Boralex Balance Sheet Health
Financial Health criteria checks 1/6
Boralex has a total shareholder equity of CA$2.1B and total debt of CA$3.4B, which brings its debt-to-equity ratio to 158.2%. Its total assets and total liabilities are CA$6.9B and CA$4.7B respectively. Boralex's EBIT is CA$275.0M making its interest coverage ratio 2.4. It has cash and short-term investments of CA$602.0M.
Key information
158.2%
Debt to equity ratio
CA$3.35b
Debt
| Interest coverage ratio | 2.4x |
| Cash | CA$602.00m |
| Equity | CA$2.12b |
| Total liabilities | CA$4.75b |
| Total assets | CA$6.87b |
Recent financial health updates
We Think Boralex (TSE:BLX) Is Taking Some Risk With Its Debt
Sep 04
Boralex (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 02Does Boralex (TSE:BLX) Have A Healthy Balance Sheet?
Jan 27Recent updates
We 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 06Estimating The Fair Value Of Boralex Inc. (TSE:BLX)
Feb 03Does Boralex (TSE:BLX) Have A Healthy Balance Sheet?
Dec 19Here's Why We Think Boralex (TSE:BLX) Is Well Worth Watching
Nov 19Boralex (TSE:BLX) Will Want To Turn Around Its Return Trends
Nov 02We Think Boralex (TSE:BLX) Is Taking Some Risk With Its Debt
Aug 31Financial Position Analysis
Short Term Liabilities: BLX's short term assets (CA$836.0M) do not cover its short term liabilities (CA$875.0M).
Long Term Liabilities: BLX's short term assets (CA$836.0M) 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 (129.8%) is considered high.
Reducing Debt: BLX's debt to equity ratio has reduced from 411.3% to 158.2% over the past 5 years.
Debt Coverage: BLX's debt is not well covered by operating cash flow (14.2%).
Interest Coverage: BLX's interest payments on its debt are not well covered by EBIT (2.4x coverage).