Ballard Power Systems Current Ratio Growth & History (BLDP)
Ballard Power Systems's current ratio was 9.86 for fiscal 2025.
View full Ballard Power Systems company overviewBallard Power Systems annual current ratio history
| Fiscal year | Period ended | Current ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 9.86 | 0.61 | +6.64% |
| 2024 | 2024-12-31 | 9.25 | −3.00 | −24.53% |
| 2023 | 2023-12-31 | 12.25 | −1.81 | −12.85% |
| 2022 | 2022-12-31 | 14.06 | −0.72 | −4.90% |
| 2021 | 2021-12-31 | 14.78 | −1.62 | −9.87% |
| 2020 | 2020-12-31 | 16.40 | 12.84 | +360.99% |
| 2019 | 2019-12-31 | 3.56 | −1.93 | −35.12% |
| 2018 | 2018-12-31 | 5.48 | 2.88 | +110.27% |
| 2017 | 2017-12-31 | 2.61 | 0.10 | +4.17% |
| 2016 | 2016-12-31 | 2.50 | — | — |
Ballard Power Systems quarterly current ratio
| Fiscal quarter | Period ended | Current ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 11.19 | 1.88 | +20.20% |
| Q1 2026 | 2026-03-31 | 10.70 | — | — |
| Q4 2025 | 2025-12-31 | 9.86 | 0.61 | +6.64% |
| Q3 2025 | 2025-09-30 | 8.33 | — | — |
| Q2 2025 | 2025-06-30 | 9.31 | — | — |
| Q4 2024 | 2024-12-31 | 9.25 | −3.00 | −24.53% |
| Q4 2023 | 2023-12-31 | 12.25 | −1.81 | −12.85% |
| Q4 2022 | 2022-12-31 | 14.06 | −0.72 | −4.90% |
| Q4 2021 | 2021-12-31 | 14.78 | −1.62 | −9.87% |
| Q4 2020 | 2020-12-31 | 16.40 | 12.84 | +360.99% |
| Q4 2019 | 2019-12-31 | 3.56 | −1.93 | −35.12% |
| Q4 2018 | 2018-12-31 | 5.48 | 2.88 | +110.27% |
| Q4 2017 | 2017-12-31 | 2.61 | 0.10 | +4.17% |
| Q4 2016 | 2016-12-31 | 2.50 | — | — |
Ballard Power Systems current ratio trends
Over the last five fiscal years, Ballard Power Systems's current ratio decreased from 16.40 to 9.86, a change of −6.54. The latest reported quarter, Q2 2026, shows 11.19.
What the current ratio means
The current ratio compares short-term assets with obligations due within roughly one year. A higher ratio generally indicates more short-term balance-sheet coverage, but normal levels vary by industry and business model.
How the current ratio is calculated
TickerStat calculates the current ratio as SEC-reported current assets divided by SEC-reported current liabilities for the same balance-sheet date. Periods without a positive current-liability value are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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