Stock Analysis on Net

Starbucks Corp. (NASDAQ:SBUX)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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Starbucks Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

Microsoft Excel
Mar 29, 2026 Dec 28, 2025 Sep 28, 2025 Jun 29, 2025 Mar 30, 2025 Dec 29, 2024 Sep 29, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Oct 1, 2023 Jul 2, 2023 Apr 2, 2023 Jan 1, 2023 Oct 2, 2022 Jul 3, 2022 Apr 3, 2022 Jan 2, 2022 Oct 3, 2021 Jun 27, 2021 Mar 28, 2021 Dec 27, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 29, 2019
Accounts payable
Accrued liabilities
Accrued payroll and benefits
Current portion of operating lease liability
Stored value card liability and current portion of deferred revenue
Short-term debt
Current portion of long-term debt
Liabilities held for sale
Current liabilities
Long-term debt, excluding current portion
Operating lease liability, excluding current portion
Deferred revenue
Other long-term liabilities
Long-term liabilities
Total liabilities
Common stock; $0.001 par value
Additional paid-in capital
Retained deficit
Accumulated other comprehensive income (loss)
Shareholders’ deficit
Noncontrolling interests
Total deficit
Total liabilities and deficit

Based on: 10-Q (reporting date: 2026-03-29), 10-Q (reporting date: 2025-12-28), 10-K (reporting date: 2025-09-28), 10-Q (reporting date: 2025-06-29), 10-Q (reporting date: 2025-03-30), 10-Q (reporting date: 2024-12-29), 10-K (reporting date: 2024-09-29), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-K (reporting date: 2023-10-01), 10-Q (reporting date: 2023-07-02), 10-Q (reporting date: 2023-04-02), 10-Q (reporting date: 2023-01-01), 10-K (reporting date: 2022-10-02), 10-Q (reporting date: 2022-07-03), 10-Q (reporting date: 2022-04-03), 10-Q (reporting date: 2022-01-02), 10-K (reporting date: 2021-10-03), 10-Q (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-Q (reporting date: 2020-12-27), 10-K (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-Q (reporting date: 2019-12-29).


The analysis of the balance sheet reveals a sustained increase in total liabilities over the observed period, coupled with a persistent and deepening shareholders' deficit. Total liabilities rose from 34.49 billion US dollars in December 2019 to 39.01 billion US dollars by March 2026, peaking at 41.32 billion US dollars in June 2024. This expansion is driven primarily by increases in current liabilities and long-term debt obligations.

Current Liabilities Trends
Current liabilities demonstrated a general upward trajectory, increasing from 8.67 billion US dollars in December 2019 to 11.44 billion US dollars by March 2026. A significant driver of this growth is accounts payable, which grew from 1.08 billion US dollars to 1.67 billion US dollars over the same period. Stored value card liabilities and deferred revenue remained volatile, reflecting fluctuations in customer deposits and prepaid services, while accrued liabilities showed a notable dip during 2020 before stabilizing between 2.0 and 2.3 billion US dollars.
Long-Term Debt and Lease Obligations
Long-term debt, excluding the current portion, exhibited a non-linear increase, rising from 10.65 billion US dollars in December 2019 to a peak of 15.55 billion US dollars in June 2024, before moderating to 13.08 billion US dollars by March 2026. Operating lease liabilities remained relatively stable but showed a gradual increase, moving from 7.71 billion US dollars to 8.00 billion US dollars, indicating a steady commitment to leased store locations. Deferred revenue showed a consistent long-term decline, falling from 6.74 billion US dollars in 2019 to 5.67 billion US dollars in 2026.
Equity and Capital Structure
A persistent shareholders' deficit is evident throughout the entire period, indicating that total liabilities exceed total assets. The total deficit fluctuated but generally widened, moving from -6.75 billion US dollars in December 2019 to -8.45 billion US dollars by March 2026. The retained deficit deepened from -6.41 billion US dollars to -8.88 billion US dollars, suggesting that cumulative distributions or losses have exceeded cumulative earnings. This negative equity position is partially offset by fluctuations in additional paid-in capital and accumulated other comprehensive income, though these were insufficient to return the equity position to a positive value.
Liquidity and Obligation Management
The volatility in short-term debt and the current portion of long-term debt suggests active debt refinancing and maturity management. The current portion of long-term debt saw significant spikes, reaching 2.74 billion US dollars in June 2024, before adjusting to 1.99 billion US dollars in March 2026. The introduction of liabilities held for sale in late 2025, totaling approximately 1.68 billion US dollars, indicates a strategic shift or divestiture of certain assets.