Telesat annual net debt
2020
2021
2022
2023
2024
2025
Telesat Net Debt Growth & History (TSAT)
Telesat's net debt was $2.99B for fiscal 2025.
View full Telesat company overviewTelesat annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $2.99B | $439.4M | +17.25% |
| 2024 | 2024-12-31 | $2.55B | $1.02B | +66.47% |
| 2023 | 2023-12-31 | $1.53B | −$644.4M | −29.64% |
| 2022 | 2022-12-31 | $2.17B | −$171.1M | −7.30% |
| 2021 | 2021-12-31 | $2.35B | −$25.6M | −1.08% |
| 2020 | 2020-12-31 | $2.37B | — | — |
Telesat quarterly net debt
Q4.21
Q4.22
Q4.23
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $3.41B | $712.7M | +26.41% |
| Q1 2026 | 2026-03-31 | $3.12B | $566.3M | +22.16% |
| Q4 2025 | 2025-12-31 | $2.99B | $439.4M | +17.25% |
| Q3 2025 | 2025-09-30 | $2.89B | — | — |
| Q2 2025 | 2025-06-30 | $2.70B | — | — |
| Q1 2025 | 2025-03-31 | $2.56B | — | — |
| Q4 2024 | 2024-12-31 | $2.55B | $1.02B | +66.47% |
| Q4 2023 | 2023-12-31 | $1.53B | −$644.4M | −29.64% |
| Q4 2022 | 2022-12-31 | $2.17B | −$171.1M | −7.30% |
| Q4 2021 | 2021-12-31 | $2.35B | — | — |
Telesat net debt trends
Over the last five fiscal years, Telesat's net debt increased from $2.37B to $2.99B, a change of $615.0M. The latest reported quarter, Q2 2026, shows $3.41B.
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.
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