Eaton Corporation (ETN) Balance Sheet: Assets & Liabilities

Eaton Corporation (ETN) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Eaton Corporation reported total assets of $41.25B and total liabilities of $21.78B. Shareholders' equity was $19.43B, up 5.1% from $18.49B a year earlier. Total debt stood at $11.17B against $803.00M in cash and short-term investments, a net debt position of $10.37B. That puts debt-to-equity at 0.57, compared with 0.53 a year earlier.

Eaton Corporation 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 Eaton Corporation plc (ETN) - 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	0.62	0.56	0.49	0.29	0.30	0.44	0.37	0.28	0.56
Short-Term Investments	0.18	1.53	2.12	0.26	0.27	0.66	0.22	0.16	0.53
Cash & Short-Term Investments	0.80	2.08	2.61	0.56	0.59	1.10	0.59	0.44	1.10
Accounts Receivable	5.39	4.62	4.48	4.08	3.30	2.90	3.44	3.86	3.94
Inventory	4.72	4.23	3.74	3.43	2.97	2.11	2.81	2.79	2.62
Other Current Assets	1.44	0.88	0.85	0.69	0.68	3.06	1.90	0.51	0.68
Total Current Assets	12.36	11.80	11.68	8.76	7.51	9.18	8.73	7.59	8.31
Non-Current Assets
Property, Plant & Equipment (Net)	5.08	4.54	4.18	3.72	3.51	3.39	3.93	3.47	3.50
Long-Term Investments	0.00	0.87	0.86	0.00	0.84	0.00	0.00	0.00	0.00
Goodwill	15.77	14.71	14.98	14.80	14.75	12.90	13.46	13.33	13.57
Intangible Assets	5.05	4.66	5.09	5.49	5.86	4.18	4.64	4.85	5.27
Other Non-Current Assets	2.28	1.19	2.05	1.94	2.40	1.75	1.68	1.57	1.70
Total Non-Current Assets	28.90	26.58	26.76	26.27	26.52	22.65	24.08	23.50	24.29
Total Assets	41.25	38.38	38.43	35.03	34.03	31.82	32.81	31.09	32.60
Current Liabilities
Accounts Payable	4.17	3.68	3.37	3.07	2.80	1.99	2.11	2.13	2.17
Short-Term Debt	1.14	0.67	1.03	0.33	0.01	1.05	0.50	0.75	0.58
Current Portion of Long-Term Debt	1.14	0.67	1.02	0.01	1.74	-	-	-	-
Accrued Liabilities	0.64	0.67	0.68	0.47	0.50	-	-	-	-
Deferred Revenue	0.00	0.00	0.61	0.00	0.40	0.00	0.00	0.00	0.00
Other Current Liabilities	4.07	3.51	2.68	2.95	2.17	2.85	2.52	2.27	2.33
Total Current Liabilities	9.37	7.86	7.75	6.36	7.21	5.88	5.13	5.15	5.08
Non-Current Liabilities
Long-Term Debt	10.03	9.15	8.24	8.78	6.83	7.34	8.15	6.77	7.17
Deferred Tax Liabilities	0.27	0.28	0.40	0.53	0.56	0.28	0.40	0.35	0.54
Other Non-Current Liabilities	2.12	2.57	1.49	2.27	3.20	3.36	2.99	2.68	2.55
Total Non-Current Liabilities	12.41	11.99	11.62	11.58	10.36	10.97	11.54	9.80	10.26
Total Liabilities	21.78	19.85	19.36	17.95	17.58	16.85	16.67	14.95	15.31
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	10.70	10.10	10.31	8.47	7.59	6.79	8.17	8.16	8.67
Accumulated Other Comprehensive Income	0.00	-4.34	-3.91	-3.95	-3.63	-4.20	-4.29	-4.15	-3.41
Additional Paid-in Capital	19.43	12.73	12.63	12.51	12.45	12.33	12.20	12.09	11.99
Minority Interest	0.04	0.04	0.03	0.04	0.04	0.04	0.05	0.04	0.04
Shares Outstanding	0.39	0.39	0.40	0.40	0.40	-	-	-	-
Total Stockholders' Equity	19.43	18.49	19.04	17.04	16.45	14.93	16.08	16.11	17.25
Total Liabilities & Equity	41.25	38.38	38.43	35.03	34.03	31.82	32.81	31.09	32.60

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

Frequently Asked Questions About Eaton Corporation Balance Sheet

How much debt does Eaton Corporation have?

Eaton Corporation had total debt of $11.17B as of Dec 31, 2025, against $803.00M in cash and short-term investments. Its debt-to-equity ratio was 0.57. Total debt was $9.82B a year earlier.

What are Eaton Corporation's total assets?

Eaton Corporation reported total assets of $41.25B as of Dec 31, 2025, up 7.5% from $38.38B a year earlier. Total liabilities were $21.78B.

What is Eaton Corporation's shareholders' equity?

Eaton Corporation's shareholders' equity was $19.43B as of Dec 31, 2025, or about $50.08 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