CAE Inc. (CAE) Balance Sheet

NYSE: CAEAssets, liabilities, debt and equity over 10 years.

CAE balance sheet, FY2026

March 31, 2026 · Canadian dollars

C$11.18B assets = C$5.77B liabilities + C$5.40B equity

What it ownsC$11.18BCash & ST investments: C$553.8M (5.0%)Receivables: C$1.17B (10.5%)Receivables C$1.17BInventory: C$456.0M (4.1%)Other current: C$87.1M (0.8%)PP&E: C$3.75B (33.5%)PP&EC$3.75B · 34%Goodwill & intangibles: C$3.70B (33.1%)Goodwill & intangiblesC$3.70B · 33%LT investments: C$572.7M (5.1%)Other non-current: C$885.1M (7.9%)Other non-current C$885.1M=How it is financedC$11.18BCurrent liabilities: C$2.37B (21.2%)Current liabilitiesC$2.37B · 21%Long-term debt: C$2.29B (20.5%)Long-term debtC$2.29B · 20%Other LT liabilities: C$1.12B (10.0%)C$1.12BShareholders’ equity: C$5.40B (48.3%)Shareholders’ equityC$5.40B · 48%

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

CAE financial health

Current ratio0.96
Tight · current assets cover current liabilities 0.96×
Debt / equity0.61
Moderate leverage · C$0.61 of debt for each $1 of equity
Equity / assets47.6%
Equity-funded · of assets funded by shareholders
Cash / debt17.0%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles33.1%
Acquisition-heavy · of total assets

Descriptive bands, not a rating. Fiscal FY2026.

CAE balance sheet trends, FY2017–FY2026

MetricTrendThenLatestChange
Total assetsC$5.35BFY2017C$11.18BFY2026+8.5%/yr
Total liabilitiesC$3.27BFY2017C$5.77BFY2026+6.5%/yr
Shareholders’ equityC$2.02BFY2017C$5.32BFY2026+11.4%/yr
Cash & short-term investmentsC$504.7MFY2017C$553.8MFY2026+1.0%/yr
Total debtC$1.26BFY2017C$3.26BFY2026+11.2%/yr
Net cash (debt)−C$750.7MFY2017−C$2.70BFY2026−C$2.0B
Working capitalC$645.8MFY2017−C$96.3MFY2026−C$742.1M
Current ratio1.51FY20170.96FY2026−0.55
Debt / equity0.62FY20170.61FY2026−0.01
Shares outstanding269.6MFY2017322.2MFY2026+2.0%/yr

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

CAE assets

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

CAE liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

CAE debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

CAE balance sheet in Canadian dollars

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Assets
Cash & short-term investmentsC$553.8MC$293.7MC$160.1MC$217.6MC$346.1MC$926.1MC$665.0MC$446.1MC$611.5MC$504.7M
Cash & equivalentsC$553.8MC$293.7MC$160.1MC$217.6MC$346.1MC$926.1MC$665.0MC$446.1MC$611.5MC$504.7M
Short-term investments———————C$0C$0C$23.4M
ReceivablesC$1.17BC$1.15BC$1.20BC$1.36BC$1.20BC$1.02BC$819.1MC$933.2MC$823.2MC$911.5M
InventoryC$456.0MC$595.0MC$573.6MC$583.4MC$519.8MC$647.8MC$432.9MC$537.0MC$375.3MC$416.3M
Other current assetsC$87.1MC$101.7MC$75.2MC$76.2MC$84.3MC$784.5MC$56.3MC$196.6MC$250.8MC$87.2M
Total current assetsC$2.27BC$2.14BC$2.01BC$2.23BC$2.15BC$3.38BC$1.97BC$2.11BC$2.06BC$1.92B
Property, plant & equipment (net)C$3.75BC$3.78BC$3.09BC$2.84BC$2.50BC$2.28BC$1.79BC$2.15BC$1.80BC$1.58B
Goodwill & intangible assetsC$3.70BC$3.87BC$3.27BC$4.05BC$3.80BC$2.06BC$1.44BC$2.03BC$1.06BC$944.0M
Long-term investmentsC$572.7MC$559.1MC$588.8MC$530.7MC$454.0MC$422.2MC$460.6MC$312.1MC$244.5MC$378.4M
Other non-current assetsC$885.1MC$859.3MC$875.5MC$775.3MC$677.6MC$613.9MC$290.2MC$563.3MC$554.4MC$530.1M
Total assetsC$11.18BC$11.21BC$9.83BC$10.44BC$9.58BC$8.75BC$5.96BC$7.17BC$5.72BC$5.35B
Liabilities
Accounts payableC$508.4MC$701.0MC$561.7MC$522.1MC$436.2MC$461.9MC$379.2MC$461.1MC$313.3MC$332.4M
Short-term debtC$265.5MC$399.0MC$308.9MC$214.6MC$241.8MC$216.3MC$146.9MC$326.9MC$52.2MC$72.6M
Deferred revenueC$1.09BC$1.00BC$911.7MC$905.7MC$788.3MC$684.4MC$534.9MC$681.8MC$533.3MC$458.5M
Total current liabilitiesC$2.37BC$2.69BC$2.36BC$2.25BC$2.09BC$2.63BC$1.45BC$1.89BC$1.32BC$1.27B
Long-term debtC$2.29BC$3.07BC$2.77BC$3.04BC$2.80BC$2.14BC$3.11BC$2.06BC$1.21BC$1.20B
Lease obligationsC$762.2MC$792.1MC$551.9MC$455.9MC$395.0MC$347.2MC$487.8MC$62.8MC$17.0MC$20.7M
Other long-term liabilitiesC$1.12BC$479.9MC$407.7MC$565.4MC$596.6MC$767.1MC$0C$801.8MC$823.3MC$796.4M
Total liabilitiesC$5.77BC$6.24BC$5.53BC$5.85BC$5.49BC$5.54BC$4.15BC$4.76BC$3.35BC$3.27B
Shareholders' equity
Common stock & paid-in capitalC$2.39BC$2.33BC$2.25BC$2.24BC$2.22BC$1.52BC$477.4MC$649.6MC$633.2MC$615.4M
Retained earnings (deficit)C$2.49BC$2.11BC$1.76BC$2.05BC$1.78BC$1.54BC$1.12BC$1.46BC$1.38BC$1.19B
Treasury stock———————C$0C$0C$0
Accumulated other comprehensive incomeC$348.1MC$381.8MC$154.0MC$167.2M−C$31.2MC$58.1MC$135.7MC$199.0MC$262.3MC$193.7M
Minority interestC$83.3MC$84.5MC$77.7MC$81.2M———C$0C$0C$0
Total shareholders' equityC$5.32BC$4.89BC$4.22BC$4.51BC$4.01BC$3.14BC$1.75BC$2.33BC$2.30BC$2.02B
Key figures
Total debtC$3.26BC$3.47BC$3.07BC$3.25BC$3.05BC$2.35BC$2.43BC$2.33BC$1.26BC$1.26B
Net cash (debt)−C$2.70B−C$3.18B−C$2.91B−C$3.03B−C$2.70B−C$1.43B−C$1.76B−C$1.88B−C$649.4M−C$750.7M
Working capital−C$96.3M−C$542.9M−C$351.9M−C$11.7MC$57.4MC$745.3MC$524.3MC$223.4MC$740.2MC$645.8M
Tangible book valueC$1.62BC$1.02BC$953.0MC$456.9MC$213.4MC$1.08BC$304.4MC$303.4MC$1.24BC$1.08B
Shares outstanding322.2M319.7M318.2M318.4M312.9M272.0M267.6M268.0M269.5M269.6M
Current ratio0.960.800.850.991.031.281.361.121.561.51
Quick ratio0.730.540.580.700.740.741.020.731.091.11
Debt / equity0.610.710.730.720.760.751.391.000.550.62
Equity / assets47.6%43.6%43.0%43.2%41.9%35.9%29.3%32.5%40.2%37.7%

Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported (latest annual report filed June 22, 2026); data from EODHD.

CAE financial position

At the end of fiscal 2026 (March 31, 2026), CAE had total assets of C$11.2 billion (down 0.3% from a year earlier), total liabilities of C$5.8 billion and shareholders' equity of C$5.3 billion. It held C$553.8 million in cash and short-term investments against C$3.3 billion of debt, net debt of C$2.7 billion. Its current ratio was 0.96. In the latest quarter (ended June 30, 2026) total assets were C$11.2 billion and equity C$5.4 billion.

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

CAE balance sheet FAQ

What are CAE's total assets?

CAE reported total assets of C$11.2 billion at the end of fiscal 2026 (March 31, 2026), compared with C$11.2 billion a year earlier.

How much debt does CAE have?

CAE had C$3.3 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.61.

How much cash does CAE have?

CAE held C$553.8 million in cash and short-term investments at the end of fiscal 2026; with C$3.3 billion of debt that is net debt of C$2.7 billion.

What is CAE's book value?

CAE's shareholders' equity (book value) was C$5.3 billion at the end of fiscal 2026.

What is CAE's current ratio?

CAE had current assets of C$2.3 billion and current liabilities of C$2.4 billion, a current ratio of 0.96 (current liabilities exceed current assets).

How much goodwill does CAE have?

CAE carried C$3.7 billion of goodwill and intangible assets, 33.1% of total assets, at the end of fiscal 2026.

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