Cheniere Energy, Inc. (LNG) Balance Sheet
LNG balance sheet, 2025
December 31, 2025 · U.S. dollars$49.13B assets = $36.05B liabilities + $13.08B equity
Both columns are drawn to the same scale: what LNG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
LNG financial health
Descriptive bands, not a rating. Fiscal 2025.
LNG balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $23.70B2016 | $49.13B2025 | +8.4%/yr | |
| Total liabilities | $22.86B2016 | $36.05B2025 | +5.2%/yr | |
| Shareholders’ equity | −$1.40B2016 | $7.92B2025 | — | |
| Cash & short-term investments | $876.0M2016 | $1.58B2025 | +6.8%/yr | |
| Total debt | $21.93B2016 | $28.61B2025 | +3.0%/yr | |
| Net cash (debt) | −$21.06B2016 | −$27.02B2025 | −$6.0B | |
| Working capital | $1.16B2016 | −$224.0M2025 | −$1.4B | |
| Book value per share | −$6.102016 | $35.932025 | — | |
| Current ratio | 2.082016 | 0.942025 | −1.14 | |
| Debt / equity | 21.302017 | 3.612025 | −17.69 | |
| Shares outstanding | 228.8M2016 | 220.3M2025 | −0.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LNG assets
LNG liabilities and equity
LNG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
LNG balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.58B | $2.64B | $4.07B | $1.35B | $1.40B | $1.63B | $2.47B | $981.0M | $722.0M | $876.0M |
| Cash & equivalents | $1.58B | $2.64B | $4.07B | $1.35B | $1.40B | $1.63B | $2.47B | $981.0M | $722.0M | $876.0M |
| Short-term investments | — | — | $92.0M | $84.0M | $2.0M | — | $225.0M | $34.0M | $16.0M | $7.0M |
| Receivables | $1.38B | $727.0M | $1.11B | $1.94B | $1.51B | $647.0M | $491.0M | $585.0M | $371.0M | $209.0M |
| Inventory | $524.0M | $501.0M | $445.0M | $826.0M | $706.0M | $292.0M | $312.0M | $316.0M | $243.0M | $160.0M |
| Other current assets | $204.0M | $935.0M | $714.0M | $1.49B | $1.44B | $602.0M | $935.0M | $2.35B | $2.03B | $993.0M |
| Total current assets | $3.69B | $4.80B | $6.33B | $5.61B | $5.06B | $3.17B | $4.21B | $4.23B | $3.37B | $2.24B |
| Property, plant & equipment (net) | $38.45B | $36.24B | $35.10B | $34.15B | $32.39B | $31.18B | $30.11B | $27.25B | $23.98B | $20.64B |
| Goodwill & intangible assets | $77.0M | $77.0M | $77.0M | $154.0M | $154.0M | $154.0M | $154.0M | $154.0M | $154.0M | $153.8M |
| Long-term investments | $78.0M | $129.0M | $111.0M | $16.0M | $56.0M | $376.0M | $108.0M | $94.0M | $64.0M | $15.1M |
| Other non-current assets | $6.83B | $2.62B | $1.46B | $1.33B | $1.60B | $818.0M | $906.0M | $260.0M | $341.0M | $661.1M |
| Total assets | $49.13B | $43.86B | $43.08B | $41.27B | $39.26B | $35.70B | $35.49B | $31.99B | $27.91B | $23.70B |
| Liabilities | ||||||||||
| Accounts payable | $123.0M | $171.0M | $181.0M | $124.0M | $155.0M | $35.0M | $66.0M | $58.0M | $25.0M | $49.0M |
| Short-term debt | $933.0M | $943.0M | $955.0M | $1.43B | $902.0M | $533.0M | $236.0M | $239.0M | $1.08B | $297.0M |
| Deferred revenue | $150.0M | $163.0M | $179.0M | $234.0M | $155.0M | $138.0M | $161.0M | $139.0M | $111.0M | $73.0M |
| Total current liabilities | $3.92B | $4.44B | $3.89B | $6.79B | $4.69B | $2.20B | $1.87B | $1.74B | $1.25B | $1.08B |
| Long-term debt | $23.35B | $23.04B | $23.86B | $24.05B | $29.45B | $30.47B | $30.77B | $28.24B | $25.34B | $21.69B |
| Lease obligations | $2.70B | $2.68B | $3.09B | $3.08B | $2.13B | $815.0M | $483.0M | $57.0M | — | — |
| Other long-term liabilities | $8.78B | $6.32B | $6.30B | $10.59B | $5.15B | $812.0M | $409.0M | $80.0M | $79.0M | $99.5M |
| Total liabilities | $36.05B | $33.80B | $34.06B | $41.44B | $39.29B | $33.48B | $33.06B | $30.06B | $26.67B | $22.86B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $3.25B | $3.21B |
| Retained earnings (deficit) | $12.24B | $7.38B | $4.55B | −$4.94B | −$6.02B | −$3.59B | −$3.51B | −$4.16B | −$4.63B | −$4.23B |
| Treasury stock | — | — | — | −$2.34B | −$928.0M | −$872.0M | −$674.0M | −$406.0M | −$386.0M | −$374.3M |
| Accumulated other comprehensive income | — | — | — | $1.97B | $3.45B | $3.40B | $3.49B | $3.63B | $2.86B | $2.84B |
| Minority interest | $5.16B | $4.36B | $3.96B | $2.80B | $2.54B | $2.41B | $2.45B | $2.46B | $3.00B | $2.23B |
| Total shareholders' equity | $7.92B | $5.70B | $5.06B | −$2.97B | −$2.57B | −$191.0M | −$14.0M | −$526.0M | $1.24B | −$1.40B |
| Key figures | ||||||||||
| Total debt | $28.61B | $25.59B | $26.32B | $27.95B | $31.95B | $31.66B | $31.26B | $28.48B | $26.41B | $21.93B |
| Net cash (debt) | −$27.02B | −$22.95B | −$22.26B | −$26.60B | −$30.55B | −$30.03B | −$28.78B | −$27.49B | −$25.69B | −$21.06B |
| Working capital | −$224.0M | $360.0M | $2.44B | −$1.19B | $363.0M | $973.0M | $2.34B | $2.49B | $2.12B | $1.16B |
| Tangible book value | $7.84B | $5.62B | $4.98B | −$3.12B | −$2.73B | −$345.0M | −$168.0M | −$680.0M | $1.09B | −$1.55B |
| Book value per share | $35.93 | $24.88 | $20.86 | −$11.72 | −$10.15 | −$0.76 | −$0.05 | −$2.12 | $5.32 | −$6.10 |
| Shares outstanding | 220.3M | 229.1M | 242.6M | 253.4M | 253.4M | 252.4M | 258.1M | 248.0M | 233.1M | 228.8M |
| Current ratio | 0.94 | 1.08 | 1.63 | 0.83 | 1.08 | 1.44 | 2.25 | 2.43 | 2.69 | 2.08 |
| Quick ratio | 0.76 | 0.76 | 1.33 | 0.49 | 0.62 | 1.04 | 1.58 | 0.90 | 0.87 | 1.01 |
| Debt / equity | 3.61 | 4.49 | 5.20 | — | — | — | — | — | 21.30 | — |
| Equity / assets | 16.1% | 13.0% | 11.7% | −7.2% | −6.5% | −0.5% | −0.0% | −1.6% | 4.4% | −5.9% |
| 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 | $1.52B | $1.77B | $1.58B | $1.40B | $2.02B | $2.51B | $2.64B | $2.66B | $2.44B | $4.41B | $4.07B | $3.86B |
| Cash & equivalents | $1.52B | $1.77B | $1.58B | $1.40B | $2.02B | $2.51B | $2.64B | $2.66B | $2.44B | $4.41B | $4.07B | $3.86B |
| Short-term investments | — | — | — | — | — | — | — | — | $2.0M | $63.0M | $92.0M | $23.0M |
| Receivables | $1.33B | $1.21B | $1.38B | $1.32B | $761.0M | $1.02B | $727.0M | $680.0M | $719.0M | $675.0M | $1.11B | $811.0M |
| Inventory | $723.0M | $678.0M | $524.0M | $458.0M | $482.0M | $525.0M | $501.0M | $394.0M | $387.0M | $363.0M | $445.0M | $400.0M |
| Other current assets | $535.0M | $504.0M | $204.0M | $321.0M | $444.0M | $672.0M | $935.0M | $718.0M | $788.0M | $660.0M | $714.0M | $697.0M |
| Total current assets | $4.11B | $4.16B | $3.69B | $3.50B | $3.70B | $4.73B | $4.80B | $4.46B | $4.34B | $6.11B | $6.33B | $5.77B |
| Property, plant & equipment (net) | $39.67B | $39.40B | $38.45B | $37.97B | $37.60B | $36.90B | $36.24B | $36.08B | $35.92B | $35.63B | $35.10B | $34.60B |
| Goodwill & intangible assets | $0 | $0 | $77.0M | $0 | $0 | $0 | $77.0M | $0 | $0 | $0 | $77.0M | $154.0M |
| Long-term investments | $0 | $0 | $78.0M | $0 | $0 | $0 | $129.0M | $0 | $0 | $0 | $111.0M | $0 |
| Other non-current assets | $4.19B | $3.29B | $6.83B | $3.63B | $3.27B | $1.92B | $2.62B | $2.54B | $2.02B | $1.17B | $1.46B | $1.19B |
| Total assets | $47.97B | $46.84B | $49.13B | $45.10B | $44.58B | $43.55B | $43.86B | $43.08B | $42.28B | $42.91B | $43.08B | $41.72B |
| Liabilities | ||||||||||||
| Accounts payable | $293.0M | $241.0M | $123.0M | $279.0M | $161.0M | $182.0M | $171.0M | $137.0M | $124.0M | $102.0M | $181.0M | $126.0M |
| Short-term debt | $1.97B | $2.18B | $933.0M | $1.18B | $1.17B | $680.0M | $943.0M | $1.32B | $1.44B | $4.31B | $955.0M | $961.0M |
| Deferred revenue | $116.0M | $111.0M | $150.0M | $176.0M | $145.0M | $117.0M | $163.0M | $189.0M | $125.0M | $125.0M | $179.0M | $209.0M |
| Total current liabilities | $4.72B | $7.27B | $3.92B | $3.74B | $3.77B | $3.98B | $4.44B | $4.16B | $4.24B | $6.21B | $3.89B | $3.76B |
| Long-term debt | $22.63B | $22.14B | $23.35B | $21.96B | $22.01B | $22.51B | $23.04B | $23.04B | $22.59B | $21.40B | $23.40B | $23.86B |
| Lease obligations | $2.51B | $2.66B | $2.70B | $2.63B | $2.78B | $2.73B | $2.68B | $3.35B | $3.34B | $3.38B | $3.09B | $3.00B |
| Other long-term liabilities | $9.13B | $8.76B | $8.78B | $7.95B | $7.48B | $6.96B | $6.32B | $6.53B | $6.85B | $7.00B | $6.77B | $6.19B |
| Total liabilities | $36.48B | $38.17B | $36.05B | $33.64B | $33.27B | $33.45B | $33.80B | $33.72B | $33.68B | $34.61B | $34.06B | $33.81B |
| 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) | $11.57B | $8.62B | $12.24B | $10.07B | $9.02B | $7.62B | $7.38B | $6.52B | $5.62B | $4.95B | $4.55B | $3.27B |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | — | — | — | $873.0M |
| Minority interest | $5.30B | $4.92B | $5.16B | $4.71B | $4.60B | — | — | — | — | — | — | — |
| Total shareholders' equity | $6.19B | $3.75B | $7.92B | $6.75B | $6.71B | $5.58B | $5.70B | $5.10B | $4.46B | $4.25B | $5.06B | $4.14B |
| Key figures | ||||||||||||
| Total debt | $26.56B | $26.41B | $28.61B | $26.45B | $26.62B | $25.34B | $25.59B | $26.60B | $26.73B | $28.42B | $26.32B | $26.73B |
| Net cash (debt) | −$25.04B | −$24.64B | −$27.02B | −$25.05B | −$24.60B | −$22.83B | −$22.95B | −$23.93B | −$24.29B | −$24.01B | −$22.26B | −$22.87B |
| Working capital | −$611.0M | −$3.11B | −$224.0M | −$238.0M | −$71.0M | $748.0M | $360.0M | $299.0M | $100.0M | −$103.0M | $2.44B | $2.01B |
| Tangible book value | $6.19B | $3.75B | $7.84B | $6.75B | $6.71B | $5.58B | $5.62B | $5.10B | $4.46B | $4.25B | $4.98B | $3.99B |
| Book value per share | $29.55 | $17.84 | $36.83 | $30.69 | $30.17 | $24.90 | $25.28 | $22.48 | $19.50 | $18.09 | $20.86 | $17.12 |
| Shares outstanding | 209.5M | 210.5M | 214.9M | 219.9M | 222.3M | 224.1M | 225.4M | 227.0M | 228.9M | 235.0M | 242.6M | 242.0M |
| Current ratio | 0.87 | 0.57 | 0.94 | 0.94 | 0.98 | 1.19 | 1.08 | 1.07 | 1.02 | 0.98 | 1.63 | 1.54 |
| Quick ratio | 0.60 | 0.41 | 0.76 | 0.73 | 0.74 | 0.89 | 0.76 | 0.80 | 0.75 | 0.82 | 1.33 | 1.24 |
| Debt / equity | 4.29 | 7.03 | 3.61 | 3.92 | 3.97 | 4.54 | 4.49 | 5.21 | 5.99 | 6.69 | 5.20 | 6.45 |
| Equity / assets | 12.9% | 8.0% | 16.1% | 15.0% | 15.0% | 12.8% | 13.0% | 11.8% | 10.6% | 9.9% | 11.7% | 9.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
LNG financial position
At the end of fiscal 2025 (December 31, 2025), Cheniere Energy had total assets of $49.1 billion (up 12.0% from a year earlier), total liabilities of $36.0 billion and shareholders' equity of $7.9 billion. It held $1.6 billion in cash and short-term investments against $28.6 billion of debt, net debt of $27.0 billion. Its current ratio was 0.94. In the latest quarter (ended June 30, 2026) total assets were $48.0 billion and equity $6.2 billion.
Related: LNG income statement, LNG cash flow statement, LNG key metrics. See the LNG stock overview for the latest quote and news.
LNG balance sheet FAQ
What are Cheniere Energy's total assets?
Cheniere Energy reported total assets of $49.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $43.9 billion a year earlier.
How much debt does Cheniere Energy have?
Cheniere Energy had $28.6 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 3.61.
How much cash does Cheniere Energy have?
Cheniere Energy held $1.6 billion in cash and short-term investments at the end of fiscal 2025; with $28.6 billion of debt that is net debt of $27.0 billion.
What is Cheniere Energy's book value?
Cheniere Energy's shareholders' equity (book value) was $7.9 billion at the end of fiscal 2025, or $35.93 per share.
What is Cheniere Energy's current ratio?
Cheniere Energy had current assets of $3.7 billion and current liabilities of $3.9 billion, a current ratio of 0.94 (current liabilities exceed current assets).
How much goodwill does Cheniere Energy have?
Cheniere Energy carried $77.0 million of goodwill and intangible assets, 0.2% of total assets, at the end of fiscal 2025.