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 ratio | 1.5x |
| Cash | CA$348.00m |
| Equity | CA$12.56b |
| Total liabilities | CA$27.22b |
| Total assets | CA$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).