GFL Environmental (GFL) Balance Sheet: Assets & Liabilities

GFL Environmental (GFL) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), GFL Environmental reported total assets of CAD 19.30B and total liabilities of CAD 11.81B. Shareholders' equity was CAD 7.49B, up 3.7% from CAD 7.22B a year earlier. Total debt stood at CAD 7.48B against CAD 85.60M in cash and short-term investments, a net debt position of CAD 7.40B. That puts debt-to-equity at 1.00, compared with 1.39 a year earlier.

GFL Environmental 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 GFL Environmental Inc. (GFL) - 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	0.09	0.13	0.14	0.08	0.19	0.03	0.57	0.01	0.00
Cash & Short-Term Investments	0.09	0.13	0.14	0.08	0.19	0.03	0.57	0.01	0.00
Accounts Receivable	0.80	1.18	1.08	1.05	1.13	0.87	0.71	0.57	0.32
Inventory	0.00	0.11	0.10	0.08	0.08	0.06	0.05	0.04	0.02
Other Current Assets	0.28	0.39	0.27	0.11	0.17	0.08	0.08	0.06	0.06
Total Current Assets	1.16	1.70	1.49	1.38	1.50	1.03	1.42	0.68	0.40
Non-Current Assets
Property, Plant & Equipment (Net)	7.32	7.85	6.98	6.54	6.01	5.07	2.85	2.44	1.01
Long-Term Investments	1.90	0.34	0.32	0.33	0.00	0.00	0.00	0.00	0.00
Goodwill	6.89	8.07	7.89	8.18	7.50	6.50	5.17	4.98	1.44
Intangible Assets	1.76	2.83	3.06	3.25	3.33	3.09	2.85	2.94	0.58
Other Non-Current Assets	0.26	0.42	0.15	0.09	0.06	0.03	0.03	0.03	0.01
Total Non-Current Assets	18.13	19.51	18.39	18.38	16.90	14.70	10.90	10.39	3.05
Total Assets	19.30	21.21	19.88	19.77	18.40	15.73	12.32	11.07	3.45
Current Liabilities
Accounts Payable	1.89	1.88	1.68	0.66	1.32	0.41	0.73	0.61	0.31
Short-Term Debt	0.06	1.15	0.02	0.04	0.09	0.11	0.10	0.05	0.01
Current Portion of Long-Term Debt	-	1.15	0.02	0.04	0.09	-	-	-	-
Accrued Liabilities	0.74	0.84	0.76	0.65	0.56	-	-	-	-
Deferred Revenue	0.00	0.23	0.21	0.25	0.20	0.17	0.00	0.00	0.00
Other Current Liabilities	0.05	0.05	0.06	1.01	0.03	0.49	0.03	0.02	0.02
Total Current Liabilities	2.00	3.15	1.81	2.69	1.52	1.19	0.87	0.68	0.34
Non-Current Liabilities
Long-Term Debt	7.42	8.85	8.84	9.26	8.00	7.67	7.72	6.24	2.45
Deferred Tax Liabilities	0.78	0.46	0.53	0.58	0.72	0.57	0.73	0.76	0.11
Other Non-Current Liabilities	1.94	1.50	1.53	0.05	2.96	0.72	0.24	0.20	0.03
Total Non-Current Liabilities	9.81	10.84	10.68	11.03	11.10	8.96	8.69	7.20	2.60
Total Liabilities	11.81	13.99	12.49	13.72	12.62	10.16	9.56	7.88	2.94
Stockholders' Equity
Common Stock	7.01	9.94	9.84	8.64	8.46	7.64	3.52	3.47	0.88
Retained Earnings	0.23	-3.57	-2.82	-2.84	-2.51	-1.89	-0.77	-0.32	-0.38
Accumulated Other Comprehensive Income	-0.14	0.46	0.02	0.13	-0.25	-0.24	0.00	0.04	-0.01
Additional Paid-in Capital	0.21	0.15	0.15	0.11	0.08	0.05	0.02	0.00	0.02
Minority Interest	0.18	0.24	0.21	0.01	0.00	0.00	0.00	0.00	0.00
Shares Outstanding	0.36	0.39	0.37	0.34	0.34	-	-	-	-
Total Stockholders' Equity	7.49	7.22	7.39	6.04	5.78	5.57	2.77	3.19	0.51
Total Liabilities & Equity	19.30	21.21	19.88	19.77	18.40	15.73	12.32	11.07	3.45

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

Frequently Asked Questions About GFL Environmental Balance Sheet

How much debt does GFL Environmental have?

GFL Environmental had total debt of CAD 7.48B as of Dec 31, 2025, against CAD 85.60M in cash and short-term investments. Its debt-to-equity ratio was 1.00. Total debt was CAD 10.00B a year earlier.

What are GFL Environmental's total assets?

GFL Environmental reported total assets of CAD 19.30B as of Dec 31, 2025, down 9.0% from CAD 21.21B a year earlier. Total liabilities were CAD 11.81B.

What is GFL Environmental's shareholders' equity?

GFL Environmental's shareholders' equity was CAD 7.49B as of Dec 31, 2025, or about CAD 20.91 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