South Bow Corporation (SOBO) - Total Assets
Based on the latest financial reports, South Bow Corporation (SOBO) holds total assets worth CA$11.17 Billion CAD (≈ $8.08 Billion USD) as of December 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. See shareholders equity of South Bow Corporation for net asset value and shareholders' equity analysis.
South Bow Corporation - Total Assets Trend (2023–2025)
This chart illustrates how South Bow Corporation's total assets have evolved over time, based on quarterly financial data.
South Bow Corporation - Asset Composition Analysis
Current Asset Composition (December 2025)
South Bow Corporation's total assets of CA$11.17 Billion consist of 18.0% current assets and 82.0% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 5.1% |
| Accounts Receivable | CA$1.18 Billion | 10.5% |
| Inventory | CA$99.82 Million | 0.9% |
| Property, Plant & Equipment | CA$0.00 | 0.0% |
| Intangible Assets | CA$0.00 | 0.0% |
| Goodwill | CA$0.00 | 0.0% |
Asset Composition Trend (2023–2025)
This chart illustrates how South Bow Corporation's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see market value of South Bow Corporation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: South Bow Corporation's current assets represent 18.0% of total assets in 2025, a decrease from 21.7% in 2023.
- Cash Position: Cash and equivalents constituted 5.1% of total assets in 2025, up from 2.2% in 2023.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2023.
- Asset Diversification: The largest asset category is accounts receivable at 10.5% of total assets.
South Bow Corporation Competitors by Total Assets
Key competitors of South Bow Corporation based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Excelerate Energy Inc
NYSE:EE
|
USA | $4.10 Billion |
|
Teekay Corporation
NYSE:TK
|
USA | $2.25 Billion |
|
Transportadora de Gas del Norte SA Class C
BA:TGNO4
|
Argentina | AR$1.26 Trillion |
|
CMB.TECH NV
BR:CMBT
|
Belgium | €8.37 Billion |
|
Fluxys Belgium
BR:FLUX
|
Belgium | €3.28 Billion |
|
Enbridge Inc
TO:ENB
|
Canada | CA$218.47 Billion |
|
TC Energy Corp
TO:TRP
|
Canada | CA$118.75 Billion |
|
Pembina Pipeline Corp
TO:PPL
|
Canada | CA$35.55 Billion |
South Bow Corporation - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.50 | 1.25 | 1.26 |
| Quick Ratio | 1.43 | 1.13 | 1.18 |
| Cash Ratio | 0.00 | 0.23 | 0.00 |
| Working Capital | CA$672.77 Million | CA$437.00 Million | CA$539.00 Million |
South Bow Corporation - Advanced Valuation Insights
This section examines the relationship between South Bow Corporation's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.56 |
| Latest Market Cap to Assets Ratio | 0.64 |
| Asset Growth Rate (YoY) | -1.4% |
| Total Assets | CA$11.17 Billion |
| Market Capitalization | $7.13 Billion USD |
Valuation Analysis
Below Book Valuation: The market values South Bow Corporation's assets below their book value (0.64x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: South Bow Corporation's assets decreased by 1.4% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for South Bow Corporation (2023–2025)
The table below shows the annual total assets of South Bow Corporation from 2023 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | CA$11.17 Billion ≈ $8.08 Billion |
-1.38% |
| 2024-12-31 | CA$11.33 Billion ≈ $8.20 Billion |
-5.84% |
| 2023-12-31 | CA$12.03 Billion ≈ $8.70 Billion |
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About South Bow Corporation
South Bow Corporation operates as an energy infrastructure company. It operates through three segments: Keystone Pipeline System, Marketing, and Intra-Alberta & Other. The Keystone Pipeline System segment consists of the company's main liquids pipeline network, which transports crude oil from Hardisty, Alberta, to key U.S. markets including Wood River, Patoka, Illinois, Cushing, Oklahoma, and the… Read more