The company's financial position appears increasingly vulnerable, characterized by a debt-to-equity ratio of 7.04x and a negative equity balance of -$1.5B as of 2026Q1.
| Total Assets | 24.21B | 23.98B | 23.59B | 23.91B | 10.18B | 10.09B | 9.34B | 9.85B | 9.24B | 9.97B |
| Asset Growth % | 9.45% | 1.67% | -1.35% | 134.91% | 0.91% | 7.94% | -5.17% | 6.63% | -7.31% | - |
| PP&E (Net) | 14.11B | 14.17B | 12.57B | 14.15B | 4.72B | 4.8B | 5.11B | 4.5B | 3.68B | 3.39B |
| PP&E / Total Assets % | 58.27% | 59.1% | 53.3% | 59.19% | 46.35% | 47.62% | 54.7% | 45.64% | 39.79% | 33.97% |
| Total Current Assets | 2.28B | 2B | 4.76B | 2.8B | 1.01B | 2.01B | 586M | 594M | 441M | 429M |
| Cash & Equivalents | 589M | 430.22M | 674M | 539M | 445M | 469M | 192M | 204M | 99M | 78M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 0 | 0 | 0 | 0 | -57M | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | -944.65M | 1.96B | 0 | 57M | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 1.71B | 372M | 164M | 65M | 428M | 30M | 27M | 29M | 34M | 13M |
| Goodwill | 1.7B | 1.68B | 1.61B | 1.73B | 518M | 489M | 528M | 667M | 691M | 805M |
| Intangible Assets | 3.22B | 3.1B | 2.89B | 3.7B | 2.85B | 2.69B | 2.95B | 3.94B | 4.27B | 5.2B |
| Other Assets | 0 | -77.54M | 1.55B | 1.42B | 613M | 15M | 101M | 89M | 86M | 135M |
| Total Liabilities | 22.3B | 21.98B | 21.36B | 19.84B | 10.54B | 11.51B | 9.92B | 6.58B | 5.99B | 4.63B |
| Total Debt | 13.44B | 13.27B | 12.28B | 12.05B | 4.6B | 3.69B | 4.62B | 3.53B | 3.25B | 1.77B |
| Net Debt | 12.85B | 12.84B | 11.61B | 11.52B | 4.16B | 3.22B | 4.43B | 3.32B | 3.15B | 1.69B |
| Long-Term Debt | 0 | 11.93B | 11.5B | 11.01B | 0 | 3.56B | 4.61B | 3.53B | 3.25B | 1.77B |
| Short-Term Borrowings | 13.44B | 1.31B | 769M | 1.05B | 426M | 131M | 11M | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 14.5B | 7.67B | 7.65B | 6.36B | 4.23B | 6.2B | 2.76B | 493M | 354M | 354M |
| Accounts Payable | 1.06B | 1.21B | 67M | 85M | 44M | 39M | 84M | 90M | 67M | 61M |
| Accrued Expenses | 0 | 0 | 0 | 759M | 562M | 413M | 265M | 256M | 164M | 140M |
| Deferred Revenue | 0 | 116.79M | 273.84M | 255M | 175M | 153M | 156M | 141M | 118M | 0 |
| Other Current Liabilities | 0 | 5.15B | 6.54B | 4.21B | 3.6B | 5.46B | 2.24B | 6M | 5M | 153M |
| Deferred Taxes | 8.95B | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Other Liabilities | 5.39B | 62.89M | 56M | 76M | 4.37B | 30M | 1.03B | 1.03B | 1.01B | 2.51B |
| Total Equity | 1.91B | 2B | 2.22B | 4.07B | -361M | -1.42B | -572M | 3.28B | 3.25B | 5.34B |
| Equity Growth % | -90.69% | -9.93% | -45.38% | 1226.87% | 74.65% | -148.95% | -117.45% | 0.86% | -39.15% | - |
| Shareholders Equity | -1.46B | -1.3B | -1.25B | -399M | -1.12B | -2.13B | -1.72B | 1.65B | 1.46B | 2.04B |
| Minority Interest | 3.37B | 3.3B | 3.48B | 4.47B | 758M | 703M | 1.15B | 1.62B | 1.79B | 3.3B |
| Common Stock | 0 | 998.18K | 1M | 392M | 52.98M | 0 | 0 | 431M | 681M | 1.36B |
| Additional Paid-in Capital | 0 | 1.28B | 0 | 0 | 0 | 0 | 0 | 959M | 0 | 0 |
| Retained Earnings | 0 | 267.51M | 509M | 1.11B | 900.59M | 0 | 0 | 585M | 388M | 186M |
| Accumulated OCI | 0 | -2.84B | 581M | 473M | -2.07B | 0 | 0 | -321M | -437M | 497M |
| Return on Assets (ROA) | -3.13% | -1.03% | -2.44% | 0.66% | 10.37% | -3.75% | -6.05% | 2.11% | 2% | 2.15% |
| Return on Equity (ROE) | -36.21% | -11.61% | -18.4% | 6.1% | - | - | -42.97% | 6.18% | 4.46% | 4.02% |
| Debt / Equity | 7.04x | 6.63x | 5.53x | 2.96x | - | - | - | 1.08x | 1.00x | 0.33x |
| Debt / Assets | 55.52% | 55.33% | 52.06% | 50.42% | 45.23% | 36.56% | 49.44% | 35.79% | 35.13% | 17.73% |
| Net Debt / EBITDA | 4.50x | 4.32x | 4.08x | 5.59x | 2.91x | 2.49x | 3.65x | 2.41x | 2.55x | 1.48x |
| Book Value per Share | 14.36 | 16.81 | 18.67 | 28.45 | -3.2 | -12.92 | -8.48 | 47.13 | 46.58 | 76.54 |
High financial leverage sensitivity
Based on reported financial statements, BIPC's net PPE has fluctuated significantly, reaching $14.1B in 2026Q1, which reflects the company's ongoing commitment to capital-intensive infrastructure projects despite the inherent volatility in asset valuation and the long-term nature of regulated recovery cycles across its diverse international utility portfolio.
The oscillation in net PPE suggests that BIPC is actively managing its asset base through both organic growth and potential divestitures. Investors should monitor whether these capital deployments are effectively translating into higher regulated returns or if they are merely maintaining existing infrastructure in high-inflation environments.
As indicated by the company's 2026Q1 filings, BIPC maintains a debt-to-equity ratio of 7.04x, a figure that highlights a highly leveraged capital structure that appears increasingly sensitive to interest rate fluctuations and the ongoing requirements of its regulated utility business model in competitive global markets.
The persistent rise in the debt-to-equity ratio from 2.96x in 2023Q4 to 7.04x in 2026Q1 suggests a reliance on debt financing to support growth initiatives. This leverage profile warrants close scrutiny, as it may limit the company's ability to absorb regulatory shocks or unexpected increases in the cost of capital.
According to recent balance sheet data, BIPC's equity has remained in negative territory for several quarters, hitting -$1.5B in 2026Q1, which suggests that accounting adjustments and dividend distributions are currently outpacing the accumulation of retained earnings within the corporate structure of the utility entity.
A negative equity position is often a byproduct of aggressive accounting for depreciation and non-cash charges in infrastructure vehicles. While this may not immediately threaten operational continuity, it does imply that the company's book value is not a reliable indicator of its underlying utility asset quality.
Based on the reported figures, the current ratio of 0.16 in 2026Q1 indicates a constrained liquidity position, suggesting that the company relies heavily on revolving credit facilities and external capital market access to manage its short-term obligations and ongoing infrastructure development requirements in the current environment.
The consistently low current ratio reflects the capital-intensive nature of BIPC's operations where cash is rapidly deployed into long-term assets. This lack of short-term liquidity suggests that any disruption in credit market access could pose a material risk to the company's ability to fund its planned capital expenditure.
Quick answers to the most common questions about buying BIPC stock.
As of 2025, Brookfield Infrastructure Corporation (BIPC) had total assets of $23.98B including $2.00B in current assets.
Brookfield Infrastructure Corporation (BIPC) carries total debt of $13.27B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Brookfield Infrastructure Corporation (BIPC) has total shareholders' equity (book value) of $-1296.6M ($16.81 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Brookfield Infrastructure Corporation (BIPC) reported a current ratio of 0.26x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.