Canadian Utilities Balance Sheet Health
Financial Health criteria checks 2/6
Canadian Utilities has a total shareholder equity of CA$7.0B and total debt of CA$10.6B, which brings its debt-to-equity ratio to 151.3%. Its total assets and total liabilities are CA$22.8B and CA$15.9B respectively. Canadian Utilities's EBIT is CA$1.2B making its interest coverage ratio 3. It has cash and short-term investments of CA$616.0M.
Key information
151.3%
Debt to equity ratio
CA$10.57b
Debt
Interest coverage ratio | 3x |
Cash | CA$616.00m |
Equity | CA$6.98b |
Total liabilities | CA$15.86b |
Total assets | CA$22.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CU.X's short term assets (CA$1.4B) do not cover its short term liabilities (CA$1.6B).
Long Term Liabilities: CU.X's short term assets (CA$1.4B) do not cover its long term liabilities (CA$14.2B).
Debt to Equity History and Analysis
Debt Level: CU.X's net debt to equity ratio (142.5%) is considered high.
Reducing Debt: CU.X's debt to equity ratio has reduced from 159.2% to 151.3% over the past 5 years.
Debt Coverage: CU.X's debt is not well covered by operating cash flow (17.8%).
Interest Coverage: CU.X's interest payments on its debt are well covered by EBIT (3x coverage).