Dow Inc. balance sheet

At the end of fiscal 2025, Dow Inc. had total assets of $58.54bn and shareholders' equity of $16.01bn. It held $3.82bn in cash against $18.07bn of debt: net debt of $14.26bn.

Balance sheet

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

Dow Inc.: balance sheet, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash and equivalents	6.2	2.7	2.4	5.1	3.0	3.9	3.0	2.2	3.8	4.1
Receivables	—	5.6	4.8	5.1	6.8	5.6	4.7	4.8	4.8	5.9
Inventory	—	6.9	6.2	5.7	7.4	7.0	6.1	6.5	6.6	7.0
Total current assets	—	39.4	16.8	19.1	20.8	20.5	17.6	16.6	18.1	20.2
Goodwill	9.8	9.8	8.8	8.9	8.8	8.6	8.6	8.6	8.0	7.9
Total assets	—	83.7	60.5	61.5	63.0	60.6	58.0	57.3	58.5	61.0
Deferred revenue (current)	—	0.1	0.2	0.3	0.2	0.3	0.2	0.2	0.2	0.2
Total current liabilities	—	15.5	10.7	11.1	13.2	11.3	10.0	10.3	9.2	11.5
Short-term debt	—	0.3	0.6	0.2	0.2	0.4	0.1	—	—	—
Long-term debt	—	19.6	16.4	17.0	14.5	15.1	14.9	16.2	17.8	16.8
Total debt	0.0	19.9	17.0	17.1	14.7	15.4	15.1	16.2	18.1	17.5
Shareholders' equity	31.5	32.5	13.5	12.4	18.2	20.7	18.6	17.4	16.0	16.2
Net debt (negative = net cash)	−6.2	17.2	14.6	12.0	11.7	11.5	12.1	14.0	14.3	13.4

US$ billions unless shown otherwise. Fiscal quarters.

Dow Inc.: balance sheet, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Receivables	4.8	4.9	5.4	5.0	4.8	5.2	6.4	5.9
Inventory	6.5	6.8	6.7	6.7	6.6	6.8	7.2	7.0
Total current assets	16.6	16.3	17.7	19.6	18.1	19.5	20.9	20.2
Goodwill	8.6	8.6	8.7	8.7	8.0	7.9	7.9	7.9
Total assets	57.3	57.5	59.0	61.0	58.5	59.8	61.6	61.0
Deferred revenue (current)	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2
Total current liabilities	10.3	10.6	10.5	10.1	9.2	10.5	11.9	11.5
Long-term debt	16.2	15.9	16.2	17.7	17.8	17.3	17.2	16.8
Total debt	16.2	15.9	16.2	17.7	17.8	17.3	17.2	16.8
Shareholders' equity	17.4	16.8	17.2	17.5	16.0	15.2	15.9	16.2

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 Dow Inc.'s SEC filings (10-K and 10-Q), retrieved October 24, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Dow Inc.