Herbalife LTD. balance sheet

At the end of fiscal 2025, Herbalife LTD. had total assets of $2.79bn, total liabilities of $3.30bn and shareholders' equity of −$515m. It held $353m in cash against $2.05bn of debt: net debt of $1.70bn.

Balance sheet

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

Herbalife LTD.: balance sheet, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash and equivalents	151	191	259	334	973	645	890	844	1,279	1,199	839	1,045	602	508	575	415	353	409
Receivables	77	86	90	116	100	84	70	70	93	71	80	83	67	71	81	69	92	117
Inventory	146	182	248	339	351	378	332	371	341	382	436	501	576	581	505	475	512	508
Total current assets	514	596	786	984	1,643	1,393	1,566	1,463	1,860	1,805	1,488	1,776	1,432	1,356	1,399	1,144	1,145	1,228
Goodwill	103	103	105	105	106	102	92	90	97	93	92	101	95	93	95	88	101	128
Total assets	1,146	1,232	1,463	1,724	2,474	2,355	2,478	2,565	2,895	2,790	2,679	3,076	2,820	2,732	2,809	2,728	2,786	2,889
Accounts payable	37	44	57	75	83	72	71	66	68	81	82	89	92	90	84	70	100	94
Total current liabilities	430	471	580	762	922	875	1,024	792	907	1,589	964	1,127	1,080	977	1,278	1,230	1,013	1,032
Short-term debt	—	—	—	—	81	100	230	10	102	679	24	23	29	30	310	284	21	12
Long-term debt	238	175	202	431	850	1,692	1,393	1,438	2,166	1,775	1,779	2,406	2,733	2,663	2,253	1,977	1,972	1,917
Total debt	250	178	204	488	931	1,792	1,622	1,448	2,385	2,623	1,930	2,537	2,846	2,717	2,581	2,333	2,050	1,952
Total liabilities	787	745	915	1,329	1,922	2,689	2,531	2,369	3,230	3,513	3,069	3,932	4,211	3,998	3,870	3,529	3,295	3,292
Shareholders' equity	351	474	548	396	551	−334	−54	196	−335	−723	−390	−856	−1,392	−1,266	−1,060	−801	−515	−410
Net debt (negative = net cash)	100	−12	−55	154	−42	1,146	732	604	1,106	1,424	1,091	1,492	2,244	2,209	2,006	1,917	1,697	1,543
Shares outstanding	241m	236m	232m	—	202m	184m	185m	186m	165m	143m	137m	120m	101m	98m	99m	101m	103m	105m

US$ millions unless shown otherwise. Fiscal quarters.

Herbalife LTD.: 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	69	90	96	98	92	106	116	117
Inventory	475	488	513	513	512	495	508	508
Total current assets	1,144	1,094	1,103	1,106	1,145	1,252	1,169	1,228
Goodwill	88	89	101	101	101	99	126	128
Total assets	2,728	2,684	2,736	2,697	2,786	2,875	2,858	2,889
Accounts payable	70	85	92	88	100	88	101	94
Total current liabilities	1,230	1,129	1,094	1,000	1,013	1,022	974	1,032
Short-term debt	284	219	168	21	21	9	12	12
Long-term debt	1,977	1,975	1,974	1,997	1,972	1,982	2,004	1,917
Total debt	2,260	2,194	2,142	2,018	1,993	1,991	2,016	1,929
Total liabilities	3,529	3,420	3,391	3,303	3,295	3,309	3,325	3,292
Shareholders' equity	−801	−736	−661	−612	−515	−442	−475	−410
Shares outstanding	101m	102m	103m	103m	103m	103m	105m	105m

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 Herbalife 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 Herbalife LTD.