Morgan Stanley Balance Sheet
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At close: Oct 9, 4:00 PM ET · Delayed 15 min
Morgan Stanley financial position
At the end of fiscal 2025, Morgan Stanley reported total assets of $1.42 trillion, up 16.9% from a year earlier against total liabilities of $1.31 trillion. Shareholders' equity stood at $111.63 billion, or 7.9% of assets. The company held $111.69 billion in cash and equivalents against $341.68 billion of debt, a net debt position of $229.99 billion.
Debt-to-equity was 3.06.
Summary generated from market data by MetaCap's automated system. Methodology
Morgan Stanley 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 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 111.69B | 105.39B | 89.23B | 128.13B | 127.72B | 105.65B | 82.17B | 87.20B | 80.39B | 77.36B |
| Goodwill | 16.73B | 16.71B | 16.71B | 16.65B | 16.83B | 11.63B | 7.14B | 6.69B | 6.60B | 6.58B |
| Intangible Assets | 6.01B | 6.45B | 7.05B | 7.62B | 8.36B | 4.98B | 2.11B | 2.16B | 2.45B | 2.72B |
| Total Assets | 1.42T | 1.22T | 1.19T | 1.18T | 1.19T | 1.12T | 895.43B | 853.53B | 851.73B | 814.95B |
| Short-Term Debt | — | — | — | — | — | 24.24B | 20.40B | 24.69B | 25.39B | 27.07B |
| Long-Term Debt | 341.68B | 284.31B | 260.54B | 233.87B | 227.36B | 213.39B | 190.06B | 188.12B | 191.06B | 164.78B |
| Total Liabilities | 1.31T | 1.11T | 1.09T | 1.08T | 1.08T | 1.01T | 812.73B | 772.13B | 773.27B | 737.77B |
| Shareholders' Equity | 111.63B | 104.51B | 99.04B | 100.14B | 105.44B | 101.78B | 81.55B | 80.25B | 77.39B | 76.05B |
| Retained Earnings | 115.09B | 104.99B | 98.00B | 94.86B | 89.43B | 78.69B | 70.59B | 64.17B | 57.58B | 53.68B |
| Total Debt | 341.68B | 284.31B | 260.54B | 233.87B | 227.36B | 237.63B | 210.46B | 212.81B | 216.45B | 191.84B |
| Net Cash (Debt) | -229.99B | -178.92B | -171.31B | -105.74B | -99.64B | -131.97B | -128.29B | -125.61B | -136.06B | -114.48B |
| Shares Outstanding | 1.58B | 1.61B | 1.63B | 1.68B | 1.77B | 1.81B | 1.59B | 1.70B | 1.79B | 1.85B |
This table shows 10 annual periods of Morgan Stanley's balance sheet, from FY 2025 back to FY 2016, across 13 line items including cash & equivalents, property, plant & equipment, goodwill. Values in USD; B = billions, M = millions. Fiscal periods follow MS's reporting calendar. What is a balance sheet?