CECO Environmental (CECO) Balance Sheet: Assets & Liabilities

CECO Environmental (CECO) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), CECO Environmental reported total assets of $893.77M and total liabilities of $570.59M. Shareholders' equity was $317.53M, up 28.2% from $247.69M a year earlier. Total debt stood at $24.84M against $33.14M in cash and short-term investments, a net cash position of $8.30M. That puts debt-to-equity at 0.08, compared with 1.01 a year earlier.

CECO Environmental Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for CECO Environmental Corp. (CECO) - Annual data in millions USD
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	33.14	37.83	54.78	45.52	29.90	35.99	36.96	43.68	29.90
Cash & Short-Term Investments	33.14	37.83	54.78	45.52	29.90	35.99	36.96	43.68	29.90
Accounts Receivable	172.91	229.46	179.31	154.10	12.54	108.54	103.24	82.92	101.94
Inventory	54.00	42.62	34.09	26.53	17.05	17.34	20.58	20.82	20.97
Other Current Assets	150.13	21.05	13.26	14.51	10.76	11.53	18.72	13.45	21.13
Total Current Assets	410.18	330.97	281.44	240.66	189.01	183.49	179.50	160.87	173.94
Non-Current Assets
Property, Plant & Equipment (Net)	76.06	58.91	42.49	32.20	26.84	27.60	28.88	22.20	23.40
Long-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.56	0.30
Goodwill	288.16	269.75	211.33	183.20	161.18	161.82	152.02	152.16	166.95
Intangible Assets	96.97	74.05	60.03	44.76	35.47	42.57	45.57	54.22	69.65
Other Non-Current Assets	21.95	25.05	4.70	3.08	3.19	3.83	2.66	-2.08	-1.96
Total Non-Current Assets	483.59	428.73	318.85	264.06	227.19	245.65	235.00	231.72	264.61
Total Assets	893.77	759.70	600.29	504.72	416.20	419.31	414.50	392.58	438.55
Current Liabilities
Accounts Payable	117.85	109.67	87.69	73.41	56.24	55.90	48.76	51.98	45.41
Short-Term Debt	1.88	8.36	17.27	7.45	2.20	3.13	5.63	1.70	16.60
Current Portion of Long-Term Debt	1.88	1.65	10.49	3.58	2.20	3.13	-	-	-
Accrued Liabilities	57.64	21.25	20.87	33.79	14.96	5.08	-	-	-
Deferred Revenue	0.00	0.00	64.77	37.23	33.31	24.67	40.04	20.14	20.47
Other Current Liabilities	181.12	122.81	32.15	25.40	1.49	17.21	20.77	48.39	45.85
Total Current Liabilities	305.83	244.66	203.11	146.70	116.69	109.36	115.19	103.89	107.85
Non-Current Liabilities
Long-Term Debt	22.96	241.56	138.21	116.08	61.58	69.49	81.46	78.62	107.92
Deferred Tax Liabilities	27.92	11.32	8.84	8.67	8.39	6.97	11.80	8.76	10.21
Other Non-Current Liabilities	213.88	11.23	12.64	15.13	14.83	4.09	13.03	31.52	36.21
Total Non-Current Liabilities	264.76	263.14	159.69	139.87	93.56	116.17	106.29	110.14	144.13
Total Liabilities	570.59	507.81	362.80	286.57	210.24	215.70	221.48	214.02	251.98
Stockholders' Equity
Common Stock	0.36	0.35	0.35	0.34	0.35	0.36	0.35	0.35	0.35
Retained Earnings	56.62	6.57	-6.39	-19.30	-36.72	-38.14	-46.34	-59.43	-52.67
Accumulated Other Comprehensive Income	-8.90	-14.44	-16.27	-18.00	-12.07	-14.50	-14.51	-13.42	-8.92
Additional Paid-in Capital	269.45	255.21	254.96	250.17	252.99	254.94	253.51	251.05	247.81
Minority Interest	5.65	4.20	4.85	4.92	1.40	0.95	0.00	0.00	0.00
Shares Outstanding	35.64	34.98	34.84	34.38	35.03	-	-	-	-
Total Stockholders' Equity	317.53	247.69	232.64	213.22	204.55	203.61	193.02	178.56	186.57
Total Liabilities & Equity	893.77	759.70	600.29	504.72	416.20	429.13	414.50	392.58	438.55

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

Frequently Asked Questions About CECO Environmental Balance Sheet

How much debt does CECO Environmental have?

CECO Environmental had total debt of $24.84M as of Dec 31, 2025, against $33.14M in cash and short-term investments. Its debt-to-equity ratio was 0.08. Total debt was $249.92M a year earlier.

What are CECO Environmental's total assets?

CECO Environmental reported total assets of $893.77M as of Dec 31, 2025, up 17.6% from $759.70M a year earlier. Total liabilities were $570.59M.

What is CECO Environmental's shareholders' equity?

CECO Environmental's shareholders' equity was $317.53M as of Dec 31, 2025, or about $8.91 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