Afya Ltd balance sheet

At the end of fiscal 2025, Afya Ltd had total assets of $1.71bn, total liabilities of $816m and shareholders' equity of $886m. It held $205m in cash against $375m of debt: net debt of $170m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Afya Ltd: balance sheet, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	8	16	235	201	134	207	114	147	205
Inventory	—	0	1	1	2	2	0	—	—
Total current assets	—	34	277	271	216	310	248	257	355
Total assets	—	237	725	923	1,157	1,362	1,563	1,428	1,709
Total current liabilities	—	47	83	113	137	171	218	184	161
Short-term debt	—	7	13	21	23	27	37	59	11
Long-term debt	—	13	2	98	224	329	334	296	364
Total debt	0	20	15	119	247	356	371	355	375
Total liabilities	—	85	199	377	618	747	812	731	816
Shareholders' equity	14	129	514	536	529	605	742	690	886
Non-controlling interests and other (assets − liabilities − equity)	—	23	—	—	—	—	—	—	—
Net debt (negative = net cash)	−8	4	−220	−82	112	149	257	208	170
Shares outstanding	—	—	—	—	—	95m	94m	86m	96m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Afya Ltd's SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Afya Ltd.