Equitable Holdings (EQH) Balance Sheet: Assets & Liabilities

Equitable Holdings (EQH) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Equitable Holdings reported total assets of $317.99B and total liabilities of $316.20B. Shareholders' equity was $1.79B, down 49.6% from $3.55B a year earlier. Total debt stood at $6.56B against $14.44B in cash and short-term investments, a net cash position of $7.88B. That puts debt-to-equity at 3.67, compared with 1.68 a year earlier.

Equitable Holdings 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 Equitable Holdings, Inc. (EQH) - Annual data in billions USD
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	12.46	6.96	8.24	4.28	5.19	6.18	4.41	4.47	4.81
Short-Term Investments	0.41	0.14	67.03	63.36	78.22	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	14.44	8.19	75.27	67.64	5.82	11.73	11.44	20.49	18.98
Accounts Receivable	25.19	12.70	8.35	8.47	17.98	0.00	0.00	0.00	0.00
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	0.91	0.64	0.98	-58.91	-72.13	13.03	11.16	10.11	11.76
Total Current Assets	49.04	28.14	28.20	20.32	28.75	24.77	22.60	30.59	30.75
Non-Current Assets
Property, Plant & Equipment (Net)	0.00	0.62	0.52	0.52	0.64	0.69	0.69	0.00	0.00
Long-Term Investments	119.43	108.33	3.38	3.15	102.88	102.54	85.92	65.22	67.07
Goodwill	5.31	5.37	5.43	5.48	4.73	4.60	4.58	4.57	4.57
Intangible Assets	0.28	0.35	0.45	0.57	0.32	0.33	0.36	0.39	0.42
Other Non-Current Assets	146.33	145.80	139.20	128.41	149.51	142.47	135.67	120.03	132.81
Total Non-Current Assets	239.49	191.64	182.77	232.38	263.51	250.63	227.22	190.21	204.87
Total Assets	317.99	295.73	276.81	252.70	292.26	275.40	249.82	220.80	235.62
Current Liabilities
Accounts Payable	3.31	2.71	4.88	5.57	4.88	0.00	0.00	0.00	0.00
Short-Term Debt	0.03	0.00	0.25	0.76	0.09	0.00	0.00	1.12	4.84
Current Portion of Long-Term Debt	-	-	-	0.52	-	-	-	-	-
Accrued Liabilities	1.37	0.78	1.23	0.72	1.28	-	-	-	-
Other Current Liabilities	133.99	17.92	10.93	4.87	15.31	18.17	13.79	6.96	7.02
Total Current Liabilities	1.40	18.94	12.54	6.34	16.69	18.17	13.79	8.14	11.86
Non-Current Liabilities
Long-Term Debt	6.54	5.95	5.38	4.47	5.03	5.28	4.99	4.41	3.08
Other Non-Current Liabilities	308.59	266.82	253.16	237.67	256.21	234.63	215.62	192.63	203.53
Total Non-Current Liabilities	177.34	176.27	170.69	242.76	262.01	239.91	220.62	197.03	206.62
Total Liabilities	316.20	292.18	271.66	249.11	278.70	258.08	234.41	205.18	218.47
Stockholders' Equity
Common Stock	0.01	0.01	0.01	0.00	0.00	0.01	0.01	0.01	0.01
Retained Earnings	8.37	10.63	10.24	9.83	8.88	10.70	11.74	13.99	12.23
Accumulated Other Comprehensive Income	-6.28	-8.71	-7.78	-8.99	2.00	3.86	0.84	-1.40	-0.11
Treasury Stock	5.17	4.20	3.71	3.30	2.85	-	-	-	-
Additional Paid-in Capital	1.93	2.34	2.33	2.30	-0.93	-0.26	0.09	1.27	1.30
Minority Interest	1.86	1.98	2.51	2.20	2.04	1.74	1.96	1.75	3.72
Shares Outstanding	0.28	0.31	0.33	0.37	0.39	-	-	-	-
Total Stockholders' Equity	1.79	3.55	2.65	1.40	13.56	15.58	13.46	13.87	13.42
Total Liabilities & Equity	317.99	295.73	276.81	252.70	292.26	275.40	249.82	220.80	235.62

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

Frequently Asked Questions About Equitable Holdings Balance Sheet

How much debt does Equitable Holdings have?

Equitable Holdings had total debt of $6.56B as of Dec 31, 2025, against $14.44B in cash and short-term investments. Its debt-to-equity ratio was 3.67. Total debt was $5.95B a year earlier.

What are Equitable Holdings's total assets?

Equitable Holdings reported total assets of $317.99B as of Dec 31, 2025, up 7.5% from $295.73B a year earlier. Total liabilities were $316.20B.

What is Equitable Holdings's shareholders' equity?

Equitable Holdings's shareholders' equity was $1.79B as of Dec 31, 2025, or about $6.31 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