Gerdau S.A. (GGB) 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 | 28.57B | 28.61B | 33.4B | 33.31B | 32.19B | 32.67B | 32.82B | 31.83B | 29.74B | 29.2B | 30.89B | 30.32B | 32.42B | 31.26B | 37.56B | 36.74B | 33.92B | 32.64B | 35.46B | 28.31B |
| Cash & Short-Term Investments | 5.59B | 6.37B | 9.87B | 8.97B | 6.87B | 8.28B | 8.83B | 6.64B | 5.94B | 5.34B | 6B | 4.18B | 5.83B | 5.43B | 8.59B | 7.75B | 7.59B | 6.79B | 8.43B | 5.64B |
| Cash Only | 5.28B | 5.93B | 9.39B | 8.5B | 6.48B | 7.77B | 8.07B | 4.89B | 3.74B | 3.01B | 2.91B | 2.56B | 2.58B | 2.48B | 6.19B | 5.78B | 4.9B | 4.16B | 3.98B | 3.03B |
| Short-Term Investments | 313.95M | 445.63M | 484.01M | 472.92M | 390.33M | 509.03M | 757.58M | 1.75B | 2.2B | 2.34B | 3.09B | 1.63B | 3.24B | 2.96B | 2.4B | 1.98B | 2.7B | 2.63B | 4.45B | 2.61B |
| Accounts Receivable | 7.22B | 6.78B | 7.54B | 7.58B | 8.2B | 7.24B | 7.31B | 7.83B | 7.18B | 6.87B | 5.74B | 8.34B | 6B | 7.21B | 6.66B | 7.26B | 6.76B | 8.31B | 10.78B | 8.24B |
| Days Sales Outstanding | 37.7 | 38.81 | 38.67 | 40.97 | 40 | 39.79 | 40.06 | 41.1 | 39.45 | 39.42 | 37.95 | 35.72 | 31.5 | 35.53 | 30.29 | 27.77 | 33.35 | 40.73 | 41.03 | 31.81 |
| Inventory | 15.19B | 14.73B | 15.27B | 16.04B | 16.56B | 16.5B | 15.91B | 16.55B | 16.04B | 15.23B | 15.82B | 16.98B | 17.18B | 17.82B | 18.81B | 18.46B | 16.32B | 16.86B | 15.65B | 13.8B |
| Days Inventory Outstanding | 93.36 | 91.24 | 90.93 | 95.73 | 96.43 | 100.75 | 100.89 | 102.77 | 103.17 | 109.15 | 105.72 | 103.72 | 103.33 | 112.06 | 104.48 | 92.74 | 98.55 | 91.38 | 90.95 | 85.45 |
| Other Current Assets | 571.87M | 715.52M | 716.32M | 709.51M | 566.91M | 643.07M | 764.98M | 813.6M | 575.76M | 1.75B | 3.34B | 811.58M | 3.41B | 793.17M | 3.49B | 3.26B | 3.26B | 682.44M | 597.05M | 638.18M |
| Total Non-Current Assets | 52.47B | 53.08B | 53.86B | 53.55B | 53.38B | 54.15B | 49.03B | 50.57B | 47.22B | 45.69B | 45.52B | 43.48B | 43.33B | 42.54B | 42.21B | 40.92B | 37.62B | 41.17B | 39.91B | 38.58B |
| Property, Plant & Equipment | 32.01B | 31.91B | 32.27B | 32.1B | 31.44B | 30.76B | 27.42B | 26.68B | 24.96B | 24.06B | 23.29B | 22.06B | 21.62B | 21.38B | 20.61B | 19.84B | 18.64B | 19.6B | 18.72B | 17.89B |
| Fixed Asset Turnover | 0.52x | 0.53x | 0.56x | 0.55x | 0.56x | 0.58x | 0.64x | 0.64x | 0.66x | 0.62x | 0.75x | 0.84x | 0.88x | 0.86x | 1.05x | 1.19x | 1.06x | 1.12x | 1.16x | 1.05x |
| Goodwill | 11.38B | 12B | 11.96B | 12.26B | 12.87B | 13.85B | 12.13B | 12.37B | 11.16B | 10.83B | 11.18B | 10.78B | 11.34B | 11.63B | 12.04B | 11.69B | 10.61B | 12.43B | 12.65B | 11.67B |
| Intangible Assets | 684.97M | 691.37M | 711.95M | 414.09M | 388.15M | 400.57M | 389.76M | 394.06M | 364.07M | 373.71M | 420.2M | 432.77M | 455.18M | 415.16M | 436.51M | 435.71M | 449.44M | 509.76M | 507.56M | 516.96M |
| Long-Term Investments | 3.86B | 3.94B | 4.05B | 3.96B | 3.86B | 4.22B | 4.2B | 4.26B | 4.07B | 3.86B | 5B | 4.72B | 4.61B | 3.9B | 4.2B | 3.93B | 3.33B | 3.34B | 2.98B | 2.55B |
| Other Non-Current Assets | 1.98B | 1.98B | 2.52B | 2.52B | 2.51B | 2.48B | 2.64B | 4.41B | 4.4B | 4.35B | 3.61B | 3.53B | 3.5B | 3.05B | 2.67B | 2.52B | 2.33B | 2.36B | 2.75B | 3.19B |
| Total Assets | 81.05B | 81.69B | 87.26B | 86.85B | 85.58B | 86.81B | 81.85B | 82.4B | 76.96B | 74.89B | 76.41B | 73.8B | 75.75B | 73.8B | 79.77B | 77.66B | 71.54B | 73.81B | 75.36B | 66.89B |
| Asset Turnover | 0.21x | 0.20x | 0.21x | 0.20x | 0.20x | 0.20x | 0.21x | 0.21x | 0.21x | 0.19x | 0.23x | 0.24x | 0.25x | 0.23x | 0.27x | 0.31x | 0.28x | 0.29x | 0.30x | 0.28x |
| Asset Growth % | -5.29% | -5.9% | 6.6% | 5.41% | 11.19% | 15.93% | 7.12% | 11.66% | 1.6% | 1.47% | -4.21% | -4.97% | 5.88% | -0.02% | 5.85% | 16.09% | 5.17% | 16.94% | 18.82% | 6.86% |
| Total Current Liabilities | 10.36B | 9.89B | 12.35B | 11.52B | 12.19B | 10.85B | 11.03B | 11.25B | 10.64B | 11.28B | 10.53B | 10.31B | 13.03B | 13.46B | 16.67B | 16.53B | 13.95B | 14.04B | 13.16B | 10.98B |
| Accounts Payable | 5.95B | 5.01B | 5.5B | 5.57B | 6.43B | 5.72B | 5.66B | 5.93B | 6.08B | 5.9B | 5.7B | 6.21B | 6.85B | 6.62B | 9.11B | 9.39B | 8.07B | 8.02B | 7.24B | 6.9B |
| Days Payables Outstanding | 34.21 | 31.96 | 32.13 | 35.24 | 35.44 | 35.35 | 36.02 | 37.88 | 39.53 | 40.78 | 38.37 | 39.66 | 39.77 | 48.12 | 51.87 | 46.57 | 47.78 | 42.89 | 43.66 | 45.2 |
| Short-Term Debt | 909.84M | 941.9M | 3.32B | 2.55B | 2.26B | 735.04M | 1.81B | 1.71B | 1.71B | 1.8B | 1.36B | 1.01B | 2.96B | 3.12B | 3.89B | 3.55B | 2.08B | 1.77B | 746.99M | 261.1M |
| 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 | 1.81B | 1.94B | 1.65B | 1.72B | 1.76B | 2.29B | 1.53B | 1.74B | 1.25B | 1.35B | 1.66B | 1.5B | 1.16B | 1.5B | 1.35B | 1.21B | 1.18B | 1.37B | 1.1B | 1.08B |
| Current Ratio | 2.76x | 2.89x | 2.70x | 2.89x | 2.64x | 3.01x | 2.98x | 2.83x | 2.79x | 2.59x | 2.93x | 2.94x | 2.49x | 2.32x | 2.25x | 2.22x | 2.43x | 2.33x | 2.70x | 2.58x |
| Quick Ratio | 1.29x | 1.40x | 1.47x | 1.50x | 1.28x | 1.49x | 1.53x | 1.36x | 1.29x | 1.24x | 1.43x | 1.29x | 1.17x | 1.00x | 1.12x | 1.11x | 1.26x | 1.12x | 1.51x | 1.32x |
| Cash Conversion Cycle | 96.86 | 98.1 | 97.47 | 101.46 | 100.99 | 105.19 | 104.93 | 105.99 | 103.09 | 107.79 | 105.29 | 99.78 | 95.06 | 99.48 | 82.9 | 73.94 | 84.12 | 89.22 | 88.32 | 72.06 |
| Total Non-Current Liabilities | 17.72B | 18B | 20.16B | 20.21B | 17.16B | 17.79B | 15.31B | 15.81B | 14.21B | 14.36B | 15.09B | 14.33B | 13.91B | 14.04B | 13.73B | 13.61B | 15.06B | 16.96B | 20.91B | 19.78B |
| Long-Term Debt | 12.92B | 13.24B | 15.33B | 15.54B | 12.25B | 12.9B | 10.72B | 10.9B | 9.35B | 9.12B | 10.15B | 9.71B | 9.32B | 9.51B | 9B | 8.92B | 10.7B | 12.3B | 16.43B | 15.58B |
| Capital Lease Obligations | 1.07B | 1B | 963.57M | 1.02B | 1.02B | 849.94M | 873.34M | 935.63M | 912.71M | 904.45M | 995.47M | 897.46M | 805.06M | 754.71M | 739.59M | 698.72M | 650.41M | 643.28M | 640.45M | 603.1M |
| Deferred Tax Liabilities | 2.71B | 2.65B | 2.64B | 2.35B | 2.47B | 2.49B | 2.34B | 2.29B | 2.3B | 2.39B | 2.4B | 2.23B | 2.17B | 2.12B | 1.97B | 1.91B | 1.84B | 1.84B | 1.32B | 1.29B |
| Other Non-Current Liabilities | 1.01B | 1.11B | 1.24B | 1.3B | 1.42B | 1.55B | 1.38B | 1.69B | 1.64B | 1.95B | 1.55B | 1.49B | 1.61B | 1.65B | 2.02B | 2.08B | 1.87B | 2.18B | 2.52B | 2.31B |
| Total Liabilities | 28.08B | 27.89B | 32.52B | 31.73B | 29.36B | 28.64B | 26.34B | 27.06B | 24.85B | 25.65B | 25.62B | 24.64B | 26.94B | 27.5B | 30.39B | 30.14B | 29B | 31B | 34.06B | 30.75B |
| Total Debt | 15.37B | 15.57B | 19.99B | 19.52B | 15.99B | 14.92B | 13.83B | 13.96B | 12.37B | 12.2B | 12.87B | 11.93B | 13.39B | 13.66B | 13.89B | 13.43B | 13.71B | 14.98B | 18.08B | 16.67B |
| Net Debt | 10.1B | 9.64B | 10.6B | 11.02B | 9.51B | 7.15B | 5.75B | 9.07B | 8.63B | 9.19B | 9.95B | 9.37B | 10.8B | 11.19B | 7.71B | 7.66B | 8.81B | 10.82B | 14.1B | 13.64B |
| Debt / Equity | 0.29x | 0.29x | 0.37x | 0.35x | 0.28x | 0.26x | 0.25x | 0.25x | 0.24x | 0.25x | 0.25x | 0.24x | 0.27x | 0.30x | 0.28x | 0.28x | 0.32x | 0.35x | 0.44x | 0.46x |
| Debt / EBITDA | 5.79x | 7.28x | 7.97x | 8.15x | 7.11x | 8.53x | 4.74x | 5.85x | 4.74x | 6.48x | 4.06x | 3.28x | 2.67x | 4.43x | 2.67x | 2.07x | 2.42x | 2.74x | 2.24x | 2.69x |
| Net Debt / EBITDA | 3.80x | 4.51x | 4.23x | 4.60x | 4.23x | 4.09x | 1.97x | 3.80x | 3.31x | 4.88x | 3.14x | 2.58x | 2.16x | 3.63x | 1.48x | 1.18x | 1.55x | 1.98x | 1.75x | 2.20x |
| Interest Coverage | 6.36x | -1.83x | 5.01x | 4.66x | 30.19x | 15.55x | 52.68x | 34.71x | 65.98x | 22.39x | 49.44x | 60.84x | 111.07x | 69.78x | 78.25x | 102.51x | 101.03x | 62.31x | 148.56x | 140.85x |
| Total Equity | 52.97B | 53.8B | 54.74B | 55.12B | 56.22B | 58.17B | 55.52B | 55.34B | 52.11B | 49.24B | 50.79B | 49.16B | 48.8B | 46.3B | 49.38B | 47.52B | 42.54B | 42.82B | 41.3B | 36.14B |
| Equity Growth % | -5.78% | -7.52% | -1.4% | -0.39% | 7.88% | 18.15% | 9.31% | 12.58% | 6.78% | 6.35% | 2.85% | 3.45% | 14.73% | 8.13% | 19.57% | 31.48% | 22.6% | 37.74% | 31.13% | 19.43% |
| Book Value per Share | 26.70 | 27.24 | 27.37 | 27.31 | 27.48 | 27.61 | 26.34 | 26.20 | 20.57 | 23.30 | 28.85 | 27.93 | 27.73 | 25.07 | 27.78 | 26.42 | 23.62 | 23.91 | 17.35 | 20.09 |
| Total Shareholders' Equity | 52.77B | 53.59B | 54.54B | 54.92B | 56.02B | 57.95B | 55.29B | 55.13B | 51.92B | 49.06B | 50.6B | 48.98B | 48.62B | 46.12B | 49.19B | 47.33B | 42.33B | 42.6B | 41.08B | 35.91B |
| Common Stock | 24.27B | 24.27B | 24.27B | 24.27B | 24.27B | 24.27B | 24.27B | 24.27B | 20.22B | 20.22B | 20.22B | 20.22B | 20.22B | 19.25B | 19.25B | 19.25B | 19.25B | 19.25B | 19.25B | 19.25B |
| Retained Earnings | 23.72B | 23.05B | 22.91B | 23.14B | 24.29B | 24.24B | 25.09B | 24B | 25.74B | 25.91B | 26.16B | 25.33B | 24.09B | 22.17B | 25.57B | 23.75B | 20.44B | 17.84B | 17.05B | 13.04B |
| Treasury Stock | -553.73M | -520.07M | -549.57M | -565.51M | -469.35M | -734.28M | -438M | -97.29M | -98.43M | -150.18M | -151.65M | -154.9M | -156.03M | -180M | -1.07B | -472.91M | -133.17M | -152.41M | -152.97M | -152.97M |
| Accumulated OCI | 5.33B | 9.68B | 10.81B | 10.98B | 10.83B | 13.08B | 9.27B | 9.86B | 4.02B | 5.98B | 7.28B | 6.49B | 7.38B | 7.78B | 8.34B | 7.71B | 5.64B | 8.54B | 7.81B | 6.64B |
| Minority Interest | 199.54M | 213.1M | 198.87M | 201.24M | 202.37M | 225.03M | 220.94M | 211.6M | 191.53M | 179.9M | 186.56M | 180.07M | 184.02M | 182M | 190.5M | 185.11M | 207.89M | 211.37M | 215.38M | 226.79M |