Lloyds Banking Group plc (LYG) Balance Sheet
LYG balance sheet, 2025
December 31, 2025 · U.S. dollars$944.07B assets = $896.21B liabilities + $47.87B equity
Both columns are drawn to the same scale: what LYG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
LYG financial health
Descriptive bands, not a rating. Fiscal 2025.
LYG balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $817.79B2016 | $944.07B2025 | +2.4%/yr | |
| Total liabilities | $768.98B2016 | $896.21B2025 | +2.6%/yr | |
| Shareholders’ equity | $48.38B2016 | $47.67B2025 | −0.2%/yr | |
| Cash & short-term investments | $48.16B2016 | $60.60B2025 | +3.9%/yr | |
| Total debt | $92.55B2016 | $95.14B2025 | +0.5%/yr | |
| Net cash (debt) | −$44.39B2016 | −$34.55B2025 | +$9.8B | |
| Working capital | −$378.97B2016 | −$447.65B2025 | −$68.7B | |
| Book value per share | $2.692016 | $3.192025 | +2.9%/yr | |
| Debt / equity | 1.912016 | 2.002025 | +0.08 | |
| Shares outstanding | 18.01B2016 | 14.95B2025 | −3.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LYG assets
LYG liabilities and equity
LYG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
LYG balance sheet
| 2025 | 2020 | 2019 | 2018 | 2017 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $60.60B | $73.56B | $55.44B | $55.31B | $59.28B | $12.83B | $48.16B |
| Cash & equivalents | $56.66B | $73.56B | $55.44B | $55.31B | $59.28B | $1.90B | $48.16B |
| Short-term investments | $3.94B | — | $1.25T | −$40.78B | −$31.52B | $10.93B | −$33.02B |
| Receivables | $1.35B | $959.0M | $320.0M | $749.0M | $602.0M | $3.88B | $714.0M |
| Inventory | $0 | $0 | $0 | −$91.30B | −$102.25B | $504.0M | −$200.06B |
| Other current assets | $1.79B | $0 | $0 | $95.05B | $106.51B | $0 | $204.62B |
| Total current assets | $63.73B | $73.56B | $55.44B | $59.80B | $64.14B | $16.97B | $53.43B |
| Property, plant & equipment (net) | $11.00B | $11.75B | $13.10B | $8.53B | $9.03B | $0 | $9.21B |
| Goodwill & intangible assets | $8.59B | $6.46B | $6.13B | $5.66B | $5.14B | $8.78B | $3.70B |
| Long-term investments | $269.89B | $206.07B | $194.02B | $171.39B | $202.93B | $5.87B | $214.21B |
| Other non-current assets | $590.86B | $573.43B | $565.19B | $552.22B | $530.87B | $50.70B | $537.25B |
| Total assets | $944.07B | $871.27B | $833.89B | $797.60B | $812.11B | $82.33B | $817.79B |
| Liabilities | |||||||
| Accounts payable | — | $1.50B | $1.13B | $425.45B | $422.12B | $4.43B | $422.10B |
| Short-term debt | $40.62B | $51.15B | $50.93B | $0 | $0 | $8.19B | $0 |
| Total current liabilities | $511.38B | $92.62B | $71.60B | $450.24B | $449.61B | $13.14B | $432.39B |
| Long-term debt | $88.17B | $101.66B | $114.82B | $108.82B | $90.37B | $30.40B | $96.14B |
| Lease obligations | — | — | $0 | $0 | $0 | — | $0 |
| Other long-term liabilities | $296.66B | $0 | $0 | $188.33B | $222.98B | $13.32B | $240.44B |
| Total liabilities | $896.21B | $101.66B | $114.82B | $747.40B | $762.97B | $56.86B | $768.98B |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $5.89B | $7.08B | $7.00B | $7.12B | $7.20B | $561.0M | $7.15B |
| Retained earnings (deficit) | $6.29B | $4.58B | $3.25B | $5.39B | $4.91B | $28.24B | $3.60B |
| Treasury stock | — | — | $0 | $0 | $0 | — | $0 |
| Accumulated other comprehensive income | — | $5.98B | $5.93B | $5.44B | $6.05B | — | $6.89B |
| Minority interest | $199.0M | — | $0 | $0 | $0 | — | $0 |
| Total shareholders' equity | $47.67B | $769.61B | $719.07B | $49.92B | $48.91B | $25.47B | $48.38B |
| Key figures | |||||||
| Total debt | $95.14B | $152.80B | $165.75B | $105.97B | $87.18B | $38.59B | $92.55B |
| Net cash (debt) | −$34.55B | −$79.25B | −$110.30B | −$50.66B | −$27.91B | −$25.76B | −$44.39B |
| Working capital | −$447.65B | −$19.06B | −$16.16B | −$390.44B | −$385.47B | $3.83B | −$378.97B |
| Tangible book value | $39.08B | $763.15B | $712.94B | $44.27B | $43.76B | $16.69B | $44.68B |
| Book value per share | $3.19 | $10.80 | $10.09 | $2.76 | $2.70 | — | $2.69 |
| Shares outstanding | 14.95B | 71.26B | 71.28B | 18.07B | 18.10B | — | 18.01B |
| Current ratio | 0.12 | 0.79 | 0.77 | 0.13 | 0.14 | 1.29 | 0.12 |
| Quick ratio | 0.12 | 0.80 | 0.78 | 0.12 | 0.13 | 1.27 | 0.11 |
| Debt / equity | 2.00 | 0.20 | 0.23 | 2.12 | 1.78 | 1.52 | 1.91 |
| Equity / assets | 5.0% | 88.3% | 86.2% | 6.3% | 6.0% | 30.9% | 5.9% |
| Dec '25 | Jun '25 | |
|---|---|---|
| Assets | ||
| Cash & short-term investments | $60.60B | $64.22B |
| Cash & equivalents | $56.66B | $64.22B |
| Short-term investments | $3.94B | — |
| Receivables | $1.35B | $1.23B |
| Inventory | $0 | $0 |
| Other current assets | $1.79B | $0 |
| Total current assets | $63.73B | $65.45B |
| Property, plant & equipment (net) | $11.00B | $0 |
| Goodwill & intangible assets | $8.59B | $16.08B |
| Long-term investments | $269.89B | $251.53B |
| Other non-current assets | $590.86B | $586.22B |
| Total assets | $944.07B | $919.28B |
| Liabilities | ||
| Short-term debt | $40.62B | — |
| Total current liabilities | $511.38B | $504.03B |
| Long-term debt | $88.17B | $78.96B |
| Other long-term liabilities | $296.66B | $289.42B |
| Total liabilities | $896.21B | $872.41B |
| Shareholders' equity | ||
| Common stock & paid-in capital | $5.89B | $6.00B |
| Retained earnings (deficit) | $6.29B | $5.62B |
| Accumulated other comprehensive income | $16.69B | $16.31B |
| Minority interest | $199.0M | $154.0M |
| Total shareholders' equity | $47.67B | $46.72B |
| Key figures | ||
| Total debt | $95.14B | $85.44B |
| Net cash (debt) | −$34.55B | −$21.22B |
| Working capital | −$447.65B | −$438.58B |
| Tangible book value | $39.08B | $30.63B |
| Book value per share | $3.19 | $3.08 |
| Shares outstanding | 14.95B | 15.15B |
| Current ratio | 0.12 | 0.13 |
| Quick ratio | 0.12 | 0.13 |
| Debt / equity | 2.00 | 1.83 |
| Equity / assets | 5.0% | 5.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 13, 2026); data from EODHD.
LYG financial position
At the end of fiscal 2025 (December 31, 2025), Lloyds Banking had total assets of $944.1 billion (up 8.4% from a year earlier), total liabilities of $896.2 billion and shareholders' equity of $47.7 billion. It held $60.6 billion in cash and short-term investments against $95.1 billion of debt, net debt of $34.5 billion. Its current ratio was 0.12.
Related: LYG income statement, LYG cash flow statement, LYG key metrics. See the LYG stock overview for the latest quote and news.
LYG balance sheet FAQ
What are Lloyds Banking's total assets?
Lloyds Banking reported total assets of $944.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $871.3 billion a year earlier.
How much debt does Lloyds Banking have?
Lloyds Banking had $95.1 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 2.00.
How much cash does Lloyds Banking have?
Lloyds Banking held $60.6 billion in cash and short-term investments at the end of fiscal 2025; with $95.1 billion of debt that is net debt of $34.5 billion.
What is Lloyds Banking's book value?
Lloyds Banking's shareholders' equity (book value) was $47.7 billion at the end of fiscal 2025, or $3.19 per share.
What is Lloyds Banking's current ratio?
Lloyds Banking had current assets of $63.7 billion and current liabilities of $511.4 billion, a current ratio of 0.12 (current liabilities exceed current assets).
How much goodwill does Lloyds Banking have?
Lloyds Banking carried $8.6 billion of goodwill and intangible assets, 0.9% of total assets, at the end of fiscal 2025.