Solventum Corporation (SOLV) Balance Sheet

NYSE: SOLVAssets, liabilities, debt and equity over 5 years.

SOLV balance sheet, 2025

December 31, 2025 · U.S. dollars

$14.29B assets = $9.24B liabilities + $5.05B equity

Both columns are drawn to the same scale: what SOLV owns equals what it owes plus shareholders’ equity. Hover a block for its value.

SOLV financial health

Current ratio1.23

Adequate · current assets cover current liabilities 1.23×

Debt / equity1.00

Moderate leverage · $1.00 of debt for each $1 of equity

Equity / assets35.3%

Balanced · of assets funded by shareholders

Cash / debt17.4%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles58.0%

Mostly intangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

SOLV balance sheet trends, 2021–2025

Solventum Corporation balance sheet trends
Metric	Then	Latest	Change
Total assets	$14.07B2021	$14.29B2025	+0.4%/yr
Total liabilities	$2.02B2021	$9.24B2025	+46.3%/yr
Shareholders’ equity	$12.06B2021	$5.05B2025	−19.6%/yr
Cash & short-term investments	$91.0M2021	$878.0M2025	+76.2%/yr
Total debt	$112.0M2021	$5.04B2025	+158.9%/yr
Net cash (debt)	−$21.0M2021	−$4.16B2025	−$4.1B
Working capital	$783.0M2021	$723.0M2025	−$60.0M
Book value per share	$69.922021	$28.802025	−19.9%/yr
Current ratio	1.562021	1.232025	−0.33
Debt / equity	0.012021	1.002025	+0.99
Shares outstanding	172.5M2021	175.3M2025	+0.4%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

SOLV assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

SOLV liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

SOLV debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

SOLV balance sheet

Solventum Corporation annual balance sheet
	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	$878.0M	$762.0M	$194.0M	$61.0M	$91.0M
Cash & equivalents	$878.0M	$762.0M	$194.0M	$61.0M	$91.0M
Short-term investments	—	—	$406.0M	—	—
Receivables	$1.03B	$1.23B	$1.31B	$1.17B	$1.18B
Inventory	$1.07B	$965.0M	$857.0M	$873.0M	$813.0M
Other current assets	$881.0M	$293.0M	$155.0M	$126.0M	$108.0M
Total current assets	$3.86B	$3.25B	$2.52B	$2.23B	$2.19B
Property, plant & equipment (net)	$1.33B	$1.62B	$1.46B	$1.32B	$1.31B
Goodwill & intangible assets	$8.30B	$8.92B	$9.44B	$9.69B	$10.33B
Long-term investments	$0	$0	$0	$0	$0
Other non-current assets	$813.0M	$665.0M	$530.0M	$358.0M	$253.0M
Total assets	$14.29B	$14.46B	$13.94B	$13.59B	$14.07B
Liabilities
Accounts payable	$687.0M	$618.0M	$477.0M	$348.0M	$320.0M
Short-term debt	—	$200.0M	$29.0M	$27.0M	$29.0M
Deferred revenue	$621.0M	$572.0M	$574.0M	$559.0M	$574.0M
Total current liabilities	$3.14B	$2.70B	$1.73B	$1.31B	$1.41B
Long-term debt	$5.04B	$7.81B	$8.30B	$0	$0
Other long-term liabilities	$1.07B	$985.0M	$0	$541.0M	$610.0M
Total liabilities	$9.24B	$11.50B	$2.28B	$1.85B	$2.02B
Shareholders' equity
Common stock & paid-in capital	$2.0M	$2.0M	$2.0M	$12.24B	$12.26B
Retained earnings (deficit)	$1.80B	$242.0M	$0	—	—
Accumulated other comprehensive income	−$625.0M	−$1.06B	−$337.0M	−$497.0M	−$200.0M
Total shareholders' equity	$5.05B	$2.96B	$11.67B	$11.74B	$12.06B
Key figures
Total debt	$5.04B	$8.01B	$8.30B	$95.0M	$112.0M
Net cash (debt)	−$4.16B	−$7.25B	−$8.11B	−$34.0M	−$21.0M
Working capital	$723.0M	$546.0M	$791.0M	$920.0M	$783.0M
Tangible book value	−$3.25B	−$5.96B	$2.23B	$2.06B	$1.73B
Book value per share	$28.80	$17.04	$67.55	$68.08	$69.92
Shares outstanding	175.3M	173.7M	172.7M	172.5M	172.5M
Current ratio	1.23	1.20	1.46	1.70	1.56
Quick ratio	0.61	0.74	0.87	0.94	0.90
Debt / equity	1.00	2.71	0.71	0.01	0.01
Equity / assets	35.3%	20.5%	83.7%	86.4%	85.7%

Solventum Corporation quarterly balance sheet
	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	$403.0M	$561.0M	$878.0M	$1.64B	$492.0M	$534.0M	$762.0M	$772.0M	$897.0M	$996.0M	$194.0M	$500.0M
Cash & equivalents	$403.0M	$561.0M	$878.0M	$1.64B	$492.0M	$534.0M	$762.0M	$772.0M	$897.0M	$996.0M	$194.0M	$500.0M
Receivables	$1.43B	$1.06B	$1.03B	$1.02B	$1.25B	$1.11B	$1.23B	$1.10B	$1.32B	$1.22B	$1.31B	$1.15B
Inventory	$1.04B	$1.09B	$1.07B	$1.05B	$962.0M	$866.0M	$965.0M	$953.0M	$899.0M	$901.0M	$857.0M	$849.0M
Other current assets	$866.0M	$874.0M	$881.0M	$697.0M	$499.0M	$542.0M	$293.0M	$524.0M	$250.0M	$242.0M	$155.0M	$154.0M
Total current assets	$3.74B	$3.58B	$3.86B	$4.41B	$3.21B	$3.05B	$3.25B	$3.35B	$3.36B	$3.36B	$2.52B	$2.66B
Property, plant & equipment (net)	$1.56B	$1.54B	$1.33B	$1.34B	$1.31B	$1.20B	$1.62B	$1.60B	$1.54B	$1.49B	$1.46B	$1.37B
Goodwill & intangible assets	$8.03B	$8.12B	$8.30B	$7.48B	$7.58B	$7.36B	$8.92B	$9.24B	$9.17B	$9.28B	$9.44B	$9.38B
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$903.0M	$848.0M	$813.0M	$747.0M	$2.98B	$2.92B	$665.0M	$549.0M	$507.0M	$583.0M	$530.0M	$467.0M
Total assets	$14.24B	$14.10B	$14.29B	$13.97B	$15.07B	$14.53B	$14.46B	$14.74B	$14.58B	$14.71B	$13.94B	$13.87B
Liabilities
Accounts payable	$701.0M	$699.0M	$687.0M	$669.0M	$643.0M	$604.0M	$618.0M	$560.0M	$495.0M	$587.0M	$477.0M	$377.0M
Short-term debt	$506.0M	$505.0M	—	—	—	$100.0M	$200.0M	$300.0M	$611.0M	—	$29.0M	—
Deferred revenue	$596.0M	$613.0M	$621.0M	$576.0M	$557.0M	$558.0M	$572.0M	$563.0M	$505.0M	$566.0M	$574.0M	$522.0M
Total current liabilities	$3.66B	$3.35B	$3.14B	$2.94B	$2.62B	$2.57B	$2.70B	$2.90B	$2.57B	$1.85B	$1.73B	$1.47B
Long-term debt	$4.57B	$4.58B	$5.04B	$5.14B	$7.82B	$7.81B	$7.81B	$7.81B	$8.31B	$8.30B	$8.30B	$8.32B
Lease obligations	$207.0M	$207.0M	—	—	—	—	—	—	—	—	—	—
Other long-term liabilities	$1.21B	$1.21B	$1.07B	$912.0M	$994.0M	$886.0M	$985.0M	$840.0M	$834.0M	$703.0M	$0	$827.0M
Total liabilities	$9.44B	$9.13B	$9.24B	$8.99B	$11.43B	$11.27B	$11.50B	$11.55B	$11.71B	$10.86B	$2.28B	$10.62B
Shareholders' equity
Common stock & paid-in capital	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$4.81B	$2.0M	$7.0M
Retained earnings (deficit)	$1.90B	$1.81B	$1.80B	$1.73B	$468.0M	$378.0M	$242.0M	$211.0M	$89.0M	—	$0	—
Accumulated other comprehensive income	−$669.0M	−$670.0M	−$625.0M	−$604.0M	−$631.0M	−$899.0M	−$1.06B	−$765.0M	−$943.0M	−$958.0M	−$337.0M	−$1.02B
Total shareholders' equity	$4.80B	$4.97B	$5.05B	$4.99B	$3.65B	$3.26B	$2.96B	$3.19B	$2.87B	$3.85B	$11.67B	$3.25B
Key figures
Total debt	$5.29B	$5.08B	$5.04B	$5.14B	$7.82B	$7.91B	$8.01B	$8.11B	$8.31B	$8.30B	$8.30B	$8.32B
Net cash (debt)	−$4.88B	−$4.52B	−$4.16B	−$3.50B	−$7.32B	−$7.38B	−$7.25B	−$7.34B	−$7.41B	−$7.31B	−$8.11B	−$7.83B
Working capital	$78.0M	$237.0M	$723.0M	$1.47B	$588.0M	$487.0M	$546.0M	$450.0M	$792.0M	$1.50B	$791.0M	$1.19B
Tangible book value	−$3.23B	−$3.15B	−$3.25B	−$2.50B	−$3.93B	−$4.09B	−$5.96B	−$6.05B	−$6.30B	−$5.43B	$2.23B	−$6.13B
Book value per share	$27.52	$28.31	$28.80	$28.43	$20.80	$18.66	$16.96	$18.36	$16.52	$22.30	$67.55	$18.82
Shares outstanding	174.4M	175.5M	175.3M	175.4M	175.2M	174.8M	174.5M	173.9M	173.5M	172.7M	172.7M	172.7M
Current ratio	1.02	1.07	1.23	1.50	1.22	1.19	1.20	1.15	1.31	1.81	1.46	1.81
Quick ratio	0.50	0.48	0.61	0.91	0.67	0.64	0.74	0.65	0.86	1.20	0.87	1.12
Debt / equity	1.10	1.02	1.00	1.03	2.14	2.43	2.71	2.54	2.90	2.16	0.71	2.56
Equity / assets	33.7%	35.2%	35.3%	35.7%	24.2%	22.5%	20.5%	21.6%	19.7%	26.2%	83.7%	23.4%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 27, 2026); data from EODHD.

SOLV financial position

At the end of fiscal 2025 (December 31, 2025), Solventum had total assets of $14.3 billion (down 1.1% from a year earlier), total liabilities of $9.2 billion and shareholders' equity of $5.0 billion. It held $878.0 million in cash and short-term investments against $5.0 billion of debt, net debt of $4.2 billion. Its current ratio was 1.23. In the latest quarter (ended June 30, 2026) total assets were $14.2 billion and equity $4.8 billion.

Related: SOLV income statement, SOLV cash flow statement, SOLV key metrics. See the SOLV stock overview for the latest quote and news.

SOLV balance sheet FAQ

What are Solventum's total assets?

Solventum reported total assets of $14.3 billion at the end of fiscal 2025 (December 31, 2025), compared with $14.5 billion a year earlier.

How much debt does Solventum have?

Solventum had $5.0 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 1.00.

How much cash does Solventum have?

Solventum held $878.0 million in cash and short-term investments at the end of fiscal 2025; with $5.0 billion of debt that is net debt of $4.2 billion.

What is Solventum's book value?

Solventum's shareholders' equity (book value) was $5.0 billion at the end of fiscal 2025, or $28.80 per share.

What is Solventum's current ratio?

Solventum had current assets of $3.9 billion and current liabilities of $3.1 billion, a current ratio of 1.23 (it can cover its short-term obligations).

How much goodwill does Solventum have?

Solventum carried $8.3 billion of goodwill and intangible assets, 58.0% of total assets, at the end of fiscal 2025.