Algonquin Power & Utilities Balance Sheet Health
Financial Health criteria checks 0/6
Algonquin Power & Utilities has a total shareholder equity of $6.4B and total debt of $7.5B, which brings its debt-to-equity ratio to 117.7%. Its total assets and total liabilities are $17.8B and $11.4B respectively. Algonquin Power & Utilities's EBIT is $457.2M making its interest coverage ratio 1.2. It has cash and short-term investments of $64.3M.
Key information
117.7%
Debt to equity ratio
US$7.49b
Debt
| Interest coverage ratio | 1.2x |
| Cash | US$64.34m |
| Equity | US$6.36b |
| Total liabilities | US$11.43b |
| Total assets | US$17.79b |
Recent financial health updates
These 4 Measures Indicate That Algonquin Power & Utilities (TSE:AQN) Is Using Debt In A Risky Way
Oct 01
Is Algonquin Power & Utilities (TSE:AQN) A Risky Investment?
Jun 26Is Algonquin Power & Utilities (TSE:AQN) Using Too Much Debt?
Dec 21These 4 Measures Indicate That Algonquin Power & Utilities (TSE:AQN) Is Using Debt Extensively
Aug 06Recent updates
Algonquin Power & Utilities Corp.'s (TSE:AQN) Intrinsic Value Is Potentially 25% Below Its Share Price
Dec 05Algonquin Power & Utilities' (TSE:AQN) Earnings Are Weaker Than They Seem
Nov 14Why Investors Shouldn't Be Surprised By Algonquin Power & Utilities Corp.'s (TSE:AQN) Low P/S
Oct 22These 4 Measures Indicate That Algonquin Power & Utilities (TSE:AQN) Is Using Debt In A Risky Way
Oct 01Calculating The Intrinsic Value Of Algonquin Power & Utilities Corp. (TSE:AQN)
Sep 06Is Algonquin Power & Utilities (TSE:AQN) A Risky Investment?
Jun 26A Piece Of The Puzzle Missing From Algonquin Power & Utilities Corp.'s (TSE:AQN) Share Price
May 14Why Algonquin Power & Utilities' (TSE:AQN) Earnings Are Better Than They Seem
Mar 15Algonquin Power & Utilities (TSE:AQN) Will Want To Turn Around Its Return Trends
Mar 04An Intrinsic Calculation For Algonquin Power & Utilities Corp. (TSE:AQN) Suggests It's 44% Undervalued
Feb 15Investors Aren't Entirely Convinced By Algonquin Power & Utilities Corp.'s (TSE:AQN) Revenues
Jan 08Is Algonquin Power & Utilities (TSE:AQN) Using Too Much Debt?
Dec 21There Are Reasons To Feel Uneasy About Algonquin Power & Utilities' (TSE:AQN) Returns On Capital
Dec 03Algonquin Power & Utilities Corp. (TSE:AQN) Shares Could Be 35% Below Their Intrinsic Value Estimate
Sep 19There Are Reasons To Feel Uneasy About Algonquin Power & Utilities' (TSE:AQN) Returns On Capital
Aug 23These 4 Measures Indicate That Algonquin Power & Utilities (TSE:AQN) Is Using Debt Extensively
Aug 06Estimating The Intrinsic Value Of Algonquin Power & Utilities Corp. (TSE:AQN)
Jun 21The Returns On Capital At Algonquin Power & Utilities (TSE:AQN) Don't Inspire Confidence
May 20Here's Why Algonquin Power & Utilities (TSE:AQN) Is Weighed Down By Its Debt Load
May 05A Look At The Fair Value Of Algonquin Power & Utilities Corp. (TSE:AQN)
Mar 17Does Algonquin Power & Utilities (TSE:AQN) Have A Healthy Balance Sheet?
Feb 02Are Investors Undervaluing Algonquin Power & Utilities Corp. (TSE:AQN) By 46%?
Oct 31Here's Why Algonquin Power & Utilities (TSE:AQN) Has A Meaningful Debt Burden
Oct 11Financial Position Analysis
Short Term Liabilities: AQN's short term assets ($1.1B) do not cover its short term liabilities ($1.2B).
Long Term Liabilities: AQN's short term assets ($1.1B) do not cover its long term liabilities ($10.2B).
Debt to Equity History and Analysis
Debt Level: AQN's net debt to equity ratio (116.7%) is considered high.
Reducing Debt: AQN's debt to equity ratio has increased from 101.4% to 117.7% over the past 5 years.
Debt Coverage: AQN's debt is not well covered by operating cash flow (8.5%).
Interest Coverage: AQN'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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 21:25 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 here.
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 .
Analyst Sources
Algonquin Power & Utilities Corp. is covered by 30 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Harshit Gupta | Accountability Research Corporation |
| Michael McGowan | BMO Capital Markets Equity Research |
| Dariusz Lozny | BofA Global Research |