Suzano (SUZ) Balance Sheet: Assets & Liabilities

Suzano (SUZ) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Suzano reported total assets of BRL 167.85B and total liabilities of BRL 123.92B. Shareholders' equity was BRL 43.79B, up 35.1% from BRL 32.42B a year earlier. Total debt stood at BRL 106.22B against BRL 25.10B in cash and short-term investments, a net debt position of BRL 81.12B. That puts debt-to-equity at 2.43, compared with 3.13 a year earlier.

Suzano 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 Suzano S.A. (SUZ) - 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	15.17	9.02	8.35	9.51	13.59	1.32	0.81	4.39	1.08
Short-Term Investments	9.93	12.97	12.82	7.55	7.51	0.43	1.53	21.10	1.63
Cash & Short-Term Investments	25.10	21.99	21.17	17.05	21.10	1.74	2.34	25.49	2.71
Accounts Receivable	8.96	9.13	6.85	9.61	6.53	0.78	1.09	2.54	2.30
Inventory	8.23	7.96	5.95	5.73	4.64	0.78	1.21	1.85	1.21
Other Current Assets	1.56	1.99	3.72	4.18	0.94	0.15	0.06	0.92	0.59
Total Current Assets	43.85	42.18	38.57	37.12	34.10	3.46	4.69	30.80	6.80
Non-Current Assets
Property, Plant & Equipment (Net)	95.68	70.17	64.49	55.77	42.96	10.52	13.81	17.02	16.21
Long-Term Investments	9.94	2.21	1.05	1.03	0.26	0.36	0.46	0.01	0.01
Goodwill	8.18	8.41	8.42	8.25	8.25	1.54	2.00	0.16	0.05
Intangible Assets	4.78	5.72	6.56	7.18	8.01	1.68	2.40	0.18	0.14
Other Non-Current Assets	3.92	37.48	24.74	24.08	13.10	0.36	0.45	5.75	5.32
Total Non-Current Assets	124.01	123.75	105.02	96.08	84.87	16.14	19.64	23.13	21.73
Total Assets	167.85	165.94	143.59	133.20	118.98	19.60	24.34	53.93	28.52
Current Liabilities
Accounts Payable	5.14	6.03	5.57	6.21	3.29	0.45	0.59	0.63	0.62
Short-Term Debt	2.34	10.50	4.75	3.33	3.66	0.33	1.49	3.43	2.12
Current Portion of Long-Term Debt	3.00	10.50	4.76	3.34	3.66	-	-	-	-
Accrued Liabilities	1.13	1.60	1.21	1.12	0.59	-	-	-	-
Deferred Revenue	0.13	0.15	0.17	0.13	0.10	0.00	0.01	0.08	0.09
Other Current Liabilities	6.16	5.33	2.33	3.02	2.03	0.61	0.45	1.76	0.85
Total Current Liabilities	13.77	24.48	14.80	14.49	11.55	1.57	2.85	6.06	3.71
Non-Current Liabilities
Long-Term Debt	103.89	90.93	72.41	71.24	75.97	14.52	15.08	32.31	10.08
Deferred Tax Liabilities	0.00	0.01	0.01	0.00	0.00	0.00	0.14	1.04	1.79
Other Non-Current Liabilities	6.19	12.00	6.08	8.79	0.45	2.09	1.77	3.54	2.29
Total Non-Current Liabilities	110.16	109.04	83.99	85.54	92.25	16.61	16.99	35.85	13.19
Total Liabilities	123.92	133.52	98.78	100.03	103.80	18.19	19.84	41.91	16.90
Stockholders' Equity
Common Stock	24.22	19.24	9.24	9.24	9.24	1.78	2.30	6.24	6.24
Retained Earnings	0.00	12.98	36.91	25.93	3.93	-0.76	0.00	2.99	2.92
Accumulated Other Comprehensive Income	21.08	1.35	1.54	1.72	2.13	0.41	2.23	3.00	3.32
Treasury Stock	1.51	1.34	1.48	2.12	0.22	-	-	-	-
Additional Paid-in Capital	-1.51	-1.34	-1.48	-26.33	-0.22	-0.04	-0.05	-0.22	-0.24
Minority Interest	0.14	0.13	0.12	0.11	0.10	0.02	0.03	0.01	0.00
Shares Outstanding	1.24	1.24	1.29	1.31	1.35	-	-	-	-
Total Stockholders' Equity	43.79	32.42	44.81	33.17	15.08	1.39	4.47	12.01	11.62
Total Liabilities & Equity	167.85	165.94	143.59	133.20	118.98	19.60	24.34	53.93	28.52

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

Frequently Asked Questions About Suzano Balance Sheet

How much debt does Suzano have?

Suzano had total debt of BRL 106.22B as of Dec 31, 2025, against BRL 25.10B in cash and short-term investments. Its debt-to-equity ratio was 2.43. Total debt was BRL 101.44B a year earlier.

What are Suzano's total assets?

Suzano reported total assets of BRL 167.85B as of Dec 31, 2025, up 1.2% from BRL 165.94B a year earlier. Total liabilities were BRL 123.92B.

What is Suzano's shareholders' equity?

Suzano's shareholders' equity was BRL 43.79B as of Dec 31, 2025, or about BRL 35.43 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