Every figure is the balance as filed. Each filing badge opens the SEC index page for that fiscal year.
Structure
Capital structure
Assets plotted against the liabilities and equity stack, so you can see how the balance sheet is financed.
Liabilities and equity stack to the capital base; assets are the dashed reference line.
Composition
Capital mix
The same split read as a share of total capital rather than in absolute dollars.
Percentages are measured against total capital for each fiscal year.
Trend
Multi-year momentum
How assets, liabilities and equity have moved across the annual balance sheet window.
Switching between bar and line keeps the selected year order.
Doing some research...
Commentary
Commentary on BHP GROUP LIMITED Balance Sheet
This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.
Earlier AI snapshot · Generated May 21, 2026. The filing-backed figures above are the current source of truth.
BHP Group’s balance sheet remained very large and broadly stable over the five-year period, with total assets ranging from about $95.2 billion to $108.9 billion. Assets dipped in 2022 to $95.2 billion from $108.9 billion in 2021, then recovered steadily to $108.8 billion by 2025. This suggests the company maintained a strong asset base through the cycle, with recent years showing renewed expansion after the 2022 trough. For a diversified mining major, that pattern is consistent with capital-intensive operations and asset values that can move with commodity cycles, investment spending, and impairment/revaluation effects.
Total liabilities also moved within a relatively contained range, falling from $53.3 billion in 2021 to $46.4 billion in 2022 before rising again to $56.6 billion in 2025. The 2022 decline in liabilities alongside lower assets indicates some balance-sheet tightening, while the subsequent increase suggests renewed funding needs or higher working-capital/long-term obligations as activity normalized. Based on the figures provided, stockholders’ equity is shown as zero each year, which is not economically plausible given the reported assets and liabilities; in practice, equity would be the residual difference between assets and liabilities and appears to be missing or misclassified in the dataset. Using the reported totals, implied equity would remain substantial across the period, reflecting a generally solid financial position.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.
