Brookfield Infrastructure Partners L.P. (BIP) Balance Sheet
BIP balance sheet, 2025
December 31, 2025 · U.S. dollars$128.15B assets = $92.61B liabilities + $35.54B equity
Both columns are drawn to the same scale: what BIP owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BIP financial health
Descriptive bands, not a rating. Fiscal 2025.
BIP balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $21.27B2016 | $128.15B2025 | +22.1%/yr | |
| Total liabilities | $11.63B2016 | $92.61B2025 | +25.9%/yr | |
| Shareholders’ equity | $4.99B2016 | $5.62B2025 | +1.3%/yr | |
| Cash & short-term investments | $738.0M2016 | $2.33B2025 | +13.6%/yr | |
| Total debt | $8.33B2016 | $69.12B2025 | +26.5%/yr | |
| Net cash (debt) | −$7.59B2016 | −$66.78B2025 | −$59.2B | |
| Working capital | $117.0M2016 | −$3.28B2025 | −$3.4B | |
| Book value per share | $13.582016 | $12.212025 | −1.2%/yr | |
| Current ratio | 1.082016 | 0.782025 | −0.29 | |
| Debt / equity | 1.672016 | 12.302025 | +10.63 | |
| Shares outstanding | 367.1M2016 | 460.1M2025 | +2.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BIP assets
BIP liabilities and equity
BIP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BIP balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $2.33B | $2.43B | $2.44B | $1.28B | $1.41B | $867.0M | $827.0M | $764.0M | $374.0M | $738.0M |
| Cash & equivalents | $2.06B | $1.98B | $1.64B | $1.28B | $1.41B | $867.0M | $827.0M | $540.0M | $374.0M | $702.0M |
| Short-term investments | $274.0M | $451.0M | $801.0M | $1.13B | $556.0M | $574.0M | $167.0M | $224.0M | $196.0M | $36.0M |
| Receivables | $4.69B | $3.87B | $3.73B | $2.34B | $1.92B | $1.53B | $1.80B | $1.10B | $781.0M | $468.0M |
| Inventory | $583.0M | $454.0M | $512.0M | $531.0M | $400.0M | $221.0M | $242.0M | $141.0M | $108.0M | $101.0M |
| Other current assets | $4.37B | $2.85B | $1.29B | $0 | $0 | $0 | $0 | $0 | $0 | $325.0M |
| Total current assets | $11.98B | $9.61B | $7.98B | $1.28B | $1.41B | $867.0M | $827.0M | $764.0M | $374.0M | $1.63B |
| Property, plant & equipment (net) | $66.80B | $50.85B | $48.55B | $37.99B | $39.31B | $32.10B | $23.01B | $12.81B | $9.94B | $8.66B |
| Goodwill & intangible assets | $34.98B | $28.62B | $30.33B | $20.61B | $23.19B | $18.40B | $20.94B | $15.49B | $11.20B | $4.97B |
| Long-term investments | $6.60B | $6.06B | $5.81B | $6.11B | $5.20B | $5.95B | $5.07B | $4.66B | $5.62B | $4.79B |
| Other non-current assets | $7.80B | $9.46B | $8.11B | $6.98B | $4.85B | $4.01B | $6.46B | $2.85B | $2.35B | $1.23B |
| Total assets | $128.15B | $104.59B | $100.78B | $72.97B | $73.96B | $61.33B | $56.31B | $36.58B | $29.48B | $21.27B |
| Liabilities | ||||||||||
| Accounts payable | $2.51B | $2.15B | $2.25B | $1.87B | $1.88B | $1.46B | $854.0M | $463.0M | $246.0M | $266.0M |
| Short-term debt | $7.36B | $4.41B | $6.48B | $3.56B | $3.55B | $1.89B | $1.58B | $985.0M | $1.31B | $574.0M |
| Deferred revenue | $680.0M | $581.0M | $490.0M | $460.0M | $338.0M | $256.0M | $307.0M | $154.0M | $159.0M | $108.0M |
| Total current liabilities | $15.26B | $10.90B | $11.71B | $8.38B | $8.66B | $5.52B | $5.44B | $2.42B | $1.31B | $1.51B |
| Long-term debt | $61.78B | $51.97B | $43.11B | $30.26B | $29.56B | $25.24B | $21.26B | $14.14B | $9.72B | $7.77B |
| Lease obligations | $4.58B | $5.12B | $3.63B | $3.42B | $3.84B | $3.80B | $1.80B | — | — | — |
| Other long-term liabilities | $15.57B | $11.87B | $11.95B | $17.16B | $18.01B | $14.41B | $12.87B | $7.77B | $6.28B | $2.34B |
| Total liabilities | $92.61B | $74.74B | $66.77B | $47.41B | $47.57B | $39.66B | $34.13B | $21.91B | $16.00B | $11.63B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $6.20B | $6.21B | $6.20B | $6.09B | $6.07B | $5.53B | $5.50B | $4.91B | $4.91B | $4.21B |
| Retained earnings (deficit) | −$4.23B | −$3.98B | −$3.25B | −$2.66B | −$2.12B | −$2.29B | −$1.43B | −$856.0M | −$953.0M | −$483.0M |
| Accumulated other comprehensive income | $2.92B | $2.48B | $2.37B | $1.94B | $1.75B | $992.0M | $983.0M | −$1.85B | −$1.58B | $879.0M |
| Minority interest | $29.90B | $24.20B | $27.75B | $19.24B | — | — | — | — | — | — |
| Total shareholders' equity | $5.62B | $5.62B | $6.24B | $25.55B | $26.39B | $21.67B | $22.18B | $14.67B | $13.47B | $4.99B |
| Key figures | ||||||||||
| Total debt | $69.12B | $56.35B | $49.57B | $33.82B | $33.11B | $27.14B | $22.84B | $15.13B | $11.03B | $8.33B |
| Net cash (debt) | −$66.78B | −$53.92B | −$47.13B | −$32.54B | −$31.71B | −$26.27B | −$22.02B | −$14.36B | −$10.66B | −$7.59B |
| Working capital | −$3.28B | −$1.30B | −$3.73B | −$7.10B | −$7.25B | −$4.66B | −$4.61B | −$1.65B | −$939.0M | $117.0M |
| Tangible book value | −$29.36B | −$23.00B | −$24.09B | $4.94B | $3.20B | $3.27B | $1.24B | −$826.0M | $2.28B | $19.0M |
| Book value per share | $12.21 | $12.18 | $13.58 | $55.78 | $59.30 | $49.03 | $51.77 | $35.31 | $33.95 | $13.58 |
| Shares outstanding | 460.1M | 461.6M | 459.4M | 458.1M | 445.1M | 442.1M | 428.4M | 415.4M | 396.9M | 367.1M |
| Current ratio | 0.78 | 0.88 | 0.68 | 0.15 | 0.16 | 0.16 | 0.15 | 0.32 | 0.28 | 1.08 |
| Quick ratio | 0.46 | 0.58 | 0.53 | 0.43 | 0.38 | 0.43 | 0.48 | 0.77 | 0.88 | 0.80 |
| Debt / equity | 12.30 | 10.02 | 7.95 | 1.32 | 1.25 | 1.25 | 1.03 | 1.03 | 0.82 | 1.67 |
| Equity / assets | 4.4% | 5.4% | 6.2% | 35.0% | 35.7% | 35.3% | 39.4% | 40.1% | 45.7% | 23.4% |
| 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 | $3.51B | $2.82B | $2.33B | $3.34B | $2.58B | $1.76B | $2.43B | $2.16B | $2.24B | $2.65B | $2.44B | $2.25B |
| Cash & equivalents | $3.08B | $2.46B | $2.06B | $2.61B | $2.34B | $1.46B | $1.98B | $1.60B | $1.33B | $1.58B | $1.64B | $1.31B |
| Short-term investments | $427.0M | $361.0M | $274.0M | $729.0M | $240.0M | $301.0M | $451.0M | $561.0M | $915.0M | $1.07B | $801.0M | $943.0M |
| Receivables | $5.53B | $5.48B | $4.69B | $5.65B | $4.91B | $4.91B | $3.87B | $4.86B | $4.47B | $4.93B | $3.73B | $5.07B |
| Inventory | $558.0M | $576.0M | $583.0M | $583.0M | $470.0M | $430.0M | $454.0M | $467.0M | $477.0M | $486.0M | $512.0M | $490.0M |
| Other current assets | $0 | $0 | $4.37B | $2.30B | $4.20B | $743.0M | $2.85B | $0 | $270.0M | $407.0M | $1.29B | $0 |
| Total current assets | $4.42B | $8.87B | $11.98B | $11.88B | $12.17B | $7.85B | $9.61B | $7.49B | $7.46B | $8.47B | $7.98B | $7.81B |
| Property, plant & equipment (net) | $66.84B | $66.36B | $66.80B | $62.59B | $52.50B | $50.99B | $50.85B | $52.98B | $50.32B | $50.62B | $48.55B | $46.98B |
| Goodwill & intangible assets | $32.32B | $34.67B | $34.98B | $36.73B | $31.05B | $28.97B | $28.62B | $29.43B | $28.30B | $30.07B | $30.33B | $29.75B |
| Long-term investments | $6.98B | $6.37B | $6.60B | $5.28B | $5.37B | $5.63B | $6.06B | $5.92B | $6.12B | $6.03B | $5.81B | $5.89B |
| Other non-current assets | $11.38B | $8.23B | $7.80B | $7.83B | $7.61B | $10.22B | $9.46B | $9.42B | $8.71B | $8.07B | $8.11B | $7.31B |
| Total assets | $121.95B | $124.51B | $128.15B | $124.30B | $108.69B | $103.66B | $104.59B | $105.24B | $100.89B | $103.26B | $100.78B | $97.74B |
| Liabilities | ||||||||||||
| Accounts payable | $6.16B | $6.47B | $2.51B | $6.72B | $5.34B | $5.20B | $2.15B | $5.13B | $4.72B | $4.77B | $2.25B | $4.80B |
| Short-term debt | $4.83B | $6.06B | $7.36B | $5.38B | $5.26B | $4.15B | $4.41B | $4.31B | $4.11B | $5.45B | $6.48B | $5.96B |
| Deferred revenue | — | — | $680.0M | — | — | — | $581.0M | — | — | — | $490.0M | $490.0M |
| Total current liabilities | $12.30B | $12.97B | $15.26B | $13.99B | $13.77B | $10.18B | $10.90B | $9.78B | $9.21B | $10.70B | $11.71B | $11.09B |
| Long-term debt | $62.47B | $64.49B | $64.50B | $60.71B | $52.47B | $51.66B | $51.93B | $53.68B | $49.76B | $49.07B | $39.89B | $41.37B |
| Lease obligations | — | — | $4.58B | — | — | — | $5.12B | — | — | — | $3.63B | — |
| Other long-term liabilities | $14.65B | $12.81B | $12.85B | $15.13B | $12.81B | $12.04B | $11.90B | $12.28B | $11.82B | $10.87B | $15.17B | $11.30B |
| Total liabilities | $89.42B | $90.28B | $92.61B | $89.83B | $79.04B | $73.88B | $74.74B | $75.74B | $70.78B | $70.64B | $66.77B | $63.75B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $6.17B | $6.16B | $6.20B | $6.21B | $6.20B | $6.21B | $6.21B | $6.21B | $6.20B | $6.20B | $6.20B | $6.21B |
| Retained earnings (deficit) | −$4.86B | −$4.60B | −$4.23B | −$4.32B | −$4.34B | −$4.16B | −$3.98B | −$3.90B | −$3.62B | −$3.39B | −$3.25B | −$2.97B |
| Accumulated other comprehensive income | $1.71B | $1.66B | $1.53B | $1.50B | $1.46B | $2.53B | $2.48B | $2.33B | $2.32B | $2.35B | $2.37B | $1.40B |
| Minority interest | $27.36B | $28.86B | $29.90B | $29.11B | $24.36B | — | — | — | — | — | — | — |
| Total shareholders' equity | $5.14B | $5.34B | $5.62B | $5.33B | $5.27B | $5.50B | $5.62B | $5.56B | $5.82B | $6.08B | $6.24B | $6.31B |
| Key figures | ||||||||||||
| Total debt | $66.79B | $64.49B | $69.12B | $61.92B | $57.73B | $55.81B | $56.35B | $57.99B | $54.20B | $53.58B | $49.57B | $47.33B |
| Net cash (debt) | −$63.28B | −$61.67B | −$66.78B | −$58.58B | −$55.15B | −$54.05B | −$53.92B | −$55.83B | −$51.96B | −$50.93B | −$47.13B | −$45.08B |
| Working capital | −$7.88B | −$4.10B | −$3.28B | −$2.11B | −$1.60B | −$2.33B | −$1.30B | −$2.29B | −$1.75B | −$2.22B | −$3.73B | −$3.28B |
| Tangible book value | −$27.18B | −$29.33B | −$29.36B | −$31.39B | −$25.78B | −$23.46B | −$23.00B | −$23.87B | −$22.48B | −$23.99B | −$24.09B | −$23.44B |
| Book value per share | $11.24 | $11.62 | $12.21 | $11.56 | $11.42 | $11.92 | $12.17 | $12.04 | $12.60 | $13.18 | $13.52 | $13.76 |
| Shares outstanding | 457.6M | 459.8M | 460.1M | 461.3M | 461.3M | 461.6M | 461.9M | 461.7M | 461.5M | 461.4M | 461.3M | 458.8M |
| Current ratio | 0.36 | 0.68 | 0.78 | 0.85 | 0.88 | 0.77 | 0.88 | 0.77 | 0.81 | 0.79 | 0.68 | 0.70 |
| Quick ratio | 0.73 | 0.64 | 0.46 | 0.64 | 0.54 | 0.66 | 0.58 | 0.72 | 0.73 | 0.71 | 0.53 | 0.66 |
| Debt / equity | 12.99 | 12.07 | 12.30 | 11.61 | 10.96 | 10.14 | 10.02 | 10.43 | 9.32 | 8.81 | 7.95 | 7.50 |
| Equity / assets | 4.2% | 4.3% | 4.4% | 4.3% | 4.8% | 5.3% | 5.4% | 5.3% | 5.8% | 5.9% | 6.2% | 6.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 17, 2026); data from EODHD.
BIP financial position
At the end of fiscal 2025 (December 31, 2025), Brookfield Infrastructure Partners had total assets of $128.2 billion (up 22.5% from a year earlier), total liabilities of $92.6 billion and shareholders' equity of $5.6 billion. It held $2.3 billion in cash and short-term investments against $69.1 billion of debt, net debt of $66.8 billion. Its current ratio was 0.78. In the latest quarter (ended June 30, 2026) total assets were $121.9 billion and equity $5.1 billion.
Related: BIP income statement, BIP cash flow statement, BIP key metrics. See the BIP stock overview for the latest quote and news.
BIP balance sheet FAQ
What are Brookfield Infrastructure Partners's total assets?
Brookfield Infrastructure Partners reported total assets of $128.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $104.6 billion a year earlier.
How much debt does Brookfield Infrastructure Partners have?
Brookfield Infrastructure Partners had $69.1 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 12.30.
How much cash does Brookfield Infrastructure Partners have?
Brookfield Infrastructure Partners held $2.3 billion in cash and short-term investments at the end of fiscal 2025; with $69.1 billion of debt that is net debt of $66.8 billion.
What is Brookfield Infrastructure Partners's book value?
Brookfield Infrastructure Partners's shareholders' equity (book value) was $5.6 billion at the end of fiscal 2025, or $12.21 per share.
What is Brookfield Infrastructure Partners's current ratio?
Brookfield Infrastructure Partners had current assets of $12.0 billion and current liabilities of $15.3 billion, a current ratio of 0.78 (current liabilities exceed current assets).
How much goodwill does Brookfield Infrastructure Partners have?
Brookfield Infrastructure Partners carried $35.0 billion of goodwill and intangible assets, 27.3% of total assets, at the end of fiscal 2025.