Ecopetrol S.A. (EC) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 56.99T | 53.39T | 59.77T | 59.17T | 63.99T | 60.64T | 61.85T | 62.1T | 74.11T | 68.62T | 73.93T | 76.64T | 86.34T | 77.28T | 68.01T | 61.01T | 59.15T | 51.7T | 47.02T | 29.27T |
| Cash & Short-Term Investments | 13.82T | 12.52T | 13.73T | 14.34T | 16.63T | 14.91T | 16.34T | 15.35T | 16.87T | 14.2T | 13.82T | 12.24T | 17.18T | 16.56T | 15.15T | 11.25T | 15.65T | 16.18T | 11.92T | 5.23T |
| Cash Only | 12.91T | 10.68T | 10.36T | 10.12T | 14.1T | 14.05T | 14.1T | 13.24T | 15.17T | 12.34T | 12.07T | 11.32T | 15.5T | 15.4T | 12.92T | 10.1T | 14T | 14.55T | 10.09T | 5.02T |
| Short-Term Investments | 914.04B | 1.84T | 3.37T | 4.22T | 2.53T | 851.54B | 2.24T | 2.11T | 1.7T | 1.86T | 1.75T | 911.48B | 1.68T | 1.16T | 2.23T | 1.15T | 1.65T | 1.63T | 1.84T | 206.28B |
| Accounts Receivable | 29.59T | 29.36T | 31.47T | 12.52T | 17.92T | 19.26T | 20.26T | 23.05T | 33.7T | 31.88T | 36.71T | 41.86T | 46.6T | 38.01T | 32.49T | 28.41T | 24.43T | 17.38T | 15.91T | 9.08T |
| Days Sales Outstanding | 93.39 | 98.31 | 67.81 | 46.68 | 53.35 | 52.24 | 57.57 | 79.14 | 95.31 | 90.67 | 102.88 | 117.35 | 98 | 81.65 | 64.49 | 54.78 | 57.94 | 48.01 | 49.27 | 36.63 |
| Inventory | 10.41T | 8.6T | 10.54T | 10.4T | 11.03T | 10.03T | 10.91T | 11.37T | 10.81T | 10.2T | 11.36T | 10.3T | 11.12T | 11.88T | 10.78T | 12.18T | 10.97T | 8.4T | 9.08T | 7.18T |
| Days Inventory Outstanding | 49.25 | 43.86 | 48.47 | 46.08 | 45.77 | 39.81 | 45.25 | 49.04 | 50.16 | 42.55 | 48.34 | 45.36 | 45.44 | 43.44 | 43.22 | 45.64 | 48.59 | 42.02 | 51.55 | 54.07 |
| Other Current Assets | 3.16T | 2.91T | 4.03T | 20.61T | 16.96T | 14.85T | 12.94T | 11.62T | 12.03T | 11.55T | 11.09T | 11.64T | 10.7T | 10.13T | 8.78T | 8.66T | 7.47T | 9.19T | 9.42T | 7.54T |
| Total Non-Current Assets | 231.26T | 230.45T | 232.1T | 235.44T | 236.33T | 240.7T | 230.86T | 224.21T | 214.57T | 213.67T | 211.29T | 216.41T | 226.02T | 229.09T | 211.36T | 201.87T | 191.68T | 190.73T | 194.22T | 120.1T |
| Property, Plant & Equipment | 106.83T | 106.98T | 152.16T | 152.79T | 153.67T | 156.1T | 147.42T | 146.64T | 141.91T | 141.23T | 140.01T | 139.96T | 143.81T | 143.95T | 138.33T | 130.62T | 124.32T | 126.48T | 116.84T | 102.97T |
| Fixed Asset Turnover | 0.27x | 0.22x | 0.20x | 0.19x | 0.20x | 0.23x | 0.24x | 0.23x | 0.22x | 0.25x | 0.25x | 0.24x | 0.27x | 0.28x | 0.32x | 0.34x | 0.26x | 0.26x | 0.21x | 0.19x |
| Goodwill | 4.55T | 4.59T | 6.38T | 4.75T | 4.79T | 4.91T | 4.79T | 4.77T | 4.62T | 4.61T | 4.72T | 4.79T | 5.03T | 5.11T | 5.24T | 4.53T | 4.33T | 4.69T | 19.79T | 1.59T |
| Intangible Assets | 13.71T | 14.03T | 14.49T | 15.13T | 15.56T | 16.41T | 15.72T | 15.65T | 14.73T | 14.71T | 15.56T | 16.13T | 17.54T | 18.15T | 17.01T | 15.97T | 14.83T | 15.51T | 10.38T | 588.39B |
| Long-Term Investments | 45.84T | 44.59T | 11.75T | 12.61T | 12.28T | 13.04T | 12.77T | 9.22T | 9.01T | 8.79T | 9.08T | 9.93T | 10.04T | 11.06T | 9.9T | 9.93T | 9.69T | 9.66T | 9.37T | 4.5T |
| Other Non-Current Assets | 50.39T | 50.05T | 35.02T | 50.16T | 50.02T | 50.24T | 50.17T | 47.93T | 44.31T | 44.32T | 41.92T | 45.6T | 49.6T | 50.83T | 40.89T | 40.81T | 38.51T | 34.39T | 37.85T | 10.44T |
| Total Assets | 288.25T | 283.83T | 291.87T | 294.61T | 300.32T | 301.35T | 292.71T | 286.31T | 288.68T | 282.28T | 285.23T | 293.05T | 312.36T | 306.37T | 279.38T | 262.88T | 250.83T | 242.43T | 241.23T | 149.37T |
| Asset Turnover | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.12x | 0.12x | 0.11x | 0.11x | 0.12x | 0.12x | 0.11x | 0.13x | 0.14x | 0.16x | 0.17x | 0.13x | 0.13x | 0.12x | 0.13x |
| Asset Growth % | -4.02% | -5.81% | -0.29% | 2.9% | 4.03% | 6.75% | 2.62% | -2.3% | -7.58% | -7.86% | 2.09% | 11.48% | 24.53% | 26.38% | 15.81% | 75.99% | 70.71% | 76.06% | 64.91% | 1.51% |
| Total Current Liabilities | 45.28T | 34.48T | 39.11T | 40.69T | 48.14T | 39.64T | 36.92T | 41.86T | 56.61T | 43.56T | 51.72T | 63.17T | 75.52T | 56.78T | 51.39T | 41.75T | 42.77T | 30.25T | 27.88T | 19.33T |
| Accounts Payable | 23.14T | 15.74T | 18.26T | 11.41T | 12.02T | 15.14T | 12.42T | 11.8T | 11.76T | 13.77T | 12.09T | 11.56T | 12.99T | 15.1T | 11.85T | 12.3T | 11.08T | 10.54T | 8.47T | 7.26T |
| Days Payables Outstanding | 100.71 | 77.92 | 68.68 | 50.38 | 59.03 | 52.4 | 49.2 | 52.08 | 60.93 | 51.04 | 52.79 | 51.98 | 55.5 | 51.67 | 45.48 | 46.1 | 54.22 | 45.7 | 49.89 | 55.92 |
| Short-Term Debt | 12.23T | 10.07T | 12.46T | 15.42T | 12.95T | 10.94T | 11.5T | 15.74T | 15.02T | 15.21T | 17.33T | 16.81T | 16.01T | 21.92T | 22.33T | 9.48T | 8.46T | 8.92T | 8.42T | 5.09T |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 3.38T | 2.82T | 4.33T | 10.54T | 19.85T | 9.56T | 9.06T | 10.93T | 26.12T | 10.91T | 18.73T | 31.74T | 43.14T | 16.4T | 14.22T | 17.5T | 20.53T | 7.92T | 8.14T | 3.64T |
| Current Ratio | 1.26x | 1.55x | 1.53x | 1.45x | 1.33x | 1.53x | 1.68x | 1.48x | 1.31x | 1.58x | 1.43x | 1.21x | 1.14x | 1.36x | 1.32x | 1.46x | 1.38x | 1.71x | 1.69x | 1.51x |
| Quick Ratio | 1.03x | 1.30x | 1.26x | 1.20x | 1.10x | 1.28x | 1.38x | 1.21x | 1.12x | 1.34x | 1.21x | 1.05x | 1.00x | 1.15x | 1.11x | 1.17x | 1.13x | 1.43x | 1.36x | 1.14x |
| Cash Conversion Cycle | 41.93 | 64.25 | 47.61 | 42.38 | 40.09 | 39.65 | 53.62 | 76.1 | 84.54 | 82.18 | 98.43 | 110.72 | 87.94 | 73.43 | 62.23 | 54.33 | 52.31 | 44.33 | 50.92 | 34.78 |
| Total Non-Current Liabilities | 137.93T | 140.23T | 145.75T | 148.34T | 148.89T | 151.73T | 150.87T | 145.55T | 138.9T | 135.62T | 129.5T | 128.38T | 137.17T | 130.5T | 125.3T | 126.45T | 118.91T | 121.59T | 119.56T | 70.05T |
| Long-Term Debt | 96.13T | 99.01T | 101.81T | 103.99T | 104.2T | 107.52T | 103.53T | 97.99T | 92.36T | 89.23T | 91.25T | 90.12T | 99.2T | 92T | 84.21T | 88.09T | 82.01T | 84.98T | 82.48T | 43.95T |
| Capital Lease Obligations | 0 | 0 | 0 | 625.23B | 1.42T | 1.16T | 1.02T | 986.36B | 1T | 1.04T | 863.1B | 840.22B | 906.71B | 935.33B | 915.54B | 891.36B | 865.43B | 876.58B | 744.5B | 786.78B |
| Deferred Tax Liabilities | 0 | 11.9T | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 41.8T | 29.32T | 43.94T | 43.72T | 43.27T | 43.06T | 46.31T | 46.57T | 45.54T | 45.35T | 37.38T | 37.42T | 37.06T | 37.56T | 40.17T | 37.46T | 36.03T | 35.74T | 36.34T | 25.31T |
| Total Liabilities | 183.21T | 174.7T | 184.86T | 189.03T | 197.02T | 191.37T | 187.79T | 187.41T | 195.51T | 179.18T | 181.22T | 191.55T | 212.69T | 187.28T | 176.69T | 168.2T | 161.69T | 151.84T | 147.45T | 89.38T |
| Total Debt | 108.37T | 109.08T | 114.27T | 120.26T | 118.66T | 119.97T | 116.39T | 115.02T | 108.71T | 105.82T | 109.73T | 108.06T | 116.36T | 115.13T | 107.74T | 98.75T | 91.62T | 95.06T | 91.88T | 50.06T |
| Net Debt | 95.46T | 98.4T | 103.91T | 110.14T | 104.56T | 105.91T | 102.29T | 101.78T | 93.55T | 93.48T | 97.66T | 96.74T | 100.86T | 99.73T | 94.82T | 88.64T | 77.62T | 80.51T | 81.79T | 45.04T |
| Debt / Equity | 1.03x | 1.00x | 1.07x | 1.14x | 1.15x | 1.09x | 1.11x | 1.16x | 1.17x | 1.03x | 1.05x | 1.06x | 1.17x | 0.97x | 1.05x | 1.04x | 1.03x | 1.05x | 0.98x | 0.83x |
| Debt / EBITDA | 9.01x | 12.57x | 10.02x | 11.87x | 14.16x | 10.08x | 12.51x | 8.68x | 11.09x | 18.16x | 9.29x | 7.80x | 6.89x | 7.60x | 5.28x | 4.60x | 6.01x | 7.15x | 9.39x | 5.59x |
| Net Debt / EBITDA | 7.94x | 11.34x | 9.11x | 10.87x | 12.48x | 8.89x | 10.99x | 7.68x | 9.54x | 16.05x | 8.26x | 6.98x | 5.97x | 6.58x | 4.65x | 4.13x | 5.09x | 6.05x | 8.36x | 5.03x |
| Interest Coverage | 3.13x | 2.68x | - | 2.52x | 3.59x | 5.41x | 4.67x | 4.72x | 4.84x | 3.26x | 6.18x | 4.62x | 11.89x | 8.37x | 14.13x | 13.36x | 10.21x | 8.34x | 9.13x | 10.07x |
| Total Equity | 105.03T | 109.13T | 107.01T | 105.58T | 103.3T | 109.98T | 104.92T | 98.9T | 93.17T | 103.1T | 104.01T | 101.49T | 99.68T | 119.09T | 102.69T | 94.68T | 89.14T | 90.58T | 93.79T | 59.99T |
| Equity Growth % | 1.68% | -0.77% | 1.99% | 6.75% | 10.87% | 6.67% | 0.88% | -2.55% | -6.53% | -13.43% | 1.29% | 7.2% | 11.81% | 31.47% | 9.49% | 57.82% | 53.3% | 69.32% | 64.04% | 7.83% |
| Book Value per Share | 51093.68 | 53710.59 | 52051.85 | 51356.69 | 50246.21 | 53494.57 | 51063.80 | 48103.68 | 45320.33 | 50149.36 | 50592.98 | 49368.22 | 48484.56 | 57926.37 | 49950.41 | 46052.92 | 43361.56 | 44061.80 | 45620.35 | 29180.87 |
| Total Shareholders' Equity | 79.92T | 83.67T | 80.71T | 79.22T | 77.49T | 83.7T | 78.27T | 73.74T | 69.24T | 78.39T | 78.12T | 74.83T | 72.61T | 91.03T | 77.06T | 70.61T | 66.46T | 68.49T | 62.99T | 56.39T |
| Common Stock | 25.1T | 25.01T | 25.04T | 25.04T | 25.04T | 25.04T | 25.04T | 25.04T | 25.04T | 25.04T | 25.04T | 25.04T | 25.04T | 25.04T | 25.04T | 25.04T | 25.04T | 25.04T | 25.04T | 25.04T |
| Retained Earnings | 4.33T | 10.45T | 39.23T | 36.66T | 34.85T | 40.52T | 36.63T | 33.08T | 29.7T | 38.52T | 34.29T | 29.21T | 25.12T | 43.84T | 31.88T | 27.48T | 23.91T | 25.48T | 22.51T | 16.16T |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 43.87T | 41.6T | 9.84T | 10.91T | 10.98T | 11.52T | 10T | 9.01T | 7.89T | 8.22T | 12.18T | 13.98T | 15.84T | 15.55T | 13.53T | 11.48T | 10.89T | 11.36T | 8.84T | 8.58T |
| Minority Interest | 25.11T | 25.46T | 26.3T | 26.36T | 25.81T | 26.28T | 26.65T | 25.16T | 23.93T | 24.71T | 25.89T | 26.66T | 27.07T | 28.05T | 25.63T | 24.07T | 22.69T | 22.09T | 30.79T | 3.6T |