Marsh Balance Sheet
NYSE: MRSHFinanceSpecialty InsurersUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Marsh financial position
At the end of fiscal 2025, Marsh reported total assets of $58.71 billion, up 3.9% from a year earlier against total liabilities of $43.40 billion. Shareholders' equity stood at $15.31 billion, or 26.1% of assets. The company held $2.69 billion in cash and equivalents against $19.59 billion of debt, a net debt position of $16.90 billion.
The current ratio (current assets divided by current liabilities) was 1.10, meaning short-term assets cover obligations due within a year. Debt-to-equity was 1.28.
Summary generated from market data by MetaCap's automated system. Methodology
Marsh balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20192019-09-30 | FY 20182018-12-31 | FY 20182018-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.69B | 2.40B | 3.36B | 1.44B | 1.75B | 2.09B | 1.16B | 1.21B | 1.07B | 951.00M |
| Receivables | 7.67B | 7.16B | 6.42B | 5.85B | 5.59B | 5.33B | 5.24B | 5.20B | 4.32B | 4.48B |
| Total Current Assets | 23.20B | 22.12B | 21.75B | 18.96B | 8.26B | 8.15B | 7.07B | 7.06B | 5.93B | 5.97B |
| Property, Plant & Equipment | 829.00M | 859.00M | 882.00M | 871.00M | 847.00M | 856.00M | 858.00M | 816.00M | 701.00M | 707.00M |
| Goodwill | 24.34B | 23.31B | 17.23B | 16.25B | 16.32B | 15.52B | 14.67B | 14.29B | 9.60B | 9.44B |
| Intangible Assets | 4.75B | 4.82B | 2.63B | 2.54B | 2.81B | 2.70B | 2.77B | 2.87B | 1.44B | 1.33B |
| Total Assets | 58.71B | 56.48B | 48.03B | 44.11B | 44.01B | 33.05B | 31.36B | 31.10B | 21.58B | 21.13B |
| Accounts Payable | 3.65B | 3.40B | 3.40B | 3.28B | 3.17B | 3.05B | 2.75B | 2.48B | 2.23B | 2.29B |
| Short-Term Debt | 1.27B | 519.00M | 1.62B | 268.00M | 17.00M | 517.00M | 1.22B | 1.14B | 314.00M | 638.00M |
| Total Current Liabilities | 21.06B | 19.52B | 19.80B | 17.83B | 6.65B | 6.56B | 6.68B | 6.20B | 4.92B | 4.73B |
| Long-Term Debt | 18.32B | 19.43B | 11.84B | 11.23B | 10.93B | 10.80B | 10.74B | 11.43B | 5.51B | 5.51B |
| Total Liabilities | 43.40B | 42.95B | 35.66B | 33.37B | 23.17B | 23.79B | 23.41B | 23.30B | 13.99B | 13.59B |
| Shareholders' Equity | 15.31B | 13.54B | 12.37B | 10.75B | 11.22B | 9.26B | 7.94B | 7.80B | 7.58B | 7.54B |
| Retained Earnings | 27.77B | 25.31B | 22.76B | 20.30B | 18.39B | 16.27B | 15.20B | 14.81B | 14.35B | 14.20B |
| Total Debt | 19.59B | 19.95B | 13.46B | 11.49B | 10.95B | 11.31B | 11.96B | 12.57B | 5.82B | 6.15B |
| Net Cash (Debt) | -16.90B | -17.55B | -10.11B | -10.05B | -9.20B | -9.22B | -10.80B | -11.36B | -4.76B | -5.20B |
| Shares Outstanding | 485.00M | 491.00M | 492.00M | 495.00M | 504.00M | 508.00M | 504.00M | 505.00M | 504.00M | 504.00M |
This table shows 10 annual periods of Marsh's balance sheet, from FY 2025 back to FY 2018, across 18 line items including cash & equivalents, short-term investments, receivables. Values in USD; B = billions, M = millions. Fiscal periods follow MRSH's reporting calendar. What is a balance sheet?