Hydro One Balance Sheet Health
Financial Health criteria checks 1/6
Hydro One has a total shareholder equity of CA$12.2B and total debt of CA$17.7B, which brings its debt-to-equity ratio to 145.3%. Its total assets and total liabilities are CA$36.7B and CA$24.5B respectively. Hydro One's EBIT is CA$2.0B making its interest coverage ratio 3.3. It has cash and short-term investments of CA$716.0M.
Key information
145.3%
Debt to equity ratio
CA$17.69b
Debt
| Interest coverage ratio | 3.3x |
| Cash | CA$716.00m |
| Equity | CA$12.17b |
| Total liabilities | CA$24.51b |
| Total assets | CA$36.68b |
Recent financial health updates
Does Hydro One (TSE:H) Have A Healthy Balance Sheet?
Apr 09
Hydro One (TSE:H) Takes On Some Risk With Its Use Of Debt
Nov 23Here's Why Hydro One (TSE:H) Has A Meaningful Debt Burden
Aug 03These 4 Measures Indicate That Hydro One (TSE:H) Is Using Debt Extensively
May 04Recent updates
Does Hydro One (TSE:H) Have A Healthy Balance Sheet?
Apr 09Risks To Shareholder Returns Are Elevated At These Prices For Hydro One Limited (TSE:H)
Mar 08Does Hydro One (TSE:H) Deserve A Spot On Your Watchlist?
Jan 27Estimating The Fair Value Of Hydro One Limited (TSE:H)
Jan 10Returns On Capital At Hydro One (TSE:H) Have Stalled
Dec 25Hydro One (TSE:H) Takes On Some Risk With Its Use Of Debt
Nov 23
Calculated Investments Drive Revenue And Margins Up
Nov 07 Population growth and new projects are expected to boost Hydro One's revenue through investments in transmission and distribution.Investor Optimism Abounds Hydro One Limited (TSE:H) But Growth Is Lacking
Oct 17If EPS Growth Is Important To You, Hydro One (TSE:H) Presents An Opportunity
Oct 01Calculating The Intrinsic Value Of Hydro One Limited (TSE:H)
Sep 16Hydro One (TSE:H) Is Due To Pay A Dividend Of CA$0.3142
Aug 17Here's Why Hydro One (TSE:H) Has A Meaningful Debt Burden
Aug 03Pinning Down Hydro One Limited's (TSE:H) P/E Is Difficult Right Now
Jul 16A Look At The Intrinsic Value Of Hydro One Limited (TSE:H)
Jun 09These 4 Measures Indicate That Hydro One (TSE:H) Is Using Debt Extensively
May 04Financial Position Analysis
Short Term Liabilities: H's short term assets (CA$2.1B) do not cover its short term liabilities (CA$3.5B).
Long Term Liabilities: H's short term assets (CA$2.1B) do not cover its long term liabilities (CA$21.0B).
Debt to Equity History and Analysis
Debt Level: H's net debt to equity ratio (139.4%) is considered high.
Reducing Debt: H's debt to equity ratio has increased from 127.9% to 145.3% over the past 5 years.
Debt Coverage: H's debt is not well covered by operating cash flow (14.3%).
Interest Coverage: H's interest payments on its debt are well covered by EBIT (3.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/04/22 10:46 |
| End of Day Share Price | 2025/04/22 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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 Github.
Analyst Sources
Hydro One Limited is covered by 20 analysts. 11 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 |
|---|---|
| Harshit Gupta | Accountability Research Corporation |
| Ross Fowler | Barclays |
| Benjamin Pham | BMO Capital Markets Equity Research |