Linde Plc Liquidation Value
Cash & Equivalents
Key Metrics
Cash Liquidation Value
- Finance Lease Liability: not reported in this period (annual-only)
- Operating Lease Liability: not reported in this period (annual-only)
Liquid Liquidation Value
- Finance Lease Liability: not reported in this period (annual-only)
- Operating Lease Liability: not reported in this period (annual-only)
Operating Liquidation Value
- Finance Lease Liability: not reported in this period (annual-only)
- Operating Lease Liability: not reported in this period (annual-only)
Build your own liquidation scenario
Adjust asset discounts and liability assumptions to see how assumptions affect the numbers.
Liquidation Ladder
| Metric | Total | Per Share |
|---|---|---|
| Cash Liquidation Value | $-31.29B | $-67.43 |
| Liquid Liquidation Value | $-25.97B | $-55.96 |
| Operating Liquidation Value | $-23.89B | $-51.48 |
Key Components (as of 2026-03-31)
| Cash & Equivalents | $3.96B |
| Accounts Receivable | $5.32B |
| Inventory | $2.08B |
| Current Liabilities | $15.39B |
| Long-term Debt (?) | $19.86B |
| Op. Lease Liability (?) | N/A |
| Finance Lease (?) | N/A |
| Shares Outstanding | 464.1M |
Explore all 135 XBRL tags and build your own scenario → Open Calculator
Historical
| Period | Cash | AR | Inventory | AP | Curr Liab | LT Debt | Op Lease | Fin Lease |
|---|---|---|---|---|---|---|---|---|
| 2026-03-31 | $3.96B | $5.32B | $2.08B | $2.66B | $15.39B | $19.86B | N/A | N/A |
| 2025-12-31 | $5.06B | $4.97B | $2.06B | $2.81B | $15.20B | $20.68B | $667.00M | $152.00M |
| 2025-09-30 | $4.51B | $5.33B | $2.13B | $2.65B | $16.19B | $18.59B | N/A | N/A |
| 2025-06-30 | $4.79B | $5.23B | $2.12B | $2.59B | $14.71B | $19.70B | N/A | N/A |
| 2025-03-31 | $5.29B | $4.95B | $1.98B | $2.45B | $14.48B | $17.61B | N/A | N/A |
| 2024-12-31 | $4.85B | $4.62B | $1.95B | $2.51B | $14.54B | $15.34B | $606.00M | $150.00M |
| 2024-09-30 | $5.19B | $4.87B | $2.09B | $2.85B | $14.05B | $17.48B | N/A | N/A |
| 2024-06-30 | $4.63B | $5.00B | $2.09B | $2.86B | $13.50B | $16.93B | N/A | N/A |
SEC Filings
| Period | Form | Filed | Link |
|---|---|---|---|
| 2026-03-31 | 10-Q | 2026-05-01 | View |
| 2025-12-31 | 10-K | 2026-02-25 | View |
| 2025-09-30 | 10-Q | 2025-10-31 | View |
| 2025-06-30 | 10-Q | 2025-08-01 | View |
| 2025-03-31 | 10-Q | 2025-05-01 | View |
| 2024-12-31 | 10-K | 2025-02-26 | View |
| 2024-09-30 | 10-Q | 2024-10-31 | View |
| 2024-06-30 | 10-Q | 2024-08-02 | View |
AI Insights
Linde plc (LIN) as of March 31, 2026 presents a deeply negative liquidation posture, consistent with its capital-intensive, acquisition-heavy industrial gas business structure. MFFAIS reports a cash liquidation value of approximately -$31.3B and an operating liquidation value of approximately -$23.9B, reflecting the structural gap between haircut asset recoveries and face-value liabilities.
On the asset side, the dominant recovery items are: cash at $4.0B (100% recovery); net AR at $5.3B with gross AR of $5.4B against a $599M allowance, yielding approximately $5.0-5.1B at a 90-95% haircut; inventory at $2.1B with recovery value in the range of $1.2-1.4B at 60%; and PP&E at $28.6B (net book value) yielding roughly $14.3-20.0B at 50-70% recovery. The two largest balance sheet items that contribute zero liquidation value under the lens are goodwill at $27.9B and other intangibles (net) at $11.7B — together $39.6B that fully vaporizes in a wind-down. These two items alone structurally destroy any prospect of positive equity recovery.
On the liability side, total debt (long- and short-term combined) stands at $26.3B, including $4.5B commercial paper and $19.9B long-term debt. Total current liabilities are $15.4B and total liabilities are $46.2B, all standing at face value in liquidation. Contract liabilities (deferred revenue) of $2.5B and other noncurrent liabilities of $11.0B add further non-extinguishable claims. Pension obligations are not separately disclosed in this filing's balance sheet tags but net pension contributions running at $25-35M annually indicate funded status is manageable; accumulated OCI pension component is -$118M.
The guarantor structure (Linde plc, Linde Inc., Linde GmbH, Linde Finance B.V.) involves cross-guarantees on debt obligations and intercompany balances of $49.9B long-term due to non-guarantor subsidiaries within the guarantor group, which flags structural subordination risk in any liquidation scenario.
No prior filing was provided for QoQ comparison. Period is Q1 2026 (ended March 31, 2026), filed May 1, 2026.
▼ Community Notes