TIM S.A. Sponsored ADR (TIMB) Balance Sheet
TIMB balance sheet, 2025
December 31, 2025 · Brazilian reaisR$56.94B assets = R$32.96B liabilities + R$23.98B equity
Both columns are drawn to the same scale: what TIMB owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TIMB financial health
Current ratio0.89
Tight · current assets cover current liabilities 0.89×
Debt / equity1.19
Moderate leverage · R$1.19 of debt for each $1 of equity
Equity / assets42.1%
Equity-funded · of assets funded by shareholders
Cash / debt20.6%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles25.5%
Acquisition-heavy · of total assets
Descriptive bands, not a rating. Fiscal 2025.
TIMB balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | R$34.66B2016 | R$56.94B2025 | +5.7%/yr | |
| Total liabilities | R$17.47B2016 | R$32.96B2025 | +7.3%/yr | |
| Shareholders’ equity | R$17.19B2016 | R$23.98B2025 | +3.8%/yr | |
| Cash & short-term investments | R$5.61B2016 | R$5.88B2025 | +0.5%/yr | |
| Total debt | R$8.52B2016 | R$28.59B2025 | +14.4%/yr | |
| Net cash (debt) | −R$2.91B2016 | −R$22.71B2025 | −R$19.8B | |
| Working capital | R$2.83B2016 | −R$1.74B2025 | −R$4.6B | |
| Current ratio | 1.392016 | 0.892025 | −0.50 | |
| Debt / equity | 0.502016 | 1.192025 | +0.70 | |
| Shares outstanding | 484.0M2016 | 482.9M2025 | −0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TIMB assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
TIMB liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
TIMB debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TIMB balance sheet in Brazilian reais
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | R$5.88B | R$5.69B | R$5.04B | R$4.74B | R$9.80B | R$894.4M | R$730.7M | R$1.86B | R$3.73B | R$5.61B |
| Cash & equivalents | R$85.8M | R$3.26B | R$37.0M | R$2.55B | R$5.23B | R$19.3M | R$25.3M | R$1.08B | R$2.96B | R$5.13B |
| Short-term investments | R$5.80B | R$2.43B | R$5.00B | R$2.19B | R$4.57B | R$875.2M | R$705.3M | R$784.8M | R$765.6M | R$480.0M |
| Receivables | R$6.14B | R$5.77B | R$5.18B | R$4.67B | R$4.79B | R$934.2M | R$1.24B | R$2.86B | R$2.56B | R$2.92B |
| Inventory | R$357.2M | R$293.5M | R$331.8M | R$236.1M | R$202.6M | R$47.5M | R$50.5M | R$183.1M | R$123.8M | R$143.9M |
| Other current assets | R$1.08B | R$907.1M | R$858.3M | R$717.7M | R$606.7M | R$128.4M | R$76.2M | R$1.09B | R$1.20B | R$1.43B |
| Total current assets | R$13.46B | R$12.66B | R$11.40B | R$10.36B | R$15.40B | R$2.00B | R$2.10B | R$6.00B | R$7.61B | R$10.11B |
| Property, plant & equipment (net) | R$23.27B | R$22.82B | R$22.41B | R$22.66B | R$18.31B | R$3.48B | R$4.38B | R$11.20B | R$10.84B | R$11.08B |
| Goodwill & intangible assets | R$14.49B | R$14.75B | R$15.51B | R$16.42B | R$10.59B | R$1.74B | R$2.40B | R$10.68B | R$11.31B | R$10.63B |
| Long-term investments | R$1.80B | R$1.93B | R$1.68B | R$1.55B | R$1.61B | R$7.1M | R$3.8M | R$5.2M | R$3.0M | R$0 |
| Other non-current assets | R$3.91B | R$4.16B | R$4.25B | R$5.41B | R$3.91B | R$785.2M | R$1.14B | R$4.07B | R$2.84B | R$2.83B |
| Total assets | R$56.94B | R$56.33B | R$55.26B | R$56.41B | R$49.82B | R$8.02B | R$10.03B | R$31.96B | R$32.60B | R$34.66B |
| Liabilities | ||||||||||
| Accounts payable | R$5.14B | R$4.99B | R$4.61B | R$4.24B | R$3.27B | R$602.4M | R$975.2M | R$4.32B | R$3.99B | R$3.46B |
| Short-term debt | R$2.63B | R$1.98B | R$3.08B | R$3.52B | R$1.81B | R$528.3M | R$561.1M | R$903.8M | R$1.53B | R$1.24B |
| Deferred revenue | — | R$280.4M | R$279.4M | R$1.01B | R$197.2M | R$51.3M | R$70.1M | R$406.9M | R$480.4M | R$812.3M |
| Total current liabilities | R$15.20B | R$12.83B | R$12.88B | R$13.12B | R$10.61B | R$1.60B | R$2.02B | R$7.08B | R$7.22B | R$7.28B |
| Long-term debt | R$1.85B | R$2.69B | R$2.50B | R$3.71B | R$3.31B | R$655.6M | R$644.9M | R$964.3M | R$3.34B | R$5.57B |
| Lease obligations | R$13.76B | R$12.58B | R$12.26B | R$12.83B | R$9.06B | R$8.38B | R$7.78B | R$1.94B | R$1.89B | R$1.80B |
| Other long-term liabilities | R$15.91B | R$14.41B | R$13.86B | R$14.19B | R$10.79B | R$1.30B | R$1.79B | R$4.12B | R$3.89B | R$4.61B |
| Total liabilities | R$32.96B | R$29.92B | R$29.24B | R$31.01B | R$24.71B | R$3.56B | R$4.45B | R$12.16B | R$14.45B | R$17.47B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | R$13.48B | R$13.48B | R$13.48B | R$13.48B | R$13.48B | R$2.59B | R$2.45B | R$9.87B | R$9.87B | R$9.87B |
| Retained earnings (deficit) | R$10.19B | R$12.56B | R$10.78B | R$11.51B | R$11.24B | R$9.32B | R$12.16B | R$9.52B | R$7.88B | R$6.92B |
| Accumulated other comprehensive income | R$385.3M | R$370.7M | R$1.76B | R$404.8M | R$397.5M | R$1.87B | R$3.12B | R$9.94B | R$8.30B | R$7.32B |
| Total shareholders' equity | R$23.98B | R$26.40B | R$26.02B | R$25.40B | R$25.11B | R$4.46B | R$5.58B | R$19.79B | R$18.15B | R$17.19B |
| Key figures | ||||||||||
| Total debt | R$28.59B | R$15.61B | R$16.03B | R$17.80B | R$12.91B | R$2.06B | R$2.44B | R$3.60B | R$6.58B | R$8.52B |
| Net cash (debt) | −R$22.71B | −R$9.92B | −R$10.99B | −R$13.06B | −R$3.11B | −R$1.17B | −R$1.71B | −R$1.74B | −R$2.85B | −R$2.91B |
| Working capital | −R$1.74B | −R$164.3M | −R$1.48B | −R$2.75B | R$4.79B | R$406.1M | R$83.7M | −R$1.08B | R$383.0M | R$2.83B |
| Tangible book value | R$9.48B | R$11.65B | R$10.50B | R$8.98B | R$14.52B | R$2.73B | R$3.17B | R$9.11B | R$6.84B | R$6.55B |
| Shares outstanding | 482.9M | 484.0M | 2.4M | 484.0M | 484.1M | 484.2M | 484.2M | 484.2M | 484.2M | 484.0M |
| Current ratio | 0.89 | 0.99 | 0.89 | 0.79 | 1.45 | 1.25 | 1.04 | 0.85 | 1.05 | 1.39 |
| Quick ratio | 0.79 | 0.89 | 0.79 | 0.72 | 1.37 | 1.14 | 0.98 | 0.67 | 0.87 | 1.17 |
| Debt / equity | 1.19 | 0.59 | 0.62 | 0.70 | 0.51 | 0.46 | 0.44 | 0.18 | 0.36 | 0.50 |
| Equity / assets | 42.1% | 46.9% | 47.1% | 45.0% | 50.4% | 55.7% | 55.6% | 61.9% | 55.7% | 49.6% |
| 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 | R$4.53B | R$5.87B | R$5.88B | R$6.53B | R$5.47B | R$5.33B | R$5.69B | R$4.33B | R$3.31B | R$3.37B | R$5.04B | R$888.3M |
| Cash & equivalents | R$2.68B | R$4.02B | R$85.8M | R$3.67B | R$2.99B | R$2.84B | R$3.26B | R$2.29B | R$2.11B | R$1.98B | R$37.0M | R$5.0M |
| Short-term investments | R$1.85B | R$1.85B | R$5.80B | R$2.86B | R$2.48B | R$2.49B | R$2.43B | R$2.05B | R$1.20B | R$1.39B | R$5.00B | R$883.4M |
| Receivables | R$6.14B | R$6.36B | R$4.94B | R$6.10B | R$6.35B | R$6.04B | R$4.71B | R$5.51B | R$5.56B | R$5.38B | R$5.18B | R$1.00B |
| Inventory | R$427.5M | R$387.5M | R$357.2M | R$353.4M | R$358.2M | R$329.5M | R$293.5M | R$382.3M | R$415.9M | R$404.7M | R$331.8M | R$83.0M |
| Other current assets | R$1.30B | R$1.47B | R$2.29B | R$1.10B | R$1.27B | R$1.26B | R$1.96B | R$1.03B | R$1.11B | R$1.18B | R$858.3M | R$192.4M |
| Total current assets | R$12.39B | R$14.09B | R$13.46B | R$14.09B | R$13.46B | R$12.96B | R$12.66B | R$11.25B | R$10.40B | R$10.33B | R$11.40B | R$2.17B |
| Property, plant & equipment (net) | R$24.28B | R$23.25B | R$23.27B | R$23.11B | R$23.25B | R$23.06B | R$22.92B | R$22.47B | R$22.57B | R$22.69B | R$22.41B | R$4.52B |
| Goodwill & intangible assets | R$15.48B | R$14.75B | R$14.49B | R$14.52B | R$14.63B | R$14.82B | R$14.75B | R$14.92B | R$15.19B | R$15.45B | R$15.51B | R$3.15B |
| Long-term investments | R$548.6M | R$1.77B | R$1.80B | R$1.81B | R$1.85B | R$1.81B | R$1.93B | R$1.76B | R$1.72B | R$1.66B | R$1.68B | R$0 |
| Other non-current assets | R$4.49B | R$3.95B | R$3.91B | R$3.85B | R$3.78B | R$3.81B | R$4.06B | R$4.14B | R$4.15B | R$4.20B | R$4.25B | R$1.35B |
| Total assets | R$57.19B | R$57.80B | R$56.94B | R$57.37B | R$56.95B | R$56.46B | R$56.33B | R$54.54B | R$54.03B | R$54.33B | R$55.26B | R$11.18B |
| Liabilities | ||||||||||||
| Accounts payable | R$4.84B | R$5.18B | R$5.14B | R$4.22B | R$4.52B | R$4.53B | R$4.99B | R$3.65B | R$3.65B | R$3.91B | R$4.61B | R$770.0M |
| Short-term debt | R$2.78B | R$2.62B | R$2.63B | R$2.56B | R$2.55B | R$1.92B | R$1.98B | R$2.20B | R$2.23B | R$2.61B | R$3.08B | R$837.2M |
| Deferred revenue | R$221.5M | R$244.5M | — | R$258.7M | R$293.7M | R$276.5M | — | R$273.6M | R$260.3M | R$273.4M | R$279.4M | R$52.7M |
| Total current liabilities | R$14.60B | R$15.38B | R$15.20B | R$14.68B | R$14.86B | R$14.73B | R$12.83B | R$11.63B | R$11.76B | R$12.77B | R$12.88B | R$2.74B |
| Long-term debt | R$1.54B | R$1.85B | R$1.85B | R$1.90B | R$1.96B | R$2.67B | R$2.69B | R$2.73B | R$2.72B | R$2.49B | R$2.50B | R$0 |
| Lease obligations | R$13.85B | R$13.91B | R$13.76B | R$13.51B | R$13.32B | R$12.79B | R$12.58B | R$12.51B | R$12.48B | R$12.39B | R$12.26B | — |
| Other long-term liabilities | R$16.03B | R$16.14B | R$15.91B | R$15.58B | R$15.02B | R$14.60B | R$14.41B | R$14.20B | R$14.08B | R$14.05B | R$13.86B | R$3.33B |
| Total liabilities | R$32.17B | R$33.38B | R$32.96B | R$32.16B | R$31.83B | R$32.00B | R$29.92B | R$28.56B | R$28.56B | R$29.31B | R$29.24B | R$6.07B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | R$13.48B | R$13.48B | R$13.48B | R$13.48B | R$13.48B | R$13.48B | R$13.48B | R$13.48B | R$13.48B | R$13.48B | R$13.48B | R$2.69B |
| Retained earnings (deficit) | R$996.7M | R$427.1M | R$10.19B | R$1.68B | R$1.27B | R$597.6M | R$12.56B | R$1.31B | R$800.6M | R$319.4M | R$10.78B | R$161.8M |
| Accumulated other comprehensive income | R$10.62B | R$10.59B | R$385.3M | R$10.40B | R$10.43B | R$10.40B | R$370.7M | R$11.24B | R$11.25B | R$11.24B | R$1.76B | R$2.26B |
| Total shareholders' equity | R$25.02B | R$24.42B | R$23.98B | R$25.21B | R$25.13B | R$24.46B | R$26.40B | R$25.98B | R$25.48B | R$25.03B | R$26.02B | R$5.11B |
| Key figures | ||||||||||||
| Total debt | R$16.50B | R$16.74B | R$28.59B | R$16.36B | R$16.22B | R$15.80B | R$15.61B | R$15.64B | R$15.58B | R$15.64B | R$16.03B | R$3.48B |
| Net cash (debt) | −R$11.97B | −R$10.87B | −R$22.71B | −R$9.83B | −R$10.75B | −R$10.47B | −R$9.92B | −R$11.31B | −R$12.26B | −R$12.27B | −R$10.99B | −R$2.60B |
| Working capital | −R$2.21B | −R$1.30B | −R$1.74B | −R$592.6M | −R$1.40B | −R$1.77B | −R$164.3M | −R$374.4M | −R$1.36B | −R$2.44B | −R$1.48B | −R$575.8M |
| Tangible book value | R$9.53B | R$9.67B | R$9.48B | R$10.70B | R$10.49B | R$9.64B | R$11.65B | R$11.06B | R$10.28B | R$9.57B | R$10.50B | R$1.96B |
| Shares outstanding | 477.7M | 477.9M | 479.5M | 483.1M | 484.1M | 484.2M | 2.42B | 484.1M | 483.6M | 484.2M | 479.6M | 484.1M |
| Current ratio | 0.85 | 0.92 | 0.89 | 0.96 | 0.91 | 0.88 | 0.99 | 0.97 | 0.88 | 0.81 | 0.89 | 0.79 |
| Quick ratio | 0.73 | 0.80 | 0.71 | 0.86 | 0.80 | 0.77 | 0.81 | 0.85 | 0.75 | 0.69 | 0.79 | 0.69 |
| Debt / equity | 0.66 | 0.69 | 1.19 | 0.65 | 0.65 | 0.65 | 0.59 | 0.60 | 0.61 | 0.63 | 0.62 | 0.68 |
| Equity / assets | 43.7% | 42.3% | 42.1% | 43.9% | 44.1% | 43.3% | 46.9% | 47.6% | 47.1% | 46.1% | 47.1% | 45.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in Brazilian reais as reported (latest annual report filed March 30, 2026); data from EODHD.
TIMB financial position
At the end of fiscal 2025 (December 31, 2025), TIM S.A. Sponsored ADR had total assets of R$56.9 billion (up 1.1% from a year earlier), total liabilities of R$33.0 billion and shareholders' equity of R$24.0 billion. It held R$5.9 billion in cash and short-term investments against R$28.6 billion of debt, net debt of R$22.7 billion. Its current ratio was 0.89. In the latest quarter (ended June 30, 2026) total assets were R$57.2 billion and equity R$25.0 billion.
Related: TIMB income statement, TIMB cash flow statement, TIMB key metrics. See the TIMB stock overview for the latest quote and news.
TIMB balance sheet FAQ
What are TIM S.A. Sponsored ADR's total assets?
TIM S.A. Sponsored ADR reported total assets of R$56.9 billion at the end of fiscal 2025 (December 31, 2025), compared with R$56.3 billion a year earlier.
How much debt does TIM S.A. Sponsored ADR have?
TIM S.A. Sponsored ADR had R$28.6 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.19.
How much cash does TIM S.A. Sponsored ADR have?
TIM S.A. Sponsored ADR held R$5.9 billion in cash and short-term investments at the end of fiscal 2025; with R$28.6 billion of debt that is net debt of R$22.7 billion.
What is TIM S.A. Sponsored ADR's book value?
TIM S.A. Sponsored ADR's shareholders' equity (book value) was R$24.0 billion at the end of fiscal 2025.
What is TIM S.A. Sponsored ADR's current ratio?
TIM S.A. Sponsored ADR had current assets of R$13.5 billion and current liabilities of R$15.2 billion, a current ratio of 0.89 (current liabilities exceed current assets).
How much goodwill does TIM S.A. Sponsored ADR have?
TIM S.A. Sponsored ADR carried R$14.5 billion of goodwill and intangible assets, 25.5% of total assets, at the end of fiscal 2025.