BCE Inc. (BCE) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 7.52B | 7.41B | 7.05B | 7.07B | 7.78B | 8.92B | 8.81B | 8.58B | 7.9B | 7.9B | 6.74B | 6.97B | 7.17B | 6.49B | 6.84B | 6.3B | 5.82B | 6.2B | 7.54B | 6.95B |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | 1.38B | 320M | 465M | 510M | 1.05B | 1.57B | 1.86B | 1.65B | 960M | 772M | 619M | 900M | 741M | 149M | 733M | 596M | 104M | 289M | 2.17B | 1.75B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 400M | 750M | 750M | 700M | 1B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 63.13 | 57 | 61.83 | 60.22 | 60.98 | 57.43 | 61.12 | 59.39 | 57.72 | 53.54 | 57.57 | 75.56 | 76.81 | 54.52 | 78.23 | 71.32 | 68.21 | 52.13 | 53.21 | 51.9 |
| Inventory | 326.84M | 389M | 378M | 453M | 422M | 420M | 382M | 410M | 458M | 465M | 636M | 656M | 673M | 656M | 627M | 565M | 567M | 482M | 418M | 418M |
| Days Inventory Outstanding | 7.45 | 4.33 | 21.66 | 20.82 | 20.05 | 16.13 | 21 | 21.84 | 9.92 | 22.08 | 32.26 | 19.21 | 18.94 | 15.9 | 18.32 | 16.58 | 14.9 | 11.59 | 9.7 | 10.16 |
| Other Current Assets | 437.13M | 1.27B | 1.22B | 1.21B | 1.43B | 1.31B | 1.06B | 1.04B | 1.03B | 957M | 902M | 841M | 1.13B | 864M | 980M | 820M | 835M | 810M | 756M | 719M |
| Total Non-Current Assets | 74.07B | 72.76B | 71.54B | 64.07B | 64.38B | 64.56B | 63.9B | 65.67B | 64.67B | 64.04B | 63.63B | 63.08B | 62.81B | 62.84B | 61.72B | 61.73B | 61.52B | 60.57B | 58.8B | 57.19B |
| Property, Plant & Equipment | 33.21B | 33.54B | 32.76B | 29.52B | 29.78B | 30B | 29.91B | 30.06B | 30.36B | 30.35B | 30.16B | 29.91B | 29.23B | 29.26B | 28.47B | 28.16B | 28.11B | 28.23B | 27.82B | 27.55B |
| Fixed Asset Turnover | 0.19x | 0.19x | 0.19x | 0.21x | 0.20x | 0.21x | 0.20x | 0.20x | 0.20x | 0.21x | 0.20x | 0.15x | 0.15x | 0.22x | 0.15x | 0.16x | 0.17x | 0.22x | 0.21x | 0.21x |
| Goodwill | 13.34B | 13.23B | 14.54B | 10.18B | 10.17B | 10.26B | 10.29B | 11.36B | 11B | 10.94B | 11.02B | 11.02B | 10.83B | 10.91B | 10.7B | 10.72B | 10.72B | 10.57B | 10.58B | 10.58B |
| Intangible Assets | 17.61B | 17.23B | 16.12B | 16.74B | 16.82B | 16.79B | 16.82B | 17.63B | 16.77B | 16.61B | 16.49B | 16.39B | 16.34B | 16.18B | 16.16B | 15.95B | 15.82B | 15.57B | 13.37B | 13.26B |
| Long-Term Investments | 1.72B | 1.59B | 370M | 335M | 337M | 1.22B | 320M | 322M | 322M | 910M | 326M | 322M | 664M | 823M | 615M | 633M | 654M | 851M | 697M | 725M |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 81.59B | 80.17B | 78.58B | 71.13B | 72.16B | 73.48B | 72.72B | 74.25B | 72.57B | 71.94B | 70.37B | 70.05B | 69.97B | 69.33B | 68.56B | 68.03B | 67.33B | 66.76B | 66.34B | 64.13B |
| Asset Turnover | 0.08x | 0.08x | 0.08x | 0.08x | 0.08x | 0.09x | 0.08x | 0.08x | 0.08x | 0.09x | 0.09x | 0.07x | 0.06x | 0.09x | 0.06x | 0.07x | 0.07x | 0.09x | 0.09x | 0.09x |
| Asset Growth % | 13.06% | 9.09% | 8.07% | -4.19% | -0.56% | 2.15% | 3.33% | 5.99% | 3.7% | 3.77% | 2.64% | 2.97% | 3.92% | 3.84% | 3.35% | 6.08% | 4.8% | 40.21% | 43.79% | 42.74% |
| Total Current Liabilities | 11.4B | 12.86B | 12.18B | 11.57B | 12.12B | 14.85B | 14.13B | 13.12B | 13.01B | 12.11B | 11.77B | 12.59B | 12.66B | 11.47B | 11.41B | 9.75B | 8.97B | 9.11B | 8B | 8.35B |
| Accounts Payable | 4.13B | 2.82B | 4.18B | 4.29B | 4.13B | 2.96B | 4.1B | 4.34B | 4.34B | 3.31B | 4.35B | 4.35B | 4.08B | 3.6B | 4.6B | 4.25B | 3.84B | 2.93B | 4.13B | 3.9B |
| Days Payables Outstanding | 72.24 | 39.52 | 220.64 | 200.42 | 168.93 | 142 | 223.8 | 218.62 | 82.24 | 153.64 | 217.29 | 121.8 | 109.47 | 101.67 | 135.98 | 118.47 | 96.17 | 90.97 | 93.22 | 88.35 |
| Short-Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 715.85M | 727M | 7M | 500M | 525M | 3.42B | 529M | 35M | 15M | 660M | 0 | 0 | 109M | 904M | 0 | 0 | 0 | 906M | 0 | 0 |
| Current Ratio | 0.66x | 0.58x | 0.58x | 0.61x | 0.64x | 0.60x | 0.62x | 0.65x | 0.61x | 0.65x | 0.57x | 0.55x | 0.57x | 0.57x | 0.60x | 0.65x | 0.65x | 0.68x | 0.94x | 0.83x |
| Quick Ratio | 0.63x | 0.55x | 0.55x | 0.57x | 0.61x | 0.57x | 0.60x | 0.62x | 0.57x | 0.61x | 0.52x | 0.50x | 0.51x | 0.51x | 0.54x | 0.59x | 0.59x | 0.63x | 0.89x | 0.78x |
| Cash Conversion Cycle | -1.66 | 21.8 | -137.16 | -119.38 | -87.9 | -68.44 | -141.68 | -137.38 | -14.61 | -78.02 | -127.46 | -27.03 | -13.71 | -31.24 | -39.44 | -30.58 | -13.06 | -27.25 | -30.31 | -26.29 |
| Total Non-Current Liabilities | 46.48B | 44B | 43.65B | 41.18B | 42.42B | 41.28B | 40.61B | 41.12B | 39.19B | 39.28B | 37.3B | 36.01B | 35.05B | 35.34B | 34.17B | 34.52B | 34.58B | 34.71B | 34.82B | 33.01B |
| Long-Term Debt | 37.54B | 34.9B | 35.16B | 32.52B | 33.87B | 32.84B | 32.61B | 32.92B | 31.28B | 31.14B | 29.53B | 28.31B | 27.46B | 27.78B | 26.77B | 27.01B | 26.88B | 27.05B | 27.07B | 25.42B |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 57.87B | 56.85B | 55.83B | 52.76B | 54.54B | 56.13B | 54.73B | 54.24B | 52.2B | 51.38B | 49.06B | 48.6B | 47.71B | 46.81B | 45.58B | 44.27B | 43.55B | 43.82B | 42.83B | 41.36B |
| Total Debt | 43.07B | 41.06B | 40.98B | 37.56B | 39.19B | 38.31B | 40.08B | 39.51B | 37.67B | 36.18B | 34.7B | 34.35B | 33.8B | 31.92B | 31.45B | 30.32B | 29.96B | 29.67B | 29.06B | 27.73B |
| Net Debt | 41.69B | 40.74B | 40.51B | 37.05B | 38.14B | 36.74B | 38.22B | 37.86B | 36.71B | 35.41B | 34.08B | 33.45B | 33.06B | 31.77B | 30.72B | 29.72B | 29.86B | 29.38B | 26.9B | 25.97B |
| Debt / Equity | 1.82x | 1.76x | 1.80x | 2.04x | 2.22x | 2.21x | 2.23x | 1.97x | 1.85x | 1.76x | 1.63x | 1.60x | 1.52x | 1.42x | 1.37x | 1.28x | 1.26x | 1.29x | 1.24x | 1.22x |
| Debt / EBITDA | 16.33x | 5.15x | 14.84x | 14.05x | 15.32x | 14.71x | 14.72x | 14.65x | 14.69x | 14.09x | 13.52x | 17.22x | 18.01x | 8.76x | 16.82x | 15.07x | 14.51x | 8.37x | 11.36x | 11.20x |
| Net Debt / EBITDA | 15.81x | 5.11x | 14.67x | 13.86x | 14.91x | 14.10x | 14.04x | 14.04x | 14.31x | 13.79x | 13.28x | 16.77x | 17.62x | 8.72x | 16.43x | 14.78x | 14.46x | 8.29x | 10.51x | 10.49x |
| Interest Coverage | 2.87x | 5.63x | 12.05x | 3.00x | 3.22x | 2.55x | -1.64x | 2.91x | 2.52x | 2.58x | 3.47x | 2.86x | 2.89x | 3.85x | 3.03x | 3.31x | 4.59x | 4.41x | 5.00x | 4.53x |
| Total Equity | 23.71B | 23.31B | 22.76B | 18.38B | 17.62B | 17.36B | 17.98B | 20.01B | 20.37B | 20.56B | 21.31B | 21.45B | 22.27B | 22.52B | 22.98B | 23.77B | 23.79B | 22.94B | 23.51B | 22.77B |
| Equity Growth % | 34.59% | 34.27% | 26.57% | -8.16% | -13.51% | -15.55% | -15.61% | -6.71% | -8.51% | -8.7% | -7.28% | -9.75% | -6.38% | -1.86% | -2.25% | 4.37% | 6.34% | 37.03% | 48.97% | 46.72% |
| Book Value per Share | 25.43 | 25.10 | 24.41 | 19.74 | 19.14 | 19.03 | 19.71 | 21.93 | 22.33 | 22.53 | 23.36 | 23.51 | 24.41 | 24.68 | 25.19 | 26.06 | 26.11 | 25.22 | 25.90 | 25.15 |
| Total Shareholders' Equity | 23.42B | 23.02B | 22.46B | 18.07B | 17.33B | 17.07B | 17.68B | 19.69B | 20.05B | 20.23B | 20.97B | 21.12B | 21.93B | 22.18B | 22.64B | 23.44B | 23.47B | 22.64B | 23.16B | 22.43B |
| Common Stock | 21.55B | 21.49B | 21.49B | 21.49B | 21.17B | 20.86B | 20.86B | 20.86B | 20.86B | 20.86B | 20.86B | 20.86B | 20.85B | 20.84B | 20.84B | 20.84B | 20.83B | 20.66B | 20.65B | 20.47B |
| Retained Earnings | -2.58B | -3.64B | -4.06B | -8.38B | -8.64B | -8.44B | -8.03B | -5.97B | -5.71B | -5.51B | -4.72B | -4.62B | -3.93B | -3.65B | -3.25B | -2.71B | -2.74B | -3.4B | -2.96B | -3.4B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -109.28M | 573M | 370M | 240M | 45M | -159M | 17M | -15M | 46M | -42M | -145M | -105M | 3M | -55M | 10M | 273M | 355M | 213M | 320M | 204M |
| Minority Interest | 293.76M | 290M | 300M | 310M | 286M | 289M | 303M | 317M | 323M | 328M | 337M | 328M | 333M | 337M | 340M | 328M | 318M | 306M | 351M | 340M |