Boralex Balance Sheet Health
Financial Health criteria checks 1/6
Boralex has a total shareholder equity of CA$2.0B and total debt of CA$3.4B, which brings its debt-to-equity ratio to 169.6%. Its total assets and total liabilities are CA$6.6B and CA$4.6B respectively. Boralex's EBIT is CA$271.0M making its interest coverage ratio 2.4. It has cash and short-term investments of CA$288.0M.
Key information
169.6%
Debt to equity ratio
CA$3.43b
Debt
| Interest coverage ratio | 2.4x |
| Cash | CA$288.00m |
| Equity | CA$2.02b |
| Total liabilities | CA$4.57b |
| Total assets | CA$6.59b |
Recent financial health updates
Is Boralex (TSE:BLX) A Risky Investment?
Jan 09
We Think Boralex (TSE:BLX) Is Taking Some Risk With Its Debt
Sep 04Boralex (TSE:BLX) Takes On Some Risk With Its Use Of Debt
Feb 13Here's Why Boralex (TSE:BLX) Is Weighed Down By Its Debt Load
Nov 02Is Boralex (TSE:BLX) A Risky Investment?
Aug 01Boralex (TSE:BLX) Has A Somewhat Strained Balance Sheet
May 02Recent updates
Is Boralex (TSE:BLX) A Risky Investment?
Jan 09We Ran A Stock Scan For Earnings Growth And Boralex (TSE:BLX) Passed With Ease
Oct 22Boralex Inc.'s (TSE:BLX) P/E Still Appears To Be Reasonable
Oct 04Boralex (TSE:BLX) Is Doing The Right Things To Multiply Its Share Price
Sep 19We Think Boralex (TSE:BLX) Is Taking Some Risk With Its Debt
Sep 04Returns Are Gaining Momentum At Boralex (TSE:BLX)
Jun 09Boralex Inc.'s (TSE:BLX) Popularity With Investors Is Clear
Apr 09Boralex (TSE:BLX) Takes On Some Risk With Its Use Of Debt
Feb 13Boralex (TSE:BLX) Is Experiencing Growth In Returns On Capital
Dec 02Here's Why Boralex (TSE:BLX) Is Weighed Down By Its Debt Load
Nov 02Returns At Boralex (TSE:BLX) Appear To Be Weighed Down
Aug 17Is Boralex (TSE:BLX) A Risky Investment?
Aug 01Industry Analysts Just Upgraded Their Boralex Inc. (TSE:BLX) Revenue Forecasts By 10%
May 11Boralex (TSE:BLX) Has A Somewhat Strained Balance Sheet
May 02Boralex's (TSE:BLX) Returns On Capital Are Heading Higher
Apr 17Calculating The Fair Value Of Boralex Inc. (TSE:BLX)
Mar 20Here's Why We Think Boralex (TSE:BLX) Might Deserve Your Attention Today
Feb 27Does Boralex (TSE:BLX) Have A Healthy Balance Sheet?
Jan 27Boralex (TSE:BLX) Is Experiencing Growth In Returns On Capital
Jan 14Here's Why We Think Boralex (TSE:BLX) Might Deserve Your Attention Today
Nov 28A Look At The Fair Value Of Boralex Inc. (TSE:BLX)
Nov 08Returns Are Gaining Momentum At Boralex (TSE:BLX)
Oct 11Boralex (TSE:BLX) Seems To Use Debt Quite Sensibly
Sep 29With EPS Growth And More, Boralex (TSE:BLX) Makes An Interesting Case
Aug 22Calculating The Intrinsic Value Of Boralex Inc. (TSE:BLX)
Aug 08Boralex (TSE:BLX) Is Experiencing Growth In Returns On Capital
Jul 07Boralex (TSE:BLX) Takes On Some Risk With Its Use Of Debt
Jun 15Returns On Capital At Boralex (TSE:BLX) Have Stalled
Mar 06Financial Position Analysis
Short Term Liabilities: BLX's short term assets (CA$562.0M) do not cover its short term liabilities (CA$657.0M).
Long Term Liabilities: BLX's short term assets (CA$562.0M) do not cover its long term liabilities (CA$3.9B).
Debt to Equity History and Analysis
Debt Level: BLX's net debt to equity ratio (155.4%) is considered high.
Reducing Debt: BLX's debt to equity ratio has reduced from 438.1% to 169.6% over the past 5 years.
Debt Coverage: BLX's debt is not well covered by operating cash flow (8.5%).
Interest Coverage: BLX's interest payments on its debt are not well covered by EBIT (2.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/10 23:21 |
| End of Day Share Price | 2025/01/10 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
Boralex Inc. is covered by 25 analysts. 6 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 |
|---|---|
| Mark Westby | ATB Capital Markets |
| Benjamin Pham | BMO Capital Markets Equity Research |
| Massimo Fiore | Cantor Fitzgerald Canada Corporation |