Ballard Financial Statements From 2010 to 2025

Ballard Power Balance Sheet		Trends
Current Value Last Year Historical Average  10 Year Trend Total Assets 494.6 M 777.3 M 486.5 M Slightly volatile Short and Long Term Debt Total 21.6 M 20.6 M 14.5 M Slightly volatile Other Current Liabilities 5.3 M 5.6 M 29 M Slightly volatile Total Current Liabilities 47.1 M 75.6 M 47.9 M Slightly volatile Total Stockholder Equity 429.6 M 673 M 418.6 M Slightly volatile Property Plant And Equipment Net 46.1 M 30.4 M 36.9 M Slightly volatile Accounts Payable 10.2 M 12.3 M 9.7 M Slightly volatile Cash 634.1 M 603.9 M 337.1 M Slightly volatile Non Current Assets Total 118.5 M 78.4 M 104.6 M Slightly volatile Non Currrent Assets Other 470.2 K 495 K 291 K Slightly volatile Cash And Short Term Investments 909.5 M 866.2 M 373.6 M Slightly volatile Net Receivables 22.2 M 24.2 M 26.3 M Slightly volatile Common Stock Shares Outstanding 314.4 M 299.4 M 192.2 M Slightly volatile Liabilities And Stockholders Equity 1.3 B 1.2 B 565.8 M Slightly volatile Non Current Liabilities Total 16 M 28.7 M 21 M Very volatile Inventory 59.2 M 56.4 M 29.2 M Slightly volatile Other Current Assets 6.2 M 4.4 M 7.4 M Slightly volatile Other Stockholder Equity 391.8 M 275.4 M 281.9 M Slightly volatile Total Liabilities 63.1 M 104.3 M 68.9 M Slightly volatile Property Plant And Equipment Gross 236.3 M 225.1 M 75.3 M Slightly volatile Total Current Assets 733.8 M 698.9 M 404.3 M Slightly volatile Short Term Debt 3.9 M 4.1 M 3.2 M Very volatile Other Assets 267.5 K 425.5 K 298.1 K Slightly volatile Short Term Investments 2 M 2.1 M 15.8 M Slightly volatile Intangible Assets 1.7 M 1.8 M 10.4 M Slightly volatile Common Stock Total Equity 1.1 B 2.2 B 1.3 B Slightly volatile Common Stock 1.4 B 2.8 B 1.4 B Slightly volatile Other Liabilities 2.7 M 2.8 M 9.8 M Slightly volatile Net Tangible Assets 1.3 B 1.3 B 476.4 M Slightly volatile Long Term Investments 27.7 M 45.8 M 20.6 M Slightly volatile Property Plant Equipment 99.5 M 94.7 M 42.1 M Slightly volatile Long Term Debt 5.7 M 5.6 M 7.1 M Slightly volatile Deferred Long Term Liabilities 2.9 M 2.7 M 3.4 M Slightly volatile Long Term Debt Total 11.4 M 13.6 M 9.6 M Slightly volatile Capital Surpluse 323.2 M 345.9 M 299.2 M Slightly volatile Capital Lease Obligations 16.1 M 23.9 M 11.9 M Slightly volatile Cash And Equivalents 1.1 B 1.1 B 423.6 M Slightly volatile Net Invested Capital 784.4 M 673 M 458 M Slightly volatile Net Working Capital 655 M 623.3 M 366.4 M Slightly volatile Capital Stock 2.2 B 2.4 B 1.6 B Slightly volatile
Ballard Power Income Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Depreciation And Amortization 9.9 M 12.2 M 7.3 M Slightly volatile Interest Expense 2.3 M 2.1 M 1.2 M Slightly volatile Selling General Administrative 18.5 M 37 M 16.5 M Slightly volatile Total Revenue 69.3 M 69.7 M 78.8 M Slightly volatile Other Operating Expenses 320.3 M 305.1 M 143.9 M Slightly volatile Research Development 52.4 M 94.5 M 39.5 M Slightly volatile Cost Of Revenue 54.8 M 91.7 M 68.1 M Slightly volatile Total Operating Expenses 234.4 M 223.2 M 80.5 M Slightly volatile Selling And Marketing Expenses 10 M 17.4 M 9.6 M Slightly volatile Interest Income 17.8 M 16.9 M 7.1 M Slightly volatile Reconciled Depreciation 10.1 M 12 M 7.5 M Slightly volatile
Ballard Power Cash Flow Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Begin Period Cash Flow 788.7 M 751.1 M 312.1 M Slightly volatile Depreciation 9.9 M 12 M 7.3 M Slightly volatile Capital Expenditures 29 M 27.6 M 13.2 M Slightly volatile End Period Cash Flow 634.1 M 603.9 M 337.1 M Slightly volatile Stock Based Compensation 5.3 M 7.5 M 4.9 M Slightly volatile
Financial Ratios		Trends
Current Value Last Year Historical Average  10 Year Trend Price To Sales Ratio 6.77 7.1277 11.4484 Slightly volatile PTB Ratio 0.7 0.7385 2.8372 Pretty Stable Days Sales Outstanding 149 167 132 Slightly volatile Book Value Per Share 3.28 2.2477 1.8332 Slightly volatile Average Payables 8.6 M 15.5 M 15.7 M Pretty Stable Stock Based Compensation To Revenue 0.11 0.1069 0.0639 Slightly volatile Capex To Depreciation 1.66 2.3066 1.4334 Slightly volatile PB Ratio 0.7 0.7385 2.8372 Pretty Stable Inventory Turnover 1.54 1.6256 3.257 Slightly volatile Days Of Inventory On Hand 236 225 138 Slightly volatile Payables Turnover 4.53 7.4563 7.8843 Pretty Stable Sales General And Administrative To Revenue 0.35 0.3372 0.2141 Slightly volatile Average Inventory 11.5 M 17.9 M 18.6 M Very volatile Research And Ddevelopement To Revenue 0.87 1.3551 0.4982 Slightly volatile Capex To Revenue 0.25 0.3961 0.1484 Slightly volatile Cash Per Share 1.93 2.0241 1.2969 Slightly volatile Days Payables Outstanding 46.5 48.9516 51.6102 Very volatile Intangibles To Total Assets 0.0021 0.0023 0.1859 Slightly volatile Current Ratio 4.89 9.2461 6.1952 Slightly volatile Tangible Book Value Per Share 2.53 2.2418 1.5162 Slightly volatile Receivables Turnover 2.68 2.1803 3.3008 Slightly volatile Shareholders Equity Per Share 3.26 2.2477 1.8416 Slightly volatile Debt To Equity 0.0337 0.0355 0.0973 Slightly volatile Capex Per Share 0.1 0.0922 0.0561 Slightly volatile Average Receivables 11.3 M 17 M 17.4 M Pretty Stable Revenue Per Share 0.22 0.2329 0.4674 Slightly volatile Interest Debt Per Share 0.065 0.087 0.1018 Slightly volatile Debt To Assets 0.0525 0.0307 0.0613 Slightly volatile Graham Number 1.91 3.73 3.8465 Very volatile Operating Cycle 211 392 259 Slightly volatile Price Book Value Ratio 0.7 0.7385 2.8372 Pretty Stable Days Of Payables Outstanding 46.5 48.9516 51.6102 Very volatile Ebt Per Ebit 1.85 1.7644 1.1819 Slightly volatile Company Equity Multiplier 1.44 1.155 1.4108 Slightly volatile Total Debt To Capitalization 0.0326 0.0343 0.0813 Slightly volatile Debt Equity Ratio 0.0337 0.0355 0.0973 Slightly volatile Quick Ratio 4.58 8.4997 5.691 Slightly volatile Net Income Per E B T 0.84 1.0026 1.0046 Pretty Stable Cash Ratio 8.39 7.9902 5.1409 Slightly volatile Cash Conversion Cycle 360 343 220 Slightly volatile Days Of Inventory Outstanding 236 225 138 Slightly volatile Days Of Sales Outstanding 149 167 132 Slightly volatile Free Cash Flow Operating Cash Flow Ratio 1.83 1.2555 1.383 Slightly volatile Price To Book Ratio 0.7 0.7385 2.8372 Pretty Stable Fixed Asset Turnover 1.77 2.292 3.0974 Slightly volatile Debt Ratio 0.0525 0.0307 0.0613 Slightly volatile Price Sales Ratio 6.77 7.1277 11.4484 Slightly volatile Asset Turnover 0.0852 0.0897 0.3102 Slightly volatile Price Fair Value 0.7 0.7385 2.8372 Pretty Stable
Ballard Power Valuation Data		Trends
Current Value Last Year Historical Average  10 Year Trend Market Cap 740 M 497 M 1.1 B Slightly volatile

About Ballard Power Financial Statements

Pair Trading with Ballard Power

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ballard Power position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ballard Power will appreciate offsetting losses from the drop in the long position's value.When determining whether Ballard Power Systems is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Ballard Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Ballard Power Systems Stock. Highlighted below are key reports to facilitate an investment decision about Ballard Power Systems Stock:

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Please note, there is a significant difference between Ballard Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ballard Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ballard Power's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.