The company's financial foundation appears vulnerable, with equity declining from $808.9 million in 2023Q4 to $568.9 million in 2025Q3 alongside a debt-to-equity ratio of 4.83.
BRP Inc. (DOO) balance sheet — 15-year assets, liabilities & shareholders' equity history
| Metric | TTM | Jan'26 | Jan'25 | Jan'24 | Jan'23 | Jan'22 | Jan'21 | Jan'20 | Jan'19 | Jan'18 | Jan'17 | Jan'17 | Jan'16 | Jan'15 | Jan'14 | Jan'13 |
|---|
| Total Current Assets | 3.4B | 3.27B | 3.17B | 3.53B | 3.38B | 2.67B | 2.86B | 1.67B | 1.49B | 1.36B | 1.38B | 1.38B | 1.29B | 1.23B | 926.1M | 1.25B |
| Cash & Short-Term Investments | 648.13M | 487.8M | 260.8M | 598.4M | 324.9M | 339.4M | 1.33B | 42.47M | 100.1M | 227.59M | 302.13M | 302.1M | 243M | 251.3M | 86.5M | 550.2M |
| Cash Only | 648.13M | 427.1M | 180.7M | 491.8M | 202.3M | 265.8M | 1.33B | 42.47M | 100.1M | 227.59M | 298.62M | 298.6M | 235M | 232M | 75.4M | 542.4M |
| Short-Term Investments | 0 | 60.7M | 80.1M | 106.6M | 122.6M | 73.6M | 0 | 0 | 0 | 0 | 3.5M | 3.5M | 8M | 19.3M | 11.1M | 7.8M |
| Accounts Receivable | 555.68M | 764.8M | 758.2M | 717.1M | 698.9M | 497.3M | 340.17M | 417.2M | 402.29M | 351.15M | 372.93M | 284.3M | 282M | 278.1M | 242.9M | 188.9M |
| Days Sales Outstanding | 27.29 | 33.06 | 35.35 | 26.27 | 25.42 | 23.73 | 20.84 | 25.18 | 27.97 | 28.59 | 32.63 | 24.88 | 26.88 | 28.8 | 27.76 | 23.81 |
| Inventory | 1.92B | 1.82B | 1.73B | 2.16B | 2.29B | 1.69B | 1.09B | 1.17B | 947.12M | 748.03M | 689.86M | 689.8M | 685.9M | 630.2M | 532.7M | 465M |
| Days Inventory Outstanding | 92.95 | 101.59 | 104.28 | 107.35 | 110.95 | 111.92 | 88.57 | 92.57 | 86.55 | 79.57 | 79.58 | 79.61 | 85.88 | 85.86 | 81.48 | 78.63 |
| Other Current Assets | 271.34M | 192.3M | 425.6M | 57.7M | 66.7M | 140.1M | 109.49M | 45.87M | 37.74M | 32.12M | 18.2M | 106.8M | 17.7M | 14.7M | 75.2M | 57.4M |
| Total Non-Current Assets | 3.24B | 3.05B | 3.12B | 3.25B | 3.08B | 2.36B | 2.03B | 2.09B | 1.59B | 1.28B | 1.13B | 1.13B | 1.15B | 1.12B | 1.03B | 960.6M |
| Property, Plant & Equipment | 2.23B | 2.03B | 2.12B | 2.17B | 1.99B | 1.57B | 1.28B | 1.24B | 905.98M | 772.2M | 673.26M | 673.2M | 636.6M | 586.9M | 515.3M | 448.4M |
| Fixed Asset Turnover | 4.35x | 4.16x | 3.69x | 4.58x | 5.04x | 4.86x | 4.66x | 4.87x | 5.79x | 5.81x | 6.20x | 6.20x | 6.02x | 6.01x | 6.20x | 6.46x |
| Goodwill | 0 | 179.6M | 252.3M | 252.3M | 252.3M | 115.9M | 116.09M | 230.03M | 169.56M | 116.82M | 115.91M | 115.9M | 116M | 115.9M | 116M | 115.9M |
| Intangible Assets | 497.95M | 315.3M | 351.5M | 412.8M | 489M | 379M | 349.38M | 379.63M | 309.6M | 200M | 201.22M | 201.2M | 207.9M | 220.6M | 219.9M | 210.2M |
| Long-Term Investments | 180.8M | 62.9M | 26.6M | 49.6M | 69.3M | 53.2M | 0 | 0 | 0 | 0 | 20.1M | 20.1M | 22.2M | 20.3M | 21.4M | 19.2M |
| Other Non-Current Assets | 48.92M | 30.3M | 28.4M | 20.5M | 24.8M | 27.3M | 52.94M | 36.07M | 38.04M | 28M | 6.4M | 6.4M | 34.6M | 59.7M | 56.8M | 48.5M |
| Total Assets | 6.64B | 6.32B | 6.29B | 6.78B | 6.46B | 5.03B | 4.89B | 3.76B | 3.08B | 2.64B | 2.52B | 2.52B | 2.45B | 2.35B | 1.95B | 2.22B |
| Asset Turnover | 1.43x | 1.34x | 1.24x | 1.47x | 1.55x | 1.52x | 1.22x | 1.61x | 1.70x | 1.70x | 1.66x | 1.66x | 1.57x | 1.50x | 1.64x | 1.31x |
| Asset Growth % | 12.47% | 0.47% | -7.12% | 4.81% | 28.5% | 2.89% | 29.9% | 22.21% | 16.58% | 4.99% | - | 2.9% | 4.14% | 20.33% | -11.93% | - |
| Total Current Liabilities | 2.86B | 2.57B | 2.43B | 2.51B | 2.48B | 2.62B | 2.19B | 1.88B | 1.68B | 1.45B | 1.1B | 1.1B | 931.3M | 938.2M | 770.5M | 787.5M |
| Accounts Payable | 1.51B | 994.5M | 829.4M | 1.03B | 943.7M | 965.3M | 815.35M | 754.26M | 688.07M | 564.14M | 518.84M | 518.8M | 461.7M | 476.2M | 368.2M | 357.9M |
| Days Payables Outstanding | 69.68 | 55.37 | 49.99 | 51.14 | 45.72 | 63.88 | 66.37 | 59.91 | 62.88 | 60.01 | 59.85 | 59.88 | 57.81 | 64.88 | 56.32 | 60.52 |
| Short-Term Debt | 106.95M | 49.2M | 53.8M | 58.1M | 88.4M | 103.1M | 58.85M | 49.46M | 18.42M | 19.94M | 22.7M | 22.7M | 14.8M | 11.3M | 16.9M | 12.2M |
| Deferred Revenue (Current) | 252.33M | 62M | 64.9M | 89.9M | 85.3M | 247.9M | 72.46M | 71.75M | 71.37M | 62.54M | 0 | 461.8M | 368.2M | 372.4M | 306.2M | 299.3M |
| Other Current Liabilities | 1.16B | 864.3M | 995.2M | 812.5M | 635.4M | 480.4M | 989.39M | 801.22M | 688.37M | 640.07M | 435.84M | 270.2M | 234.1M | 229.2M | 192.9M | 219.7M |
| Current Ratio | 1.19x | 1.27x | 1.31x | 1.41x | 1.36x | 1.02x | 1.31x | 0.89x | 0.89x | 0.94x | 1.25x | 1.25x | 1.39x | 1.31x | 1.20x | 1.59x |
| Quick Ratio | 0.52x | 0.56x | 0.60x | 0.55x | 0.44x | 0.37x | 0.81x | 0.27x | 0.32x | 0.42x | 0.63x | 0.63x | 0.65x | 0.64x | 0.51x | 1.00x |
| Cash Conversion Cycle | 50.55 | 79.28 | 89.64 | 82.49 | 90.65 | 71.78 | 43.05 | 57.84 | 51.65 | 48.15 | 52.36 | 44.61 | 54.95 | 49.78 | 52.92 | 41.92 |
| Total Non-Current Liabilities | 3.45B | 3.14B | 3.62B | 3.46B | 3.44B | 2.54B | 3.17B | 2.47B | 1.72B | 1.48B | 1.25B | 1.25B | 1.53B | 1.44B | 1.22B | 1.41B |
| Long-Term Debt | 2.45B | 2.39B | 2.87B | 2.71B | 2.73B | 1.94B | 2.59B | 1.84B | 1.19B | 991.33M | 901.07M | 901M | 1.13B | 1.02B | 883.5M | 1.04B |
| Capital Lease Obligations | 1.24B | 182.3M | 158.2M | 142M | 152.2M | 117.5M | 206.46M | 209.15M | 9.11M | 9.16M | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 172.32M | 34.4M | 58.8M | 105.9M | 58.9M | 22.4M | 16.41M | 14.29M | 900.87K | 1.21M | 16.8M | 16.8M | 28.8M | 17.7M | 14M | 3.8M |
| Other Non-Current Liabilities | 440.22M | 450.1M | 446.5M | 390.4M | 357.8M | 359.7M | 222.38M | 271.8M | 394.28M | 358.81M | 328.93M | 345.7M | 82.7M | 75.8M | 68.6M | 55.3M |
| Total Liabilities | 6.3B | 5.71B | 6.05B | 5.96B | 5.92B | 5.16B | 5.37B | 4.35B | 3.4B | 2.94B | 2.35B | 2.35B | 2.46B | 2.37B | 1.99B | 2.19B |
| Total Debt | 3B | 2.68B | 3.13B | 2.95B | 3.02B | 2.19B | 2.86B | 2.09B | 1.22B | 1.02B | 923.78M | 923.7M | 1.15B | 1.04B | 900.4M | 1.05B |
| Net Debt | 2.35B | 2.25B | 2.95B | 2.46B | 2.81B | 1.92B | 1.53B | 2.05B | 1.12B | 792.84M | 625.15M | 625.1M | 911.6M | 803.5M | 825M | 512.2M |
| Debt / Equity | 8.95x | 4.39x | 12.68x | 3.63x | 5.58x | - | - | - | - | - | 5.58x | 5.58x | - | - | - | 51.19x |
| Debt / EBITDA | 2.83x | 2.50x | 3.20x | 1.64x | 1.80x | 1.50x | 3.14x | 2.66x | 1.84x | 1.87x | 1.80x | 2.10x | 2.93x | 2.48x | 2.31x | 3.46x |
| Net Debt / EBITDA | 2.22x | 2.10x | 3.01x | 1.37x | 1.68x | 1.32x | 1.68x | 2.61x | 1.69x | 1.46x | 1.22x | 1.42x | 2.33x | 1.92x | 2.11x | 1.68x |
| Interest Coverage | 2.21x | 2.94x | 1.80x | 7.67x | 11.21x | 18.42x | 4.99x | 6.83x | 5.87x | 8.67x | 7.10x | 6.43x | 2.62x | 3.14x | 2.85x | 3.99x |
| Total Equity | 335.37M | 610.7M | 246.8M | 813.9M | 540.1M | -132.8M | -475.28M | -589.27M | -323.11M | -294.05M | 165.51M | 165.5M | -14.1M | -26.9M | -40.8M | 20.6M |
| Equity Growth % | 172.55% | 147.45% | -69.68% | 50.69% | 506.7% | 72.06% | 19.35% | -82.37% | -9.88% | -277.66% | - | 1273.76% | 47.58% | 34.07% | -298.06% | - |
| Book Value per Share | 4.61 | 8.26 | 3.31 | 10.37 | 6.67 | -1.56 | -5.36 | -6.28 | -3.24 | -2.72 | 1.46 | 1.46 | -0.12 | -0.23 | -0.36 | 0.17 |
| Total Shareholders' Equity | 328.87M | 604.1M | 241.3M | 808.9M | 534.9M | -135.6M | -479.08M | -593.37M | -328.32M | -299.09M | 160.91M | 160.9M | -19.3M | -29.6M | -43.1M | 18.3M |
| Common Stock | 296.25M | 279.5M | 251M | 248.5M | 255.8M | 260.6M | 210.57M | 190.46M | 218.01M | 236.45M | 303.03M | 303M | 331.3M | 361.9M | 360.4M | 52.2M |
| Retained Earnings | -58.33M | 153.8M | -37.3M | 443.1M | 175.5M | -404.3M | -576.36M | -756.45M | -596.88M | -555.68M | -169.11M | -169.1M | -393.6M | -418.8M | -428.7M | -28M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 50.33M | 84.3M | -55.4M | 45.5M | 44.8M | 11.3M | 40.83M | 5.2M | 12.21M | 28M | 100.01K | 100K | 21.5M | 10.9M | 13.9M | -24.9M |
| Minority Interest | 6.5M | 6.6M | 5.5M | 5M | 5.2M | 2.8M | 3.8M | 4.1M | 5.21M | 5.04M | 4.6M | 4.6M | 5.2M | 2.7M | 2.3M | 2.3M |
Quick answers to the most common questions about buying DOO stock.
As of 2026, BRP Inc. (DOO) had total assets of $6.32B including $3.27B in current assets.
BRP Inc. (DOO) carries total debt of $2.68B, offset by $487.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
BRP Inc. (DOO) has total shareholders' equity (book value) of $604.1M ($8.26 book value per share). Book value represents the net worth of the company belonging to common stock holders.
BRP Inc. (DOO) reported a current ratio of 1.27x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.
Key Metrics
Top Statement Risk
High leverage and inventory
Balance Sheet Erosion Amid Contraction
As reported in recent financial filings, BRP's equity base has experienced significant volatility, dropping from $808.9 million in 2023Q4 to $568.9 million by 2025Q3, which suggests that the company's financial foundation is weakening under the weight of sustained operational headwinds and cyclical demand pressures.
The contraction in equity, coupled with persistent debt levels, indicates a deteriorating capital structure that limits the company's ability to absorb further shocks. Investors should monitor whether this trend reflects a permanent impairment of value or a temporary cyclical trough that may require further capital preservation measures.
Leverage Constraints Limit Strategic Flexibility
Based on the provided quarterly data, the debt-to-equity ratio spiked to a concerning 12.68 in 2024Q4, which, according to recent financial statements, highlights a precarious reliance on debt financing that may restrict the company's ability to fund necessary R&D or navigate prolonged periods of market weakness.
While the ratio has moderated slightly in subsequent quarters, the absolute debt load remains high relative to the current equity base. This leverage profile suggests that the company is highly sensitive to interest rate fluctuations and may face increased pressure to prioritize debt service over growth-oriented capital allocation.
Tightening Liquidity Buffers Against Volatility
According to the latest balance sheet figures, the current ratio has fluctuated between 1.23 and 1.41 over the last ten quarters, which suggests that BRP's liquidity buffer is becoming increasingly strained as the company manages inventory levels and working capital requirements in a cooling powersports market.
The decline in cash reserves from $491.8 million in 2023Q4 to $250.1 million in 2025Q3 warrants close attention, as it may indicate a reduced capacity to support dealer floorplan financing or absorb unexpected operational costs. This tightening liquidity position appears to leave the firm with limited margin for error.
Retained Earnings Volatility Signals Instability
As reported in financial statements, the company's retained earnings swung from a positive $443.1 million in 2023Q4 to a negative $37.3 million in 2024Q4, which suggests that recent operational losses are directly eroding the firm's core equity base and long-term shareholder value creation potential.
The rapid depletion of retained earnings highlights the impact of the current cyclical downturn on the company's bottom line. This trend may indicate that the business model is currently struggling to generate sufficient internal capital to sustain its historical investment levels without relying on external financing.