TELUS Corporation (TU) 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 | 7.19B | 8.37B | 5.3B | 9.32B | 6.72B | 6.65B | 6.12B | 6.42B | 7.6B | 6.31B | 4.82B | 4.47B | 4.49B | 6.09B | 4.7B | 3.77B | 4.05B | 5.03B | 4.67B | 4.93B |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | 1.31B | 2.62B | 1.31B | 3.68B | 1.01B | 869M | 814M | 927M | 2.16B | 864M | 886.26M | 489.61M | 648.45M | 974M | 1.04B | 296.61M | 618.58M | 723M | 1.47B | 1.76B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 71.97 | 58.85 | 52.65 | 56.96 | 58.02 | 56.63 | 58.89 | 59.42 | 60.71 | 52.9 | 47.8 | 47.29 | 50.86 | 49.44 | 45.85 | 45.68 | 48.42 | 47.12 | 44.89 | 43.72 |
| Inventory | 459.18M | 482M | 326.69M | 485M | 566M | 629M | 492M | 530M | 539M | 484M | 404.86M | 437.55M | 431.81M | 537M | 360.58M | 339.32M | 409.99M | 448M | 261.68M | 293.14M |
| Days Inventory Outstanding | 10.14 | 9.67 | 19.23 | 25.74 | 29.11 | 24.14 | 25.17 | 26.65 | 25.72 | 19.6 | 20.86 | 22.1 | 24.18 | 19.83 | 17.95 | 20.83 | 24.22 | 17.35 | 15.37 | 17.76 |
| Other Current Assets | 404.04M | 594M | 310.18M | 399M | 444M | 65M | 17M | 35M | 34M | 36M | 47.85M | 41.49M | 52.5M | 83M | 112M | 50.47M | 9.59M | 13M | 11.82M | 1.62M |
| Total Non-Current Assets | 51.82B | 51.24B | 36.96B | 51.3B | 51.26B | 51.38B | 50.86B | 50.9B | 50.01B | 49.82B | 36.74B | 37.53B | 36.76B | 47.98B | 34.51B | 34.16B | 34.67B | 42.95B | 32.79B | 32.23B |
| Property, Plant & Equipment | 17.6B | 17.5B | 12.66B | 17.51B | 17.3B | 17.29B | 17.21B | 17.23B | 17.18B | 17.25B | 12.79B | 13.05B | 12.65B | 17.08B | 12.2B | 12.64B | 12.89B | 15.93B | 12.52B | 12.37B |
| Fixed Asset Turnover | 0.28x | 0.36x | 0.34x | 0.29x | 0.29x | 0.31x | 0.29x | 0.28x | 0.28x | 0.34x | 0.39x | 0.38x | 0.33x | 0.34x | 0.37x | 0.34x | 0.30x | 0.31x | 0.34x | 0.34x |
| Goodwill | 10.52B | 10.46B | 7.52B | 10.44B | 10.64B | 10.54B | 10.32B | 10.27B | 10.18B | 10.06B | 7.4B | 7.56B | 7.44B | 9.13B | 6.53B | 5.78B | 5.86B | 7.27B | 5.85B | 5.82B |
| Intangible Assets | 20.59B | 20.33B | 14.69B | 20.52B | 20.42B | 20.59B | 20.53B | 20.6B | 19.67B | 19.72B | 14.58B | 14.99B | 14.81B | 19.24B | 13.89B | 13.69B | 14.02B | 17.48B | 12.26B | 12.31B |
| Long-Term Investments | 2.2B | 1.16B | 1.49B | 1.08B | 1.05B | 1.06B | 1.02B | 937M | 887M | 826M | 1.42B | 1.4B | 1.35B | 609M | 1.31B | 1.41B | 1.28B | 497M | 1.08B | 952.92M |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 59.01B | 59.61B | 42.26B | 60.63B | 57.98B | 58.02B | 56.99B | 57.31B | 57.61B | 56.14B | 41.56B | 42B | 41.25B | 54.07B | 39.21B | 37.93B | 38.73B | 47.98B | 37.46B | 37.16B |
| Asset Turnover | 0.08x | 0.11x | 0.10x | 0.08x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.11x | 0.12x | 0.12x | 0.10x | 0.11x | 0.12x | 0.11x | 0.10x | 0.10x | 0.11x | 0.11x |
| Asset Growth % | 1.76% | 2.74% | -25.84% | 5.79% | 0.65% | 3.36% | 37.12% | 36.45% | 39.66% | 3.82% | 5.99% | 10.73% | 6.51% | 12.68% | 4.67% | 2.08% | 7.37% | 41.27% | 21.42% | 25.56% |
| Total Current Liabilities | 10.74B | 9.69B | 7B | 10.89B | 10.49B | 9.83B | 8.89B | 9.68B | 10.08B | 9.48B | 7.24B | 7.11B | 5.98B | 8.29B | 7.14B | 6.5B | 6.34B | 8.27B | 5.86B | 5.26B |
| Accounts Payable | 996.57M | 982M | 774M | 913M | 1.14B | 1.13B | 1.02B | 998M | 964M | 996M | 710.34M | 706.12M | 641.06M | 1.38B | 862.78M | 778.8M | 871.93M | 1.21B | 869.38M | 797.06M |
| Days Payables Outstanding | 21.32 | 21.01 | 39.96 | 50.35 | 55.28 | 46.13 | 49.6 | 48.92 | 49.27 | 37.63 | 35.07 | 34.24 | 50.49 | 49.6 | 42.09 | 45.88 | 58.86 | 50.9 | 46.18 | 42.32 |
| Short-Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 3.11B | 4.68B | 2.07B | 323M | 269M | 247M | 250M | 250M | 277M | 342M | 2.12B | 2.05B | 1.98B | 185M | 2.07B | 1.97B | 2.03B | 148M | 2B | 1.82B |
| Current Ratio | 0.67x | 0.86x | 0.76x | 0.86x | 0.64x | 0.68x | 0.69x | 0.66x | 0.75x | 0.67x | 0.66x | 0.63x | 0.75x | 0.74x | 0.66x | 0.58x | 0.64x | 0.61x | 0.80x | 0.94x |
| Quick Ratio | 0.63x | 0.81x | 0.71x | 0.81x | 0.59x | 0.61x | 0.63x | 0.61x | 0.70x | 0.62x | 0.61x | 0.57x | 0.68x | 0.67x | 0.61x | 0.53x | 0.57x | 0.55x | 0.75x | 0.88x |
| Cash Conversion Cycle | 60.79 | 47.52 | 31.91 | 32.35 | 31.85 | 34.64 | 34.46 | 37.16 | 37.16 | 34.87 | 33.59 | 35.15 | 24.55 | 19.67 | 21.71 | 20.62 | 13.78 | 13.57 | 14.08 | 19.16 |
| Total Non-Current Liabilities | 31.86B | 33.34B | 22.68B | 33.64B | 30.71B | 31.39B | 31.17B | 30.58B | 30.3B | 29.36B | 21.43B | 21.63B | 22.09B | 28.13B | 19.19B | 18.48B | 19.27B | 23.65B | 19.04B | 19.26B |
| Long-Term Debt | 23.65B | 27.44B | 16.21B | 27.73B | 24.95B | 25.61B | 25.39B | 24.82B | 24.45B | 23.36B | 15.53B | 15.6B | 16.32B | 22.5B | 13.7B | 13.12B | 13.49B | 17.93B | 12.74B | 13.34B |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 42.6B | 43.03B | 29.68B | 44.53B | 41.2B | 41.23B | 40.06B | 40.27B | 40.38B | 38.83B | 28.67B | 28.74B | 28.06B | 36.41B | 26.33B | 24.98B | 25.62B | 31.92B | 24.9B | 24.52B |
| Total Debt | 31.13B | 31.46B | 21.48B | 33.12B | 30.05B | 29.78B | 28.93B | 29.2B | 29.47B | 27.45B | 20.56B | 20.51B | 20.08B | 25.14B | 18.24B | 17.01B | 17.12B | 20.97B | 16.26B | 16.18B |
| Net Debt | 29.83B | 28.84B | 20.16B | 29.43B | 29.04B | 28.91B | 28.11B | 28.27B | 27.31B | 26.59B | 19.68B | 20.02B | 19.43B | 24.17B | 17.2B | 16.71B | 16.51B | 20.24B | 14.8B | 14.41B |
| Debt / Equity | 1.90x | 1.90x | 1.71x | 2.06x | 1.79x | 1.77x | 1.71x | 1.71x | 1.71x | 1.59x | 1.60x | 1.55x | 1.52x | 1.42x | 1.42x | 1.31x | 1.31x | 1.31x | 1.29x | 1.28x |
| Debt / EBITDA | 17.10x | 10.73x | 12.25x | 28.09x | 17.23x | 16.82x | 16.47x | 17.42x | 17.99x | 16.10x | 13.56x | 12.91x | 12.39x | 15.73x | 11.08x | 10.68x | 10.91x | 11.14x | 10.87x | 11.15x |
| Net Debt / EBITDA | 16.38x | 9.84x | 11.50x | 24.97x | 16.65x | 16.33x | 16.01x | 16.87x | 16.67x | 15.59x | 12.97x | 12.60x | 11.99x | 15.12x | 10.45x | 10.49x | 10.52x | 10.76x | 9.89x | 9.93x |
| Interest Coverage | 1.46x | 1.07x | 2.47x | 0.47x | 2.19x | 2.15x | 1.89x | 1.87x | 1.53x | 2.07x | 1.50x | 1.83x | 1.95x | 2.24x | 4.33x | 4.40x | 4.04x | 5.28x | 3.36x | 3.18x |
| Total Equity | 16.41B | 16.58B | 12.58B | 16.1B | 16.79B | 16.8B | 16.93B | 17.05B | 17.23B | 17.3B | 12.89B | 13.26B | 13.18B | 17.66B | 12.88B | 12.95B | 13.11B | 16.06B | 12.56B | 12.64B |
| Equity Growth % | -2.24% | -1.3% | -25.68% | -5.53% | -2.59% | -2.91% | 31.36% | 28.53% | 30.71% | -2.02% | 0.07% | 2.39% | 0.57% | 9.96% | 2.5% | 2.48% | 6.57% | 62.79% | 34.32% | 39.04% |
| Book Value per Share | 10.51 | 10.79 | 8.15 | 10.62 | 11.07 | 11.30 | 11.39 | 11.47 | 11.66 | 11.79 | 8.83 | 9.13 | 9.16 | 12.34 | 9.16 | 9.34 | 9.50 | 11.76 | 9.20 | 9.30 |
| Total Shareholders' Equity | 15.6B | 15.78B | 11.4B | 15.22B | 15.61B | 15.62B | 15.77B | 15.81B | 16.01B | 16.11B | 12.01B | 12.38B | 12.28B | 16.57B | 12.13B | 12.2B | 12.35B | 15.12B | 11.83B | 11.92B |
| Common Stock | 14.35B | 14.1B | 9.88B | 13.53B | 13.33B | 13.12B | 12.84B | 12.65B | 12.52B | 12.32B | 8.84B | 8.92B | 8.6B | 11.4B | 8.04B | 7.74B | 7.84B | 9.64B | 7.41B | 7.47B |
| Retained Earnings | -407.05M | 98M | 359M | 630M | 1.23B | 1.52B | 1.79B | 2.11B | 2.44B | 2.83B | 2.32B | 2.63B | 2.82B | 4.1B | 3.26B | 3.49B | 3.48B | 4.26B | 3.39B | 3.49B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 40.1M | 4M | -19.39M | -85M | -61M | -105M | 7M | -4M | 20M | -44M | 52.26M | 36.97M | 79.86M | 110M | 59.98M | 182.47M | 199.8M | 203M | 181.29M | 120.33M |
| Minority Interest | 809.09M | 804M | 1.18B | 882M | 1.18B | 1.18B | 1.16B | 1.24B | 1.23B | 1.19B | 875.22M | 884.16M | 905.03M | 1.09B | 751.5M | 748.52M | 761.64M | 943M | 728.3M | 721.96M |