MarketCap
Facebook
X
Telegram
Gerdau S.A. Balance Sheet 2025-2011 | GGB
Brief overview of Gerdau S.A.'s assets and capital
The review uses the five latest available annual reports between 2020 and 2025.
Over the period, assets gained +29.4%, moving from 63.1 billion BRL to 81.7 billion BRL. CAGR near 5.3% shows consistent growth.
Liabilities grew more slowly than assets: -12.9% versus +29.4%. Expansion relied more on equity, improving funding quality.
Internal capital represents 65.9% of the balance sheet, previously 49.2%. This is a strong capital position.
The balance sheet holds more cash than interest-bearing debt; net debt is -4.5 billion BRL, indicating minimal leverage.
The cash share moved from 7.3% to 7.3%. A higher figure generally provides more room in an adverse scenario.
By the end of the period, accumulated earnings were 23.1 billion BRL; the change from the start was +216.1%.
Overall picture
Gerdau S.A. shows a high-quality balance sheet profile, with adequate internal capital and room for maneuver.
Annual Balance Sheet Gerdau S.A.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-4.54 B | -6.49 B | -1.73 B | -1.45 B | - | 12.9 B | 13.4 B | 12 B | 14 B | 15.5 B | 20.8 B | 16.5 B | 14.6 B | 13.2 B | 12.2 B |
Long Term Debt |
1 B | 850 M | 904 M | 755 M | - | 16.1 B | 14.5 B | 13.1 B | 14.5 B | 16.1 B | 24.1 B | 17.5 B | 14.9 B | 12.1 B | 11.9 B |
Long Term Debt Current |
386 M | 431 M | 373 M | 276 M | - | 232 M | 203 M | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
18 B | 17.8 B | 14.4 B | 14 B | - | - | 19.4 B | 16.8 B | 18.7 B | 21.7 B | 30.3 B | 22 B | 19 B | 16.5 B | 16.7 B |
Total Liabilities |
27.9 B | 28.6 B | 25.6 B | 27.5 B | - | 32 B | 26.8 B | 25.3 B | 26.4 B | 30.4 B | 38.1 B | 29.8 B | 26.2 B | 24.3 B | 23.5 B |
Deferred Revenue |
- | - | - | - | - | 3.79 B | - | - | - | - | - | - | - | - | - |
Retained Earnings |
23.1 B | 24.2 B | 25.9 B | 22.2 B | - | 7.29 B | 5.64 B | 4.81 B | 3.32 B | 3.76 B | 6.91 B | 11.4 B | 10.5 B | 9.18 B | 6.24 B |
Total Assets |
81.7 B | 86.8 B | 74.9 B | 73.8 B | - | 63.1 B | 54 B | 51.3 B | 50.3 B | 54.6 B | 70.1 B | 63 B | 58.2 B | 53.1 B | 50 B |
Cash and Cash Equivalents |
5.93 B | 7.77 B | 3.01 B | 2.48 B | - | 4.62 B | 2.64 B | 2.89 B | 2.56 B | 5.06 B | 5.65 B | - | - | - | - |
Book Value |
53.8 B | 58.2 B | 49.2 B | 46.3 B | - | 31.1 B | 27.2 B | 25.9 B | 23.9 B | 24.3 B | 32 B | 33.3 B | 32 B | 28.8 B | 26.5 B |
Total Shareholders Equity |
53.8 B | 58.2 B | 49.2 B | 46.3 B | - | 31.1 B | 27.2 B | 25.9 B | 23.9 B | 24.3 B | 32 B | - | - | - | - |
All numbers in BRL currency
Quarterly Balance Sheet Gerdau S.A.
| 2025-Q4 | 2024-Q4 | 2024-Q2 | 2023-Q4 | 2023-Q1 | 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 |
1 B | 850 M | - | 904 M | - | - | - | - | - | 643 M | - | - | - | 625 M | - | - | - | 602 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
18 B | 17.8 B | - | 14.4 B | - | - | - | - | - | 17 B | - | - | - | 20.6 B | - | - | - | 19.4 B | - | - | - | 16.8 B | - | - | - | 18.7 B | - | - | - | 21.7 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
27.9 B | 28.6 B | - | 25.6 B | - | - | - | - | - | 31 B | - | - | - | 32 B | - | - | - | 26.8 B | - | - | - | 25.3 B | - | - | - | 26.4 B | - | - | - | 30.4 B | - | - | - | 38.1 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
23.1 B | 24.2 B | - | 25.9 B | - | - | - | - | - | 17.8 B | - | - | - | 7.29 B | - | - | - | 5.64 B | - | - | - | 4.81 B | - | - | - | 3.32 B | - | - | - | 3.76 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
81.7 B | 86.8 B | - | 74.9 B | - | - | - | - | - | 73.8 B | - | - | - | 63.1 B | - | - | - | 54 B | - | - | - | 51.3 B | - | - | - | 50.3 B | - | - | - | 54.6 B | - | - | - | 70.1 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
5.93 B | 7.77 B | - | 3.01 B | - | - | - | - | - | 4.16 B | - | - | - | 4.62 B | - | - | - | 2.64 B | - | - | - | 2.89 B | - | - | - | 2.56 B | - | - | - | 5.06 B | - | - | - | 5.65 B | - | - | - | 3.05 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
53.8 B | 58.2 B | - | 49.2 B | - | - | - | - | - | 42.8 B | - | - | - | 31.1 B | - | - | - | 27.2 B | - | - | - | 25.9 B | - | - | - | 23.9 B | - | - | - | 24.3 B | - | - | - | 32 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
53.8 B | 58.2 B | 24.3 B | 49.2 B | 20.2 B | - | - | - | - | 42.8 B | - | - | - | 31.1 B | - | - | - | 27.2 B | - | - | - | 25.9 B | - | - | - | 23.9 B | - | - | - | 24.3 B | - | - | - | 32 B | - | - | - | 33.3 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in BRL currency
Balance Sheet is a fundamental financial report of Gerdau S.A., 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.
USA
China
Russia
South-korea
Luxembourg
Mexico
Brasil
