Shinhan Financial Group Co. (SHG) Balance Sheet: Assets & Liabilities

Shinhan Financial Group Co. (SHG) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Shinhan Financial Group Co. reported total assets of KRW 786.01T and total liabilities of KRW 725.64T. Shareholders' equity was KRW 60.37T, up 7.7% from KRW 56.05T a year earlier. Total debt stood at KRW 226.09T against KRW 27.68T in cash and short-term investments, a net debt position of KRW 198.42T. That puts debt-to-equity at 3.74, compared with 2.46 a year earlier.

Shinhan Financial Group Co. Balance Sheet Analysis

Values in trillions KRW

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Shinhan Financial Group Co., Ltd. (SHG) - Annual data in trillions KRW
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	35.28	41.67	35.77	24.39	18.72	34.56	29.61	18.50	23.83
Short-Term Investments	6.54	93.81	90.31	85.47	90.89	58.32	59.38	38.31	42.12
Cash & Short-Term Investments	27.68	135.48	126.08	116.54	119.94	92.87	88.99	56.82	65.94
Accounts Receivable	27.44	13.61	20.99	11.49	0.02	15.10	12.06	9.61	7.95
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	-27.44	0.87	0.71	1.07	0.70	0.41	0.51	0.81	0.38
Total Current Assets	27.68	153.82	147.78	132.41	120.66	108.38	101.56	67.23	74.27
Non-Current Assets
Property, Plant & Equipment (Net)	4.15	6.28	6.05	4.01	5.44	5.01	4.08	3.00	3.02
Long-Term Investments	2.64	2.75	525.95	2.90	2.91	470.94	426.30	374.09	308.17
Goodwill	4.66	4.67	4.68	4.68	4.67	4.69	4.69	3.90	3.90
Intangible Assets	5.89	1.45	1.54	5.81	5.64	0.79	0.87	0.42	0.37
Other Non-Current Assets	45.73	3.85	5.65	7.18	25.49	15.21	14.70	10.52	35.97
Total Non-Current Assets	758.30	585.94	544.02	532.02	521.21	496.86	450.86	392.37	352.03
Total Assets	786.01	739.76	691.80	664.43	648.15	605.23	552.42	459.60	426.31
Current Liabilities
Accounts Payable	29.03	15.14	18.92	12.34	14.04	14.57	11.89	9.75	8.52
Short-Term Debt	77.71	0.03	17.35	0.05	10.75	11.14	9.18	7.69	27.59
Accrued Liabilities	6.96	7.02	5.88	4.42	3.27	-	-	-	-
Other Current Liabilities	-29.03	436.94	396.01	397.89	376.84	340.63	310.15	277.97	262.89
Total Current Liabilities	77.71	464.88	433.24	421.28	402.33	367.42	332.45	296.39	299.69
Non-Current Liabilities
Long-Term Debt	148.39	137.80	126.44	126.57	123.32	105.92	105.08	86.02	82.99
Deferred Tax Liabilities	0.45	0.42	0.54	0.81	0.42	0.58	0.45	0.02	0.01
Other Non-Current Liabilities	575.26	76.30	74.59	69.16	64.39	84.48	72.04	40.14	9.40
Total Non-Current Liabilities	652.65	216.06	202.24	189.73	189.31	191.46	178.04	126.56	92.91
Total Liabilities	725.64	680.94	635.47	611.01	556.92	558.88	510.49	422.95	392.60
Stockholders' Equity
Common Stock	2.97	2.70	2.70	2.97	2.97	2.61	2.37	2.37	2.37
Retained Earnings	41.80	39.02	36.39	33.96	30.54	27.78	25.53	22.96	20.79
Accumulated Other Comprehensive Income	-2.47	-1.82	-1.07	-1.91	-0.91	-0.40	-0.26	-0.75	-0.53
Additional Paid-in Capital	10.92	12.09	15.44	12.10	14.40	13.73	11.18	10.87	9.91
Minority Interest	2.41	2.77	2.60	2.69	2.25	2.29	2.75	0.93	0.88
Shares Outstanding	0.00	0.00	0.00	0.00	0.00	-	-	-	-
Total Stockholders' Equity	60.37	56.05	53.72	53.42	49.54	44.07	39.18	35.73	32.82
Total Liabilities & Equity	785.98	739.76	691.80	664.43	641.86	605.23	552.42	459.60	426.31

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

Frequently Asked Questions About Shinhan Financial Group Co. Balance Sheet

How much debt does Shinhan Financial Group Co. have?

Shinhan Financial Group Co. had total debt of KRW 226.09T as of Dec 31, 2025, against KRW 27.68T in cash and short-term investments. Its debt-to-equity ratio was 3.74. Total debt was KRW 137.83T a year earlier.

What are Shinhan Financial Group Co.'s total assets?

Shinhan Financial Group Co. reported total assets of KRW 786.01T as of Dec 31, 2025, up 6.3% from KRW 739.76T a year earlier. Total liabilities were KRW 725.64T.

What is Shinhan Financial Group Co.'s shareholders' equity?

Shinhan Financial Group Co.'s shareholders' equity was KRW 60.37T as of Dec 31, 2025, or about KRW 126524.97 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