The AES Corporation (AES) - Total Assets
Based on the latest financial reports, The AES Corporation (AES) holds total assets worth $52.82 Billion USD as of March 2026. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Explore debt repayment capacity of The AES Corporation to assess how comfortably operating cash covers total debt obligations.
The AES Corporation - Total Assets Trend (1994–2025)
This chart illustrates how The AES Corporation's total assets have evolved over time, based on quarterly financial data. See The AES Corporation book value and equity for net asset value and shareholders' equity analysis.
The AES Corporation - Asset Composition Analysis
Current Asset Composition (December 2025)
The AES Corporation's total assets of $52.82 Billion consist of 12.6% current assets and 87.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $1.38 Billion | 4.0% |
| Accounts Receivable | $1.75 Billion | 3.4% |
| Inventory | $612.00 Million | 1.2% |
| Property, Plant & Equipment | $38.19 Billion | 73.8% |
| Intangible Assets | $2.04 Billion | 3.9% |
| Goodwill | $342.00 Million | 0.7% |
Asset Composition Trend (1994–2025)
This chart illustrates how The AES Corporation's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see market value of The AES Corporation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: The AES Corporation's current assets represent 12.6% of total assets in 2025, a decrease from 22.8% in 1994.
- Cash Position: Cash and equivalents constituted 4.0% of total assets in 2025, down from 13.3% in 1994.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 3.0% of total assets, an increase from 0.0% in 1994.
- Asset Diversification: The largest asset category is property, plant & equipment at 73.8% of total assets.
The AES Corporation Competitors by Total Assets
Key competitors of The AES Corporation based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shenergy Co Ltd
SHG:600642
|
China | CN¥112.19 Billion |
|
Shenyang Jinshan Energy Co Ltd
SHG:600396
|
China | CN¥14.03 Billion |
|
Sichuan Mingxing Electric Power Co Ltd
SHG:600101
|
China | CN¥4.27 Billion |
|
Origin Energy Ltd
AU:ORG
|
Australia | AU$20.10 Billion |
|
TPC Consolidated Ltd
AU:TPC
|
Australia | AU$67.62 Million |
|
EVN AG
VI:EVN
|
Austria | €11.23 Billion |
|
Burgenland Holding Aktiengesellschaft
VI:BHD
|
Austria | €82.56 Million |
|
Eneva S.A
SA:ENEV3
|
Brazil | R$58.67 Billion |
The AES Corporation - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.73 | 0.84 | 1.28 |
| Quick Ratio | 0.65 | 0.78 | 1.17 |
| Cash Ratio | 0.00 | 0.19 | 0.28 |
| Working Capital | $-2.26 Billion | $-1.47 Billion | $1.19 Billion |
The AES Corporation - Advanced Valuation Insights
This section examines the relationship between The AES Corporation's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.31 |
| Latest Market Cap to Assets Ratio | 0.20 |
| Asset Growth Rate (YoY) | 9.2% |
| Total Assets | $51.77 Billion |
| Market Capitalization | $10.23 Billion USD |
Valuation Analysis
Below Book Valuation: The market values The AES Corporation's assets below their book value (0.20x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: The AES Corporation's assets grew by 9.2% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for The AES Corporation (1994–2025)
The table below shows the annual total assets of The AES Corporation from 1994 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $51.77 Billion | +9.20% |
| 2024-12-31 | $47.41 Billion | +5.82% |
| 2023-12-31 | $44.80 Billion | +16.78% |
| 2022-12-31 | $38.36 Billion | +16.38% |
| 2021-12-31 | $32.96 Billion | -4.74% |
| 2020-12-31 | $34.60 Billion | +2.84% |
| 2019-12-31 | $33.65 Billion | +3.47% |
| 2018-12-31 | $32.52 Billion | -1.78% |
| 2017-12-31 | $33.11 Billion | -8.33% |
| 2016-12-31 | $36.12 Billion | -1.98% |
| 2015-12-31 | $36.85 Billion | -5.43% |
| 2014-12-31 | $38.97 Billion | -3.58% |
| 2013-12-31 | $40.41 Billion | -3.39% |
| 2012-12-31 | $41.83 Billion | -7.73% |
| 2011-12-31 | $45.33 Billion | +11.90% |
| 2010-12-31 | $40.51 Billion | +2.47% |
| 2009-12-31 | $39.53 Billion | +13.59% |
| 2008-12-31 | $34.81 Billion | +1.02% |
| 2007-12-31 | $34.45 Billion | +10.56% |
| 2006-12-31 | $31.16 Billion | +5.88% |
| 2005-12-31 | $29.43 Billion | -1.01% |
| 2004-12-31 | $29.73 Billion | -0.58% |
| 2003-12-31 | $29.90 Billion | -11.46% |
| 2002-12-31 | $33.78 Billion | -8.06% |
| 2001-12-31 | $36.74 Billion | +18.38% |
| 2000-12-31 | $31.03 Billion | +48.63% |
| 1999-12-31 | $20.88 Billion | +93.67% |
| 1998-12-31 | $10.78 Billion | +21.01% |
| 1997-12-31 | $8.91 Billion | +145.97% |
| 1996-12-31 | $3.62 Billion | +56.12% |
| 1995-12-31 | $2.32 Billion | +21.16% |
| 1994-12-31 | $1.91 Billion | -- |
About The AES Corporation
The AES Corporation, together with its subsidiaries, operates as a power generation and utility company. It operates through four segments: Renewables, Utilities, Energy Infrastructure, and New Energy Technologies. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; owns and/or operates utilities to … Read more