The Gap, Inc. (GAP) 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 | 5.24B | 5.78B | 5.64B | 5.38B | 4.88B | 5.2B | 5.13B | 4.81B | 4.2B | 4.39B | 4.37B | 4.24B | 4.28B | 4.62B | 5.04B | 4.95B | 5B | 5.17B | 5.21B | 6.19B |
| Cash & Short-Term Investments | 2.56B | 3B | 2.52B | 2.43B | 2.22B | 2.59B | 2.22B | 2.15B | 1.73B | 1.87B | 1.35B | 1.35B | 1.17B | 1.22B | 679M | 708M | 845M | 877M | 1.08B | 2.71B |
| Cash Only | 2.16B | 2.62B | 2.26B | 2.19B | 1.98B | 2.33B | 1.97B | 1.9B | 1.53B | 1.87B | 1.35B | 1.35B | 1.17B | 1.22B | 679M | 708M | 845M | 877M | 801M | 2.38B |
| Short-Term Investments | 399M | 386M | 255M | 238M | 244M | 253M | 250M | 246M | 199M | 1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 275M | 337M |
| Accounts Receivable | 0 | 316M | 0 | 0 | 0 | 328M | 0 | 0 | 0 | 325M | 0 | 0 | 0 | 490M | 0 | 0 | 0 | 399M | 0 | 0 |
| Days Sales Outstanding | - | 6.79 | - | - | - | 7.27 | - | - | - | 7.18 | - | - | - | 10.62 | - | - | - | 8.2 | - | - |
| Inventory | 2.1B | 2.21B | 2.46B | 2.29B | 2.1B | 2.07B | 2.33B | 2.11B | 1.95B | 2B | 2.38B | 2.23B | 2.3B | 2.39B | 3.04B | 3.13B | 3.17B | 3.02B | 2.72B | 2.28B |
| Days Inventory Outstanding | 94.11 | 80.97 | 95.19 | 91.27 | 95.06 | 79.74 | 93.05 | 83.57 | 93.17 | 79.08 | 94.72 | 91.93 | 101.17 | 88.64 | 113.55 | 113.51 | 115.63 | 88.9 | 99.73 | 88.62 |
| Other Current Assets | 583M | 252M | 664M | 651M | 567M | 196M | 580M | 556M | 514M | 207M | 646M | 663M | 814M | 417M | 1.32B | 1.11B | 991M | 270M | 1.41B | 1.2B |
| Total Non-Current Assets | 6.9B | 6.86B | 6.73B | 6.77B | 6.68B | 6.68B | 6.72B | 6.7B | 6.71B | 6.65B | 6.68B | 6.61B | 6.65B | 6.77B | 6.96B | 7.22B | 7.25B | 7.6B | 7.57B | 7.57B |
| Property, Plant & Equipment | 6.01B | 5.95B | 5.85B | 5.88B | 5.74B | 5.74B | 5.76B | 5.71B | 5.74B | 5.68B | 5.75B | 5.71B | 5.77B | 5.86B | 6.13B | 6.34B | 6.38B | 6.71B | 6.71B | 6.87B |
| Fixed Asset Turnover | 0.58x | 0.72x | 0.67x | 0.64x | 0.60x | 0.72x | 0.67x | 0.65x | 0.59x | 0.75x | 0.66x | 0.62x | 0.56x | 0.71x | 0.65x | 0.61x | 0.53x | 0.67x | 0.58x | 0.61x |
| Goodwill | 0 | 207M | 0 | 0 | 0 | 207M | 0 | 0 | 0 | 207M | 0 | 0 | 0 | 207M | 0 | 0 | 0 | 207M | 0 | 0 |
| Intangible Assets | 0 | 63M | 0 | 0 | 0 | 59M | 0 | 0 | 0 | 54M | 0 | 0 | 0 | 81M | 0 | 0 | 0 | 90M | 0 | 0 |
| Long-Term Investments | 0 | 28M | 30M | 28M | 28M | 30M | 30M | 31M | 29M | 32M | 30M | 29M | 0 | 0 | 26M | 27M | 26M | 25M | 25M | 32M |
| Other Non-Current Assets | 883M | 607M | 846M | 866M | 916M | 680M | 960M | 959M | 947M | 707M | 896M | 874M | 880M | 620M | 807M | 854M | 848M | 587M | 836M | 661M |
| Total Assets | 12.14B | 12.63B | 12.37B | 12.15B | 11.56B | 11.88B | 11.85B | 11.51B | 10.91B | 11.04B | 11.05B | 10.85B | 10.93B | 11.39B | 12B | 12.17B | 12.26B | 12.76B | 12.78B | 13.76B |
| Asset Turnover | 0.28x | 0.34x | 0.32x | 0.31x | 0.30x | 0.35x | 0.33x | 0.33x | 0.31x | 0.39x | 0.34x | 0.33x | 0.29x | 0.36x | 0.33x | 0.32x | 0.28x | 0.35x | 0.30x | 0.31x |
| Asset Growth % | 4.95% | 6.29% | 4.36% | 5.53% | 6.02% | 7.61% | 7.25% | 6.07% | -0.22% | -3% | -7.9% | -10.85% | -10.81% | -10.78% | -6.1% | -11.54% | -9.9% | -7.32% | -11.08% | 0.31% |
| Total Current Liabilities | 2.9B | 3.3B | 3.28B | 3.2B | 2.85B | 3.26B | 3.33B | 3.22B | 2.81B | 3.1B | 3.14B | 3.01B | 2.92B | 3.26B | 3.38B | 3.61B | 3.47B | 4.08B | 3.82B | 3.65B |
| Accounts Payable | 1.3B | 1.57B | 1.54B | 1.66B | 1.29B | 1.49B | 1.52B | 1.52B | 1.2B | 1.35B | 1.43B | 1.41B | 1.2B | 1.32B | 1.39B | 1.64B | 1.6B | 1.95B | 1.63B | 1.58B |
| Days Payables Outstanding | 62.67 | 54 | 64.1 | 61.28 | 63.46 | 54.59 | 63.84 | 55.96 | 60.08 | 50.32 | 58.42 | 52.92 | 54.36 | 44.19 | 55.65 | 58.32 | 66.35 | 55.47 | 64.06 | 59.31 |
| Short-Term Debt | 631M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 624M | 600M | 604M | 578M | 0 | 0 | 0 | 717M | 717M | 0 | 746M | 789M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 44M | 337M | 24M | 16M | 0 | 354M | -691M | 0 | 0 | 345M | 0 | 27M |
| Other Current Liabilities | 883M | 1.04B | 0 | 0 | 0 | 1.01B | 0 | 0 | -624M | 110M | -604M | -578M | 0 | 799M | 0 | -717M | -717M | 939M | -746M | -789M |
| Current Ratio | 1.81x | 1.75x | 1.72x | 1.68x | 1.71x | 1.60x | 1.54x | 1.49x | 1.50x | 1.42x | 1.39x | 1.41x | 1.47x | 1.42x | 1.49x | 1.37x | 1.44x | 1.27x | 1.36x | 1.70x |
| Quick Ratio | 1.08x | 1.08x | 0.97x | 0.96x | 0.98x | 0.96x | 0.84x | 0.84x | 0.80x | 0.78x | 0.64x | 0.67x | 0.68x | 0.68x | 0.59x | 0.50x | 0.53x | 0.53x | 0.65x | 1.07x |
| Cash Conversion Cycle | - | 33.76 | - | - | - | 32.42 | - | - | - | 35.94 | - | - | - | 55.07 | - | - | - | 41.63 | - | - |
| Total Non-Current Liabilities | 5.58B | 5.53B | 5.44B | 5.52B | 5.39B | 5.37B | 5.39B | 5.38B | 5.39B | 5.35B | 5.45B | 5.58B | 5.83B | 5.9B | 6.05B | 6.25B | 6.33B | 5.96B | 6.17B | 7.09B |
| Long-Term Debt | 1.49B | 1.49B | 4.89B | 1.49B | 1.49B | 1.49B | 1.49B | 1.49B | 1.49B | 1.49B | 4.94B | 1.64B | 1.84B | 1.84B | 1.84B | 1.83B | 1.83B | 1.48B | 5.65B | 6.57B |
| Capital Lease Obligations | 3.52B | 3.48B | 3.4B | 3.47B | 3.36B | 3.35B | 3.36B | 3.36B | 3.39B | 3.35B | 3.46B | 3.43B | 3.45B | 3.52B | 3.67B | 3.86B | 3.92B | 4.03B | 4.16B | 4.35B |
| Deferred Tax Liabilities | 0 | 381M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 198M | 0 | 0 |
| Other Non-Current Liabilities | 570M | 173M | -2.84B | 555M | 537M | 522M | 544M | 538M | 519M | 512M | -2.95B | 510M | 539M | 544M | 539M | 560M | 575M | 445M | -3.64B | -3.83B |
| Total Liabilities | 8.48B | 8.83B | 8.72B | 8.71B | 8.24B | 8.62B | 8.72B | 8.61B | 8.2B | 8.45B | 8.59B | 8.59B | 8.75B | 9.15B | 9.43B | 9.87B | 9.8B | 10.04B | 9.99B | 10.74B |
| Total Debt | 5.64B | 5.61B | 8.91B | 5.59B | 5.49B | 5.47B | 5.47B | 5.46B | 5.5B | 5.44B | 5.55B | 5.65B | 5.95B | 6.02B | 1.84B | 6.41B | 6.47B | 6.25B | 6.39B | 7.36B |
| Net Debt | 3.48B | 3B | 6.65B | 3.4B | 3.51B | 3.14B | 3.5B | 3.56B | 3.97B | 3.57B | 4.2B | 4.3B | 4.78B | 4.8B | 1.16B | 5.7B | 5.63B | 5.37B | 5.59B | 4.98B |
| Debt / Equity | 1.54x | 1.48x | 2.44x | 1.63x | 1.65x | 1.68x | 1.74x | 1.88x | 2.03x | 2.10x | 2.26x | 2.50x | 2.72x | 2.70x | 0.71x | 2.78x | 2.64x | 2.30x | 2.29x | 2.44x |
| Debt / EBITDA | 9.85x | 15.72x | 19.42x | 13.51x | 14.40x | 14.11x | 11.41x | 13.12x | 16.72x | 15.91x | 14.72x | 23.93x | 46.83x | 55.74x | 5.63x | 61.63x | - | 44.65x | 22.75x | 13.80x |
| Net Debt / EBITDA | 6.07x | 8.39x | 14.49x | 8.21x | 9.21x | 8.09x | 7.30x | 8.56x | 12.06x | 10.44x | 11.13x | 18.21x | 37.62x | 44.49x | 3.55x | 54.82x | - | 38.39x | 19.90x | 9.35x |
| Interest Coverage | - | - | - | 13.87x | 12.43x | 14.68x | 16.70x | 13.33x | 10.90x | 10.08x | 9.93x | 8.20x | 0.13x | -0.72x | 8.64x | -1.29x | -9.80x | 0.56x | -3.89x | 8.04x |
| Total Equity | 3.65B | 3.8B | 3.65B | 3.43B | 3.32B | 3.26B | 3.13B | 2.9B | 2.71B | 2.6B | 2.46B | 2.26B | 2.19B | 2.23B | 2.57B | 2.31B | 2.45B | 2.72B | 2.79B | 3.02B |
| Equity Growth % | 10.06% | 16.45% | 16.33% | 18.34% | 22.68% | 25.78% | 27.44% | 28.19% | 23.89% | 16.21% | -4.32% | -1.82% | -10.96% | -17.96% | -7.75% | -23.68% | -12.54% | 4.13% | 17.55% | 34.04% |
| Book Value per Share | 9.67 | 9.90 | 9.60 | 9.06 | 8.69 | 8.50 | 8.19 | 7.57 | 7.07 | 6.90 | 6.56 | 6.10 | 5.95 | 6.10 | 7.02 | 6.28 | 6.63 | 7.11 | 7.41 | 7.82 |
| Total Shareholders' Equity | 3.65B | 3.8B | 3.65B | 3.43B | 3.32B | 3.26B | 3.13B | 2.9B | 2.71B | 2.6B | 2.46B | 2.26B | 2.19B | 2.23B | 2.57B | 2.31B | 2.45B | 2.72B | 2.79B | 3.02B |
| Common Stock | 0 | 19M | 19M | 19M | 19M | 19M | 19M | 19M | 19M | 19M | 18M | 18M | 18M | 18M | 18M | 18M | 19M | 19M | 19M | 19M |
| Retained Earnings | 3.6B | 3.61B | 3.5B | 3.33B | 3.17B | 3.04B | 2.89B | 2.67B | 2.52B | 2.42B | 2.29B | 2.13B | 2.07B | 2.14B | 2.47B | 2.24B | 2.39B | 2.62B | 2.68B | 2.88B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 35M | 38M | 48M | 41M | 40M | 60M | 50M | 51M | 47M | 43M | 58M | 44M | 53M | 48M | 69M | 46M | 46M | 38M | 16M | 8M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |