Imperial Oil Limited (IMO) Balance Sheet

NYSE American: IMOAssets, liabilities, debt and equity over 3 years.

IMO balance sheet, 2025

December 31, 2025 · Canadian dollars

C$42.31B assets = C$20.05B liabilities + C$22.25B equity

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

IMO financial health

Current ratio1.27

Adequate · current assets cover current liabilities 1.27×

Debt / equity0.20

Low leverage · C$0.20 of debt for each $1 of equity

Equity / assets52.6%

Equity-funded · of assets funded by shareholders

Cash / debt26.1%

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

Goodwill & intangibles4.6%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

IMO balance sheet trends, 2023–2025

Imperial Oil Limited balance sheet trends
Metric	Then	Latest	Change
Total assets	C$41.20B2023	C$42.31B2025	+1.3%/yr
Total liabilities	C$18.98B2023	C$20.05B2025	+2.8%/yr
Shareholders’ equity	C$22.22B2023	C$22.25B2025	+0.1%/yr
Cash & short-term investments	C$864.0M2023	C$1.14B2025	+15.0%/yr
Total debt	C$4.33B2023	C$4.38B2025	+0.6%/yr
Net cash (debt)	−C$3.47B2023	−C$3.24B2025	+C$226.0M
Working capital	C$1.70B2023	C$1.80B2025	+C$106.0M
Current ratio	1.262023	1.272025	+0.02
Debt / equity	0.192023	0.202025	0.00
Shares outstanding	575.9M2023	504.0M2025	−6.5%/yr

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

IMO assets

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

IMO liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

IMO debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

IMO balance sheet in Canadian dollars

Imperial Oil Limited annual balance sheet
	2025	2024	2023
Assets
Cash & short-term investments	C$1.14B	C$979.0M	C$864.0M
Cash & equivalents	C$1.14B	C$979.0M	C$864.0M
Short-term investments	—	C$266.0M	C$283.0M
Receivables	C$4.37B	C$5.76B	C$4.48B
Inventory	C$2.90B	C$2.62B	C$2.95B
Other current assets	C$0	C$0	C$0
Total current assets	C$8.42B	C$9.35B	C$8.30B
Property, plant & equipment (net)	C$30.86B	C$30.81B	C$31.03B
Goodwill & intangible assets	C$1.93B	C$1.69B	C$166.0M
Long-term investments	C$852.0M	C$818.0M	C$1.06B
Other non-current assets	C$251.0M	C$266.0M	C$642.0M
Total assets	C$42.31B	C$42.94B	C$41.20B
Liabilities
Accounts payable	C$5.35B	C$5.64B	C$5.05B
Short-term debt	C$106.0M	C$119.0M	C$229.0M
Deferred revenue	—	—	C$455.0M
Total current liabilities	C$6.62B	C$7.01B	C$6.60B
Long-term debt	C$3.45B	C$3.45B	C$4.01B
Lease obligations	C$680.0M	C$689.0M	C$783.0M
Other long-term liabilities	C$9.99B	C$9.01B	C$8.36B
Total liabilities	C$20.05B	C$19.46B	C$18.98B
Shareholders' equity
Common stock & paid-in capital	C$895.0M	C$942.0M	C$992.0M
Retained earnings (deficit)	C$21.37B	C$22.75B	C$21.91B
Accumulated other comprehensive income	−C$14.0M	−C$214.0M	−C$677.0M
Total shareholders' equity	C$22.25B	C$23.47B	C$22.22B
Key figures
Total debt	C$4.38B	C$4.25B	C$4.33B
Net cash (debt)	−C$3.24B	−C$3.28B	−C$3.47B
Working capital	C$1.80B	C$2.35B	C$1.70B
Tangible book value	C$20.33B	C$21.78B	C$22.06B
Shares outstanding	504.0M	530.6M	575.9M
Current ratio	1.27	1.33	1.26
Quick ratio	0.83	0.96	0.81
Debt / equity	0.20	0.18	0.19
Equity / assets	52.6%	54.7%	53.9%

Imperial Oil Limited quarterly balance sheet
	Jun '26	Mar '26	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23
Assets
Cash & short-term investments	C$2.84B	C$1.44B	C$1.86B	C$2.39B	C$1.76B	C$979.0M	C$1.49B	C$2.02B	C$1.18B	C$864.0M
Cash & equivalents	C$2.84B	C$1.44B	C$1.86B	C$2.39B	C$1.76B	C$979.0M	C$1.49B	C$2.02B	C$1.18B	C$864.0M
Receivables	C$8.17B	C$10.67B	C$5.17B	C$5.60B	C$5.77B	C$5.76B	C$5.52B	C$6.07B	C$5.20B	C$4.48B
Inventory	C$2.93B	C$2.75B	C$2.94B	C$2.67B	C$2.87B	C$2.62B	C$2.39B	C$2.91B	C$3.15B	C$2.95B
Other current assets	C$0	C$0	C$1,000	C$0	C$0	C$0	C$0	C$0	C$0	C$0
Total current assets	C$13.94B	C$11.52B	C$9.97B	C$10.66B	C$10.40B	C$9.35B	C$9.41B	C$11.00B	C$9.53B	C$8.30B
Property, plant & equipment (net)	C$86.66B	C$84.32B	C$30.27B	C$30.67B	C$30.67B	C$30.81B	C$30.82B	C$30.84B	C$30.84B	C$30.84B
Goodwill & intangible assets	C$2.91B	C$2.87B	C$1.67B	C$1.76B	C$1.73B	C$166.0M	C$1.23B	C$166.0M	C$1.06B	C$166.0M
Long-term investments	C$1.03B	C$1.05B	C$1.11B	C$1.09B	C$1.08B	C$818.0M	C$1.07B	C$1.08B	C$1.08B	C$1.06B
Other non-current assets	C$0	C$0	C$3.7M	C$0	C$0	C$1.79B	C$0	C$1.05B	C$0	C$838.0M
Total assets	C$47.86B	C$45.45B	C$43.02B	C$44.18B	C$43.89B	C$42.94B	C$42.53B	C$44.13B	C$42.51B	C$41.20B
Liabilities
Accounts payable	C$9.61B	C$9.20B	C$6.26B	C$6.26B	C$6.57B	C$5.64B	C$5.85B	C$7.28B	C$6.59B	C$5.05B
Short-term debt	C$19.0M	C$19.0M	C$113.2M	C$121.0M	C$116.0M	C$119.0M	C$216.0M	C$220.0M	C$198.0M	C$229.0M
Deferred revenue	—	—	—	—	—	—	—	C$90.0M	−C$6.95B	C$706.0M
Total current liabilities	C$10.13B	C$9.35B	C$6.77B	C$6.73B	C$7.04B	C$7.01B	C$6.52B	C$7.87B	C$7.11B	C$6.60B
Long-term debt	C$3.45B	C$3.45B	C$3.98B	C$3.98B	C$3.99B	C$3.99B	C$4.00B	C$3.45B	C$3.45B	C$3.45B
Lease obligations	C$667.0M	C$673.0M	C$664.0M	C$683.0M	C$686.0M	C$689.0M	C$699.0M	C$707.0M	C$666.0M	C$783.0M
Other long-term liabilities	C$9.74B	C$9.91B	C$8.55B	C$8.47B	C$8.45B	C$8.47B	C$8.38B	C$8.88B	C$8.85B	C$8.93B
Total liabilities	C$23.32B	C$22.70B	C$19.31B	C$19.18B	C$19.48B	C$19.46B	C$18.89B	C$20.20B	C$19.40B	C$18.98B
Shareholders' equity
Common stock & paid-in capital	C$895.0M	C$895.0M	C$920.3M	C$942.0M	C$942.0M	C$942.0M	C$969.0M	C$992.0M	C$992.0M	C$992.0M
Retained earnings (deficit)	C$23.66B	C$21.89B	C$22.98B	C$24.25B	C$23.67B	C$22.75B	C$23.30B	C$23.59B	C$22.78B	C$21.91B
Accumulated other comprehensive income	−C$14.0M	−C$39.0M	−C$187.3M	−C$192.0M	−C$197.0M	−C$214.0M	−C$635.0M	−C$648.0M	−C$661.0M	−C$677.0M
Total shareholders' equity	C$24.54B	C$22.75B	C$23.72B	C$25.00B	C$24.41B	C$23.47B	C$23.64B	C$23.94B	C$23.11B	C$22.22B
Key figures
Total debt	C$4.13B	C$4.14B	C$4.23B	C$4.25B	C$4.25B	C$4.25B	C$4.36B	C$4.37B	C$4.31B	C$4.33B
Net cash (debt)	−C$1.29B	−C$2.70B	−C$2.37B	−C$1.86B	−C$2.48B	−C$3.28B	−C$2.87B	−C$2.35B	−C$3.13B	−C$3.47B
Working capital	C$3.81B	C$2.17B	C$3.20B	C$3.93B	C$3.36B	C$2.35B	C$2.89B	C$3.12B	C$2.42B	C$1.70B
Tangible book value	C$21.63B	C$19.88B	C$22.05B	C$23.24B	C$22.68B	C$23.31B	C$22.41B	C$23.77B	C$22.05B	C$22.06B
Shares outstanding	484.9M	484.8M	505.1M	510.3M	510.2M	516.5M	530.9M	537.0M	536.9M	553.7M
Current ratio	1.38	1.23	1.47	1.58	1.48	1.33	1.44	1.40	1.34	1.26
Quick ratio	1.09	1.29	1.04	1.19	1.07	0.96	1.08	1.03	0.90	0.81
Debt / equity	0.17	0.18	0.18	0.17	0.17	0.18	0.18	0.18	0.19	0.19
Equity / assets	51.3%	50.0%	55.1%	56.6%	55.6%	54.7%	55.6%	54.2%	54.4%	53.9%

Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported (latest annual report filed February 18, 2026); data from EODHD.

IMO financial position

At the end of fiscal 2025 (December 31, 2025), Imperial Oil had total assets of C$42.3 billion (down 1.5% from a year earlier), total liabilities of C$20.1 billion and shareholders' equity of C$22.3 billion. It held C$1.1 billion in cash and short-term investments against C$4.4 billion of debt, net debt of C$3.2 billion. Its current ratio was 1.27. In the latest quarter (ended June 30, 2026) total assets were C$47.9 billion and equity C$24.5 billion.

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

IMO balance sheet FAQ

What are Imperial Oil's total assets?

Imperial Oil reported total assets of C$42.3 billion at the end of fiscal 2025 (December 31, 2025), compared with C$42.9 billion a year earlier.

How much debt does Imperial Oil have?

Imperial Oil had C$4.4 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.20.

How much cash does Imperial Oil have?

Imperial Oil held C$1.1 billion in cash and short-term investments at the end of fiscal 2025; with C$4.4 billion of debt that is net debt of C$3.2 billion.

What is Imperial Oil's book value?

Imperial Oil's shareholders' equity (book value) was C$22.3 billion at the end of fiscal 2025.

What is Imperial Oil's current ratio?

Imperial Oil had current assets of C$8.4 billion and current liabilities of C$6.6 billion, a current ratio of 1.27 (it can cover its short-term obligations).

How much goodwill does Imperial Oil have?

Imperial Oil carried C$1.9 billion of goodwill and intangible assets, 4.6% of total assets, at the end of fiscal 2025.