The Procter & Gamble Company (PG) Balance Sheet
PG balance sheet, FY2026
June 30, 2026 · U.S. dollars$126.52B assets = $72.21B liabilities + $54.31B equity
Both columns are drawn to the same scale: what PG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PG financial health
Current ratio0.68
Tight · current assets cover current liabilities 0.68×
Debt / equity0.64
Moderate leverage · $0.64 of debt for each $1 of equity
Equity / assets42.9%
Equity-funded · of assets funded by shareholders
Cash / debt28.4%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles49.6%
Acquisition-heavy · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
PG balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $120.41BFY2017 | $126.52BFY2026 | +0.6%/yr | |
| Total liabilities | $64.63BFY2017 | $72.21BFY2026 | +1.2%/yr | |
| Shareholders’ equity | $55.18BFY2017 | $54.31BFY2026 | −0.2%/yr | |
| Cash & short-term investments | $15.14BFY2017 | $9.94BFY2026 | −4.6%/yr | |
| Total debt | $31.64BFY2017 | $35.03BFY2026 | +1.1%/yr | |
| Net cash (debt) | −$16.51BFY2017 | −$25.08BFY2026 | −$8.6B | |
| Working capital | −$3.72BFY2017 | −$12.49BFY2026 | −$8.8B | |
| Book value per share | $20.14FY2017 | $22.42FY2026 | +1.2%/yr | |
| Current ratio | 0.88FY2017 | 0.68FY2026 | −0.20 | |
| Debt / equity | 0.57FY2017 | 0.64FY2026 | +0.07 | |
| Shares outstanding | 2.74BFY2017 | 2.42BFY2026 | −1.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PG assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
PG liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
PG debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PG balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $9.94B | $9.56B | $9.48B | $8.25B | $7.21B | $10.29B | $16.18B | $10.29B | $11.85B | $15.14B |
| Cash & equivalents | $9.94B | $9.56B | $9.48B | $8.25B | $7.21B | $10.29B | $16.18B | $4.24B | $2.57B | $5.57B |
| Short-term investments | — | — | — | — | — | — | $0 | $6.05B | $9.28B | $9.57B |
| Receivables | $6.06B | $6.18B | $6.12B | $5.47B | $5.14B | $4.72B | $4.18B | $4.95B | $4.69B | $4.59B |
| Inventory | $8.17B | $7.55B | $7.02B | $7.07B | $6.92B | $5.98B | $5.50B | $5.02B | $4.74B | $4.62B |
| Other current assets | $2.04B | $2.10B | $2.09B | $1.86B | $2.37B | $2.10B | $2.13B | $2.22B | $2.05B | $2.14B |
| Total current assets | $26.21B | $25.39B | $24.71B | $22.65B | $21.65B | $23.09B | $27.99B | $22.47B | $23.32B | $26.49B |
| Property, plant & equipment (net) | $25.36B | $23.90B | $22.15B | $21.91B | $21.20B | $21.69B | $20.69B | $21.27B | $20.60B | $19.89B |
| Goodwill & intangible assets | $62.72B | $63.56B | $62.35B | $64.44B | $63.38B | $64.57B | $63.69B | $64.49B | $69.08B | $68.89B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $169.0M | $141.0M | $132.0M |
| Other non-current assets | $12.23B | $12.38B | $13.16B | $11.83B | $10.98B | $9.96B | $8.33B | $6.69B | $5.17B | $5.00B |
| Total assets | $126.52B | $125.23B | $122.37B | $120.83B | $117.21B | $119.31B | $120.70B | $115.09B | $118.31B | $120.41B |
| Liabilities | ||||||||||
| Accounts payable | $16.31B | $15.23B | $15.36B | $14.60B | $14.88B | $13.72B | $12.07B | $11.26B | $10.34B | $9.63B |
| Short-term debt | $11.54B | $9.77B | $7.43B | $10.45B | $8.85B | $9.11B | $11.42B | $9.71B | $10.45B | $13.57B |
| Deferred revenue | — | — | $2.19B | — | $1.80B | $2.15B | $1.92B | $6.73B | $5.44B | $5.03B |
| Total current liabilities | $38.69B | $36.06B | $33.63B | $35.76B | $33.08B | $33.13B | $32.98B | $30.01B | $28.24B | $30.21B |
| Long-term debt | $22.84B | $25.00B | $25.27B | $24.38B | $22.85B | $23.10B | $23.54B | $20.39B | $20.86B | $18.04B |
| Lease obligations | $887.0M | $956.0M | $909.0M | $817.0M | $800.0M | $631.0M | $652.0M | $33.0M | $107.0M | $51.0M |
| Other long-term liabilities | $10.67B | $11.89B | $12.92B | $13.63B | $14.43B | $16.42B | $17.31B | $17.11B | $16.33B | $16.38B |
| Total liabilities | $72.21B | $72.95B | $71.81B | $73.76B | $70.35B | $72.65B | $73.82B | $67.52B | $65.43B | $64.63B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $4.01B | $4.01B | $4.01B | $4.01B | $4.01B | $4.01B | $4.01B | $4.01B | $4.01B | $67.65B |
| Retained earnings (deficit) | $135.85B | $129.97B | $123.81B | $118.17B | $112.43B | $106.37B | $100.24B | $94.92B | $98.64B | $96.12B |
| Treasury stock | — | — | — | −$129.74B | −$123.38B | −$114.97B | −$105.57B | −$100.41B | −$99.22B | −$93.72B |
| Accumulated other comprehensive income | −$12.46B | −$12.14B | −$11.90B | −$12.22B | −$12.19B | −$13.74B | −$16.16B | −$14.94B | −$14.75B | −$14.63B |
| Minority interest | $230.0M | $272.0M | $272.0M | $288.0M | $265.0M | $276.0M | — | $385.0M | $590.0M | $594.0M |
| Total shareholders' equity | $54.31B | $52.01B | $50.29B | $46.78B | $46.59B | $46.38B | $46.52B | $47.19B | $52.29B | $55.18B |
| Key figures | ||||||||||
| Total debt | $35.03B | $35.46B | $33.37B | $35.42B | $32.29B | $32.84B | $35.61B | $30.10B | $31.39B | $31.64B |
| Net cash (debt) | −$25.08B | −$25.91B | −$23.89B | −$27.18B | −$25.08B | −$22.55B | −$19.43B | −$19.81B | −$19.54B | −$16.51B |
| Working capital | −$12.49B | −$10.67B | −$8.92B | −$13.11B | −$11.43B | −$10.04B | −$4.99B | −$7.54B | −$4.92B | −$3.72B |
| Tangible book value | −$8.41B | −$11.55B | −$12.06B | −$17.66B | −$16.79B | −$18.19B | −$17.17B | −$17.29B | −$16.78B | −$13.70B |
| Book value per share | $22.42 | $21.19 | $20.34 | $18.83 | $18.35 | $17.83 | $17.72 | $18.58 | $19.68 | $20.14 |
| Shares outstanding | 2.42B | 2.45B | 2.47B | 2.48B | 2.54B | 2.60B | 2.63B | 2.54B | 2.66B | 2.74B |
| Current ratio | 0.68 | 0.70 | 0.73 | 0.63 | 0.65 | 0.70 | 0.85 | 0.75 | 0.83 | 0.88 |
| Quick ratio | 0.41 | 0.44 | 0.46 | 0.38 | 0.37 | 0.45 | 0.62 | 0.51 | 0.59 | 0.65 |
| Debt / equity | 0.64 | 0.68 | 0.66 | 0.76 | 0.69 | 0.71 | 0.77 | 0.64 | 0.60 | 0.57 |
| Equity / assets | 42.9% | 41.5% | 41.1% | 38.7% | 39.7% | 38.9% | 38.5% | 41.0% | 44.2% | 45.8% |
| 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 | $9.94B | $12.31B | $10.82B | $11.17B | $9.56B | $9.12B | $10.23B | $12.16B | $9.48B | $6.83B | $7.89B | $9.73B |
| Cash & equivalents | $9.94B | $12.31B | $10.82B | $11.17B | $9.56B | $9.12B | $10.23B | $12.16B | $9.48B | $6.83B | $7.89B | $9.73B |
| Receivables | $6.06B | $6.32B | $6.28B | $6.49B | $6.18B | $6.14B | $6.23B | $6.31B | $6.12B | $6.12B | $6.33B | $6.21B |
| Inventory | $8.17B | $7.85B | $7.82B | $7.85B | $7.55B | $7.40B | $7.02B | $7.29B | $7.02B | $7.08B | $7.15B | $7.12B |
| Other current assets | $2.04B | $1.51B | $1.67B | $1.61B | $2.10B | $1.78B | $2.16B | $1.69B | $2.09B | $2.43B | $1.74B | $1.88B |
| Total current assets | $26.21B | $27.99B | $26.59B | $27.12B | $25.39B | $24.43B | $25.64B | $27.45B | $24.71B | $22.46B | $23.11B | $24.94B |
| Property, plant & equipment (net) | $25.36B | $24.57B | $24.49B | $24.12B | $23.90B | $22.73B | $22.07B | $22.51B | $22.15B | $22.03B | $22.13B | $21.64B |
| Goodwill & intangible assets | $62.72B | $62.89B | $63.40B | $63.46B | $63.56B | $62.31B | $61.73B | $63.02B | $62.35B | $62.76B | $63.22B | $63.88B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $12.23B | $12.93B | $12.81B | $12.90B | $12.38B | $13.51B | $13.19B | $13.50B | $13.16B | $12.35B | $12.25B | $12.08B |
| Total assets | $126.52B | $128.38B | $127.29B | $127.60B | $125.23B | $122.98B | $122.64B | $126.48B | $122.37B | $119.60B | $120.71B | $122.53B |
| Liabilities | ||||||||||||
| Accounts payable | $16.31B | $15.03B | $15.17B | $15.61B | $15.23B | $14.51B | $14.49B | $15.35B | $15.36B | $13.69B | $14.23B | $14.44B |
| Short-term debt | $11.54B | $13.17B | $11.06B | $11.63B | $9.77B | $9.89B | $9.42B | $10.41B | $7.43B | $7.73B | $10.62B | $11.81B |
| Deferred revenue | — | — | — | — | — | — | — | — | $2.19B | — | — | — |
| Total current liabilities | $38.69B | $38.23B | $36.70B | $37.99B | $36.06B | $34.25B | $33.80B | $36.42B | $33.63B | $32.34B | $35.95B | $37.16B |
| Long-term debt | $22.84B | $23.85B | $25.58B | $24.32B | $25.00B | $24.25B | $25.26B | $25.74B | $25.27B | $24.25B | $23.10B | $24.07B |
| Lease obligations | $887.0M | — | — | — | $956.0M | — | — | — | $909.0M | — | — | — |
| Other long-term liabilities | $10.67B | $11.56B | $11.69B | $11.74B | $11.89B | $11.94B | $12.14B | $12.18B | $12.92B | $12.67B | $12.84B | $13.29B |
| Total liabilities | $72.21B | $73.65B | $73.97B | $74.05B | $72.95B | $70.44B | $71.20B | $74.34B | $71.81B | $69.27B | $71.88B | $74.52B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $4.01B | $4.01B | $4.01B | $4.01B | $4.01B | $4.01B | $4.01B | $4.01B | $4.01B | $4.01B | $4.01B | $4.01B |
| Retained earnings (deficit) | $135.85B | $135.42B | $133.98B | $132.21B | $129.97B | $128.92B | $127.54B | $125.36B | $123.81B | $123.13B | $121.62B | $120.44B |
| Accumulated other comprehensive income | −$12.46B | −$12.30B | −$12.11B | −$12.16B | −$12.14B | −$11.31B | −$11.64B | −$10.89B | −$11.90B | −$12.37B | −$12.17B | −$12.58B |
| Minority interest | $230.0M | $226.0M | $276.0M | $281.0M | $272.0M | — | — | — | — | — | — | — |
| Total shareholders' equity | $54.31B | $54.51B | $53.04B | $53.27B | $52.01B | $52.27B | $51.17B | $51.84B | $50.29B | $50.06B | $48.53B | $47.69B |
| Key figures | ||||||||||||
| Total debt | $35.03B | $37.03B | $36.64B | $35.95B | $35.46B | $34.14B | $34.69B | $36.15B | $33.37B | $31.98B | $33.71B | $35.88B |
| Net cash (debt) | −$25.08B | −$24.72B | −$25.81B | −$24.77B | −$25.91B | −$25.02B | −$24.46B | −$24.00B | −$23.89B | −$25.15B | −$25.82B | −$26.15B |
| Working capital | −$12.49B | −$10.25B | −$10.11B | −$10.88B | −$10.67B | −$9.81B | −$8.15B | −$8.97B | −$8.92B | −$9.88B | −$12.84B | −$12.22B |
| Tangible book value | −$8.41B | −$8.38B | −$10.36B | −$10.19B | −$11.55B | −$10.04B | −$10.56B | −$11.18B | −$12.06B | −$12.70B | −$14.68B | −$16.18B |
| Book value per share | $22.42 | $22.56 | $21.88 | $21.86 | $21.19 | $21.34 | $20.82 | $21.02 | $20.34 | $20.25 | $19.66 | $19.27 |
| Shares outstanding | 2.42B | 2.42B | 2.42B | 2.44B | 2.45B | 2.45B | 2.46B | 2.47B | 2.47B | 2.47B | 2.47B | 2.48B |
| Current ratio | 0.68 | 0.73 | 0.72 | 0.71 | 0.70 | 0.71 | 0.76 | 0.75 | 0.73 | 0.69 | 0.64 | 0.67 |
| Quick ratio | 0.41 | 0.49 | 0.47 | 0.46 | 0.44 | 0.45 | 0.49 | 0.51 | 0.46 | 0.40 | 0.40 | 0.43 |
| Debt / equity | 0.64 | 0.68 | 0.69 | 0.67 | 0.68 | 0.65 | 0.68 | 0.70 | 0.66 | 0.64 | 0.69 | 0.75 |
| Equity / assets | 42.9% | 42.5% | 41.7% | 41.7% | 41.5% | 42.5% | 41.7% | 41.0% | 41.1% | 41.9% | 40.2% | 38.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed August 4, 2026); data from EODHD.
PG financial position
At the end of fiscal 2026 (June 30, 2026), Procter & Gamble had total assets of $126.5 billion (up 1.0% from a year earlier), total liabilities of $72.2 billion and shareholders' equity of $54.3 billion. It held $9.9 billion in cash and short-term investments against $35.0 billion of debt, net debt of $25.1 billion. Its current ratio was 0.68.
Related: PG income statement, PG cash flow statement, PG key metrics. See the PG stock overview for the latest quote and news.
PG balance sheet FAQ
What are Procter & Gamble's total assets?
Procter & Gamble reported total assets of $126.5 billion at the end of fiscal 2026 (June 30, 2026), compared with $125.2 billion a year earlier.
How much debt does Procter & Gamble have?
Procter & Gamble had $35.0 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.64.
How much cash does Procter & Gamble have?
Procter & Gamble held $9.9 billion in cash and short-term investments at the end of fiscal 2026; with $35.0 billion of debt that is net debt of $25.1 billion.
What is Procter & Gamble's book value?
Procter & Gamble's shareholders' equity (book value) was $54.3 billion at the end of fiscal 2026, or $22.42 per share.
What is Procter & Gamble's current ratio?
Procter & Gamble had current assets of $26.2 billion and current liabilities of $38.7 billion, a current ratio of 0.68 (current liabilities exceed current assets).
How much goodwill does Procter & Gamble have?
Procter & Gamble carried $62.7 billion of goodwill and intangible assets, 49.6% of total assets, at the end of fiscal 2026.