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WFGWest Fraser Timber Co. Ltd.
$69.48$5.3B
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HomeStocksWFGBalance Sheet

West Fraser Timber Co. Ltd. (WFG) Balance Sheet

30Y historyFree accessUpdated daily

The company maintains a conservative financial profile with a debt-to-equity ratio of 0.09, though the $2.9 billion goodwill balance warrants investigation for potential impairment risks.

WFG Balance Sheet

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly
MetricTTMDec'25Dec'24Dec'23Dec'22Dec'21Dec'20Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07Dec'06Dec'05Dec'04Dec'03Dec'02Dec'01Dec'00Dec'99Dec'98Dec'97Dec'96
Total Current Assets2.15B1.9B1.84B2.38B2.75B4.09B1.7B884.52M987.5M1.03B697.86M699.72M781.32M911.93M827.28M729.97M799.77M672.05M690.71M885.42M1.25B850.29M1.01B584M440.42M476.77M505.28M547.87M412.43M428.44M401.2M
Cash & Short-Term Investments113.33M276.67M641M900M1.16B2B586.59M12.34M117.47M205.17M37.2M9.37M18.09M152.15M102.53M8.42M18.4M-39.63M23.83M17.39M519.54M53.56M290.78M205.02M122.54M169.64M067.32M018.45M6.71M
Cash Only113.33M276.67M641M900M1.16B2B586.59M12.34M160M258M50M13M21M162M102M00-39.63M017.39M519.54M53.56M290.78M205.02M122.54M169.64M067.32M018.45M6.71M
Short-Term Investments00000000-42.53M-52.83M-12.8M-3.63M-2.91M-9.85M530.08K0000000000000000
Accounts Receivable624.02M442.39M316M404M495M700.02M310.47M303.07M279M279.92M220.97M222.67M235M229M252.3M264.45M245.96M256.14M229.91M332.38M258.17M265.63M246.45M121.88M110.52M106.56M150.05M128.56M114.9M110.76M113.47M
Days Sales Outstanding28.5221.1718.6822.8518.6224.2924.729.6322.6725.0324.3627.5125.8225.6230.5435.6831.1137.4832.0336.2333.0231.4845.0638.2538.9139.6335.5630.8334.6330.9434.57
Inventory1.38B1.13B844M851M1.03B1.35B735.46M562.17M580.75M532.8M432.26M454.71M504.8M487.43M461.39M389.62M372.34M389.36M420.38M522.48M456.31M492.51M450.16M250.03M202.91M191.93M349.1M345.29M291.41M292.73M273.79M
Days Inventory Outstanding66.753.9671.166.373.26106.1199.6873.3979.8278.2871.3880.1484.2883.8282.9475.7660.4761.3179.0174.6168.3669.24106.191.993.7594.41116.29108.02106.47103.27108.45
Other Current Assets000182M0052.17M0112M56M52M9.34M7.43M476.4K11.59M66.41M163.07M11.46M16.6M0026.43M0003.76M6.67M6.7M6.11M6.5M7.22M
Total Non-Current Assets8.59B8.54B6.92B7.04B7.22B9.18B3.62B2.72B2.53B2.57B1.98B1.92B2.14B2B1.8B1.76B2.01B2.01B2.11B2.72B2.2B2.28B2.26B1.03B903.46M1B1.13B1.02B958.15M1.03B1.06B
Property, Plant & Equipment4.97B4.92B3.84B3.83B3.98B5.22B2.11B1.65B1.51B1.5B1.25B1.16B1.27B1.07B963.98M916.45M1.5B1.55B1.68B2.24B1.83B1.92B1.94B959.92M836.49M810.76M1.04B976.85M891.08M989.31M1.03B
Fixed Asset Turnover1.33x1.55x1.61x1.68x2.44x2.02x2.18x2.26x2.98x2.71x2.64x2.55x2.62x3.04x3.13x2.95x1.92x1.61x1.56x1.50x1.56x1.60x1.03x1.21x1.24x1.21x1.48x1.56x1.36x1.32x1.16x
Goodwill02.01B1.88B1.95B1.94B2.51B711.28M555.23M545.51M560.64M264.86M258.7M296.33M247.94M265.37M258.28M263.66M251.84M216.68M266.3M226.25M227.07M246.45M00000000
Intangible Assets2.86B808.08M660M735M765M1.06B514.06M420.28M394.26M444.53M421.1M417.96M461.73M512.79M564.92M580.41M0000000000150.05M128.56M114.9M0113.47M
Long-Term Investments77.64M32.87M030.7K16.25M00063.88M41.35M7.44M17.29M49.96M71.38M000011.01M000000000000
Other Non-Current Assets703.78M751.93M536M513.97M512.75M381.83M282.48M81.74M14.68M9.54M7.44M8.65M18.09M6.57M10.05M0249.56M211.63M136.32M171.64M145.43M107.83M86.45M66.02M66.97M190.24M78.06M27.34M55.57M42.84M25.9M
Total Assets10.73B10.44B8.76B9.41B9.97B13.28B5.32B3.6B3.52B3.59B2.68B2.62B2.93B2.92B2.63B2.49B2.81B2.69B2.8B3.6B3.45B3.13B3.27B1.61B1.34B1.48B1.64B1.56B1.37B1.46B1.46B
Asset Turnover0.60x0.73x0.70x0.69x0.97x0.79x0.86x1.04x1.28x1.14x1.24x1.13x1.14x1.12x1.15x1.09x1.03x0.93x0.93x0.93x0.83x0.98x0.61x0.72x0.77x0.66x0.94x0.97x0.88x0.89x0.82x
Asset Growth %28.31%19.14%-6.96%-5.6%-24.89%149.78%47.68%2.34%-2.07%34.11%2.25%-10.48%0.38%10.78%5.89%-11.7%4.76%-4.16%-22.15%4.45%10.19%-4.23%102.93%19.8%-9.06%-9.68%4.63%14.1%-6.16%-0.03%3.52%
Total Current Liabilities1.17B891.63M934M1.05B792M1.53B671.84M645.46M436.85M463.62M341.49M436.7M530.64M725.98M387M308.72M375.34M472.64M396.06M506.41M711.9M531.36M670.45M177.31M134.81M296M295.65M310.56M201.53M181.76M166.74M
Accounts Payable797.52M799.87M401M417M430M523.1M251.94M184.31M190.89M194.04M156.98M136.2M174.01M176.56M163.85M163.57M270.96M00284.99M401.88M286.81M326.16M143.58M103.6M118.72M206.74M256.57M160.4M172.33M147.69M
Days Payables Outstanding46.1238.0633.7832.4930.5241.134.1524.0626.2428.5125.922429.0530.3629.4531.844--40.760.2140.3276.8852.7747.8658.468.8780.2758.660.7958.5
Short-Term Debt284.03M0200M300M014M8.91M298.44M44.79M00128.27M88.73M299.6M0293.83K9.1M170.95M147.9M149.11M110.06M48.91M179.89M10M12.51M167.72M88.7M54.06M41.07M9.43M18.97M
Deferred Revenue (Current)0000000037.44M00151.33M236.89M28.18M0058.29M00000000000000
Other Current Liabilities71.36M-43.83M160M245M265M294.01M226.49M94.85M291.04M335.02M142.85M147.73M321.83M272.26M170.88M116.45M50.59M262.06M248.15M72.31M199.97M195.63M164.41M23.73M18.69M9.42M0-69.05K64.99K072.97K
Current Ratio1.84x2.13x1.97x2.26x3.47x2.67x2.53x1.37x2.26x2.21x2.04x1.60x1.47x1.26x2.14x2.36x2.13x1.42x1.74x1.75x1.75x1.60x1.50x3.29x3.27x1.61x1.71x1.76x2.05x2.36x2.41x
Quick Ratio0.66x0.86x1.06x1.45x2.17x1.79x1.44x0.50x0.93x1.07x0.78x0.56x0.52x0.58x0.95x1.10x1.14x0.60x0.68x0.72x1.11x0.67x0.83x1.88x1.76x0.96x0.53x0.65x0.60x0.75x0.76x
Cash Conversion Cycle49.137.085656.6661.3689.390.2478.9676.2674.869.8283.6481.0579.0884.0279.6347.58--70.1541.1860.474.2877.3884.7975.6482.9858.5982.573.4284.52
Total Non-Current Liabilities1.67B1.53B872M1.14B1.56B2B1.49B1.05B954.46M960.64M669.59M635.59M647.8M360.64M744.85M723.9M674.29M668.51M739.19M984.83M814.61M990.74M1.11B419.24M388.54M425.85M588.73M544.63M585.69M654.72M680.97M
Long-Term Debt419.75M411.64M0199M499M635.11M643.84M501.25M508.07M505.77M307.27M304.82M304.95M8.45M301.56M299.71M299.45M301.69M382.33M550.23M428.64M537.2M611.86M221.3M214.51M226.13M380.79M407.3M466.89M532.29M562.46M
Capital Lease Obligations119.95M32.93M19M26M26M21.64M5.09M6.17M00000014.07M293.83K-65.09M000000000-459.49K0000
Deferred Tax Liabilities2.19B544.74M609M683M795M906.2M0195.1M214.39M178.93M159.96M136.92M132.66M167.17M128.67M140.84M214.27M207.43M219.23M296.57M268.05M325.16M340.68M143.81M128.14M133.9M165.71M96.32M92.48M98.04M93.77M
Other Non-Current Liabilities723.36M547.48M244M23M242M436.56M842.34M343.94M16.15M16.7M11.9M15.85M18.09M25.36M41.21M283.35M160.57M159.39M81.27M138.03M108.61M128.43M157.41M45.39M45.9M65.85M42.22M41.01M26.32M24.39M24.74M
Total Liabilities2.84B2.42B1.81B2.19B2.35B3.53B2.16B1.69B1.39B1.42B1.01B1.07B1.18B1.09B1.13B1.03B1.05B1.14B1.14B1.49B1.53B1.52B1.78B596.55M523.35M721.85M884.38M855.19M787.22M836.48M847.71M
Total Debt738.75M456.92M229M538M536M670.74M660.39M805.86M552.85M505.77M307.27M433.09M393.67M308.05M301.56M300.29M308.55M512.27M530.24M699.34M538.7M683.2M791.74M231.3M227.06M393.63M469.33M461.36M507.96M541.72M581.44M
Net Debt625.42M180.25M-412M-362M-626M-1.32B73.8M793.52M392.85M247.77M257.27M420.09M372.67M146.05M199.56M300.29M308.55M551.91M530.24M681.95M19.16M629.65M500.96M26.28M104.52M223.99M469.33M394.04M507.96M523.27M574.72M
Debt / Equity0.09x0.06x0.03x0.07x0.07x0.07x0.21x0.42x0.26x0.23x0.18x0.28x0.23x0.17x0.20x0.21x0.17x0.33x0.32x0.33x0.28x0.43x0.53x0.23x0.28x0.52x0.62x0.65x0.87x0.87x0.95x
Debt / EBITDA-5.30x4.74x0.41x2.09x0.17x0.15x0.58x8.35x0.57x0.59x0.61x1.37x0.79x0.65x1.08x1.36x0.70x-5.04x6.74x0.97x1.78x2.16x1.98x1.04x1.92x1.66x1.50x3.17x2.50x2.55x
Net Debt / EBITDA-4.49x1.87x-0.74x-1.41x-0.20x-0.29x0.07x8.23x0.40x0.29x0.51x1.32x0.75x0.31x0.71x1.36x0.70x-5.04x6.57x0.03x1.64x1.36x0.23x0.48x1.10x1.66x1.28x3.17x2.41x2.52x
Interest Coverage-8.07x-25.00x2.46x-8.35x113.54x82.94x24.35x-3.95x32.62x28.86x14.51x5.40x14.29x16.81x6.11x3.16x10.63x-4.67x-6.16x------------
Total Equity7.89B8.01B6.95B7.22B7.62B9.74B3.15B1.91B2.13B2.17B1.67B1.55B1.75B1.83B1.5B1.45B1.76B1.55B1.67B2.11B1.92B1.61B1.49B1.01B820.53M755.92M751.8M708.61M583.35M624.11M613.25M
Equity Growth %17.26%15.2%-3.72%-5.2%-21.81%209.04%65.27%-10.27%-1.92%30.02%7.76%-11.48%-4.41%21.92%3.25%-17.7%14.2%-7.35%-20.93%9.82%19.57%8.07%46.7%23.51%8.55%0.55%6.1%21.47%-6.53%1.77%15.59%
Book Value per Share100.75101.4385.7286.8280.9088.9445.9127.5828.3127.4620.5618.3320.2820.9417.2716.7320.4018.0519.4824.4822.2718.5818.8013.6611.0612.4112.3911.4611.0510.7110.62
Total Shareholders' Equity7.89B8.01B6.95B7.22B7.62B9.74B3.15B1.91B2.13B2.17B1.67B1.55B1.75B1.83B1.5B1.45B1.76B1.55B1.67B2.11B1.92B1.61B1.48B1.01B820.53M755.92M751.8M708.61M583.35M624.11M613.25M
Common Stock3.49B3.42B2.55B2.61B2.67B4.33B612.03M372.47M360.49M436.58M408.45M417.24M505.66M565.38M605.13M00572.72M492.52M000000000000
Retained Earnings4.79B4.97B4.73B4.91B5.28B5.73B2.85B1.43B1.64B1.65B1.15B1.01B1.19B1.25B903.67M869.34M1.24B1.03B1.17B1.6B1.41B1.09B985.83M760.91M612.48M551.9M522.07M470.54M357.64M393.22M372.3M
Treasury Stock0000000000000000000000000000000
Accumulated OCI-398.76M-379.39M-321M-297M-332M-316.92M-305.38M101.79M124.81M85.88M111.6M118.18M47.38M9.39M-9.05M-5.39M-72.09M-57.11M1.4M-94.08M-246.22K-382.3K-507.43K-677.84K-933.74M013.46M12.91M10.2M00
Minority Interest00000000000000000000004.67M00000000

Key Metrics

Growth RegimeContracting
ProfitabilityNegative
Balance SheetHealthy
Cash FlowBurning
Top Statement Risk

Cyclical Commodity Price Volatility

Asset Base Expansion Amid Contraction

According to recent financial statements, West Fraser's total assets grew to $10.7 billion in 2026Q1, yet this expansion appears driven by non-cash accounting adjustments rather than organic growth, as the company navigates a period of significant cyclical pressure and ongoing operational restructuring across its manufacturing footprint.

The increase in total assets despite a challenging revenue environment suggests that the company may be absorbing significant goodwill or capital investments that have yet to yield returns. Investors should monitor whether this asset growth reflects strategic positioning or merely the capitalization of costs that are failing to generate adequate operating margins.

Conservative Leverage Preserves Financial Flexibility

As reported in quarterly filings, West Fraser maintains a highly conservative capital structure with a debt-to-equity ratio of 0.09 as of 2026Q1, providing a critical buffer that allows the firm to absorb cyclical shocks without immediate reliance on external financing or distressed capital raising activities.

This minimal leverage profile is a key differentiator in the forest products sector, offering the company significant optionality during industry downturns. While the debt load has increased from 2025Q1 levels, it remains well within manageable limits, suggesting that the company is prioritizing balance sheet stability over aggressive expansion.

Liquidity Buffer Facing Cyclical Erosion

Based on the company's reported figures, cash reserves have declined significantly to $113.3 million in 2026Q1 from $1.0 billion in 2024Q2, indicating that the firm is rapidly consuming its liquidity buffer to fund operations and capital commitments during the current industry-wide cyclical trough.

The contraction in cash, coupled with a current ratio of 1.84, suggests that while the company remains solvent, its ability to withstand prolonged market weakness is diminishing. Analysts should closely watch the burn rate in subsequent quarters to determine if further production curtailments are required to preserve essential liquidity.

Goodwill Impairment Risk Remains Elevated

As indicated by the balance sheet data, goodwill has risen to $2.9 billion in 2026Q1, a trend that warrants further investigation as it may mask potential impairment risks if the underlying assets fail to meet long-term profitability expectations in the current high-cost, low-price commodity environment.

The significant concentration of goodwill relative to total equity suggests that the company's valuation is sensitive to future impairment charges. If the current negative margin environment persists, the firm may be forced to write down these intangible assets, which would negatively impact book value and overall balance sheet health.

WFG — Frequently Asked Questions

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

What are the total assets of West Fraser Timber Co. Ltd. (WFG)?

As of 2025, West Fraser Timber Co. Ltd. (WFG) had total assets of $10.44B including $1.90B in current assets.

How much debt does West Fraser Timber Co. Ltd. (WFG) have?

West Fraser Timber Co. Ltd. (WFG) carries total debt of $456.9M, offset by $276.7M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.

What is the book value or shareholders' equity of West Fraser Timber Co. Ltd.?

West Fraser Timber Co. Ltd. (WFG) has total shareholders' equity (book value) of $8.01B ($101.43 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is West Fraser Timber Co. Ltd.'s current ratio and liquidity?

West Fraser Timber Co. Ltd. (WFG) reported a current ratio of 2.13x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.