Eaton Corporation plc (ETN) 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 | 14.01B | 12.36B | 12.13B | 11.9B | 12.43B | 11.8B | 12.15B | 12.65B | 11.85B | 11.68B | 10.98B | 10.3B | 9.14B | 8.76B | 8.54B | 8.69B | 8.19B | 7.51B | 7.49B | 9.79B |
| Cash & Short-Term Investments | 751M | 803M | 565M | 584M | 1.94B | 2.08B | 1.99B | 2.78B | 2.44B | 2.61B | 1.91B | 1.33B | 524M | 555M | 518M | 623M | 505M | 568M | 660M | 540M |
| Cash Only | 565M | 622M | 328M | 398M | 1.78B | 555M | 473M | 540M | 473M | 488M | 348M | 353M | 235M | 294M | 231M | 364M | 237M | 297M | 271M | 279M |
| Short-Term Investments | 186M | 181M | 237M | 186M | 162M | 1.52B | 1.52B | 2.24B | 1.97B | 2.12B | 1.56B | 977M | 289M | 261M | 287M | 259M | 268M | 271M | 389M | 261M |
| Accounts Receivable | 6.37B | 5.39B | 5.56B | 5.49B | 5.09B | 4.62B | 4.89B | 4.86B | 4.67B | 4.47B | 4.46B | 4.4B | 4.24B | 4.08B | 3.82B | 3.84B | 3.67B | 3.3B | 3.39B | 3.34B |
| Days Sales Outstanding | 70.98 | 71.35 | 72.69 | 68.5 | 68.54 | 70.07 | 70.66 | 68.32 | 70.05 | 68.88 | 69.31 | 67 | 68.24 | 67.43 | 66.26 | 65.51 | 64.71 | 64.14 | 62.92 | 55.89 |
| Inventory | 5.15B | 4.72B | 4.61B | 4.58B | 4.39B | 4.23B | 4.18B | 3.96B | 3.87B | 3.74B | 3.71B | 3.67B | 3.6B | 3.43B | 3.43B | 3.44B | 3.32B | 2.97B | 2.8B | 2.67B |
| Days Inventory Outstanding | 92.52 | 96.33 | 98.06 | 92.14 | 98.69 | 101.42 | 96 | 90.41 | 92.89 | 91.85 | 92.19 | 88.33 | 87.95 | 89.04 | 89.26 | 88.16 | 86.48 | 82.21 | 75.31 | 64.85 |
| Other Current Assets | 1.74B | 1.44B | 1.4B | 1.25B | 1.01B | 875M | 1.09B | 1.05B | 869M | 852M | 904M | 904M | 771M | 685M | 0 | 1M | 0 | 0 | 0 | 2.6B |
| Total Non-Current Assets | 41.08B | 28.9B | 28.52B | 28.61B | 26.77B | 26.58B | 27.08B | 26.73B | 26.68B | 26.76B | 26.3B | 26.47B | 26.38B | 26.27B | 25.83B | 26.47B | 27.01B | 26.52B | 26.64B | 27.02B |
| Property, Plant & Equipment | 5.42B | 5.08B | 4.76B | 4.74B | 4.58B | 4.54B | 4.53B | 4.39B | 4.28B | 4.18B | 3.94B | 3.86B | 3.79B | 3.72B | 3.52B | 3.54B | 3.55B | 3.51B | 3.47B | 3.53B |
| Fixed Asset Turnover | 1.42x | 1.43x | 1.47x | 1.51x | 1.40x | 1.38x | 1.42x | 1.46x | 1.41x | 1.47x | 1.51x | 1.53x | 1.46x | 1.49x | 1.51x | 1.47x | 1.37x | 1.37x | 1.41x | 1.52x |
| Goodwill | 21.4B | 15.77B | 15.81B | 15.79B | 14.85B | 14.71B | 15.04B | 14.85B | 14.88B | 14.98B | 14.78B | 14.91B | 14.89B | 14.8B | 14.48B | 14.8B | 14.96B | 14.75B | 14.77B | 14.88B |
| Intangible Assets | 11.26B | 5.05B | 5.14B | 5.23B | 4.59B | 4.66B | 4.81B | 4.88B | 4.97B | 5.09B | 5.16B | 5.29B | 5.39B | 5.49B | 5.49B | 5.69B | 6.01B | 5.86B | 6.04B | 6.2B |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 2.42B | 2.28B | 2.25B | 2.23B | 2.15B | 2.07B | 2.15B | 2.11B | 2.07B | 2.05B | 2.08B | 2.06B | 1.98B | 1.94B | 1.95B | 2.03B | 2.11B | 2.01B | 1.94B | 1.97B |
| Total Assets | 55.09B | 41.25B | 40.65B | 40.51B | 39.21B | 38.38B | 39.24B | 39.38B | 38.53B | 38.43B | 37.29B | 36.77B | 35.52B | 35.03B | 34.36B | 35.15B | 35.21B | 34.03B | 34.13B | 36.8B |
| Asset Turnover | 0.15x | 0.17x | 0.17x | 0.18x | 0.16x | 0.16x | 0.16x | 0.16x | 0.15x | 0.16x | 0.16x | 0.16x | 0.16x | 0.16x | 0.15x | 0.15x | 0.14x | 0.14x | 0.14x | 0.15x |
| Asset Growth % | 40.5% | 7.48% | 3.6% | 2.86% | 1.74% | -0.13% | 5.22% | 7.09% | 8.5% | 9.71% | 8.51% | 4.61% | 0.88% | 2.95% | 0.69% | -4.49% | 3.31% | 6.92% | 10.14% | 21.27% |
| Total Current Liabilities | 11.74B | 9.37B | 9.47B | 9.59B | 9.52B | 7.86B | 7.94B | 8.12B | 7.61B | 7.75B | 7.56B | 6.72B | 6.09B | 6.36B | 6.65B | 8.97B | 8.26B | 7.21B | 5.91B | 8.91B |
| Accounts Payable | 4.91B | 4.17B | 3.83B | 3.76B | 3.65B | 3.68B | 3.61B | 3.5B | 3.4B | 3.37B | 3.25B | 3.19B | 3.12B | 3.07B | 2.94B | 3.01B | 2.87B | 2.8B | 2.59B | 2.48B |
| Days Payables Outstanding | 85.12 | 82.5 | 80.93 | 76.15 | 83.95 | 87.93 | 83.79 | 79.63 | 82.61 | 81.6 | 80.5 | 76.62 | 77.4 | 78.02 | 77.27 | 76.66 | 77.92 | 76.76 | 69.87 | 59.59 |
| Short-Term Debt | 2.59B | 1.14B | 1.9B | 2.25B | 2.47B | 674M | 717M | 1.28B | 995M | 1.02B | 999M | 496M | 95M | 334M | 926M | 3.42B | 2.84B | 1.75B | 544M | 3.38B |
| 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 | 4.24B | 4.07B | 3.75B | 3.59B | 3.4B | 3.5B | 3.62B | 3.34B | 3.22B | 3.36B | 3.31B | 3.04B | 2.87B | 2.95B | 2.79B | 2.54B | 2.54B | 2.67B | 2.78B | 3.04B |
| Current Ratio | 1.19x | 1.32x | 1.28x | 1.24x | 1.31x | 1.50x | 1.53x | 1.56x | 1.56x | 1.51x | 1.45x | 1.53x | 1.50x | 1.38x | 1.28x | 0.97x | 0.99x | 1.04x | 1.27x | 1.10x |
| Quick Ratio | 0.75x | 0.81x | 0.79x | 0.76x | 0.84x | 0.96x | 1.00x | 1.07x | 1.05x | 1.02x | 0.96x | 0.99x | 0.91x | 0.84x | 0.77x | 0.58x | 0.59x | 0.63x | 0.79x | 0.80x |
| Cash Conversion Cycle | 78.38 | 85.18 | 89.81 | 84.48 | 83.28 | 83.56 | 82.87 | 79.11 | 80.33 | 79.14 | 80.99 | 78.71 | 78.8 | 78.45 | 78.25 | 77.01 | 73.26 | 69.6 | 68.36 | 61.15 |
| Total Non-Current Liabilities | 23.58B | 12.41B | 12.29B | 12.27B | 11.14B | 11.99B | 12.13B | 12.01B | 11.6B | 11.62B | 11.31B | 12.06B | 11.95B | 11.58B | 11.61B | 9.76B | 10.3B | 10.36B | 12.2B | 12.45B |
| Long-Term Debt | 19.24B | 9.39B | 8.76B | 8.75B | 7.61B | 8.48B | 8.68B | 8.55B | 8.19B | 8.24B | 8.15B | 8.8B | 8.7B | 8.32B | 8.08B | 6.28B | 6.76B | 6.83B | 8.52B | 8.72B |
| Capital Lease Obligations | 0 | 637M | 568M | 587M | 669M | 669M | 681M | 656M | 601M | 533M | 486M | 482M | 466M | 459M | 447M | 386M | 342M | 337M | 343M | 366M |
| Deferred Tax Liabilities | 1.6B | 265M | 289M | 280M | 267M | 275M | 387M | 429M | 419M | 402M | 460M | 531M | 537M | 530M | 527M | 628M | 635M | 559M | 494M | 494M |
| Other Non-Current Liabilities | 2.73B | 2.12B | 2.68B | 2.65B | 2.59B | 2.57B | 2.39B | 2.37B | 2.38B | 2.44B | 2.21B | 2.24B | 2.24B | 2.27B | 2.55B | 2.47B | 2.56B | 2.64B | 2.84B | 2.87B |
| Total Liabilities | 35.32B | 21.78B | 21.77B | 21.86B | 20.66B | 19.85B | 20.07B | 20.13B | 19.21B | 19.36B | 18.87B | 18.78B | 18.03B | 17.95B | 18.26B | 18.74B | 18.55B | 17.58B | 18.11B | 21.35B |
| Total Debt | 21.83B | 11.17B | 11.22B | 11.58B | 10.75B | 9.82B | 10.08B | 10.49B | 9.79B | 9.8B | 9.63B | 9.78B | 9.26B | 9.11B | 9.46B | 10.09B | 9.95B | 8.92B | 9.41B | 12.47B |
| Net Debt | 21.27B | 10.55B | 10.89B | 11.19B | 8.97B | 9.27B | 9.6B | 9.95B | 9.31B | 9.31B | 9.29B | 9.43B | 9.03B | 8.82B | 9.22B | 9.72B | 9.71B | 8.62B | 9.14B | 12.19B |
| Debt / Equity | 1.10x | 0.57x | 0.59x | 0.62x | 0.58x | 0.53x | 0.53x | 0.54x | 0.51x | 0.51x | 0.52x | 0.54x | 0.53x | 0.53x | 0.59x | 0.61x | 0.60x | 0.54x | 0.59x | 0.81x |
| Debt / EBITDA | 18.63x | 6.84x | 6.91x | 7.64x | 7.36x | 6.37x | 6.75x | 7.27x | 7.48x | 7.49x | 7.33x | 7.88x | 8.91x | 8.20x | 8.19x | 9.87x | 10.96x | 9.42x | 8.91x | 13.00x |
| Net Debt / EBITDA | 18.15x | 6.46x | 6.70x | 7.37x | 6.14x | 6.01x | 6.43x | 6.89x | 7.12x | 7.12x | 7.07x | 7.60x | 8.69x | 7.93x | 7.99x | 9.51x | 10.70x | 9.11x | 8.65x | 12.71x |
| Interest Coverage | 11.06x | 19.61x | 20.03x | 17.70x | 22.02x | 26.37x | 37.48x | 200.33x | 18.54x | 19.44x | 21.75x | 18.25x | 13.29x | 12.64x | - | 121.17x | 26.79x | 16.24x | 223.60x | 6.04x |
| Total Equity | 19.81B | 19.47B | 18.93B | 18.69B | 18.55B | 18.53B | 19.16B | 19.25B | 19.33B | 19.07B | 18.42B | 17.99B | 17.48B | 17.08B | 16.1B | 16.42B | 16.66B | 16.45B | 16.01B | 15.45B |
| Equity Growth % | 6.8% | 5.06% | -1.23% | -2.94% | -4.03% | -2.82% | 4.03% | 7.03% | 10.53% | 11.67% | 14.38% | 9.58% | 4.98% | 3.8% | 0.56% | 6.25% | 10.77% | 9.87% | 10.3% | 8.54% |
| Book Value per Share | 50.90 | 49.98 | 48.52 | 47.61 | 47.12 | 46.80 | 48.04 | 48.01 | 48.09 | 47.46 | 45.86 | 44.89 | 43.66 | 42.66 | 40.23 | 40.97 | 41.45 | 40.91 | 39.85 | 38.49 |
| Total Shareholders' Equity | 19.77B | 19.43B | 18.89B | 18.65B | 18.51B | 18.49B | 19.12B | 19.22B | 19.29B | 19.04B | 18.38B | 17.95B | 17.45B | 17.04B | 16.07B | 16.38B | 16.62B | 16.41B | 15.97B | 15.41B |
| Common Stock | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M |
| Retained Earnings | 11.14B | 10.7B | 10.17B | 9.92B | 10.04B | 10.1B | 10.37B | 10.62B | 10.61B | 10.3B | 9.7B | 9.16B | 8.76B | 8.47B | 8.07B | 7.89B | 7.71B | 7.59B | 7.34B | 7.07B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -4.24B | -4.12B | -4.14B | -4.09B | -4.25B | -4.34B | -3.95B | -4.07B | -3.95B | -3.91B | -3.93B | -3.76B | -3.81B | -3.95B | -4.48B | -3.96B | -3.52B | -3.63B | -3.79B | -4.03B |
| Minority Interest | 44M | 44M | 42M | 41M | 41M | 43M | 45M | 35M | 34M | 33M | 36M | 36M | 36M | 38M | 35M | 36M | 36M | 38M | 43M | 42M |