Enerflex Ltd. (EFXT) Balance Sheet

NYSE: EFXTAssets, liabilities, debt and equity over 2 years.

EFXT balance sheet, 2025

December 31, 2025 · U.S. dollars

$2.69B assets = $1.60B liabilities + $1.09B equity

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

EFXT financial health

Current ratio1.13

Adequate · current assets cover current liabilities 1.13×

Debt / equity0.64

Moderate leverage · $0.64 of debt for each $1 of equity

Equity / assets40.6%

Equity-funded · of assets funded by shareholders

Cash / debt11.5%

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

Goodwill & intangibles17.0%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

EFXT balance sheet trends, 2024–2025

Enerflex Ltd. balance sheet trends
Metric	Then	Latest	Change
Total assets	$2.79B2024	$2.69B2025	−3.7%/yr
Total liabilities	$1.74B2024	$1.60B2025	−8.3%/yr
Shareholders’ equity	$1.05B2024	$1.09B2025	+3.9%/yr
Cash & short-term investments	$92.0M2024	$80.8M2025	−12.2%/yr
Total debt	$777.0M2024	$702.1M2025	−9.6%/yr
Net cash (debt)	−$685.0M2024	−$621.4M2025	+$63.6M
Working capital	$130.0M2024	$112.7M2025	−$17.3M
Book value per share	$8.452024	$8.862025	+4.9%/yr
Current ratio	1.142024	1.132025	−0.01
Debt / equity	0.742024	0.642025	−0.10
Shares outstanding	124.2M2024	123.1M2025	−0.9%/yr

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

EFXT assets

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

EFXT liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

EFXT debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

EFXT balance sheet

Enerflex Ltd. annual balance sheet
	2025	2024
Assets
Cash & short-term investments	$80.8M	$92.0M
Cash & equivalents	$80.8M	$92.0M
Short-term investments	—	$0
Receivables	$576.5M	$607.0M
Inventory	$279.3M	$293.0M
Other current assets	$52.9M	$49.0M
Total current assets	$989.4M	$1.04B
Property, plant & equipment (net)	$846.8M	$867.0M
Goodwill & intangible assets	$457.8M	$459.0M
Long-term investments	$25.0M	$26.0M
Other non-current assets	$368.0M	$398.0M
Total assets	$2.69B	$2.79B
Liabilities
Accounts payable	$383.0M	$395.0M
Short-term debt	$21.9M	$22.0M
Deferred revenue	—	$375.0M
Total current liabilities	$876.7M	$911.0M
Long-term debt	$582.0M	$708.0M
Lease obligations	$72.0M	$69.0M
Other long-term liabilities	$138.1M	$123.0M
Total liabilities	$1.60B	$1.74B
Shareholders' equity
Common stock & paid-in capital	$496.7M	$505.0M
Retained earnings (deficit)	$129.7M	$80.0M
Accumulated other comprehensive income	−$198.5M	−$214.0M
Total shareholders' equity	$1.09B	$1.05B
Key figures
Total debt	$702.1M	$777.0M
Net cash (debt)	−$621.4M	−$685.0M
Working capital	$112.7M	$130.0M
Tangible book value	$632.3M	$590.0M
Book value per share	$8.86	$8.45
Shares outstanding	123.1M	124.2M
Current ratio	1.13	1.14
Quick ratio	0.75	0.77
Debt / equity	0.64	0.74
Equity / assets	40.6%	37.6%

Enerflex Ltd. quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24
Assets
Cash & short-term investments	$74.0M	$47.2M	$80.8M	$63.8M	$74.0M	$80.0M	$92.0M	$70.0M	$92.2M	$81.0M
Cash & equivalents	$74.0M	$47.2M	$80.8M	$63.8M	$71.0M	$75.0M	$92.0M	$70.0M	$92.2M	$81.0M
Short-term investments	—	—	—	—	$3.0M	$5.0M	$0	$10.0M	$0	$0
Receivables	$593.0M	$592.9M	$576.5M	$677.4M	$644.0M	$594.0M	$607.0M	$486.3M	$474.0M	$479.4M
Inventory	$317.0M	$279.9M	$279.3M	$328.2M	$395.0M	$323.0M	$293.0M	$229.9M	$220.9M	$220.9M
Other current assets	$150.0M	$136.4M	$52.9M	$54.9M	$35.0M	$39.0M	$49.0M	$40.5M	$37.3M	$39.0M
Total current assets	$1.13B	$1.06B	$989.4M	$1.12B	$1.15B	$1.04B	$1.04B	$826.8M	$824.3M	$820.3M
Property, plant & equipment (net)	$850.0M	$831.7M	$846.8M	$848.0M	$855.0M	$848.0M	$867.0M	$644.0M	$653.2M	$679.0M
Goodwill & intangible assets	$439.0M	$441.4M	$457.8M	$457.9M	$461.0M	$458.0M	$459.0M	$348.5M	$347.4M	$351.3M
Long-term investments	$0	$0	$25.0M	$25.0M	$28.0M	$0	$26.0M	$28.0M	$0	$0
Other non-current assets	$381.0M	$391.3M	$368.0M	$393.0M	$392.0M	$416.0M	$398.0M	$309.5M	$324.8M	$307.8M
Total assets	$2.80B	$2.72B	$2.69B	$2.85B	$2.88B	$2.76B	$2.79B	$2.16B	$2.15B	$2.16B
Liabilities
Accounts payable	$383.0M	$347.1M	$383.0M	$469.9M	$470.0M	$410.0M	$395.0M	$341.2M	$314.5M	$318.1M
Short-term debt	$22.0M	$21.1M	$21.9M	$21.9M	$24.0M	$21.0M	$22.0M	$16.2M	$15.4M	$43.4M
Deferred revenue	$398.0M	$354.2M	—	—	$395.0M	$401.0M	$375.0M	$251.3M	$243.6M	$266.6M
Total current liabilities	$952.0M	$876.9M	$876.7M	$906.9M	$964.0M	$926.0M	$911.0M	$695.6M	$648.8M	$704.7M
Long-term debt	$529.0M	$552.0M	$582.0M	$648.0M	$679.0M	$639.0M	$708.0M	$787.0M	$889.0M	$813.0M
Lease obligations	$68.0M	$69.0M	$72.0M	$73.0M	$74.0M	$68.0M	$69.0M	$72.0M	$71.0M	$74.0M
Other long-term liabilities	$153.0M	$148.3M	$138.1M	$141.1M	$114.0M	$118.0M	$123.0M	$0	$0	$0
Total liabilities	$1.63B	$1.58B	$1.60B	$1.70B	$1.76B	$1.68B	$1.74B	$1.38B	$1.40B	$1.40B
Shareholders' equity
Common stock & paid-in capital	$501.0M	$502.6M	$496.7M	$497.8M	$501.0M	$505.0M	$505.0M	$372.1M	$369.4M	$371.1M
Retained earnings (deficit)	$195.0M	$169.6M	$129.7M	$190.5M	$157.0M	$101.0M	$80.0M	$50.1M	$29.3M	$28.0M
Accumulated other comprehensive income	−$189.0M	−$193.6M	−$198.5M	−$198.5M	−$200.0M	−$209.0M	−$214.0M	−$143.0M	−$146.3M	−$143.6M
Total shareholders' equity	$1.17B	$1.14B	$1.09B	$1.15B	$1.13B	$1.07B	$1.05B	$778.9M	$748.2M	$754.8M
Key figures
Total debt	$597.0M	$623.0M	$702.1M	$719.3M	$753.0M	$707.0M	$777.0M	$633.0M	$702.2M	$682.6M
Net cash (debt)	−$523.0M	−$575.9M	−$621.4M	−$655.5M	−$679.0M	−$627.0M	−$685.0M	−$563.0M	−$610.0M	−$601.6M
Working capital	$182.0M	$179.6M	$112.7M	$217.5M	$184.0M	$110.0M	$130.0M	$131.2M	$175.5M	$115.6M
Tangible book value	$731.0M	$702.3M	$632.3M	$694.4M	$666.0M	$617.0M	$590.0M	$430.3M	$400.8M	$403.5M
Book value per share	$9.57	$9.37	$8.86	$9.42	$9.13	$8.64	$8.45	$6.27	$6.03	$6.09
Shares outstanding	122.2M	122.1M	123.1M	122.4M	123.4M	124.5M	124.1M	124.2M	124.1M	124.0M
Current ratio	1.19	1.20	1.13	1.24	1.19	1.12	1.14	1.19	1.27	1.16
Quick ratio	0.70	0.73	0.75	0.82	0.74	0.73	0.77	0.80	0.87	0.80
Debt / equity	0.51	0.54	0.64	0.62	0.67	0.66	0.74	0.81	0.94	0.90
Equity / assets	41.7%	42.0%	40.6%	40.5%	39.1%	39.0%	37.6%	36.1%	34.8%	35.0%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.

EFXT financial position

At the end of fiscal 2025 (December 31, 2025), Enerflex had total assets of $2.7 billion (down 3.7% from a year earlier), total liabilities of $1.6 billion and shareholders' equity of $1.1 billion. It held $80.8 million in cash and short-term investments against $702.1 million of debt, net debt of $621.4 million. Its current ratio was 1.13. In the latest quarter (ended June 30, 2026) total assets were $2.8 billion and equity $1.2 billion.

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

EFXT balance sheet FAQ

What are Enerflex's total assets?

Enerflex reported total assets of $2.7 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.8 billion a year earlier.

How much debt does Enerflex have?

Enerflex had $702.1 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.64.

How much cash does Enerflex have?

Enerflex held $80.8 million in cash and short-term investments at the end of fiscal 2025; with $702.1 million of debt that is net debt of $621.4 million.

What is Enerflex's book value?

Enerflex's shareholders' equity (book value) was $1.1 billion at the end of fiscal 2025, or $8.86 per share.

What is Enerflex's current ratio?

Enerflex had current assets of $989.4 million and current liabilities of $876.7 million, a current ratio of 1.13 (it can cover its short-term obligations).

How much goodwill does Enerflex have?

Enerflex carried $457.8 million of goodwill and intangible assets, 17.0% of total assets, at the end of fiscal 2025.