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
Is Canadian Utilities (TSE:CU) A Risky Investment?
Oct 14
Canadian Utilities (TSE:CU) Seems To Be Using A Lot Of Debt
Jul 15Canadian Utilities (TSE:CU) Seems To Be Using A Lot Of Debt
Apr 02Recent updates
Canadian 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 15Canadian Utilities Limited's (TSE:CU) Intrinsic Value Is Potentially 42% Above Its Share Price
Jun 20Some Confidence Is Lacking In Canadian Utilities Limited's (TSE:CU) P/E
Jun 07Analysts Have Made A Financial Statement On Canadian Utilities Limited's (TSE:CU) First-Quarter Report
May 04Canadian 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 04Financial Position Analysis
Short Term Liabilities: CU's short term assets (CA$1.1B) exceed its short term liabilities (CA$691.0M).
Long Term Liabilities: CU'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's net debt to equity ratio (147.3%) is considered high.
Reducing Debt: CU's debt to equity ratio has increased from 131.4% to 152.9% over the past 5 years.
Debt Coverage: CU's debt is not well covered by operating cash flow (17.2%).
Interest Coverage: CU's interest payments on its debt are not well covered by EBIT (2.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 09:02 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 here.
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 .
Analyst Sources
Canadian Utilities Limited is covered by 12 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 Allen Fowler | Barclays |
| Benjamin Pham | BMO Capital Markets Equity Research |
| Robert Hastings | Canaccord Genuity |