Molson Coors Beverage Company (TAP) Balance Sheet
TAP 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 owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TAP financial health
Descriptive bands, not a rating. Fiscal 2025.
TAP 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 | |
| Book value per share | $53.512016 | $52.282025 | −0.3%/yr | |
| Current ratio | 0.692016 | 0.552025 | −0.13 | |
| Debt / equity | 1.062016 | 0.622025 | −0.44 | |
| Shares outstanding | 213.4M2016 | 195.7M2025 | −1.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TAP assets
TAP liabilities and equity
TAP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TAP 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 | — | — | — | — | — | — | — | — | $0 | $0 |
| 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 | $7.35B | $7.32B |
| 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 |
| Book value per share | $52.28 | $62.37 | $60.73 | $58.50 | $61.66 | $57.03 | $61.87 | $62.36 | $61.09 | $53.51 |
| Shares outstanding | 195.7M | 209.9M | 217.3M | 216.9M | 217.6M | 216.8M | 216.9M | 216.6M | 216.5M | 213.4M |
| 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 |
| Book value per share | $53.91 | $53.09 | $52.28 | $52.17 | $66.80 | $64.17 | $63.40 | $64.16 | $62.52 | $61.25 | $60.92 | $60.87 |
| Shares outstanding | 187.7M | 189.4M | 195.7M | 197.9M | 201.2M | 204.0M | 206.5M | 208.0M | 210.8M | 214.2M | 216.6M | 217.6M |
| 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 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 income statement, TAP cash flow statement, TAP key metrics. See the TAP stock overview for the latest quote and news.
TAP 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, or $52.28 per share.
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.