Ballard Power Systems Inc. (BLDP) 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 | 583.88M | 600.34M | 623.45M | 647.32M | 675.12M | 698.88M | 742.47M | 788.84M | 825.99M | 860.32M | 903.76M | 937.73M | 983.89M | 1.03B | 1.06B | 1.12B | 1.18B | 1.23B | 1.32B | 1.35B |
| Cash & Short-Term Investments | 520.86M | 530.29M | 527.85M | 552.14M | 578.8M | 606.05M | 637.22M | 680.04M | 722.03M | 749.39M | 779.25M | 815.65M | 866.36M | 915.74M | 950.62M | 1.01B | 1.07B | 1.13B | 1.22B | 1.25B |
| Cash Only | 516.77M | 526.09M | 525.74M | 550.03M | 576.7M | 603.95M | 635.11M | 677.93M | 719.92M | 747.29M | 777.25M | 813.64M | 864.35M | 913.73M | 948.63M | 1B | 1.07B | 1.12B | 1.22B | 1.24B |
| Short-Term Investments | 4.09M | 4.19M | 2.11M | 2.11M | 2.1M | 2.1M | 2.11M | 2.11M | 2.11M | 2.1M | 2M | 2.01M | 2.01M | 2.01M | 1.99M | 2.01M | 2M | 3M | 3.2M | 3.83M |
| Accounts Receivable | 16.68M | 24.16M | 32.43M | 23.42M | 28.12M | 31.98M | 30.71M | 39.33M | 41.48M | 58.27M | 44.44M | 38.54M | 43.34M | 38.59M | 49.18M | 49.29M | 47.08M | 46.33M | 43.23M | 55.87M |
| Days Sales Outstanding | 94.61 | 77.39 | 79.05 | 131.43 | 175.75 | 117.61 | 218.32 | 229.76 | 314.04 | 99.64 | 141.07 | 243.28 | 278.41 | 197.31 | 212.24 | 209.47 | 199.71 | 112.25 | 180.75 | 197.52 |
| Inventory | 43.8M | 43.69M | 59.87M | 68.87M | 65.12M | 56.42M | 67.17M | 62.03M | 55.78M | 45.64M | 70.06M | 73.24M | 64.45M | 58.05M | 58.22M | 59.06M | 57.42M | 51.45M | 50.39M | 38.82M |
| Days Inventory Outstanding | 236.34 | 169.92 | 215.05 | 315.28 | 287.89 | 204.89 | 258.71 | 253.72 | 232.26 | 88.58 | 220.29 | 338.71 | 292.24 | 202.72 | 206.64 | 229.09 | 230.49 | 146.7 | 183.31 | 154.29 |
| Other Current Assets | 2.55M | 2.2M | 3.29M | 2.88M | 3.08M | 4.43M | 7.37M | 7.44M | 6.7M | 7.03M | 10.01M | 10.3M | 9.74M | 8.9M | 5.84M | 8.01M | 7.8M | 4.37M | 3.03M | 3.83M |
| Total Non-Current Assets | 79.21M | 80.81M | 87.01M | 88.54M | 81.49M | 78.43M | 87.93M | 232.11M | 223.32M | 211.71M | 218.52M | 239.15M | 227.1M | 218.57M | 215.33M | 212.46M | 207.59M | 211.47M | 124M | 124.12M |
| Property, Plant & Equipment | 31.52M | 32.14M | 30.29M | 28.9M | 29.56M | 30.42M | 32.36M | 135.95M | 132.65M | 115.73M | 112.48M | 103.3M | 91.26M | 82.36M | 68.83M | 65.95M | 57.48M | 55.99M | 52.85M | 52.72M |
| Fixed Asset Turnover | 0.61x | 1.08x | 1.10x | 0.61x | 0.51x | 0.78x | 0.18x | 0.12x | 0.12x | 0.42x | 0.25x | 0.16x | 0.15x | 0.27x | 0.32x | 0.34x | 0.37x | 0.67x | 0.48x | 0.48x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40.27M | 40.24M | 40.07M | 40.08M | 64.16M | 64.31M | 64.27M | 63.81M | 64.37M | 64.15M | 64.18M | 40.22M | 40.28M |
| Intangible Assets | 151K | 247.55K | 1.55M | 1.76M | 1.86M | 1.76M | 2.19M | 1.78M | 1.33M | 1.4M | 1.73M | 4.38M | 4.8M | 5.21M | 18.79M | 19.66M | 20.2M | 20.76M | 3.85M | 3.83M |
| Long-Term Investments | 47.04M | 47.92M | 54.68M | 57.37M | 49.58M | 45.75M | 52.86M | 53.58M | 48.57M | 53.9M | 63.85M | 66.94M | 66.36M | 66.36M | 63.53M | 62.12M | 65.4M | 70.2M | 26.73M | 26.92M |
| Other Non-Current Assets | 498K | 505.08K | 498K | 507K | 484K | 495K | 524K | 522.92K | 534.45K | 611.85K | 371.21K | 376.34K | 370.25K | 370K | 362.4K | 355.57K | 353.38K | 347.53K | 346.49K | 363K |
| Total Assets | 663.1M | 681.15M | 710.46M | 735.86M | 756.61M | 777.31M | 830.4M | 1.02B | 1.05B | 1.07B | 1.12B | 1.18B | 1.21B | 1.25B | 1.28B | 1.34B | 1.39B | 1.44B | 1.44B | 1.47B |
| Asset Turnover | 0.03x | 0.05x | 0.04x | 0.02x | 0.02x | 0.03x | 0.02x | 0.02x | 0.01x | 0.04x | 0.02x | 0.01x | 0.01x | 0.02x | 0.02x | 0.02x | 0.01x | 0.03x | 0.02x | 0.02x |
| Asset Growth % | -12.36% | -12.37% | -14.44% | -27.92% | -27.89% | -27.49% | -26.01% | -13.25% | -13.35% | -14.04% | -12.27% | -11.85% | -12.76% | -13.34% | -11.44% | -9.14% | -6.39% | 47.5% | 154.97% | 295.25% |
| Total Current Liabilities | 54.56M | 60.88M | 74.81M | 69.54M | 74.99M | 75.59M | 82.41M | 72.34M | 70.82M | 70.22M | 71.91M | 67.91M | 69.07M | 73.17M | 73.69M | 74.04M | 76.88M | 83.05M | 63.11M | 56.61M |
| Accounts Payable | 14.15M | 11.99M | 18.02M | 19.21M | 21.7M | 12.3M | 19.37M | 21.4M | 19.61M | 13.65M | 17.97M | 19.63M | 18.93M | 20.44M | 18.35M | 17.72M | 15.78M | 13.67M | 16.77M | 13.49M |
| Days Payables Outstanding | 70.61 | 49.24 | 62.2 | 96.28 | 80.55 | 52.5 | 81.64 | 88.33 | 76.19 | 24.21 | 57.79 | 94.84 | 93.91 | 67.64 | 63.56 | 65.88 | 62.35 | 43.85 | 62.18 | 52.57 |
| Short-Term Debt | 0 | 3.41M | 0 | 0 | 0 | 0 | 0 | 3.5M | 3.41M | 4.48M | 4.23M | 4.07M | 3.99M | 0 | 3.52M | 3.65M | 3.44M | 3.23M | 3.03M | 3.04M |
| Deferred Revenue (Current) | 7.18M | 8.39M | 10.86M | 8.58M | 9.15M | 6.64M | 6.87M | 9.08M | 8.19M | 4.56M | 8.58M | 7.54M | 7.19M | 8.03M | 10.63M | 11.68M | 12.2M | 12.09M | 13.01M | 12.1M |
| Other Current Liabilities | 21.53M | 25.13M | 32.47M | 28.47M | 30.89M | 35.99M | 37.27M | 26.12M | 25.88M | 27.28M | 23.2M | 23.63M | 26.44M | 26.97M | 33.51M | 29.81M | 32.09M | 37.34M | 16.95M | 15.1M |
| Current Ratio | 10.70x | 9.86x | 8.33x | 9.31x | 9.00x | 9.25x | 9.01x | 10.90x | 11.66x | 12.25x | 12.57x | 13.81x | 14.24x | 14.06x | 14.44x | 15.16x | 15.36x | 14.78x | 20.92x | 23.77x |
| Quick Ratio | 9.90x | 9.14x | 7.53x | 8.32x | 8.13x | 8.50x | 8.19x | 10.05x | 10.88x | 11.60x | 11.59x | 12.73x | 13.31x | 13.26x | 13.65x | 14.36x | 14.61x | 14.16x | 20.12x | 23.08x |
| Cash Conversion Cycle | 260.35 | 198.07 | 231.9 | 350.43 | 383.08 | 269.99 | 395.4 | 395.14 | 470.12 | 164.01 | 303.57 | 487.15 | 476.74 | 332.39 | 355.32 | 372.68 | 367.85 | 215.09 | 301.87 | 299.24 |
| Total Non-Current Liabilities | 30.59M | 31.41M | 28.83M | 30.37M | 27.8M | 28.73M | 28.48M | 26.61M | 27.87M | 15.66M | 16.96M | 12.97M | 13.96M | 15M | 24.89M | 27.28M | 27.42M | 29.53M | 21.49M | 22.61M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 17.49M | 18.69M | 19.28M | 20.48M | 20.24M | 21M | 23.98M | 24.53M | 25.67M | 13.32M | 14.05M | 9.95M | 10.89M | 11.84M | 12.08M | 13.75M | 13.7M | 13.86M | 14.25M | 15.25M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.02M | 3.46M | 3.37M | 3.57M | 0 | 0 |
| Other Non-Current Liabilities | 2.77M | 2.81M | 2.77M | 2.83M | 2.69M | 2.68M | 1.85M | 1.8M | 1.82M | 1.85M | 2.32M | 2.33M | 2.28M | 2.26M | 8.8M | 8.95M | 9.14M | 10.77M | 5.82M | 5.83M |
| Total Liabilities | 85.15M | 92.29M | 103.64M | 99.91M | 102.79M | 104.32M | 110.89M | 98.95M | 98.69M | 85.88M | 88.87M | 80.88M | 83.03M | 88.17M | 98.58M | 101.32M | 104.3M | 112.57M | 84.6M | 79.22M |
| Total Debt | 20.93M | 22.1M | 22.56M | 23.73M | 23.26M | 23.89M | 27.52M | 28.03M | 29.09M | 17.81M | 18.28M | 14.02M | 14.88M | 15.73M | 15.61M | 17.41M | 17.13M | 17.1M | 17.28M | 18.29M |
| Net Debt | -495.84M | -503.99M | -503.18M | -526.31M | -553.44M | -580.05M | -607.6M | -649.91M | -690.84M | -729.48M | -758.97M | -799.62M | -849.46M | -898M | -933.02M | -986.83M | -1.05B | -1.11B | -1.2B | -1.22B |
| Debt / Equity | 0.04x | 0.04x | 0.04x | 0.04x | 0.04x | 0.04x | 0.04x | 0.03x | 0.03x | 0.02x | 0.02x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -24.83x | -37.80x | -60.96x | -47.71x | -39.77x | -85.18x | -345.25x | -68.89x | -98.25x | -146.82x | -120.18x | -119.80x | -141.31x | -115.25x | -122.01x | -162.83x | -88.42x | - | -51.06x | -59.52x |
| Total Equity | 577.95M | 588.86M | 606.82M | 635.95M | 653.82M | 672.99M | 719.51M | 922M | 950.62M | 986.14M | 1.03B | 1.1B | 1.13B | 1.16B | 1.18B | 1.23B | 1.28B | 1.33B | 1.36B | 1.39B |
| Equity Growth % | -11.6% | -12.5% | -15.66% | -31.03% | -31.22% | -31.76% | -30.38% | -15.88% | -15.72% | -14.91% | -12.47% | -11.17% | -12.14% | -12.63% | -13.18% | -11.26% | -8.85% | 47.23% | 174.51% | 374.92% |
| Book Value per Share | 1.92 | 2.02 | 2.02 | 2.12 | 2.18 | 2.25 | 2.40 | 3.08 | 3.18 | 3.30 | 3.46 | 3.67 | 3.78 | 3.88 | 3.96 | 4.14 | 4.31 | 4.46 | 4.57 | 4.67 |
| Total Shareholders' Equity | 577.95M | 588.86M | 606.82M | 635.95M | 653.82M | 672.99M | 719.51M | 922M | 950.62M | 986.14M | 1.03B | 1.1B | 1.13B | 1.16B | 1.18B | 1.23B | 1.28B | 1.33B | 1.36B | 1.39B |
| Common Stock | 2.44B | 2.43B | 2.43B | 2.43B | 2.43B | 2.43B | 2.43B | 2.43B | 2.43B | 2.41B | 2.41B | 2.42B | 2.42B | 2.42B | 2.4B | 2.42B | 2.41B | 2.41B | 2.41B | 2.42B |
| Retained Earnings | -2.16B | -2.15B | -2.13B | -2.11B | -2.08B | -2.06B | -2.02B | -1.81B | -1.78B | -1.73B | -1.68B | -1.62B | -1.6B | -1.56B | -1.52B | -1.49B | -1.43B | -1.39B | -1.34B | -1.32B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -1.85M | -1.6M | -1.72M | -2.54M | -4.24M | -4.76M | -2.75M | -4.14M | -3.86M | -2.95M | -3.88M | -3.7M | -1.35M | -1.49M | -2.67M | 39.06K | 1.6M | 1.72M | 1.02M | 1.1M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |