Anfield Energy Inc. (AEC) Balance Sheet

NASDAQ: AECAssets, liabilities, debt and equity over 5 years.

AEC balance sheet, 2025

December 31, 2025 · Canadian dollars

C$84.1M assets = C$37.3M liabilities + C$46.8M equity

What it ownsC$84.1MCash & ST investments: C$3.4M (4.0%)Receivables: C$57,672 (0.1%)Other current: C$2.1M (2.5%)PP&E: C$59.8M (71.1%)PP&EC$59.8M · 71%Other non-current: C$18.8M (22.4%)Other non-currentC$18.8M · 22%=How it is financedC$84.1MCurrent liabilities: C$1.5M (1.8%)Long-term debt: C$12.2M (14.5%)Long-term debtC$12.2M · 14%Other LT liabilities: C$23.6M (28.1%)Other LT liabilitiesC$23.6M · 28%Shareholders’ equity: C$46.8M (55.6%)Shareholders’ equityC$46.8M · 56%

Both columns are drawn to the same scale: what AEC owns equals what it owes plus shareholders’ equity. Hover a block for its value.

AEC financial health

Current ratio3.61
Comfortable · current assets cover current liabilities 3.61×
Debt / equity0.26
Low leverage · C$0.26 of debt for each $1 of equity
Equity / assets55.6%
Equity-funded · of assets funded by shareholders
Cash / debt27.7%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

AEC balance sheet trends, 2021–2025

MetricTrendThenLatestChange
Total assetsC$31.8M2021C$84.1M2025+27.5%/yr
Total liabilitiesC$45.9M2021C$37.3M2025−5.1%/yr
Shareholders’ equity−C$14.1M2021C$46.8M2025—
Cash & short-term investmentsC$4.9M2021C$3.4M2025−9.1%/yr
Total debtC$2.7M2023C$12.2M2025+112.0%/yr
Net cash (debt)−C$49,4302023−C$8.8M2025−C$8.7M
Working capital−C$18.6M2021C$4.0M2025+C$22.6M
Current ratio0.2220213.612025+3.39
Debt / equity0.0520230.262025+0.21
Shares outstanding3.3M202115.4M2025+46.8%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

AEC assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

AEC liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

AEC debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

AEC balance sheet in Canadian dollars

20252024202320222021
Assets
Cash & short-term investmentsC$3.4MC$1.4MC$2.7MC$4.4MC$4.9M
Cash & equivalentsC$3.3MC$1.4MC$2.6MC$4.3MC$4.8M
Short-term investmentsC$19,884C$34,563C$42,443C$45,508C$88,368
ReceivablesC$57,672C$49,685C$43,488C$9,094C$19,649
InventoryC$0C$0C$0C$0C$0
Other current assetsC$2.1MC$1.0MC$1.6MC$477,719C$344,693
Total current assetsC$5.5MC$2.5MC$4.3MC$4.8MC$5.3M
Property, plant & equipment (net)C$59.8MC$61.1MC$56.5MC$17.1MC$13.6M
Goodwill & intangible assetsC$0C$0C$0C$0C$0
Long-term investmentsC$0C$0C$0C$0C$0
Other non-current assetsC$18.8MC$16.5MC$14.5MC$14.0MC$13.0M
Total assetsC$84.1MC$80.0MC$75.3MC$36.0MC$31.8M
Liabilities
Accounts payableC$738,444C$760,631C$306,805C$45,023C$727,654
Short-term debt—C$5.9M———
Total current liabilitiesC$1.5MC$7.8MC$657,712C$242,548C$23.9M
Long-term debtC$12.2MC$3.4MC$2.7MC$0C$0
Other long-term liabilitiesC$23.6MC$24.0MC$22.3MC$21.1MC$22.0M
Total liabilitiesC$37.3MC$35.1MC$25.7MC$21.3MC$45.9M
Shareholders' equity
Common stock & paid-in capitalC$130.4MC$110.5MC$107.2MC$89.3MC$60.0M
Retained earnings (deficit)−C$103.4M−C$84.5M−C$73.6M−C$88.7M−C$79.8M
Accumulated other comprehensive incomeC$2.7MC$4.5MC$1.1MC$1.2MC$572,020
Total shareholders' equityC$46.8MC$44.9MC$49.6MC$14.7M−C$14.1M
Key figures
Total debtC$12.2MC$9.3MC$2.7M——
Net cash (debt)−C$8.8M−C$7.9M−C$49,430——
Working capitalC$4.0M−C$5.3MC$3.6MC$4.6M−C$18.6M
Tangible book valueC$46.8MC$44.9MC$49.6MC$14.7M−C$14.1M
Shares outstanding15.4M13.6M10.7M6.9M3.3M
Current ratio3.610.326.5120.000.22
Quick ratio2.250.184.1018.030.21
Debt / equity0.260.210.05——
Equity / assets55.6%56.1%65.9%40.8%−44.3%

Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported (latest annual report filed December 31, 2025); data from EODHD.

AEC financial position

At the end of fiscal 2025 (December 31, 2025), Anfield Energy had total assets of C$84.1 million (up 5.1% from a year earlier), total liabilities of C$37.3 million and shareholders' equity of C$46.8 million. It held C$3.4 million in cash and short-term investments against C$12.2 million of debt, net debt of C$8.8 million. Its current ratio was 3.61. In the latest quarter (ended June 30, 2026) total assets were C$95.2 million and equity C$49.2 million.

Related: AEC income statement, AEC cash flow statement, AEC key metrics. See the AEC stock overview for the latest quote and news.

AEC balance sheet FAQ

What are Anfield Energy's total assets?

Anfield Energy reported total assets of C$84.1 million at the end of fiscal 2025 (December 31, 2025), compared with C$80.0 million a year earlier.

How much debt does Anfield Energy have?

Anfield Energy had C$12.2 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.26.

How much cash does Anfield Energy have?

Anfield Energy held C$3.4 million in cash and short-term investments at the end of fiscal 2025; with C$12.2 million of debt that is net debt of C$8.8 million.

What is Anfield Energy's book value?

Anfield Energy's shareholders' equity (book value) was C$46.8 million at the end of fiscal 2025.

What is Anfield Energy's current ratio?

Anfield Energy had current assets of C$5.5 million and current liabilities of C$1.5 million, a current ratio of 3.61 (it can cover its short-term obligations).

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