Liberty Global plc (LBTYB) Balance Sheet
LBTYB balance sheet, 2025
December 31, 2025 · U.S. dollars$22.60B assets = $12.65B liabilities + $9.95B equity
Both columns are drawn to the same scale: what LBTYB owns equals what it owes plus shareholders’ equity. Hover a block for its value.
LBTYB financial health
Descriptive bands, not a rating. Fiscal 2025.
LBTYB balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $54.52B2016 | $22.60B2025 | −9.3%/yr | |
| Total liabilities | $45.52B2016 | $12.65B2025 | −13.3%/yr | |
| Shareholders’ equity | $9.00B2016 | $9.74B2025 | +0.9%/yr | |
| Cash & short-term investments | $1.08B2016 | $2.16B2025 | +8.0%/yr | |
| Total debt | $43.41B2016 | $10.16B2025 | −14.9%/yr | |
| Net cash (debt) | −$42.33B2016 | −$8.01B2025 | +$34.3B | |
| Working capital | −$2.83B2016 | $237.3M2025 | +$3.1B | |
| Current ratio | 0.662016 | 1.082025 | +0.41 | |
| Debt / equity | 4.822016 | 1.042025 | −3.78 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LBTYB assets
LBTYB liabilities and equity
LBTYB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
LBTYB balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $2.16B | $2.15B | $3.40B | $4.35B | $3.18B | $2.93B | $8.41B | $1.85B | $2.15B | $1.08B |
| Cash & equivalents | $2.08B | $1.82B | $1.41B | $1.73B | $910.6M | $1.33B | $8.14B | $1.48B | $1.67B | $1.08B |
| Short-term investments | $76.2M | $335.6M | $1.99B | $2.62B | $2.27B | $1.60B | $270.8M | $372.7M | $477.0M | $405.5M |
| Receivables | $638.4M | $505.8M | $447.1M | $902.6M | $969.8M | $1.11B | $1.42B | $1.37B | $1.44B | $3.72B |
| Inventory | $0 | $0 | −$515.6M | $382.7M | $925.0M | −$148.8M | $331.1M | $922.1M | $755.3M | $528.3M |
| Other current assets | $600.4M | $642.6M | $2.31B | $664.3M | $865.5M | $1.92B | $404.9M | $0 | $0 | $237.6M |
| Total current assets | $3.40B | $3.30B | $5.64B | $6.30B | $5.94B | $5.80B | $10.57B | $4.14B | $4.33B | $5.56B |
| Property, plant & equipment (net) | $5.27B | $5.04B | $5.07B | $8.23B | $8.31B | $9.07B | $14.36B | $13.88B | $14.15B | $17.25B |
| Goodwill & intangible assets | $4.85B | $4.44B | $3.98B | $11.66B | $11.87B | $12.85B | $14.62B | $14.75B | $15.96B | $19.49B |
| Long-term investments | $7.69B | $11.69B | $13.40B | $14.86B | $19.70B | $5.35B | $4.78B | $5.12B | $6.67B | $6.48B |
| Other non-current assets | $1.39B | $971.9M | $14.00B | $1.85B | $1.10B | $26.02B | $4.71B | $15.26B | $16.48B | $5.73B |
| Total assets | $22.60B | $25.44B | $42.09B | $42.90B | $46.92B | $59.09B | $49.05B | $53.15B | $57.60B | $54.52B |
| Liabilities | ||||||||||
| Accounts payable | $478.7M | $371.2M | $407.5M | $610.1M | $613.4M | $579.1M | $963.9M | $874.3M | $926.0M | $954.5M |
| Short-term debt | $852.8M | $974.1M | $661.7M | $944.9M | $989.0M | $1.27B | $4.27B | $3.94B | $3.88B | $2.62B |
| Deferred revenue | $291.9M | $285.3M | $249.2M | $264.4M | $274.7M | $426.9M | $834.9M | $847.1M | $1.10B | $1.06B |
| Total current liabilities | $3.16B | $3.13B | $4.33B | $3.92B | $4.08B | $4.51B | $8.65B | $10.31B | $9.97B | $8.40B |
| Long-term debt | $7.83B | $8.20B | $14.96B | $12.96B | $13.97B | $13.87B | $24.31B | $26.19B | $38.05B | $40.78B |
| Lease obligations | $739.7M | $677.5M | $1.65B | $1.65B | $1.23B | $1.26B | — | $0 | $0 | $0 |
| Other long-term liabilities | $1.66B | $1.56B | $3.79B | $3.44B | $3.26B | $27.42B | $2.89B | $12.51B | $3.19B | $0 |
| Total liabilities | $12.65B | $12.90B | $23.08B | $20.32B | $21.32B | $45.79B | $35.85B | $49.01B | $51.20B | $45.52B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $3.3M | $3.4M | $3.8M | $4.6M | $5.3M | $5.8M | $6.3M | $7.4M | $8.1M | $10.6M |
| Retained earnings (deficit) | $5.10B | $12.24B | $15.57B | $19.62B | $18.14B | $4.69B | $6.35B | −$5.17B | −$6.22B | −$3.45B |
| Treasury stock | — | — | — | — | −$100,000 | −$100,000 | −$100,000 | −$100,000 | −$100,000 | $0 |
| Accumulated other comprehensive income | $3.92B | −$657.0M | $2.17B | $513.4M | $3.89B | $3.69B | $1.11B | $631.8M | $1.66B | −$372.0M |
| Minority interest | $210.1M | $178.4M | −$55.2M | $137.0M | −$336.9M | −$364.2M | — | −$533.1M | −$412.0M | $970.7M |
| Total shareholders' equity | $9.74B | $12.37B | $19.06B | $22.44B | $25.93B | $13.66B | $13.61B | $4.68B | $6.80B | $9.00B |
| Key figures | ||||||||||
| Total debt | $10.16B | $9.85B | $10.23B | $15.55B | $16.19B | $16.38B | $30.31B | $31.17B | $34.41B | $43.41B |
| Net cash (debt) | −$8.01B | −$7.70B | −$6.83B | −$11.21B | −$13.01B | −$13.46B | −$21.90B | −$29.32B | −$32.26B | −$42.33B |
| Working capital | $237.3M | $166.4M | $1.31B | $2.38B | $1.86B | $1.29B | $1.92B | −$6.16B | −$5.63B | −$2.83B |
| Tangible book value | $4.88B | $7.92B | $15.08B | $10.78B | $14.07B | $817.0M | −$1.02B | −$10.07B | −$9.16B | −$10.49B |
| Current ratio | 1.08 | 1.05 | 1.30 | 1.61 | 1.45 | 1.29 | 1.22 | 0.40 | 0.43 | 0.66 |
| Quick ratio | 0.89 | 0.85 | 0.89 | 1.34 | 1.02 | 0.89 | 1.14 | 0.31 | 0.36 | 0.57 |
| Debt / equity | 1.04 | 0.80 | 0.54 | 0.69 | 0.62 | 1.20 | 2.23 | 6.66 | 5.06 | 4.82 |
| Equity / assets | 43.1% | 48.6% | 45.3% | 52.3% | 55.3% | 23.1% | 27.7% | 8.8% | 11.8% | 16.5% |
| 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 | $2.42B | $1.87B | $1.87B | $1.67B | $3.14B | $1.98B | $2.15B | $3.26B | $3.22B | $2.79B | $3.40B | $3.30B |
| Cash & equivalents | $2.42B | $1.83B | $1.83B | $1.67B | $1.82B | $1.98B | $1.82B | $2.36B | $2.01B | $1.14B | $1.41B | $1.74B |
| Short-term investments | $0 | $46.3M | $46.3M | $0 | $1.33B | $0 | $335.6M | $906.3M | $1.20B | $1.65B | $1.99B | $1.56B |
| Receivables | $521.2M | $646.8M | $646.8M | $518.3M | $570.3M | $571.7M | $449.8M | $931.4M | $933.8M | $896.2M | $447.1M | $896.3M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$584.7M | $525.5M | −$515.6M | $556.8M |
| Other current assets | $558.2M | $592.2M | $592.2M | $585.7M | $714.0M | $562.2M | $698.6M | $1.00B | $1.82B | $655.3M | $2.31B | $676.3M |
| Total current assets | $3.50B | $3.11B | $3.11B | $2.78B | $4.43B | $3.12B | $3.30B | $5.20B | $5.39B | $4.87B | $5.64B | $5.43B |
| Property, plant & equipment (net) | $5.42B | $6.09B | $6.09B | $5.17B | $5.09B | $5.32B | $4.33B | $9.82B | $9.30B | $9.27B | $5.07B | $8.66B |
| Goodwill & intangible assets | $4.68B | $4.75B | $4.75B | $5.02B | $5.02B | $4.64B | $4.44B | $12.10B | $11.57B | $11.74B | $3.98B | $11.79B |
| Long-term investments | $6.70B | $7.46B | $7.69B | $11.05B | $11.23B | $12.00B | $11.69B | $13.62B | $13.26B | $13.46B | $13.40B | $15.12B |
| Other non-current assets | $1.23B | $463.5M | $236.8M | $1.39B | $1.40B | $895.2M | $1.68B | $1.03B | $1.32B | $1.22B | $14.00B | $1.71B |
| Total assets | $21.53B | $21.88B | $21.88B | $25.39B | $27.17B | $25.97B | $25.44B | $41.77B | $40.84B | $40.56B | $42.09B | $42.70B |
| Liabilities | ||||||||||||
| Accounts payable | $443.0M | $441.7M | $441.7M | $404.2M | $454.5M | $361.1M | $371.2M | $560.6M | $514.9M | $537.3M | $407.5M | $585.8M |
| Short-term debt | $620.4M | $794.4M | $794.4M | $678.5M | $1.99B | $1.27B | $898.5M | $1.61B | $1.30B | $1.14B | $661.7M | $782.9M |
| Deferred revenue | $247.4M | $255.9M | $255.9M | $285.4M | $253.6M | $276.1M | $285.3M | $267.4M | $292.5M | $293.8M | $249.2M | $271.9M |
| Total current liabilities | $2.74B | $2.81B | $2.81B | $2.91B | $4.34B | $3.29B | $3.13B | $4.35B | $4.03B | $3.80B | $4.33B | $3.73B |
| Long-term debt | $7.73B | $7.73B | $7.83B | $7.82B | $7.80B | $8.25B | $8.20B | $14.89B | $14.74B | $14.78B | $14.96B | $14.56B |
| Lease obligations | $723.8M | $727.8M | $739.7M | $733.4M | $740.3M | $694.7M | $677.5M | $2.00B | $1.89B | $1.88B | $1.65B | $1.55B |
| Other long-term liabilities | $1.60B | $1.61B | $1.50B | $1.71B | $1.81B | $1.60B | $1.56B | $3.87B | $3.75B | $3.58B | $3.79B | $3.56B |
| Total liabilities | $12.07B | $12.14B | $12.14B | $12.43B | $13.96B | $13.13B | $12.90B | $23.11B | $22.52B | $22.17B | $23.08B | $21.85B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $3.3M | $3.3M | $3.3M | $3.3M | $3.3M | $3.4M | $3.4M | $3.6M | $3.7M | $3.7M | $3.8M | $4.1M |
| Retained earnings (deficit) | $5.08B | $5.44B | $5.44B | $8.02B | $8.11B | $10.91B | $12.24B | $14.91B | $16.34B | $16.08B | $15.57B | $19.06B |
| Accumulated other comprehensive income | $3.34B | $3.28B | $3.28B | $4.00B | $4.14B | $964.9M | −$657.0M | $2.82B | $944.9M | $1.14B | $2.17B | $215.2M |
| Minority interest | $237.8M | $230.5M | $210.1M | $218.3M | $211.0M | — | — | — | — | — | — | — |
| Total shareholders' equity | $9.22B | $9.50B | $9.50B | $12.74B | $12.99B | $12.65B | $12.37B | $18.66B | $18.35B | $18.43B | $19.06B | $20.92B |
| Key figures | ||||||||||||
| Total debt | $9.07B | $9.25B | $9.25B | $9.23B | $10.54B | $10.24B | $9.78B | $18.54B | $17.98B | $18.38B | $10.23B | $16.90B |
| Net cash (debt) | −$6.66B | −$7.37B | −$7.37B | −$7.55B | −$7.39B | −$8.26B | −$7.63B | −$15.28B | −$14.76B | −$15.59B | −$6.83B | −$13.60B |
| Working capital | $756.1M | $303.8M | $303.8M | −$128.8M | $85.2M | −$171.7M | $166.4M | $845.8M | $1.36B | $1.07B | $1.31B | $1.70B |
| Tangible book value | $4.54B | $4.76B | $4.76B | $7.73B | $7.97B | $8.01B | $7.92B | $6.56B | $6.78B | $6.69B | $15.08B | $9.14B |
| Current ratio | 1.28 | 1.11 | 1.11 | 0.96 | 1.02 | 0.95 | 1.05 | 1.19 | 1.34 | 1.28 | 1.30 | 1.45 |
| Quick ratio | 1.07 | 0.90 | 0.90 | 0.75 | 0.86 | 0.78 | 0.83 | 0.96 | 1.03 | 0.97 | 0.89 | 1.12 |
| Debt / equity | 0.98 | 0.97 | 0.97 | 0.72 | 0.81 | 0.81 | 0.79 | 0.99 | 0.98 | 1.00 | 0.54 | 0.81 |
| Equity / assets | 42.8% | 43.4% | 43.4% | 50.2% | 47.8% | 48.7% | 48.6% | 44.7% | 44.9% | 45.4% | 45.3% | 49.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 18, 2026); data from EODHD.
LBTYB financial position
At the end of fiscal 2025 (December 31, 2025), Liberty Global had total assets of $22.6 billion (down 11.2% from a year earlier), total liabilities of $12.7 billion and shareholders' equity of $9.7 billion. It held $2.2 billion in cash and short-term investments against $10.2 billion of debt, net debt of $8.0 billion. Its current ratio was 1.08. In the latest quarter (ended June 30, 2026) total assets were $21.5 billion and equity $9.2 billion.
Related: LBTYB income statement, LBTYB cash flow statement, LBTYB key metrics. See the LBTYB stock overview for the latest quote and news.
LBTYB balance sheet FAQ
What are Liberty Global's total assets?
Liberty Global reported total assets of $22.6 billion at the end of fiscal 2025 (December 31, 2025), compared with $25.4 billion a year earlier.
How much debt does Liberty Global have?
Liberty Global had $10.2 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.04.
How much cash does Liberty Global have?
Liberty Global held $2.2 billion in cash and short-term investments at the end of fiscal 2025; with $10.2 billion of debt that is net debt of $8.0 billion.
What is Liberty Global's book value?
Liberty Global's shareholders' equity (book value) was $9.7 billion at the end of fiscal 2025.
What is Liberty Global's current ratio?
Liberty Global had current assets of $3.4 billion and current liabilities of $3.2 billion, a current ratio of 1.08 (it can cover its short-term obligations).
How much goodwill does Liberty Global have?
Liberty Global carried $4.9 billion of goodwill and intangible assets, 21.5% of total assets, at the end of fiscal 2025.