Brookfield Infrastructure Corporation (BIPC) Balance Sheet

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

BIPC balance sheet, 2025

December 31, 2025 · U.S. dollars

$23.98B assets = $21.98B liabilities + $2.00B equity

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

BIPC financial health

Current ratio0.26

Tight · current assets cover current liabilities 0.26×

Equity / assets−5.4%

Thin equity · of assets funded by shareholders

Cash / debt3.3%

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

Goodwill & intangibles19.9%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

BIPC balance sheet trends, 2017–2025

Brookfield Infrastructure Corporation balance sheet trends
Metric	Then	Latest	Change
Total assets	$9.97B2017	$23.98B2025	+11.6%/yr
Total liabilities	$4.63B2017	$21.98B2025	+21.5%/yr
Shareholders’ equity	$2.04B2017	−$1.30B2025	—
Cash & short-term investments	$78.0M2017	$444.0M2025	+24.3%/yr
Total debt	$1.77B2017	$13.27B2025	+28.7%/yr
Net cash (debt)	−$1.69B2017	−$12.82B2025	−$11.1B
Working capital	$75.0M2017	−$5.67B2025	−$5.7B
Book value per share	$29.262017	−$10.892025	—
Current ratio	1.212017	0.262025	−0.95
Debt / equity	0.872017	1.152019	+0.29
Shares outstanding	69.8M2017	119.1M2025	+6.9%/yr

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

BIPC assets

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

BIPC liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

BIPC debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

BIPC balance sheet

Brookfield Infrastructure Corporation annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017
Assets
Cash & short-term investments	$444.0M	$742.0M	$577.0M	$502.0M	$469.0M	$192.0M	$204.0M	$99.0M	$78.0M
Cash & equivalents	$430.2M	$674.0M	$539.0M	$445.0M	$469.0M	$192.0M	$204.0M	$99.0M	$78.0M
Short-term investments	$13.0M	$68.0M	$38.0M	$57.0M	$0	—	—	—	—
Receivables	$2.46B	$2.03B	$2.18B	$1.01B	$1.50B	$345.0M	$356.0M	$328.0M	$340.0M
Inventory	$0	$0	−$1.29B	−$57.0M	−$45.9M	−$49.0M	$0	$0	$0
Other current assets	$0	$1.99B	$1.34B	$115.5M	$91.9M	$98.0M	$34.0M	$14.0M	$11.0M
Total current assets	$2.00B	$4.76B	$2.80B	$1.57B	$2.01B	$586.0M	$594.0M	$441.0M	$429.0M
Property, plant & equipment (net)	$14.17B	$12.57B	$14.15B	$4.72B	$4.80B	$5.11B	$4.50B	$3.68B	$3.39B
Goodwill & intangible assets	$4.78B	$4.50B	$5.42B	$3.37B	$3.18B	$3.48B	$4.60B	$4.96B	$6.01B
Long-term investments	$372.0M	$164.0M	$65.0M	$428.0M	$30.0M	$27.0M	$29.0M	$34.0M	$0
Other non-current assets	$2.65B	$1.59B	$1.46B	$100.0M	$67.0M	$144.0M	$130.0M	$130.0M	$148.0M
Total assets	$23.98B	$23.59B	$23.91B	$10.18B	$10.09B	$9.34B	$9.85B	$9.24B	$9.97B
Liabilities
Accounts payable	$1.21B	$67.0M	$85.0M	$44.0M	$39.0M	$84.0M	$90.0M	$67.0M	$61.0M
Short-term debt	$1.31B	$769.0M	$1.05B	$354.0M	$131.0M	$11.0M	$256.0M	$164.0M	—
Deferred revenue	—	$273.8M	$255.0M	$175.0M	$153.0M	$156.0M	$141.0M	$118.0M	—
Total current liabilities	$7.67B	$7.65B	$6.36B	$4.63B	$6.20B	$2.76B	$493.0M	$354.0M	$354.0M
Long-term debt	$11.96B	$11.51B	$11.01B	$4.58B	$3.69B	$4.62B	$3.53B	$3.25B	$0
Other long-term liabilities	$2.37B	$2.21B	$2.48B	$1.33B	$1.63B	$2.54B	$2.56B	$2.39B	$4.28B
Total liabilities	$21.98B	$21.36B	$19.84B	$10.54B	$11.51B	$9.92B	$6.58B	$5.99B	$4.63B
Shareholders' equity
Common stock & paid-in capital	$998,180	$1.0M	$392.0M	$53.0M	$53.0M	$53.0M	$431.0M	$681.0M	$1.36B
Retained earnings (deficit)	$267.5M	$509.0M	$1.11B	$900.6M	−$193.0M	$33.0M	$585.0M	$388.0M	$186.0M
Accumulated other comprehensive income	−$2.84B	$581.0M	$473.0M	−$3.08B	−$2.93B	−$2.88B	$1.39B	−$437.0M	$497.0M
Minority interest	$3.30B	$3.48B	$4.47B	$758.0M	—	—	—	—	—
Total shareholders' equity	−$1.30B	−$1.25B	−$399.0M	−$1.12B	−$2.13B	−$1.72B	$3.28B	$3.25B	$2.04B
Key figures
Total debt	$13.27B	$12.28B	$12.05B	$4.60B	$3.69B	$4.62B	$3.78B	$3.41B	$1.77B
Net cash (debt)	−$12.82B	−$11.54B	−$11.48B	−$4.10B	−$3.22B	−$4.43B	−$3.58B	−$3.31B	−$1.69B
Working capital	−$5.67B	−$2.88B	−$3.56B	−$3.07B	−$4.19B	−$2.17B	$101.0M	$87.0M	$75.0M
Tangible book value	−$6.08B	−$5.75B	−$5.82B	−$4.48B	−$5.30B	−$5.20B	−$1.33B	−$1.71B	−$3.96B
Book value per share	−$10.89	−$10.53	−$2.79	−$10.12	−$19.29	−$25.53	$68.27	$46.58	$29.26
Shares outstanding	119.1M	119.0M	143.0M	110.6M	110.2M	67.4M	48.0M	69.8M	69.8M
Current ratio	0.26	0.62	0.44	0.34	0.32	0.21	1.20	1.25	1.21
Quick ratio	0.38	0.36	0.43	0.33	0.32	0.19	1.14	1.21	1.18
Debt / equity	—	—	—	—	—	—	1.15	1.05	0.87
Equity / assets	−5.4%	−5.3%	−1.7%	−11.0%	−21.1%	−18.4%	33.3%	35.2%	20.5%

Brookfield Infrastructure 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	$690.0M	$609.0M	$444.0M	$438.0M	$1.28B	$274.0M	$742.0M	$278.0M	$509.0M	$399.0M	$574.0M	$340.0M
Cash & equivalents	$690.0M	$589.0M	$431.0M	$380.0M	$1.22B	$274.0M	$674.0M	$245.0M	$466.0M	$355.0M	$536.2M	$241.0M
Short-term investments	$75.0M	$20.0M	$13.0M	$58.0M	$60.0M	$29.0M	$68.0M	$33.0M	$43.0M	$44.0M	$38.0M	$99.0M
Receivables	$854.0M	$2.55B	$2.46B	$2.52B	$2.34B	$2.56B	$2.03B	$2.62B	$2.56B	$2.71B	$888.0M	$2.57B
Inventory	$0	$0	$0	$0	$0	$0	$0	$0	−$1.68B	−$1.83B	−$1.83B	−$1.29B
Other current assets	$2.80B	$0	$45.0M	$0	$0	$29.0M	$1.99B	$0	$1.68B	$1.83B	$3.15B	$1.29B
Total current assets	$4.34B	$3.16B	$2.95B	$2.96B	$3.62B	$2.87B	$4.76B	$2.90B	$3.06B	$3.11B	$2.79B	$2.91B
Property, plant & equipment (net)	$13.52B	$14.11B	$14.20B	$13.99B	$13.22B	$12.72B	$12.57B	$14.64B	$14.00B	$14.03B	$14.08B	$13.78B
Goodwill & intangible assets	$4.95B	$4.92B	$4.78B	$4.91B	$4.82B	$4.69B	$4.50B	$4.98B	$4.92B	$5.29B	$5.42B	$5.39B
Long-term investments	$275.0M	$273.0M	$372.0M	$375.0M	$686.0M	$605.0M	$164.0M	$90.0M	$144.0M	$0	$65.0M	$99.0M
Other non-current assets	$1.46B	$1.74B	$1.73B	$1.76B	$1.57B	$1.69B	$1.59B	$1.52B	$1.53B	$1.47B	$1.44B	$1.43B
Total assets	$24.54B	$24.21B	$24.02B	$23.99B	$23.91B	$22.57B	$23.59B	$24.13B	$23.66B	$23.90B	$23.79B	$23.61B
Liabilities
Accounts payable	$1.17B	$1.06B	$102.0M	$1.13B	$1.20B	$956.0M	$67.0M	$1.18B	$965.0M	$888.0M	$85.0M	$1.30B
Short-term debt	$658.0M	$1.38B	$1.31B	$1.19B	$1.20B	$604.0M	$769.0M	$900.0M	$567.0M	$1.06B	$1.05B	$1.34B
Deferred revenue	—	—	$278.0M	—	—	—	—	$255.0M	−$3.72B	−$4.14B	$255.0M	$255.0M
Total current liabilities	$8.15B	$7.82B	$7.67B	$7.15B	$7.31B	$5.95B	$7.65B	$6.74B	$5.20B	$6.12B	$6.36B	$6.59B
Long-term debt	$12.13B	$12.06B	$11.96B	$12.30B	$12.05B	$12.16B	$11.51B	$13.34B	$13.09B	$13.50B	$11.01B	$10.71B
Other long-term liabilities	$0	$2.42B	$2.40B	$2.35B	$2.34B	$1.64B	$2.21B	$1.58B	$1.84B	$1.37B	$2.48B	$2.35B
Total liabilities	$22.74B	$22.30B	$22.02B	$21.80B	$21.70B	$19.75B	$21.36B	$21.65B	$20.13B	$20.99B	$19.84B	$19.64B
Shareholders' equity
Common stock & paid-in capital	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$392.0M	$392.0M	$392.0M	$392.0M	$392.0M
Retained earnings (deficit)	$73.0M	$156.0M	$268.0M	$503.0M	$421.0M	$898.0M	$509.0M	$659.0M	$1.64B	$1.14B	$1.11B	$1.34B
Accumulated other comprehensive income	$730.0M	$727.0M	$776.0M	$640.0M	$684.0M	$605.0M	$581.0M	$564.0M	$500.0M	−$1.91B	−$3.00B	$330.0M
Minority interest	$3.34B	$3.37B	$3.30B	$3.40B	$3.45B	—	—	—	—	—	—	—
Total shareholders' equity	−$1.54B	−$1.46B	−$1.30B	−$1.20B	−$1.24B	−$840.0M	−$1.25B	−$764.0M	$149.0M	−$379.0M	−$399.0M	−$315.0M
Key figures
Total debt	$12.79B	$13.44B	$13.27B	$13.49B	$13.25B	$12.16B	$12.28B	$13.44B	$13.19B	$13.52B	$12.05B	$12.05B
Net cash (debt)	−$12.10B	−$12.83B	−$12.82B	−$13.05B	−$11.97B	−$11.88B	−$11.54B	−$13.16B	−$12.68B	−$13.12B	−$11.48B	−$11.71B
Working capital	−$3.81B	−$4.66B	−$4.72B	−$4.19B	−$3.69B	−$3.08B	−$2.88B	−$3.84B	−$2.13B	−$3.01B	−$3.57B	−$3.68B
Tangible book value	−$6.49B	−$6.38B	−$6.08B	−$6.11B	−$6.06B	−$5.53B	−$5.75B	−$5.74B	−$4.77B	−$5.67B	−$5.82B	−$5.71B
Book value per share	−$12.52	−$10.98	−$10.91	−$10.08	−$10.40	−$7.05	−$10.52	−$5.34	$1.04	−$2.87	−$2.79	−$2.20
Shares outstanding	123.0M	133.0M	119.1M	119.1M	119.1M	119.1M	119.1M	143.1M	143.1M	131.9M	143.0M	142.9M
Current ratio	0.53	0.40	0.38	0.41	0.50	0.48	0.62	0.43	0.59	0.51	0.44	0.44
Quick ratio	0.19	0.40	0.38	0.41	0.50	0.48	0.36	0.43	0.59	0.51	0.23	0.44
Debt / equity	—	—	—	—	—	—	—	—	88.51	—	—	—
Equity / assets	−6.3%	−6.0%	−5.4%	−5.0%	−5.2%	−3.7%	−5.3%	−3.2%	0.6%	−1.6%	−1.7%	−1.3%

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.

BIPC financial position

At the end of fiscal 2025 (December 31, 2025), Brookfield Infrastructure had total assets of $24.0 billion (up 1.7% from a year earlier), total liabilities of $22.0 billion and shareholders' equity of -$1.3 billion. It held $444.0 million in cash and short-term investments against $13.3 billion of debt, net debt of $12.8 billion. Its current ratio was 0.26. In the latest quarter (ended June 30, 2026) total assets were $24.5 billion and equity -$1.5 billion.

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

BIPC balance sheet FAQ

What are Brookfield Infrastructure's total assets?

Brookfield Infrastructure reported total assets of $24.0 billion at the end of fiscal 2025 (December 31, 2025), compared with $23.6 billion a year earlier.

How much debt does Brookfield Infrastructure have?

Brookfield Infrastructure had $13.3 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was —.

How much cash does Brookfield Infrastructure have?

Brookfield Infrastructure held $444.0 million in cash and short-term investments at the end of fiscal 2025; with $13.3 billion of debt that is net debt of $12.8 billion.

What is Brookfield Infrastructure's book value?

Brookfield Infrastructure's shareholders' equity (book value) was -$1.3 billion at the end of fiscal 2025, or −$10.89 per share.

What is Brookfield Infrastructure's current ratio?

Brookfield Infrastructure had current assets of $2.0 billion and current liabilities of $7.7 billion, a current ratio of 0.26 (current liabilities exceed current assets).

How much goodwill does Brookfield Infrastructure have?

Brookfield Infrastructure carried $4.8 billion of goodwill and intangible assets, 19.9% of total assets, at the end of fiscal 2025.