Telesat Corporation (TSAT) quarterly balance sheet — complete assets, liabilities & equity history
Telesat Corporation (TSAT) balance sheet — 14-year assets, liabilities & shareholders' equity history
| Metric | Q3'26 | 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 |
|---|
| Total Current Assets | 1.13B | 714.37M | 616.7M | 607.29M | 840.51M | 872.35M | 1.15B | 1.02B | 1.26B | 1.59B | 1.9B | 1.82B | 1.4B | 1.48B | 1.36B | 1.79B | 1.31B | 1.25B | 1.31B | 1.62B |
| Cash & Short-Term Investments | 814.38M | 383.41M | 375.8M | 509.38M | 482.61M | 547.8M | 798.06M | 552.63M | 1.08B | 1.43B | 1.76B | 1.67B | 1.31B | 1.14B | 1.26B | 1.68B | 1.21B | 1.15B | 1.21B | 1.45B |
| Cash Only | 813.83M | 383.41M | 375.8M | 493.87M | 482.61M | 547.39M | 797.37M | 552.06M | 1.08B | 1.43B | 1.76B | 1.67B | 1.3B | 1.14B | 1.21B | 1.68B | 1.2B | 1.15B | 1.21B | 1.45B |
| Short-Term Investments | 550K | 0 | 0 | 15.51M | 0 | 411K | 685K | 565K | 219K | 625K | 667K | 631K | 7.56M | 6.57M | 58.49M | 515K | 6.03M | 5.88M | 3.09M | 861K |
| Accounts Receivable | 69.7M | 73.99M | 49.52M | 64.32M | 53.19M | 71.37M | 91.11M | 188.18M | 70.19M | 78.71M | 85.6M | 94.8M | 56.97M | 300M | 54.77M | 59.66M | 48.98M | 58.59M | 57.61M | 125.92M |
| Days Sales Outstanding | 81.98 | 70.66 | 58.69 | 57.53 | 56.7 | 69.68 | 107.65 | 92.86 | 49.47 | 49.05 | 53.94 | 42.08 | 93.79 | 89.8 | 28.07 | 24.18 | 27.47 | 28.33 | 44.46 | 44.63 |
| Inventory | 0 | 0 | 0 | 1.48M | 0 | 0 | 0 | 1.46M | 0 | 0 | 0 | 4.32M | 0 | 0 | 0 | 2.02M | 0 | 0 | 0 | 16.98M |
| Days Inventory Outstanding | - | - | - | 2.06 | - | - | - | 13.44 | - | - | - | 45.26 | - | - | - | 6.19 | - | - | - | 194.64 |
| Other Current Assets | 241.68M | 256.98M | 191.38M | 18.43M | 8.77M | 253.18M | 265.77M | 272.41M | 116.84M | 84.15M | 55.56M | 41.24M | 37.27M | 37.25M | 45.97M | 33.96M | 47.08M | 44.89M | 46.03M | 17.65M |
| Total Non-Current Assets | 6.38B | 6.05B | 4.19B | 5.99B | 6.09B | 5.88B | 5.97B | 5.92B | 5.07B | 4.81B | 4.51B | 4.5B | 3.38B | 3.46B | 3.44B | 4.69B | 3.42B | 3.64B | 3.75B | 4.75B |
| Property, Plant & Equipment | 3.4B | 3.07B | 2.07B | 2.71B | 2.65B | 2.49B | 2.43B | 2.28B | 1.84B | 1.56B | 1.27B | 1.26B | 960.3M | 980.38M | 988.45M | 1.36B | 1.02B | 1.06B | 1.1B | 1.43B |
| Fixed Asset Turnover | 0.02x | 0.03x | 0.04x | 0.04x | 0.04x | 0.04x | 0.05x | 0.06x | 0.08x | 0.11x | 0.12x | 0.15x | 0.18x | 0.18x | 0.16x | 0.17x | 0.17x | 0.17x | 0.15x | 0.14x |
| Goodwill | 2.2B | 2.2B | 1.55B | 2.21B | 2.55B | 2.5B | 2.61B | 2.61B | 2.49B | 2.51B | 2.49B | 2.45B | 1.8B | 1.85B | 1.81B | 2.45B | 1.77B | 1.9B | 1.96B | 2.45B |
| Intangible Assets | 420.34M | 429.06M | 313.12M | 441.92M | 461.4M | 470.21M | 487.3M | 497.47M | 685.67M | 690.09M | 692.3M | 692.76M | 562.62M | 577.35M | 557.31M | 756.88M | 551.22M | 588.72M | 607.31M | 762.66M |
| Long-Term Investments | 20.43M | 18.52M | 12.34M | 6.99M | 0 | 14.92M | 12.95M | 0 | 6.22M | 6.46M | 6.68M | 0 | 0 | 11.54M | 11.32M | 10.48M | 0 | 0 | 12.1M | 16.35M |
| Other Non-Current Assets | 325.52M | 327.52M | 239.71M | 610.71M | 425.12M | 407.65M | 424.82M | 533.27M | 46.67M | 47.57M | 48.39M | 94.07M | 50.66M | 41.13M | 41.97M | 63.28M | 41.71M | 45.97M | 36.03M | 43.53M |
| Total Assets | 7.51B | 6.76B | 4.81B | 6.6B | 6.93B | 6.75B | 7.13B | 6.95B | 6.33B | 6.4B | 6.41B | 6.31B | 4.78B | 4.94B | 4.81B | 6.48B | 4.72B | 4.89B | 5.06B | 6.36B |
| Asset Turnover | 0.01x | 0.01x | 0.02x | 0.01x | 0.01x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.03x | 0.04x | 0.04x | 0.03x | 0.04x | 0.04x | 0.04x | 0.03x | 0.03x |
| Asset Growth % | 8.37% | 0.14% | -32.48% | -4.99% | 9.38% | 5.46% | 11.16% | 10.01% | 32.54% | 29.65% | 33.27% | -2.57% | 1.13% | 1.03% | -4.92% | 1.84% | -24.35% | -20.5% | -9.37% | 14% |
| Total Current Liabilities | 4.32B | 4.19B | 2.45B | 3.31B | 204.35M | 171.68M | 204.98M | 256.58M | 290.06M | 259.51M | 162.42M | 137.73M | 155.54M | 113.14M | 141.98M | 171.4M | 145.27M | 113.48M | 143.21M | 181.96M |
| Accounts Payable | 70.8M | 50.2M | 63.87M | 57.4M | 111.58M | 89.99M | 92.66M | 107.95M | 157.47M | 161.98M | 51.59M | 4.57M | 32.77M | 19.39M | 32.14M | 1.98M | 27.83M | 18.94M | 31.24M | 3.46M |
| Days Payables Outstanding | 960.5 | 84.43 | 85.24 | 116.98 | 1.94K | 1.91K | 1.34K | 1.22K | 2.36K | 876.16 | 238.88 | 195.75 | 231.39 | 277.13 | 140.67 | 45.57 | 239.87 | 321.19 | 199.1 | 211.83 |
| Short-Term Debt | 2.75B | 2.74B | 1.71B | 2.34B | 0 | 0 | 0 | 0 | 16.91M | 0 | 0 | 0 | 26.48M | 60.35K | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 45.29M | 0 | 0 | 0 | 57.54M | 0 | 0 | 0 | 55.11M | 0 | 0 | 0 | 66.83M | 0 | 0 | 0 | 78.16M |
| Other Current Liabilities | 1.5B | 1.4B | 682.65M | 864.08M | 91.93M | 80.59M | 105.6M | 10.64M | 111.3M | 89.35M | 108.07M | 11.82M | 90.08M | 90.46M | 106.88M | 15.57M | 116.8M | 83.72M | 111.41M | 20.47M |
| Current Ratio | 0.26x | 0.17x | 0.25x | 0.18x | 4.11x | 5.08x | 5.63x | 3.98x | 4.36x | 6.13x | 11.69x | 13.19x | 9.01x | 13.10x | 9.61x | 10.43x | 8.99x | 11.05x | 9.16x | 8.89x |
| Quick Ratio | 0.26x | 0.17x | 0.25x | 0.18x | 4.11x | 5.08x | 5.63x | 3.97x | 4.36x | 6.13x | 11.69x | 13.16x | 9.01x | 13.10x | 9.61x | 10.42x | 8.99x | 11.05x | 9.16x | 8.80x |
| Cash Conversion Cycle | - | - | - | -57.4 | - | - | - | -1.12K | - | - | - | -108.41 | - | - | - | -15.21 | - | - | - | 27.44 |
| Total Non-Current Liabilities | 2.15B | 1.38B | 1.16B | 1.52B | 4.47B | 4.3B | 4.48B | 4.19B | 3.4B | 3.52B | 3.8B | 3.78B | 2.85B | 3.05B | 3.29B | 4.47B | 3.31B | 3.35B | 3.51B | 4.48B |
| Long-Term Debt | 1.31B | 1.05B | 913.23M | 1.15B | 3.31B | 3.19B | 3.35B | 3.1B | 2.91B | 3B | 3.27B | 3.2B | 2.41B | 2.61B | 2.84B | 3.85B | 2.84B | 2.84B | 2.97B | 3.79B |
| Capital Lease Obligations | 0 | 0 | 0 | 37.35M | 0 | 0 | 0 | 31.34M | 0 | 0 | 0 | 31.12M | 0 | 0 | 0 | 31.99M | 0 | 0 | 0 | 33.73M |
| Deferred Tax Liabilities | 60.61M | 68.67M | 57.69M | 91.92M | 154.26M | 165.1M | 173.16M | 175.54M | 224.11M | 230.23M | 233.33M | 235.25M | 199.23M | 202.21M | 199.77M | 271.25M | 204.49M | 222.35M | 234.78M | 296.32M |
| Other Non-Current Liabilities | 780.17M | 263.77M | 190.21M | 77.33M | 1.01B | 951.54M | 950.34M | 703M | 264.01M | 289.83M | 299.41M | 88.94M | 234.89M | 245.33M | 248.4M | 55.15M | 270.97M | 290.04M | 304.49M | 71.63M |
| Total Liabilities | 6.47B | 5.58B | 3.61B | 4.83B | 4.68B | 4.48B | 4.68B | 4.45B | 3.69B | 3.78B | 3.96B | 3.91B | 3B | 3.17B | 3.43B | 4.64B | 3.46B | 3.46B | 3.65B | 4.67B |
| Total Debt | 4.06B | 3.8B | 2.62B | 3.53B | 3.31B | 3.19B | 3.35B | 3.13B | 2.93B | 3B | 3.27B | 3.23B | 2.44B | 2.61B | 2.84B | 3.88B | 2.84B | 2.84B | 2.97B | 3.83B |
| Net Debt | 3.24B | 3.41B | 2.24B | 3.04B | 2.83B | 2.64B | 2.56B | 2.58B | 1.85B | 1.57B | 1.51B | 1.56B | 1.14B | 1.47B | 1.63B | 2.21B | 1.63B | 1.69B | 1.76B | 2.38B |
| Debt / Equity | 3.90x | 3.20x | 2.19x | 2.00x | 1.47x | 1.40x | 1.37x | 1.25x | 1.11x | 1.14x | 1.34x | 1.35x | 1.37x | 1.47x | 2.06x | 2.11x | 2.24x | 1.99x | 2.11x | 2.26x |
| Debt / EBITDA | 589.80x | 209.95x | 77.27x | 80.83x | 76.14x | 57.50x | 49.56x | - | 30.90x | 31.24x | 31.11x | 89.48x | 19.43x | 5.51x | 21.84x | 30.65x | 22.81x | 22.24x | 24.45x | 17.06x |
| Net Debt / EBITDA | 471.49x | 188.74x | 66.18x | 69.52x | 65.04x | 47.63x | 37.78x | - | 19.53x | 16.39x | 14.40x | 43.25x | 9.08x | 3.10x | 12.57x | 17.41x | 13.13x | 13.27x | 14.51x | 10.60x |
| Interest Coverage | -1.90x | -0.25x | -2.19x | -8.14x | -1.53x | 2.48x | 0.11x | -7.63x | 2.23x | 3.55x | 0.29x | 1.44x | 1.22x | 9.61x | 1.54x | 2.40x | -2.98x | 1.40x | 2.65x | 3.94x |
| Total Equity | 1.04B | 1.19B | 1.2B | 1.77B | 2.25B | 2.28B | 2.44B | 2.5B | 2.64B | 2.62B | 2.45B | 2.4B | 1.78B | 1.77B | 1.38B | 1.84B | 1.27B | 1.43B | 1.41B | 1.7B |
| Equity Growth % | -53.72% | -47.99% | -51.04% | -29.18% | -14.93% | -13.11% | -0.09% | 4.07% | 48.83% | 47.88% | 77.14% | 30.37% | 40.37% | 24.45% | -2.02% | 8.48% | -18.52% | -8.11% | -5.38% | 16.19% |
| Book Value per Share | 68.43 | 77.88 | 79.86 | 119.12 | 151.92 | 137.61 | 169.91 | 177.27 | 164.56 | 165.42 | 178.43 | 165.48 | 128.67 | 128.54 | 100.05 | 133.35 | 103.98 | 117.15 | 115.83 | 141.12 |
| Total Shareholders' Equity | 338.92M | 376.77M | 373.13M | 530.39M | 667.02M | 676.26M | 708.62M | 710.28M | 746.5M | 741.62M | 680.28M | 661.92M | 489.6M | 488.31M | 377.47M | 481.44M | 326.6M | 357.52M | 344.84M | 415.67M |
| Common Stock | 93.21M | 87.22M | 62.63M | 69.94M | 68.53M | 68.43M | 65.97M | 59.08M | 56.47M | 56.35M | 53.24M | 51.25M | 37.59M | 37.95M | 35.96M | 46.55M | 32.32M | 34.23M | 34.51M | 42.84M |
| Retained Earnings | 71.26M | 118.99M | 204.68M | 330.54M | 452.13M | 487.34M | 456.69M | 467.33M | 585.52M | 567.41M | 523.24M | 534.06M | 385.24M | 394.95M | 280.64M | 356.27M | 231.8M | 289.02M | 290.92M | 350.03M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 174.45M | 170.56M | 105.82M | 129.9M | 146.37M | 120.5M | 185.95M | 183.87M | 104.52M | 117.86M | 103.8M | 76.61M | 66.77M | 55.42M | 60.87M | 78.61M | 62.48M | 34.27M | 19.41M | 22.8M |
| Minority Interest | 701.46M | 808.57M | 823.14M | 1.24B | 1.58B | 1.6B | 1.73B | 1.79B | 1.9B | 1.88B | 1.77B | 1.74B | 1.29B | 1.29B | 1B | 1.36B | 938.43M | 1.07B | 1.06B | 1.28B |