Emera Balance Sheet Health

Financial Health criteria checks 1/6

Emera has a total shareholder equity of CA$12.6B and total debt of CA$19.5B, which brings its debt-to-equity ratio to 155.6%. Its total assets and total liabilities are CA$39.8B and CA$27.2B respectively. Emera's EBIT is CA$1.4B making its interest coverage ratio 1.5. It has cash and short-term investments of CA$348.0M.

Key information

155.6%

Debt to equity ratio

CA$19.55b

Debt

Interest coverage ratio1.5x
CashCA$348.00m
EquityCA$12.56b
Total liabilitiesCA$27.22b
Total assetsCA$39.78b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: EMA.PRJ's short term assets (CA$3.2B) do not cover its short term liabilities (CA$4.1B).

Long Term Liabilities: EMA.PRJ'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.PRJ's net debt to equity ratio (152.9%) is considered high.

Reducing Debt: EMA.PRJ's debt to equity ratio has reduced from 180.6% to 155.6% over the past 5 years.

Debt Coverage: EMA.PRJ's debt is not well covered by operating cash flow (12.7%).

Interest Coverage: EMA.PRJ's interest payments on its debt are not well covered by EBIT (1.5x coverage).


Balance Sheet


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