GFL Environmental Inc.

TSX:GFL Stock Report

Market Cap: CA$21.3b

GFL Environmental Balance Sheet Health

Financial Health criteria checks 1/6

GFL Environmental has a total shareholder equity of CA$7.8B and total debt of CA$7.4B, which brings its debt-to-equity ratio to 94.2%. Its total assets and total liabilities are CA$19.4B and CA$11.5B respectively. GFL Environmental's EBIT is CA$657.6M making its interest coverage ratio 1.2. It has cash and short-term investments of CA$194.6M.

Key information

94.16%

Debt to equity ratio

CA$7.35b

Debt

Interest coverage ratio1.2x
CashCA$194.60m
EquityCA$7.81b
Total liabilitiesCA$11.55b
Total assetsCA$19.36b

Recent financial health updates

We Think GFL Environmental (TSE:GFL) Is Taking Some Risk With Its Debt

Oct 28
We Think GFL Environmental (TSE:GFL) Is Taking Some Risk With Its Debt

Is GFL Environmental (TSE:GFL) A Risky Investment?

Jul 07
Is GFL Environmental (TSE:GFL) A Risky Investment?

These 4 Measures Indicate That GFL Environmental (TSE:GFL) Is Using Debt Reasonably Well

Mar 20
These 4 Measures Indicate That GFL Environmental (TSE:GFL) Is Using Debt Reasonably Well

Recent updates

GFL Environmental Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Nov 12
GFL Environmental Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

We Think GFL Environmental (TSE:GFL) Is Taking Some Risk With Its Debt

Oct 28
We Think GFL Environmental (TSE:GFL) Is Taking Some Risk With Its Debt

At CA$65.31, Is It Time To Put GFL Environmental Inc. (TSE:GFL) On Your Watch List?

Sep 13
At CA$65.31, Is It Time To Put GFL Environmental Inc. (TSE:GFL) On Your Watch List?

There May Be Underlying Issues With The Quality Of GFL Environmental's (TSE:GFL) Earnings

Aug 08
There May Be Underlying Issues With The Quality Of GFL Environmental's (TSE:GFL) Earnings

Revenues Not Telling The Story For GFL Environmental Inc. (TSE:GFL)

Jul 23
Revenues Not Telling The Story For GFL Environmental Inc. (TSE:GFL)

Is GFL Environmental (TSE:GFL) A Risky Investment?

Jul 07
Is GFL Environmental (TSE:GFL) A Risky Investment?

GFL Environmental Inc. (TSE:GFL) Shares Could Be 25% Below Their Intrinsic Value Estimate

Jun 22
GFL Environmental Inc. (TSE:GFL) Shares Could Be 25% Below Their Intrinsic Value Estimate

We Think Some Shareholders May Hesitate To Increase GFL Environmental Inc.'s (TSE:GFL) CEO Compensation

May 07
We Think Some Shareholders May Hesitate To Increase GFL Environmental Inc.'s (TSE:GFL) CEO Compensation

These 4 Measures Indicate That GFL Environmental (TSE:GFL) Is Using Debt Reasonably Well

Mar 20
These 4 Measures Indicate That GFL Environmental (TSE:GFL) Is Using Debt Reasonably Well

GFL Environmental Inc. (TSE:GFL) Just Released Its Full-Year Earnings: Here's What Analysts Think

Mar 03
GFL Environmental Inc. (TSE:GFL) Just Released Its Full-Year Earnings: Here's What Analysts Think

What Does GFL Environmental Inc.'s (TSE:GFL) Share Price Indicate?

Feb 18
What Does GFL Environmental Inc.'s (TSE:GFL) Share Price Indicate?
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Renewable Strategies And Tactical Divestitures Propel Growth And Financial Resilience

GFL's strategy of focusing on recycling and renewable natural gas is driving revenue and earnings growth through disciplined pricing and operational efficiencies.

Financial Position Analysis

Short Term Liabilities: GFL's short term assets (CA$1.4B) do not cover its short term liabilities (CA$2.0B).

Long Term Liabilities: GFL's short term assets (CA$1.4B) do not cover its long term liabilities (CA$9.6B).

Debt to Equity History and Analysis

Debt Level: GFL's net debt to equity ratio (91.7%) is considered high.

Reducing Debt: GFL's debt to equity ratio has reduced from 110.4% to 94.2% over the past 5 years.

Debt Coverage: GFL's debt is not well covered by operating cash flow (19.5%).

Interest Coverage: GFL's interest payments on its debt are not well covered by EBIT (1.2x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/19 07:00
End of Day Share Price 2026/01/19 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

GFL Environmental Inc. is covered by 31 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Christopher MurrayATB Capital Markets
William GrippinBarclays
Moses SuttonBarclays