Burford Capital Limited (BUR) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 | Q4'21 | Q2'21 | Q4'20 | Q2'20 | Q4'19 | Q2'19 | Q4'18 | Q2'18 |
|---|
| Total Current Assets | 655.92M | 677.65M | 490.7M | 589.29M | 681.11M | 638.5M | 662.03M | 0 | 516.77M | 459.73M | 245.48M | 439.34M | 286.66M | 396.27M | 364.06M | 552.78M | 344.04M | 520.28M | 495.37M | 352.14M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 2.92K | - | 57.53 | 126.11 | 669.66 | 49.17 | 114.59 | - | 111.97 | 496.28 | 90 | 364.91 | 98.61 | 106.24 | 25.01 | - | 113.45 | 26.4 | 17.4 | 9.57 |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | -186.91M | 0 | 0 | 0 | 0 | 0 | 0 | -716.69M | 0 | 0 | 21.44M | 20.86M | 23.45M | 18M | 22.34M | 4.48M | 101.4M | 81.03M | 138.59M | 29.58M |
| Total Non-Current Assets | 136.75M | 6.01B | 5.84B | 5.59B | 5.49B | 5.64B | 5.46B | 0 | 5.32B | 4.65B | 4.02B | 3.38B | 3.22B | 2.83B | 2.34B | 2.08B | 2.28B | 1.97B | 1.79B | 1.43B |
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 16.22M | 0 | 0 | 0 | 17.41M | 0 | 14.03M | 9.75M | 13.07M | 13.5M | 14.59M | 17.88M | 20.18M | 10.8M | 1.87M | 2.12M |
| Fixed Asset Turnover | - | - | - | - | 1.12x | - | - | - | 8.84x | - | 7.55x | 1.61x | 9.61x | 6.74x | 6.06x | 13.63x | 4.63x | 46.15x | 109.81x | 91.78x |
| Goodwill | 134.02M | 134.02M | 134.04M | 133.98M | 133.95M | 134.01M | 133.96M | 133.86M | 133.97M | 133.96M | 133.91M | 133.92M | 134.02M | 134.04M | 134.03M | 133.94M | 134M | 133.96M | 133.97M | 134M |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.96M | 8.7M | 13.45M | 18.2M | 22.95M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.52B | 3.87B | 3.24B | 3.08B | 2.68B | 2.19B | 1.93B | 2.12B | 1.81B | 1.64B | 1.27B |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 6.64B | 6.69B | 6.33B | 6.18B | 6.18B | 6.27B | 6.12B | 6.01B | 5.84B | 5.18B | 4.29B | 3.85B | 3.52B | 3.25B | 2.73B | 2.65B | 2.65B | 2.52B | 2.32B | 1.8B |
| Asset Turnover | 0.00x | 0.01x | 0.03x | 0.02x | 0.00x | 0.04x | 0.02x | 0.01x | 0.03x | 0.00x | 0.02x | 0.00x | 0.04x | 0.03x | 0.04x | 0.10x | 0.03x | 0.12x | 0.11x | 0.13x |
| Asset Growth % | 7.55% | 6.54% | 3.37% | 2.88% | 5.78% | - | 18.21% | - | 36.12% | 34.65% | 21.67% | 18.34% | 29.19% | 22.8% | 2.88% | 5.01% | 14.36% | 39.92% | 54.67% | 50.53% |
| Total Current Liabilities | 368.54M | 350.78M | 45.25M | 42.97M | 12.1M | 41.26M | 43.92M | 0 | 34.42M | 17.27M | 16.82M | 17.04M | 13.92M | 13.91M | 9.56M | 9.06M | 9.46M | 29.16M | 9.71M | 13.31M |
| Accounts Payable | 60.03M | 50.47M | 45.25M | 42.97M | 12.1M | 41.26M | 0 | 0 | 34.42M | 17.27M | 16.82M | 17.04M | 13.92M | 13.91M | 9.56M | 9.06M | 9.46M | 29.16M | 9.33M | 13.31M |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -17.27M | -128.18M | -45.64M | -59.76M | -33.02M | -54.95M | -27.24M | -564.42M | -38.05M | -487.8M | -674.08M |
| Current Ratio | 1.78x | 1.93x | 10.85x | 13.71x | 56.30x | 15.47x | 15.07x | - | 15.02x | 26.63x | 14.60x | 25.79x | 20.60x | 28.49x | 38.10x | 61.01x | 36.36x | 17.84x | 51.03x | 26.46x |
| Quick Ratio | 1.78x | 1.93x | 10.85x | 13.71x | 56.30x | 15.47x | 15.07x | - | 15.02x | 26.63x | 14.60x | 25.79x | 20.60x | 28.49x | 38.10x | 61.01x | 36.36x | 17.84x | 51.03x | 26.46x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 3.14B | 3.15B | 3.05B | 2.98B | 2.91B | 2.94B | 2.84B | 0 | 2.6B | 1.66B | 16.82M | 17.04M | 13.92M | 1.05B | 681.33M | 644.07M | 9.46M | 29.16M | 9.71M | 13.31M |
| Long-Term Debt | 2.16B | 2.16B | 1.79B | 1.78B | 1.78B | 1.79B | 1.79B | 1.81B | 1.55B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 3.51B | 3.5B | 3.1B | 3.02B | 2.92B | 2.98B | 2.89B | 2.88B | 2.63B | 2.44B | 1.9B | 1.81B | 1.58B | 1.65B | 1.03B | 925.3M | 1.12B | 952.9M | 955.83M | 847.31M |
| Total Debt | 2.15B | 2.16B | 1.79B | 1.78B | 1.78B | 1.79B | 1.79B | 1.81B | 1.55B | 1.66B | 1.27B | 1.26B | 1.03B | 1.05B | 681.33M | 644.07M | 675.27M | 637.79M | 638.66M | 653.76M |
| Net Debt | 1.59B | 1.48B | 1.42B | 1.29B | 1.31B | 1.22B | 1.4B | 1.33B | 1.33B | 1.29B | 1.16B | 909.24M | 854.2M | 854.46M | 359.14M | 383.76M | 488.65M | 405.32M | 373.11M | 413.03M |
| Debt / Equity | 0.69x | 0.68x | 0.56x | 0.56x | 0.55x | 0.54x | 0.55x | 0.58x | 0.48x | 0.61x | 0.53x | 0.62x | 0.53x | 0.65x | 0.35x | 0.37x | 0.44x | 0.41x | 0.47x | 0.69x |
| Debt / EBITDA | - | - | 16.35x | 40.00x | 109.85x | 10.59x | 20.59x | - | 10.73x | - | - | - | 14.02x | 99.54x | 23.02x | 2.95x | 33.92x | 2.52x | 3.74x | 3.54x |
| Net Debt / EBITDA | - | - | 12.96x | 29.06x | 80.83x | 7.20x | 16.10x | - | 9.20x | - | - | - | 11.58x | 81.24x | 12.14x | 1.76x | 24.54x | 1.60x | 2.19x | 2.24x |
| Interest Coverage | -1.34x | -0.41x | 3.23x | 1.31x | 0.55x | 5.09x | 2.52x | -0.58x | 6.04x | -0.08x | -5.91x | 0.65x | - | - | - | - | - | - | - | - |
| Total Equity | 3.13B | 3.19B | 3.23B | 3.16B | 3.26B | 3.3B | 3.23B | 3.12B | 3.21B | 2.74B | 2.39B | 2.03B | 1.94B | 1.6B | 1.96B | 1.72B | 1.53B | 1.57B | 1.36B | 953.73M |
| Equity Growth % | -3.96% | -3.31% | -0.12% | 1.17% | 1.53% | - | 18.14% | - | 34.38% | 34.66% | 23% | 27.09% | -0.99% | -7.09% | 27.87% | 9.81% | 12.46% | 64.31% | 70.7% | 35.26% |
| Book Value per Share | 14.29 | 14.54 | 14.41 | 14.17 | 14.59 | 14.75 | 14.47 | 14.27 | 14.31 | 12.33 | 10.83 | 8.80 | 8.86 | 7.30 | 8.95 | 7.83 | 6.97 | 7.14 | 6.37 | 4.57 |
| Total Shareholders' Equity | 2.45B | 2.5B | 2.5B | 2.43B | 2.42B | 2.43B | 2.3B | 2.26B | 2.29B | 1.94B | 1.74B | 1.55B | 1.55B | 1.6B | 1.7B | 1.72B | 1.53B | 1.57B | 1.36B | 953.73M |
| Common Stock | 615.45M | 614.84M | 614.75M | 610.04M | 610.04M | 610.03M | 609.94M | 601.79M | 602.24M | 598.81M | 598.81M | 598.81M | 598.81M | 598.81M | 598.81M | 598.81M | 596.45M | 596.45M | 596.45M | 351.25M |
| Retained Earnings | 1.8B | 1.85B | 1.87B | 1.8B | 1.77B | 1.79B | 1.66B | 1.62B | 1.65B | 1.29B | 1.07B | 890.57M | 922.5M | 979.04M | 1.14B | 1.05B | 899.06M | 916.55M | 716.22M | 567.49M |
| Treasury Stock | -24.88M | -24.88M | -24.88M | -24.88M | -9.57M | -9.57M | -9.57M | -8.85M | -4.48M | -742K | -3.75M | -3.75M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -199K | 0 | 0 | 0 | 0 | 0 | 8.63M | 8.69M | 0 | 0 | 47.05M | 39.45M | 2.92M | 20.86M | 6.55M | 70.82M | 37.48M | 54.03M | 50.48M | 34.99M |
| Minority Interest | 679.71M | 691.24M | 725.37M | 726.21M | 837.4M | 865.24M | 929.12M | 863.81M | 916.92M | 794.04M | 644.49M | 481.41M | 388.9M | 0 | 260.35M | 0 | 0 | 0 | 0 | 0 |