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$10.5B, which brings its debt-to-equity ratio to 147.2%. Its total assets and total liabilities are CA$23.2B and CA$16.0B 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$427.0M.
Key information
147.2%
Debt to equity ratio
CA$10.54b
Debt
| Interest coverage ratio | 2.5x |
| Cash | CA$427.00m |
| Equity | CA$7.16b |
| Total liabilities | CA$16.00b |
| Total assets | CA$23.16b |
Recent financial health updates
Canadian Utilities (TSE:CU) Seems To Be Using A Lot Of Debt
Apr 02
These 4 Measures Indicate That Canadian Utilities (TSE:CU) Is Using Debt Extensively
Oct 23Here's Why Canadian Utilities (TSE:CU) Has A Meaningful Debt Burden
Jun 20We Think Canadian Utilities (TSE:CU) Is Taking Some Risk With Its Debt
Mar 22Here's Why Canadian Utilities (TSE:CU) Has A Meaningful Debt Burden
Sep 11Is Canadian Utilities (TSE:CU) Using Too Much Debt?
Apr 04Recent updates
Canadian Utilities (TSE:CU) Has Affirmed Its Dividend Of CA$0.4531
Apr 22Canadian Utilities (TSE:CU) Seems To Be Using A Lot Of Debt
Apr 02Canadian Utilities (TSE:CU) Has Some Way To Go To Become A Multi-Bagger
Mar 04Canadian Utilities' (TSE:CU) Upcoming Dividend Will Be Larger Than Last Year's
Jan 19Unpleasant Surprises Could Be In Store For Canadian Utilities Limited's (TSE:CU) Shares
Jan 04Returns On Capital At Canadian Utilities (TSE:CU) Have Hit The Brakes
Nov 27These 4 Measures Indicate That Canadian Utilities (TSE:CU) Is Using Debt Extensively
Oct 23Canadian Utilities (TSE:CU) Is Paying Out A Dividend Of CA$0.4486
Oct 06Canadian Utilities' (TSE:CU) Dividend Will Be CA$0.4486
Aug 01Canadian Utilities' (TSE:CU) Dividend Will Be CA$0.4486
Jul 18Here's Why Canadian Utilities (TSE:CU) Has A Meaningful Debt Burden
Jun 20Canadian Utilities (TSE:CU) Is Increasing Its Dividend To CA$0.4486
Apr 20Return Trends At Canadian Utilities (TSE:CU) Aren't Appealing
Apr 07We Think Canadian Utilities (TSE:CU) Is Taking Some Risk With Its Debt
Mar 22Canadian Utilities Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Mar 05Canadian Utilities (TSE:CU) Is Increasing Its Dividend To CA$0.4486
Jan 20The Returns At Canadian Utilities (TSE:CU) Aren't Growing
Dec 23Canadian Utilities (TSE:CU) Is Due To Pay A Dividend Of CA$0.4442
Oct 20Here's Why Canadian Utilities (TSE:CU) Has A Meaningful Debt Burden
Sep 11Canadian Utilities (TSE:CU) Is Paying Out A Dividend Of CA$0.4442
Jul 21Canadian Utilities (TSE:CU) Could Be Struggling To Allocate Capital
May 27New Forecasts: Here's What Analysts Think The Future Holds For Canadian Utilities Limited (TSE:CU)
May 06Canadian Utilities (TSE:CU) Will Pay A Dividend Of CA$0.44
Apr 21Is Canadian Utilities (TSE:CU) Using Too Much Debt?
Apr 04Canadian Utilities (TSE:CU) Has Announced A Dividend Of CA$0.44
Jan 21Canadian Utilities (TSE:CU) Could Be Struggling To Allocate Capital
Jan 01Canadian Utilities (TSE:CU) Will Be Hoping To Turn Its Returns On Capital Around
Sep 30Financial Position Analysis
Short Term Liabilities: CU's short term assets (CA$1.4B) exceed its short term liabilities (CA$1.4B).
Long Term Liabilities: CU's short term assets (CA$1.4B) do not cover its long term liabilities (CA$14.6B).
Debt to Equity History and Analysis
Debt Level: CU's net debt to equity ratio (141.3%) is considered high.
Reducing Debt: CU's debt to equity ratio has reduced from 159.8% to 147.2% over the past 5 years.
Debt Coverage: CU's debt is not well covered by operating cash flow (16.9%).
Interest Coverage: CU's interest payments on its debt are not well covered by EBIT (2.5x coverage).