Ambev (ABEV) Balance Sheet: Assets & Liabilities

Ambev (ABEV) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Ambev reported total assets of BRL 148.11B and total liabilities of BRL 59.34B. Shareholders' equity was BRL 87.91B, down 11.7% from BRL 99.58B a year earlier. Total debt stood at BRL 5.35B against BRL 20.32B in cash and short-term investments, a net cash position of BRL 14.97B. That puts debt-to-equity at 0.06, compared with 0.00 a year earlier.

Ambev Balance Sheet Analysis

Values in billions BRL

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Ambev S.A. (ABEV) - Annual data in billions BRL
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	18.64	28.60	16.06	14.93	16.63	17.09	11.90	11.46	10.35
Short-Term Investments	1.68	0.07	0.52	0.45	1.91	1.70	0.01	0.01	0.00
Cash & Short-Term Investments	20.32	29.84	16.34	15.38	18.54	18.79	11.92	11.48	10.35
Accounts Receivable	10.23	6.27	5.74	5.35	4.79	4.30	8.57	7.03	7.96
Inventory	10.52	11.69	9.62	12.56	10.35	7.61	5.98	5.40	4.32
Other Current Assets	2.81	18.33	17.71	1.04	1.08	4.64	1.16	1.73	1.72
Total Current Assets	43.88	54.16	36.56	37.82	38.63	35.34	27.62	25.33	24.72
Non-Current Assets
Property, Plant & Equipment (Net)	27.64	30.17	26.63	30.06	29.22	24.77	22.58	20.10	18.82
Long-Term Investments	1.26	0.58	0.53	0.33	0.31	0.55	0.47	0.40	0.36
Goodwill	41.54	44.34	38.00	40.59	42.41	40.02	35.01	34.28	31.40
Intangible Assets	11.04	12.53	10.04	9.22	8.69	7.58	6.31	5.84	4.67
Other Non-Current Assets	11.32	28.51	26.26	1.91	2.06	12.37	6.81	6.16	6.65
Total Non-Current Assets	104.24	108.35	96.08	100.14	99.98	89.85	74.12	68.80	62.13
Total Assets	148.11	162.51	132.64	137.96	138.60	125.20	101.74	94.13	86.85
Current Liabilities
Accounts Payable	22.60	0.33	0.31	24.33	25.08	19.34	15.07	14.05	11.85
Short-Term Debt	1.17	0.16	0.15	0.27	0.22	2.74	0.65	1.94	1.71
Current Portion of Long-Term Debt	3.39	3.45	3.50	0.98	0.85	-	-	-	-
Accrued Liabilities	2.20	2.78	2.13	2.34	2.44	-	-	-	-
Other Current Liabilities	21.84	9.63	6.72	4.24	2.80	5.68	3.79	3.88	10.01
Total Current Liabilities	45.60	49.39	41.01	40.54	38.87	33.48	25.01	25.21	29.07
Non-Current Liabilities
Long-Term Debt	4.18	0.32	0.39	0.45	0.27	2.05	2.41	2.16	2.86
Deferred Tax Liabilities	6.94	5.01	3.32	3.73	3.21	3.04	2.37	2.42	2.33
Other Non-Current Liabilities	2.62	46.74	39.84	1.90	3.45	11.47	9.40	8.46	6.59
Total Non-Current Liabilities	13.74	13.54	11.50	14.09	15.72	16.57	14.18	13.05	11.78
Total Liabilities	59.34	62.93	52.50	54.63	54.58	50.05	39.19	38.26	40.85
Stockholders' Equity
Common Stock	58.28	58.23	58.18	58.13	58.04	57.90	57.87	57.71	57.61
Retained Earnings	18.04	53.64	43.19	0.00	31.19	0.00	0.00	0.00	-0.36
Accumulated Other Comprehensive Income	14.55	-68.56	-77.88	92.25	86.38	80.91	75.69	70.12	63.30
Additional Paid-in Capital	-2.95	-68.56	-77.88	-68.42	-61.78	-64.99	-72.27	-71.58	-74.97
Minority Interest	0.86	0.94	1.17	1.37	1.37	1.34	1.28	1.21	1.97
Shares Outstanding	15.62	15.73	15.75	15.74	15.74	-	-	-	-
Total Stockholders' Equity	87.91	99.58	80.14	81.96	82.64	73.82	61.28	56.25	45.59
Total Liabilities & Equity	148.11	162.51	132.64	137.96	138.60	125.20	101.74	94.13	86.85

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Ambev Balance Sheet

How much debt does Ambev have?

Ambev had total debt of BRL 5.35B as of Dec 31, 2025, against BRL 20.32B in cash and short-term investments. Its debt-to-equity ratio was 0.06. Total debt was BRL 487.66M a year earlier.

What are Ambev's total assets?

Ambev reported total assets of BRL 148.11B as of Dec 31, 2025, down 8.9% from BRL 162.51B a year earlier. Total liabilities were BRL 59.34B.

What is Ambev's shareholders' equity?

Ambev's shareholders' equity was BRL 87.91B as of Dec 31, 2025, or about BRL 5.63 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition