MarketCapExport financials
BCE (BCE)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
CSV downloads as a ZIP archive with one file for each report and frequency.
Facebook
X
Telegram
BCE Balance Sheet 2025-2011 | BCE
Brief overview of BCE 's balance sheet structure
The review uses the five latest available annual reports between 2021 and 2025.
Assets added +20.1%, reaching 80.2 billion CAD from 66.8 billion CAD five periods earlier; annual growth near 4.7% remained solid.
Liabilities expanded faster than the asset base, +29.7% versus +20.1%. Debt-service capacity deserves attention.
Equity finances 29.1% of the balance sheet, compared with at the start. The cushion remains adequate.
The balance sheet includes a negative accumulated result of -3.6 billion CAD. It should be assessed alongside historical profits and capital distributions.
What the balance sheet shows
BCE has a workable but not unconditionally strong balance sheet. Resilience depends on sustained earnings and liability control.
Annual Balance Sheet BCE
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
- | - | - | - | - | 23.7 B | 22.3 B | 17.8 B | 20.9 B | 20.2 B | 20 B | 18.7 B | - | - | 11.1 B |
Long Term Debt |
- | - | - | - | - | 23.9 B | 22.4 B | 18.2 B | 16.6 B | 15.4 B | 16.4 B | 16.3 B | - | - | 10.6 B |
Total Non Current Liabilities |
44 B | 41.3 B | 39.3 B | 35.3 B | - | 31.1 B | 29 B | 24 B | 22.1 B | 20.7 B | 22 B | 21.2 B | - | - | 15.2 B |
Total Liabilities |
56.9 B | 56.1 B | 51.4 B | 46.8 B | 43.8 B | 39.3 B | 38.7 B | 36.4 B | 32.3 B | 30.7 B | 31.1 B | 29.1 B | - | - | 21.1 B |
Deferred Revenue |
- | - | - | - | - | 717 M | 683 M | - | - | - | - | - | - | - | - |
Retained Earnings |
-3.64 B | -8.44 B | -5.51 B | -3.65 B | - | -4.68 B | -4.63 B | - | - | - | - | - | - | - | - |
Total Assets |
80.2 B | 73.5 B | 71.9 B | 69.3 B | 66.8 B | 60.7 B | 60.1 B | 57.1 B | 50.1 B | 48 B | 46.3 B | 45.4 B | - | - | 26 B |
Cash and Cash Equivalents |
314 M | 1.57 B | 547 M | 99 M | - | 224 M | 141 M | 425 M | 442 M | 603 M | - | - | - | - | - |
Book Value |
23.3 B | 17.4 B | 20.6 B | 22.5 B | 22.9 B | 21.3 B | 21.4 B | 20.7 B | 17.9 B | 17.3 B | 15.2 B | 16.2 B | - | - | 4.9 B |
Total Shareholders Equity |
23.3 B | 17.4 B | 20.6 B | 22.5 B | - | 21.3 B | 21.4 B | 20.7 B | 19.5 B | 17.9 B | - | - | - | - | - |
Annual performance
Select metrics to display
All numbers in CAD currency
Quarterly Balance Sheet BCE
| 2025-Q4 | 2025-Q2 | 2024-Q4 | 2024-Q2 | 2023-Q4 | 2023-Q2 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Non Current Liabilities |
44 B | 41.2 B | 41.3 B | 41.1 B | 39.3 B | 36 B | - | - | - | - | 34.7 B | - | 33 B | - | 31.1 B | - | 31.9 B | - | 29 B | - | 28.4 B | - | 26 B | - | 24.8 B | - | 24.4 B | - | - | - | 22.1 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
56.9 B | 52.8 B | 56.1 B | 54.2 B | 51.4 B | 48.6 B | - | - | - | - | 43.8 B | - | 41.4 B | - | 39.3 B | - | 40.1 B | - | 38.7 B | - | 39.8 B | - | 36.4 B | - | 35.8 B | - | 35.2 B | - | - | - | 32.3 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
-3.64 B | -8.38 B | -8.44 B | -5.97 B | -5.51 B | -4.62 B | - | - | - | - | -3.4 B | - | -3.4 B | - | -4.68 B | - | -5.14 B | - | -4.63 B | - | -5.2 B | - | -4.94 B | - | -4.81 B | - | -4.94 B | - | -5.44 B | - | -6.04 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
80.2 B | 71.1 B | 73.5 B | 74.2 B | 71.9 B | 70 B | - | - | - | - | 66.8 B | - | 64.1 B | - | 60.7 B | - | 61.2 B | - | 60.1 B | - | 60.2 B | - | 57.1 B | - | 56.6 B | - | 55.8 B | - | - | - | 50.1 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
314 M | 507 M | 1.57 B | 1.4 B | 547 M | 450 M | - | - | - | - | 207 M | - | 1.75 B | 1.91 B | 224 M | - | 1.3 B | 943 M | 141 M | - | 719 M | 546 M | 425 M | - | 254 M | 675 M | 442 M | - | 420 M | 439 M | 603 M | - | - | - | 100 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
23.3 B | 18.4 B | 17.4 B | 20 B | 20.6 B | 21.4 B | - | - | - | - | 22.9 B | - | 22.8 B | - | 21.3 B | - | 21.1 B | - | 21.4 B | - | 20.5 B | - | 20.7 B | - | 20.7 B | - | 20.6 B | - | - | - | 17.9 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
23.3 B | 18.4 B | 17.4 B | 20 B | 20.6 B | 21.4 B | - | - | - | - | 22.9 B | - | 22.8 B | - | 21.3 B | - | 21.1 B | - | 21.4 B | - | 20.5 B | - | 20.7 B | - | 20.7 B | - | 20.6 B | - | 20.1 B | - | 18.9 B | - | - | - | 17.3 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quarterly performance
Select metrics to display
All numbers in CAD currency
Balance Sheet is a fundamental financial report of BCE , providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
Russia
Brasil
Britain
USA
Luxembourg
Canada
Taiwan
Mexico
Philippines
South-korea
France
Spain
