Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084 (BIPJ) Financials

BIPJ

FY2025 annual

Revenue $23.1B +9.8% YoY

Net Income $2.5B +50.4% YoY

Free Cash Flow -$53.0M +83.5% YoY

Operating Cash Flow $6.0B +28.3% YoY

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Mar 17, 2026 Currency USD FYE December

Newest figures come from the 10-K for FY2025, filed Mar 17, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BIPJ SEC filings page.

Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084 (BIPJ) reported $23.1B in revenue for fiscal year 2025, up 9.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BIPJ FY2025 2026-10-04

The business converts earnings into operating cash, but heavy reinvestment and obligations leave little free cash for flexibility.

In FY2025, operating cash flow of $6.0B was well above net income of $2.5B, showing reported profit was cash-backed rather than merely accounting-based. Yet capital expenditures absorbed nearly all operating cash at $6.0B, leaving free cash flow at -$53M; the business generates cash operationally while its asset base demands substantial reinvestment.

Free cash flow was $1.6B in FY2023 but turned negative at -$322M in FY2024. It remained slightly negative at -$53M in FY2025, so rising revenue and net income have not produced a stable pool of discretionary cash.

Short-term liquidity remains tight: current assets of $12.0B were below current liabilities of $15.3B in FY2025, reflected in a 0.8x current ratio. A financing cash inflow of $7.8B alongside investing outflow of $12.7B indicates the investment program was not funded solely by internally generated cash.

Financial Health Signals

Financial health score not available

Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084 does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

5/7

Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084 passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.36x

For every $1 of reported earnings, Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084 generates $2.36 in operating cash flow ($6.0B OCF vs $2.5B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt

$3.2B

YoY+54.6%

QoQ+36.7%

Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084 held $3.2B in cash against $4.0B in long-term debt as of Q4 2025.

Free Cash Flow

Not reported for Q4 2025.

Dividends Per Share

Not reported for Q4 2025.

Shares Outstanding

Not reported for Q4 2025.

Margins & Returns

None of these metrics is reported for Q4 2025.

Capital Allocation

None of these metrics is reported for Q4 2025.

BIPJ Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BIPJ quarterly income statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Revenue	$23.1B+9.8%	$21.0B+17.3%	$17.9B+24.3%	$14.4B+25.0%	$11.5B+29.8%	$8.9B+34.7%	$6.6B+41.8%	$4.7B+31.6%	$3.5B+67.1%	$2.1B+14.0%	$1.9B
Interest Expense	$3.9B+14.2%	$3.4B+35.4%	$2.5B+34.8%	$1.9B+26.4%	$1.5B+24.5%	$1.2B+30.4%	$904.0M+62.9%	$555.0M+29.7%	$428.0M+9.2%	$392.0M+6.8%	$367.0M
Income Tax	$589.0M+118.1%	$270.0M-53.5%	$581.0M+3.8%	$560.0M-8.8%	$614.0M+111.0%	$291.0M+4.7%	$278.0M-23.6%	$364.0M+110.4%	$173.0M+1053.3%	$15.0M+475.0%	-$4.0M
Net Income	$2.5B+50.4%	$1.7B+16.2%	$1.4B+5.3%	$1.4B-49.4%	$2.7B+200.8%	$904.0M+39.1%	$650.0M-19.4%	$806.0M+40.4%	$574.0M+8.7%	$528.0M+35.0%	$391.0M

Metric	Q4'2510-K	Q2'2510-Q	Q4'2410-K	Q2'2410-Q	Q4'2310-K	Q2'2310-Q	Q4'2210-K	Q2'2210-Q
Revenue	N/A	$5.4B+5.7%	N/A	$5.1B+20.7%	N/A	$4.3B+15.6%	N/A	$3.7B+38.2%
Interest Expense	N/A	$909.0M+10.0%	N/A	$826.0M+45.7%	N/A	$567.0M+20.9%	N/A	$469.0M+29.6%
Net Income	N/A	$252.0M+37.0%	N/A	$184.0M-76.2%	N/A	$773.0M+81.9%	N/A	$425.0M-67.5%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Income Tax, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

BIPJ Balance Sheet

BIPJ quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Total Assets	$128.2B+22.5%	$104.6B+3.8%	$100.8B+38.1%	$73.0B-1.3%	$74.0B+20.6%	$61.3B+8.9%	$56.3B+53.9%	$36.6B+24.1%	$29.5B+38.6%	$21.3B+20.0%	$17.7B
Current Assets	$12.0B+24.7%	$9.6B+20.4%	$8.0B+19.3%	$6.7B+36.6%	$4.9B+31.9%	$3.7B-36.5%	$5.8B+156.6%	$2.3B+50.5%	$1.5B-7.4%	$1.6B+5.1%	$1.6B
Cash & Equivalents	$3.2B+54.6%	$2.1B+11.5%	$1.9B+45.2%	$1.3B-9.0%	$1.4B+62.2%	$867.0M+4.8%	$827.0M+53.1%	$540.0M+44.4%	$374.0M-52.4%	$786.0M+295.0%	$199.0M
Inventory	$583.0M+28.4%	$454.0M-11.3%	$512.0M-3.6%	$531.0M+32.8%	$400.0M+81.0%	$221.0M-8.7%	$242.0M+71.6%	$141.0M+30.6%	$108.0M+6.9%	$101.0M	N/A
Accounts Receivable	$5.3B+19.8%	$4.5B-4.7%	$4.7B+77.9%	$2.6B+19.2%	$2.2B+14.5%	$1.9B-1.8%	$2.0B+67.4%	$1.2B+39.7%	$838.0M+66.3%	$504.0M	N/A
Goodwill	$19.2B+36.2%	$14.1B-2.7%	$14.5B+64.8%	$8.8B-2.1%	$9.0B+35.3%	$6.6B+1.2%	$6.6B+69.8%	$3.9B+196.6%	$1.3B+159.2%	$502.0M	N/A
Total Liabilities	$92.6B+23.9%	$74.7B+11.9%	$66.8B+40.8%	$47.4B-0.3%	$47.6B+20.0%	$39.7B+16.2%	$34.1B+55.8%	$21.9B+36.9%	$16.0B+37.6%	$11.6B+10.2%	$10.6B
Current Liabilities	$15.3B+40.0%	$10.9B-6.9%	$11.7B+39.7%	$8.4B-3.3%	$8.7B+56.8%	$5.5B+1.6%	$5.4B+125.0%	$2.4B+54.5%	$1.6B+3.2%	$1.5B+25.2%	$1.2B
Non-Current Liabilities	$77.3B+21.2%	$63.8B+15.9%	$55.1B+41.0%	$39.0B+0.3%	$38.9B+14.0%	$34.1B+19.0%	$28.7B+47.2%	$19.5B+35.0%	$14.4B+42.7%	$10.1B+8.2%	$9.3B
Long-Term Debt	$4.0B-11.9%	$4.5B+41.0%	$3.2B+5.3%	$3.0B-11.3%	$3.4B-4.8%	$3.6B+124.0%	$1.6B	N/A	$10.2B+22.1%	$8.3B	N/A
Total Equity	$35.5B+19.1%	$29.9B-12.2%	$34.0B+33.1%	$25.6B-3.2%	$26.4B+21.8%	$21.7B-2.3%	$22.2B+51.2%	$14.7B+8.9%	$13.5B+39.7%	$9.6B+34.4%	$7.2B
Retained Earnings	-$6.1B-7.4%	-$5.7B-28.4%	-$4.4B-29.1%	-$3.4B-35.8%	-$2.5B+8.4%	-$2.8B-34.4%	-$2.0B-66.8%	-$1.2B+10.1%	-$1.4B-96.0%	-$697.0M	N/A

Metric	Q4'2510-K	Q2'2510-Q	Q4'2410-K	Q2'2410-Q	Q4'2310-K	Q2'2310-Q	Q4'2210-K	Q2'2210-Q
Total Assets	$128.2B+22.5%	$108.7B+7.7%	$104.6B+3.8%	$100.9B+23.5%	$100.8B+38.1%	$81.7B+10.5%	$73.0B-1.3%	$73.9B+22.6%
Current Assets	$12.0B+24.7%	$12.2B+63.2%	$9.6B+20.4%	$7.5B+18.4%	$8.0B+19.3%	$6.3B+8.2%	$6.7B+36.6%	$5.8B-0.9%
Cash & Equivalents	$3.2B+54.6%	$2.3B+76.6%	$2.1B+11.5%	$1.3B-3.9%	$1.9B+45.2%	$1.4B+6.1%	$1.3B-9.0%	$1.3B+2.0%
Inventory	$583.0M+28.4%	$470.0M-1.5%	$454.0M-11.3%	$477.0M+0.4%	$512.0M-3.6%	$475.0M+3.7%	$531.0M+32.8%	$458.0M+60.7%
Accounts Receivable	$5.3B+19.8%	$4.9B+10.0%	$4.5B-4.7%	$4.5B+28.4%	$4.7B+77.9%	$3.5B+50.1%	$2.6B+19.2%	$2.3B+13.5%
Goodwill	$19.2B+36.2%	$14.5B+3.1%	$14.1B-2.7%	$14.1B+13.8%	$14.5B+64.8%	$12.4B+38.4%	$8.8B-2.1%	$9.0B+31.4%
Total Liabilities	$92.6B+23.9%	$79.0B+11.7%	$74.7B+11.9%	$70.8B+33.4%	$66.8B+40.8%	$53.0B+10.8%	$47.4B-0.3%	$47.9B+23.3%
Current Liabilities	$15.3B+40.0%	$13.8B+49.5%	$10.9B-6.9%	$9.2B-5.3%	$11.7B+39.7%	$9.7B+9.3%	$8.4B-3.3%	$8.9B+26.8%
Non-Current Liabilities	$77.3B+21.2%	$65.3B+6.0%	$63.8B+15.9%	$61.6B+42.1%	$55.1B+41.0%	$43.3B+11.2%	$39.0B+0.3%	$39.0B+22.5%
Long-Term Debt	$4.0B-11.9%	$4.5B+13.0%	$4.5B+41.0%	$3.9B+29.0%	$3.2B+5.3%	$3.1B-5.8%	$3.0B-11.3%	$3.2B-1.5%
Total Equity	$35.5B+19.1%	$29.6B-1.5%	$29.9B-12.2%	$30.1B+5.2%	$34.0B+33.1%	$28.6B+9.9%	$25.6B-3.2%	$26.0B+21.4%
Retained Earnings	-$6.1B-7.4%	-$6.3B-24.1%	-$5.7B-28.4%	-$5.1B-35.2%	-$4.4B-29.1%	-$3.7B-30.8%	-$3.4B-35.8%	-$2.9B-12.3%

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.

BIPJ Cash Flow Statement

BIPJ quarterly cash flow statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Operating Cash Flow	$6.0B+28.3%	$4.7B+14.1%	$4.1B+30.2%	$3.1B+13.0%	$2.8B+9.6%	$2.5B+18.1%	$2.1B+57.3%	$1.4B-8.0%	$1.5B+96.7%	$753.0M+19.1%	$632.0M
Depreciation & Amortization	$4.0B+10.4%	$3.6B+33.0%	$2.7B+26.9%	$2.2B+6.0%	$2.0B+19.4%	$1.7B+40.4%	$1.2B+51.6%	$801.0M+19.4%	$671.0M+50.1%	$447.0M+19.2%	$375.0M
Capital Expenditures	$6.0B+21.1%	$5.0B+100.0%	$2.5B-10.4%	$2.8B+34.3%	$2.1B+40.4%	$1.5B+24.5%	$1.2B+40.9%	$839.0M+17.5%	$714.0M+3.5%	$690.0M+32.7%	$520.0M
Free Cash Flow	-$53.0M+83.5%	-$322.0M-120.2%	$1.6B+346.9%	$356.0M-49.5%	$705.0M-33.4%	$1.1B+10.1%	$961.0M+83.7%	$523.0M-31.8%	$767.0M+1117.5%	$63.0M-43.8%	$112.0M
Investing Cash Flow	-$12.7B-83.5%	-$6.9B+46.9%	-$13.0B-286.0%	-$3.4B-186.9%	-$1.2B+74.5%	-$4.6B+59.5%	-$11.4B-104.4%	-$5.6B+2.7%	-$5.7B-440.7%	-$1.1B+54.9%	-$2.3B
Financing Cash Flow	$7.8B+199.3%	$2.6B-72.3%	$9.4B+16719.6%	$56.0M+105.6%	-$995.0M-146.8%	$2.1B-77.7%	$9.5B+116.0%	$4.4B+15.8%	$3.8B+324.2%	$899.0M-49.0%	$1.8B

Metric	Q4'2510-K	Q2'2510-Q	Q4'2410-K	Q2'2410-Q	Q4'2310-K	Q2'2310-Q	Q4'2210-K	Q2'2210-Q
Operating Cash Flow	N/A	$1.2B+12.5%	N/A	$1.1B+9.0%	N/A	$970.0M+32.2%	N/A	$734.0M+30.1%
Depreciation & Amortization	N/A	$941.0M+6.7%	N/A	$882.0M+39.6%	N/A	$632.0M+14.5%	N/A	$552.0M+12.2%
Capital Expenditures	N/A	$1.0B+2.9%	N/A	$991.0M+73.3%	N/A	$572.0M-22.2%	N/A	$735.0M+77.5%
Free Cash Flow	N/A	$169.0M+156.1%	N/A	$66.0M-83.4%	N/A	$398.0M+39900.0%	N/A	-$1.0M-100.7%
Investing Cash Flow	N/A	-$460.0M+61.2%	N/A	-$1.2B-256.2%	N/A	$760.0M+230.1%	N/A	-$584.0M-128.9%
Financing Cash Flow	N/A	$105.0M+238.2%	N/A	-$76.0M+96.0%	N/A	-$1.9B-177.5%	N/A	-$690.0M+72.1%

Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.

BIPJ Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BIPJ quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Net Margin	11.0%+3.0pp	8.0%-0.1pp	8.1%-1.4pp	9.5%-14.0pp	23.6%+13.4pp	10.2%+0.3pp	9.8%-7.5pp	17.3%+1.1pp	16.2%-8.7pp	25.0%+3.9pp	21.1%
Return on Equity	7.1%+1.5pp	5.6%+1.4pp	4.3%-1.1pp	5.4%-4.9pp	10.3%+6.1pp	4.2%+1.2pp	2.9%-2.6pp	5.5%+1.2pp	4.3%-1.2pp	5.5%0.0pp	5.5%
Return on Assets	2.0%+0.4pp	1.6%+0.2pp	1.4%-0.4pp	1.9%-1.8pp	3.7%+2.2pp	1.5%+0.3pp	1.1%-1.0pp	2.2%+0.2pp	1.9%-0.5pp	2.5%+0.3pp	2.2%
Current Ratio	0.78-0.1x	0.88+0.2x	0.68-0.1x	0.80+0.2x	0.57-0.1x	0.67-0.4x	1.07+0.1x	0.940.0x	0.97-0.1x	1.08-0.2x	1.28
Debt-to-Equity	0.110.0x	0.15+0.1x	0.090.0x	0.120.0x	0.130.0x	0.17+0.1x	0.07-1.4x	1.49+0.7x	0.75-0.1x	0.86-0.6x	1.47
Asset Turnover	0.180.0x	0.200.0x	0.180.0x	0.200.0x	0.160.0x	0.140.0x	0.120.0x	0.130.0x	0.120.0x	0.100.0x	0.10
FCF Margin	-0.2%+1.3pp	-1.5%-10.4pp	8.9%+6.4pp	2.5%-3.6pp	6.1%-5.8pp	11.9%-2.7pp	14.6%+3.3pp	11.2%-10.5pp	21.7%+18.7pp	3.0%-3.1pp	6.0%

Metric	Q4'2510-K	Q2'2510-Q	Q4'2410-K	Q2'2410-Q	Q4'2310-K	Q2'2310-Q	Q4'2210-K	Q2'2210-Q
Net Margin	N/A	4.6%+1.1pp	N/A	3.6%-14.6pp	N/A	18.2%+6.6pp	N/A	11.6%-37.5pp
Return on Equity	N/A	0.9%+0.2pp	N/A	0.6%-2.1pp	N/A	2.7%+1.1pp	N/A	1.6%-4.5pp
Return on Assets	N/A	0.2%+0.1pp	N/A	0.2%-0.8pp	N/A	0.9%+0.4pp	N/A	0.6%-1.6pp
Current Ratio	0.78-0.1x	0.88+0.1x	0.88+0.2x	0.81+0.2x	0.68-0.1x	0.650.0x	0.80+0.2x	0.65-0.2x
Debt-to-Equity	0.110.0x	0.150.0x	0.15+0.1x	0.130.0x	0.090.0x	0.110.0x	0.120.0x	0.120.0x
Asset Turnover	N/A	0.050.0x	N/A	0.050.0x	N/A	0.050.0x	N/A	0.050.0x
FCF Margin	N/A	3.1%+1.8pp	N/A	1.3%-8.1pp	N/A	9.3%+9.4pp	N/A	0.0%-5.7pp

Not reported in any period shown, so not listed: Gross Margin, Operating Margin.

Note: The current ratio is below 1.0 (0.78), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Where Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084 Ranks

Frequently Asked Questions

What is Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084's annual revenue?

Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084 (BIPJ) reported $23.1B in total revenue for fiscal year 2025. This represents a 9.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084's revenue growing?

Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084 (BIPJ) revenue grew by 9.8% year-over-year, from $21.0B to $23.1B in fiscal year 2025.

Is Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084 profitable?

Yes, Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084 (BIPJ) reported a net income of $2.5B in fiscal year 2025, with a net profit margin of 11.0%.

How much debt does Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084 have?

As of fiscal year 2025, Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084 (BIPJ) had $3.2B in cash and equivalents against $4.0B in long-term debt.

What is Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084's net profit margin?

Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084 (BIPJ) had a net profit margin of 11.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084's return on equity (ROE)?

Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084 (BIPJ) has a return on equity of 7.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084's free cash flow?

Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084 (BIPJ) recorded an outflow of $53.0M in free cash flow during fiscal year 2025. This represents a 83.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084's operating cash flow?

Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084 (BIPJ) generated $6.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084's total assets?

Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084 (BIPJ) had $128.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084's capital expenditures?

Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084 (BIPJ) invested $6.0B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084's current ratio?

Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084 (BIPJ) had a current ratio of 0.78 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084's debt-to-equity ratio?

Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084 (BIPJ) had a debt-to-equity ratio of 0.11 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084's return on assets (ROA)?

Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084 (BIPJ) had a return on assets of 2.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084's Piotroski F-Score?

Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084 (BIPJ) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084's earnings high quality?

Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084 (BIPJ) has an earnings quality ratio of 2.36x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.