Anheuser-busch Inbev SA balance sheet

At the end of fiscal 2025, Anheuser-busch Inbev SA had total assets of $218.81bn and shareholders' equity of $87.29bn. It held $11.64bn in cash against $73.01bn of debt: net debt of $61.38bn.

Balance sheet

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

Anheuser-busch Inbev SA: balance sheet, annual
Fiscal year	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	—	8.6	10.5	7.1	7.2	15.3	12.1	10.0	10.3	11.2	11.6
Receivables	—	6.4	6.6	6.4	6.2	4.8	5.0	5.3	6.0	5.3	6.2
Inventory	—	3.9	4.1	4.2	4.4	4.5	5.4	6.6	5.6	5.0	5.1
Total current assets	—	43.0	24.0	18.3	28.8	26.5	23.9	23.2	23.4	23.0	24.8
Goodwill	—	136.5	140.9	133.3	128.1	121.0	115.8	113.0	117.0	110.5	117.9
Total assets	—	256.6	248.2	233.9	236.6	226.4	217.6	212.9	219.3	206.6	218.8
Total current liabilities	—	40.4	36.6	34.8	34.8	32.4	34.2	34.4	37.2	33.1	34.5
Short-term debt	—	—	—	4.6	5.4	—	—	—	—	—	—
Total debt	—	122.6	116.4	111.6	103.0	—	0.0	0.0	0.0	72.2	73.0
Shareholders' equity	45.7	71.3	72.6	64.5	75.7	68.0	68.7	73.4	81.8	78.2	87.3
Net debt (negative = net cash)	—	114.0	105.9	104.5	95.7	−15.3	−12.1	−10.0	−10.3	61.0	61.4
Shares outstanding	—	2,019m	2,019m	2,019m	2,019m	2,019m	2,019m	2,019m	2,019m	2,019m	2,019m

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 Anheuser-busch Inbev SA'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 Anheuser-busch Inbev SA.