The Walt Disney Company balance sheet

At the end of fiscal 2025, The Walt Disney Company had total assets of $197.51bn and shareholders' equity of $109.87bn. It held $5.70bn in cash against $42.03bn of debt: net debt of $36.33bn.

Balance sheet

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

The Walt Disney Company: balance sheet, annual
Fiscal year	2017Sept 2017	2018Sept 2018	2019Sept 2019	2020Oct 2020	2021Oct 2021	2022Oct 2022	2023Sept 2023	2024Sept 2024	2025Sept 2025	LTMJun 2026
Cash and equivalents	4.0	4.2	5.4	17.9	16.0	11.6	14.2	6.0	5.7	5.2
Receivables	—	9.3	15.5	12.7	13.4	12.7	12.3	12.7	13.2	14.6
Inventory	—	1.4	1.6	1.6	1.3	1.7	2.0	2.0	2.1	2.1
Total current assets	—	16.8	28.1	35.3	33.7	29.1	32.8	25.2	24.3	24.9
Goodwill	31.4	31.3	80.3	77.7	78.1	77.9	77.1	73.3	73.3	74.7
Total assets	—	98.6	194.0	201.5	203.6	203.6	205.6	196.2	197.5	204.7
Accounts payable	—	6.5	13.8	13.2	16.4	16.2	15.1	14.8	15.1	—
Deferred revenue (current)	—	4.6	4.1	3.7	4.1	5.5	5.6	5.6	5.7	6.4
Total current liabilities	—	17.9	31.3	26.6	31.1	29.1	31.1	34.6	34.2	35.1
Short-term debt	—	3.8	8.9	5.7	5.9	3.1	4.3	6.8	6.7	8.6
Long-term debt	—	17.1	38.1	52.9	48.5	45.3	42.1	39.0	35.3	37.4
Total debt	0.0	20.9	47.0	58.6	54.4	48.4	46.4	45.8	42.0	46.0
Shareholders' equity	—	52.7	88.9	83.6	88.6	95.0	99.3	100.7	109.9	110.0
Net debt (negative = net cash)	−4.0	16.7	41.6	40.7	38.4	36.8	32.2	39.8	36.3	40.9
Shares outstanding	—	—	—	—	—	1,800m	1,800m	1,900m	1,900m	—

US$ billions unless shown otherwise. Fiscal quarters.

The Walt Disney Company: balance sheet, quarterly
Quarter	2024 Q4Sept 2024	2025 Q1Dec 2024	2025 Q2Mar 2025	2025 Q3Jun 2025	2025 Q4Sept 2025	2026 Q1Dec 2025	2026 Q2Mar 2026	2026 Q3Jun 2026
Receivables	12.7	13.8	12.6	13.4	13.2	15.1	14.4	14.6
Inventory	2.0	2.0	2.0	2.1	2.1	2.2	2.1	2.1
Total current assets	25.2	23.7	22.7	23.8	24.3	25.5	24.6	24.9
Goodwill	73.3	73.3	73.3	73.3	73.3	74.7	74.7	74.7
Total assets	196.2	197.0	195.8	196.6	197.5	202.1	205.2	204.7
Accounts payable	14.8	—	—	—	15.1	—	—	—
Deferred revenue (current)	5.6	6.1	6.3	6.1	5.7	6.1	6.9	6.4
Total current liabilities	34.6	34.8	34.0	33.0	34.2	38.0	36.2	35.1
Short-term debt	6.8	6.6	6.4	5.7	6.7	10.8	8.9	8.6
Long-term debt	39.0	38.7	36.4	36.5	35.3	35.8	38.5	37.4
Total debt	45.8	45.3	42.9	42.3	42.0	46.6	47.4	46.0
Shareholders' equity	100.7	101.9	104.3	109.1	109.9	108.5	108.7	110.0
Shares outstanding	1,900m	1,900m	—	—	1,900m	—	—	—

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 The Walt Disney Company's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to The Walt Disney Company.