Grupo Televisa, S.A.B (TV) Balance Sheet

NYSE: TVAssets, liabilities, debt and equity over 10 years.

TV balance sheet, 2025

December 31, 2025 · Mexican pesos

MX$229.26B assets = MX$126.21B liabilities + MX$103.06B equity

What it ownsMX$229.26BCash & ST investments: MX$36.43B (15.9%)Cash & ST investmentsMX$36.43B · 16%Receivables: MX$17.11B (7.5%)Receivables MX$17.11BInventory: MX$140.6M (0.1%)Other current: MX$6.16B (2.7%)PP&E: MX$65.43B (28.5%)PP&EMX$65.43B · 29%Goodwill & intangibles: MX$33.75B (14.7%)Goodwill & intangiblesMX$33.75B · 15%LT investments: MX$45.82B (20.0%)LT investmentsMX$45.82B · 20%Other non-current: MX$24.41B (10.6%)MX$24.41B=How it is financedMX$229.26BCurrent liabilities: MX$28.26B (12.3%)Current liabilitiesMX$28.26B · 12%Long-term debt: MX$86.11B (37.6%)Long-term debtMX$86.11B · 38%Other LT liabilities: MX$11.83B (5.2%)Shareholders’ equity: MX$103.06B (45.0%)Shareholders’ equityMX$103.06B · 45%

Both columns are drawn to the same scale: what TV owns equals what it owes plus shareholders’ equity. Hover a block for its value.

TV financial health

Current ratio2.12
Comfortable · current assets cover current liabilities 2.12×
Debt / equity0.98
Moderate leverage · MX$0.98 of debt for each $1 of equity
Equity / assets40.8%
Equity-funded · of assets funded by shareholders
Cash / debt39.8%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles14.7%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

TV balance sheet trends, 2016–2025

MetricTrendThenLatestChange
Total assetsMX$306.88B2016MX$229.26B2025−3.2%/yr
Total liabilitiesMX$212.09B2016MX$126.21B2025−5.6%/yr
Shareholders’ equityMX$94.79B2016MX$93.54B2025−0.1%/yr
Cash & short-term investmentsMX$53.04B2016MX$36.43B2025−4.1%/yr
Total debtMX$136.46B2016MX$91.58B2025−4.3%/yr
Net cash (debt)−MX$83.42B2016−MX$55.14B2025+MX$28.3B
Working capitalMX$38.54B2016MX$31.59B2025−MX$7.0B
Current ratio1.6720162.122025+0.45
Debt / equity1.4420160.982025−0.46
Shares outstanding619.5M2016582.3M2025−0.7%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

TV assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

TV liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

TV debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

TV balance sheet in Mexican pesos

2025202420232022202120202019201820172016
Assets
Cash & short-term investmentsMX$36.43BMX$47.49BMX$32.59BMX$51.14BMX$25.79BMX$29.06BMX$27.45BMX$32.21BMX$46.26BMX$53.04B
Cash & equivalentsMX$36.43BMX$46.19BMX$32.59BMX$51.13BMX$25.59BMX$29.06BMX$27.45BMX$32.07BMX$38.73BMX$47.55B
Short-term investmentsMX$11.40BMX$1.30BMX$251.7MMX$11.2MMX$196.7MMX$0MX$1.7MMX$146.7MMX$7.53BMX$5.50B
ReceivablesMX$17.11BMX$6.51BMX$24.11BMX$24.71BMX$32.55BMX$27.19BMX$26.83BMX$28.73BMX$31.32BMX$32.24B
InventoryMX$140.6MMX$463.2MMX$1.26BMX$1.45BMX$2.21BMX$1.64BMX$1.15BMX$1.03BMX$1.49BMX$1.90B
Other current assetsMX$6.16BMX$13.82BMX$5.00BMX$4.24BMX$12.41BMX$11.17BMX$12.59BMX$10.16BMX$7.96BMX$8.79B
Total current assetsMX$59.85BMX$68.28BMX$62.97BMX$81.53BMX$72.96BMX$69.06BMX$68.03BMX$72.14BMX$87.04BMX$95.97B
Property, plant & equipment (net)MX$65.43BMX$67.00BMX$83.93BMX$88.91BMX$95.53BMX$90.49BMX$90.88BMX$87.34BMX$85.72BMX$86.78B
Goodwill & intangible assetsMX$33.75BMX$34.04BMX$35.78BMX$41.12BMX$42.26BMX$42.72BMX$43.33BMX$43.06BMX$35.89BMX$37.62B
Long-term investmentsMX$45.82BMX$46.29BMX$44.01BMX$52.80BMX$32.78BMX$29.79BMX$53.33BMX$59.75BMX$58.11BMX$57.23B
Other non-current assetsMX$24.41BMX$35.87BMX$35.14BMX$33.34BMX$49.38BMX$39.18BMX$34.85BMX$35.55BMX$30.46BMX$29.28B
Total assetsMX$229.26BMX$251.48BMX$261.84BMX$297.71BMX$292.90BMX$271.25BMX$290.42BMX$297.84BMX$297.22BMX$306.88B
Liabilities
Accounts payableMX$14.41BMX$11.53BMX$13.67BMX$16.45BMX$23.10BMX$22.45BMX$33.88BMX$22.63BMX$20.40BMX$23.75B
Short-term debtMX$5.33BMX$5.79BMX$11.27BMX$2.37BMX$5.58BMX$1.89BMX$1.75BMX$988.4MMX$307.0MMX$850.9M
Deferred revenueMX$1.01B—MX$1.68BMX$2.13BMX$9.03BMX$5.94BMX$5.73BMX$14.06BMX$18.80BMX$21.71B
Total current liabilitiesMX$28.26BMX$27.40BMX$35.72BMX$34.70BMX$56.50BMX$43.71BMX$42.37BMX$48.95BMX$50.76BMX$57.43B
Long-term debtMX$86.11BMX$102.54BMX$84.56BMX$111.24BMX$129.89BMX$131.41BMX$128.90BMX$126.94BMX$129.54BMX$135.61B
Lease obligationsMX$5.44BMX$5.39BMX$7.29BMX$8.37BMX$9.68BMX$9.29BMX$9.36BMX$5.32BMX$5.62BMX$6.39B
Other long-term liabilitiesMX$11.83BMX$9.88BMX$8.53BMX$9.38BMX$10.73BMX$8.19BMX$13.66BMX$17.17BMX$17.26BMX$19.05B
Total liabilitiesMX$126.21BMX$139.82BMX$128.81BMX$155.31BMX$197.11BMX$183.31BMX$184.92BMX$193.06BMX$197.56BMX$212.09B
Shareholders' equity
Common stock & paid-in capitalMX$1.97BMX$3.93BMX$2.37BMX$4.84BMX$4.84BMX$4.91BMX$4.91BMX$4.91BMX$4.98BMX$4.98B
Retained earnings (deficit)MX$101.37BMX$112.07BMX$116.41BMX$129.49BMX$87.55BMX$84.28BMX$82.53BMX$78.98BMX$74.98BMX$70.51B
Treasury stock————−MX$14.21B−MX$16.08B−MX$14.02B−MX$14.22B−MX$14.79B−MX$11.43B
Accumulated other comprehensive income−MX$10.10B−MX$12.94B−MX$7.66B−MX$10.80B−MX$13.58B−MX$15.56BMX$1.32BMX$4.15BMX$4.60BMX$2.37B
Minority interestMX$9.47BMX$9.24BMX$15.39BMX$15.82B——MX$0MX$0MX$0MX$0
Total shareholders' equityMX$93.54BMX$102.42BMX$133.03BMX$142.39BMX$95.79BMX$87.94BMX$105.50BMX$104.78BMX$99.66BMX$94.79B
Key figures
Total debtMX$91.58BMX$108.34BMX$95.83BMX$113.61BMX$135.47BMX$133.30BMX$130.65BMX$127.93BMX$129.85BMX$136.46B
Net cash (debt)−MX$55.14B−MX$60.85B−MX$63.24B−MX$62.47B−MX$109.68B−MX$104.25B−MX$103.19B−MX$95.71B−MX$83.58B−MX$83.42B
Working capitalMX$31.59BMX$40.88BMX$27.24BMX$46.84BMX$16.46BMX$25.35BMX$25.66BMX$23.19BMX$36.28BMX$38.54B
Tangible book valueMX$59.79BMX$68.38BMX$97.24BMX$101.27BMX$53.53BMX$45.21BMX$62.17BMX$61.72BMX$63.77BMX$57.17B
Shares outstanding582.3M544.3M587.2M600.8M517.6M557.3M576.5M513.6M588.1M619.5M
Current ratio2.122.491.762.351.291.581.611.471.711.67
Quick ratio1.891.971.592.191.031.291.281.251.531.49
Debt / equity0.981.060.720.801.411.521.241.221.301.44
Equity / assets40.8%40.7%50.8%47.8%32.7%32.4%36.3%35.2%33.5%30.9%

Quarterly columns are labeled by the month the quarter ended. Figures in Mexican pesos as reported (latest annual report filed April 30, 2026); data from EODHD.

TV financial position

At the end of fiscal 2025 (December 31, 2025), Grupo Televisa, S.A.B had total assets of MX$229.3 billion (down 8.8% from a year earlier), total liabilities of MX$126.2 billion and shareholders' equity of MX$93.5 billion. It held MX$36.4 billion in cash and short-term investments against MX$91.6 billion of debt, net debt of MX$55.1 billion. Its current ratio was 2.12. In the latest quarter (ended June 30, 2026) total assets were MX$235.9 billion and equity MX$101.8 billion.

Related: TV income statement, TV cash flow statement, TV key metrics. See the TV stock overview for the latest quote and news.

TV balance sheet FAQ

What are Grupo Televisa, S.A.B's total assets?

Grupo Televisa, S.A.B reported total assets of MX$229.3 billion at the end of fiscal 2025 (December 31, 2025), compared with MX$251.5 billion a year earlier.

How much debt does Grupo Televisa, S.A.B have?

Grupo Televisa, S.A.B had MX$91.6 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.98.

How much cash does Grupo Televisa, S.A.B have?

Grupo Televisa, S.A.B held MX$36.4 billion in cash and short-term investments at the end of fiscal 2025; with MX$91.6 billion of debt that is net debt of MX$55.1 billion.

What is Grupo Televisa, S.A.B's book value?

Grupo Televisa, S.A.B's shareholders' equity (book value) was MX$93.5 billion at the end of fiscal 2025.

What is Grupo Televisa, S.A.B's current ratio?

Grupo Televisa, S.A.B had current assets of MX$59.9 billion and current liabilities of MX$28.3 billion, a current ratio of 2.12 (it can cover its short-term obligations).

How much goodwill does Grupo Televisa, S.A.B have?

Grupo Televisa, S.A.B carried MX$33.7 billion of goodwill and intangible assets, 14.7% of total assets, at the end of fiscal 2025.

Telecom Services: balance sheet