Hydro One Balance Sheet Health
Financial Health criteria checks 1/6
Hydro One has a total shareholder equity of CA$12.0B and total debt of CA$16.4B, which brings its debt-to-equity ratio to 136.6%. Its total assets and total liabilities are CA$34.2B and CA$22.2B respectively. Hydro One's EBIT is CA$1.9B making its interest coverage ratio 3.3. It has cash and short-term investments of CA$74.0M.
Key information
136.6%
Debt to equity ratio
CA$16.38b
Debt
| Interest coverage ratio | 3.3x |
| Cash | CA$74.00m |
| Equity | CA$11.99b |
| Total liabilities | CA$22.20b |
| Total assets | CA$34.19b |
Recent financial health updates
Here's Why Hydro One (TSE:H) Has A Meaningful Debt Burden
Aug 03
These 4 Measures Indicate That Hydro One (TSE:H) Is Using Debt Extensively
May 04Is Hydro One (TSE:H) Using Too Much Debt?
Dec 14We Think Hydro One (TSE:H) Is Taking Some Risk With Its Debt
Sep 11Here's Why Hydro One (TSE:H) Has A Meaningful Debt Burden
May 29These 4 Measures Indicate That Hydro One (TSE:H) Is Using Debt Extensively
Feb 10Recent updates
Calculating 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 04Returns On Capital At Hydro One (TSE:H) Have Hit The Brakes
Apr 15Returns On Capital At Hydro One (TSE:H) Have Hit The Brakes
Dec 30Is Hydro One (TSE:H) Using Too Much Debt?
Dec 14A Look At The Fair Value Of Hydro One Limited (TSE:H)
Nov 29Returns On Capital At Hydro One (TSE:H) Have Stalled
Sep 29We Think Hydro One (TSE:H) Is Taking Some Risk With Its Debt
Sep 11A Look At The Fair Value Of Hydro One Limited (TSE:H)
Aug 24Hydro One (TSE:H) Has Some Way To Go To Become A Multi-Bagger
Jun 16Here's Why Hydro One (TSE:H) Has A Meaningful Debt Burden
May 29Hydro One (TSE:H) Is Increasing Its Dividend To CA$0.2964
May 11Hydro One's (TSE:H) Returns On Capital Are Heading Higher
Feb 28These 4 Measures Indicate That Hydro One (TSE:H) Is Using Debt Extensively
Feb 10Here's Why We Think Hydro One (TSE:H) Is Well Worth Watching
Dec 27There's Been No Shortage Of Growth Recently For Hydro One's (TSE:H) Returns On Capital
Nov 27A Look At The Fair Value Of Hydro One Limited (TSE:H)
Jul 29Here's Why Hydro One (TSE:H) Has A Meaningful Debt Burden
Jul 11Hydro One (TSE:H) Will Pay A Larger Dividend Than Last Year At CA$0.28
May 10Here's Why Hydro One (TSE:H) Has A Meaningful Debt Burden
Mar 28We Think Hydro One (TSE:H) Is Taking Some Risk With Its Debt
Dec 15Hydro One (TSE:H) Has A Somewhat Strained Balance Sheet
Sep 11Estimating The Intrinsic Value Of Hydro One Limited (TSE:H)
Jun 29Here's Why Hydro One (TSE:H) Has A Meaningful Debt Burden
Jun 13I Ran A Stock Scan For Earnings Growth And Hydro One (TSE:H) Passed With Ease
May 28Is Hydro One Limited (TSE:H) An Attractive Dividend Stock?
Mar 26Only Four Days Left To Cash In On Hydro One's (TSE:H) Dividend
Mar 11Financial Position Analysis
Short Term Liabilities: H's short term assets (CA$1.4B) do not cover its short term liabilities (CA$3.5B).
Long Term Liabilities: H's short term assets (CA$1.4B) do not cover its long term liabilities (CA$18.7B).
Debt to Equity History and Analysis
Debt Level: H's net debt to equity ratio (136%) is considered high.
Reducing Debt: H's debt to equity ratio has increased from 129.8% to 136.6% over the past 5 years.
Debt Coverage: H's debt is not well covered by operating cash flow (16%).
Interest Coverage: H's interest payments on its debt are well covered by EBIT (3.3x coverage).