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Telefonaktiebolaget LM Ericsson (publ) logo
Telefonaktiebolaget LM Ericsson (publ) ERIC
$ 10.43 -2.07%
report update icon

Quarterly report 2025-Q4
added 05-11-2026

Telefonaktiebolaget LM Ericsson (publ) Balance Sheet 2025-2011 | ERIC

Brief balance sheet overview of Telefonaktiebolaget LM Ericsson (publ)

This overview follows the five latest available annual observations between 2012 and 2016.

Assets ended near their starting level at 283.3 billion SEK versus 275 billion SEK. This was preservation of scale rather than expansion.

Assets and liabilities changed at similar rates, +3% and +4.6%. The funding mix did not shift sharply.

Equity represents 47.7% of assets versus initially. The capital structure appears balanced.

Cash exceeds interest-bearing debt, producing net debt of -10.3 billion SEK. The balance sheet therefore carries a net cash position.

Retained earnings are 98.4 billion SEK versus 95.6 billion SEK initially. The direction shows how results contributed to equity.

Conclusion

Telefonaktiebolaget LM Ericsson (publ) has a solid balance sheet cushion. Capital and liquidity support development without excessive reliance on debt.

Annual Balance Sheet Telefonaktiebolaget LM Ericsson (publ)

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Net Debt

-36.4 B -36.4 B -27.7 B -29 B - -19.2 B -14.5 B -7.52 B -5.38 B -10.3 B -15.1 B -16.8 B -12.6 B -16 B -7.66 B

Long Term Debt

5.77 B 5.36 B 5.22 B 6.82 B - 22.2 B 28.3 B 30.9 B 30.5 B 18.7 B 22.7 B 21.9 B 22.1 B 23.9 B 23.3 B

Long Term Debt Current

1.79 B 2.13 B 2.24 B 2.49 B 2.22 B 2.2 B 2.29 B - - - - - - - -

Total Non Current Liabilities

58 B 67.5 B 70.2 B 70.6 B - 72 B 77.7 B 70.1 B 62.8 B 48.1 B 49.9 B 47.4 B 36.2 B 39.1 B 38 B

Total Liabilities

- - - - - - - - - 143 B 137 B 148 B 128 B 137 B 135 B

Deferred Revenue

- - - - - 26.4 B 29 B 29.3 B 27.1 B 19.4 B 16.3 B 21.1 B 15.4 B 16.4 B -

Retained Earnings

65.1 B 42.3 B 50.5 B 85.2 B - - 38.9 B 45.6 B 58.1 B 98.4 B 105 B 103 B 98.9 B 95.6 B 102 B

Total Assets

279 B 292 B 297 B 350 B 306 B 272 B 276 B 269 B 260 B 283 B 284 B 294 B 269 B 275 B 280 B

Cash and Cash Equivalents

43.9 B 43.9 B 35.2 B 38.3 B 54 B 43.6 B 45.1 B 38.4 B 35.9 B 37 B 40.2 B - - - -

Book Value

279 B 292 B 297 B 350 B 306 B 272 B 276 B 269 B 260 B 140 B 147 B 145 B 142 B 138 B 145 B

Total Shareholders Equity

110 B 93 B 97.4 B 133 B - 85.2 B 81.9 B 87.8 B 97.6 B 135 B - - - - -

All numbers in SEK currency

Quarterly Balance Sheet Telefonaktiebolaget LM Ericsson (publ)

2025-Q4 2024-Q4 2023-Q4 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Long Term Debt

5.77 B 5.36 B 5.22 B - - - - 7.08 B - - - 7.1 B - - - 7.6 B - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Total Non Current Liabilities

58 B 67.5 B 70.2 B - - - - 71.6 B - - - 72 B - - - 77.7 B - - - 70.1 B - - - 62.8 B - - - 48.1 B - - - - - - - - - - - - - - - - - - - - - - -

Total Liabilities

- - - - - - - - - - - - - - - - - - - - - - - 1.56 B - - - 1.19 B - - - - - - - - - - - - - - - - - - - - - - -

Retained Earnings

65.1 B 42.3 B 50.5 B - - - - 66.9 B - - - 48 B - - - 38.9 B - - - 44.6 B - - - 55.9 B - - - - - - - - - - - - - - - - - - - - - - - - - - -

Total Assets

279 B 292 B 297 B - - - - 306 B - - - 272 B - - - 276 B - - - 269 B - - - 260 B - - - 284 B - - - - - - - - - - - - - - - - - - - - - - -

Cash and Cash Equivalents

43.9 B 43.9 B 35.2 B - - - - 54 B - - - 43.6 B - - - 45.1 B - - - 38.4 B - - - 35.9 B - - - 37 B - - - 40.2 B - - - 41 B - - - - - - - - - - - - - - -

Book Value

279 B 292 B 297 B - - - - 306 B - - - 272 B - - - 276 B - - - 269 B - - - 258 B - - - 283 B - - - - - - - - - - - - - - - - - - - - - - -

Total Shareholders Equity

110 B 93 B 97.4 B - - - - 107 B - - - 85.2 B - - - 81.9 B - - - 87.8 B - - - 97.6 B - - - 135 B - - - 147 B - - - 145 B - - - - - - - - - - - - - - -

All numbers in SEK currency

Balance Sheet is a fundamental financial report of Telefonaktiebolaget LM Ericsson (publ), providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.

For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.

Features of balance sheet analysis
  • Vertical and horizontal analysis
    Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods.
  • Asset quality
    It is important to evaluate not only the amount of assets but also their liquidity and realizability.
  • Accounting for off-balance sheet liabilities
    Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.

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