 27.7% of total assets, at the end of fiscal 2025.