Algonquin Power & Utilities Balance Sheet Health
Financial Health criteria checks 0/6
Algonquin Power & Utilities has a total shareholder equity of $6.9B and total debt of $8.5B, which brings its debt-to-equity ratio to 122.9%. Its total assets and total liabilities are $18.4B and $11.4B respectively. Algonquin Power & Utilities's EBIT is $477.8M making its interest coverage ratio 1.4. It has cash and short-term investments of $56.1M.
Key information
122.9%
Debt to equity ratio
US$8.53b
Debt
Interest coverage ratio | 1.4x |
Cash | US$56.14m |
Equity | US$6.94b |
Total liabilities | US$11.43b |
Total assets | US$18.37b |
Recent financial health updates
Is 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 06Here's Why Algonquin Power & Utilities (TSE:AQN) Is Weighed Down By Its Debt Load
May 05Does Algonquin Power & Utilities (TSE:AQN) Have A Healthy Balance Sheet?
Feb 02Here's Why Algonquin Power & Utilities (TSE:AQN) Has A Meaningful Debt Burden
Oct 11These 4 Measures Indicate That Algonquin Power & Utilities (TSE:AQN) Is Using Debt Extensively
Jul 06Recent updates
Why 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 11Are Investors Undervaluing Algonquin Power & Utilities Corp. (TSE:AQN) By 39%?
Jul 26These 4 Measures Indicate That Algonquin Power & Utilities (TSE:AQN) Is Using Debt Extensively
Jul 06Are Investors Undervaluing Algonquin Power & Utilities Corp. (TSE:AQN) By 27%?
Apr 07Is Algonquin Power & Utilities (TSE:AQN) Using Too Much Debt?
Mar 23Is Algonquin Power & Utilities (TSE:AQN) A Risky Investment?
Dec 19Here's Why I Think Algonquin Power & Utilities (TSE:AQN) Is An Interesting Stock
Dec 01Algonquin Power & Utilities (TSE:AQN) Has A Somewhat Strained Balance Sheet
Sep 12Does Algonquin Power & Utilities (TSE:AQN) Deserve A Spot On Your Watchlist?
Aug 21Is Algonquin Power & Utilities Corp. (TSE:AQN) Trading At A 43% Discount?
Aug 06Algonquin Power & Utilities (TSE:AQN) Use Of Debt Could Be Considered Risky
Jun 06Financial Position Analysis
Short Term Liabilities: AQN's short term assets ($1.1B) do not cover its short term liabilities ($1.7B).
Long Term Liabilities: AQN's short term assets ($1.1B) do not cover its long term liabilities ($9.7B).
Debt to Equity History and Analysis
Debt Level: AQN's net debt to equity ratio (122.1%) is considered high.
Reducing Debt: AQN's debt to equity ratio has increased from 82.6% to 122.9% over the past 5 years.
Debt Coverage: AQN's debt is not well covered by operating cash flow (7.4%).
Interest Coverage: AQN's interest payments on its debt are not well covered by EBIT (1.4x coverage).