Linde plc balance sheet

At the end of fiscal 2025, Linde plc had total assets of $86.82bn, total liabilities of $47.08bn and shareholders' equity of $38.24bn. It held $5.06bn in cash against $26.99bn of debt.

Balance sheet

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

Linde plc: balance sheet, annual
Fiscal year	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	0.5	0.6	4.5	2.7	3.8	2.8	5.4	4.7	4.9	5.1	3.9
Receivables	—	1.7	4.3	4.3	4.2	4.5	4.6	4.7	4.6	5.0	5.6
Inventory	—	0.6	1.7	1.7	1.7	1.7	2.0	2.1	1.9	2.1	2.1
Total current assets	—	3.3	17.3	10.4	10.9	10.2	13.0	12.6	12.9	13.3	13.4
Goodwill	3.1	3.2	26.9	27.0	28.2	27.0	25.8	26.8	25.9	27.9	27.9
Total assets	—	20.4	93.4	86.6	88.2	81.6	79.7	80.8	80.1	86.8	88.1
Accounts payable	—	0.9	3.2	3.3	3.1	3.5	3.0	3.0	2.5	2.8	2.9
Deferred revenue (current)	—	0.0	1.5	1.8	1.8	2.9	3.1	1.9	1.2	1.2	1.2
Total current liabilities	—	3.3	13.0	12.2	13.7	13.6	16.5	15.7	14.5	15.2	15.6
Short-term debt	—	0.2	1.5	1.7	3.3	1.7	1.6	1.3	2.1	1.8	1.5
Long-term debt	—	7.8	12.3	10.7	12.2	11.3	12.2	13.4	15.3	20.7	20.6
Total debt	0.0	9.0	15.3	14.0	16.2	14.2	17.9	19.4	21.6	27.0	26.7
Total liabilities	—	13.9	36.3	35.0	38.6	36.2	38.3	39.7	40.7	47.1	47.1
Shareholders' equity	5.4	6.0	51.6	49.1	47.3	44.0	40.0	39.7	38.1	38.2	39.4
Non-controlling interests and other (assets − liabilities − equity)	—	0.5	5.5	2.6	2.3	—	—	—	—	—	—
Shares outstanding	—	—	—	534m	523m	509m	—	—	—	—	—

US$ billions unless shown otherwise. Fiscal quarters.

Linde plc: 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	4.6	5.0	5.2	5.3	5.0	5.3	5.6	5.6
Inventory	1.9	2.0	2.1	2.1	2.1	2.1	2.1	2.1
Total current assets	12.9	13.6	13.6	13.3	13.3	12.8	14.2	13.4
Goodwill	25.9	26.5	27.8	27.8	27.9	27.9	27.9	27.9
Total assets	80.1	82.7	86.1	86.0	86.8	86.3	88.3	88.1
Accounts payable	2.5	2.4	2.6	2.6	2.8	2.7	2.8	2.9
Deferred revenue (current)	1.2	1.2	1.3	1.3	1.2	1.2	1.1	1.2
Total current liabilities	14.5	14.5	14.7	16.2	15.2	15.4	16.1	15.6
Short-term debt	2.1	1.8	1.3	2.4	1.8	1.6	2.5	1.5
Long-term debt	15.3	17.6	19.7	18.6	20.7	19.9	20.7	20.6
Total debt	17.4	19.4	21.0	21.0	22.5	21.5	23.2	22.1
Total liabilities	40.7	43.2	46.1	45.9	47.1	46.2	47.7	47.1
Shareholders' equity	38.1	38.0	38.5	38.6	38.2	38.6	39.1	39.4

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 Linde plc's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Linde plc.