BCE (BCE) Balance Sheet: Assets & Liabilities

BCE (BCE) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), BCE reported total assets of CAD 80.17B and total liabilities of CAD 56.85B. Shareholders' equity was CAD 23.31B, up 36.5% from CAD 17.07B a year earlier. Total debt stood at CAD 41.06B against CAD 320.00M in cash and short-term investments, a net debt position of CAD 40.74B. That puts debt-to-equity at 1.76, compared with 2.37 a year earlier.

BCE Balance Sheet Analysis

Values in billions CAD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for BCE Inc. (BCE) - Annual data in billions CAD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	0.32	1.57	0.77	0.15	0.29	0.22	0.15	0.43	0.63
Short-Term Investments	0.00	0.40	1.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	0.32	1.97	1.77	0.15	0.29	0.22	0.15	0.43	0.63
Accounts Receivable	4.47	4.97	4.47	4.14	3.71	4.22	4.15	3.99	3.96
Inventory	0.39	0.42	0.47	0.66	0.48	0.44	0.43	0.43	0.38
Other Current Assets	2.22	1.57	1.19	1.54	0.25	0.81	0.80	0.94	0.82
Total Current Assets	7.41	8.92	7.90	6.49	6.20	5.69	5.52	5.79	4.64
Non-Current Assets
Property, Plant & Equipment (Net)	33.54	30.00	30.35	29.26	28.24	27.51	27.64	24.84	24.03
Long-Term Investments	0.40	1.22	0.91	0.61	0.67	0.76	0.70	0.80	0.81
Goodwill	13.23	10.26	10.94	10.91	10.57	10.60	10.67	10.66	10.43
Intangible Assets	17.23	16.79	16.61	16.18	15.57	13.10	13.35	13.21	13.31
Other Non-Current Assets	8.36	6.16	5.13	5.89	0.24	2.90	2.34	1.69	0.90
Total Non-Current Assets	72.67	64.56	64.04	62.84	60.57	54.98	54.79	51.31	49.62
Total Assets	80.17	73.49	71.94	69.33	66.76	60.67	60.31	57.10	54.26
Current Liabilities
Accounts Payable	4.39	2.96	3.31	5.22	2.93	2.60	2.60	2.54	2.45
Short-Term Debt	6.16	7.67	5.04	0.75	1.76	2.07	3.88	4.65	5.18
Current Portion of Long-Term Debt	6.16	7.67	5.04	4.14	2.63	-	-	-	-
Accrued Liabilities	0.44	1.24	1.11	1.00	0.25	-	-	-	-
Deferred Revenue	0.87	0.77	0.81	0.86	0.80	0.72	0.68	0.70	0.69
Other Current Liabilities	1.44	3.25	2.68	1.25	0.83	2.68	2.31	2.29	1.99
Total Current Liabilities	12.86	14.85	12.11	11.47	9.11	8.27	9.78	10.43	10.73
Non-Current Liabilities
Long-Term Debt	34.90	32.84	31.14	27.78	27.05	23.91	22.42	19.76	18.22
Deferred Tax Liabilities	6.12	5.24	4.87	4.95	4.68	3.81	3.61	3.16	2.87
Other Non-Current Liabilities	9.10	2.85	3.00	7.56	0.31	3.11	2.78	2.86	6.23
Total Non-Current Liabilities	44.00	41.28	39.28	35.35	34.71	31.07	29.01	25.98	23.99
Total Liabilities	56.86	56.13	51.38	46.81	43.82	39.34	38.78	36.41	34.78
Stockholders' Equity
Common Stock	21.49	20.86	20.86	20.84	20.66	20.39	20.36	20.04	20.09
Retained Earnings	-3.64	-8.44	-5.51	-3.65	-3.40	-4.68	-4.51	-4.94	-6.08
Accumulated Other Comprehensive Income	0.57	-0.16	-0.04	-0.06	0.21	0.10	0.16	0.09	-0.02
Additional Paid-in Capital	1.31	1.28	1.26	1.17	1.16	1.17	1.18	1.17	1.16
Minority Interest	0.29	0.29	0.33	0.34	0.31	0.34	0.33	0.33	0.32
Shares Outstanding	0.93	0.91	0.91	0.91	0.91	-	-	-	-
Total Stockholders' Equity	23.31	17.07	20.23	22.52	22.64	20.99	21.20	20.36	19.16
Total Liabilities & Equity	80.08	73.49	71.94	69.33	66.76	60.67	60.31	57.10	54.26

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About BCE Balance Sheet

How much debt does BCE have?

BCE had total debt of CAD 41.06B as of Dec 31, 2025, against CAD 320.00M in cash and short-term investments. Its debt-to-equity ratio was 1.76. Total debt was CAD 40.50B a year earlier.

What are BCE's total assets?

BCE reported total assets of CAD 80.17B as of Dec 31, 2025, up 9.1% from CAD 73.48B a year earlier. Total liabilities were CAD 56.85B.

What is BCE's shareholders' equity?

BCE's shareholders' equity was CAD 23.31B as of Dec 31, 2025, or about CAD 25.00 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition