Linde (LIN) Balance Sheet: Assets & Liabilities

Linde (LIN) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Linde reported total assets of $86.82B and total liabilities of $47.08B. Shareholders' equity was $39.74B, up 4.3% from $38.09B a year earlier. Total debt stood at $25.19B against $5.06B in cash and short-term investments, a net debt position of $20.14B. That puts debt-to-equity at 0.63, compared with 0.57 a year earlier.

Linde 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 Linde plc (LIN) - 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	5.06	4.85	4.66	5.44	2.82	3.75	2.70	4.47	0.62
Cash & Short-Term Investments	5.06	4.85	4.66	5.44	2.82	3.75	2.70	4.47	0.62
Accounts Receivable	4.97	4.62	5.09	4.56	4.50	4.59	4.97	4.83	1.80
Inventory	2.06	1.95	2.12	1.98	1.73	1.73	1.70	1.65	0.61
Other Current Assets	0.98	0.21	0.75	0.10	0.15	0.85	0.99	6.33	0.25
Total Current Assets	13.33	12.95	12.62	13.05	10.16	10.92	10.35	17.27	3.29
Non-Current Assets
Property, Plant & Equipment (Net)	28.26	25.76	25.49	24.42	27.02	28.71	29.06	29.72	12.06
Long-Term Investments	2.02	2.13	2.38	2.35	2.62	2.08	2.07	1.91	0.74
Goodwill	27.93	25.94	26.75	25.82	27.04	28.20	27.02	26.87	3.23
Intangible Assets	11.87	11.33	12.40	12.42	13.80	16.18	16.14	16.22	0.55
Other Non-Current Assets	3.42	0.24	0.95	0.24	0.32	1.86	1.73	0.88	0.37
Total Non-Current Assets	73.49	67.20	68.19	66.61	71.45	77.31	76.26	76.11	17.15
Total Assets	86.82	80.15	80.81	79.66	81.61	88.23	86.61	93.39	20.44
Current Liabilities
Accounts Payable	2.81	2.51	3.02	3.00	3.50	3.10	3.27	3.22	0.92
Short-Term Debt	4.51	6.28	6.20	5.72	2.87	4.28	3.52	3.01	1.22
Current Portion of Long-Term Debt	1.80	2.06	1.26	1.60	1.71	-	-	-	-
Accrued Liabilities	0.68	2.17	2.30	2.27	2.06	-	-	-	-
Deferred Revenue	1.23	1.19	1.90	3.07	2.94	1.77	1.76	1.79	0.01
Other Current Liabilities	4.17	1.22	3.68	1.27	1.23	3.72	2.98	5.84	0.92
Total Current Liabilities	15.20	14.54	15.72	16.48	13.64	13.74	12.16	12.96	3.31
Non-Current Liabilities
Long-Term Debt	20.68	15.34	14.11	12.20	11.34	12.95	11.41	12.37	7.79
Deferred Tax Liabilities	0.00	5.66	5.75	0.00	-7.00	-7.24	-7.24	2.29	1.17
Other Non-Current Liabilities	11.20	2.16	3.09	0.93	1.09	11.96	11.41	3.35	2.82
Total Non-Current Liabilities	31.88	26.12	24.00	21.79	22.52	24.91	22.82	23.33	10.61
Total Liabilities	47.08	40.66	39.72	38.27	36.16	38.65	34.98	36.29	13.91
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	16.61	12.63	8.85	20.54	18.71	17.18	16.84	16.53	13.22
Accumulated Other Comprehensive Income	-6.23	-6.89	-5.81	-5.78	-5.05	-4.69	-4.81	-4.46	-4.10
Treasury Stock	11.56	7.25	3.13	14.74	9.81	-	-	-	-
Additional Paid-in Capital	27.87	39.60	36.68	40.01	40.18	34.83	37.05	39.52	-3.11
Minority Interest	1.50	1.40	1.38	1.36	1.41	2.27	2.56	5.50	0.50
Shares Outstanding	0.46	0.47	0.48	0.49	0.51	-	-	-	-
Total Stockholders' Equity	39.74	38.09	39.72	40.03	44.04	47.32	49.07	51.60	6.02
Total Liabilities & Equity	86.82	80.15	80.81	79.66	81.61	88.23	86.61	93.39	20.44

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

Frequently Asked Questions About Linde Balance Sheet

How much debt does Linde have?

Linde had total debt of $25.19B as of Dec 31, 2025, against $5.06B in cash and short-term investments. Its debt-to-equity ratio was 0.63. Total debt was $21.62B a year earlier.

What are Linde's total assets?

Linde reported total assets of $86.82B as of Dec 31, 2025, up 8.3% from $80.15B a year earlier. Total liabilities were $47.08B.

What is Linde's shareholders' equity?

Linde's shareholders' equity was $39.74B as of Dec 31, 2025, or about $85.71 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