Canadian Utilities Balance Sheet Health
Financial Health criteria checks 2/6
Canadian Utilities has a total shareholder equity of CA$7.2B and total debt of CA$10.4B, which brings its debt-to-equity ratio to 144.4%. Its total assets and total liabilities are CA$23.1B and CA$15.8B respectively. Canadian Utilities's EBIT is CA$1.0B making its interest coverage ratio 2.5. It has cash and short-term investments of CA$257.0M.
Key information
144.4%
Debt to equity ratio
CA$10.44b
Debt
Interest coverage ratio | 2.5x |
Cash | CA$257.00m |
Equity | CA$7.23b |
Total liabilities | CA$15.85b |
Total assets | CA$23.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CU.PRF's short term assets (CA$1.3B) exceed its short term liabilities (CA$1.2B).
Long Term Liabilities: CU.PRF's short term assets (CA$1.3B) do not cover its long term liabilities (CA$14.6B).
Debt to Equity History and Analysis
Debt Level: CU.PRF's net debt to equity ratio (140.8%) is considered high.
Reducing Debt: CU.PRF's debt to equity ratio has reduced from 160.3% to 144.4% over the past 5 years.
Debt Coverage: CU.PRF's debt is not well covered by operating cash flow (16.7%).
Interest Coverage: CU.PRF's interest payments on its debt are not well covered by EBIT (2.5x coverage).