Vale S.A. (VALE) balance sheet
NYSE · Basic Materials · Industrial Materials · 65,805 employees · CEO Gustavo Duarte Pimenta
- Price
- $11.39 +1.88%
- Market cap
- $48.5B
- Enterprise value
- $59.6B
- Last report
- Q3 '26 filed 2026-10-30
- Next report
- 2027-02-11 EPS est. $0.44
At the end of Q3 '26 Vale S.A. (VALE) held $5.04B in cash and short-term investments against $18.2B of debt incl. leases. Total assets $88.6B, total liabilities $50B, shareholders' equity $37.6B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $3.61B | $3.79B | $6.48B | $4.6B | $4.96B | $3.96B | $5.51B | $5.89B | $7.4B | $5.08B | $5.58B | $4.85B | |
| Short-term investments | $51.5M | $44.2M | $61M | $53M | $53.5M | $43M | $182M | $188M | $195M | $194M | $188M | $196M | |
| Receivables | $5.08B | $3.07B | $2.99B | $3.72B | $3.46B | $3.24B | $3.74B | $3.73B | $3.82B | $3.71B | $4.33B | $4.47B | |
| Inventory | $4.67B | $5.19B | $4.79B | $4.95B | $4.61B | $4.92B | $5.24B | $5.56B | $5.96B | $6.13B | $6.26B | $6.07B | |
| Other current assets | $5.87B | $5.44B | $505M | $490M | $416M | $2.53B | $2.91B | $1.09B | $991M | $1.62B | $1.3B | $1.39B | |
| Current assets | $18.6B | $17.5B | $14.8B | $13.8B | $13.5B | $14.7B | $17.6B | $16.5B | $18.4B | $16.7B | $17.7B | $17B | |
| Property, plant & equipment (net) | $48.2B | $47.5B | $44.6B | $46.1B | $40B | $41.9B | $44.3B | $45.2B | $43.8B | $45.6B | $46.4B | $46.8B | |
| Long-term investments | $3.2B | $2.84B | $3.76B | $4.79B | $4.61B | $4.68B | $4.84B | $6.06B | $5.91B | $6.12B | $6.3B | $7.07B | |
| Goodwill | $3.25B | $3.18B | $3.01B | $3.33B | $3.04B | $2.9B | $3.05B | $3.04B | $1.3B | $1.37B | $1.38B | $1.38B | |
| Intangible assets | $8.37B | $8.08B | $7.18B | $8.21B | $7.49B | $7.28B | $7.67B | $7.88B | $7.69B | $7.99B | $8.04B | $8.04B | |
| Deferred tax assets | $9.53B | $9.68B | $9.93B | $9.88B | $50M | $8.31B | $8.98B | $8.88B | $6.34B | $6.02B | $6.02B | $6.02B | |
| Other non-current assets | $2.63B | $2.76B | $3.32B | $2.79B | $11.5B | $3.64B | $3.97B | $3.5B | $3.47B | $3.67B | $3.48B | $2.33B | |
| Non-current assets | $75.2B | $74B | $71.8B | $75.1B | $66.7B | $68.7B | $72.8B | $74.6B | $68.5B | $70.8B | $71.6B | $71.6B | |
| Total assets | $93.9B | $91.5B | $86.6B | $88.9B | $80.3B | $83.4B | $90.4B | $91.1B | $86.9B | $87.5B | $89.3B | $88.6B | |
| Liabilities | |||||||||||||
| Accounts payable | $5.27B | $5.55B | $4.77B | $5.35B | $4.23B | $4.4B | $5.45B | $5.64B | $5.59B | $5.49B | $6.2B | $6.82B | |
| Accrued expenses | $0 | $0 | $0 | $0 | $1.27B | $0 | $0 | $1.01B | $1.14B | $684M | $887M | $1.06B | |
| Short-term debt | $824M | $1.29B | $910M | $842M | $1.02B | $608M | $685M | $644M | $681M | $757M | $1.26B | $1.35B | |
| Taxes payable | $1.74B | $2.19B | $1.63B | $1.65B | $927M | $1.04B | $1.43B | $0 | $0 | $0 | $0 | $0 | |
| Deferred revenue | $591M | $745M | $680M | $641M | $467M | $517M | $539M | $0 | $0 | $0 | $0 | $0 | |
| Other current liabilities | $5.14B | $4.77B | $3.98B | $4.21B | $2.87B | $4.56B | $4.74B | $5B | $7.41B | $5.48B | $5.11B | $4.92B | |
| Current liabilities | $14.6B | $15.6B | $13.7B | $15.2B | $13.1B | $13.2B | $14.5B | $13.3B | $15.9B | $13.5B | $14.8B | $15.4B | |
| Long-term debt | $14.5B | $14.6B | $15.3B | $15B | $16B | $17.2B | $18.9B | $17.4B | $18.2B | $17.6B | $17.2B | $16.4B | |
| Lease obligations (non-current) | $1.26B | $1.23B | $1.18B | $608M | $567M | $605M | $524M | $524M | $510M | $481M | $465M | $441M | |
| Deferred revenue (non-current) | $3.28B | $2.98B | $2.55B | $2.48B | $1.89B | $2.01B | $2.09B | $0 | $0 | $0 | $0 | $0 | |
| Deferred tax liabilities | $867M | $847M | $806M | $966M | $445M | $175M | $127M | $65.7M | $107M | $81.6M | $53.9M | $171M | |
| Other non-current liabilities | $18.5B | $17.3B | $14.6B | $15B | $13.7B | $13.9B | $13.7B | $17.6B | $17.7B | $18.4B | $17.8B | $17.6B | |
| Non-current liabilities | $38.4B | $36.9B | $34.5B | $34B | $32.5B | $33.8B | $35.4B | $35.6B | $36.5B | $36.5B | $35.5B | $34.6B | |
| Total liabilities | $53B | $52.6B | $48.2B | $49.2B | $45.7B | $47.1B | $49.9B | $48.9B | $52.4B | $50B | $50.4B | $50B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $15.9B | $15.4B | $61.6B | $61.6B | $12.5B | $61.6B | $61.6B | $14.5B | $14.1B | $14.8B | $15B | $15B | |
| Retained earnings | $13B | $10.9B | $4.45B | $5.25B | $18.6B | $1.39B | $3.51B | $8.53B | $1.1B | $3.06B | $4.41B | $20B | |
| Accumulated other comprehensive income | $14B | $14.9B | -$25.2B | -$24.7B | $5.56B | -$23.9B | -$22B | $21.6B | $22B | $21.3B | $21.2B | $5.32B | |
| Shareholders' equity | $39.3B | $37.4B | $37B | $38.3B | $33.4B | $35.2B | $39.3B | $41B | $33.6B | $36.6B | $38B | $37.6B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $16.8B | $17.3B | $17.6B | $16.6B | $17.7B | $18.5B | $20.3B | $18.5B | $19.4B | $18.8B | $18.9B | $18.2B | |
| Net debt (debt - cash) | $13.2B | $13.5B | $11.1B | $12B | $12.8B | $14.6B | $14.8B | $12.6B | $12B | $13.7B | $13.4B | $13.3B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $4.26B | $4.33B | $5.78B | $7.35B | $13.5B | $11.7B | $4.74B | $3.61B | $4.96B | $7.4B | |
| Short-term investments | $18M | $2.02B | $32M | $826M | $771M | $184M | $61M | $51.5M | $53.5M | $195M | |
| Receivables | $5.29B | $5.65B | $3.89B | $3.77B | $5.7B | $4.78B | $5.59B | $5.08B | $3.46B | $3.82B | |
| Inventory | $3.35B | $3.93B | $4.44B | $4.27B | $4.06B | $4.38B | $4.48B | $4.67B | $4.61B | $5.96B | |
| Other current assets | $9.49B | $4.23B | $595M | $452M | $387M | $1.3B | $656M | $5.87B | $416M | $991M | |
| Current assets | $22.6B | $19B | $15.3B | $17B | $24.4B | $22.4B | $15.5B | $18.6B | $13.5B | $18.4B | |
| Property, plant & equipment (net) | $55.4B | $66.9B | $48.4B | $46.6B | $41.1B | $41.9B | $44.9B | $48.2B | $40B | $43.8B | |
| Long-term investments | $3.7B | $3.23B | $4.21B | $3.52B | $2.79B | $1.76B | $1.81B | $3.2B | $4.61B | $5.91B | |
| Goodwill | $3.08B | $4.11B | $3.65B | $3.63B | $3.3B | $3.21B | $3.19B | $3.25B | $3.04B | $1.3B | |
| Intangible assets | $3.79B | $4.38B | $4.31B | $4.87B | $6B | $5.8B | $7.05B | $8.37B | $7.49B | $7.69B | |
| Deferred tax assets | $7.34B | $6.64B | $6.91B | $9.22B | $10.3B | $11.4B | $10.8B | $9.53B | $50M | $6.34B | |
| Other non-current assets | $3.12B | -$5.07B | $5.43B | $6.86B | $4.04B | $2.94B | $3.62B | $2.63B | $11.5B | $3.47B | |
| Non-current assets | $76.4B | $80.2B | $72.9B | $74.7B | $67.6B | $67.1B | $71.4B | $75.2B | $66.7B | $68.5B | |
| Total assets | $99B | $99.2B | $88.2B | $91.7B | $92B | $89.4B | $86.9B | $93.9B | $80.3B | $86.9B | |
| Liabilities | |||||||||||
| Accounts payable | $3.63B | $4.04B | $3.51B | $4.11B | $3.37B | $3.48B | $4.46B | $5.27B | $4.23B | $5.59B | |
| Accrued expenses | $725M | $1.1B | $1.05B | $1.57B | $0 | $916M | $0 | $0 | $1.27B | $1.14B | |
| Short-term debt | $2.33B | $1.7B | $2.14B | $2.42B | $1.63B | $1.03B | $307M | $824M | $1.02B | $681M | |
| Taxes payable | $657M | $697M | $650M | $943M | $1.29B | $2.5B | $841M | $1.74B | $927M | $0 | |
| Deferred revenue | $2.87B | $4.21B | $650M | $330M | $853M | $1.68B | $416M | $591M | $1.25M | $0 | |
| Other current liabilities | $2.78B | $3.81B | $1.27B | $2.17B | $5.11B | $3.64B | $4.39B | $5.14B | $6.43B | $4.75B | |
| Current liabilities | $11.2B | $13.1B | $9.11B | $13.8B | $14.6B | $15.2B | $13.9B | $14.6B | $13.1B | $15.9B | |
| Long-term debt | $28.6B | $20.8B | $16.8B | $16.9B | $18.2B | $14.6B | $13.6B | $14.5B | $16B | $18.2B | |
| Lease obligations (non-current) | $0 | $0 | $0 | $1.57B | $1.42B | $1.43B | $1.35B | $1.26B | $567M | $510M | |
| Deferred revenue (non-current) | $2.09B | $1.85B | $1.6B | $0 | $2.1B | $1.44B | $2.55B | $3.28B | $1.89B | $0 | |
| Deferred tax liabilities | $1.7B | $1.72B | $1.53B | $1.88B | $1.77B | $1.88B | $1.41B | $867M | $445M | $107M | |
| Other non-current liabilities | $14.4B | $16.9B | $14.3B | $18.5B | $19.1B | $19.6B | $16.7B | $18.5B | $13.7B | $17.7B | |
| Non-current liabilities | $46.8B | $41.3B | $34.2B | $38.9B | $42.6B | $38.9B | $35.6B | $38.4B | $32.5B | $36.5B | |
| Total liabilities | $58B | $54.4B | $43.4B | $52.7B | $57.2B | $54.1B | $49.5B | $53B | $45.7B | $52.4B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $61.6B | $61.6B | $61.6B | $61.6B | $61.6B | $13.9B | $61.6B | $15.9B | $12.5B | $14.1B | |
| Retained earnings | -$23.1B | $0 | $0 | $0 | $0 | $15.7B | $0 | $13B | $18.6B | $1.1B | |
| Accumulated other comprehensive income | -$20.2B | -$15.6B | -$14B | -$19.1B | -$23.4B | $10.2B | -$20.8B | $14B | $5.56B | $22B | |
| Shareholders' equity | $39B | $44.8B | $44B | $40.1B | $35.7B | $34.5B | $35.9B | $39.3B | $33.4B | $33.6B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $30.9B | $22.5B | $19B | $21.2B | $21.5B | $17.2B | $15.4B | $16.8B | $17.7B | $19.4B | |
| Net debt (debt - cash) | $26.6B | $18.2B | $13.2B | $13.8B | $8.01B | $5.48B | $10.7B | $13.2B | $12.8B | $12B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics and estimates: Financial Modeling Prep.
Data as of 2026-11-02