Ultrapar Holdings Inc balance sheet

At the end of fiscal 2025, Ultrapar Holdings Inc had total assets of $9.01bn and shareholders' equity of $2.86bn. It held $580m in cash against $3.67bn of debt: net debt of $3.09bn.

Balance sheet

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

Ultrapar Holdings Inc: balance sheet, annual
Fiscal year	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	683	1,314	1,510	1,015	526	512	409	1,064	1,221	335	580
Receivables	—	6	13	15	9	11	10	33	54	48	54
Inventory	—	855	1,061	864	924	741	703	928	884	633	775
Total current assets	—	4,109	4,677	4,178	3,747	3,367	4,489	3,512	3,843	2,595	3,501
Total assets	—	7,400	8,540	7,860	7,762	6,980	6,997	6,894	7,884	6,397	9,010
Total current liabilities	—	1,686	2,116	1,633	1,293	1,779	2,267	2,415	2,314	1,697	2,163
Short-term debt	—	—	—	—	—	—	—	—	—	563	776
Long-term debt	—	—	—	—	—	2,719	2,424	1,587	2,015	1,679	2,892
Total debt	0	—	0	3,896	3,581	3,346	2,938	2,223	2,296	2,241	3,669
Shareholders' equity	2,014	2,596	2,792	2,435	2,353	1,836	1,806	2,215	2,784	2,451	2,860
Net debt (negative = net cash)	−683	−1,314	−1,510	2,880	3,055	2,833	2,529	1,159	1,075	1,906	3,089
Shares outstanding	—	1,158m	1,157m	1,115m	1,163m	1,185m	—	—	—	—	—

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 Ultrapar Holdings Inc's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Ultrapar Holdings Inc.