Ecopetrol (EC) Balance Sheet: Assets & Liabilities

Ecopetrol (EC) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Ecopetrol reported total assets of COP 283.83T and total liabilities of COP 174.70T. Shareholders' equity was COP 83.67T, down 23.9% from COP 109.98T a year earlier. Total debt stood at COP 109.08T against COP 12.52T in cash and short-term investments, a net debt position of COP 96.56T. That puts debt-to-equity at 1.30, compared with 1.08 a year earlier.

Ecopetrol Balance Sheet Analysis

Values in trillions COP

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Balance sheet showing assets, liabilities, and shareholders' equity for Ecopetrol S.A. (EC) - Annual data in trillions COP
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	10.68	14.05	12.34	15.40	13.44	5.08	7.08	6.31	7.95
Short-Term Investments	1.84	0.85	1.86	1.16	1.63	2.19	1.62	5.32	2.97
Cash & Short-Term Investments	12.52	14.91	14.20	16.56	15.07	7.28	8.70	11.63	10.91
Accounts Receivable	29.36	20.43	33.31	39.22	6.14	8.80	5.11	7.92	5.89
Inventory	8.60	10.03	10.20	11.88	8.40	5.05	5.66	5.10	4.60
Other Current Assets	2.91	3.85	2.79	2.82	0.66	0.37	3.90	2.37	1.82
Total Current Assets	53.39	60.64	68.62	77.28	51.70	22.83	23.36	27.03	23.22
Non-Current Assets
Property, Plant & Equipment (Net)	106.98	156.10	141.23	143.95	126.48	98.82	93.74	85.85	82.71
Long-Term Investments	44.59	13.04	8.79	11.06	8.36	4.05	6.60	4.67	4.90
Goodwill	4.59	5.15	4.85	5.35	4.69	1.59	1.16	0.92	1.16
Intangible Assets	14.03	16.41	14.71	18.15	15.51	0.56	0.48	0.41	0.38
Other Non-Current Assets	50.05	46.88	41.94	47.01	0.41	2.11	8.54	7.36	5.47
Total Non-Current Assets	230.45	237.58	213.67	225.52	190.73	114.86	110.53	99.21	94.62
Total Assets	283.83	301.34	282.28	306.37	242.43	137.69	133.89	126.24	117.85
Current Liabilities
Accounts Payable	15.74	19.30	18.89	19.94	10.47	6.56	10.69	6.99	6.97
Short-Term Debt	10.07	10.11	14.52	21.11	5.22	3.42	5.01	4.02	5.14
Current Portion of Long-Term Debt	10.08	11.29	15.55	22.20	9.21	3.42	-	-	-
Accrued Liabilities	5.13	4.99	4.65	4.29	0.06	2.26	-	-	-
Deferred Revenue	0.00	0.06	0.00	0.12	0.03	0.00	0.00	0.00	0.00
Other Current Liabilities	8.67	4.06	4.47	10.36	1.44	3.29	3.47	5.06	2.73
Total Current Liabilities	34.48	39.63	43.56	56.78	30.25	18.28	21.74	17.82	16.85
Non-Current Liabilities
Long-Term Debt	99.01	108.68	90.27	92.94	84.98	40.98	33.23	34.04	38.40
Deferred Tax Liabilities	11.90	12.00	11.12	11.87	10.85	1.64	0.00	0.00	0.00
Other Non-Current Liabilities	29.32	44.02	46.06	39.17	1.82	12.06	20.69	15.07	14.38
Total Non-Current Liabilities	140.23	152.69	136.32	132.11	121.59	65.91	53.92	49.11	52.79
Total Liabilities	174.70	191.37	179.18	187.28	151.84	84.19	75.66	66.94	69.63
Stockholders' Equity
Common Stock	25.01	25.04	25.04	25.04	25.04	25.04	25.04	25.04	25.04
Retained Earnings	10.45	36.29	35.38	38.71	14.86	10.31	16.12	17.78	7.39
Accumulated Other Comprehensive Income	0.00	11.91	8.67	15.80	21.98	7.95	6.65	7.78	7.40
Additional Paid-in Capital	83.67	6.61	6.61	6.61	6.61	6.61	6.61	6.61	6.61
Minority Interest	25.46	26.06	24.71	27.75	22.09	3.60	3.82	2.09	1.78
Shares Outstanding	0.04	0.04	0.04	0.04	0.04	-	-	-	-
Total Stockholders' Equity	83.67	109.98	103.10	119.09	68.49	53.50	54.41	57.21	46.43
Total Liabilities & Equity	283.83	298.24	282.28	302.79	242.43	137.69	133.89	126.24	117.85

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

Frequently Asked Questions About Ecopetrol Balance Sheet

How much debt does Ecopetrol have?

Ecopetrol had total debt of COP 109.08T as of Dec 31, 2025, against COP 12.52T in cash and short-term investments. Its debt-to-equity ratio was 1.30. Total debt was COP 118.79T a year earlier.

What are Ecopetrol's total assets?

Ecopetrol reported total assets of COP 283.83T as of Dec 31, 2025, down 5.8% from COP 301.34T a year earlier. Total liabilities were COP 174.70T.

What is Ecopetrol's shareholders' equity?

Ecopetrol's shareholders' equity was COP 83.67T as of Dec 31, 2025, or about COP 2034.96 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