Cameco Corporation (CCJ) Balance Sheet
CCJ balance sheet, 2025
December 31, 2025 · Canadian dollarsC$10.29B assets = C$3.40B liabilities + C$6.90B equity
Both columns are drawn to the same scale: what CCJ owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CCJ financial health
Current ratio2.47
Comfortable · current assets cover current liabilities 2.47×
Debt / equity0.15
Low leverage · C$0.15 of debt for each $1 of equity
Equity / assets67.0%
Equity-funded · of assets funded by shareholders
Cash / debt118.7%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles0.4%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
CCJ balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | C$8.25B2016 | C$10.29B2025 | +2.5%/yr | |
| Total liabilities | C$2.99B2016 | C$3.40B2025 | +1.4%/yr | |
| Shareholders’ equity | C$5.26B2016 | C$6.90B2025 | +3.1%/yr | |
| Cash & short-term investments | C$320.3M2016 | C$1.21B2025 | +16.0%/yr | |
| Total debt | C$1.49B2016 | C$1.02B2025 | −4.1%/yr | |
| Net cash (debt) | −C$1.17B2016 | C$191.4M2025 | +C$1.4B | |
| Working capital | C$1.57B2016 | C$1.57B2025 | −C$4.8M | |
| Current ratio | 4.352016 | 2.472025 | −1.89 | |
| Debt / equity | 0.282016 | 0.152025 | −0.14 | |
| Shares outstanding | 395.8M2016 | 435.6M2025 | +1.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CCJ assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
CCJ liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
CCJ debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CCJ balance sheet in Canadian dollars
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | C$1.21B | C$600.5M | C$566.8M | C$2.04B | C$1.10B | C$753.2M | C$866.7M | C$1.10B | C$591.6M | C$320.3M |
| Cash & equivalents | C$1.11B | C$600.5M | C$566.8M | C$904.7M | C$1.01B | C$728.2M | C$866.7M | C$711.5M | C$591.6M | C$320.3M |
| Short-term investments | C$99.5M | C$0 | C$0 | C$1.14B | C$84.9M | C$25.0M | C$0 | C$391.0M | C$0 | C$0 |
| Receivables | C$372.0M | C$309.6M | C$433.5M | C$217.2M | C$304.3M | C$231.9M | C$338.3M | C$423.2M | C$444.3M | C$264.5M |
| Inventory | C$843.3M | C$972.3M | C$841.6M | C$822.6M | C$504.9M | C$769.8M | C$406.3M | C$557.0M | C$1.10B | C$1.46B |
| Other current assets | C$208.3M | C$40.9M | C$0 | C$239.0M | C$233.3M | C$190.1M | C$195.7M | C$0 | C$0 | C$0 |
| Total current assets | C$2.64B | C$1.92B | C$1.84B | C$3.32B | C$2.14B | C$1.95B | C$1.81B | C$2.08B | C$2.14B | C$2.04B |
| Property, plant & equipment (net) | C$3.32B | C$3.29B | C$3.37B | C$3.47B | C$3.58B | C$3.77B | C$3.72B | C$3.88B | C$4.19B | C$4.66B |
| Goodwill & intangible assets | C$36.1M | C$39.8M | C$43.6M | C$47.1M | C$51.2M | C$55.8M | C$60.4M | C$65.6M | C$70.0M | C$203.3M |
| Long-term investments | C$2.99B | C$3.22B | C$3.79B | C$211.0M | C$233.2M | C$219.7M | C$252.7M | C$230.5M | C$0 | C$0 |
| Other non-current assets | C$1.31B | C$1.44B | C$892.9M | C$1.58B | C$1.52B | C$1.59B | C$1.59B | C$1.76B | C$1.38B | C$1.35B |
| Total assets | C$10.29B | C$9.91B | C$9.93B | C$8.63B | C$7.52B | C$7.58B | C$7.43B | C$8.02B | C$7.78B | C$8.25B |
| Liabilities | ||||||||||
| Accounts payable | C$190.6M | C$129.8M | C$368.8M | C$250.0M | C$213.4M | C$137.2M | C$100.4M | C$123.2M | C$177.0M | C$213.5M |
| Short-term debt | C$3.3M | C$289.2M | C$499.8M | C$2.7M | C$2.7M | C$26.1M | C$4.0M | C$499.6M | C$0 | C$0 |
| Deferred revenue | — | — | C$24.1M | −C$2.7M | −C$2.7M | C$114.4M | −C$4.0M | C$19.6M | — | — |
| Total current liabilities | C$1.07B | C$1.19B | C$1.19B | C$560.8M | C$413.7M | C$303.8M | C$277.4M | C$875.9M | C$411.0M | C$469.3M |
| Long-term debt | C$996.3M | C$995.6M | C$1.28B | C$997.0M | C$996.2M | C$1.00B | C$1.01B | C$996.1M | C$1.49B | C$1.49B |
| Lease obligations | — | — | — | — | — | — | C$0 | C$0 | C$0 | C$0 |
| Other long-term liabilities | C$1.33B | C$1.36B | C$1.37B | C$1.24B | C$1.26B | C$1.31B | C$1.15B | C$1.15B | C$1.01B | C$1.03B |
| Total liabilities | C$3.40B | C$3.54B | C$3.84B | C$2.80B | C$2.67B | C$2.62B | C$2.43B | C$3.03B | C$2.92B | C$2.99B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | C$2.94B | C$2.94B | C$2.91B | C$2.88B | C$1.90B | C$1.87B | C$1.86B | C$1.86B | C$1.86B | C$1.86B |
| Retained earnings (deficit) | C$3.61B | C$3.10B | C$2.98B | C$2.70B | C$2.64B | C$2.74B | C$2.83B | C$2.79B | C$2.65B | C$3.02B |
| Treasury stock | — | — | — | — | — | — | C$0 | C$0 | C$0 | C$0 |
| Accumulated other comprehensive income | C$144.8M | C$118.9M | −C$15.3M | C$34.7M | C$72.8M | C$115.5M | C$71.7M | −C$5.13B | −C$4.95B | −C$4.52B |
| Minority interest | C$15,000 | C$26,000 | C$4,000 | C$11,000 | — | — | C$0 | C$0 | C$0 | C$0 |
| Total shareholders' equity | C$6.90B | C$6.36B | C$6.09B | C$5.84B | C$4.85B | C$4.96B | C$4.99B | C$4.99B | C$4.86B | C$5.26B |
| Key figures | ||||||||||
| Total debt | C$1.02B | C$1.30B | C$1.79B | C$999.7M | C$999.0M | C$1.03B | C$1.01B | C$1.50B | C$1.49B | C$1.49B |
| Net cash (debt) | C$191.4M | −C$695.5M | −C$1.23B | C$1.04B | C$100.1M | −C$276.4M | −C$146.9M | −C$393.1M | −C$902.9M | −C$1.17B |
| Working capital | C$1.57B | C$737.4M | C$652.8M | C$2.76B | C$1.73B | C$1.64B | C$1.53B | C$1.21B | C$1.72B | C$1.57B |
| Tangible book value | C$6.86B | C$6.32B | C$6.05B | C$5.79B | C$4.79B | C$4.90B | C$4.93B | C$4.93B | C$4.79B | C$5.06B |
| Shares outstanding | 435.6M | 436.0M | 435.4M | 407.1M | 397.6M | 395.8M | 396.1M | 396.1M | 395.8M | 395.8M |
| Current ratio | 2.47 | 1.62 | 1.55 | 5.92 | 5.18 | 6.40 | 6.51 | 2.38 | 5.20 | 4.35 |
| Quick ratio | 1.48 | 0.77 | 0.84 | 4.03 | 3.39 | 3.24 | 4.34 | 1.74 | 2.52 | 1.25 |
| Debt / equity | 0.15 | 0.20 | 0.29 | 0.17 | 0.21 | 0.21 | 0.20 | 0.30 | 0.31 | 0.28 |
| Equity / assets | 67.0% | 64.2% | 61.3% | 67.6% | 64.5% | 65.4% | 67.3% | 62.3% | 62.5% | 63.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | C$1.11B | C$797.8M | C$1.21B | C$778.7M | C$361.5M | C$600.5M | C$160.5M | C$361.6M | C$323.2M | C$566.8M | C$2.67B |
| Cash & equivalents | C$1.11B | C$772.9M | C$1.11B | C$778.7M | C$361.5M | C$600.5M | C$160.5M | C$361.6M | C$323.2M | C$566.8M | C$2.67B |
| Short-term investments | C$0 | C$24.9M | C$99.5M | — | — | C$0 | — | — | — | C$0 | C$0 |
| Receivables | C$354.3M | C$140.4M | C$372.0M | C$190.9M | C$185.4M | C$309.6M | C$312.2M | C$172.9M | C$206.8M | C$433.5M | C$297.7M |
| Inventory | C$767.4M | C$518.6M | C$843.3M | C$900.0M | C$953.2M | C$972.3M | C$1.01B | C$972.7M | C$915.1M | C$841.6M | C$649.5M |
| Other current assets | C$209.9M | C$151.9M | C$208.3M | C$18.9M | C$0 | C$40.9M | C$36.6M | C$42.6M | C$25.5M | C$0 | C$64.0M |
| Total current assets | C$2.44B | C$1.61B | C$2.64B | C$1.89B | C$1.50B | C$1.92B | C$1.52B | C$1.55B | C$1.47B | C$1.84B | C$3.68B |
| Property, plant & equipment (net) | C$3.43B | C$2.42B | C$3.32B | C$3.31B | C$3.28B | C$3.29B | C$3.30B | C$3.30B | C$3.32B | C$3.37B | C$3.32B |
| Goodwill & intangible assets | C$34.2M | C$25.3M | C$36.1M | C$37.1M | C$39.1M | C$39.8M | C$40.7M | C$41.5M | C$42.7M | C$43.6M | C$44.4M |
| Long-term investments | C$2.91B | C$3.02B | C$2.99B | C$3.14B | C$3.18B | C$3.22B | C$2.99B | C$3.03B | C$3.19B | C$3.79B | C$194.8M |
| Other non-current assets | C$1.49B | C$196.6M | C$1.31B | C$1.36B | C$1.39B | C$1.44B | C$1.44B | C$1.46B | C$1.48B | C$892.9M | C$1.48B |
| Total assets | C$10.30B | C$7.27B | C$10.29B | C$9.74B | C$9.38B | C$9.91B | C$9.29B | C$9.38B | C$9.50B | C$9.93B | C$8.72B |
| Liabilities | |||||||||||
| Accounts payable | C$504.4M | C$316.6M | C$870.6M | C$402.7M | C$346.2M | C$129.8M | C$367.4M | C$253.2M | C$376.7M | C$368.8M | C$261.8M |
| Short-term debt | — | — | C$3.3M | C$0 | C$0 | C$289.2M | C$0 | — | C$499.9M | C$499.8M | C$499.7M |
| Deferred revenue | — | — | — | — | — | — | — | — | C$84.3M | C$24.1M | C$64.1M |
| Total current liabilities | C$798.8M | C$522.7M | C$1.07B | C$631.4M | C$554.6M | C$1.19B | C$527.9M | C$481.2M | C$1.03B | C$1.19B | C$956.4M |
| Long-term debt | C$996.8M | C$996.5M | C$996.3M | C$996.2M | C$995.7M | C$995.6M | C$1.26B | C$1.40B | C$1.03B | C$1.28B | C$497.9M |
| Other long-term liabilities | C$1.37B | C$667.0M | C$1.33B | C$1.33B | C$1.34B | C$1.36B | C$1.29B | C$1.30B | C$1.33B | C$1.37B | C$1.16B |
| Total liabilities | C$3.16B | C$2.19B | C$3.40B | C$2.96B | C$2.89B | C$3.54B | C$3.08B | C$3.19B | C$3.39B | C$3.84B | C$2.61B |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | C$2.94B | C$2.11B | C$2.94B | C$2.94B | C$2.94B | C$2.94B | C$2.93B | C$2.93B | C$2.91B | C$2.91B | C$2.91B |
| Retained earnings (deficit) | C$3.77B | C$2.69B | C$3.61B | C$3.49B | C$3.17B | C$3.10B | C$3.02B | C$3.01B | C$2.97B | C$2.98B | C$2.98B |
| Accumulated other comprehensive income | C$238.5M | C$141.8M | C$144.8M | C$144.7M | — | C$118.9M | — | C$45.4M | C$14.7M | −C$15.3M | C$9.5M |
| Minority interest | C$38,000 | C$14,000 | C$15,000 | C$18,000 | C$14,000 | — | — | — | — | — | — |
| Total shareholders' equity | C$7.14B | C$5.08B | C$6.90B | C$6.78B | C$6.49B | C$6.36B | C$6.21B | C$6.19B | C$6.11B | C$6.09B | C$6.11B |
| Key figures | |||||||||||
| Total debt | C$1.01B | C$716.4M | C$1.02B | C$1.01B | C$1.01B | C$1.30B | C$1.26B | C$1.57B | C$1.71B | C$1.79B | C$1.13B |
| Net cash (debt) | C$103.9M | C$81.4M | C$191.4M | −C$228.5M | −C$644.2M | −C$695.5M | −C$1.10B | −C$1.21B | −C$1.39B | −C$1.23B | C$1.54B |
| Working capital | C$1.65B | C$1.09B | C$1.57B | C$1.26B | C$945.6M | C$737.4M | C$990.3M | C$1.07B | C$437.7M | C$652.8M | C$2.72B |
| Tangible book value | C$7.10B | C$5.05B | C$6.86B | C$6.74B | C$6.45B | C$6.32B | C$6.17B | C$6.15B | C$6.07B | C$6.05B | C$6.07B |
| Shares outstanding | 435.6M | 435.6M | 435.5M | 435.4M | 435.5M | 436.4M | 435.5M | 436.0M | 434.2M | 434.2M | 435.1M |
| Current ratio | 3.06 | 3.08 | 2.47 | 2.99 | 2.71 | 1.62 | 2.88 | 3.22 | 1.42 | 1.55 | 3.85 |
| Quick ratio | 1.84 | 1.80 | 1.48 | 1.54 | 0.99 | 0.77 | 0.90 | 1.11 | 0.51 | 0.84 | 3.10 |
| Debt / equity | 0.14 | 0.14 | 0.15 | 0.15 | 0.15 | 0.20 | 0.20 | 0.25 | 0.28 | 0.29 | 0.18 |
| Equity / assets | 69.3% | 69.9% | 67.0% | 69.6% | 69.2% | 64.2% | 66.9% | 66.0% | 64.3% | 61.3% | 70.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported (latest annual report filed March 19, 2026); data from EODHD.
CCJ financial position
At the end of fiscal 2025 (December 31, 2025), Cameco had total assets of C$10.3 billion (up 3.9% from a year earlier), total liabilities of C$3.4 billion and shareholders' equity of C$6.9 billion. It held C$1.2 billion in cash and short-term investments against C$1.0 billion of debt, a net cash position of C$191.4 million. Its current ratio was 2.47. In the latest quarter (ended June 30, 2026) total assets were C$10.3 billion and equity C$7.1 billion.
Related: CCJ income statement, CCJ cash flow statement, CCJ key metrics. See the CCJ stock overview for the latest quote and news.
CCJ balance sheet FAQ
What are Cameco's total assets?
Cameco reported total assets of C$10.3 billion at the end of fiscal 2025 (December 31, 2025), compared with C$9.9 billion a year earlier.
How much debt does Cameco have?
Cameco had C$1.0 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.15.
How much cash does Cameco have?
Cameco held C$1.2 billion in cash and short-term investments at the end of fiscal 2025; with C$1.0 billion of debt that is net cash of C$191.4 million.
What is Cameco's book value?
Cameco's shareholders' equity (book value) was C$6.9 billion at the end of fiscal 2025.
What is Cameco's current ratio?
Cameco had current assets of C$2.6 billion and current liabilities of C$1.1 billion, a current ratio of 2.47 (it can cover its short-term obligations).
How much goodwill does Cameco have?
Cameco carried C$36.1 million of goodwill and intangible assets, 0.4% of total assets, at the end of fiscal 2025.