Ballard Power Systems annual net debt
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Ballard Power Systems Net Debt Growth & History (BLDP)
Ballard Power Systems's net debt was −$504.9M for fiscal 2025.
View full Ballard Power Systems company overviewBallard Power Systems annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −$504.9M | $75.1M | — |
| 2024 | 2024-12-31 | −$580.1M | $153.2M | — |
| 2023 | 2023-12-31 | −$733.2M | $164.8M | — |
| 2022 | 2022-12-31 | −$898.0M | $208.8M | — |
| 2021 | 2021-12-31 | −$1.11B | −$361.2M | — |
| 2020 | 2020-12-31 | −$745.6M | −$617.5M | — |
| 2019 | 2019-12-31 | −$128.0M | $64.2M | — |
| 2018 | 2018-12-31 | −$192.2M | −$132.0M | — |
| 2017 | 2017-12-31 | −$60.3M | $11.9M | — |
| 2016 | 2016-12-31 | −$72.1M | — | — |
Ballard Power Systems quarterly net debt
Q4.17
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$482.4M | $43.9M | — |
| Q1 2026 | 2026-03-31 | −$495.8M | — | — |
| Q4 2025 | 2025-12-31 | −$504.9M | $75.1M | — |
| Q3 2025 | 2025-09-30 | −$503.2M | — | — |
| Q2 2025 | 2025-06-30 | −$526.3M | — | — |
| Q4 2024 | 2024-12-31 | −$580.1M | $153.2M | — |
| Q4 2023 | 2023-12-31 | −$733.2M | $164.8M | — |
| Q4 2022 | 2022-12-31 | −$898.0M | $208.8M | — |
| Q4 2021 | 2021-12-31 | −$1.11B | −$361.2M | — |
| Q4 2020 | 2020-12-31 | −$745.6M | −$617.5M | — |
| Q4 2019 | 2019-12-31 | −$128.0M | $64.2M | — |
| Q4 2018 | 2018-12-31 | −$192.2M | −$132.0M | — |
| Q4 2017 | 2017-12-31 | −$60.3M | — | — |
Ballard Power Systems net debt trends
Over the last five fiscal years, Ballard Power Systems's net debt increased from −$745.6M to −$504.9M, a change of $240.6M. The latest reported quarter, Q2 2026, shows −$482.4M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Ballard Power Systems source filings ↗