Scully Royalty Ltd. (SRL) Balance Sheet

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

SRL balance sheet, 2024

December 31, 2024 · Canadian dollars

C$438.1M assets = C$127.8M liabilities + C$310.3M equity

What it ownsC$438.1MCash & ST investments: C$42.5M (9.7%)C$42.5MReceivables: C$42.3M (9.6%)Receivables C$42.3MInventory: C$1,000 (0.0%)Other current: C$90.5M (20.7%)Other currentC$90.5M · 21%PP&E: C$193.6M (44.2%)PP&EC$193.6M · 44%LT investments: C$2.9M (0.7%)Other non-current: C$66.2M (15.1%)Other non-currentC$66.2M · 15%=How it is financedC$438.1MCurrent liabilities: C$38.5M (8.8%)C$38.5MLong-term debt: C$36.5M (8.3%)Long-term debt C$36.5MOther LT liabilities: C$52.7M (12.0%)Other LT liabilitiesC$52.7M · 12%Shareholders’ equity: C$310.3M (70.8%)Shareholders’ equityC$310.3M · 71%

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

SRL financial health

Current ratio4.56
Comfortable · current assets cover current liabilities 4.56×
Debt / equity0.12
Low leverage · C$0.12 of debt for each $1 of equity
Equity / assets69.0%
Equity-funded · of assets funded by shareholders
Cash / debt116.4%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2024.

SRL balance sheet trends, 2015–2024

MetricTrendThenLatestChange
Total assetsC$977.4M2015C$438.1M2024−8.5%/yr
Total liabilitiesC$608.2M2015C$127.8M2024−15.9%/yr
Shareholders’ equityC$367.2M2015C$302.3M2024−2.1%/yr
Cash & short-term investmentsC$197.9M2015C$42.5M2024−15.7%/yr
Total debtC$311.9M2015C$36.5M2024−21.2%/yr
Net cash (debt)−C$114.0M2015C$6.0M2024+C$120.0M
Working capitalC$371.3M2015C$136.8M2024−C$234.5M
Current ratio1.9020154.562024+2.66
Debt / equity0.8520150.122024−0.73
Shares outstanding12.6M201514.8M2024+1.8%/yr

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

SRL assets

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

SRL liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

SRL debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

SRL balance sheet in Canadian dollars

2024202320222021202020192018201720162015
Assets
Cash & short-term investmentsC$42.5MC$91.2MC$94.0MC$74.1MC$82.0MC$92.4MC$75.2MC$80.2MC$125.9MC$197.9M
Cash & equivalentsC$19.1MC$78.3MC$63.7MC$54.9MC$63.6MC$78.3MC$67.8MC$74.9MC$120.7MC$197.5M
Short-term investmentsC$23.5MC$13.0MC$30.3MC$19.3MC$18.5MC$14.2MC$7.4MC$5.3MC$5.2MC$403,000
ReceivablesC$42.3MC$70.3MC$41.2MC$62.9MC$37.8MC$6.1MC$14.1MC$56.7MC$183.0MC$177.7M
InventoryC$1,000C$1.2MC$840,000C$1.1MC$1.4MC$2.4MC$11.4MC$9.8MC$33.0MC$246.5M
Other current assetsC$90.5MC$1.8MC$43.6MC$7.5MC$8.0MC$7.6MC$1.3MC$2.6MC$59.1MC$163.8M
Total current assetsC$175.3MC$164.5MC$179.6MC$145.7MC$129.2MC$108.5MC$102.0MC$149.3MC$401.0MC$785.9M
Property, plant & equipment (net)C$193.6MC$223.5MC$230.7MC$303.8MC$313.2MC$325.5MC$331.6MC$176.5MC$178.6MC$95.7M
Goodwill & intangible assetsC$0C$0C$3.8MC$4.7MC$4.9MC$4.9MC$7.8MC$56.7MC$183.0MC$177.7M
Long-term investmentsC$2.9MC$3.0MC$2.4MC$3.6MC$3.7MC$3.8MC$4.7MC$771,000C$561,000C$851,000
Other non-current assetsC$66.2MC$61.4MC$58.9MC$52.2MC$58.1MC$60.6MC$60.8MC$13.7MC$0C$0
Total assetsC$438.1MC$452.5MC$475.5MC$510.0MC$509.1MC$503.3MC$506.9MC$396.9MC$650.3MC$977.4M
Liabilities
Accounts payableC$4.5MC$2.2MC$5.2MC$6.0MC$9.9MC$9.9MC$18.8MC$39.5MC$27.1MC$110.9M
Short-term debtC$0C$311,000C$393,000C$291,000C$384,000C$364,000C$1.7MC$45.8MC$131.7MC$137.6M
Deferred revenue—C$2.1MC$1.8MC$2.5MC$2.8MC$4.6MC$6.4MC$769,000C$2.0MC$4.2M
Total current liabilitiesC$38.5MC$20.6MC$43.0MC$12.3MC$16.1MC$19.9MC$27.2MC$92.8MC$214.7MC$414.6M
Long-term debtC$36.5MC$43.7MC$43.0MC$42.0MC$43.3MC$40.2MC$4.0MC$0C$80.6MC$174.3M
Lease obligationsC$0C$311,000C$393,000C$291,000C$384,000C$364,000—C$13.7M——
Other long-term liabilitiesC$52.7MC$58.5MC$57.0MC$83.0MC$81.0MC$81.3MC$81.3MC$24.2MC$25.7MC$19.3M
Total liabilitiesC$127.8MC$122.8MC$143.0MC$137.4MC$140.4MC$141.3MC$112.5MC$117.0MC$320.9MC$608.2M
Shareholders' equity
Common stock & paid-in capitalC$19,000C$19,000C$19,000C$19,000C$16,000C$16,000C$16,000C$16,000C$435.3MC$435.3M
Retained earnings (deficit)−C$58.8M−C$33.4M−C$31.5MC$9.1MC$1.4MC$1.0MC$19.3M−C$87.2M−C$88.9M−C$63.6M
Treasury stock————−C$2.6M−C$2.6M−C$2.6M−C$2.6M−C$61.1M−C$61.1M
Accumulated other comprehensive incomeC$32.8MC$26.9MC$27.5MC$27.7MC$33.7MC$26.1MC$40.8MC$38.8MC$42.2MC$56.5M
Minority interestC$8.0MC$7.2MC$7.3MC$6.9M——————
Total shareholders' equityC$302.3MC$322.5MC$325.2MC$365.6MC$361.5MC$353.6MC$394.4MC$277.8MC$327.5MC$367.2M
Key figures
Total debtC$36.5MC$44.0MC$43.4MC$42.3MC$43.7MC$40.6MC$5.7MC$59.5MC$212.2MC$311.9M
Net cash (debt)C$6.0MC$47.2MC$50.7MC$31.8MC$38.4MC$51.9MC$69.5MC$20.7M−C$86.4M−C$114.0M
Working capitalC$136.8MC$144.0MC$136.6MC$133.3MC$113.1MC$88.6MC$74.8MC$56.5MC$186.3MC$371.3M
Tangible book valueC$302.3MC$322.5MC$321.3MC$360.9MC$356.7MC$348.7MC$386.6MC$221.1MC$144.6MC$189.5M
Shares outstanding14.8M14.8M14.8M14.9M12.6M12.5M14.8M12.5M12.6M12.6M
Current ratio4.568.004.1811.808.015.463.751.611.871.90
Quick ratio2.207.853.1511.107.434.953.281.481.440.91
Debt / equity0.120.140.130.120.120.110.010.210.650.85
Equity / assets69.0%71.3%68.4%71.7%71.0%70.3%77.8%70.0%50.4%37.6%

Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported (latest annual report filed April 30, 2025); data from EODHD.

SRL financial position

At the end of fiscal 2024 (December 31, 2024), Scully Royalty had total assets of C$438.1 million (down 3.2% from a year earlier), total liabilities of C$127.8 million and shareholders' equity of C$302.3 million. It held C$42.5 million in cash and short-term investments against C$36.5 million of debt, a net cash position of C$6.0 million. Its current ratio was 4.56. In the latest quarter (ended September 30, 2025) total assets were C$435.2 million and equity C$302.1 million.

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

SRL balance sheet FAQ

What are Scully Royalty's total assets?

Scully Royalty reported total assets of C$438.1 million at the end of fiscal 2024 (December 31, 2024), compared with C$452.5 million a year earlier.

How much debt does Scully Royalty have?

Scully Royalty had C$36.5 million of total debt at the end of fiscal 2024, including short-term borrowings. Its debt-to-equity ratio was 0.12.

How much cash does Scully Royalty have?

Scully Royalty held C$42.5 million in cash and short-term investments at the end of fiscal 2024; with C$36.5 million of debt that is net cash of C$6.0 million.

What is Scully Royalty's book value?

Scully Royalty's shareholders' equity (book value) was C$302.3 million at the end of fiscal 2024.

What is Scully Royalty's current ratio?

Scully Royalty had current assets of C$175.3 million and current liabilities of C$38.5 million, a current ratio of 4.56 (it can cover its short-term obligations).

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