North American Construction Group Ltd. balance sheet

At the end of fiscal 2025, North American Construction Group Ltd. had total assets of $1.33bn, total liabilities of $994m and shareholders' equity of $333m. It held $73.0m in cash against $664m of debt: net debt of $591m.

Balance sheet

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

North American Construction Group Ltd.: balance sheet, annual
Fiscal year	2010Mar 2010	2011Mar 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	—	—	1	13	1	23	10	7	14	4	34	13	51	67	54	73
Receivables	—	132	153	64	56	17	29	37	50	35	19	41	30	50	49	40
Inventory	—	8	11	6	6	2	3	4	10	17	15	35	37	49	48	55
Total current assets	—	259	255	120	130	57	56	71	95	91	94	115	170	224	226	264
Goodwill	—	34	33	0	—	—	—	—	—	—	—	0	0	0	0	0
Total assets	—	703	696	419	394	260	261	306	506	612	658	680	724	1,171	1,177	1,327
Accounts payable	—	89	110	46	50	18	22	28	47	68	32	60	76	111	77	74
Deferred revenue (current)	—	—	—	—	—	—	—	1	3	0	1	3	1	0	1	17
Total current liabilities	—	171	185	88	82	45	55	62	109	121	86	126	142	245	219	300
Short-term debt	—	15	26	14	0	4	6	0	22	14	13	15	15	—	—	—
Long-term debt	—	299	312	71	55	30	23	56	195	242	268	240	265	463	500	547
Total debt	0	315	351	85	55	39	29	56	217	256	280	255	311	525	558	664
Total liabilities	—	551	563	239	230	136	142	190	395	473	463	462	498	901	907	994
Shareholders' equity	178	152	133	180	163	124	118	117	110	139	195	218	226	270	270	333
Net debt (negative = net cash)	—	—	350	72	55	16	19	49	203	252	246	242	260	458	504	591
Shares outstanding	36m	36m	36m	35m	35m	33m	31m	28m	27m	28m	31m	30m	28m	28m	28m	29m

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.

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Figures from North American Construction Group Ltd.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to North American Construction Group Ltd.