GBTG: the balance sheet

MyFinsight

For the quarter ending 2026-03-31, GBTG has $5,079M in assets. $3,415M in debts. $442M in cash and cash equivalents.

Balance Sheets Overview

Current Ratio
117.60%
Quick Ratio
117.60%
Cash Ratio
29.59%
Debt to Asset Ratio
67.24%
Unit: Million (M) dollars
Assets Breakdown
Goodwill
Accounts receivable (net of allo...
Other intangible assets, net
Others
Liabilities Breakdown
Additional paid-in capital
Long-term debt, net of unamortiz...
Accumulated deficit
Others

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	442	434	427	601
Accounts receivable (net of allowance for credit losses of 10 and 9 as of march31, 2026 and december31, 2025, respectively)	1,007	869	930	722
Due from affiliates-Related Party	-	-	54	-
Due from affiliates	54	51	-	59
Prepaid expenses and other current assets	254	215	211	135
Total current assets	1,757	1,569	1,622	1,517
Property and equipment, net	302	308	304	238
Equity method investments	44	43	56	14
Goodwill	1,663	1,671	1,559	1,250
Other intangible assets, net	821	851	758	465
Operating lease right-of-use assets	62	66	68	55
Deferred tax assets	330	298	265	274
Other non-current assets	100	110	128	58
Total assets	5,079	4,916	4,760	3,871

Accounts payable	603	515	556	353
Due to affiliates-Related Party	-	-	30	-
Due to affiliates	23	25	-	16
Accrued expenses and other current liabilities	781	757	691	512
Current portion of operating lease liabilities	25	26	22	15
Current portion of long-term debt	62	58	23	19
Total current liabilities	1,494	1,381	1,322	915
Long-term debt, net of unamortized debt discount and debt issuance costs	1,455	1,360	1,366	1,362
Deferred tax liabilities	106	99	62	37
Pension liabilities	154	163	181	163
Long-term operating lease liabilities	64	62	64	58
Earnout derivative liabilities	6	37	53	27
Other non-current liabilities	136	153	178	102
Total liabilities	3,415	3,255	3,226	2,664
Redeemable non-controlling interest	50	49	-	-
Treasury shares, at cost (12,275,150 and 8,000,000 shares as of september30, 2025 and december31, 2024, respectively)	-	-	89	56
Additional paid-in capital	3,273	3,277	3,260	2,829
Accumulated deficit	-1,414	-1,466	-1,549	-1,487
Accumulated other comprehensive loss	-84	-75	-93	-86
Treasury shares, at cost (23,169,857 and 17,253,780 shares as of march31, 2026 and december31, 2025, respectively)	166	128	-	-
Total equity of the companys shareholders	1,609	1,608	1,529	1,200
Equity attributable to non-controlling interest in subsidiaries	5	4	5	7
Total shareholders equity	1,614	1,612	1,534	1,207
Total liabilities, redeemable non-controlling interest and and shareholders equity	5,079	4,916	4,760	3,871

Unit: Million (M) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

MyFinsight

Balance Sheets Overview

Time Plot

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Balance Sheets

Balance Sheets Overview

Time Plot

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Balance Sheets