The entity's asset base shows extreme sensitivity to internal reallocations, evidenced by a sharp decline in net PPE from $1.1 billion in 2021Q2 to $4.0 million in 2022Q2.
| Total Current Assets | 30M | 39.19B | 65.14B |
| Cash & Short-Term Investments | 30M | 23.68B | 45.95B |
| Cash Only | 30M | 23.68B | 45.95B |
| Short-Term Investments | 0 | 0 | 0 |
| Accounts Receivable | 0 | 5.3B | 4.99B |
| Days Sales Outstanding | - | 5.77 | - |
| Inventory | 0 | 6.58B | 8.9B |
| Days Inventory Outstanding | - | - | 22.33K |
| Other Current Assets | 0 | 3.63B | 5.3B |
| Total Non-Current Assets | 635M | 1.94T | 1.86T |
| Property, Plant & Equipment | 4M | 3.45B | 3.43B |
| Fixed Asset Turnover | 17.92x | 97.15x | - |
| Goodwill | 20M | 0 | 0 |
| Intangible Assets | 605M | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 1.94T | 1.86T |
| Total Assets | 878M | 1.98T | 1.93T |
| Asset Turnover | 7.37x | 0.17x | - |
| Asset Growth % | -24.05% | 2.73% | - |
| Total Current Liabilities | 0 | 20.44B | 1.25T |
| Accounts Payable | 0 | 3.46B | 2.41B |
| Days Payables Outstanding | - | - | 6.06K |
| Short-Term Debt | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 16.98B | 1.25T |
| Current Ratio | - | 1.92x | 0.05x |
| Quick Ratio | - | 1.60x | 0.04x |
| Cash Conversion Cycle | - | - | - |
| Total Non-Current Liabilities | 0 | 1.3T | 208.18B |
| Long-Term Debt | 0 | 1.07T | 200B |
| Capital Lease Obligations | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 231.25B | 8.18B |
| Total Liabilities | 0 | 1.32T | 1.46T |
| Total Debt | 0 | 1.07T | 200B |
| Net Debt | -30M | 1.05T | 154.05B |
| Debt / Equity | - | 0.54x | 0.10x |
| Debt / EBITDA | 0.00x | 3.30x | - |
| Net Debt / EBITDA | -0.01x | 3.23x | - |
| Interest Coverage | -1.61x | - | - |
| Total Equity | 0 | 1.98T | 1.93T |
| Equity Growth % | 0% | 2.73% | - |
| Book Value per Share | - | - | - |
| Total Shareholders' Equity | 0 | 1.98T | 1.93T |
| Common Stock | 0 | 0 | 0 |
| Retained Earnings | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 |
Opaque intercompany capital structure
As reported in financial statements, BIPI's total assets fluctuated from $1.2 billion in 2021Q2 to $878.0 million by 2022Q2, reflecting a significant contraction that suggests the entity's balance sheet size is highly sensitive to internal portfolio reallocations rather than organic growth of the management business.
The reduction in asset scale over a single year warrants investigation into whether this represents a strategic divestment or a shift in how the Brookfield ecosystem allocates capital to this specific holding vehicle. Investors should monitor whether this volatility indicates a lack of permanent capital commitment to the entity itself.
Based on reported figures, the entity's asset base is characterized by a rapid decline in net PPE from $1.1 billion in 2021Q2 to $4.0 million in 2022Q2, confirming that BIPI is transitioning away from holding physical infrastructure assets toward a purely service-oriented or holding company model.
This dramatic shift in asset composition implies that the entity is shedding its role as an owner-operator, which may be intended to insulate the balance sheet from the capital-intensive nature of infrastructure maintenance. The remaining asset mix appears heavily reliant on cash and intangible assets, which may complicate traditional valuation methods.
According to recent SEC filings, BIPI increased its cash position from $6.0 million in 2021Q2 to $30.0 million in 2022Q2, providing a modest liquidity buffer that appears disconnected from the entity's massive revenue scale and suggests a highly centralized approach to treasury management within the parent group.
While the cash balance has grown, it remains negligible relative to the billions in revenue reported, suggesting that excess liquidity is likely swept upward to the parent entity. This structure implies that BIPI may not maintain independent liquidity, potentially leaving it vulnerable if intercompany funding lines were to be restricted.
As reported in financial statements, the entity consistently shows zero equity across the observed periods, a highly unusual configuration that suggests BIPI operates as a pass-through vehicle rather than a traditional corporation with permanent capital, potentially masking significant underlying liabilities or intercompany obligations.
The absence of reported equity, combined with the lack of debt, implies that the balance sheet is essentially a shell for managing flows between other Brookfield entities. Investors should be cautious, as this structure may obscure the true economic risk and leverage profile of the broader infrastructure platform.
Quick answers to the most common questions about buying BIPI stock.
As of 2008, BIP Bermuda Holdings I Limited (BIPI) had total assets of $1.98T including $39.19B in current assets.
BIP Bermuda Holdings I Limited (BIPI) carries total debt of $1.07T, offset by $23.68B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
BIP Bermuda Holdings I Limited (BIPI) has total shareholders' equity (book value) of $1.98T. Book value represents the net worth of the company belonging to common stock holders.
BIP Bermuda Holdings I Limited (BIPI) reported a current ratio of 1.92x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.