Toyota Motor Corporation (TM) Balance Sheet
TM balance sheet, FY2026
March 31, 2026 · Japanese yen¥105.98T assets = ¥64.78T liabilities + ¥41.20T equity
Both columns are drawn to the same scale: what TM owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TM financial health
Current ratio1.27
Adequate · current assets cover current liabilities 1.27×
Debt / equity1.08
Moderate leverage · ¥1.08 of debt for each $1 of equity
Equity / assets37.8%
Balanced · of assets funded by shareholders
Cash / debt29.3%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles2.6%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
TM balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | ¥48.75TFY2017 | ¥105.98TFY2026 | +9.0%/yr | |
| Total liabilities | ¥30.57TFY2017 | ¥64.78TFY2026 | +8.7%/yr | |
| Shareholders’ equity | ¥17.51TFY2017 | ¥40.09TFY2026 | +9.6%/yr | |
| Cash & short-term investments | ¥5.90TFY2017 | ¥12.71TFY2026 | +8.9%/yr | |
| Total debt | ¥19.16TFY2017 | ¥43.39TFY2026 | +9.5%/yr | |
| Net cash (debt) | −¥13.26TFY2017 | −¥30.68TFY2026 | −¥17.4T | |
| Working capital | ¥514.73BFY2017 | ¥9.26TFY2026 | +¥8.7T | |
| Current ratio | 1.03FY2017 | 1.27FY2026 | +0.24 | |
| Debt / equity | 1.09FY2017 | 1.08FY2026 | −0.01 | |
| Shares outstanding | 1.53BFY2017 | 1.30BFY2026 | −1.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TM assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
TM liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
TM debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TM balance sheet in Japanese yen
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | ¥12.71T | ¥15.92T | ¥14.11T | ¥9.23T | ¥8.62T | ¥8.62T | ¥5.70T | ¥6.24T | ¥5.72T | ¥5.90T |
| Cash & equivalents | ¥12.71T | ¥8.98T | ¥9.41T | ¥7.52T | ¥6.11T | ¥6.11T | ¥4.19T | ¥3.60T | ¥3.05T | ¥3.00T |
| Short-term investments | ¥3.98T | ¥6.94T | ¥4.70T | ¥1.72T | ¥2.51T | ¥2.51T | ¥1.51T | ¥2.64T | ¥2.67T | ¥2.90T |
| Receivables | ¥17.59T | ¥15.35T | ¥14.96T | ¥12.08T | ¥10.49T | ¥10.49T | ¥9.27T | ¥9.70T | ¥9.06T | ¥8.75T |
| Inventory | ¥5.16T | ¥4.60T | ¥4.61T | ¥4.26T | ¥3.82T | ¥3.82T | ¥2.43T | ¥2.73T | ¥2.54T | ¥2.39T |
| Other current assets | ¥7.55T | ¥1.21T | ¥1.03T | ¥886.88B | ¥791.95B | ¥791.95B | ¥1.24T | ¥507.65B | ¥833.79B | ¥796.30B |
| Total current assets | ¥43.01T | ¥37.08T | ¥34.71T | ¥26.46T | ¥23.72T | ¥23.72T | ¥18.64T | ¥19.18T | ¥18.15T | ¥17.83T |
| Property, plant & equipment (net) | ¥18.05T | ¥15.92T | ¥14.79T | ¥13.13T | ¥12.78T | ¥12.78T | ¥10.60T | ¥11.08T | ¥10.27T | ¥10.20T |
| Goodwill & intangible assets | ¥2.79T | ¥1.36T | ¥1.36T | ¥1.25T | ¥1.19T | ¥1.19T | ¥1.00T | ¥908.74B | ¥0 | ¥0 |
| Long-term investments | ¥16.48T | ¥15.68T | ¥17.10T | ¥15.78T | ¥14.36T | ¥13.24T | ¥11.47T | ¥10.79T | ¥11.16T | ¥10.53T |
| Other non-current assets | ¥25.65T | ¥23.56T | ¥22.15T | ¥17.69T | ¥15.64T | ¥16.75T | ¥10.96T | ¥11.45T | ¥10.73T | ¥10.19T |
| Total assets | ¥105.98T | ¥93.60T | ¥90.11T | ¥74.30T | ¥67.69T | ¥67.69T | ¥52.68T | ¥53.42T | ¥50.31T | ¥48.75T |
| Liabilities | ||||||||||
| Accounts payable | ¥5.88T | ¥4.03T | ¥3.83T | ¥3.82T | ¥3.17T | ¥3.17T | ¥2.43T | ¥2.67T | ¥2.59T | ¥2.57T |
| Short-term debt | ¥17.66T | ¥15.83T | ¥15.41T | ¥12.31T | ¥11.19T | ¥11.19T | ¥9.86T | ¥9.70T | ¥9.34T | ¥9.24T |
| Deferred revenue | — | — | ¥1.22T | — | — | ¥1.75T | ¥4.16T | ¥321.00B | ¥4.61T | ¥4.30T |
| Total current liabilities | ¥33.75T | ¥29.43T | ¥29.18T | ¥23.96T | ¥21.84T | ¥21.84T | ¥17.90T | ¥18.48T | ¥17.80T | ¥17.32T |
| Long-term debt | ¥25.62T | ¥22.96T | ¥21.16T | ¥17.07T | ¥15.31T | ¥13.45T | ¥11.43T | ¥10.55T | ¥10.01T | ¥9.91T |
| Lease obligations | ¥711.01B | ¥533.35B | ¥462.57B | ¥456.12B | ¥420.93B | ¥360.89B | ¥309.05B | ¥0 | ¥0 | ¥0 |
| Other long-term liabilities | ¥5.41T | ¥4.32T | ¥4.54T | ¥4.00T | ¥3.38T | ¥5.24T | ¥2.61T | ¥3.73T | ¥3.07T | ¥3.34T |
| Total liabilities | ¥64.78T | ¥56.72T | ¥54.87T | ¥45.04T | ¥40.53T | ¥40.53T | ¥31.94T | ¥31.87T | ¥30.88T | ¥30.57T |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | ¥398.77B | ¥397.05B | ¥397.05B | ¥397.05B | ¥397.05B | ¥397.05B | ¥397.05B | ¥397.05B | ¥397.05B | ¥397.05B |
| Retained earnings (deficit) | ¥38.88T | ¥35.84T | ¥32.80T | ¥28.34T | ¥26.45T | ¥26.45T | ¥23.43T | ¥20.61T | ¥19.47T | ¥17.60T |
| Treasury stock | — | — | — | — | — | −¥2.90T | −¥3.09T | −¥2.61T | −¥2.06T | −¥1.61T |
| Accumulated other comprehensive income | ¥4.56T | ¥3.61T | ¥4.50T | ¥2.84T | ¥2.20T | ¥1.31T | −¥1.17T | −¥916.65B | ¥435.70B | ¥640.92B |
| Minority interest | ¥1.10T | ¥954.09B | ¥1.02T | ¥925.51B | — | — | — | ¥0 | ¥0 | ¥0 |
| Total shareholders' equity | ¥40.09T | ¥35.92T | ¥34.22T | ¥28.34T | ¥26.25T | ¥26.25T | ¥20.74T | ¥19.91T | ¥18.74T | ¥17.51T |
| Key figures | ||||||||||
| Total debt | ¥43.39T | ¥38.79T | ¥36.56T | ¥29.38T | ¥26.50T | ¥26.50T | ¥21.29T | ¥21.04T | ¥19.35T | ¥19.16T |
| Net cash (debt) | −¥30.68T | −¥22.87T | −¥22.45T | −¥20.15T | −¥17.88T | −¥17.88T | −¥15.60T | −¥14.80T | −¥13.63T | −¥13.26T |
| Working capital | ¥9.26T | ¥7.64T | ¥5.54T | ¥2.50T | ¥1.88T | ¥1.88T | ¥740.15B | ¥696.09B | ¥355.76B | ¥514.73B |
| Tangible book value | ¥37.30T | ¥34.56T | ¥32.87T | ¥27.09T | ¥25.05T | ¥25.05T | ¥19.74T | ¥19.00T | ¥18.74T | ¥17.51T |
| Shares outstanding | 1.30B | 1.31B | 1.35B | 1.37B | 1.39B | 1.42B | 1.42B | 1.46B | 1.50B | 1.53B |
| Current ratio | 1.27 | 1.26 | 1.19 | 1.10 | 1.09 | 1.09 | 1.04 | 1.04 | 1.02 | 1.03 |
| Quick ratio | 0.90 | 1.06 | 1.00 | 0.89 | 0.87 | 0.87 | 0.84 | 0.86 | 0.83 | 0.85 |
| Debt / equity | 1.08 | 1.08 | 1.07 | 1.04 | 1.01 | 1.01 | 1.03 | 1.06 | 1.03 | 1.09 |
| Equity / assets | 37.8% | 38.4% | 38.0% | 38.1% | 38.8% | 38.8% | 39.4% | 37.3% | 37.2% | 35.9% |
| 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 | ¥10.27T | ¥12.71T | ¥7.92T | ¥16.92T | ¥15.97T | ¥15.92T | ¥13.88T | ¥14.06T | ¥13.63T | ¥14.11T | ¥12.23T | ¥11.42T |
| Cash & equivalents | ¥10.27T | ¥12.71T | ¥7.92T | ¥8.11T | ¥8.21T | ¥8.98T | ¥8.29T | ¥7.63T | ¥7.60T | ¥9.41T | ¥7.58T | ¥7.93T |
| Short-term investments | ¥3.01T | ¥3.98T | ¥8.67T | ¥8.81T | ¥7.76T | ¥6.94T | ¥5.60T | ¥6.43T | ¥6.03T | ¥4.70T | ¥4.65T | ¥3.49T |
| Receivables | ¥21.21T | ¥17.59T | ¥17.10T | ¥15.94T | ¥15.22T | ¥15.35T | ¥3.84T | ¥14.67T | ¥16.14T | ¥14.96T | ¥14.38T | ¥13.88T |
| Inventory | ¥5.43T | ¥5.16T | ¥4.63T | ¥4.82T | ¥4.63T | ¥4.60T | ¥4.48T | ¥4.51T | ¥4.79T | ¥4.61T | ¥4.29T | ¥4.75T |
| Other current assets | ¥1.68T | ¥7.55T | ¥11.40T | ¥1.26T | ¥1.26T | ¥1.21T | ¥13.56T | ¥1.13T | ¥1.17T | ¥1.03T | ¥948.35B | ¥996.84B |
| Total current assets | ¥38.60T | ¥43.01T | ¥41.06T | ¥38.94T | ¥37.07T | ¥37.08T | ¥35.76T | ¥34.37T | ¥35.72T | ¥34.71T | ¥31.85T | ¥31.05T |
| Property, plant & equipment (net) | ¥18.12T | ¥18.05T | ¥17.17T | ¥16.69T | ¥15.93T | ¥15.92T | ¥15.96T | ¥14.72T | ¥15.59T | ¥14.79T | ¥13.92T | ¥14.13T |
| Goodwill & intangible assets | ¥1.36T | ¥2.79T | ¥1.36T | ¥1.37T | ¥1.36T | ¥1.36T | ¥1.31T | ¥1.32T | ¥1.36T | ¥1.36T | ¥1.32T | ¥1.31T |
| Long-term investments | ¥16.59T | ¥16.48T | ¥16.48T | ¥15.93T | ¥15.50T | ¥15.68T | ¥17.06T | ¥16.33T | ¥17.30T | ¥17.10T | ¥16.56T | ¥16.76T |
| Other non-current assets | ¥27.30T | ¥25.65T | ¥26.36T | ¥24.65T | ¥23.60T | ¥23.56T | ¥24.59T | ¥22.44T | ¥24.06T | ¥22.15T | ¥20.57T | ¥20.41T |
| Total assets | ¥101.96T | ¥105.98T | ¥102.41T | ¥97.57T | ¥93.47T | ¥93.60T | ¥94.67T | ¥89.17T | ¥94.04T | ¥90.11T | ¥84.23T | ¥83.66T |
| Liabilities | ||||||||||||
| Accounts payable | ¥5.65T | ¥5.88T | ¥5.33T | ¥5.76T | ¥5.11T | ¥4.03T | ¥5.06T | ¥5.10T | ¥5.15T | ¥3.83T | ¥4.91T | ¥5.23T |
| Short-term debt | ¥17.75T | ¥17.66T | ¥17.07T | ¥16.24T | ¥15.51T | ¥15.83T | ¥16.06T | ¥14.89T | ¥16.72T | ¥15.41T | ¥14.70T | ¥14.07T |
| Deferred revenue | — | — | — | — | — | — | — | — | ¥689.70B | ¥1.22T | ¥2.33T | ¥2.25T |
| Total current liabilities | ¥33.02T | ¥33.75T | ¥32.58T | ¥31.03T | ¥29.29T | ¥29.43T | ¥29.44T | ¥27.97T | ¥30.21T | ¥29.18T | ¥27.07T | ¥26.90T |
| Long-term debt | ¥26.08T | ¥25.62T | ¥25.06T | ¥23.63T | ¥22.94T | ¥22.96T | ¥23.52T | ¥21.62T | ¥22.19T | ¥20.77T | ¥19.26T | ¥19.33T |
| Lease obligations | — | ¥711.01B | — | — | — | ¥533.35B | — | — | — | ¥462.57B | — | — |
| Other long-term liabilities | ¥4.88T | ¥5.41T | ¥4.75T | ¥4.46T | ¥4.25T | ¥4.32T | ¥4.86T | ¥4.31T | ¥4.86T | ¥4.93T | ¥4.38T | ¥4.57T |
| Total liabilities | ¥63.98T | ¥64.78T | ¥62.39T | ¥59.12T | ¥56.48T | ¥56.72T | ¥57.82T | ¥53.90T | ¥57.26T | ¥54.87T | ¥50.71T | ¥50.81T |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | ¥394.43B | ¥398.77B | ¥397.32B | ¥397.05B | ¥397.05B | ¥397.05B | ¥397.05B | ¥397.05B | ¥397.05B | ¥397.05B | ¥397.05B | ¥397.05B |
| Retained earnings (deficit) | ¥37.38T | ¥38.88T | ¥37.80T | ¥37.06T | ¥36.12T | ¥35.84T | ¥35.24T | ¥33.62T | ¥32.74T | ¥32.80T | ¥31.73T | ¥30.75T |
| Accumulated other comprehensive income | ¥4.54T | ¥4.56T | ¥4.77T | ¥4.00T | ¥3.49T | ¥3.61T | ¥4.06T | ¥4.00T | ¥5.36T | ¥4.50T | ¥3.87T | ¥4.10T |
| Minority interest | ¥920.10B | ¥1.10T | ¥1.02T | ¥964.84B | ¥952.85B | — | — | — | — | — | — | — |
| Total shareholders' equity | ¥37.06T | ¥40.09T | ¥39.00T | ¥37.49T | ¥36.04T | ¥35.92T | ¥35.91T | ¥34.37T | ¥35.74T | ¥34.22T | ¥32.56T | ¥31.89T |
| Key figures | ||||||||||||
| Total debt | ¥43.66T | ¥43.39T | ¥42.16T | ¥39.86T | ¥38.44T | ¥38.79T | ¥39.58T | ¥36.51T | ¥38.91T | ¥36.56T | ¥33.96T | ¥33.40T |
| Net cash (debt) | −¥33.39T | −¥30.68T | −¥34.23T | −¥22.95T | −¥22.47T | −¥22.87T | −¥25.70T | −¥22.45T | −¥25.29T | −¥22.45T | −¥21.73T | −¥21.98T |
| Working capital | ¥5.58T | ¥9.26T | ¥8.48T | ¥7.91T | ¥7.79T | ¥7.64T | ¥6.32T | ¥6.39T | ¥5.52T | ¥5.54T | ¥4.78T | ¥4.15T |
| Tangible book value | ¥35.70T | ¥37.30T | ¥37.64T | ¥36.12T | ¥34.68T | ¥34.56T | ¥34.60T | ¥33.05T | ¥34.38T | ¥32.87T | ¥31.24T | ¥30.58T |
| Shares outstanding | 1.22B | 1.30B | 1.30B | 1.30B | 1.30B | 1.31B | 1.31B | 1.33B | 1.35B | 1.35B | 1.35B | 1.35B |
| Current ratio | 1.17 | 1.27 | 1.26 | 1.25 | 1.27 | 1.26 | 1.21 | 1.23 | 1.18 | 1.19 | 1.18 | 1.15 |
| Quick ratio | 0.95 | 0.90 | 0.77 | 1.06 | 1.06 | 1.06 | 0.60 | 1.03 | 0.99 | 1.00 | 0.98 | 0.94 |
| Debt / equity | 1.18 | 1.08 | 1.08 | 1.06 | 1.07 | 1.08 | 1.10 | 1.06 | 1.09 | 1.07 | 1.04 | 1.05 |
| Equity / assets | 36.4% | 37.8% | 38.1% | 38.4% | 38.6% | 38.4% | 37.9% | 38.5% | 38.0% | 38.0% | 38.7% | 38.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in Japanese yen as reported (latest annual report filed June 10, 2026); data from EODHD.
TM financial position
At the end of fiscal 2026 (March 31, 2026), Toyota Motor had total assets of ¥105.98 trillion (up 13.2% from a year earlier), total liabilities of ¥64.78 trillion and shareholders' equity of ¥40.09 trillion. It held ¥12.71 trillion in cash and short-term investments against ¥43.39 trillion of debt, net debt of ¥30.68 trillion. Its current ratio was 1.27. In the latest quarter (ended June 30, 2026) total assets were ¥101.96 trillion and equity ¥37.06 trillion.
Related: TM income statement, TM cash flow statement, TM key metrics. See the TM stock overview for the latest quote and news.
TM balance sheet FAQ
What are Toyota Motor's total assets?
Toyota Motor reported total assets of ¥105.98 trillion at the end of fiscal 2026 (March 31, 2026), compared with ¥93.60 trillion a year earlier.
How much debt does Toyota Motor have?
Toyota Motor had ¥43.39 trillion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.08.
How much cash does Toyota Motor have?
Toyota Motor held ¥12.71 trillion in cash and short-term investments at the end of fiscal 2026; with ¥43.39 trillion of debt that is net debt of ¥30.68 trillion.
What is Toyota Motor's book value?
Toyota Motor's shareholders' equity (book value) was ¥40.09 trillion at the end of fiscal 2026.
What is Toyota Motor's current ratio?
Toyota Motor had current assets of ¥43.01 trillion and current liabilities of ¥33.75 trillion, a current ratio of 1.27 (it can cover its short-term obligations).
How much goodwill does Toyota Motor have?
Toyota Motor carried ¥2.79 trillion of goodwill and intangible assets, 2.6% of total assets, at the end of fiscal 2026.