Ultrapar Participações (UGP) Balance Sheet: Assets & Liabilities

Ultrapar Participações (UGP) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Ultrapar Participações reported total assets of BRL 49.35B and total liabilities of BRL 31.62B. Shareholders' equity was BRL 15.67B, up 3.3% from BRL 15.16B a year earlier. Total debt stood at BRL 20.09B against BRL 7.03B in cash and short-term investments, a net debt position of BRL 13.07B. That puts debt-to-equity at 1.28, compared with 1.01 a year earlier.

Ultrapar Participações Balance Sheet Analysis

Values in billions BRL

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Balance sheet showing assets, liabilities, and shareholders' equity for Ultrapar Participações S.A. (UGP) - 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	3.18	2.07	5.93	5.62	2.28	2.66	0.53	3.94	5.00
Short-Term Investments	3.85	2.31	0.29	0.52	1.80	5.04	0.77	2.85	1.28
Cash & Short-Term Investments	7.03	4.38	6.22	6.14	4.08	7.70	1.29	6.79	6.29
Accounts Receivable	3.70	7.20	5.35	7.39	3.96	5.82	1.50	5.88	5.27
Inventory	4.24	3.92	4.29	4.91	3.92	3.85	0.92	3.35	3.49
Other Current Assets	1.20	0.55	1.63	0.12	11.65	0.13	0.07	1.63	1.54
Total Current Assets	19.18	16.05	18.65	18.56	25.02	17.51	3.79	16.21	15.20
Non-Current Assets
Property, Plant & Equipment (Net)	14.10	8.81	8.10	7.65	7.19	10.17	2.37	9.65	6.61
Long-Term Investments	0.52	4.97	1.27	0.55	0.46	3.84	0.51	1.78	0.23
Goodwill	1.37	0.98	1.10	0.92	0.82	0.93	0.23	1.53	1.58
Intangible Assets	1.95	0.93	3.09	1.00	2.18	0.85	0.21	0.84	2.15
Other Non-Current Assets	0.75	6.89	7.68	6.85	4.87	2.01	0.53	-0.02	2.02
Total Non-Current Assets	30.17	23.51	19.60	17.88	13.99	19.39	4.07	14.29	13.14
Total Assets	49.35	39.56	38.25	36.44	39.01	36.90	7.86	30.50	28.34
Current Liabilities
Accounts Payable	4.65	4.53	5.72	7.38	5.79	4.04	0.67	2.74	2.23
Short-Term Debt	4.25	3.80	0.92	3.59	2.25	3.52	0.33	2.27	3.50
Current Portion of Long-Term Debt	4.25	3.48	1.08	0.87	0.62	2.06	-	-	-
Accrued Liabilities	0.58	0.48	1.24	0.46	0.78	0.78	-	-	-
Deferred Revenue	0.00	0.00	0.00	0.00	0.01	0.02	0.01	0.03	0.02
Other Current Liabilities	0.61	1.69	1.22	1.30	3.02	1.21	-0.15	1.03	0.95
Total Current Liabilities	11.85	10.49	11.23	12.77	12.64	9.24	1.29	6.34	7.01
Non-Current Liabilities
Long-Term Debt	15.84	11.55	9.77	9.69	13.51	15.70	3.64	12.93	10.09
Deferred Tax Liabilities	1.12	0.74	0.00	1.02	0.00	0.63	0.11	0.87	0.90
Other Non-Current Liabilities	0.01	0.95	2.01	0.79	1.23	1.39	0.37	1.41	1.47
Total Non-Current Liabilities	19.77	13.24	12.99	11.50	15.90	17.73	4.12	14.36	11.61
Total Liabilities	31.62	23.73	24.22	24.27	28.54	26.98	5.41	20.70	18.62
Stockholders' Equity
Common Stock	7.99	6.62	6.62	5.17	5.17	5.18	1.29	5.17	5.17
Retained Earnings	7.66	0.00	6.39	0.00	4.87	0.06	0.00	4.21	3.79
Accumulated Other Comprehensive Income	8.51	0.33	0.29	6.89	-0.11	4.80	1.19	4.65	4.53
Treasury Stock	0.82	0.60	0.47	0.48	0.49	-	-	-	-
Additional Paid-in Capital	-0.82	0.02	-0.26	-0.36	0.14	-0.49	-0.12	-4.58	-4.11
Minority Interest	2.06	0.66	0.52	0.47	0.40	0.38	0.09	0.35	0.34
Shares Outstanding	1.07	1.08	1.09	1.09	1.09	-	-	-	-
Total Stockholders' Equity	15.67	15.16	14.03	11.71	10.47	9.54	2.35	9.45	9.38
Total Liabilities & Equity	49.35	39.56	38.25	37.08	39.01	36.90	7.86	30.50	28.34

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

Frequently Asked Questions About Ultrapar Participações Balance Sheet

How much debt does Ultrapar Participações have?

Ultrapar Participações had total debt of BRL 20.09B as of Dec 31, 2025, against BRL 7.03B in cash and short-term investments. Its debt-to-equity ratio was 1.28. Total debt was BRL 15.35B a year earlier.

What are Ultrapar Participações's total assets?

Ultrapar Participações reported total assets of BRL 49.35B as of Dec 31, 2025, up 24.8% from BRL 39.56B a year earlier. Total liabilities were BRL 31.62B.

What is Ultrapar Participações's shareholders' equity?

Ultrapar Participações's shareholders' equity was BRL 15.67B as of Dec 31, 2025, or about BRL 14.66 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