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BIPHBrookfield Infrastructure Corpo
$15.82$7.3B
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HomeStocksBIPHBalance Sheet

Brookfield Infrastructure Corpo (BIPH) Balance Sheet

12Y historyFree accessUpdated daily

The company's financial leverage has intensified, with the debt-to-equity ratio climbing to 1.95 as of 2025Q2, reflecting a reliance on debt to fund asset growth.

BIPH Balance Sheet

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly
MetricTTMDec'24Dec'23Dec'22Dec'21Dec'20Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13
Total Current Assets12.17B4.03B7.98B6.69B4.9B3.71B5.84B2.28B1.51B1.63B1.55B1.56B1.27B
Cash & Short-Term Investments-------------
Cash Only-------------
Short-Term Investments-------------
Accounts Receivable-------------
Days Sales Outstanding-------------
Inventory-------------
Days Inventory Outstanding-------------
Other Current Assets4.2B-1.82B91M1.01B272M102M2.55B184M53M205M662M740M30M
Total Non-Current Assets96.53B100.56B92.81B66.28B69.06B57.62B50.47B34.3B27.96B19.64B16.18B14.94B14.41B
Property, Plant & Equipment52.5B55.91B48.55B37.29B38.66B31.58B23.01B12.81B9.94B8.66B7.63B8.08B7.76B
Fixed Asset Turnover0.41x0.38x0.37x0.39x0.30x0.28x0.29x0.36x0.36x0.24x0.24x0.24x0.24x
Goodwill14.54B14.1B14.49B8.79B8.98B6.63B6.55B3.86B1.3B502M79M84M48M
Intangible Assets16.51B14.52B15.85B11.82B14.21B11.77B14.39B11.63B9.89B4.46B3.3B3.58B4.01B
Long-Term Investments24.27B5.93B5.93B5.98B5.17B5.9B5.62B5.3B5.87B5.38B4.53B2.83B2.22B
Other Non-Current Assets-------------
Total Assets108.69B104.59B100.78B72.97B73.96B61.33B56.31B36.58B29.48B21.27B17.73B16.5B15.68B
Asset Turnover0.20x0.20x0.18x0.20x0.16x0.14x0.12x0.13x0.12x0.10x0.10x0.12x0.12x
Asset Growth %19.57%3.78%38.12%-1.34%20.59%8.92%53.93%24.1%38.55%19.96%7.52%5.18%-
Total Current Liabilities13.77B1.21B11.71B8.38B8.66B5.52B5.44B2.42B1.56B1.51B1.21B821M598M
Accounts Payable5.34B2.15B2.25B1.87B1.88B1.46B973M463M246M266M196M264M222M
Days Payables Outstanding-------------
Short-Term Debt4.63B06.14B3.25B3.19B1.8B1.38B985M463M574M302M41M71M
Deferred Revenue (Current)0------------
Other Current Liabilities3.17B-1.55B1.16B1.48B2.08B1.3B2.23B384M455M401M563M367M117M
Current Ratio0.88x3.33x0.68x0.80x0.57x0.67x1.07x0.94x0.97x1.08x1.28x1.90x2.12x
Quick Ratio0.88x3.33x0.68x0.80x0.57x0.67x1.07x0.94x0.97x1.08x1.28x1.90x2.12x
Cash Conversion Cycle-------------
Total Non-Current Liabilities65.27B73.53B55.06B39.04B38.91B34.13B28.69B19.5B14.44B10.12B9.35B9.35B8.48B
Long-Term Debt48.01B51.09B40.18B27.27B26.33B22.07B19.87B14.24B9.73B7.81B7.12B6.93B6.22B
Capital Lease Obligations0------------
Deferred Tax Liabilities0------------
Other Non-Current Liabilities-------------
Total Liabilities79.04B74.74B66.77B47.41B47.57B39.66B34.13B21.91B16B11.63B10.56B10.17B9.08B
Total Debt57.73B51.09B49.95B33.94B33.35B27.68B22.86B15.23B10.19B8.38B7.42B6.97B6.32B
Net Debt55.39B49.02B48.09B32.28B31.53B26.6B22.03B14.69B9.82B7.59B7.22B6.78B5.78B
Debt / Equity1.95x1.71x1.47x1.33x1.26x1.28x1.03x1.04x0.76x0.87x1.03x1.10x0.96x
Debt / EBITDA6.42x5.94x7.36x6.02x6.78x7.42x7.82x6.86x5.70x9.46x8.04x7.24x7.07x
Net Debt / EBITDA6.16x5.70x7.09x5.72x6.41x7.13x7.54x6.61x5.49x8.57x7.83x7.04x6.47x
Interest Coverage1.47x1.46x-----------
Total Equity29.65B29.85B34.02B25.55B26.39B21.67B22.18B14.67B13.47B9.64B7.18B6.32B6.61B
Equity Growth %-35.68%-12.24%33.11%-3.17%21.77%-2.27%51.19%8.86%39.71%34.39%13.51%-4.28%-
Book Value per Share64.2764.6774.0455.7859.2949.0251.7735.3133.9526.2720.0318.7019.86
Total Shareholders' Equity5.27B5.62B6.24B6.29B6.84B5.36B5.98B5.45B5.56B4.99B4.03B3.53B3.75B
Common Stock6.2B6.21B6.2B6.09B6.07B5.53B5.5B4.91B4.91B4.21B3.72B3.2B3.2B
Retained Earnings-4.34B-3.98B-3.25B-2.66B-2.13B-2.29B-1.43B-856M-953M-483M-559M-400M-213M
Treasury Stock0000000000000
Accumulated OCI2.58B2.48B2.37B1.94B1.75B992M983M458M1.01B879M681M732M765M
Minority Interest24.38B24.23B27.78B19.26B19.55B16.31B16.19B9.22B7.91B4.66B3.15B2.79B2.85B

Key Metrics

Growth RegimeExpanding
ProfitabilityStrained
Balance SheetVulnerable
Cash FlowMixed
Top Statement Risk

High debt service burden

Asset Expansion Outpacing Equity Growth

As reported in financial statements, BIPH has aggressively expanded its total asset base from $81.7 billion in 2023Q2 to $108.7 billion by 2025Q2, a trajectory that appears to be fueled primarily by debt accumulation rather than internal capital generation or equity issuance.

The rapid growth in total assets suggests a strategy focused on scaling the infrastructure footprint to capture market share. However, the stagnation of equity over the same period indicates that this expansion is not creating meaningful book value for shareholders, potentially signaling a reliance on external leverage to sustain growth.

Leverage Ratios Reflect Structural Fragility

According to recent SEC filings, BIPH's debt-to-equity ratio has climbed from 1.36 in 2023Q2 to 1.95 by 2025Q2, indicating that the company is increasingly reliant on debt financing to maintain its global infrastructure operations and acquisition pipeline.

This rising leverage profile suggests that the company's capital structure is becoming more sensitive to interest rate volatility. Investors should monitor whether this debt burden remains manageable given the thin net margins, as the current trajectory may limit the company's flexibility to navigate future economic downturns.

Capital Intensity and Goodwill Risks

Based on the provided balance sheet data, net PPE has grown to $52.5 billion while goodwill has reached $14.5 billion as of 2025Q2, reflecting a business model that is heavily dependent on physical asset performance and the successful integration of acquired entities.

The significant concentration in PPE underscores the capital-intensive nature of the business, which requires constant reinvestment to maintain operational efficiency. The rising goodwill balance warrants further investigation, as it may indicate potential impairment risks if the acquired infrastructure assets fail to meet their projected cash flow targets.

Persistent Deficit in Retained Earnings

As evidenced by the quarterly balance sheet data, BIPH has consistently reported negative retained earnings, which widened from -$2.8 billion in 2023Q2 to -$4.3 billion by 2025Q2, suggesting that the company is not generating sufficient organic profit to build a sustainable equity base.

This persistent deficit appears to be a structural feature of the financing vehicle, likely driven by aggressive dividend distributions and accounting treatments that prioritize cash flow to the parent over GAAP net income. This trend suggests that the company's equity quality is weak and heavily dependent on external capital injections.

Tight Liquidity Buffers Limit Flexibility

Data from recent filings reveals that the current ratio has remained consistently below 1.0, with a reading of 0.88 in 2025Q2, which suggests that the company maintains a limited buffer to cover its short-term obligations without relying on external refinancing.

The consistently low current ratio indicates that the company operates with minimal working capital, which may leave it vulnerable to liquidity shocks. This tight positioning appears to be a deliberate choice to maximize capital deployment, but it necessitates a high degree of confidence in the company's ability to access credit markets.

BIPH — Frequently Asked Questions

Quick answers to the most common questions about buying BIPH stock.

What are the total assets of Brookfield Infrastructure Corpo (BIPH)?

As of 2024, Brookfield Infrastructure Corpo (BIPH) had total assets of $104.59B including $4.03B in current assets.

How much debt does Brookfield Infrastructure Corpo (BIPH) have?

Brookfield Infrastructure Corpo (BIPH) carries total debt of $51.09B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.

What is the book value or shareholders' equity of Brookfield Infrastructure Corpo?

Brookfield Infrastructure Corpo (BIPH) has total shareholders' equity (book value) of $5.62B ($64.67 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is Brookfield Infrastructure Corpo's current ratio and liquidity?

Brookfield Infrastructure Corpo (BIPH) reported a current ratio of 3.33x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.