Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) Balance Sheet
SBS balance sheet, 2025
December 31, 2025 · Brazilian reaisR$106.22B assets = R$63.84B liabilities + R$42.38B equity
Both columns are drawn to the same scale: what SBS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SBS financial health
Descriptive bands, not a rating. Fiscal 2025.
SBS balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | R$36.75B2016 | R$106.22B2025 | +12.5%/yr | |
| Total liabilities | R$21.33B2016 | R$63.84B2025 | +13.0%/yr | |
| Shareholders’ equity | R$15.42B2016 | R$42.38B2025 | +11.9%/yr | |
| Cash & short-term investments | R$1.89B2016 | R$12.37B2025 | +23.2%/yr | |
| Total debt | R$11.96B2016 | R$39.99B2025 | +14.3%/yr | |
| Net cash (debt) | −R$10.08B2016 | −R$27.62B2025 | −R$17.5B | |
| Working capital | −R$478.9M2016 | R$2.00B2025 | +R$2.5B | |
| Current ratio | 0.892016 | 1.122025 | +0.23 | |
| Debt / equity | 0.782016 | 0.942025 | +0.17 | |
| Shares outstanding | 3.42B2016 | 3.42B2025 | +0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SBS assets
SBS liabilities and equity
SBS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SBS balance sheet in Brazilian reais
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | R$12.37B | R$5.38B | R$3.27B | R$3.55B | R$3.15B | R$3.81B | R$566.6M | R$3.03B | R$2.28B | R$1.89B |
| Cash & equivalents | R$4.67B | R$1.68B | R$838.5M | R$1.87B | R$717.9M | R$396.4M | R$566.6M | R$3.03B | R$2.28B | R$1.89B |
| Short-term investments | R$7.70B | R$3.70B | R$2.43B | R$1.68B | R$2.43B | R$3.41B | R$0 | R$0 | R$0 | R$0 |
| Receivables | R$5.98B | R$5.01B | R$4.34B | R$3.51B | R$3.14B | R$2.39B | R$633.0M | R$2.48B | R$2.19B | R$1.86B |
| Inventory | R$22.1M | R$10.8M | R$86.0M | R$124.2M | R$113.5M | R$104.8M | R$17.5M | R$65.6M | R$85.7M | R$58.0M |
| Other current assets | R$168.7M | R$200.8M | R$92.0M | R$103.8M | R$93.3M | R$133.7M | R$1 | R$31.9M | R$18.8M | R$24.1M |
| Total current assets | R$18.55B | R$10.61B | R$7.78B | R$7.28B | R$6.50B | R$6.44B | R$1.22B | R$5.60B | R$4.57B | R$3.82B |
| Property, plant & equipment (net) | R$890.3M | R$686.3M | R$592.6M | R$338.9M | R$291.2M | R$268.3M | R$78.2M | R$267.6M | R$255.1M | R$302.4M |
| Goodwill & intangible assets | R$50.47B | R$44.65B | R$43.89B | R$39.32B | R$36.50B | R$34.41B | R$8.04B | R$29.01B | R$33.47B | R$31.25B |
| Long-term investments | R$21.92B | R$18.59B | R$161.9M | R$110.8M | R$79.4M | R$63.4M | R$53.2M | R$44.6M | R$36.9M | R$31.1M |
| Other non-current assets | R$14.39B | R$6.44B | R$9.04B | R$10.15B | R$9.79B | R$9.24B | R$2.16B | R$8.64B | R$1.21B | R$1.34B |
| Total assets | R$106.22B | R$80.97B | R$61.47B | R$57.21B | R$53.17B | R$50.42B | R$11.55B | R$43.57B | R$39.55B | R$36.75B |
| Liabilities | ||||||||||
| Accounts payable | R$2.40B | R$766.6M | R$456.2M | R$430.9M | R$236.8M | R$263.7M | R$91.9M | R$466.0M | R$344.9M | R$312.0M |
| Short-term debt | R$4.96B | R$3.13B | R$2.62B | R$2.25B | R$1.83B | R$3.03B | R$699.7M | R$2.10B | R$1.75B | R$1.25B |
| Deferred revenue | — | — | R$22.0M | R$131.1M | R$2.51B | R$2.12B | R$2.67B | R$200.6M | R$2.39B | R$2.52B |
| Total current liabilities | R$16.54B | R$11.97B | R$8.41B | R$6.66B | R$5.09B | R$5.90B | R$1.60B | R$5.40B | R$4.77B | R$4.30B |
| Long-term debt | R$35.05B | R$22.12B | R$16.92B | R$16.71B | R$15.89B | R$14.22B | R$10.38B | R$11.05B | R$10.35B | R$10.72B |
| Lease obligations | R$276.5M | R$468.1M | R$451.5M | R$233.1M | R$523.3M | R$474.6M | R$534.1M | R$568.7M | R$561.6M | R$552.5M |
| Other long-term liabilities | R$12.24B | R$9.94B | R$6.29B | R$6.50B | R$7.25B | R$7.50B | R$0 | R$7.57B | R$6.91B | R$6.31B |
| Total liabilities | R$63.84B | R$44.04B | R$31.61B | R$29.87B | R$28.23B | R$27.62B | R$6.17B | R$24.01B | R$22.03B | R$21.33B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | R$21.20B | R$15.00B | R$15.00B | R$15.00B | R$15.00B | R$15.00B | R$3.73B | R$15.00B | R$10.00B | R$10.00B |
| Retained earnings (deficit) | R$21.55B | R$21.65B | R$14.71B | R$76.9M | R$9.89B | R$8.19B | R$7.55B | R$5.10B | R$8.05B | R$6.24B |
| Treasury stock | — | — | — | — | — | — | R$0 | R$0 | R$0 | R$0 |
| Accumulated other comprehensive income | R$21.66B | R$280.3M | R$14.86B | R$12.33B | R$9.93B | R$7.79B | R$1.65B | R$4.55B | R$7.51B | R$5.42B |
| Minority interest | — | — | — | — | — | — | R$0 | R$0 | R$0 | R$0 |
| Total shareholders' equity | R$42.38B | R$36.93B | R$29.86B | R$27.33B | R$24.93B | R$22.79B | R$5.38B | R$19.55B | R$17.51B | R$15.42B |
| Key figures | ||||||||||
| Total debt | R$39.99B | R$25.26B | R$19.54B | R$18.96B | R$17.72B | R$17.26B | R$3.28B | R$13.15B | R$12.10B | R$11.96B |
| Net cash (debt) | −R$27.62B | −R$19.88B | −R$16.27B | −R$15.41B | −R$14.57B | −R$13.45B | −R$2.71B | −R$10.12B | −R$9.82B | −R$10.08B |
| Working capital | R$2.00B | −R$1.36B | −R$624.4M | R$627.3M | R$1.41B | R$540.7M | −R$387.1M | R$203.6M | −R$197.8M | −R$478.9M |
| Tangible book value | −R$8.09B | −R$7.72B | −R$14.04B | −R$11.99B | −R$11.57B | −R$11.61B | −R$2.66B | −R$9.46B | −R$15.95B | −R$15.83B |
| Shares outstanding | 3.42B | 3.42B | 3.42B | 3.42B | 3.42B | 3.42B | 3.42B | 3.42B | 3.42B | 3.42B |
| Current ratio | 1.12 | 0.89 | 0.93 | 1.09 | 1.28 | 1.09 | 0.76 | 1.04 | 0.96 | 0.89 |
| Quick ratio | 1.11 | 0.87 | 0.90 | 1.06 | 1.24 | 1.05 | 0.75 | 1.02 | 0.94 | 0.87 |
| Debt / equity | 0.94 | 0.68 | 0.65 | 0.69 | 0.71 | 0.76 | 0.61 | 0.67 | 0.69 | 0.78 |
| Equity / assets | 39.9% | 45.6% | 48.6% | 47.8% | 46.9% | 45.2% | 46.6% | 44.9% | 44.3% | 42.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | R$17.44B | R$18.96B | R$12.37B | R$11.65B | R$7.93B | R$5.38B | R$679.2M | R$5.15B | R$1.25B | R$3.32B | R$605.2M |
| Cash & equivalents | R$4.26B | R$3.51B | R$4.67B | R$4.97B | R$4.56B | R$1.68B | R$444.9M | R$2.81B | R$412.6M | R$893.4M | R$329.1M |
| Short-term investments | R$13.18B | R$15.45B | R$7.70B | R$6.68B | R$3.36B | R$3.70B | R$234.3M | R$2.34B | R$833.6M | R$2.43B | R$276.0M |
| Receivables | R$5.95B | R$6.31B | R$5.98B | R$4.48B | R$5.13B | R$5.01B | R$753.3M | R$4.22B | R$836.1M | R$4.34B | R$777.1M |
| Inventory | R$73.9M | R$124.2M | R$22.1M | R$28.8M | R$24.7M | R$10.8M | R$18.0M | R$115.9M | R$24.4M | R$86.0M | R$24.1M |
| Other current assets | R$391.6M | R$232.4M | R$168.7M | R$0 | R$153.4M | R$200.8M | R$49.7M | R$279.0M | R$14.9M | R$37.0M | R$16.3M |
| Total current assets | R$23.86B | R$25.63B | R$18.55B | R$12.56B | R$13.23B | R$10.61B | R$1.50B | R$9.76B | R$2.12B | R$7.78B | R$1.42B |
| Property, plant & equipment (net) | R$1.14B | R$1.11B | R$890.3M | R$669.0M | R$640.0M | R$686.3M | R$94.7M | R$498.4M | R$96.8M | R$474.6M | R$83.6M |
| Goodwill & intangible assets | R$50.24B | R$50.62B | R$50.47B | R$45.96B | R$45.26B | R$44.65B | R$7.82B | R$44.63B | R$9.11B | R$43.89B | R$8.38B |
| Long-term investments | R$23.12B | R$22.56B | R$21.92B | R$19.58B | R$19.09B | R$18.59B | R$17.22B | R$192.7M | R$170.5M | R$161.9M | R$156.4M |
| Other non-current assets | R$21.06B | R$17.75B | R$14.39B | R$17.22B | R$10.49B | R$6.44B | R$0 | R$9.52B | R$1.76B | R$10.47B | R$1.76B |
| Total assets | R$119.42B | R$117.67B | R$106.22B | R$95.99B | R$88.72B | R$80.97B | R$14.29B | R$64.61B | R$13.26B | R$62.78B | R$11.80B |
| Liabilities | |||||||||||
| Accounts payable | R$2.66B | R$861.4M | R$2.40B | R$1.53B | R$1.22B | R$766.6M | R$49.4M | R$499.6M | R$98.0M | R$456.2M | R$103.5M |
| Short-term debt | R$4.95B | R$4.62B | R$4.96B | R$5.78B | R$3.32B | R$3.13B | R$479.5M | R$2.62B | R$538.1M | R$2.62B | R$526.1M |
| Deferred revenue | R$36.8M | — | — | — | R$267.2M | — | R$6,427 | R$19.5M | R$4.2M | R$22.0M | R$5.3M |
| Total current liabilities | R$16.22B | R$14.74B | R$16.54B | R$14.53B | R$10.46B | R$11.97B | R$1.32B | R$7.08B | R$1.73B | R$8.41B | R$1.43B |
| Long-term debt | R$46.37B | R$46.65B | R$35.05B | R$29.14B | R$27.96B | R$22.12B | R$21.22B | R$19.06B | R$19.31B | R$16.59B | R$16.35B |
| Lease obligations | — | R$266.7M | R$276.5M | R$423.8M | R$434.7M | R$468.1M | — | R$496.4M | — | R$451.5M | — |
| Other long-term liabilities | R$11.59B | R$12.99B | R$12.24B | R$9.60B | R$9.85B | R$9.94B | R$0 | R$6.67B | R$0 | R$7.93B | R$0 |
| Total liabilities | R$74.18B | R$74.38B | R$63.84B | R$53.28B | R$48.28B | R$44.04B | R$7.33B | R$32.81B | R$7.13B | R$32.93B | R$5.89B |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | R$21.35B | R$21.12B | R$21.20B | R$18.40B | R$18.40B | R$15.00B | R$2.75B | R$15.00B | R$3.00B | R$15.00B | R$3.00B |
| Retained earnings (deficit) | R$2.70B | R$1.25B | R$21.55B | R$18.25B | R$3.62B | R$21.65B | R$8.14B | R$2.03B | R$164.5M | R$14.71B | R$467.0M |
| Accumulated other comprehensive income | R$21.53B | R$21.27B | R$21.66B | R$6.06B | R$18.43B | R$21.93B | R$4.21B | R$14.76B | R$2.97B | R$14.86B | R$2.45B |
| Minority interest | R$136.5M | R$123.1M | — | — | — | — | — | — | — | — | — |
| Total shareholders' equity | R$45.10B | R$43.16B | R$42.38B | R$42.71B | R$40.44B | R$36.93B | R$6.96B | R$31.80B | R$6.13B | R$29.86B | R$5.91B |
| Key figures | |||||||||||
| Total debt | R$51.25B | R$50.82B | R$39.99B | R$34.93B | R$31.28B | R$25.26B | R$4.38B | R$22.27B | R$4.40B | R$19.51B | R$3.79B |
| Net cash (debt) | −R$33.80B | −R$31.85B | −R$27.62B | −R$23.28B | −R$23.36B | −R$19.88B | −R$3.70B | −R$17.12B | −R$3.15B | −R$16.19B | −R$3.19B |
| Working capital | R$7.64B | R$10.89B | R$2.00B | −R$1.98B | R$2.77B | −R$1.36B | R$182.9M | R$2.68B | R$392.0M | −R$624.4M | −R$2.5M |
| Tangible book value | −R$5.14B | −R$7.45B | −R$8.09B | −R$3.25B | −R$4.82B | −R$7.72B | −R$862.8M | −R$12.83B | −R$2.98B | −R$14.04B | −R$2.46B |
| Shares outstanding | 3.52B | 3.52B | 3.42B | 3.42B | 3.42B | 683.5M | 3.42B | 3.42B | 3.42B | 683.5M | 3.42B |
| Current ratio | 1.47 | 1.74 | 1.12 | 0.86 | 1.26 | 0.89 | 1.14 | 1.38 | 1.23 | 0.93 | 1.00 |
| Quick ratio | 1.44 | 1.71 | 1.11 | 1.11 | 1.25 | 0.87 | 1.09 | 1.32 | 1.20 | 0.91 | 0.97 |
| Debt / equity | 1.14 | 1.18 | 0.94 | 0.82 | 0.77 | 0.68 | 0.63 | 0.70 | 0.72 | 0.65 | 0.64 |
| Equity / assets | 37.8% | 36.7% | 39.9% | 44.5% | 45.6% | 45.6% | 48.7% | 49.2% | 46.2% | 47.6% | 50.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in Brazilian reais as reported (latest annual report filed April 29, 2026); data from EODHD.
SBS financial position
At the end of fiscal 2025 (December 31, 2025), Companhia de Saneamento Básico do Estado de São Paulo - SABESP had total assets of R$106.2 billion (up 31.2% from a year earlier), total liabilities of R$63.8 billion and shareholders' equity of R$42.4 billion. It held R$12.4 billion in cash and short-term investments against R$40.0 billion of debt, net debt of R$27.6 billion. Its current ratio was 1.12. In the latest quarter (ended June 30, 2026) total assets were R$119.4 billion and equity R$45.1 billion.
Related: SBS income statement, SBS cash flow statement, SBS key metrics. See the SBS stock overview for the latest quote and news.
SBS balance sheet FAQ
What are Companhia de Saneamento Básico do Estado de São Paulo - SABESP's total assets?
Companhia de Saneamento Básico do Estado de São Paulo - SABESP reported total assets of R$106.2 billion at the end of fiscal 2025 (December 31, 2025), compared with R$81.0 billion a year earlier.
How much debt does Companhia de Saneamento Básico do Estado de São Paulo - SABESP have?
Companhia de Saneamento Básico do Estado de São Paulo - SABESP had R$40.0 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.94.
How much cash does Companhia de Saneamento Básico do Estado de São Paulo - SABESP have?
Companhia de Saneamento Básico do Estado de São Paulo - SABESP held R$12.4 billion in cash and short-term investments at the end of fiscal 2025; with R$40.0 billion of debt that is net debt of R$27.6 billion.
What is Companhia de Saneamento Básico do Estado de São Paulo - SABESP's book value?
Companhia de Saneamento Básico do Estado de São Paulo - SABESP's shareholders' equity (book value) was R$42.4 billion at the end of fiscal 2025.
What is Companhia de Saneamento Básico do Estado de São Paulo - SABESP's current ratio?
Companhia de Saneamento Básico do Estado de São Paulo - SABESP had current assets of R$18.5 billion and current liabilities of R$16.5 billion, a current ratio of 1.12 (it can cover its short-term obligations).
How much goodwill does Companhia de Saneamento Básico do Estado de São Paulo - SABESP have?
Companhia de Saneamento Básico do Estado de São Paulo - SABESP carried R$50.5 billion of goodwill and intangible assets, 47.5% of total assets, at the end of fiscal 2025.