Emera Balance Sheet Health
Financial Health criteria checks 1/6
Emera has a total shareholder equity of CA$12.4B and total debt of CA$20.0B, which brings its debt-to-equity ratio to 160.6%. Its total assets and total liabilities are CA$40.0B and CA$27.6B respectively. Emera's EBIT is CA$1.4B making its interest coverage ratio 1.5. It has cash and short-term investments of CA$258.0M.
Key information
160.6%
Debt to equity ratio
CA$19.98b
Debt
Interest coverage ratio | 1.5x |
Cash | CA$258.00m |
Equity | CA$12.44b |
Total liabilities | CA$27.59b |
Total assets | CA$40.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EMA.PRC's short term assets (CA$3.2B) do not cover its short term liabilities (CA$4.4B).
Long Term Liabilities: EMA.PRC's short term assets (CA$3.2B) do not cover its long term liabilities (CA$23.2B).
Debt to Equity History and Analysis
Debt Level: EMA.PRC's net debt to equity ratio (158.5%) is considered high.
Reducing Debt: EMA.PRC's debt to equity ratio has reduced from 187% to 160.6% over the past 5 years.
Debt Coverage: EMA.PRC's debt is not well covered by operating cash flow (11.8%).
Interest Coverage: EMA.PRC's interest payments on its debt are not well covered by EBIT (1.5x coverage).