The company has significantly improved its financial resilience, evidenced by a current ratio that rose from 1.43 in 2024Q4 to 2.94 in 2027Q1 alongside the elimination of long-term debt.
| Metric | TTM | Feb'26 | Feb'25 | Feb'24 | Feb'23 | Feb'22 | Feb'21 | Feb'20 | Feb'19 | Feb'18 | Feb'17 | Feb'16 | Feb'15 | Feb'14 | Feb'13 | Feb'12 | Feb'11 | Feb'10 | Feb'09 | Feb'08 | Feb'07 | Feb'06 | Feb'05 | Feb'04 | Feb'03 | Feb'02 | Feb'01 | Feb'00 | Feb'99 | Feb'98 | Feb'97 |
|---|
| Total Current Assets | 531.2M | 568.2M | 591.5M | 508M | 743M | 1.04B | 1.01B | 1.2B | 1.19B | 2.55B | 1.69B | 3.01B | 4.17B | 5.06B | 7.1B | 7.06B | 7.49B | 5.81B | 4.84B | 3.49B | 1.92B | 1.25B | 1.54B | 1.36B | 428.76M | 737.14M | 857.07M | 294.38M | 101.51M | 98.08M | 26.67M |
| Cash & Short-Term Investments | 365.1M | 359.9M | 337.8M | 237.1M | 426M | 712M | 739M | 909M | 916M | 2.26B | 1.38B | 2.38B | 2.89B | 2.53B | 2.65B | 1.77B | 2.12B | 1.91B | 1.52B | 1.61B | 987.08M | 634.05M | 925.85M | 1.16B | 340.98M | 644.41M | 721.93M | 218.24M | 66.61M | 76.53M | 6.94M |
| Cash Only | 271M | 274.7M | 266.7M | 175M | 295M | 378M | 214M | 377M | 548M | 816M | 734M | 957M | 1.23B | 1.58B | 1.55B | 1.53B | 1.79B | 1.55B | 835.55M | 1.19B | 677.04M | 458.78M | 610.35M | 1.16B | 340.98M | 340.39M | 508.82M | 126K | 9.51M | 1.8M | 6.94M |
| Short-Term Investments | 94.1M | 85.2M | 71.1M | 62M | 131M | 334M | 525M | 532M | 368M | 1.44B | 644M | 1.42B | 1.66B | 950M | 1.1B | 247M | 330M | 360.61M | 682.67M | 422.03M | 310.04M | 175.26M | 315.5M | 0 | 0 | 304.01M | 213.1M | 218.12M | 56.26M | 74.73M | 0 |
| Accounts Receivable | 166.1M | 166.1M | 223.7M | 223.7M | 135M | 172M | 217M | 235M | 261M | 248M | 258M | 389M | 769M | 1.5B | 3.22B | 3.69B | 4.28B | 2.8B | 2.27B | 1.25B | 612.72M | 346.57M | 240.88M | 107.36M | 45.38M | 48.61M | 64.16M | 33.27M | 12.52M | 10.48M | 8.04M |
| Days Sales Outstanding | 111.29 | 108.63 | 152.65 | 107.56 | 93.63 | 87.44 | 88.7 | 82.48 | 105.38 | 97.12 | 71.94 | 65.73 | 84.16 | 80.2 | 106.21 | 73.17 | 78.46 | 68.35 | 74.87 | 75.89 | 73.65 | 61.33 | 65.1 | 65.9 | 53.95 | 60.35 | 105.81 | 142.94 | 96.49 | 183.36 | 409.69 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3M | 26M | 143M | 122M | 244M | 603M | 1.03B | 618M | 621.61M | 682.4M | 397.52M | 255.87M | 134.3M | 92.49M | 42.84M | 31.3M | 37.47M | 68.04M | 36.85M | 19.52M | 10.78M | 11.54M |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | 4.18 | 13.71 | 42.82 | 25.73 | 12.99 | 28.81 | 31.64 | 20.35 | 27.11 | 41.74 | 49.38 | 67.72 | 53.05 | 53.05 | 48.35 | 60.95 | 69.97 | 186.21 | 276.92 | 247.68 | 273.67 | 1.01K |
| Other Current Assets | 0 | 42.2M | 30M | 47.2M | 182M | 159M | 50M | 52M | 56M | 35M | 55M | 102M | 385M | 787M | 962M | 577M | 470M | 441M | 371.13M | 227.31M | 63.31M | 141.78M | 285.04M | 48.79M | 11.09M | 0 | 2.93M | 6.01M | 3.94M | 299.34K | 146.13K |
| Total Non-Current Assets | 612.3M | 677M | 704.1M | 887.5M | 936M | 1.52B | 1.81B | 2.69B | 2.73B | 1.24B | 1.58B | 2.52B | 2.39B | 2.5B | 5.72B | 6.66B | 5.39B | 4.39B | 3.26B | 2.04B | 1.17B | 1.05B | 1.08B | 575.97M | 433.67M | 209.59M | 113M | 42.84M | 15.01M | 9.68M | 5.77M |
| Property, Plant & Equipment | 36.9M | 29M | 35.4M | 53M | 69M | 91M | 111M | 194M | 85M | 64M | 91M | 412M | 556M | 942M | 2.4B | 2.75B | 2.5B | 1.96B | 1.33B | 708.18M | 487.51M | 325.78M | 210.11M | 147.71M | 161.33M | 151.81M | 95.21M | 39.3M | 14.82M | 9.68M | 5.77M |
| Fixed Asset Turnover | 18.23x | 19.24x | 15.11x | 14.32x | 7.63x | 7.89x | 8.05x | 5.36x | 10.64x | 14.56x | 14.38x | 5.24x | 6.00x | 7.23x | 4.62x | 6.70x | 7.95x | 7.64x | 8.29x | 8.51x | 6.23x | 6.33x | 6.43x | 4.03x | 1.90x | 1.94x | 2.32x | 2.16x | 3.20x | 2.15x | 1.24x |
| Goodwill | 478.4M | 479.1M | 472.4M | 474.5M | 595M | 844M | 849M | 1.44B | 1.46B | 569M | 559M | 618M | 76M | 0 | 0 | 304M | 508M | 150.56M | 137.57M | 114.82M | 109.92M | 28.98M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 39.2M | 40.1M | 47.3M | 57.5M | 203M | 522M | 771M | 915M | 1.07B | 477M | 602M | 1.21B | 1.38B | 1.42B | 3.45B | 3.29B | 1.8B | 1.33B | 1.07B | 471.47M | 138.16M | 85.79M | 112.77M | 94.38M | 82.14M | 30.39M | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 234.2M | 58.3M | 58.9M | 35.7M | 34M | 30M | 37M | 32M | 55M | 55M | 269M | 197M | 316M | 129M | 221M | 337M | 577M | 958M | 720.63M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 70.5M | 90.1M | 266.8M | 35M | 37M | 44M | 114M | 62M | 67M | 58M | 50M | 59M | 0 | 0 | 0 | 0 | 0 | 0 | 741.22M | 425.59M | 613.3M | 753.87M | 333.89M | 190.2M | 0 | 17.79M | 3.55M | 0 | 0 | 0 |
| Total Assets | 1.14B | 1.25B | 1.3B | 1.4B | 1.68B | 2.57B | 2.82B | 3.89B | 3.93B | 3.78B | 3.26B | 5.53B | 6.55B | 7.55B | 13.16B | 13.73B | 12.88B | 10.2B | 8.1B | 5.53B | 3.09B | 2.31B | 2.62B | 1.93B | 862.42M | 947.93M | 970.06M | 337.23M | 116.32M | 107.76M | 32.44M |
| Asset Turnover | 0.49x | 0.45x | 0.41x | 0.54x | 0.31x | 0.28x | 0.32x | 0.27x | 0.23x | 0.25x | 0.40x | 0.39x | 0.51x | 0.90x | 0.84x | 1.34x | 1.55x | 1.47x | 1.37x | 1.09x | 0.98x | 0.89x | 0.52x | 0.31x | 0.36x | 0.31x | 0.23x | 0.25x | 0.41x | 0.19x | 0.22x |
| Asset Growth % | -25.18% | -3.89% | -7.13% | -16.91% | -34.59% | -8.91% | -27.52% | -1.04% | 3.94% | 15.84% | -41.04% | -15.5% | -13.28% | -42.64% | -4.12% | 6.65% | 26.17% | 25.96% | 46.54% | 79.01% | 33.8% | -11.93% | 35.71% | 123.95% | -9.02% | -2.28% | 187.66% | 189.9% | 7.95% | 232.17% | - |
| Total Current Liabilities | 180.4M | 268.1M | 344.3M | 356.9M | 729M | 397M | 429M | 1.12B | 510M | 411M | 621M | 1.04B | 1.37B | 2.27B | 3.46B | 3.39B | 3.63B | 2.43B | 2.12B | 1.48B | 546.49M | 283.76M | 630.81M | 208.88M | 149.23M | 61M | 60.8M | 19.31M | 10.39M | 2.29M | 2.63M |
| Accounts Payable | 16.3M | 5.5M | 31.1M | 17M | 24M | 22M | 20M | 31M | 48M | 46M | 128M | 270M | 235M | 474M | 1.06B | 744M | 832M | 615M | 448.34M | 271.93M | 130.25M | 94.8M | 68.46M | 35.57M | 18.61M | 11.55M | 45.89M | 11.03M | 7.76M | 1.8M | 1.46M |
| Days Payables Outstanding | 26.52 | 13.88 | 81.08 | 23.12 | 54.85 | 31.99 | 29.2 | 40.85 | 85.05 | 64.08 | 67.51 | 80.84 | 49.55 | 25.23 | 50.84 | 22.92 | 27.4 | 26.82 | 27.42 | 33.78 | 34.47 | 37.44 | 39.27 | 40.15 | 36.24 | 21.57 | 125.59 | 82.91 | 98.51 | 45.61 | 128.07 |
| Short-Term Debt | 24.3M | 0 | 0 | 0 | 367M | 0 | 33M | 606M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 350.1K | 270.96K | 261.57K | 223K | 193K | 6.15M | 384.91K | 198K | 185K | 0 | 0 | 1.1M |
| Deferred Revenue (Current) | 509.8M | 138.5M | 161.5M | 148.7M | 175M | 207M | 225M | 264M | 253M | 142M | 239M | 392M | 470M | 580M | 542M | 263M | 108M | 68M | 53.83M | 37.35M | 28.44M | 20.93M | 16.23M | 16.5M | 14.35M | 9.77M | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 34.6M | 36.5M | 16.4M | 64.4M | 3M | 20M | -13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15M | 13.12M | 476.83M | 99.94M | 17.56M | 3.15M | 1.68M | 4.91M | 2.45M | 14.71M | 8.09M | 2.63M | 498.89K | 73.07K |
| Current Ratio | 2.94x | 2.12x | 1.72x | 1.42x | 1.02x | 2.63x | 2.34x | 1.07x | 2.34x | 6.20x | 2.72x | 2.90x | 3.04x | 2.23x | 2.05x | 2.08x | 2.06x | 2.39x | 2.29x | 2.36x | 3.51x | 4.42x | 2.45x | 6.49x | 2.87x | 12.08x | 14.10x | 15.25x | 9.77x | 42.74x | 10.14x |
| Quick Ratio | 2.94x | 2.12x | 1.72x | 1.42x | 1.02x | 2.63x | 2.34x | 1.07x | 2.34x | 6.19x | 2.68x | 2.76x | 2.95x | 2.12x | 1.88x | 1.78x | 1.89x | 2.13x | 1.97x | 2.09x | 3.04x | 3.95x | 2.30x | 6.28x | 2.66x | 11.47x | 12.98x | 13.34x | 7.89x | 38.04x | 5.75x |
| Cash Conversion Cycle | 84.77 | - | - | - | - | - | - | - | - | 37.22 | 18.14 | 27.71 | 60.34 | 67.96 | 84.18 | 81.88 | 71.41 | 68.64 | 89.19 | 91.49 | 106.89 | 76.94 | 78.89 | 74.1 | 78.67 | 108.75 | 166.44 | 336.95 | 245.66 | 411.43 | 1.29K |
| Total Non-Current Liabilities | 0 | 231.1M | 231.4M | 263M | 93M | 614M | 885M | 238M | 822M | 864M | 618M | 1.29B | 1.75B | 1.66B | 245M | 242M | 307M | 170M | 111.89M | 103.52M | 58.87M | 34.65M | 6.5M | 6.24M | 5.78M | 11.87M | 6.33M | 6.53M | -100.11K | 0 | 0 |
| Long-Term Debt | 0 | 196.5M | 195.3M | 194.1M | 0 | 507M | 720M | 0 | 665M | 782M | 591M | 1.28B | 1.71B | 1.63B | 0 | 0 | 0 | 0 | 0 | 7.28M | 6.34M | 6.84M | 6.5M | 6.24M | 5.78M | 11.87M | 6.33M | 6.53M | 0 | 0 | 0 |
| Capital Lease Obligations | 65M | 18.8M | 28.7M | 37.8M | 52M | 66M | 90M | 120M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2M | 6M | 9M | 10M | 48M | 32M | 245M | 232M | 276M | 141M | 111.89M | 65.26M | 52.52M | 27.81M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 1.7M | 1.8M | 16.5M | 1M | 4M | 6M | 9M | 19M | 23M | 18M | 0 | 0 | 0 | 0 | 10M | 31M | 29M | 0 | 30.97M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -100.11K | 0 | 0 |
| Total Liabilities | 0 | 499.2M | 575.7M | 619M | 822M | 1.01B | 1.31B | 1.36B | 1.29B | 1.27B | 1.21B | 2.33B | 3.12B | 3.93B | 3.71B | 3.63B | 3.94B | 2.6B | 2.23B | 1.58B | 605.36M | 312.87M | 637.32M | 215.12M | 155.01M | 71.39M | 67.13M | 25.84M | 10.21M | 2.29M | 2.63M |
| Total Debt | 24.3M | 215.3M | 239M | 252M | 443M | 601M | 843M | 757M | 665M | 782M | 591M | 1.28B | 1.71B | 1.63B | 0 | 0 | 0 | 0 | 0 | 7.63M | 6.61M | 7.1M | 6.73M | 6.43M | 11.93M | 12.26M | 6.53M | 6.71M | 0 | 0 | 1.1M |
| Net Debt | -246.7M | -59.4M | -27.7M | 77M | 148M | 223M | 629M | 380M | 117M | -34M | -143M | 320M | 474M | 48M | -1.55B | -1.53B | -1.79B | -1.55B | -835.55M | -1.18B | -670.43M | -451.68M | -603.63M | -1.15B | -329.05M | -328.14M | -502.3M | 6.58M | -9.51M | -1.8M | -5.85M |
| Debt / Equity | - | 0.29x | 0.33x | 0.32x | 0.52x | 0.39x | 0.56x | 0.30x | 0.25x | 0.31x | 0.29x | 0.40x | 0.50x | 0.45x | - | - | - | - | - | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.02x | 0.01x | 0.01x | 0.02x | - | - | 0.04x |
| Debt / EBITDA | 0.31x | 2.52x | 5.25x | 3.63x | - | 3.45x | - | 12.02x | 3.18x | 1.70x | - | 3.25x | 6.30x | - | - | - | - | - | - | 0.00x | 0.01x | 0.01x | 0.07x | 0.07x | - | - | 1.46x | 0.45x | - | - | - |
| Net Debt / EBITDA | -3.16x | -0.70x | -0.61x | 1.11x | - | 1.28x | - | 6.03x | 0.56x | -0.07x | - | 0.81x | 1.75x | - | -2.27x | -0.51x | -0.32x | -0.40x | -0.27x | -0.62x | -0.72x | -0.90x | -6.30x | -12.56x | - | - | -112.32x | 0.45x | -1.24x | -2.33x | - |
| Interest Coverage | 17.79x | 10.83x | 2.42x | 6.32x | -30.53x | -36.09x | -6.20x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 0 | 746M | 719.9M | 776M | 857M | 1.56B | 1.5B | 2.53B | 2.64B | 2.5B | 2.06B | 3.21B | 3.43B | 3.63B | 9.46B | 10.1B | 8.94B | 7.6B | 5.87B | 3.95B | 2.48B | 2B | 1.98B | 1.72B | 707.41M | 876.54M | 902.93M | 311.39M | 106.11M | 105.47M | 29.81M |
| Equity Growth % | -95.1% | 3.63% | -7.23% | -9.45% | -44.92% | 3.46% | -40.53% | -4.06% | 5.23% | 21.78% | -35.88% | -6.5% | -5.35% | -61.68% | -6.34% | 13% | 17.56% | 29.43% | 48.86% | 58.91% | 24.44% | 0.59% | 15.58% | 142.61% | -19.29% | -2.92% | 189.97% | 193.45% | 0.61% | 253.78% | - |
| Book Value per Share | 0.00 | 1.25 | 1.22 | 1.31 | 1.34 | 2.46 | 2.68 | 4.12 | 4.28 | 4.59 | 3.92 | 4.93 | 6.50 | 6.90 | 18.05 | 19.27 | 16.60 | 13.34 | 10.23 | 6.89 | 4.33 | 3.39 | 3.51 | 3.42 | 1.53 | 1.85 | 1.94 | 0.74 | 0.28 | 0.34 | 0.09 |
| Total Shareholders' Equity | 0 | 746M | 719.9M | 776M | 857M | 1.56B | 1.5B | 2.53B | 2.64B | 2.5B | 2.06B | 3.21B | 3.43B | 3.63B | 9.46B | 10.1B | 8.94B | 7.6B | 5.87B | 3.95B | 2.48B | 2B | 1.98B | 1.72B | 707.41M | 876.54M | 902.93M | 311.39M | 106.11M | 105.47M | 29.81M |
| Common Stock | 0 | 2.92B | 2.98B | 2.95B | 2.91B | 2.87B | 2.82B | 2.76B | 2.69B | 2.56B | 2.51B | 2.45B | 2.44B | 2.42B | 2.43B | 0 | 0 | 2.21B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 0 | -2.17B | -2.24B | -2.16B | -2.03B | -1.29B | -1.31B | -198M | -32M | -45M | -438M | 768M | 1.01B | 1.39B | 7.27B | 7.91B | 6.75B | 5.27B | 3.55B | 1.69M | 359.17M | 147.78M | 94.18M | -119.21M | -171.19M | -18M | 11.92M | 18.13M | 7.51M | 1.3M | -438.4K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -179M | -234M | -299M | -160M | -94.46M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -12.8M | -11.2M | -19.2M | -14M | -24M | -19M | -13M | -33M | -20M | -10M | -17M | -8M | -23M | -8M | -4M | 40M | -10M | 51.09M | 457K | 30.38M | -11.51M | -1.97M | -2.77M | 6.08M | 3.44M | -35.33M | -18.83M | -9.71M | -4.81M | -2.2M | -657.61K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Automotive production cycle sensitivity
According to recent financial statements, BlackBerry has maintained a consistent asset base of approximately $1.2 billion over the last six quarters, suggesting that the company's strategic pivot toward software-centric operations is being managed without significant erosion of the underlying capital structure despite ongoing business unit separation efforts.
The stability in total assets indicates that management has successfully avoided a fire-sale of core assets during the transition period. However, the persistent negative retained earnings balance warrants caution, as it suggests that historical capital allocation decisions have yet to be fully validated by sustained organic growth.
Based on reported figures, BlackBerry's current ratio has improved from 1.43 in 2024Q4 to 2.94 in 2027Q1, reflecting a strengthened liquidity position that provides a necessary buffer against the inherent volatility of the company's automotive-linked royalty revenue streams and ongoing restructuring-related cash outflows.
This expansion in the current ratio appears driven by a more efficient management of current liabilities, which have effectively been reduced to zero in the most recent quarter. Investors should monitor whether this liquidity is being preserved for strategic investment or if it reflects a temporary reduction in operational commitments.
As reported in financial filings, BlackBerry has successfully reduced its debt-to-equity ratio from 0.33 in 2025Q1 to a negligible level by 2027Q1, signaling a disciplined approach to capital structure that significantly lowers the company's interest burden in a high-rate environment.
The reduction in debt suggests a strategic move to de-risk the balance sheet ahead of the planned business unit separation. This deleveraging provides the company with greater flexibility to navigate potential cyclical downturns in automotive production without the pressure of mandatory debt service obligations.
Based on the provided balance sheet data, goodwill remains a significant component of total assets at $478.4 million, representing nearly 43% of the total asset base, which indicates that the company's valuation remains heavily reliant on the successful integration of past acquisitions like Cylance.
The high concentration of goodwill relative to total assets suggests that any underperformance in the Cybersecurity segment could trigger future impairment charges. Analysts should scrutinize whether the current carrying value of these intangibles is supported by the projected cash flows of the standalone business units.
Quick answers to the most common questions about buying BB stock.
As of 2026, BlackBerry Limited (BB) had total assets of $1.25B including $568.2M in current assets.
BlackBerry Limited (BB) carries total debt of $215.3M, offset by $359.9M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
BlackBerry Limited (BB) has total shareholders' equity (book value) of $746.0M ($1.25 book value per share). Book value represents the net worth of the company belonging to common stock holders.
BlackBerry Limited (BB) reported a current ratio of 2.12x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.