Gerdau (GGB) Balance Sheet: Assets & Liabilities

Gerdau (GGB) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Gerdau reported total assets of BRL 81.69B and total liabilities of BRL 27.89B. Shareholders' equity was BRL 53.59B, down 7.5% from BRL 57.95B a year earlier. Total debt stood at BRL 14.18B against BRL 6.37B in cash and short-term investments, a net debt position of BRL 7.81B. That puts debt-to-equity at 0.26, compared with 0.24 a year earlier.

Gerdau 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 Gerdau S.A. (GGB) - 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	5.93	7.77	3.01	2.48	4.16	4.62	2.64	2.89	2.56
Short-Term Investments	0.45	0.51	2.34	2.96	2.63	3.04	3.65	0.46	0.82
Cash & Short-Term Investments	6.37	8.28	5.34	5.43	6.79	7.66	6.29	3.35	3.38
Accounts Receivable	4.81	5.18	6.87	5.00	5.41	5.99	2.67	4.17	2.80
Inventory	14.73	16.50	15.23	17.82	16.86	9.17	7.66	9.17	6.70
Other Current Assets	0.68	0.63	1.75	3.00	3.57	0.59	1.61	0.81	5.11
Total Current Assets	28.61	32.67	29.20	31.26	32.64	23.41	18.24	17.50	17.98
Non-Current Assets
Property, Plant & Equipment (Net)	31.91	30.76	24.06	21.38	19.60	18.07	16.68	15.55	16.44
Long-Term Investments	3.94	4.22	3.86	3.90	3.34	2.27	1.81	1.74	1.28
Goodwill	12.00	13.85	10.83	11.63	12.43	12.10	9.47	9.11	7.89
Intangible Assets	0.69	0.40	0.37	0.42	0.51	0.62	0.67	0.84	0.97
Other Non-Current Assets	0.54	0.69	4.35	5.21	5.29	3.25	3.06	2.67	2.68
Total Non-Current Assets	53.08	54.15	45.69	42.54	41.17	39.71	35.77	33.78	32.32
Total Assets	81.69	86.81	74.89	73.80	73.81	63.12	54.00	51.28	50.30
Current Liabilities
Accounts Payable	5.01	5.72	5.90	6.62	8.02	5.44	3.76	4.34	3.18
Short-Term Debt	0.94	0.74	2.17	2.49	0.28	1.66	1.76	1.82	2.00
Current Portion of Long-Term Debt	0.94	0.04	0.01	0.63	1.53	-	-	-	-
Accrued Liabilities	0.92	0.92	1.86	1.95	2.61	-	-	-	-
Other Current Liabilities	1.56	2.05	2.71	1.50	1.32	2.97	1.26	1.60	2.18
Total Current Liabilities	9.89	10.85	11.28	13.46	14.04	11.48	7.42	8.50	7.71
Non-Current Liabilities
Long-Term Debt	13.24	12.90	10.03	9.49	12.27	16.73	15.09	13.08	14.51
Deferred Tax Liabilities	2.65	2.49	2.39	0.10	0.10	1.23	1.33	0.89	0.91
Other Non-Current Liabilities	0.47	0.59	1.95	3.80	4.05	2.59	2.99	2.87	3.28
Total Non-Current Liabilities	18.00	17.79	14.36	14.04	16.96	20.56	19.41	16.84	18.69
Total Liabilities	27.89	28.64	25.65	27.50	31.00	32.04	26.83	25.34	26.41
Stockholders' Equity
Common Stock	24.27	24.27	20.22	19.25	19.25	19.25	19.25	19.25	19.25
Retained Earnings	23.05	24.24	25.91	29.94	26.37	7.29	5.64	4.81	3.32
Accumulated Other Comprehensive Income	9.68	13.08	5.98	-2.90	-2.87	7.42	5.18	4.83	4.03
Treasury Stock	0.52	0.73	0.15	0.18	0.15	-	-	-	-
Additional Paid-in Capital	-0.52	-3.64	-3.05	-3.08	-3.02	-3.10	-3.11	-3.15	-0.06
Minority Interest	0.21	0.23	0.18	0.18	0.21	0.22	0.22	0.21	0.25
Shares Outstanding	1.98	2.04	2.10	2.10	2.15	-	-	-	-
Total Stockholders' Equity	53.59	57.95	49.06	46.30	42.82	30.86	26.96	25.73	23.65
Total Liabilities & Equity	81.69	86.81	74.89	73.80	73.81	63.12	54.00	51.28	50.30

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

Frequently Asked Questions About Gerdau Balance Sheet

How much debt does Gerdau have?

Gerdau had total debt of BRL 14.18B as of Dec 31, 2025, against BRL 6.37B in cash and short-term investments. Its debt-to-equity ratio was 0.26. Total debt was BRL 13.64B a year earlier.

What are Gerdau's total assets?

Gerdau reported total assets of BRL 81.69B as of Dec 31, 2025, down 5.9% from BRL 86.81B a year earlier. Total liabilities were BRL 27.89B.

What is Gerdau's shareholders' equity?

Gerdau's shareholders' equity was BRL 53.59B as of Dec 31, 2025, or about BRL 27.13 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