Cascades Inc. (TSX:CAS)

Cascades Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	103	48	27	54	102	174
Trading Asset Securities	-	-	1	-	-	-
Cash & Short-Term Investments	103	48	28	54	102	174
Cash Growth	41.10%	71.43%	-48.15%	-47.06%	-41.38%	-54.69%
Accounts Receivable	530	390	446	431	525	479
Other Receivables	16	48	27	34	42	50
Receivables	546	438	473	465	567	529
Inventory	737	661	685	568	587	494
Other Current Assets	9	4	-	1	9	1
Total Current Assets	1,395	1,151	1,186	1,088	1,265	1,198
Property, Plant & Equipment	2,613	2,649	2,847	2,808	2,945	2,522
Long-Term Investments	68	70	100	97	97	89
Goodwill	-	490	503	481	487	472
Other Intangible Assets	527	31	42	56	74	89
Long-Term Deferred Tax Assets	179	174	168	167	114	138
Long-Term Deferred Charges	-	22	21	20	19	-
Other Long-Term Assets	109	50	48	46	44	50
Total Assets	4,891	4,673	4,948	4,772	5,053	4,566

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	792	518	554	508	538	524
Accrued Expenses	-	104	102	135	136	183
Short-Term Debt	-	-	10	-	3	1
Current Portion of Long-Term Debt	76	-	177	8	80	31
Current Portion of Leases	-	70	65	59	54	43
Current Income Taxes Payable	5	4	2	6	4	12
Current Unearned Revenue	-	75	92	60	72	-
Other Current Liabilities	51	36	85	43	30	28
Total Current Liabilities	924	807	1,087	819	917	822
Long-Term Debt	1,890	1,684	1,683	1,740	1,777	1,323
Long-Term Leases	-	190	188	130	154	127
Pension & Post-Retirement Benefits	-	25	40	46	55	89
Long-Term Deferred Tax Liabilities	105	97	81	143	132	192
Other Long-Term Liabilities	134	115	98	113	90	86
Total Liabilities	3,053	2,918	3,177	2,991	3,125	2,639

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	631	619	616	613	611	614
Additional Paid-In Capital	16	17	16	15	14	14
Retained Earnings	1,098	1,042	1,019	1,096	1,212	1,274
Comprehensive Income & Other	64	43	73	15	34	-23
Total Common Equity	1,809	1,721	1,724	1,739	1,871	1,879
Minority Interest	29	34	47	42	57	48
Shareholders' Equity	1,838	1,755	1,771	1,781	1,928	1,927
Total Liabilities & Equity	4,891	4,673	4,948	4,772	5,053	4,566

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	1,966	1,944	2,123	1,937	2,068	1,525
Net Cash (Debt)	-1,863	-1,896	-2,095	-1,883	-1,966	-1,351
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-18.25	-18.69	-20.72	-18.65	-19.45	-13.26
Filing Date Shares Outstanding	101.65	101.31	100.99	100.71	100.36	100.86
Total Common Shares Outstanding	101.65	101.27	100.99	100.7	100.36	100.86
Working Capital	471	344	99	269	348	376
Book Value Per Share	17.80	16.99	17.07	17.27	18.64	18.63
Tangible Book Value	1,282	1,200	1,179	1,202	1,310	1,318
Tangible Book Value Per Share	12.61	11.85	11.67	11.94	13.05	13.07
Land	-	141	150	139	117	112
Buildings	-	1,123	1,230	1,160	1,152	930
Machinery	-	3,759	4,057	3,927	3,992	3,500

Data Source: S&P Global Market Intelligence Last updated: Nov 5, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 11, 2026

Data Sources Report a data error