IHS Holding Limited (IHS) 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 | 2.69B | 2.5B | 1.07B | 984.5M | 961.2M | 924.31M | 852.74M | 882.31M | 736.11M | 972.61M | 1.14B | 1.08B | 1.36B | 1.25B | 1.29B | 1.34B | 1.18B | 1.43B | 881.45M | 898.86M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | 940.5M | 825.7M | 647.6M | 531.8M | 629M | 577.96M | 397.5M | 445.71M | 333.2M | 293.82M | 425.44M | 433.05M | 515.59M | 514.08M | 530.47M | 567.3M | 508.61M | 916.49M | 501.49M | 541.64M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 23.57 | 52.37 | 49.75 | 62.57 | 51.83 | 67.46 | 78.23 | 55.29 | 48.78 | 35.14 | 36.56 | 35.39 | 66.79 | 80.53 | 47.64 | 53.27 | 49.24 | 49.14 | 48.26 | 40.75 |
| Inventory | 41.1M | 42.1M | 40.8M | 39M | 44.3M | 30.75M | 31.87M | 33.56M | 39.88M | 40.59M | 60.38M | 32.63M | 66.18M | 74.22M | 70.07M | 61.64M | 39.63M | 42.02M | 38.84M | 36.03M |
| Days Inventory Outstanding | 20.34 | 39.54 | 15.36 | 17.96 | 15.8 | 12.65 | 14.92 | 16.17 | 14.23 | 19.89 | 16.92 | 15.13 | 20.6 | 19.78 | 20.36 | 17.03 | 14.66 | 15.87 | 12.62 | 17.22 |
| Other Current Assets | 1.5B | 1.45B | 189.2M | 99.9M | 0 | 0 | 157K | 402K | 7.4M | 26.61M | 21.14M | 0 | 0 | -49.93M | 0 | 0 | 0 | 0 | 0 | 100.23M |
| Total Non-Current Assets | 1.98B | 1.99B | 3.61B | 3.51B | 3.45B | 3.35B | 3.72B | 3.66B | 3.87B | 4.39B | 4.4B | 4.61B | 5.13B | 5.07B | 4.95B | 5.06B | 4.72B | 4.11B | 3.69B | 3.78B |
| Property, Plant & Equipment | 1.19B | 1.19B | 2.16B | 2.1B | 2.1B | 2.05B | 2.24B | 2.22B | 2.38B | 2.63B | 2.64B | 2.77B | 3.08B | 3.04B | 2.7B | 2.73B | 2.47B | 2.28B | 2B | 2.02B |
| Fixed Asset Turnover | 0.35x | 0.15x | 0.21x | 0.21x | 0.21x | 0.20x | 0.19x | 0.19x | 0.17x | 0.19x | 0.17x | 0.19x | 0.20x | 0.18x | 0.19x | 0.18x | 0.19x | 0.19x | 0.20x | 0.20x |
| Goodwill | 269.5M | 262.7M | 441.3M | 430.7M | 417.8M | 403.24M | 441.97M | 442.54M | 467.99M | 619.3M | 638.54M | 664.45M | 1.81B | 763.39M | 917.02M | 954.1M | 945.75M | 779.9M | 727.36M | 750.5M |
| Intangible Assets | 281.3M | 288.9M | 707.7M | 714.9M | 696.7M | 673.95M | 809.67M | 804.64M | 862M | 933.03M | 908.82M | 973.06M | 0 | 1.05B | 1.16B | 1.21B | 1.09B | 845.73M | 726.4M | 763.65M |
| Long-Term Investments | 135.8M | 50.1M | 0 | 114.7M | 109.3M | 117.84M | 158.37M | 6K | 9K | 13K | 64.89M | 51.7M | 40.84M | 10K | 35.44M | 43.18M | 101.5M | 11K | 169.97M | 8K |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 4.67B | 4.49B | 4.68B | 4.49B | 4.42B | 4.28B | 4.57B | 4.54B | 4.61B | 5.36B | 5.54B | 5.68B | 6.49B | 6.32B | 6.24B | 6.4B | 5.89B | 5.54B | 4.57B | 4.68B |
| Asset Turnover | 0.09x | 0.06x | 0.10x | 0.10x | 0.10x | 0.10x | 0.09x | 0.10x | 0.08x | 0.09x | 0.08x | 0.09x | 0.09x | 0.08x | 0.08x | 0.08x | 0.08x | 0.08x | 0.09x | 0.09x |
| Asset Growth % | 5.65% | 4.97% | 2.45% | -1.11% | -4.13% | -20.28% | -17.49% | -20.13% | -29.07% | -15.13% | -11.18% | -11.24% | 10.17% | 14.05% | 36.47% | 36.74% | 35.6% | 24.61% | - | - |
| Total Current Liabilities | 1.34B | 1.2B | 667.1M | 641.2M | 755.5M | 693.57M | 740.43M | 707.86M | 783.17M | 1.22B | 1.23B | 1.16B | 1.2B | 1.27B | 1.45B | 1.36B | 944.35M | 830.56M | 755.28M | 765.7M |
| Accounts Payable | 183.6M | 148.4M | 196.5M | 349M | 398.3M | 232.93M | 400.93M | 208.45M | 238.59M | 330.62M | 356.14M | 344.53M | 459.95M | 442.96M | 374.34M | 433.3M | 367.21M | 342.84M | 314.77M | 300.99M |
| Days Payables Outstanding | 81.15 | 164.49 | 104.99 | 161.15 | 132.92 | 128 | 138.95 | 98.41 | 100.63 | 135.28 | 127.47 | 123.2 | 132.5 | 112.02 | 124.84 | 134.6 | 127.51 | 129.07 | 103.76 | 132.64 |
| Short-Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 596.3M | 547.6M | 171.5M | 45.3M | 10.4M | 10.38M | 10.7M | 118.84M | 40.84M | 182.67M | 161.64M | 139.29M | 98.37M | 1.88M | 99.16M | 103.7M | 113.88M | 4.11M | 104.05M | 163.17M |
| Current Ratio | 2.01x | 2.08x | 1.60x | 1.54x | 1.27x | 1.33x | 1.15x | 1.25x | 0.94x | 0.80x | 0.92x | 0.93x | 1.13x | 0.99x | 0.89x | 0.99x | 1.25x | 1.72x | 1.17x | 1.17x |
| Quick Ratio | 1.97x | 2.05x | 1.54x | 1.47x | 1.21x | 1.29x | 1.11x | 1.20x | 0.89x | 0.76x | 0.88x | 0.90x | 1.08x | 0.93x | 0.84x | 0.94x | 1.21x | 1.67x | 1.12x | 1.13x |
| Cash Conversion Cycle | -37.24 | -72.58 | -39.88 | -80.61 | -65.29 | -47.89 | -45.8 | -26.95 | -37.63 | -80.25 | -73.99 | -72.69 | -45.11 | -11.72 | -56.84 | -64.3 | -63.61 | -64.06 | -42.88 | -74.66 |
| Total Non-Current Liabilities | 3.35B | 3.38B | 3.98B | 3.95B | 3.85B | 3.88B | 4.1B | 4.12B | 3.99B | 3.8B | 3.82B | 3.78B | 3.88B | 3.69B | 3.3B | 3.46B | 3.06B | 2.97B | 2.57B | 2.6B |
| Long-Term Debt | 2.81B | 2.84B | 3.14B | 3.14B | 3.17B | 3.22B | 3.35B | 3.42B | 3.29B | 3.06B | 3.08B | 3.03B | 3.1B | 2.91B | 2.58B | 2.66B | 2.39B | 2.4B | 1.96B | 1.98B |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 4.69B | 4.58B | 4.65B | 4.59B | 4.6B | 4.57B | 4.84B | 4.83B | 4.77B | 5.02B | 5.06B | 4.93B | 5.08B | 4.96B | 4.74B | 4.81B | 4.01B | 3.8B | 3.33B | 3.36B |
| Total Debt | 3.5B | 3.51B | 3.9B | 3.83B | 3.96B | 3.9B | 4.14B | 4.16B | 4.05B | 4.11B | 4.14B | 4.06B | 4.06B | 3.95B | 3.76B | 3.74B | 3.06B | 2.99B | 2.52B | 2.6B |
| Net Debt | 2.56B | 2.68B | 3.25B | 3.3B | 3.33B | 3.32B | 3.74B | 3.72B | 3.72B | 3.82B | 3.71B | 3.63B | 3.54B | 3.44B | 3.23B | 3.17B | 2.55B | 2.07B | 2.02B | 2.06B |
| Debt / Equity | - | - | 102.24x | - | - | - | - | - | - | 11.84x | 8.53x | 5.41x | 2.87x | 2.90x | 2.52x | 2.35x | 1.62x | 1.71x | 2.03x | 1.97x |
| Debt / EBITDA | 19.79x | 14.13x | 15.29x | 16.29x | 15.68x | 14.03x | 19.07x | 17.68x | 23.74x | 16.03x | 34.21x | 15.37x | 12.92x | 38.62x | 14.98x | 17.70x | 14.14x | 16.74x | 16.27x | 10.82x |
| Net Debt / EBITDA | 14.47x | 10.81x | 12.75x | 14.03x | 13.19x | 11.95x | 17.23x | 15.79x | 21.79x | 14.88x | 30.69x | 13.73x | 11.28x | 33.60x | 12.87x | 15.02x | 11.79x | 11.60x | 13.04x | 8.57x |
| Interest Coverage | 1.48x | 5.43x | 2.17x | 1.46x | 1.61x | -12.24x | 0.43x | 0.18x | -13.30x | -3.25x | 0.43x | -9.67x | 1.25x | -2.33x | -0.03x | -1.20x | 1.50x | -0.88x | 0.97x | 3.77x |
| Total Equity | -23.7M | -89.8M | 38.1M | -98.4M | -184.4M | -295.81M | -265.96M | -289.61M | -163.12M | 347.35M | 484.79M | 750.75M | 1.41B | 1.36B | 1.5B | 1.59B | 1.89B | 1.74B | 1.24B | 1.32B |
| Equity Growth % | 87.15% | 69.64% | 114.33% | 66.02% | -13.04% | -185.16% | -154.86% | -138.58% | -111.54% | -74.46% | -67.59% | -52.79% | -25.14% | -21.99% | 20.56% | 20.29% | 61.27% | 42.43% | - | - |
| Book Value per Share | -0.07 | -0.27 | 0.11 | -0.28 | -0.56 | -0.88 | -0.79 | -0.87 | -0.49 | 1.04 | 1.45 | 2.25 | 4.22 | 4.10 | 4.46 | 4.75 | 5.63 | 5.48 | 3.78 | 4.03 |
| Total Shareholders' Equity | -193.3M | -251.3M | -135.8M | -270.8M | -352.3M | -454.58M | -472.44M | -492.31M | -390.03M | 109.85M | 255.61M | 514.3M | 1.18B | 1.13B | 1.27B | 1.36B | 1.64B | 1.52B | 1.23B | 1.31B |
| Common Stock | 5.42B | 100.66M | 5.42B | 5.42B | 5.42B | 100.03M | 5.4B | 5.4B | 5.4B | 5.39B | 5.39B | 5.4B | 5.39B | 5.31B | 5.31B | 5.31B | 5.31B | 5.22B | 4.53B | 4.53B |
| Retained Earnings | -6.72B | -6.8B | -6.72B | -6.88B | -6.89B | -6.93B | -7.17B | -6.97B | -6.85B | -5.29B | -4.81B | -4.55B | -3.3B | -3.32B | -3.06B | -3.01B | -2.84B | -2.86B | -2.78B | -2.76B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 1.11B | 1.13B | 1.17B | 1.19B | 1.12B | 1.06B | 1.3B | 1.08B | 1.06B | 8.43M | -325.46M | -340.17M | -896.69M | -861.27M | -974.84M | -931.32M | -834.94M | -842.91M | -520.11M | -465.04M |
| Minority Interest | 169.6M | 161.5M | 173.9M | 172.4M | 167.9M | 158.77M | 206.48M | 202.69M | 226.91M | 237.51M | 229.18M | 236.45M | 229.6M | 227.2M | 220.83M | 225.5M | 251.37M | 223.19M | 13.84M | 14.28M |