Suncor Energy Inc. (SU) Balance Sheet
SU balance sheet, 2025
December 31, 2025 · Canadian dollarsC$89.84B assets = C$44.75B liabilities + C$45.09B equity
Both columns are drawn to the same scale: what SU owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SU financial health
Current ratio1.39
Adequate · current assets cover current liabilities 1.39×
Debt / equity0.41
Low leverage · C$0.41 of debt for each $1 of equity
Equity / assets50.2%
Equity-funded · of assets funded by shareholders
Cash / debt19.9%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles4.5%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
SU balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | C$88.70B2016 | C$89.84B2025 | +0.1%/yr | |
| Total liabilities | C$44.07B2016 | C$44.75B2025 | +0.2%/yr | |
| Shareholders’ equity | C$44.63B2016 | C$45.09B2025 | +0.1%/yr | |
| Cash & short-term investments | C$3.02B2016 | C$3.65B2025 | +2.1%/yr | |
| Total debt | C$17.43B2016 | C$18.37B2025 | +0.6%/yr | |
| Net cash (debt) | −C$14.41B2016 | −C$14.72B2025 | −C$307.0M | |
| Working capital | C$2.90B2016 | C$4.02B2025 | +C$1.1B | |
| Current ratio | 1.362016 | 1.392025 | +0.04 | |
| Debt / equity | 0.392016 | 0.412025 | +0.02 | |
| Shares outstanding | 1.61B2016 | 1.22B2025 | −3.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SU assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
SU liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
SU debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SU balance sheet in Canadian dollars
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | C$3.65B | C$3.48B | C$1.73B | C$1.98B | C$2.21B | C$1.89B | C$1.96B | C$2.22B | C$2.67B | C$3.02B |
| Cash & equivalents | C$3.65B | C$3.48B | C$1.73B | C$1.98B | C$2.21B | C$1.89B | C$1.96B | C$2.22B | C$2.67B | C$3.02B |
| Short-term investments | — | — | — | — | — | — | C$0 | C$0 | C$0 | C$0 |
| Receivables | C$5.45B | C$5.76B | C$6.71B | C$6.31B | C$4.66B | C$3.88B | C$4.18B | C$3.32B | C$3.44B | C$3.56B |
| Inventory | C$5.12B | C$5.04B | C$5.37B | C$5.06B | C$4.11B | C$3.62B | C$3.76B | C$3.16B | C$3.47B | C$3.24B |
| Other current assets | C$0 | C$0 | C$0 | C$1.19B | C$0 | C$0 | C$0 | C$0 | C$0 | C$1.21B |
| Total current assets | C$14.22B | C$14.29B | C$13.81B | C$14.54B | C$10.98B | C$9.39B | C$9.91B | C$8.70B | C$9.58B | C$11.02B |
| Property, plant & equipment (net) | C$68.37B | C$70.25B | C$67.65B | C$64.65B | C$67.77B | C$70.42B | C$75.07B | C$76.56B | C$75.55B | C$73.30B |
| Goodwill & intangible assets | C$4.02B | C$3.50B | C$3.53B | C$3.59B | C$3.52B | C$3.33B | C$3.06B | C$3.06B | C$3.06B | C$3.08B |
| Long-term investments | C$337.0M | C$413.0M | C$490.0M | C$758.0M | C$391.0M | C$323.0M | C$289.0M | C$237.0M | C$224.0M | C$191.0M |
| Other non-current assets | C$2.90B | C$1.33B | C$3.06B | C$1.09B | C$1.08B | C$1.16B | C$1.11B | C$1.02B | C$1.09B | C$1.12B |
| Total assets | C$89.84B | C$89.78B | C$88.54B | C$84.62B | C$83.74B | C$84.62B | C$89.44B | C$89.58B | C$89.49B | C$88.70B |
| Liabilities | ||||||||||
| Accounts payable | C$7.52B | C$7.67B | C$7.73B | C$8.17B | C$6.50B | C$4.68B | C$6.55B | C$5.65B | C$6.20B | C$5.59B |
| Short-term debt | C$1.61B | C$1.60B | C$842.0M | C$3.12B | C$1.82B | C$5.25B | C$2.46B | C$3.46B | C$2.21B | C$1.33B |
| Deferred revenue | — | — | C$41.0M | — | — | — | C$1.21B | C$535.0M | C$425.0M | C$1.00B |
| Total current liabilities | C$10.20B | C$10.75B | C$9.60B | C$12.87B | C$10.40B | C$10.55B | C$10.54B | C$10.31B | C$9.56B | C$8.12B |
| Long-term debt | C$12.89B | C$13.09B | C$14.56B | C$12.49B | C$16.53B | C$16.45B | C$15.51B | C$13.89B | C$13.37B | C$16.10B |
| Lease obligations | C$4.52B | C$4.34B | C$3.83B | C$3.01B | C$2.85B | C$2.91B | C$2.93B | C$1.22B | C$0 | C$1.13B |
| Other long-term liabilities | C$21.66B | C$21.43B | C$21.10B | C$19.89B | C$20.20B | C$21.86B | C$21.35B | C$21.38B | C$21.18B | C$19.85B |
| Total liabilities | C$44.75B | C$45.27B | C$45.26B | C$45.25B | C$47.12B | C$48.86B | C$47.39B | C$45.57B | C$44.11B | C$44.07B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | C$20.39B | C$21.12B | C$21.66B | C$22.26B | C$23.65B | C$25.14B | C$25.17B | C$25.91B | C$26.61B | C$26.94B |
| Retained earnings (deficit) | C$23.20B | C$21.67B | C$20.00B | C$15.56B | C$11.54B | C$9.14B | C$15.41B | C$16.48B | C$17.40B | C$16.09B |
| Treasury stock | — | — | — | — | — | — | C$0 | C$0 | C$0 | C$0 |
| Accumulated other comprehensive income | C$998.2M | C$1.20B | C$1.05B | C$974.0M | C$814.0M | C$877.0M | C$899.0M | C$1.08B | C$809.0M | C$1.01B |
| Minority interest | — | — | — | — | — | — | C$0 | C$0 | C$0 | C$0 |
| Total shareholders' equity | C$45.09B | C$44.51B | C$43.28B | C$39.37B | C$36.61B | C$35.76B | C$42.04B | C$44.01B | C$45.38B | C$44.63B |
| Key figures | ||||||||||
| Total debt | C$18.37B | C$14.69B | C$15.80B | C$16.03B | C$18.78B | C$22.14B | C$17.97B | C$17.35B | C$15.58B | C$17.43B |
| Net cash (debt) | −C$14.72B | −C$11.21B | −C$14.08B | −C$14.05B | −C$16.58B | −C$20.25B | −C$16.01B | −C$15.13B | −C$12.91B | −C$14.41B |
| Working capital | C$4.02B | C$3.54B | C$4.21B | C$1.67B | C$578.0M | −C$1.16B | −C$631.0M | −C$1.61B | C$20.0M | C$2.90B |
| Tangible book value | C$41.07B | C$41.01B | C$39.75B | C$35.78B | C$33.09B | C$32.43B | C$38.98B | C$40.94B | C$42.32B | C$41.55B |
| Shares outstanding | 1.22B | 1.28B | 1.31B | 1.39B | 1.49B | 1.53B | 1.56B | 1.63B | 1.67B | 1.61B |
| Current ratio | 1.39 | 1.33 | 1.44 | 1.13 | 1.06 | 0.89 | 0.94 | 0.84 | 1.00 | 1.36 |
| Quick ratio | 0.89 | 0.86 | 0.88 | 0.64 | 0.66 | 0.55 | 0.58 | 0.54 | 0.64 | 0.81 |
| Debt / equity | 0.41 | 0.33 | 0.37 | 0.41 | 0.51 | 0.62 | 0.43 | 0.39 | 0.34 | 0.39 |
| Equity / assets | 50.2% | 49.6% | 48.9% | 46.5% | 43.7% | 42.3% | 47.0% | 49.1% | 50.7% | 50.3% |
| Jun '26 | Mar '26 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | C$5.37B | C$3.27B | C$2.94B | C$2.27B | C$2.77B | C$3.48B | C$3.00B | C$2.37B | C$2.46B | C$1.73B | C$2.43B |
| Cash & equivalents | C$5.37B | C$3.27B | C$2.94B | C$2.27B | C$2.77B | C$3.48B | C$3.00B | C$2.37B | C$2.46B | C$1.73B | C$2.43B |
| Receivables | C$6.79B | C$8.01B | C$5.85B | C$5.92B | C$5.90B | C$5.76B | C$6.74B | C$7.42B | C$7.05B | C$6.71B | C$7.69B |
| Inventory | C$6.45B | C$6.18B | C$5.14B | C$5.23B | C$5.68B | C$5.04B | C$5.21B | C$5.53B | C$5.36B | C$5.37B | C$5.19B |
| Other current assets | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 |
| Total current assets | C$18.62B | C$17.46B | C$13.93B | C$13.42B | C$14.35B | C$14.29B | C$14.95B | C$15.32B | C$14.87B | C$13.81B | C$15.31B |
| Property, plant & equipment (net) | C$70.14B | C$69.75B | C$69.80B | C$69.82B | C$70.02B | C$70.25B | C$70.27B | C$67.71B | C$68.76B | C$67.65B | C$64.40B |
| Goodwill & intangible assets | C$3.34B | C$3.45B | C$3.47B | C$3.48B | C$3.49B | C$3.50B | C$3.48B | C$3.50B | C$3.51B | C$3.53B | C$3.54B |
| Long-term investments | C$0 | C$0 | C$0 | C$0 | C$0 | C$413.0M | C$0 | C$0 | C$0 | C$490.0M | C$0 |
| Other non-current assets | C$2.66B | C$2.16B | C$2.27B | C$1.92B | C$1.83B | C$1.33B | C$1.95B | C$3.86B | C$2.09B | C$3.06B | C$2.14B |
| Total assets | C$94.75B | C$92.83B | C$89.47B | C$88.63B | C$89.70B | C$89.78B | C$90.66B | C$90.39B | C$89.23B | C$88.54B | C$85.39B |
| Liabilities | |||||||||||
| Accounts payable | C$8.79B | C$9.60B | C$7.36B | C$7.67B | C$7.78B | C$7.67B | C$7.99B | C$9.12B | C$7.73B | C$7.73B | C$8.59B |
| Short-term debt | C$1.38B | C$1.63B | C$2.04B | C$2.01B | C$1.61B | C$1.60B | C$458.0M | C$473.0M | C$1.10B | C$842.0M | C$2.79B |
| Deferred revenue | — | — | — | — | — | — | — | C$19.0M | −C$548.0M | C$41.0M | — |
| Total current liabilities | C$11.26B | C$12.32B | C$10.34B | C$10.63B | C$10.36B | C$10.75B | C$9.40B | C$10.52B | C$9.82B | C$9.60B | C$12.32B |
| Long-term debt | C$9.20B | C$9.13B | C$12.42B | C$12.27B | C$13.18B | C$13.09B | C$14.58B | C$11.39B | C$11.29B | C$11.09B | C$12.63B |
| Lease obligations | C$4.83B | C$4.70B | C$4.36B | C$4.34B | C$4.46B | C$4.34B | C$4.06B | C$4.14B | C$3.93B | C$3.83B | C$3.16B |
| Other long-term liabilities | C$26.13B | C$25.60B | C$21.56B | C$21.15B | C$21.33B | C$21.43B | C$21.60B | C$23.98B | C$23.81B | C$24.58B | C$18.67B |
| Total liabilities | C$46.59B | C$47.05B | C$44.31B | C$44.05B | C$44.86B | C$45.27B | C$45.58B | C$45.89B | C$44.92B | C$45.26B | C$43.62B |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | C$20.13B | C$20.31B | C$20.60B | C$20.74B | C$20.99B | C$21.12B | C$21.38B | C$21.58B | C$21.68B | C$21.66B | C$21.77B |
| Retained earnings (deficit) | C$26.47B | C$23.92B | C$23.01B | C$22.31B | C$22.16B | C$21.67B | C$22.18B | C$21.35B | C$21.05B | C$20.00B | C$18.30B |
| Accumulated other comprehensive income | C$1.08B | C$1.06B | C$1.05B | C$1.02B | C$1.18B | C$1.20B | C$991.0M | C$1.04B | C$1.03B | C$1.05B | C$1.13B |
| Total shareholders' equity | C$48.16B | C$45.78B | C$45.16B | C$44.58B | C$44.83B | C$44.51B | C$45.08B | C$44.50B | C$44.31B | C$43.28B | C$41.77B |
| Key figures | |||||||||||
| Total debt | C$14.68B | C$14.81B | C$14.47B | C$14.28B | C$14.79B | C$14.69B | C$15.04B | C$15.57B | C$15.95B | C$15.80B | C$15.43B |
| Net cash (debt) | −C$9.31B | −C$11.54B | −C$11.53B | −C$12.01B | −C$12.02B | −C$11.21B | −C$12.03B | −C$13.19B | −C$13.48B | −C$14.08B | −C$12.99B |
| Working capital | C$7.36B | C$5.14B | C$3.60B | C$2.78B | C$3.99B | C$3.54B | C$5.55B | C$4.80B | C$5.05B | C$4.21B | C$2.99B |
| Tangible book value | C$44.83B | C$42.33B | C$41.70B | C$41.10B | C$41.34B | C$41.01B | C$41.60B | C$41.00B | C$40.80B | C$39.75B | C$38.23B |
| Shares outstanding | 1.18B | 1.19B | 1.21B | 1.23B | 1.24B | 1.26B | 1.27B | 1.28B | 1.29B | 1.30B | 1.30B |
| Current ratio | 1.65 | 1.42 | 1.35 | 1.26 | 1.39 | 1.33 | 1.59 | 1.46 | 1.51 | 1.44 | 1.24 |
| Quick ratio | 1.08 | 0.92 | 0.85 | 0.77 | 0.84 | 0.86 | 1.04 | 0.93 | 0.97 | 0.88 | 0.82 |
| Debt / equity | 0.30 | 0.32 | 0.32 | 0.32 | 0.33 | 0.33 | 0.33 | 0.35 | 0.36 | 0.37 | 0.37 |
| Equity / assets | 50.8% | 49.3% | 50.5% | 50.3% | 50.0% | 49.6% | 49.7% | 49.2% | 49.7% | 48.9% | 48.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
SU financial position
At the end of fiscal 2025 (December 31, 2025), Suncor Energy had total assets of C$89.8 billion (up 0.1% from a year earlier), total liabilities of C$44.8 billion and shareholders' equity of C$45.1 billion. It held C$3.6 billion in cash and short-term investments against C$18.4 billion of debt, net debt of C$14.7 billion. Its current ratio was 1.39. In the latest quarter (ended June 30, 2026) total assets were C$94.7 billion and equity C$48.2 billion.
Related: SU income statement. See the SU stock overview for the latest quote and news.
SU balance sheet FAQ
What are Suncor Energy's total assets?
Suncor Energy reported total assets of C$89.8 billion at the end of fiscal 2025 (December 31, 2025), compared with C$89.8 billion a year earlier.
How much debt does Suncor Energy have?
Suncor Energy had C$18.4 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.41.
How much cash does Suncor Energy have?
Suncor Energy held C$3.6 billion in cash and short-term investments at the end of fiscal 2025; with C$18.4 billion of debt that is net debt of C$14.7 billion.
What is Suncor Energy's book value?
Suncor Energy's shareholders' equity (book value) was C$45.1 billion at the end of fiscal 2025.
What is Suncor Energy's current ratio?
Suncor Energy had current assets of C$14.2 billion and current liabilities of C$10.2 billion, a current ratio of 1.39 (it can cover its short-term obligations).
How much goodwill does Suncor Energy have?
Suncor Energy carried C$4.0 billion of goodwill and intangible assets, 4.5% of total assets, at the end of fiscal 2025.