Venture Global, Inc. (VG) Balance Sheet
VG balance sheet, 2025
December 31, 2025 · U.S. dollars$53.45B assets = $43.15B liabilities + $10.30B equity
Both columns are drawn to the same scale: what VG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
VG financial health
Descriptive bands, not a rating. Fiscal 2025.
VG balance sheet trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $15.10B2022 | $53.45B2025 | +52.4%/yr | |
| Total liabilities | $14.59B2022 | $43.15B2025 | +43.5%/yr | |
| Shareholders’ equity | −$186.0M2022 | $6.74B2025 | — | |
| Cash & short-term investments | $618.0M2022 | $2.35B2025 | +56.2%/yr | |
| Total debt | $10.95B2022 | $34.90B2025 | +47.2%/yr | |
| Net cash (debt) | −$10.33B2022 | −$32.55B2025 | −$22.2B | |
| Working capital | −$334.0M2022 | −$304.0M2025 | +$30.0M | |
| Book value per share | −$0.072022 | $2.562025 | — | |
| Current ratio | 0.812022 | 0.932025 | +0.12 | |
| Debt / equity | 14.022023 | 5.182025 | −8.84 | |
| Shares outstanding | 2.58B2022 | 2.63B2025 | +0.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
VG assets
VG liabilities and equity
VG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
VG balance sheet
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | $2.35B | $3.61B | $4.82B | $618.0M |
| Cash & equivalents | $2.35B | $3.61B | $4.82B | $618.0M |
| Receivables | $918.0M | $364.0M | $265.0M | $190.0M |
| Inventory | $253.0M | $171.0M | $44.0M | $26.0M |
| Other current assets | $514.0M | $416.0M | $827.0M | $578.0M |
| Total current assets | $4.04B | $4.56B | $5.96B | $1.41B |
| Property, plant & equipment (net) | $47.33B | $35.28B | $19.82B | $10.93B |
| Goodwill & intangible assets | $209.0M | $0 | $0 | $0 |
| Long-term investments | $0 | $327.0M | $539.0M | $0 |
| Other non-current assets | $1.87B | $3.33B | $2.15B | $2.75B |
| Total assets | $53.45B | $43.49B | $28.46B | $15.10B |
| Liabilities | ||||
| Accounts payable | $737.0M | $1.54B | $436.0M | $252.0M |
| Short-term debt | $812.0M | $190.0M | $178.0M | $150.0M |
| Total current liabilities | $4.34B | $3.54B | $2.31B | $1.75B |
| Long-term debt | $33.64B | $29.33B | $20.68B | $10.54B |
| Lease obligations | $696.0M | $536.0M | $383.0M | $337.0M |
| Other long-term liabilities | $5.16B | $4.25B | $3.38B | $2.31B |
| Total liabilities | $43.15B | $37.12B | $26.38B | $14.59B |
| Shareholders' equity | ||||
| Common stock & paid-in capital | $24.0M | $23.0M | $0 | $0 |
| Retained earnings (deficit) | $4.72B | $2.61B | $1.23B | $688.0M |
| Accumulated other comprehensive income | −$239.0M | −$249.0M | −$260.0M | −$184.0M |
| Minority interest | $3.56B | $3.47B | $575.0M | $695.0M |
| Total shareholders' equity | $6.74B | $2.90B | $1.51B | −$186.0M |
| Key figures | ||||
| Total debt | $34.90B | $29.81B | $21.17B | $10.95B |
| Net cash (debt) | −$32.55B | −$26.20B | −$16.34B | −$10.33B |
| Working capital | −$304.0M | $1.02B | $3.64B | −$334.0M |
| Tangible book value | $6.53B | $2.90B | $1.51B | −$186.0M |
| Book value per share | $2.56 | $1.20 | $0.59 | −$0.07 |
| Shares outstanding | 2.63B | 2.42B | 2.58B | 2.58B |
| Current ratio | 0.93 | 1.29 | 2.57 | 0.81 |
| Quick ratio | 0.75 | 1.12 | 2.20 | 0.46 |
| Debt / equity | 5.18 | 10.29 | 14.02 | — |
| Equity / assets | 12.6% | 6.7% | 5.3% | −1.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $3.19B | $1.93B | $2.35B | $2.21B | $2.25B | $3.60B | $3.61B | $4.56B | $4.82B |
| Cash & equivalents | $3.19B | $1.93B | $2.35B | $2.21B | $2.25B | $3.60B | $3.61B | $4.56B | $4.82B |
| Receivables | $844.0M | $810.0M | $918.0M | $633.0M | $673.0M | $640.0M | $364.0M | $96.0M | $265.0M |
| Inventory | $290.0M | $241.0M | $253.0M | $227.0M | $184.0M | $189.0M | $171.0M | $173.0M | $44.0M |
| Other current assets | $207.0M | $234.0M | $514.0M | $185.0M | $874.0M | $459.0M | $416.0M | $549.0M | $827.0M |
| Total current assets | $4.53B | $3.22B | $4.04B | $3.26B | $3.98B | $4.89B | $4.56B | $5.38B | $5.96B |
| Property, plant & equipment (net) | $53.92B | $50.48B | $47.33B | $44.02B | $40.55B | $37.59B | $35.28B | $31.20B | $19.82B |
| Goodwill & intangible assets | $0 | $0 | $209.0M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $173.0M | $337.0M | $327.0M | $299.0M | $539.0M |
| Other non-current assets | $3.06B | $2.60B | $1.87B | $2.80B | $1.81B | $2.23B | $3.33B | $2.55B | $2.15B |
| Total assets | $61.52B | $56.30B | $53.45B | $50.08B | $46.51B | $45.05B | $43.49B | $39.42B | $28.46B |
| Liabilities | |||||||||
| Accounts payable | $828.0M | $817.0M | $737.0M | $947.0M | $601.0M | $791.0M | $1.54B | $1.17B | $436.0M |
| Short-term debt | $345.0M | $191.0M | $812.0M | $943.0M | $197.0M | $193.0M | $190.0M | $187.0M | $178.0M |
| Total current liabilities | $3.82B | $3.71B | $4.34B | $3.92B | $2.86B | $2.82B | $3.54B | $3.15B | $2.31B |
| Long-term debt | $41.53B | $36.46B | $33.64B | $31.99B | $30.02B | $29.38B | $29.33B | $27.01B | $20.61B |
| Lease obligations | $690.0M | $697.0M | $696.0M | $708.0M | $514.0M | $521.0M | $536.0M | $457.0M | $383.0M |
| Other long-term liabilities | $4.09B | $3.79B | $5.16B | $3.34B | $4.83B | $4.49B | $4.25B | $3.84B | $3.46B |
| Total liabilities | $49.44B | $43.95B | $43.15B | $39.26B | $37.71B | $36.70B | $37.12B | $34.00B | $26.38B |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | $25.0M | $25.0M | $24.0M | $24.0M | $24.0M | $24.0M | $23.0M | $0 | — |
| Retained earnings (deficit) | $6.47B | $5.16B | $4.72B | $3.69B | $3.31B | $2.94B | $2.61B | $1.67B | $1.23B |
| Accumulated other comprehensive income | −$232.0M | −$235.0M | −$239.0M | −$240.0M | −$242.0M | −$246.0M | −$249.0M | −$252.0M | −$260.0M |
| Minority interest | $3.51B | $3.48B | $3.56B | $3.48B | $3.54B | — | — | — | — |
| Total shareholders' equity | $8.57B | $8.86B | $6.74B | $7.34B | $5.27B | $4.88B | $2.90B | $1.95B | $1.51B |
| Key figures | |||||||||
| Total debt | $42.81B | $37.59B | $34.90B | $33.64B | $30.48B | $29.84B | $29.81B | $27.40B | $21.17B |
| Net cash (debt) | −$39.62B | −$35.66B | −$32.55B | −$31.43B | −$28.24B | −$26.24B | −$26.20B | −$22.84B | −$16.34B |
| Working capital | $708.0M | −$493.0M | −$304.0M | −$665.0M | $1.12B | $2.07B | $1.02B | $2.23B | $3.64B |
| Tangible book value | $8.57B | $8.86B | $6.53B | $7.34B | $5.27B | $4.88B | $2.90B | $1.95B | $1.51B |
| Book value per share | $3.24 | $3.57 | $2.57 | $2.78 | $2.00 | $1.85 | $1.20 | $0.81 | $0.59 |
| Shares outstanding | 2.64B | 2.48B | 2.62B | 2.64B | 2.63B | 2.64B | 2.42B | 2.42B | 2.58B |
| Current ratio | 1.19 | 0.87 | 0.93 | 0.83 | 1.39 | 1.73 | 1.29 | 1.71 | 2.57 |
| Quick ratio | 1.06 | 0.74 | 0.75 | 0.73 | 1.02 | 1.50 | 1.12 | 1.48 | 2.20 |
| Debt / equity | 4.99 | 4.24 | 5.18 | 4.58 | 5.79 | 6.11 | 10.29 | 14.04 | 14.02 |
| Equity / assets | 13.9% | 15.7% | 12.6% | 14.7% | 11.3% | 10.8% | 6.7% | 5.0% | 5.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 2, 2026); data from EODHD.
VG financial position
At the end of fiscal 2025 (December 31, 2025), Venture Global had total assets of $53.4 billion (up 22.9% from a year earlier), total liabilities of $43.1 billion and shareholders' equity of $6.7 billion. It held $2.4 billion in cash and short-term investments against $34.9 billion of debt, net debt of $32.5 billion. Its current ratio was 0.93. In the latest quarter (ended June 30, 2026) total assets were $61.5 billion and equity $8.6 billion.
Related: VG income statement, VG cash flow statement, VG key metrics. See the VG stock overview for the latest quote and news.
VG balance sheet FAQ
What are Venture Global's total assets?
Venture Global reported total assets of $53.4 billion at the end of fiscal 2025 (December 31, 2025), compared with $43.5 billion a year earlier.
How much debt does Venture Global have?
Venture Global had $34.9 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 5.18.
How much cash does Venture Global have?
Venture Global held $2.4 billion in cash and short-term investments at the end of fiscal 2025; with $34.9 billion of debt that is net debt of $32.5 billion.
What is Venture Global's book value?
Venture Global's shareholders' equity (book value) was $6.7 billion at the end of fiscal 2025, or $2.56 per share.
What is Venture Global's current ratio?
Venture Global had current assets of $4.0 billion and current liabilities of $4.3 billion, a current ratio of 0.93 (current liabilities exceed current assets).
How much goodwill does Venture Global have?
Venture Global carried $209.0 million of goodwill and intangible assets, 0.4% of total assets, at the end of fiscal 2025.