nVent Electric plc balance sheet
At the end of fiscal 2025, nVent Electric plc had total assets of $6.85bn, total liabilities of $3.12bn and shareholders' equity of $3.73bn. It held $238m in cash against $1.57bn of debt.
Balance sheet
| 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 | 22 | 27 | 159 | 106 | 123 | 50 | 298 | 185 | 131 | 238 | 1,122 |
| Inventory | — | 222 | 228 | 245 | 235 | 322 | 347 | 360 | 360 | 472 | 574 |
| Total current assets | — | 733 | 847 | 799 | 764 | 912 | 1,229 | 1,336 | 1,389 | 1,640 | 2,957 |
| Goodwill | 2,223 | 2,238 | 2,234 | 2,279 | 2,098 | 2,187 | 1,466 | 1,858 | 2,222 | 2,678 | 2,676 |
| Total assets | 4,494 | 4,725 | 4,553 | 4,640 | 4,366 | 4,674 | 4,902 | 6,162 | 6,735 | 6,852 | 8,103 |
| Accounts payable | — | 174 | 186 | 187 | 171 | 261 | 252 | 240 | 280 | 359 | 536 |
| Total current liabilities | — | 391 | 462 | 462 | 450 | 636 | 650 | 734 | 802 | 1,004 | 1,234 |
| Short-term debt | — | 0 | 13 | 18 | 20 | 5 | 15 | 32 | 38 | 14 | 14 |
| Long-term debt | — | 0 | 929 | 1,047 | 928 | 994 | 1,068 | 1,749 | 2,118 | 1,546 | 2,168 |
| Total debt | 0 | 0 | 948 | 1,070 | 952 | 1,006 | 1,089 | 1,793 | 2,166 | 1,568 | 2,197 |
| Total liabilities | — | 934 | 1,866 | 2,048 | 1,956 | 2,178 | 2,171 | 3,020 | 3,497 | 3,122 | 3,990 |
| Shareholders' equity | 3,486 | 3,791 | 2,687 | 2,593 | 2,410 | 2,496 | 2,732 | 3,142 | 3,238 | 3,730 | 4,113 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Inventory | 360 | 374 | 416 | 455 | 472 | 512 | 522 | 574 |
| Total current assets | 1,389 | 2,382 | 1,485 | 1,531 | 1,640 | 1,788 | 2,004 | 2,957 |
| Goodwill | 2,222 | 2,228 | 2,679 | 2,679 | 2,678 | 2,676 | 2,676 | 2,676 |
| Total assets | 6,735 | 6,726 | 6,742 | 6,766 | 6,852 | 6,962 | 7,146 | 8,103 |
| Accounts payable | 280 | 282 | 310 | 341 | 359 | 422 | 496 | 536 |
| Total current liabilities | 802 | 831 | 890 | 973 | 1,004 | 1,055 | 1,113 | 1,234 |
| Short-term debt | 38 | 15 | 14 | 14 | 14 | 14 | 14 | 14 |
| Long-term debt | 2,118 | 1,748 | 1,752 | 1,580 | 1,546 | 1,543 | 1,479 | 2,168 |
| Total debt | 2,155 | 1,763 | 1,766 | 1,593 | 1,560 | 1,557 | 1,492 | 2,181 |
| Total liabilities | 3,497 | 3,110 | 3,223 | 3,137 | 3,122 | 3,165 | 3,159 | 3,990 |
| Shareholders' equity | 3,238 | 3,616 | 3,519 | 3,629 | 3,730 | 3,797 | 3,987 | 4,113 |
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