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Summit Materials Balance Sheet 2023-2011 | SUM
Brief overview of Summit Materials's balance sheet strength
The balance sheet is assessed across five available annual reports spanning 2018 to 2023.
Assets added +33.5%, reaching $5.1 billion from $3.9 billion five periods earlier; annual growth near 5.9% remained solid.
Growth in the asset base was not matched by liabilities: +33.5% versus +12%. The balance sheet moved in a more conservative direction.
Equity finances 44.8% of the balance sheet, compared with 34.4% at the start. The cushion remains adequate.
Net debt to equity stands at 0.84x; debt servicing is an important part of overall resilience.
Cash represents 7.3% of assets versus 3.3% initially, showing how the immediate liquidity reserve changed.
Retained earnings stand at $876.8 million; the five-period change was +575.8%. This reflects accumulated business performance.
Conclusion
The indicators point to a strong balance sheet position for Summit Materials: funding is balanced and liability risks appear controlled.
Annual Balance Sheet Summit Materials
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
1.93 B | 986 M | 1.51 B | - | 1.56 B | 1.7 B | 1.45 B | 1.39 B | - | 1.07 B | 673 M | 609 M | - |
Long Term Debt |
2.3 B | 1.5 B | 1.92 B | - | 1.85 B | 1.81 B | 1.81 B | 1.53 B | - | 1.06 B | 659 M | 636 M | - |
Long Term Debt Current |
8.6 M | 7.3 M | 8.19 M | - | 8.43 M | 6.35 M | 4.76 M | 6.5 M | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | 2.34 B | 2.27 B | 2.28 B | 1.55 B | - | 1.23 B | 785 M | 767 M | - |
Total Current Liabilities |
323 M | 256 M | 323 M | - | 299 M | 261 M | 250 M | 239 M | - | - | - | - | - |
Total Liabilities |
2.83 B | 2.24 B | 2.69 B | - | 2.64 B | 2.53 B | 2.53 B | 1.92 B | - | 1.44 B | 964 M | 899 M | - |
Deferred Revenue |
8.23 M | 5.74 M | 16.5 M | - | 13.9 M | 11.8 M | 15.8 M | 13.1 M | - | 8.96 M | 9.26 M | 6.93 M | - |
Retained Earnings |
877 M | 591 M | 327 M | - | 189 M | 130 M | 95.8 M | 19 M | - | -217 M | -199 M | -94.1 M | - |
Total Assets |
5.15 B | 4.26 B | 4.31 B | - | 4.07 B | 3.86 B | 3.79 B | 2.78 B | - | 1.73 B | 1.25 B | 1.28 B | - |
Cash and Cash Equivalents |
374 M | 520 M | 418 M | - | 311 M | 129 M | 384 M | 143 M | - | 13.2 M | - | - | - |
Book Value |
2.32 B | 2.01 B | 1.62 B | - | 1.43 B | 1.33 B | 1.26 B | 860 M | - | 287 M | 287 M | 386 M | - |
Total Shareholders Equity |
2.31 B | 2 B | 1.62 B | - | 1.43 B | 1.33 B | 1.26 B | 842 M | - | - | - | - | - |
All numbers in USD currency
Quarterly Balance Sheet Summit Materials
| 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
2.8 B | 2.8 B | 2.8 B | 1.5 B | 1.5 B | 1.5 B | 1.5 B | 1.5 B | - | 1.6 B | 1.91 B | 1.6 B | 1.91 B | 1.91 B | - | 1.91 B | 1.86 B | 1.86 B | 1.86 B | 1.86 B | 1.86 B | 1.86 B | 1.82 B | 1.82 B | 1.82 B | 1.82 B | 1.83 B | 1.83 B | 1.83 B | 1.83 B | 1.53 B | 1.53 B | 1.53 B | 1.53 B | - | 1.15 B | 756 M | 1.06 B | 1.04 B | 1.06 B | 1.06 B | 1.06 B | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
3.98 B | 3.98 B | 3.91 B | 2.06 B | 2.32 B | 2.23 B | 2.24 B | 2.31 B | - | 2.4 B | 2.69 B | 2.44 B | 2.76 B | 2.74 B | - | 2.72 B | 2.65 B | 2.6 B | 2.62 B | 2.62 B | 2.62 B | 2.62 B | 2.52 B | 2.52 B | 2.52 B | 2.52 B | 2.52 B | 2.52 B | 2.52 B | 2.52 B | 1.92 B | 1.92 B | 1.92 B | 1.92 B | - | 1.61 B | 1.2 B | 1.39 B | 1.39 B | 1.41 B | 1.41 B | 1.41 B | - | - | - | - | - | - | - | - | - | - | - | - |
Deferred Revenue |
15.3 M | 7.64 M | 6 M | 8.54 M | 7.05 M | 4.23 M | 5.74 M | 7.14 M | - | 6.73 M | 16.5 M | 11.6 M | 12.5 M | 13.9 M | - | 14.2 M | 12.6 M | 14 M | 13.9 M | 13.9 M | 13.9 M | 13.9 M | 11.8 M | 11.8 M | 11.8 M | 11.8 M | 15.8 M | 15.8 M | 15.8 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
1.02 B | 916 M | 810 M | 874 M | 644 M | 560 M | 591 M | 620 M | - | 397 M | 327 M | 435 M | 361 M | 304 M | - | 292 M | 201 M | 144 M | 189 M | 189 M | 189 M | 189 M | 130 M | 130 M | 130 M | 130 M | 95.8 M | 95.8 M | 95.8 M | 95.8 M | 19 M | 19 M | 19 M | 19 M | - | 4.36 M | -10.4 M | -10.2 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
8.43 B | 8.31 B | 8.13 B | 4.36 B | 4.4 B | 4.21 B | 4.26 B | 4.28 B | - | 4.14 B | 4.31 B | 4.22 B | 4.45 B | 4.35 B | - | 4.29 B | 4.11 B | 3.99 B | 4.07 B | 4.07 B | 4.07 B | 4.07 B | 3.86 B | 3.86 B | 3.86 B | 3.86 B | 3.79 B | 3.79 B | 3.79 B | 3.79 B | 2.78 B | 2.78 B | 2.78 B | 2.78 B | - | 2.33 B | 1.82 B | 2.02 B | 1.71 B | 1.73 B | 1.73 B | 1.73 B | 1.24 B | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
738 M | 539 M | 498 M | 197 M | 230 M | 379 M | 520 M | 472 M | 465 M | 287 M | 418 M | 258 M | 469 M | 360 M | - | 289 M | 253 M | 199 M | 311 M | 311 M | 311 M | 311 M | 129 M | 129 M | 129 M | 129 M | 384 M | 384 M | 384 M | 384 M | 143 M | 143 M | 143 M | 143 M | - | 19 M | 12.6 M | 315 M | 13.2 M | 13.2 M | 13.2 M | 13.2 M | 18.2 M | - | - | - | 30.7 M | - | - | - | - | - | - | - |
Book Value |
4.45 B | 4.33 B | 4.22 B | 2.31 B | 2.07 B | 1.98 B | 2.01 B | 1.97 B | - | 1.75 B | 1.62 B | 1.77 B | 1.69 B | 1.61 B | - | 1.57 B | 1.46 B | 1.4 B | 1.44 B | 1.44 B | 1.44 B | 1.44 B | 1.34 B | 1.34 B | 1.34 B | 1.34 B | 1.27 B | 1.27 B | 1.27 B | 1.27 B | 860 M | 860 M | 860 M | 860 M | - | 722 M | 619 M | 628 M | 321 M | 321 M | 321 M | 321 M | 1.24 B | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
4.45 B | 4.33 B | 4.22 B | 2.29 B | 2.06 B | 1.98 B | 2 B | 1.96 B | 1.94 B | 1.75 B | 1.6 B | 1.77 B | 1.69 B | 1.61 B | - | 1.55 B | 1.45 B | 1.38 B | 1.43 B | 1.43 B | 1.43 B | 1.43 B | 1.33 B | 1.33 B | 1.33 B | 1.33 B | 1.26 B | 1.26 B | 1.26 B | 1.26 B | 842 M | 842 M | 842 M | 842 M | - | 603 M | 448 M | 446 M | 286 M | 286 M | 286 M | 286 M | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Summit Materials, 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.
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