Starbucks Corporation (SBUX) Balance Sheet
SBUX balance sheet, FY2025
September 30, 2025 · U.S. dollars$32.02B assets = $40.11B liabilities + −$8.09B equity
Liabilities exceed assets: shareholders’ equity is negative (−$8.09B).
Both columns are drawn to the same scale: what SBUX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SBUX financial health
Descriptive bands, not a rating. Fiscal FY2025.
SBUX balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $14.33BFY2016 | $32.02BFY2025 | +9.3%/yr | |
| Total liabilities | $8.44BFY2016 | $40.11BFY2025 | +18.9%/yr | |
| Shareholders’ equity | $5.88BFY2016 | −$8.10BFY2025 | — | |
| Cash & short-term investments | $2.26BFY2016 | $3.47BFY2025 | +4.9%/yr | |
| Total debt | $3.60BFY2016 | $26.61BFY2025 | +24.9%/yr | |
| Net cash (debt) | −$1.34BFY2016 | −$23.14BFY2025 | −$21.8B | |
| Working capital | $213.6MFY2016 | −$2.83BFY2025 | −$3.0B | |
| Book value per share | $3.96FY2016 | −$7.10FY2025 | — | |
| Current ratio | 1.05FY2016 | 0.72FY2025 | −0.32 | |
| Debt / equity | 0.61FY2016 | 8.07FY2018 | +7.46 | |
| Shares outstanding | 1.49BFY2016 | 1.14BFY2025 | −2.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SBUX assets
SBUX liabilities and equity
SBUX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SBUX balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $3.47B | $3.54B | $3.95B | $3.18B | $6.62B | $4.63B | $2.76B | $8.94B | $2.69B | $2.26B |
| Cash & equivalents | $3.22B | $3.29B | $3.55B | $2.82B | $6.46B | $4.35B | $2.69B | $8.76B | $2.46B | $2.13B |
| Short-term investments | $247.2M | $257.0M | $401.5M | $364.5M | $162.2M | $281.2M | $70.5M | $181.5M | $228.6M | $134.4M |
| Receivables | $1.28B | $1.21B | $1.18B | $1.18B | $1.13B | $1.40B | $879.2M | $693.1M | $870.4M | $768.8M |
| Inventory | $2.19B | $1.78B | $1.81B | $2.18B | $1.60B | $1.55B | $1.53B | $1.40B | $1.36B | $1.38B |
| Other current assets | $452.2M | $313.1M | $359.9M | $483.7M | $401.5M | $227.5M | $488.2M | $1.46B | $358.1M | $350.0M |
| Total current assets | $7.38B | $6.85B | $7.30B | $7.02B | $9.76B | $7.81B | $5.65B | $12.49B | $5.28B | $4.76B |
| Property, plant & equipment (net) | $17.81B | $17.95B | $15.80B | $14.58B | $14.61B | $14.38B | $6.43B | $5.93B | $4.92B | $4.53B |
| Goodwill & intangible assets | $3.54B | $3.42B | $3.34B | $3.44B | $4.03B | $4.15B | $4.27B | $4.58B | $1.98B | $2.24B |
| Long-term investments | $713.1M | $739.9M | $687.3M | $590.3M | $550.2M | $206.1M | $220.0M | $602.4M | $1.02B | $1.50B |
| Other non-current assets | $2.58B | $2.38B | $2.32B | $2.35B | $2.45B | $2.84B | $2.64B | $546.9M | $1.16B | $1.30B |
| Total assets | $32.02B | $31.34B | $29.45B | $27.98B | $31.39B | $29.37B | $19.22B | $24.16B | $14.37B | $14.33B |
| Liabilities | ||||||||||
| Accounts payable | $1.85B | $1.60B | $1.54B | $1.44B | $1.21B | $997.9M | $1.19B | $1.18B | $782.5M | $730.6M |
| Short-term debt | $3.06B | $2.71B | $3.13B | $3.17B | $2.25B | $2.94B | $5.2M | $349.9M | $226.6M | $399.9M |
| Deferred revenue | $1.84B | $1.78B | $1.70B | $1.64B | $1.60B | $1.46B | $1.27B | $1.64B | $1.29B | $1.17B |
| Total current liabilities | $10.21B | $9.07B | $9.35B | $9.15B | $8.15B | $7.35B | $6.17B | $5.68B | $4.22B | $4.55B |
| Long-term debt | $14.58B | $14.32B | $13.55B | $13.12B | $13.62B | $14.66B | $11.17B | $9.09B | $3.93B | $3.20B |
| Lease obligations | $10.54B | $10.23B | $9.20B | $8.76B | $8.99B | $8.91B | — | — | — | — |
| Other long-term liabilities | $15.32B | $15.39B | $14.54B | $14.41B | $14.94B | $15.17B | $8.11B | $8.21B | $755.3M | $689.7M |
| Total liabilities | $40.11B | $38.78B | $37.43B | $36.68B | $36.71B | $37.17B | $25.45B | $22.98B | $8.91B | $8.44B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.1M | $1.1M | $1.1M | $1.1M | $1.2M | $1.2M | $1.2M | $42.4M | $42.5M | $42.6M |
| Retained earnings (deficit) | −$8.27B | −$7.34B | −$7.26B | −$8.45B | −$6.32B | −$7.82B | −$5.77B | $1.46B | $5.56B | $5.95B |
| Treasury stock | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Accumulated other comprehensive income | −$459.3M | −$428.8M | −$778.2M | −$463.2M | $147.2M | −$364.6M | −$503.3M | −$330.3M | −$155.6M | −$108.4M |
| Minority interest | $7.4M | $7.3M | $7.0M | $7.9M | $6.7M | $5.7M | $1.2M | $6.3M | $6.9M | $6.7M |
| Total shareholders' equity | −$8.10B | −$7.45B | −$7.99B | −$8.71B | −$5.32B | −$7.81B | −$6.23B | $1.17B | $5.46B | $5.88B |
| Key figures | ||||||||||
| Total debt | $26.61B | $25.80B | $24.60B | $23.80B | $23.61B | $25.26B | $11.17B | $9.44B | $4.16B | $3.60B |
| Net cash (debt) | −$23.14B | −$22.26B | −$20.65B | −$20.62B | −$16.99B | −$20.63B | −$8.42B | −$502.3M | −$1.47B | −$1.34B |
| Working capital | −$2.83B | −$2.22B | −$2.04B | −$2.13B | $1.60B | $459.6M | −$514.8M | $6.81B | $1.06B | $213.6M |
| Tangible book value | −$11.63B | −$10.87B | −$11.33B | −$12.15B | −$9.35B | −$11.95B | −$10.50B | −$3.41B | $3.48B | $3.65B |
| Book value per share | −$7.10 | −$6.55 | −$6.94 | −$7.52 | −$4.49 | −$6.60 | −$5.05 | $0.84 | $3.73 | $3.96 |
| Shares outstanding | 1.14B | 1.14B | 1.15B | 1.16B | 1.19B | 1.18B | 1.23B | 1.39B | 1.46B | 1.49B |
| Current ratio | 0.72 | 0.75 | 0.78 | 0.77 | 1.20 | 1.06 | 0.92 | 2.20 | 1.25 | 1.05 |
| Quick ratio | 0.46 | 0.52 | 0.55 | 0.48 | 0.95 | 0.82 | 0.59 | 1.69 | 0.84 | 0.67 |
| Debt / equity | — | — | — | — | — | — | — | 8.07 | 0.76 | 0.61 |
| Equity / assets | −25.3% | −23.8% | −27.2% | −31.1% | −17.0% | −26.6% | −32.4% | 4.8% | 38.0% | 41.1% |
| 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 | $3.61B | $1.70B | $3.60B | $3.47B | $4.51B | $3.01B | $3.96B | $3.54B | $3.39B | $3.13B | $3.38B | $3.95B |
| Cash & equivalents | $3.45B | $1.53B | $3.41B | $3.22B | $4.17B | $2.67B | $3.67B | $3.29B | $3.18B | $2.76B | $3.00B | $3.55B |
| Short-term investments | $160.5M | $168.3M | $184.9M | $247.2M | $333.3M | $340.2M | $285.8M | $257.0M | $212.3M | $362.5M | $383.0M | $401.5M |
| Receivables | $1.30B | $1.29B | $1.22B | $1.28B | $1.24B | $1.15B | $1.24B | $1.21B | $1.15B | $1.11B | $1.17B | $1.18B |
| Inventory | $2.21B | $2.16B | $2.11B | $2.19B | $2.26B | $2.05B | $1.73B | $1.78B | $1.85B | $1.74B | $1.65B | $1.81B |
| Other current assets | $410.8M | $5.41B | $5.09B | $452.2M | $413.8M | $500.1M | $354.4M | $313.1M | $415.8M | $484.1M | $374.7M | $359.9M |
| Total current assets | $7.53B | $10.56B | $12.02B | $7.38B | $8.42B | $6.71B | $7.28B | $6.85B | $6.81B | $6.46B | $6.57B | $7.30B |
| Property, plant & equipment (net) | $14.97B | $15.38B | $15.63B | $17.81B | $18.48B | $18.29B | $18.04B | $17.95B | $16.89B | $16.50B | $16.25B | $15.80B |
| Goodwill & intangible assets | $1.41B | $1.47B | $1.48B | $3.54B | $3.55B | $3.49B | $3.46B | $3.42B | $3.29B | $3.34B | $3.42B | $3.34B |
| Long-term investments | $2.01B | $789.4M | $720.3M | $713.1M | $717.9M | $689.0M | $676.6M | $739.9M | $730.9M | $720.6M | $640.8M | $687.3M |
| Other non-current assets | $2.36B | $2.36B | $2.38B | $2.58B | $2.48B | $2.45B | $2.43B | $2.38B | $2.40B | $2.33B | $2.30B | $2.32B |
| Total assets | $28.29B | $30.56B | $32.23B | $32.02B | $33.65B | $31.63B | $31.89B | $31.34B | $30.11B | $29.36B | $29.18B | $29.45B |
| Liabilities | ||||||||||||
| Accounts payable | $1.78B | $1.67B | $1.68B | $1.85B | $1.89B | $1.91B | $1.78B | $1.60B | $1.59B | $1.49B | $1.46B | $1.54B |
| Short-term debt | $2.77B | $3.30B | $2.84B | $3.06B | $4.24B | $3.73B | $2.70B | $2.71B | $1.44B | $1.45B | $2.76B | $3.13B |
| Deferred revenue | $1.82B | $1.83B | $2.12B | $1.84B | $1.91B | $1.92B | $2.25B | $1.78B | $1.83B | $1.87B | $2.20B | $1.70B |
| Total current liabilities | $9.92B | $11.45B | $11.49B | $10.21B | $11.14B | $10.43B | $9.73B | $9.07B | $7.65B | $7.53B | $9.40B | $9.35B |
| Long-term debt | $11.78B | $13.08B | $14.58B | $14.58B | $14.57B | $13.32B | $14.31B | $14.32B | $15.55B | $15.55B | $13.56B | $13.55B |
| Lease obligations | $9.16B | $9.31B | $9.39B | $10.54B | $10.57B | $10.44B | $10.31B | $10.23B | $9.72B | $9.59B | $9.45B | $9.20B |
| Other long-term liabilities | $14.26B | $14.48B | $14.54B | $15.32B | $15.61B | $15.50B | $15.32B | $15.39B | $14.85B | $14.73B | $14.83B | $14.54B |
| Total liabilities | $35.96B | $39.02B | $40.61B | $40.11B | $41.33B | $39.25B | $39.36B | $38.78B | $38.05B | $37.81B | $37.79B | $37.43B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M |
| Retained earnings (deficit) | −$8.54B | −$8.88B | −$8.69B | −$8.27B | −$7.70B | −$7.57B | −$7.26B | −$7.34B | −$7.56B | −$7.97B | −$8.10B | −$7.26B |
| Accumulated other comprehensive income | −$47.9M | −$417.3M | −$425.9M | −$459.3M | −$535.2M | −$529.0M | −$583.6M | −$428.8M | −$608.0M | −$621.5M | −$557.8M | −$778.2M |
| Minority interest | $7.2M | $7.4M | $7.4M | $7.4M | $7.4M | — | — | — | — | — | — | — |
| Total shareholders' equity | −$7.67B | −$8.47B | −$8.39B | −$8.10B | −$7.69B | −$7.62B | −$7.47B | −$7.45B | −$7.95B | −$8.45B | −$8.62B | −$7.99B |
| Key figures | ||||||||||||
| Total debt | $22.43B | $24.39B | $33.52B | $26.61B | $27.89B | $26.01B | $25.87B | $25.80B | $25.29B | $25.18B | $24.46B | $24.60B |
| Net cash (debt) | −$18.82B | −$22.69B | −$29.92B | −$23.14B | −$23.38B | −$23.00B | −$21.91B | −$22.26B | −$21.90B | −$22.05B | −$21.08B | −$20.65B |
| Working capital | −$2.38B | −$890.2M | $536.0M | −$2.83B | −$2.72B | −$3.72B | −$2.44B | −$2.22B | −$841.6M | −$1.06B | −$2.83B | −$2.04B |
| Tangible book value | −$9.09B | −$9.94B | −$9.87B | −$11.63B | −$11.24B | −$11.12B | −$10.93B | −$10.87B | −$11.23B | −$11.79B | −$12.03B | −$11.33B |
| Book value per share | −$6.71 | −$7.40 | −$7.35 | −$7.10 | −$6.74 | −$6.69 | −$6.56 | −$6.55 | −$7.00 | −$7.44 | −$7.55 | −$6.96 |
| Shares outstanding | 1.14B | 1.14B | 1.14B | 1.14B | 1.14B | 1.14B | 1.14B | 1.14B | 1.14B | 1.14B | 1.14B | 1.15B |
| Current ratio | 0.76 | 0.92 | 1.05 | 0.72 | 0.76 | 0.64 | 0.75 | 0.75 | 0.89 | 0.86 | 0.70 | 0.78 |
| Quick ratio | 0.50 | 0.26 | 0.42 | 0.46 | 0.52 | 0.40 | 0.53 | 0.52 | 0.59 | 0.56 | 0.48 | 0.55 |
| Equity / assets | −27.1% | −27.7% | −26.0% | −25.3% | −22.8% | −24.1% | −23.4% | −23.8% | −26.4% | −28.8% | −29.5% | −27.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 14, 2025); data from EODHD.
SBUX financial position
At the end of fiscal 2025 (September 30, 2025), Starbucks had total assets of $32.0 billion (up 2.2% from a year earlier), total liabilities of $40.1 billion and shareholders' equity of -$8.1 billion. It held $3.5 billion in cash and short-term investments against $26.6 billion of debt, net debt of $23.1 billion. Its current ratio was 0.72. In the latest quarter (ended June 30, 2026) total assets were $28.3 billion and equity -$7.7 billion.
Related: SBUX income statement, SBUX cash flow statement, SBUX key metrics. See the SBUX stock overview for the latest quote and news.
SBUX balance sheet FAQ
What are Starbucks's total assets?
Starbucks reported total assets of $32.0 billion at the end of fiscal 2025 (September 30, 2025), compared with $31.3 billion a year earlier.
How much debt does Starbucks have?
Starbucks had $26.6 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Starbucks have?
Starbucks held $3.5 billion in cash and short-term investments at the end of fiscal 2025; with $26.6 billion of debt that is net debt of $23.1 billion.
What is Starbucks's book value?
Starbucks's shareholders' equity (book value) was -$8.1 billion at the end of fiscal 2025, or −$7.10 per share.
What is Starbucks's current ratio?
Starbucks had current assets of $7.4 billion and current liabilities of $10.2 billion, a current ratio of 0.72 (current liabilities exceed current assets).
How much goodwill does Starbucks have?
Starbucks carried $3.5 billion of goodwill and intangible assets, 11.0% of total assets, at the end of fiscal 2025.