Cardinal Infrastructure Group Inc. balance sheet

At the end of fiscal 2025, Cardinal Infrastructure Group Inc. had total assets of $395m, total liabilities of $255m and shareholders' equity of $58.5m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Cardinal Infrastructure Group Inc.: balance sheet, annual
Fiscal year	2023Dec 2023	2024Dec 2024	2025Dec 2025
Receivables	34	38	61
Total current assets	—	77	216
Goodwill	7	7	24
Total assets	—	140	395
Accounts payable	—	38	61
Deferred revenue (current)	—	14	11
Total current liabilities	—	71	92
Long-term debt	—	37	113
Total debt	—	48	119
Total liabilities	—	117	255
Shareholders' equity	7	23	58
Non-controlling interests and other (assets − liabilities − equity)	—	—	81

US$ millions unless shown otherwise. Fiscal quarters.

Cardinal Infrastructure Group Inc.: balance sheet, quarterly
Quarter	2025 Q1Mar 2025	2025 Q2Jun 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	—	—	97	114
Total current assets	—	—	228	555
Goodwill	—	—	129	133
Total assets	—	—	657	1,014
Accounts payable	—	—	95	112
Deferred revenue (current)	—	—	10	9
Total current liabilities	—	—	132	154
Long-term debt	—	—	186	186
Total debt	—	—	186	186
Total liabilities	—	—	395	421
Shareholders' equity	30	38	262	245
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	348

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

More: Construction & Engineering stocks compared, Industrials sector, rankings of US companies

Figures from Cardinal Infrastructure Group Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Cardinal Infrastructure Group Inc.