Canadian Utilities Balance Sheet Health
Financial Health criteria checks 1/6
Canadian Utilities has a total shareholder equity of CA$7.1B and total debt of CA$10.8B, which brings its debt-to-equity ratio to 152.9%. Its total assets and total liabilities are CA$23.3B and CA$16.2B respectively. Canadian Utilities's EBIT is CA$890.0M making its interest coverage ratio 2.1. It has cash and short-term investments of CA$397.0M.
Key information
152.9%
Debt to equity ratio
CA$10.83b
Debt
| Interest coverage ratio | 2.1x |
| Cash | CA$397.00m |
| Equity | CA$7.09b |
| Total liabilities | CA$16.18b |
| Total assets | CA$23.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CU.PRJ's short term assets (CA$1.1B) exceed its short term liabilities (CA$691.0M).
Long Term Liabilities: CU.PRJ's short term assets (CA$1.1B) do not cover its long term liabilities (CA$15.5B).
Debt to Equity History and Analysis
Debt Level: CU.PRJ's net debt to equity ratio (147.3%) is considered high.
Reducing Debt: CU.PRJ's debt to equity ratio has increased from 131.4% to 152.9% over the past 5 years.
Debt Coverage: CU.PRJ's debt is not well covered by operating cash flow (17.2%).
Interest Coverage: CU.PRJ's interest payments on its debt are not well covered by EBIT (2.1x coverage).