Molson Coors Beverage Company (TAP-A) Balance Sheet
TAP-A balance sheet, 2025
December 31, 2025 · U.S. dollars$22.74B assets = $12.20B liabilities + $10.54B equity
Both columns are drawn to the same scale: what TAP-A owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TAP-A financial health
Descriptive bands, not a rating. Fiscal 2025.
TAP-A balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $29.34B2016 | $22.74B2025 | −2.8%/yr | |
| Total liabilities | $17.72B2016 | $12.20B2025 | −4.1%/yr | |
| Shareholders’ equity | $11.42B2016 | $10.23B2025 | −1.2%/yr | |
| Cash & short-term investments | $560.9M2016 | $896.5M2025 | +5.3%/yr | |
| Total debt | $12.07B2016 | $6.30B2025 | −7.0%/yr | |
| Net cash (debt) | −$11.51B2016 | −$5.40B2025 | +$6.1B | |
| Working capital | −$987.9M2016 | −$2.38B2025 | −$1.4B | |
| Current ratio | 0.692016 | 0.552025 | −0.13 | |
| Debt / equity | 1.062016 | 0.622025 | −0.44 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TAP-A assets
TAP-A liabilities and equity
TAP-A debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TAP-A balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $896.5M | $969.3M | $868.9M | $600.0M | $637.4M | $770.1M | $523.4M | $1.06B | $418.6M | $560.9M |
| Cash & equivalents | $896.5M | $969.3M | $868.9M | $600.0M | $637.4M | $770.1M | $523.4M | $1.06B | $418.6M | $560.9M |
| Short-term investments | — | — | — | — | — | — | $21.20B | — | — | — |
| Receivables | $890.3M | $842.9M | $879.4M | $866.2M | $879.4M | $687.1M | $820.3M | $871.0M | $902.0M | $805.3M |
| Inventory | $715.9M | $727.8M | $802.3M | $792.9M | $804.7M | $664.3M | $615.9M | $591.8M | $591.5M | $592.7M |
| Other current assets | $432.8M | $308.4M | $297.9M | $378.9M | $457.2M | $297.3M | $224.8M | $245.6M | $277.6M | $210.7M |
| Total current assets | $2.94B | $2.85B | $2.85B | $2.64B | $2.78B | $2.42B | $2.18B | $2.77B | $2.19B | $2.17B |
| Property, plant & equipment (net) | $4.77B | $4.46B | $4.44B | $4.22B | $4.19B | $4.25B | $4.55B | $4.61B | $4.67B | $4.51B |
| Goodwill & intangible assets | $13.94B | $17.78B | $17.94B | $18.09B | $19.44B | $19.71B | $21.29B | $22.04B | $22.70B | $22.28B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.10B | $978.0M | $1.14B | $915.5M | $1.21B | $954.9M | $841.5M | $698.0M | $681.5M | $382.5M |
| Total assets | $22.74B | $26.06B | $26.38B | $25.87B | $27.62B | $27.33B | $28.86B | $30.11B | $30.25B | $29.34B |
| Liabilities | ||||||||||
| Accounts payable | $1.82B | $1.88B | $1.98B | $2.07B | $2.10B | $1.73B | $1.69B | $1.62B | $1.57B | $1.30B |
| Short-term debt | $2.43B | $78.9M | $958.7M | $441.8M | $560.3M | $1.07B | $974.8M | $1.59B | $714.8M | $684.8M |
| Deferred revenue | — | — | −$172.8M | −$288.7M | −$386.1M | $637.5M | −$387.7M | $244.1M | — | — |
| Total current liabilities | $5.31B | $3.05B | $4.09B | $3.38B | $3.62B | $3.91B | $3.70B | $4.30B | $3.40B | $3.16B |
| Long-term debt | $3.87B | $6.11B | $5.31B | $6.17B | $6.65B | $7.21B | $8.11B | $8.89B | $10.60B | $11.39B |
| Lease obligations | $52.8M | $46.7M | $46.9M | $44.7M | $45.4M | $47.1M | $46.6M | — | — | — |
| Other long-term liabilities | $3.02B | $3.45B | $3.54B | $3.41B | $3.69B | $3.59B | $3.38B | $3.18B | $2.81B | $3.17B |
| Total liabilities | $12.20B | $12.61B | $12.94B | $12.95B | $13.95B | $14.71B | $15.19B | $16.37B | $16.81B | $17.72B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $369.9M | $374.0M | $455.2M | $517.6M | $522.1M | $522.2M | $662.4M | $662.8M | $662.9M | $681.3M |
| Retained earnings (deficit) | $5.72B | $8.24B | $7.48B | $6.89B | $7.40B | $6.54B | $7.62B | $7.69B | $7.21B | $6.12B |
| Treasury stock | — | — | — | −$522.9M | −$471.4M | −$471.4M | −$471.4M | −$471.4M | −$471.4M | −$471.4M |
| Accumulated other comprehensive income | −$1.07B | −$1.36B | −$1.12B | −$1.21B | −$1.01B | −$1.11B | −$1.09B | −$1.09B | −$800.5M | −$1.50B |
| Minority interest | $312.4M | $360.3M | $239.1M | $225.5M | $247.0M | $256.3M | $253.7M | $228.4M | $208.9M | $203.0M |
| Total shareholders' equity | $10.23B | $13.09B | $13.20B | $12.69B | $13.42B | $12.37B | $13.42B | $13.51B | $13.23B | $11.42B |
| Key figures | ||||||||||
| Total debt | $6.30B | $6.19B | $6.27B | $6.61B | $7.21B | $8.28B | $9.08B | $10.49B | $11.31B | $12.07B |
| Net cash (debt) | −$5.40B | −$5.22B | −$5.40B | −$6.01B | −$6.57B | −$7.51B | −$8.56B | −$9.43B | −$10.89B | −$11.51B |
| Working capital | −$2.38B | −$196.8M | −$1.24B | −$737.4M | −$843.5M | −$1.49B | −$1.51B | −$1.53B | −$1.21B | −$987.9M |
| Tangible book value | −$3.71B | −$4.69B | −$4.74B | −$5.40B | −$6.02B | −$7.34B | −$7.87B | −$8.53B | −$9.48B | −$10.86B |
| Current ratio | 0.55 | 0.94 | 0.70 | 0.78 | 0.77 | 0.62 | 0.59 | 0.64 | 0.64 | 0.69 |
| Quick ratio | 0.34 | 0.60 | 0.43 | 0.43 | 0.42 | 0.37 | 0.36 | 0.45 | 0.39 | 0.43 |
| Debt / equity | 0.62 | 0.47 | 0.48 | 0.52 | 0.54 | 0.67 | 0.68 | 0.78 | 0.86 | 1.06 |
| Equity / assets | 45.0% | 50.2% | 50.0% | 49.1% | 48.6% | 45.2% | 46.5% | 44.9% | 43.7% | 38.9% |
| 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 | $2.13B | $382.6M | $896.5M | $950.2M | $613.8M | $412.7M | $969.3M | $1.02B | $1.65B | $458.4M | $868.9M | $801.7M |
| Cash & equivalents | $2.13B | $382.6M | $896.5M | $950.2M | $613.8M | $412.7M | $969.3M | $1.02B | $1.65B | $458.4M | $868.9M | $801.7M |
| Receivables | $1.18B | $971.9M | $890.3M | $993.8M | $1.16B | $909.0M | $842.9M | $1.02B | $1.20B | $1.02B | $879.4M | $1.08B |
| Inventory | $849.1M | $812.8M | $715.9M | $820.6M | $902.0M | $870.5M | $727.8M | $833.3M | $848.5M | $870.9M | $802.3M | $852.6M |
| Other current assets | $428.5M | $576.5M | $432.8M | $465.8M | $404.9M | $371.4M | $308.4M | $356.4M | $337.3M | $331.5M | $297.9M | $353.1M |
| Total current assets | $4.58B | $2.74B | $2.94B | $3.23B | $3.08B | $2.56B | $2.85B | $3.23B | $4.04B | $2.68B | $2.85B | $3.09B |
| Property, plant & equipment (net) | $4.68B | $4.70B | $4.77B | $4.63B | $4.63B | $4.51B | $4.46B | $4.50B | $4.47B | $4.44B | $4.44B | $4.27B |
| Goodwill & intangible assets | $13.98B | $13.83B | $13.94B | $13.96B | $17.99B | $17.79B | $17.78B | $17.73B | $17.72B | $17.79B | $17.94B | $18.03B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.11B | $1.10B | $1.10B | $1.06B | $1.13B | $1.07B | $978.0M | $1.18B | $1.17B | $1.16B | $1.14B | $1.18B |
| Total assets | $24.36B | $22.37B | $22.74B | $22.87B | $26.83B | $25.93B | $26.06B | $26.64B | $27.39B | $26.07B | $26.38B | $26.57B |
| Liabilities | ||||||||||||
| Accounts payable | $3.17B | $2.70B | $1.82B | $2.94B | $3.18B | $2.78B | $1.88B | $3.21B | $3.34B | $2.96B | $1.98B | $3.36B |
| Short-term debt | $2.04B | $2.42B | $2.43B | $2.41B | $62.3M | $83.2M | $78.9M | $37.7M | $894.2M | $905.5M | $958.7M | $878.8M |
| Deferred revenue | — | — | — | — | — | — | — | — | — | −$2.96B | $654.7M | −$3.36B |
| Total current liabilities | $5.21B | $5.12B | $5.31B | $5.34B | $3.24B | $2.87B | $3.05B | $3.25B | $4.24B | $3.86B | $4.09B | $4.24B |
| Long-term debt | $5.67B | $3.85B | $3.87B | $3.88B | $6.26B | $6.15B | $6.11B | $6.20B | $6.16B | $5.31B | $5.31B | $5.30B |
| Lease obligations | — | — | $52.8M | — | — | — | $46.7M | — | — | — | $46.9M | — |
| Other long-term liabilities | $3.07B | $3.03B | $3.02B | $2.98B | $3.53B | $3.46B | $3.45B | $3.62B | $3.58B | $3.54B | $3.54B | $3.54B |
| Total liabilities | $13.95B | $12.02B | $12.20B | $12.20B | $13.03B | $12.48B | $12.61B | $13.07B | $13.98B | $12.71B | $12.94B | $13.08B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $369.9M | $369.9M | $369.9M | $369.9M | $369.9M | $370.5M | $374.0M | $374.0M | $455.2M | $455.2M | $455.2M | $458.9M |
| Retained earnings (deficit) | $5.93B | $5.78B | $5.72B | $5.58B | $8.60B | $8.26B | $8.24B | $8.04B | $7.93B | $7.60B | $7.48B | $7.47B |
| Accumulated other comprehensive income | −$1.18B | −$1.14B | −$1.07B | −$1.15B | −$1.07B | −$1.33B | −$1.36B | −$1.11B | −$1.22B | −$1.19B | −$1.10B | −$1.17B |
| Minority interest | $289.2M | $309.5M | $312.4M | $343.7M | $356.0M | — | — | — | — | — | — | — |
| Total shareholders' equity | $10.12B | $10.06B | $10.23B | $10.33B | $13.44B | $13.09B | $13.09B | $13.35B | $13.18B | $13.12B | $13.20B | $13.25B |
| Key figures | ||||||||||||
| Total debt | $7.71B | $6.27B | $6.30B | $6.29B | $6.32B | $6.24B | $6.19B | $6.24B | $7.06B | $6.22B | $6.27B | $6.18B |
| Net cash (debt) | −$5.58B | −$5.89B | −$5.40B | −$5.34B | −$5.71B | −$5.83B | −$5.22B | −$5.22B | −$5.41B | −$5.76B | −$5.40B | −$5.38B |
| Working capital | −$628.6M | −$2.38B | −$2.38B | −$2.11B | −$164.5M | −$302.2M | −$196.8M | −$18.7M | −$198.6M | −$1.19B | −$1.24B | −$1.15B |
| Tangible book value | −$3.86B | −$3.77B | −$3.71B | −$3.63B | −$4.55B | −$4.70B | −$4.69B | −$4.38B | −$4.54B | −$4.67B | −$4.74B | −$4.79B |
| Current ratio | 0.88 | 0.54 | 0.55 | 0.60 | 0.95 | 0.89 | 0.94 | 0.99 | 0.95 | 0.69 | 0.70 | 0.73 |
| Quick ratio | 0.63 | 0.26 | 0.34 | 0.36 | 0.55 | 0.46 | 0.60 | 0.63 | 0.67 | 0.38 | 0.43 | 0.44 |
| Debt / equity | 0.76 | 0.62 | 0.62 | 0.61 | 0.47 | 0.48 | 0.47 | 0.47 | 0.54 | 0.47 | 0.48 | 0.47 |
| Equity / assets | 41.5% | 45.0% | 45.0% | 45.1% | 50.1% | 50.5% | 50.2% | 50.1% | 48.1% | 50.3% | 50.0% | 49.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 18, 2026); data from EODHD.
TAP-A financial position
At the end of fiscal 2025 (December 31, 2025), Molson Coors Beverage had total assets of $22.7 billion (down 12.8% from a year earlier), total liabilities of $12.2 billion and shareholders' equity of $10.2 billion. It held $896.5 million in cash and short-term investments against $6.3 billion of debt, net debt of $5.4 billion. Its current ratio was 0.55. In the latest quarter (ended June 30, 2026) total assets were $24.4 billion and equity $10.1 billion.
Related: TAP-A income statement, TAP-A cash flow statement, TAP-A key metrics. See the TAP-A stock overview for the latest quote and news.
TAP-A balance sheet FAQ
What are Molson Coors Beverage's total assets?
Molson Coors Beverage reported total assets of $22.7 billion at the end of fiscal 2025 (December 31, 2025), compared with $26.1 billion a year earlier.
How much debt does Molson Coors Beverage have?
Molson Coors Beverage had $6.3 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.62.
How much cash does Molson Coors Beverage have?
Molson Coors Beverage held $896.5 million in cash and short-term investments at the end of fiscal 2025; with $6.3 billion of debt that is net debt of $5.4 billion.
What is Molson Coors Beverage's book value?
Molson Coors Beverage's shareholders' equity (book value) was $10.2 billion at the end of fiscal 2025.
What is Molson Coors Beverage's current ratio?
Molson Coors Beverage had current assets of $2.9 billion and current liabilities of $5.3 billion, a current ratio of 0.55 (current liabilities exceed current assets).
How much goodwill does Molson Coors Beverage have?
Molson Coors Beverage carried $13.9 billion of goodwill and intangible assets, 61.3% of total assets, at the end of fiscal 2025.