How much debt does Diageo have?

Diageo had total debt of $21.51B as of Jun 30, 2026, against $1.78B in cash and short-term investments. Its debt-to-equity ratio was 1.66. Total debt was $23.75B a year earlier.

What are Diageo's total assets?

Diageo reported total assets of $46.84B as of Jun 30, 2026, down 5.0% from $49.32B a year earlier. Total liabilities were $33.89B.

What is Diageo's shareholders' equity?

Diageo's shareholders' equity was $12.95B as of Jun 30, 2026, or about $5.82 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.

Diageo (DEO) Balance Sheet: Assets & Liabilities

Diageo Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Diageo plc (DEO) - Annual data in billions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Jun 2026	Jun 2025	Jun 2024	Jun 2023	Jul 2022	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017
Current Assets
Cash and Cash Equivalents	1.52	2.20	1.13	1.43	2.77	2.77	2.75	3.32	0.93	0.87	1.19
Short-Term Investments	0.26	0.32	0.28	0.00	-	0.30	0.12	0.08	0.13	0.03	0.02
Cash & Short-Term Investments	1.78	2.52	1.41	1.43	2.77	3.07	2.87	3.40	1.06	0.90	1.27
Accounts Receivable	2.60	3.50	3.49	2.94	3.57	3.55	2.79	2.14	2.99	2.60	2.43
Inventory	10.53	10.66	9.72	7.62	8.58	8.58	6.05	5.77	5.47	5.02	4.79
Other Current Assets	1.15	0.78	0.49	0.34	0.58	0.51	-0.26	0.16	-0.15	0.18	0.16
Total Current Assets	17.21	17.50	15.13	12.33	15.65	15.65	11.45	11.47	9.37	8.69	8.65
Non-Current Assets
Property, Plant & Equipment (Net)	9.00	9.53	8.51	6.11	7.11	7.08	4.85	4.93	4.46	4.09	4.01
Long-Term Investments	5.28	5.37	5.13	3.87	4.49	4.42	3.55	4.21	3.50	3.20	2.90
Goodwill	2.44	2.95	2.86	0.00	2.77	2.77	1.96	1.91	2.68	2.68	2.72
Intangible Assets	10.94	11.83	11.95	11.45	11.63	11.63	8.81	9.39	9.88	9.89	9.84
Other Non-Current Assets	1.01	2.15	1.90	1.53	2.61	1.94	1.24	1.28	1.27	1.04	0.59
Total Non-Current Assets	29.63	31.83	30.35	23.10	-	28.53	20.51	21.84	21.92	21.02	20.20
Total Assets	46.85	49.32	45.47	35.43	44.18	44.18	31.95	33.31	31.30	29.72	28.85
Current Liabilities
Accounts Payable	2.83	6.95	6.35	5.27	7.16	7.12	2.01	1.33	1.69	1.51	1.37
Short-Term Debt	2.45	2.93	2.89	1.69	1.85	1.85	1.94	2.10	2.01	1.86	2.52
Current Portion of Long-Term Debt	-	2.91	2.39	1.84	1.84	-	2.28	-	-	-	-
Accrued Liabilities	-	0.22	0.10	0.15	0.19	-	0.19	-	-	-	-
Deferred Revenue	0.00	0.08	0.08	0.00	-	0.09	0.54	0.08	0.06	0.04	0.03
Other Current Liabilities	1.74	0.61	0.53	0.50	1.06	0.14	2.50	2.74	2.86	2.71	2.45
Total Current Liabilities	10.73	10.71	9.87	7.57	10.27	10.22	7.14	6.50	7.00	6.36	6.66
Non-Current Liabilities
Long-Term Debt	19.06	20.82	18.62	15.19	17.63	17.54	13.15	15.15	10.68	8.27	6.74
Deferred Tax Liabilities	2.46	2.94	2.95	2.17	2.81	2.81	1.95	1.97	2.03	1.99	2.11
Other Non-Current Liabilities	1.08	4.61	4.92	1.72	4.94	1.74	1.29	1.25	1.41	1.39	1.31
Total Non-Current Liabilities	23.16	25.43	23.54	18.62	22.57	22.46	16.38	18.37	14.14	11.64	10.16
Total Liabilities	33.89	36.14	33.40	26.19	32.67	32.67	23.52	24.87	21.14	18.00	16.82
Stockholders' Equity
Common Stock	0.89	0.89	0.89	0.71	0.88	0.88	0.74	0.74	0.75	0.78	0.80
Retained Earnings	10.50	8.05	7.53	5.20	4.32	8.49	5.06	4.34	5.91	7.83	7.65
Accumulated Other Comprehensive Income	-0.01	0.45	-0.09	0.00	2.64	2.17	1.62	2.27	2.37	2.13	2.69
Treasury Stock	2.21	2.23	2.25	2.29	-	2.22	-	-	-	-	-
Additional Paid-in Capital	5.79	5.79	1.61	2.37	-	5.53	-0.53	-0.59	-0.68	-0.80	-0.83
Minority Interest	2.08	2.09	2.04	1.46	-	2.08	1.53	1.67	1.80	1.77	1.72
Shares Outstanding	2.22	2.22	2.22	2.24	-	2.28	-	-	-	-	-
Total Stockholders' Equity	12.95	13.18	12.07	7.78	11.51	9.44	6.90	6.77	8.36	9.95	10.31
Total Liabilities & Equity	46.85	49.32	45.47	44.88	-	44.18	31.95	33.31	31.30	29.72	28.85

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

Diageo Balance Sheet Analysis

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