Brookfield Renewable Corporation (BEPC) Balance Sheet

NYSE: BEPCAssets, liabilities, debt and equity over 9 years.

BEPC balance sheet, 2025

December 31, 2025 · U.S. dollars

$63.42B assets = $50.77B liabilities + $12.65B equity

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

BEPC financial health

Current ratio0.26

Tight · current assets cover current liabilities 0.26×

Equity / assets−0.9%

Thin equity · of assets funded by shareholders

Cash / debt4.5%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles1.7%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

BEPC balance sheet trends, 2017–2025

Brookfield Renewable Corporation balance sheet trends
Metric	Then	Latest	Change
Total assets	$8.65B2017	$63.42B2025	+28.3%/yr
Total liabilities	$3.66B2017	$50.77B2025	+38.9%/yr
Shareholders’ equity	$2.41B2017	−$556.5M2025	—
Cash & short-term investments	$75.0M2017	$963.6M2025	+37.6%/yr
Total debt	$2.00B2017	$21.33B2025	+34.4%/yr
Net cash (debt)	−$1.92B2017	−$20.37B2025	−$18.4B
Working capital	$100.0M2017	−$15.78B2025	−$15.9B
Book value per share	$7.872017	−$3.102025	—
Current ratio	1.302017	0.262025	−1.04
Debt / equity	0.832017	10.512024	+9.68
Shares outstanding	306.3M2017	179.6M2025	−6.5%/yr

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

BEPC assets

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

BEPC liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

BEPC debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

BEPC balance sheet

Brookfield Renewable Corporation annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017
Assets
Cash & short-term investments	$963.6M	$392.0M	$441.0M	$435.0M	$410.0M	$355.0M	$304.0M	$94.0M	$75.0M
Cash & equivalents	$963.6M	$392.0M	$441.0M	$435.0M	$410.0M	$355.0M	$304.0M	$94.0M	$75.0M
Short-term investments	—	—	$186.0M	—	—	—	$41.0M	—	—
Receivables	$3.18B	$1.97B	$2.07B	$1.26B	$1.16B	$883.0M	$635.0M	$307.0M	$279.0M
Inventory	$43.9M	$35.0M	$65.0M	$18.0M	$20.0M	$22.0M	$37.0M	$105.0M	$0
Other current assets	$1.22B	$719.0M	$722.0M	$1.71B	$749.0M	$324.0M	$387.0M	$383.0M	$81.0M
Total current assets	$5.40B	$3.11B	$3.30B	$3.43B	$2.34B	$1.58B	$1.36B	$889.0M	$435.0M
Property, plant & equipment (net)	$54.42B	$38.70B	$44.04B	$37.83B	$37.91B	$36.10B	$32.65B	$21.27B	$7.24B
Goodwill & intangible assets	$1.11B	$697.0M	$861.0M	$931.0M	$1.07B	$1.20B	$1.19B	$828.0M	$901.0M
Long-term investments	$1.01B	$753.0M	$644.0M	$451.0M	$455.0M	$372.0M	$348.0M	$291.0M	$0
Other non-current assets	$1.48B	$869.0M	$580.0M	$652.0M	$213.0M	$217.0M	$209.0M	$91.0M	$75.0M
Total assets	$63.42B	$44.13B	$49.42B	$43.29B	$41.99B	$39.47B	$35.76B	$23.37B	$8.65B
Liabilities
Accounts payable	$463.3M	$172.0M	$184.0M	$154.0M	$118.0M	$650.0M	$319.0M	$60.0M	$88.0M
Short-term debt	$3.84B	$1.31B	$1.92B	$1.32B	$1.48B	$805.0M	$623.0M	$364.0M	$110.0M
Deferred revenue	—	—	$51.0M	—	−$7.89B	−$8.54B	$439.0M	$370.0M	—
Total current liabilities	$21.18B	$11.25B	$8.34B	$7.25B	$8.97B	$9.84B	$1.42B	$810.0M	$335.0M
Long-term debt	$12.49B	$12.49B	$14.18B	$13.81B	$13.51B	$12.82B	$5.50B	$5.18B	$0
Lease obligations	$300.0M	$318.0M	$501.0M	$364.0M	$371.0M	$392.0M	$66.0M	$0	—
Other long-term liabilities	$17.09B	$8.27B	$9.78B	$5.40B	$5.27B	$5.09B	$10.95B	$3.08B	$3.32B
Total liabilities	$50.77B	$32.02B	$32.29B	$26.46B	$27.76B	$27.75B	$17.88B	$9.07B	$3.66B
Shareholders' equity
Common stock & paid-in capital	−$406.0M	−$7.83B	—	—	$3.67B	−$5.83B	$1.45B	$2.01B	$1.08B
Accumulated other comprehensive income	−$556.5M	$9.17B	$5.79B	$5.87B	$3.67B	$7.00B	$5.90B	$10.49B	$1.33B
Minority interest	$9.64B	$10.77B	$11.34B	$10.95B	—	—	—	—	—
Total shareholders' equity	−$556.5M	$1.34B	$5.79B	$5.87B	$3.67B	$1.18B	$7.35B	$7.68B	$2.41B
Key figures
Total debt	$21.33B	$14.09B	$16.57B	$14.08B	$13.88B	$13.21B	$12.30B	$5.54B	$2.00B
Net cash (debt)	−$20.37B	−$13.70B	−$16.13B	−$13.64B	−$13.47B	−$12.86B	−$12.00B	−$5.45B	−$1.92B
Working capital	−$15.78B	−$8.14B	−$5.04B	−$3.83B	−$6.64B	−$8.26B	−$61.0M	$79.0M	$100.0M
Tangible book value	−$1.67B	$644.0M	$4.93B	$4.94B	$2.60B	−$26.0M	$6.16B	$6.86B	$1.51B
Book value per share	−$3.10	$9.25	$32.21	$34.10	$21.29	$6.84	$23.99	$25.08	$7.87
Shares outstanding	179.6M	144.9M	179.7M	172.2M	172.2M	172.2M	306.3M	306.3M	306.3M
Current ratio	0.26	0.28	0.40	0.47	0.26	0.16	0.96	1.10	1.30
Quick ratio	0.20	0.21	0.30	0.23	0.17	0.13	0.66	0.50	1.06
Debt / equity	—	10.51	2.86	2.40	3.79	11.23	1.67	0.72	0.83
Equity / assets	−0.9%	3.0%	11.7%	13.6%	8.7%	3.0%	20.5%	32.9%	27.9%

Brookfield Renewable Corporation quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	$717.0M	$967.1M	$963.6M	$522.0M	$523.0M	$483.0M	$392.0M	$495.0M	$389.0M	$513.0M	$629.0M	$624.0M
Cash & equivalents	$717.0M	$967.1M	$963.6M	$522.0M	$523.0M	$376.0M	$392.0M	$330.0M	$389.0M	$384.0M	$627.0M	$513.0M
Short-term investments	—	—	—	—	—	$107.0M	—	$165.0M	$244.0M	$129.0M	$2.0M	$111.0M
Receivables	$3.31B	$3.78B	$3.18B	$3.52B	$2.69B	$1.79B	$1.97B	$1.98B	$1.75B	$1.67B	$1.93B	$1.44B
Inventory	$32.0M	$46.1M	$43.9M	$51.0M	$49.0M	$38.0M	$35.0M	$30.0M	$24.0M	$27.0M	$65.0M	$23.0M
Other current assets	$3.16B	$3.54B	$1.22B	$1.82B	$445.0M	$488.0M	$719.0M	$1.94B	$786.0M	$558.0M	$674.0M	$626.0M
Total current assets	$7.22B	$8.34B	$5.40B	$5.92B	$3.70B	$2.80B	$3.11B	$4.45B	$2.95B	$2.77B	$3.30B	$2.72B
Property, plant & equipment (net)	$38.77B	$53.67B	$54.42B	$38.92B	$40.09B	$39.73B	$38.70B	$36.68B	$37.76B	$39.48B	$44.04B	$39.20B
Goodwill & intangible assets	$847.0M	$1.15B	$1.11B	$783.0M	$755.0M	$727.0M	$697.0M	$734.0M	$794.0M	$847.0M	$861.0M	$814.0M
Long-term investments	$999.0M	$948.0M	$1.01B	$966.0M	$816.0M	$774.0M	$753.0M	$631.0M	$637.0M	$911.0M	$644.0M	$554.0M
Other non-current assets	$833.0M	$1.48B	$1.48B	$723.0M	$666.0M	$929.0M	$869.0M	$386.0M	$474.0M	$228.0M	$580.0M	$512.0M
Total assets	$48.67B	$65.58B	$63.42B	$47.31B	$46.03B	$44.96B	$44.13B	$42.88B	$42.61B	$44.24B	$49.42B	$43.80B
Liabilities
Accounts payable	$282.0M	$344.7M	$463.3M	$359.0M	$134.0M	$137.0M	$172.0M	$215.0M	$125.0M	$132.0M	$640.0M	$470.0M
Short-term debt	$1.31B	$3.29B	$3.84B	$1.93B	$1.59B	$1.36B	$1.31B	$1.19B	$1.36B	$1.42B	$1.92B	$1.05B
Deferred revenue	—	—	—	—	—	—	—	—	—	$37.0M	$51.0M	$755.0M
Total current liabilities	$18.16B	$25.03B	$21.18B	$15.10B	$13.71B	$11.24B	$11.25B	$8.69B	$7.33B	$7.11B	$8.34B	$6.08B
Long-term debt	$14.14B	$12.67B	$12.49B	$12.77B	$12.80B	$14.11B	$12.49B	$13.77B	$14.17B	$13.10B	$14.18B	$12.74B
Lease obligations	$29.0M	$29.0M	$300.0M	$22.0M	$27.0M	$27.0M	$318.0M	$25.0M	$26.0M	$28.0M	$501.0M	$25.0M
Other long-term liabilities	$9.63B	$18.13B	$17.09B	$8.90B	$8.77B	$7.17B	$8.27B	$6.23B	$6.26B	$8.02B	$9.78B	$7.21B
Total liabilities	$41.92B	$55.84B	$50.77B	$36.78B	$35.28B	$32.52B	$32.02B	$28.69B	$27.77B	$28.22B	$32.29B	$26.04B
Shareholders' equity
Common stock & paid-in capital	—	—	−$406.0M	−$9.47B	—	−$7.83B	−$7.83B	−$3.86B	−$3.19B	−$3.09B	−$3.48B	−$2.59B
Accumulated other comprehensive income	—	−$20.19B	−$16.94B	$9.26B	−$14.60B	$9.27B	$9.17B	$8.96B	−$4.87B	$9.18B	$9.26B	$9.27B
Minority interest	$10.07B	$9.62B	$9.64B	$10.75B	$10.64B	—	—	—	—	—	—	—
Total shareholders' equity	−$3.32B	−$3.67B	−$556.5M	−$212.0M	$116.0M	$1.44B	$1.34B	$4.88B	$5.53B	$6.09B	$5.79B	$6.68B
Key figures
Total debt	$15.45B	$20.97B	$21.33B	$14.70B	$14.39B	$14.14B	$14.09B	$13.80B	$14.20B	$14.52B	$16.57B	$13.79B
Net cash (debt)	−$14.73B	−$20.00B	−$20.37B	−$14.18B	−$13.87B	−$13.65B	−$13.70B	−$13.30B	−$13.81B	−$14.01B	−$15.94B	−$13.17B
Working capital	−$10.93B	−$16.69B	−$15.78B	−$9.19B	−$10.01B	−$8.43B	−$8.14B	−$4.25B	−$4.39B	−$4.34B	−$5.04B	−$3.37B
Tangible book value	−$4.17B	−$4.82B	−$1.67B	−$995.0M	−$639.0M	$709.0M	$644.0M	$4.14B	$4.73B	$5.25B	$4.93B	$5.86B
Book value per share	−$18.22	−$20.13	−$3.10	−$1.18	$0.65	$9.91	$7.46	$27.14	$30.77	$33.93	$32.21	$37.16
Shares outstanding	182.4M	182.4M	179.6M	179.6M	179.6M	144.9M	179.6M	179.6M	179.6M	179.6M	179.7M	179.7M
Current ratio	0.40	0.33	0.26	0.39	0.27	0.25	0.28	0.51	0.40	0.39	0.40	0.45
Quick ratio	0.22	0.19	0.20	0.27	0.23	0.20	0.21	0.28	0.29	0.31	0.31	0.34
Debt / equity	—	—	—	—	124.04	9.85	10.51	2.83	2.57	2.38	2.86	2.07
Equity / assets	−6.8%	−5.6%	−0.9%	−0.4%	0.3%	3.2%	3.0%	11.4%	13.0%	13.8%	11.7%	15.2%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 27, 2026); data from EODHD.

BEPC financial position

At the end of fiscal 2025 (December 31, 2025), Brookfield Renewable had total assets of $63.4 billion (up 43.7% from a year earlier), total liabilities of $50.8 billion and shareholders' equity of -$556.5 million. It held $963.6 million in cash and short-term investments against $21.3 billion of debt, net debt of $20.4 billion. Its current ratio was 0.26. In the latest quarter (ended June 30, 2026) total assets were $48.7 billion and equity -$3.3 billion.

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

BEPC balance sheet FAQ

What are Brookfield Renewable's total assets?

Brookfield Renewable reported total assets of $63.4 billion at the end of fiscal 2025 (December 31, 2025), compared with $44.1 billion a year earlier.

How much debt does Brookfield Renewable have?

Brookfield Renewable had $21.3 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.

How much cash does Brookfield Renewable have?

Brookfield Renewable held $963.6 million in cash and short-term investments at the end of fiscal 2025; with $21.3 billion of debt that is net debt of $20.4 billion.

What is Brookfield Renewable's book value?

Brookfield Renewable's shareholders' equity (book value) was -$556.5 million at the end of fiscal 2025, or −$3.10 per share.

What is Brookfield Renewable's current ratio?

Brookfield Renewable had current assets of $5.4 billion and current liabilities of $21.2 billion, a current ratio of 0.26 (current liabilities exceed current assets).

How much goodwill does Brookfield Renewable have?

Brookfield Renewable carried $1.1 billion of goodwill and intangible assets, 1.7% of total assets, at the end of fiscal 2025.