T-Mobile US (TMUS) Balance Sheet: Assets & Liabilities

T-Mobile US (TMUS) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), T-Mobile US reported total assets of $219.24B and total liabilities of $160.03B. Shareholders' equity was $59.20B, down 4.1% from $61.74B a year earlier. Total debt stood at $122.27B against $5.60B in cash and short-term investments, a net debt position of $116.67B. That puts debt-to-equity at 2.07, compared with 1.33 a year earlier.

T-Mobile US 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 T-Mobile US, Inc. (TMUS) - 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	5.60	5.41	5.14	4.51	6.63	10.39	1.53	1.20	1.22
Cash & Short-Term Investments	5.60	5.41	5.14	4.51	6.63	10.39	1.53	1.20	1.22
Accounts Receivable	9.87	4.28	4.69	4.45	9.16	8.06	4.56	4.32	4.23
Inventory	2.41	1.61	1.68	1.88	2.57	2.53	0.96	1.08	1.57
Other Current Assets	6.59	2.73	2.35	3.11	2.53	2.92	2.26	1.68	1.90
Total Current Assets	24.46	18.40	19.02	19.07	20.89	23.89	9.31	8.28	8.92
Non-Current Assets
Property, Plant & Equipment (Net)	66.79	67.02	70.84	74.06	70.08	72.22	35.63	23.36	22.20
Long-Term Investments	2.77	2.28	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Goodwill	13.68	13.01	12.23	12.23	12.19	11.12	1.93	1.90	1.68
Intangible Assets	3.84	103.07	99.33	99.31	97.34	88.13	36.58	35.76	35.58
Other Non-Current Assets	107.71	6.53	4.23	6.67	6.06	4.81	3.47	3.17	2.19
Total Non-Current Assets	194.78	189.63	188.67	192.27	185.67	176.28	77.62	64.19	61.65
Total Assets	219.24	208.04	207.68	211.34	206.56	200.16	86.92	72.47	70.56
Current Liabilities
Accounts Payable	4.40	8.46	4.83	12.28	6.50	5.56	4.32	5.49	6.18
Short-Term Debt	10.11	4.07	3.62	5.16	10.17	9.51	3.27	0.84	1.61
Current Portion of Long-Term Debt	5.14	4.07	3.62	5.16	5.62	-	-	-	-
Accrued Liabilities	5.06	4.22	3.10	4.37	4.48	-	-	-	-
Deferred Revenue	1.53	1.22	0.83	0.78	0.86	1.03	0.63	0.70	0.78
Other Current Liabilities	8.46	1.97	1.30	1.85	4.15	4.06	3.60	2.60	2.32
Total Current Liabilities	24.50	20.17	20.93	24.74	23.50	21.70	12.51	10.27	11.52
Non-Current Liabilities
Long-Term Debt	112.16	77.86	71.40	70.73	98.65	97.74	39.07	14.68	29.30
Deferred Tax Liabilities	19.58	16.70	13.46	10.88	10.22	9.97	5.61	4.47	3.54
Other Non-Current Liabilities	3.79	20.70	3.93	14.99	5.10	5.41	0.95	18.33	3.66
Total Non-Current Liabilities	135.53	126.12	122.04	116.94	113.96	113.12	45.63	37.48	36.49
Total Liabilities	160.03	146.29	142.97	141.68	137.46	134.82	58.13	47.75	48.00
Stockholders' Equity
Retained Earnings	21.14	14.38	7.35	-0.22	-2.81	-5.84	-8.83	-12.95	-16.07
Accumulated Other Comprehensive Income	-0.85	-0.86	-0.96	-1.05	-1.37	-1.58	-0.87	-0.33	0.01
Treasury Stock	30.55	20.58	9.37	3.02	-	-	-	-	-
Additional Paid-in Capital	38.92	68.80	67.71	70.93	73.28	72.76	38.49	38.00	38.63
Shares Outstanding	1.11	1.14	1.20	1.23	-	-	-	-	-
Total Stockholders' Equity	59.20	61.74	64.72	69.66	69.10	65.34	28.79	24.72	22.56
Total Liabilities & Equity	219.24	208.04	207.68	211.34	206.56	200.16	86.92	72.47	70.56

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

Frequently Asked Questions About T-Mobile US Balance Sheet

How much debt does T-Mobile US have?

T-Mobile US had total debt of $122.27B as of Dec 31, 2025, against $5.60B in cash and short-term investments. Its debt-to-equity ratio was 2.07. Total debt was $81.93B a year earlier.

What are T-Mobile US's total assets?

T-Mobile US reported total assets of $219.24B as of Dec 31, 2025, up 5.4% from $208.03B a year earlier. Total liabilities were $160.03B.

What is T-Mobile US's shareholders' equity?

T-Mobile US's shareholders' equity was $59.20B as of Dec 31, 2025, or about $53.48 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