Service Properties Trust (SVC) Balance Sheet
SVC balance sheet, 2025
December 31, 2025 · U.S. dollars$6.49B assets = $5.85B liabilities + $646.1M equity
Both columns are drawn to the same scale: what SVC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SVC financial health
Descriptive bands, not a rating. Fiscal 2025.
SVC balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $6.63B2016 | $6.49B2025 | −0.2%/yr | |
| Total liabilities | $3.50B2016 | $5.85B2025 | +5.8%/yr | |
| Shareholders’ equity | $3.13B2016 | $646.1M2025 | −16.1%/yr | |
| Cash & short-term investments | $10.9M2016 | $346.8M2025 | +46.9%/yr | |
| Total debt | $3.16B2016 | $5.48B2025 | +6.3%/yr | |
| Net cash (debt) | −$3.15B2016 | −$5.14B2025 | −$2.0B | |
| Working capital | −$306.0M2016 | $330.4M2025 | +$636.4M | |
| Book value per share | $100.242016 | $19.472025 | −16.6%/yr | |
| Debt / equity | 1.012016 | 8.482025 | +7.47 | |
| Shares outstanding | 31.2M2016 | 33.2M2025 | +0.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SVC assets
SVC liabilities and equity
SVC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SVC balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $346.8M | $143.5M | $180.1M | $38.4M | $944.0M | $73.3M | $27.6M | $26.0M | $24.1M | $10.9M |
| Cash & equivalents | $346.8M | $143.5M | $180.1M | $38.4M | $944.0M | $73.3M | $27.6M | $26.0M | $24.1M | $10.9M |
| Short-term investments | — | — | — | $112.6M | — | — | — | — | — | — |
| Receivables | $241,000 | $3.9M | $63.2M | $35.0M | $48.2M | $55.5M | $68.7M | $94.3M | $81.2M | $67.6M |
| Inventory | $0 | $0 | $1 | $1 | $1 | $194.9M | $1 | $0 | $1 | $0 |
| Other current assets | $0 | $57.0M | $28.2M | $129.0M | $518.9M | $0 | $141.1M | $47.0M | $70.7M | $58.2M |
| Total current assets | $346.8M | $204.4M | $271.5M | $202.4M | $1.51B | $160.5M | $237.4M | $167.2M | $176.0M | $136.7M |
| Property, plant & equipment (net) | $0 | $0 | $157.1M | $177.3M | $177.3M | $84.9M | $75.0M | $77.0M | $6.64B | $6.21B |
| Goodwill & intangible assets | $100.0M | $108.0M | $130.6M | $252.4M | $283.2M | $325.8M | $378.2M | $105.7M | $108.3M | $108.5M |
| Long-term investments | $111.8M | $115.8M | $113.3M | $165.7M | $123.8M | $0 | $12.0M | $8.6M | $8.2M | $7.1M |
| Other non-current assets | $5.93B | $6.69B | $6.68B | $6.69B | $7.06B | $8.12B | $8.33B | $6.82B | $214.7M | $172.5M |
| Total assets | $6.49B | $7.12B | $7.36B | $7.49B | $9.15B | $8.69B | $9.03B | $7.18B | $7.15B | $6.63B |
| Liabilities | ||||||||||
| Accounts payable | $458.9M | $532.9M | $380.5M | $426.0M | $433.4M | $345.4M | $335.7M | $211.3M | $184.8M | $188.1M |
| Short-term debt | $16.4M | $150.0M | $14.0M | $500.0M | $1.00B | $78.4M | $377.0M | $177.0M | $398.0M | $191.0M |
| Deferred revenue | — | — | $22.8M | −$500.0M | — | — | — | — | — | — |
| Total current liabilities | $16.4M | $707.0M | $395.3M | $443.9M | $1.45B | $454.4M | $733.1M | $451.2M | $665.8M | $442.7M |
| Long-term debt | $5.33B | $5.56B | $5.52B | $5.66B | $6.14B | $6.13B | $5.69B | $4.00B | $3.60B | $2.97B |
| Other long-term liabilities | $511.0M | $0 | $214.5M | $0 | $0 | $0 | $109.4M | $132.8M | $126.1M | $89.3M |
| Total liabilities | $5.85B | $6.27B | $6.13B | $6.10B | $7.60B | $6.58B | $6.53B | $4.58B | $4.39B | $3.50B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.6M | $1.6M | $1.6M | $1.6M | $1.6M |
| Retained earnings (deficit) | −$3.92B | −$3.71B | −$3.34B | −$3.17B | −$3.00B | −$2.45B | −$2.04B | −$1.95B | −$1.87B | −$1.73B |
| Accumulated other comprehensive income | $2.1M | $1.9M | $2.3M | $2.4M | $779,000 | −$760,000 | −$2.04B | −$266,000 | $79.4M | $39.6M |
| Total shareholders' equity | $646.1M | $851.9M | $1.23B | $1.39B | $1.56B | $2.10B | $2.51B | $2.60B | $2.76B | $3.13B |
| Key figures | ||||||||||
| Total debt | $5.48B | $5.71B | $5.52B | $5.66B | $7.14B | $6.21B | $6.06B | $4.17B | $4.00B | $3.16B |
| Net cash (debt) | −$5.14B | −$5.57B | −$5.34B | −$5.62B | −$6.20B | −$6.14B | −$6.03B | −$4.15B | −$3.98B | −$3.15B |
| Working capital | $330.4M | −$502.6M | −$123.7M | −$241.5M | $56.1M | −$293.8M | −$495.7M | −$284.0M | −$489.8M | −$306.0M |
| Tangible book value | $546.1M | $743.9M | $1.10B | $1.14B | $1.27B | $1.78B | $2.13B | $2.49B | $2.65B | $3.02B |
| Book value per share | $19.47 | $25.76 | $37.16 | $42.15 | $47.25 | $63.94 | $76.24 | $79.07 | $83.92 | $100.24 |
| Shares outstanding | 33.2M | 33.1M | 33.0M | 32.9M | 32.9M | 32.9M | 32.9M | 32.9M | 32.8M | 31.2M |
| Current ratio | 21.11 | 0.29 | 0.69 | 0.46 | 1.04 | 0.35 | 0.32 | 0.37 | 0.26 | 0.31 |
| Quick ratio | 21.12 | 0.21 | 0.62 | 0.17 | 0.68 | 0.28 | 0.13 | 0.27 | 0.16 | 0.18 |
| Debt / equity | 8.48 | 6.70 | 4.50 | 4.07 | 4.59 | 2.95 | 2.42 | 1.61 | 1.45 | 1.01 |
| Equity / assets | 10.0% | 12.0% | 16.7% | 18.5% | 17.0% | 24.2% | 27.7% | 36.2% | 38.5% | 47.2% |
| 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 | $5.5M | $19.3M | $346.8M | $417.4M | $63.2M | $80.1M | $143.5M | $48.6M | $14.6M | $71.3M | $180.1M | $418.2M |
| Cash & equivalents | $5.5M | $19.3M | $346.8M | $417.4M | $63.2M | $80.1M | $143.5M | $48.6M | $14.6M | $71.3M | $180.1M | $418.2M |
| Receivables | $17.7M | $108.9M | $241,000 | $12.7M | $29.2M | $19.9M | $3.9M | $20.1M | $29.0M | $21.4M | $6.4M | $28.5M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $543.9M |
| Other current assets | $0 | $0 | $0 | $588.4M | $872.0M | $885.4M | $57.0M | $101.4M | $131.8M | $24.7M | $28.2M | $0 |
| Total current assets | $5.5M | $19.3M | $346.8M | $1.02B | $964.4M | $985.5M | $204.4M | $170.1M | $175.4M | $117.4M | $214.7M | $477.6M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6.41B | $6.58B | $157.1M | $6.59B |
| Goodwill & intangible assets | $92.3M | $96.9M | $100.0M | $98.7M | $100.5M | $102.9M | $108.0M | $113.3M | $118.8M | $124.6M | $130.6M | $137.4M |
| Long-term investments | $108.5M | $108.8M | $111.8M | $113.1M | $111.7M | $112.0M | $115.8M | $110.8M | $108.1M | $111.0M | $113.3M | $110.5M |
| Other non-current assets | $5.63B | $5.86B | $5.93B | $5.75B | $5.76B | $5.78B | $6.69B | $6.69B | $306.6M | $301.4M | $6.74B | $289.1M |
| Total assets | $5.84B | $6.08B | $6.49B | $6.98B | $6.93B | $6.98B | $7.12B | $7.09B | $7.12B | $7.23B | $7.36B | $7.60B |
| Liabilities | ||||||||||||
| Accounts payable | $437.2M | $483.0M | $458.9M | $537.9M | $496.8M | $556.2M | $532.9M | $585.1M | $552.6M | $580.3M | $587.0M | $568.3M |
| Short-term debt | $2.0M | $3.0M | $16.4M | — | $979,000 | — | $150.0M | — | $979,000 | $1.5M | $2.0M | $1.18B |
| Deferred revenue | — | — | — | — | — | — | — | — | $12.4M | — | $22.8M | −$1.18B |
| Total current liabilities | $453.0M | $3.0M | $16.4M | $564.3M | $517.3M | $579.1M | $707.0M | $603.5M | $565.1M | $590.7M | $609.8M | $581.6M |
| Long-term debt | $4.58B | $5.09B | $5.33B | $5.77B | $5.72B | $5.66B | $5.56B | $5.55B | $5.55B | $5.53B | $5.52B | $5.72B |
| Other long-term liabilities | $0 | $501.1M | $511.0M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $5.03B | $5.59B | $5.85B | $6.33B | $6.24B | $6.24B | $6.27B | $6.16B | $6.11B | $6.12B | $6.13B | $6.30B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.3M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M |
| Retained earnings (deficit) | −$4.30B | −$4.07B | −$3.92B | −$3.92B | −$3.87B | −$3.83B | −$3.71B | −$3.63B | −$3.55B | −$3.45B | −$3.34B | −$3.26B |
| Accumulated other comprehensive income | $2.0M | $2.1M | $2.1M | $2.1M | $2.2M | $2.0M | $1.9M | $1.5M | $1.8M | $2.0M | $2.3M | $2.1M |
| Total shareholders' equity | $806.5M | $493.7M | $646.1M | $647.9M | $695.9M | $734.6M | $851.9M | $929.0M | $1.01B | $1.11B | $1.23B | $1.30B |
| Key figures | ||||||||||||
| Total debt | $4.58B | $5.09B | $5.48B | $5.77B | $5.72B | $5.66B | $5.71B | $5.55B | $5.55B | $5.53B | $5.52B | $5.72B |
| Net cash (debt) | −$4.57B | −$5.07B | −$5.14B | −$5.35B | −$5.66B | −$5.58B | −$5.57B | −$5.51B | −$5.53B | −$5.45B | −$5.34B | −$5.30B |
| Working capital | −$447.5M | $16.3M | $330.4M | $454.1M | $447.0M | $406.4M | −$502.6M | −$433.4M | −$389.7M | −$473.3M | −$395.1M | −$104.0M |
| Tangible book value | $714.1M | $396.8M | $546.1M | $549.2M | $595.5M | $631.7M | $743.9M | $815.7M | $890.1M | $990.1M | $1.10B | $1.16B |
| Book value per share | $6.30 | $14.84 | $19.47 | $19.51 | $20.99 | $22.18 | $25.76 | $28.08 | $30.53 | $33.75 | $36.98 | $39.45 |
| Shares outstanding | 128.1M | 33.3M | 33.2M | 33.2M | 33.1M | 33.1M | 33.1M | 33.1M | 33.0M | 33.0M | 33.2M | 33.0M |
| Current ratio | 0.01 | 6.44 | 21.11 | 1.80 | 1.86 | 1.70 | 0.29 | 0.28 | 0.31 | 0.20 | 0.35 | 0.82 |
| Quick ratio | 0.05 | 42.76 | 21.12 | 0.76 | 0.18 | 0.17 | 0.21 | 0.11 | 0.08 | 0.16 | 0.31 | 0.77 |
| Debt / equity | 5.68 | 10.30 | 8.48 | 8.90 | 8.22 | 7.71 | 6.70 | 5.98 | 5.50 | 4.96 | 4.50 | 4.39 |
| Equity / assets | 13.8% | 8.1% | 10.0% | 9.3% | 10.0% | 10.5% | 12.0% | 13.1% | 14.2% | 15.4% | 16.7% | 17.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 25, 2026); data from EODHD.
SVC financial position
At the end of fiscal 2025 (December 31, 2025), Service Properties had total assets of $6.5 billion (down 8.8% from a year earlier), total liabilities of $5.8 billion and shareholders' equity of $646.1 million. It held $346.8 million in cash and short-term investments against $5.5 billion of debt, net debt of $5.1 billion. Its current ratio was 21.11. In the latest quarter (ended June 30, 2026) total assets were $5.8 billion and equity $806.5 million.
Related: SVC income statement, SVC cash flow statement, SVC key metrics. See the SVC stock overview for the latest quote and news.
SVC balance sheet FAQ
What are Service Properties's total assets?
Service Properties reported total assets of $6.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $7.1 billion a year earlier.
How much debt does Service Properties have?
Service Properties had $5.5 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 8.48.
How much cash does Service Properties have?
Service Properties held $346.8 million in cash and short-term investments at the end of fiscal 2025; with $5.5 billion of debt that is net debt of $5.1 billion.
What is Service Properties's book value?
Service Properties's shareholders' equity (book value) was $646.1 million at the end of fiscal 2025, or $19.47 per share.
What is Service Properties's current ratio?
Service Properties had current assets of $346.8 million and current liabilities of $16.4 million, a current ratio of 21.11 (it can cover its short-term obligations).
How much goodwill does Service Properties have?
Service Properties carried $100.0 million of goodwill and intangible assets, 1.5% of total assets, at the end of fiscal 2025.