Sociedad Química y Minera de Chile S.A. (SQM) Balance Sheet
SQM balance sheet, 2025
December 31, 2025 · U.S. dollars$14.52B assets = $6.46B liabilities + $8.06B equity
Both columns are drawn to the same scale: what SQM owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SQM financial health
Descriptive bands, not a rating. Fiscal 2025.
SQM balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $4.22B2016 | $14.52B2025 | +14.7%/yr | |
| Total liabilities | $1.91B2016 | $6.46B2025 | +14.5%/yr | |
| Shareholders’ equity | $2.25B2016 | $5.70B2025 | +10.9%/yr | |
| Cash & short-term investments | $798.8M2016 | $2.73B2025 | +14.6%/yr | |
| Total debt | $1.22B2016 | $4.82B2025 | +16.5%/yr | |
| Net cash (debt) | −$421.1M2016 | −$2.09B2025 | −$1.7B | |
| Working capital | $1.75B2016 | $4.01B2025 | +$2.3B | |
| Book value per share | $8.472016 | $19.942025 | +10.0%/yr | |
| Current ratio | 4.022016 | 3.272025 | −0.76 | |
| Debt / equity | 0.542016 | 0.852025 | +0.30 | |
| Shares outstanding | 265.1M2016 | 285.6M2025 | +0.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SQM assets
SQM liabilities and equity
SQM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SQM balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $2.73B | $2.44B | $2.36B | $3.61B | $2.42B | $854.6M | $1.07B | $847.9M | $991.4M | $798.8M |
| Cash & equivalents | $1.75B | $1.38B | $1.04B | $2.66B | $1.52B | $509.1M | $588.5M | $556.1M | $630.4M | $514.7M |
| Short-term investments | $977.4M | $1.06B | $1.32B | $950.2M | $905.2M | $345.5M | $485.7M | $291.8M | $360.9M | $284.2M |
| Receivables | $1.14B | $1.35B | $845.8M | $1.48B | $691.1M | $584.8M | $571.6M | $593.1M | $543.7M | $444.4M |
| Inventory | $1.80B | $1.70B | $1.77B | $1.78B | $1.18B | $1.09B | $983.3M | $913.7M | $902.1M | $993.1M |
| Other current assets | $110.9M | $83.6M | $887.5M | $117.6M | $291.0M | $36.8M | $53.0M | $44.9M | $29.1M | $98.8M |
| Total current assets | $5.78B | $5.58B | $5.87B | $6.99B | $4.59B | $2.57B | $2.68B | $2.40B | $2.47B | $2.34B |
| Property, plant & equipment (net) | $4.91B | $4.65B | $3.68B | $2.93B | $2.21B | $1.92B | $1.79B | $1.64B | $1.44B | $1.53B |
| Goodwill & intangible assets | $2.56B | $35.8M | $156.8M | $26.4M | $64.7M | $70.3M | $58.2M | $66.2M | $167.8M | $170.4M |
| Long-term investments | $687.8M | $643.6M | $318.7M | $63.9M | $0 | $100.6M | $114.3M | $115.3M | $180.4M | $140.1M |
| Other non-current assets | $573.8M | $586.9M | $1.68B | $808.7M | $315.0M | $160.8M | $38.9M | $49.2M | $44.5M | $40.4M |
| Total assets | $14.52B | $11.50B | $11.71B | $10.82B | $7.18B | $4.82B | $4.68B | $4.27B | $4.30B | $4.22B |
| Liabilities | ||||||||||
| Accounts payable | $372.2M | $448.2M | $441.8M | $358.7M | $279.1M | $203.3M | $205.4M | $163.4M | $195.9M | $200.2M |
| Short-term debt | $515.5M | $1.18B | $1.27B | $486.6M | $48.4M | $42.4M | $288.5M | $15.4M | $177.1M | $160.2M |
| Deferred revenue | $71.4M | $26.9M | $9.8M | $34.0M | $639.1M | $6.4M | $3.0M | $18.6M | $5.3M | $6.5M |
| Total current liabilities | $1.77B | $2.22B | $2.35B | $3.05B | $991.7M | $475.9M | $776.8M | $555.7M | $748.0M | $580.3M |
| Long-term debt | $4.27B | $3.64B | $3.26B | $2.42B | $2.56B | $1.91B | $1.50B | $1.32B | $1.03B | $1.06B |
| Lease obligations | $73.0M | $83.8M | $75.2M | $61.7M | $54.2M | $31.1M | $37.9M | — | — | — |
| Other long-term liabilities | $416.2M | $438.7M | $525.6M | $411.5M | $411.2M | $268.5M | $270.4M | $256.3M | $269.2M | $271.3M |
| Total liabilities | $6.46B | $6.30B | $6.14B | $5.89B | $3.96B | $2.66B | $2.55B | $2.13B | $2.05B | $1.91B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.58B | $1.58B | $1.58B | $1.58B | $1.58B | $477.4M | $477.4M | $477.4M | $477.4M | $477.4M |
| Retained earnings (deficit) | $4.04B | $3.62B | $3.84B | $3.35B | $1.65B | $1.64B | $1.62B | $1.62B | $1.72B | $1.78B |
| Accumulated other comprehensive income | $81.4M | −$37.4M | $114.9M | −$31.1M | −$44.2M | $7.4M | −$14.2M | −$15.0M | −$14.3M | −$12.9M |
| Minority interest | $2.36B | $37.2M | $36.2M | $35.4M | — | — | — | — | — | — |
| Total shareholders' equity | $5.70B | $5.16B | $5.53B | $4.90B | $3.18B | $2.12B | $2.09B | $2.09B | $2.25B | $2.25B |
| Key figures | ||||||||||
| Total debt | $4.82B | $4.82B | $4.55B | $2.91B | $2.61B | $1.95B | $1.79B | $1.33B | $1.21B | $1.22B |
| Net cash (debt) | −$2.09B | −$2.38B | −$2.19B | $694.8M | −$189.5M | −$1.10B | −$716.7M | −$485.9M | −$217.2M | −$421.1M |
| Working capital | $4.01B | $3.36B | $3.52B | $3.94B | $3.59B | $2.09B | $1.91B | $1.84B | $1.72B | $1.75B |
| Tangible book value | $3.14B | $5.13B | $5.37B | $4.87B | $3.12B | $2.05B | $2.03B | $2.02B | $2.08B | $2.08B |
| Book value per share | $19.94 | $18.12 | $19.36 | $17.14 | $11.14 | $7.95 | $7.81 | $7.87 | $8.48 | $8.47 |
| Shares outstanding | 285.6M | 284.8M | 285.6M | 285.6M | 285.6M | 267.1M | 267.1M | 265.1M | 265.1M | 265.1M |
| Current ratio | 3.27 | 2.51 | 2.50 | 2.29 | 4.62 | 5.40 | 3.45 | 4.32 | 3.30 | 4.02 |
| Quick ratio | 2.19 | 1.71 | 1.36 | 1.67 | 3.14 | 3.02 | 2.12 | 2.59 | 2.05 | 2.14 |
| Debt / equity | 0.85 | 0.93 | 0.82 | 0.59 | 0.82 | 0.92 | 0.86 | 0.64 | 0.54 | 0.54 |
| Equity / assets | 39.2% | 44.9% | 47.2% | 45.3% | 44.3% | 44.1% | 44.5% | 48.9% | 52.3% | 53.2% |
| 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 | $4.33B | $3.87B | $2.72B | $2.39B | $2.23B | $2.35B | $2.44B | $2.55B | $2.12B | $2.25B | $2.37B | $2.77B |
| Cash & equivalents | $3.36B | $2.83B | $1.75B | $1.49B | $1.57B | $1.66B | $1.38B | $1.57B | $1.03B | $1.32B | $1.04B | $1.19B |
| Short-term investments | $971.9M | $1.04B | $970.4M | $894.5M | $665.5M | $697.6M | $1.06B | $987.5M | $1.09B | $939.1M | $1.33B | $1.59B |
| Receivables | $1.29B | $1.07B | $1.18B | $1.17B | $1.27B | $1.31B | −$15,000 | $584.6M | $644.0M | $826.7M | $827.4M | $1.28B |
| Inventory | $1.89B | $1.88B | $1.80B | $1.84B | $1.85B | $1.79B | $1.70B | $1.69B | $1.71B | $1.76B | $1.77B | $1.87B |
| Other current assets | $115.9M | $151.2M | $79.2M | $121.5M | $137.4M | $142.5M | $1.44B | $785.5M | $752.4M | $803.5M | $896.9M | $316.1M |
| Total current assets | $7.63B | $6.98B | $5.78B | $5.52B | $5.49B | $5.60B | $5.58B | $5.61B | $5.23B | $5.64B | $5.87B | $6.24B |
| Property, plant & equipment (net) | $5.06B | $4.92B | $5.04B | $4.91B | $4.74B | $4.55B | $4.65B | $4.38B | $4.20B | $3.93B | $3.68B | $3.46B |
| Goodwill & intangible assets | $2.54B | $2.55B | $2.42B | $30.3M | $31.5M | $33.8M | $35.8M | $30.2M | $30.2M | $20.8M | $79.4M | $158.7M |
| Long-term investments | $733.3M | $723.5M | $687.8M | $695.5M | $680.5M | $643.7M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $614.4M | $612.5M | $572.9M | $566.7M | $586.4M | $665.9M | $1.23B | $1.28B | $1.32B | $995.1M | $2.08B | $1.12B |
| Total assets | $16.58B | $15.78B | $14.50B | $11.73B | $11.52B | $11.49B | $11.50B | $11.29B | $10.77B | $10.59B | $11.71B | $10.98B |
| Liabilities | ||||||||||||
| Accounts payable | $374.9M | $325.8M | $371.9M | $359.6M | $358.6M | $376.6M | $448.2M | $374.4M | $350.3M | $321.5M | $441.8M | $356.0M |
| Short-term debt | $455.1M | $354.1M | $458.7M | $901.5M | $910.1M | $910.8M | $1.18B | $1.02B | $1.52B | $1.50B | $1.27B | $1.16B |
| Deferred revenue | $42.5M | $14.7M | $14.7M | $70.2M | $52.2M | $44.3M | — | $42.2M | $43.3M | $19.4M | $9.8M | $29.1M |
| Total current liabilities | $2.93B | $2.53B | $1.77B | $1.96B | $1.88B | $1.94B | $2.22B | $1.91B | $2.39B | $2.41B | $2.35B | $2.73B |
| Long-term debt | $4.79B | $4.79B | $4.27B | $3.81B | $3.83B | $3.81B | $3.64B | $3.84B | $2.93B | $2.91B | $3.21B | $2.45B |
| Lease obligations | $97.9M | — | $73.0M | $75.4M | $81.3M | $81.2M | $83.8M | $78.9M | $65.8M | $69.8M | $75.2M | $72.1M |
| Other long-term liabilities | $220.4M | $247.4M | $412.7M | $431.5M | $422.6M | $438.0M | $438.7M | $420.8M | $476.3M | $583.2M | $582.5M | $506.0M |
| Total liabilities | $7.94B | $7.56B | $6.45B | $6.19B | $6.13B | $6.19B | $6.30B | $6.17B | $5.80B | $5.90B | $6.14B | $5.69B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.57B | $1.58B | $1.58B | $1.58B | $1.58B | $1.58B | $1.58B | $1.58B | $1.58B | $1.58B | $1.58B | $1.58B |
| Retained earnings (deficit) | $4.61B | $4.17B | $4.03B | $3.90B | $3.78B | $3.72B | $3.62B | $3.50B | $3.37B | $2.97B | $3.84B | $3.70B |
| Accumulated other comprehensive income | $101.1M | $104.5M | $81.3M | $10.3M | −$2.5M | −$41.0M | — | $6.3M | −$9.8M | $105.2M | $114.9M | −$27.9M |
| Minority interest | $2.37B | $2.36B | $2.36B | $40.3M | $39.7M | — | — | — | — | — | — | — |
| Total shareholders' equity | $6.29B | $5.85B | $5.69B | $5.49B | $5.35B | $5.25B | $5.16B | $5.08B | $4.94B | $4.65B | $5.53B | $5.25B |
| Key figures | ||||||||||||
| Total debt | $5.29B | $5.21B | $4.73B | $4.71B | $4.74B | $4.72B | $4.82B | $4.85B | $4.50B | $4.46B | $4.55B | $3.70B |
| Net cash (debt) | −$957.7M | −$1.34B | −$2.01B | −$2.32B | −$2.51B | −$2.37B | −$2.38B | −$2.30B | −$2.38B | −$2.21B | −$2.18B | −$922.3M |
| Working capital | $4.70B | $4.45B | $4.01B | $3.57B | $3.61B | $3.65B | $3.36B | $3.70B | $2.84B | $3.24B | $3.52B | $3.50B |
| Tangible book value | $3.74B | $3.30B | $3.27B | $5.46B | $5.32B | $5.22B | $5.13B | $5.05B | $4.91B | $4.63B | $5.45B | $5.09B |
| Book value per share | $22.00 | $20.54 | $19.92 | $19.22 | $18.75 | $18.39 | $18.05 | $17.80 | $17.28 | $16.28 | $19.36 | $18.38 |
| Shares outstanding | 285.6M | 284.9M | 285.6M | 285.7M | 285.6M | 285.6M | 286.0M | 285.6M | 285.6M | 285.6M | 285.6M | 285.6M |
| Current ratio | 2.61 | 2.76 | 3.27 | 2.82 | 2.92 | 2.88 | 2.51 | 2.94 | 2.19 | 2.34 | 2.50 | 2.28 |
| Quick ratio | 1.92 | 1.95 | 2.20 | 1.82 | 1.86 | 1.89 | 1.10 | 1.64 | 1.16 | 1.28 | 1.36 | 1.48 |
| Debt / equity | 0.84 | 0.89 | 0.83 | 0.86 | 0.88 | 0.90 | 0.93 | 0.95 | 0.91 | 0.96 | 0.82 | 0.70 |
| Equity / assets | 37.9% | 37.1% | 39.2% | 46.8% | 46.5% | 45.7% | 44.9% | 45.0% | 45.8% | 43.9% | 47.2% | 47.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 22, 2026); data from EODHD.
SQM financial position
At the end of fiscal 2025 (December 31, 2025), Sociedad Química y Minera de Chile had total assets of $14.5 billion (up 26.3% from a year earlier), total liabilities of $6.5 billion and shareholders' equity of $5.7 billion. It held $2.7 billion in cash and short-term investments against $4.8 billion of debt, net debt of $2.1 billion. Its current ratio was 3.27. In the latest quarter (ended June 30, 2026) total assets were $16.6 billion and equity $6.3 billion.
Related: SQM income statement, SQM cash flow statement, SQM key metrics. See the SQM stock overview for the latest quote and news.
SQM balance sheet FAQ
What are Sociedad Química y Minera de Chile's total assets?
Sociedad Química y Minera de Chile reported total assets of $14.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $11.5 billion a year earlier.
How much debt does Sociedad Química y Minera de Chile have?
Sociedad Química y Minera de Chile had $4.8 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.85.
How much cash does Sociedad Química y Minera de Chile have?
Sociedad Química y Minera de Chile held $2.7 billion in cash and short-term investments at the end of fiscal 2025; with $4.8 billion of debt that is net debt of $2.1 billion.
What is Sociedad Química y Minera de Chile's book value?
Sociedad Química y Minera de Chile's shareholders' equity (book value) was $5.7 billion at the end of fiscal 2025, or $19.94 per share.
What is Sociedad Química y Minera de Chile's current ratio?
Sociedad Química y Minera de Chile had current assets of $5.8 billion and current liabilities of $1.8 billion, a current ratio of 3.27 (it can cover its short-term obligations).
How much goodwill does Sociedad Química y Minera de Chile have?
Sociedad Química y Minera de Chile carried $2.6 billion of goodwill and intangible assets, 17.6% of total assets, at the end of fiscal 2025.