Petróleo Brasileiro S.A. - Petrobras (PBR) 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 | 26.91B | 25.56B | 28.08B | 24.9B | 21.74B | 21.84B | 30.72B | 28.66B | 33.22B | 32.45B | 29.42B | 28.39B | 30.94B | 31.25B | 29.47B | 42.91B | 42.11B | 30.15B | 30.58B | 30.29B |
| Cash & Short-Term Investments | 9.12B | 9.24B | 11.66B | 9.5B | 7.67B | 7.53B | 14.29B | 12.17B | 16.36B | 15.55B | 13.41B | 12.65B | 13.17B | 10.77B | 6.79B | 19.14B | 18.48B | 11.12B | 11.46B | 10.42B |
| Cash Only | 3.67B | 6.5B | 8.96B | 7B | 4.7B | 3.27B | 8.69B | 7.88B | 11.55B | 12.73B | 12.11B | 10.35B | 10.29B | 8B | 4.37B | 16.29B | 17.22B | 10.47B | 10.92B | 9.82B |
| Short-Term Investments | 5.45B | 2.74B | 2.69B | 2.5B | 2.97B | 4.26B | 5.59B | 4.29B | 4.82B | 2.82B | 1.3B | 2.3B | 2.88B | 2.77B | 2.41B | 2.85B | 1.26B | 650M | 537M | 602M |
| Accounts Receivable | 6.32B | 6.68B | 6.04B | 5.23B | 4.69B | 5.53B | 6.82B | 7.21B | 6.58B | 7.31B | 6.28B | 5.68B | 5.83B | 6.32B | 5.51B | 6.32B | 6.97B | 7.71B | 6.17B | 6.41B |
| Days Sales Outstanding | 24.86 | 23.21 | 22.08 | 21.46 | 21.84 | 27.29 | 27.6 | 26.73 | 26.6 | 23.07 | 21.55 | 22.03 | 19.91 | 18.03 | 16.79 | 17.43 | 24.3 | 26.58 | 24.88 | 22.26 |
| Inventory | 9.3B | 8.24B | 8.7B | 8.23B | 7.45B | 6.71B | 7.44B | 7.34B | 8.18B | 7.68B | 7.89B | 8.14B | 7.97B | 8.78B | 9.77B | 9.51B | 10.21B | 7.25B | 7.28B | 7.2B |
| Days Inventory Outstanding | 61.05 | 57.38 | 63.53 | 64.72 | 59.63 | 60.1 | 59.85 | 60.13 | 62.68 | 57.52 | 61.55 | 62.5 | 58.08 | 54.72 | 55.87 | 58.87 | 61.48 | 49.69 | 56.15 | 63.5 |
| Other Current Assets | 1.57B | 924.22M | 1.68B | 1.94B | 1.93B | 2.06B | 2.18B | 1.94B | 2.1B | 1.91B | 1.83B | 1.91B | 3.98B | 5.38B | 7.4B | 7.94B | 6.45B | 4.06B | 5.68B | 6.26B |
| Total Non-Current Assets | 211.71B | 197.72B | 199.8B | 190.4B | 178.13B | 159.81B | 167.12B | 161.79B | 180.4B | 184.62B | 175.37B | 177.13B | 161.68B | 155.94B | 145.79B | 148.91B | 168.68B | 144.2B | 148.61B | 157.91B |
| Property, Plant & Equipment | 180.75B | 168.75B | 171.56B | 163.63B | 152.43B | 136.28B | 141.08B | 135.95B | 150.21B | 153.42B | 144.87B | 146.63B | 133.58B | 130.17B | 124.12B | 127.42B | 145.01B | 125.33B | 129.4B | 125.91B |
| Fixed Asset Turnover | 0.13x | 0.15x | 0.14x | 0.13x | 0.15x | 0.15x | 0.17x | 0.16x | 0.16x | 0.18x | 0.18x | 0.17x | 0.21x | 0.24x | 0.26x | 0.25x | 0.20x | 0.19x | 0.18x | 0.18x |
| Goodwill | 22.98M | 21.9M | 22M | 23M | 22M | 20M | 23M | 22M | 25M | 25M | 25M | 26M | 24M | 24M | 23M | 23M | 26M | 22M | 23M | 25M |
| Intangible Assets | 2.66B | 2.51B | 2.5B | 2.41B | 2.26B | 2.23B | 2.54B | 2.67B | 2.94B | 3.02B | 2.89B | 3.36B | 3.03B | 2.96B | 2.83B | 3.23B | 3.56B | 3B | 3.03B | 15.5B |
| Long-Term Investments | 17.2B | 554.46M | 847M | 829M | 1.56B | 1.24B | 1.62B | 2.33B | 3.12B | 3.77B | 5.29B | 4.84B | 4.28B | 3.13B | 1.72B | 1.77B | 2.08B | 1.55B | 1.93B | 2.11B |
| Other Non-Current Assets | 9.49B | 24.86B | 23.85B | 22.51B | 20.87B | 19.11B | 20.88B | 19.73B | 22.95B | 23.42B | 21.31B | 21.61B | 20.04B | 18.82B | 16.61B | 15.92B | 17.37B | 13.69B | 13.34B | 13.81B |
| Total Assets | 238.62B | 223.28B | 227.89B | 215.3B | 199.87B | 181.65B | 197.84B | 190.45B | 213.62B | 217.07B | 204.79B | 205.52B | 192.62B | 187.19B | 175.26B | 191.82B | 210.79B | 174.35B | 179.19B | 188.21B |
| Asset Turnover | 0.10x | 0.11x | 0.11x | 0.10x | 0.11x | 0.11x | 0.12x | 0.12x | 0.11x | 0.13x | 0.12x | 0.12x | 0.14x | 0.17x | 0.18x | 0.17x | 0.14x | 0.14x | 0.13x | 0.12x |
| Asset Growth % | 19.39% | 22.92% | 15.19% | 13.05% | -6.44% | -16.32% | -3.39% | -7.33% | 10.9% | 15.96% | 16.85% | 7.14% | -8.62% | 7.37% | -2.19% | 1.92% | 20.3% | -8.24% | 4.69% | 1.52% |
| Total Current Liabilities | 36.23B | 36.2B | 34.29B | 32.83B | 30.27B | 31.46B | 32.84B | 32.02B | 30.8B | 33.86B | 30.87B | 31.46B | 25.28B | 31.38B | 25.12B | 32.68B | 27.49B | 24.18B | 25.49B | 23.18B |
| Accounts Payable | 7.48B | 7.47B | 6.82B | 6.3B | 5.45B | 6.08B | 5.3B | 4.81B | 5.16B | 4.81B | 4.67B | 5.43B | 5.05B | 5.46B | 5.21B | 5.53B | 5.92B | 5.48B | 5.42B | 5.33B |
| Days Payables Outstanding | 52.05 | 48.4 | 49.22 | 48.47 | 48.55 | 48.33 | 40.94 | 38.66 | 39.44 | 35.03 | 38.77 | 40.65 | 36.45 | 31.49 | 31.11 | 34.17 | 40.14 | 37.3 | 41.71 | 46.73 |
| Short-Term Debt | 12.72B | 2.2B | 2.48B | 2.48B | 2.76B | 2.57B | 3.96B | 4.62B | 4.91B | 4.32B | 4.38B | 4.13B | 4.1B | 3.58B | 3.31B | 4.12B | 3.79B | 3.64B | 3.42B | 2.86B |
| 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 | 10.59B | 9.23B | 9.09B | 8.55B | 8.18B | 6.93B | 7.78B | 7.26B | 8.29B | 8.52B | 5.4B | 5.45B | 6.12B | 6.68B | 6.82B | 7.47B | 6.61B | 4.89B | 4.94B | 5.46B |
| Current Ratio | 0.74x | 0.71x | 0.82x | 0.76x | 0.72x | 0.69x | 0.94x | 0.90x | 1.08x | 0.96x | 0.95x | 0.90x | 1.22x | 1.00x | 1.17x | 1.31x | 1.53x | 1.25x | 1.20x | 1.31x |
| Quick Ratio | 0.49x | 0.48x | 0.57x | 0.51x | 0.47x | 0.48x | 0.71x | 0.67x | 0.81x | 0.73x | 0.70x | 0.64x | 0.91x | 0.72x | 0.78x | 1.02x | 1.16x | 0.95x | 0.91x | 1.00x |
| Cash Conversion Cycle | 33.86 | 32.19 | 36.39 | 37.71 | 32.93 | 39.05 | 46.51 | 48.2 | 49.84 | 45.56 | 44.32 | 43.89 | 41.54 | 41.27 | 41.55 | 42.13 | 45.65 | 38.97 | 39.32 | 39.03 |
| Total Non-Current Liabilities | 116.92B | 110.86B | 113.7B | 108.83B | 100.36B | 90.83B | 92.48B | 90.78B | 100.78B | 104.23B | 96.54B | 96.82B | 87.93B | 85.97B | 80.95B | 80.33B | 91.05B | 80.36B | 84.63B | 92.58B |
| Long-Term Debt | 25.04B | 24.36B | 25.64B | 23.32B | 21.07B | 20.6B | 21.8B | 21.7B | 22.82B | 24.48B | 25.08B | 25.1B | 25.74B | 26.38B | 27.55B | 26.93B | 31.63B | 32.06B | 33.3B | 40.64B |
| Capital Lease Obligations | 33.41B | 33.46B | 33B | 33B | 31.82B | 28.61B | 25.63B | 25.87B | 26.64B | 26.6B | 24.9B | 22.53B | 17.87B | 18.29B | 18.08B | 17.3B | 17.78B | 17.61B | 17.18B | 14.6B |
| Deferred Tax Liabilities | 9.48B | 6.38B | 9.24B | 7.6B | 4.8B | 1.47B | 7.26B | 6.08B | 10.04B | 10.91B | 10.17B | 11.1B | 8.38B | 6.75B | 6.56B | 6.89B | 9.12B | 1.23B | 155M | 449M |
| Other Non-Current Liabilities | 48.98B | 46.67B | 45.82B | 44.91B | 42.67B | 40.16B | 37.79B | 37.13B | 41.27B | 42.24B | 36.38B | 38.08B | 35.94B | 34.56B | 28.76B | 29.19B | 32.52B | 29.46B | 33.99B | 36.89B |
| Total Liabilities | 153.14B | 147.07B | 147.99B | 141.67B | 130.63B | 122.3B | 125.33B | 122.8B | 131.57B | 138.09B | 127.41B | 128.27B | 113.21B | 117.36B | 106.07B | 113B | 118.53B | 104.54B | 110.12B | 115.76B |
| Total Debt | 71.18B | 70.09B | 70.71B | 68.06B | 64.49B | 60.31B | 59.13B | 59.63B | 61.84B | 62.6B | 61B | 57.97B | 53.35B | 53.8B | 54.27B | 53.58B | 58.55B | 58.74B | 59.59B | 63.69B |
| Net Debt | 67.51B | 63.59B | 61.75B | 61.07B | 59.8B | 57.04B | 50.44B | 51.75B | 50.29B | 49.87B | 48.89B | 47.62B | 43.06B | 45.8B | 49.89B | 37.29B | 41.33B | 48.28B | 48.67B | 53.86B |
| Debt / Equity | 0.83x | 0.92x | 0.88x | 0.92x | 0.93x | 1.02x | 0.82x | 0.88x | 0.75x | 0.79x | 0.79x | 0.75x | 0.67x | 0.77x | 0.78x | 0.68x | 0.63x | 0.84x | 0.86x | 0.88x |
| Debt / EBITDA | 6.29x | 7.31x | 5.97x | 7.42x | 6.07x | 14.12x | 5.01x | 6.30x | 5.01x | 4.92x | 4.53x | 4.83x | 3.72x | 3.36x | 3.11x | 2.43x | 3.85x | 4.70x | 3.84x | 5.44x |
| Net Debt / EBITDA | 5.96x | 6.63x | 5.21x | 6.66x | 5.63x | 13.35x | 4.28x | 5.47x | 4.07x | 3.92x | 3.63x | 3.97x | 3.00x | 2.86x | 2.86x | 1.69x | 2.72x | 3.86x | 3.14x | 4.60x |
| Interest Coverage | 11.42x | 0.36x | 11.95x | 10.12x | 15.16x | -3.02x | 14.15x | 0.22x | 9.93x | 10.99x | 9.30x | 14.13x | 18.41x | 13.97x | 20.55x | 23.60x | 23.08x | 12.65x | 11.99x | 13.57x |
| Total Equity | 85.48B | 76.21B | 79.9B | 73.63B | 69.24B | 59.35B | 72.51B | 67.65B | 82.05B | 78.97B | 77.38B | 77.25B | 79.4B | 69.84B | 69.19B | 78.82B | 92.25B | 69.81B | 69.07B | 72.45B |
| Equity Growth % | 23.45% | 28.41% | 10.19% | 8.84% | -15.61% | -24.85% | -6.29% | -12.43% | 3.33% | 13.09% | 11.83% | -1.99% | -13.93% | 0.03% | 0.19% | 8.79% | 64.12% | 16.59% | 55.61% | 61.45% |
| Book Value per Share | 13.26 | 11.83 | 12.40 | 11.43 | 10.74 | 9.21 | 11.24 | 10.49 | 12.70 | 12.18 | 11.87 | 11.84 | 12.17 | 10.71 | 10.61 | 12.08 | 14.14 | 10.70 | 10.59 | 11.11 |
| Total Shareholders' Equity | 85.25B | 75.88B | 79.52B | 73.16B | 68.93B | 59.11B | 72.25B | 67.19B | 81.59B | 78.58B | 77.08B | 76.92B | 79.14B | 69.49B | 68.9B | 78.38B | 91.65B | 69.41B | 67.85B | 71.18B |
| Common Stock | 39.34B | 37.49B | 107.1B | 107.1B | 107.1B | 107.1B | 107.1B | 107.1B | 107.1B | 107.1B | 107.1B | 107.1B | 107.1B | 107.1B | 107.1B | 107.1B | 107.1B | 107.1B | 107.1B | 107.1B |
| Retained Earnings | 36.58B | 0 | 13.2B | 8.69B | 5.97B | 0 | 6.42B | 1.83B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 9.33B | 38.39B | -40.78B | -42.64B | -44.14B | -47.99B | -41.27B | -41.75B | -25.51B | -28.52B | -30.02B | -30.18B | -27.96B | -37.61B | -38.2B | -28.72B | -15.46B | -37.69B | -39.25B | -35.92B |
| Minority Interest | 226.54M | 328.7M | 381M | 470M | 307M | 244M | 257M | 463M | 459M | 392M | 297M | 332M | 260M | 344M | 297M | 439M | 606M | 405M | 1.22B | 1.27B |