Cadeler A/S (CDLR) quarterly balance sheet — complete assets, liabilities & equity history
Cadeler A/S (CDLR) balance sheet — 10-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 449.98M | 425.63M | 389.79M | 395.51M | 352.67M | 241.99M | 188.62M | 185.71M | 175.81M | 264.47M | 147.45M | 130.47M | 81.02M | 19.01M | 59.51M | 59.51M | 15.81M | 15.81M | 24.62M | 24.62M |
| Cash & Short-Term Investments | 206.19M | 221.29M | 151.61M | 217.76M | 53.03M | 94.11M | 58.46M | 91.85M | 93.05M | 209.13M | 96.61M | 74.72M | 19.05M | 19.01M | 19.01M | 19.01M | 114K | 114K | 2.31M | 2.31M |
| Cash Only | 206.19M | 221.29M | 151.61M | 217.76M | 53.03M | 94.11M | 58.46M | 91.85M | 93.05M | 209.13M | 96.61M | 74.72M | 19.05M | 19.01M | 19.01M | 19.01M | 114K | 114K | 2.31M | 2.31M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 124.97M | 185.42M | 220.86M | 157.04M | 265.84M | 129.9M | 100.59M | 76.88M | 57.98M | 38.09M | 39.59M | 0 | 59.64M | 0 | 37.63M | 37.63M | 13.97M | 13.97M | 20.37M | 19.27M |
| Days Sales Outstanding | 49.13 | 146.58 | 104.72 | 126.11 | 77.26 | 158.42 | 94.98 | 77 | 69.21 | 185.41 | 208.94 | - | 111.06 | - | 109.25 | 74.9 | 59.07 | 71.82 | 127.3 | 112.24 |
| Inventory | 4.16M | 3.78M | 3.54M | 2.87M | 2.27M | 3.58M | 1.04M | 1.35M | 947K | 1.86M | 1.84M | 0 | 494K | 0 | 549K | 549K | 731K | 731K | 440K | 440K |
| Days Inventory Outstanding | 2.4 | 3.36 | 3.82 | 4.04 | 4.78 | 4.66 | 2.99 | 3.19 | 4.2 | 6.23 | 11.31 | - | 3.44 | - | 3.75 | 4.37 | 5.68 | 4.5 | 4.06 | 3.34 |
| Other Current Assets | 96.72M | 1.16M | 262.89K | 437K | 721K | 1.06M | 11.88M | 0 | 2.28M | 0 | 9.6M | 55.76M | 0 | 0 | 612K | 612K | 0 | 0 | 0 | 1.11M |
| Total Non-Current Assets | 3.09B | 3.11B | 3.03B | 2.66B | 2.42B | 2.22B | 1.75B | 1.64B | 1.41B | 1.22B | 1.11B | 594.39M | 617.17M | -19.01M | 610.52M | 610.52M | 507.16M | 507.16M | 400.15M | 400.15M |
| Property, Plant & Equipment | 3.02B | 3.03B | 2.95B | 2.64B | 2.4B | 2.2B | 1.72B | 1.62B | 1.39B | 1.2B | 1.09B | 0 | 612.08M | 0 | 606.49M | 606.49M | 506.54M | 506.54M | 399.55M | 399.55M |
| Fixed Asset Turnover | 0.10x | 0.04x | 0.06x | 0.06x | 0.10x | 0.03x | 0.05x | 0.05x | 0.05x | 0.02x | 0.02x | - | 0.08x | - | 0.05x | 0.06x | 0.04x | 0.05x | 0.04x | 0.04x |
| Goodwill | 0 | 0 | 17.76M | 0 | 0 | 0 | 17.76M | 0 | 0 | 0 | 16.71M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 19.34M | 0 | 1.67M | 22.66M | 19.11M | 18.64M | 427K | 16.72M | 17.44M | 17.24M | 240K | 0 | 352K | 0 | 419K | 419K | 426K | 426K | 402K | 402K |
| Long-Term Investments | 0 | 6.7M | 2.42M | 1.7M | 919K | 3.17M | 6.83M | 775.65K | 3.42M | 1.35M | 338K | 0 | 3.54M | 0 | 3.01M | 3.38M | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 57M | 54.71M | 55.19M | -2.48M | 1.09M | 855.86K | 779.95K | 966.35K | 817.98K | 1.13M | 1.22M | 594.39M | 1.21M | -19.01M | 601K | 238K | 198K | 198K | 195K | 195K |
| Total Assets | 3.54B | 3.54B | 3.42B | 3.06B | 2.77B | 2.46B | 1.94B | 1.83B | 1.59B | 1.48B | 1.25B | 724.86M | 698.2M | 0 | 670.03M | 670.03M | 522.97M | 522.97M | 424.77M | 424.77M |
| Asset Turnover | 0.08x | 0.04x | 0.05x | 0.05x | 0.09x | 0.03x | 0.05x | 0.05x | 0.04x | 0.01x | 0.02x | 0.03x | 0.07x | - | 0.05x | 0.05x | 0.04x | 0.05x | 0.03x | 0.03x |
| Asset Growth % | 27.97% | 43.51% | 76.31% | 67.22% | 74.23% | 65.98% | 54.64% | 152.13% | 127.66% | - | 86.94% | 8.18% | 33.51% | -100% | 57.74% | 57.74% | 26.57% | 26.57% | 26.11% | 26.11% |
| Total Current Liabilities | 277.28M | 326.07M | 350.93M | 371.24M | 357.84M | 203M | 123.65M | 101.96M | 76.75M | 74.83M | 53.62M | 35.84M | 9.13M | 0 | 11.8M | 11.8M | 67.57M | 67.57M | 53.86M | 53.86M |
| Accounts Payable | 69.41M | 76.95M | 98.17M | 46.51M | 52.24M | 36.25M | 11.58M | 37.74M | 42.28M | 49.12M | 8.4M | 35.84M | 8.33M | 0 | 3.98M | 3.98M | 13.78M | 13.78M | 2.79M | 2.79M |
| Days Payables Outstanding | 44.11 | 80.44 | 86.21 | 77.52 | 72.31 | 48.3 | 61.73 | 111.22 | 136.7 | 97 | 136.24 | 128.41 | 57.97 | - | 27.2 | 60.69 | 107.08 | 63.69 | 25.77 | 54.77 |
| Short-Term Debt | 133.36M | 124.49M | 117.14M | 239.42M | 204.78M | 63.74M | 31.16M | 32.57M | 4.34M | 3.28M | 799K | 0 | 0 | 0 | 772K | 772K | 42.56M | 42.56M | 28.6M | 28.6M |
| Deferred Revenue (Current) | 71.78M | 117.87M | 128.66M | 72.95M | 79.98M | 98.44M | 45.59M | 22.76M | 0 | 16.82M | 12.1M | 0 | 451K | 0 | 1.83M | 0 | 0 | 0 | 22.16M | 0 |
| Other Current Liabilities | 443K | 569K | 3.33M | 7.6M | 15.07M | 1.01M | 1.05M | 7.21M | 28.3M | 2.78M | 6.09M | 0 | 0 | 0 | 0 | 6.77M | 10.92M | 10.92M | 1K | 22.16M |
| Current Ratio | 1.62x | 1.31x | 1.11x | 1.07x | 0.99x | 1.19x | 1.53x | 1.82x | 2.29x | 3.53x | 2.75x | 3.64x | 8.87x | - | 5.04x | 5.04x | 0.23x | 0.23x | 0.46x | 0.46x |
| Quick Ratio | 1.61x | 1.29x | 1.10x | 1.06x | 0.98x | 1.17x | 1.52x | 1.81x | 2.28x | 3.51x | 2.72x | 3.64x | 8.82x | - | 5.00x | 5.00x | 0.22x | 0.22x | 0.45x | 0.45x |
| Cash Conversion Cycle | 7.41 | 69.5 | 22.33 | 52.62 | 9.72 | 114.78 | 36.24 | -31.03 | -63.3 | 94.65 | 84.01 | - | 56.52 | - | 85.8 | 18.58 | -42.33 | 12.62 | 105.58 | 60.81 |
| Total Non-Current Liabilities | 1.49B | 1.53B | 1.56B | 1.24B | 1.04B | 1.04B | 579.48M | 593.21M | 361.47M | 294.32M | 239.9M | 53.86M | 125.23M | -540.57M | 117.66M | 117.66M | 37.7M | 37.69M | 45.65M | 45.65M |
| Long-Term Debt | 1.46B | 1.46B | 1.49B | 1.18B | 993.6M | 995.47M | 539.85M | 546.75M | 335.03M | 254.59M | 204.77M | 53.86M | 115.41M | 0 | 114.23M | 114.23M | 36.84M | 36.84M | 44.48M | 44.48M |
| Capital Lease Obligations | 10.8M | 11.18M | 12.48M | 11.54M | 10.13M | 10.04M | 9.7M | 9.61M | 9.86M | 9.86M | 392K | 0 | 0 | 0 | 0 | 0 | 55K | 55K | 209K | 209K |
| Deferred Tax Liabilities | 12.57M | 12.89M | 13.25M | 13.77M | 11.97M | 11.58M | 11.97M | 10.79M | 0 | 10.42M | 10.19M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 5.25M | 2.61M | 10.65M | 13.61M | 16.66M | 14M | 16.2M | 18.59M | 16.58M | 13.13M | 22.77M | 0 | 8M | -540.57M | 2.11M | 3.43M | 0 | 801K | -1K | 969K |
| Total Liabilities | 1.77B | 1.85B | 1.91B | 1.61B | 1.4B | 1.24B | 703.12M | 695.17M | 438.21M | 369.16M | 293.52M | 89.7M | 134.37M | -540.57M | 129.46M | 129.46M | 105.26M | 105.26M | 99.51M | 99.51M |
| Total Debt | 1.6B | 1.59B | 1.62B | 1.43B | 1.21B | 1.07B | 581.99M | 590.09M | 350.49M | 269.15M | 206.56M | 53.86M | 115.49M | 0 | 115.28M | 115.28M | 79.76M | 79.76M | 73.58M | 73.58M |
| Net Debt | 1.39B | 1.37B | 1.47B | 1.22B | 1.16B | 975.97M | 523.52M | 498.23M | 257.44M | 60.02M | 109.96M | -20.86M | 96.44M | 0 | 96.27M | 96.27M | 79.65M | 79.65M | 71.27M | 71.27M |
| Debt / Equity | 0.90x | 0.95x | 1.08x | 0.99x | 0.88x | 0.87x | 0.47x | 0.52x | 0.30x | 0.24x | 0.22x | 0.08x | 0.20x | - | 0.21x | 0.21x | 0.19x | 0.19x | 0.23x | 0.23x |
| Debt / EBITDA | 13.87x | 33.99x | 16.44x | 13.17x | 6.40x | 45.79x | 9.59x | 13.81x | 10.94x | - | - | 25.78x | 3.46x | - | 5.77x | 5.77x | 6.96x | 6.96x | 12.34x | 12.34x |
| Net Debt / EBITDA | 12.08x | 29.27x | 14.90x | 11.17x | 6.12x | 41.76x | 8.63x | 11.66x | 8.04x | - | - | -9.98x | 2.89x | - | 4.81x | 4.81x | 6.95x | 6.95x | 11.95x | 11.95x |
| Interest Coverage | 6.18x | 0.72x | 2.83x | 6.32x | - | 2.33x | 22.61x | 10.03x | 16.40x | -18.48x | -3.02x | 5.66x | 182.70x | 16.22x | - | - | 1.95x | 4.49x | - | 5.49x |
| Total Equity | 1.77B | 1.68B | 1.5B | 1.45B | 1.37B | 1.23B | 1.23B | 1.13B | 1.15B | 1.12B | 959.04M | 635.16M | 563.83M | 540.57M | 540.57M | 540.57M | 417.71M | 417.71M | 325.26M | 325.26M |
| Equity Growth % | 29.37% | 37.23% | 21.81% | 27.69% | 19.07% | 9.9% | 28.66% | 78.29% | 104.2% | 106.29% | 77.41% | 17.5% | 34.98% | 29.41% | 66.2% | 66.2% | 29.13% | 29.13% | 34.93% | 34.93% |
| Book Value per Share | 18.38 | 19.09 | 17.14 | 15.52 | 15.58 | 13.97 | 14.07 | 12.91 | 13.12 | 12.87 | 19.08 | 12.86 | 11.37 | 11.10 | 12.61 | 2.99 | 11.37 | 2.84 | 9.39 | 2.34 |
| Total Shareholders' Equity | 1.77B | 1.68B | 1.5B | 1.45B | 1.37B | 1.23B | 1.23B | 1.13B | 1.15B | 1.12B | 959.04M | 635.16M | 563.83M | 540.57M | 540.57M | 540.57M | 417.71M | 417.71M | 325.26M | 325.26M |
| Common Stock | 51.84M | 51.84M | 47.12M | 47.14M | 47.14M | 47.14M | 47.14M | 47.14M | 47.14M | 47.14M | 41.84M | 635.16M | 26.57M | 0 | 26.57M | 26.57M | 22.16M | 22.16M | 18.64M | 18.64M |
| Retained Earnings | 430.92M | 335.23M | 341.47M | 293.32M | 228.19M | 61.77M | 59.36M | 21.61M | -6.53M | -27.89M | -7.37M | 0 | 30.35M | 0 | 3.11M | 3.11M | -22.8M | -22.8M | -32.78M | -32.78M |
| Treasury Stock | -3.52M | -3M | -3M | -3M | -3M | -1.28M | -1.28M | -1.28M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 32.54M | 18.42M | 9.03M | -906K | 18.41M | 29.18M | -34.57M | 10.7M | -4.06M | -28.28M | 0 | -5.29M | 540.57M | 1.34M | 1.34M | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |