Canadian Utilities Balance Sheet Health
Financial Health criteria checks 1/6
Canadian Utilities has a total shareholder equity of CA$7.2B and total debt of CA$11.3B, which brings its debt-to-equity ratio to 156.2%. Its total assets and total liabilities are CA$24.1B and CA$16.9B respectively. Canadian Utilities's EBIT is CA$970.0M making its interest coverage ratio 2.2. It has cash and short-term investments of CA$575.0M.
Key information
156.16%
Debt to equity ratio
CA$11.26b
Debt
| Interest coverage ratio | 2.2x |
| Cash | CA$575.00m |
| Equity | CA$7.21b |
| Total liabilities | CA$16.91b |
| Total assets | CA$24.12b |
Recent financial health updates
Does Canadian Utilities (TSE:CU) Have A Healthy Balance Sheet?
Jul 10
Canadian Utilities (TSE:CU) Use Of Debt Could Be Considered Risky
Apr 07Is Canadian Utilities (TSE:CU) A Risky Investment?
Oct 14Canadian Utilities (TSE:CU) Seems To Be Using A Lot Of Debt
Jul 15Recent updates
Does Canadian Utilities (TSE:CU) Have A Healthy Balance Sheet?
Jul 10
CAD 58 Billion Investment Will Expand Alberta Energy Infrastructure
Significant investments in regulated utility assets and infrastructure support steady revenue growth and resilience, driven by rising demand and a gradual energy transition.Returns On Capital At Canadian Utilities (TSE:CU) Paint A Concerning Picture
Jun 14Canadian Utilities (TSE:CU) Is Due To Pay A Dividend Of CA$0.4577
Apr 17Canadian Utilities (TSE:CU) Use Of Debt Could Be Considered Risky
Apr 07Risks To Shareholder Returns Are Elevated At These Prices For Canadian Utilities Limited (TSE:CU)
Feb 22Canadian Utilities (TSE:CU) Will Pay A Larger Dividend Than Last Year At CA$0.4577
Feb 03Canadian Utilities' (TSE:CU) Shareholders Will Receive A Bigger Dividend Than Last Year
Jan 17Be Wary Of Canadian Utilities (TSE:CU) And Its Returns On Capital
Jan 09Canadian Utilities (TSE:CU) Has Affirmed Its Dividend Of CA$0.4531
Oct 22Is Canadian Utilities (TSE:CU) A Risky Investment?
Oct 14Investor Optimism Abounds Canadian Utilities Limited (TSE:CU) But Growth Is Lacking
Sep 23Canadian Utilities (TSE:CU) Will Be Hoping To Turn Its Returns On Capital Around
Aug 19Canadian Utilities (TSE:CU) Will Pay A Dividend Of CA$0.4531
Jul 22Canadian Utilities (TSE:CU) Seems To Be Using A Lot Of Debt
Jul 15Financial Position Analysis
Short Term Liabilities: CU's short term assets (CA$1.4B) exceed its short term liabilities (CA$1.3B).
Long Term Liabilities: CU's short term assets (CA$1.4B) do not cover its long term liabilities (CA$15.6B).
Debt to Equity History and Analysis
Debt Level: CU's net debt to equity ratio (148.2%) is considered high.
Reducing Debt: CU's debt to equity ratio has increased from 126% to 156.2% over the past 5 years.
Debt Coverage: CU's debt is not well covered by operating cash flow (18.2%).
Interest Coverage: CU's interest payments on its debt are not well covered by EBIT (2.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/07/14 04:11 |
| End of Day Share Price | 2025/07/11 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
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.
Analysis Model and Snowflake
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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 Github.
Analyst Sources
Canadian Utilities Limited is covered by 14 analysts. 5 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 |
|---|---|
| Ross Fowler | Barclays |
| Benjamin Pham | BMO Capital Markets Equity Research |
| Robert Hastings | Canaccord Genuity |