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Innergex Renewable Energy Balance Sheet Health
Financial Health criteria checks 0/6
Innergex Renewable Energy has a total shareholder equity of CA$1.5B and total debt of CA$6.7B, which brings its debt-to-equity ratio to 449.3%. Its total assets and total liabilities are CA$9.6B and CA$8.1B respectively. Innergex Renewable Energy's EBIT is CA$313.3M making its interest coverage ratio 1. It has cash and short-term investments of CA$180.6M.
Key information
449.28%
Debt to equity ratio
CA$6.65b
Debt
| Interest coverage ratio | 1x |
| Cash | CA$180.61m |
| Equity | CA$1.48b |
| Total liabilities | CA$8.08b |
| Total assets | CA$9.56b |
Recent financial health updates
Innergex Renewable Energy (TSE:INE) Use Of Debt Could Be Considered Risky
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...These 4 Measures Indicate That Innergex Renewable Energy (TSE:INE) Is Using Debt In A Risky Way
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Here's Why Innergex Renewable Energy (TSE:INE) Is Weighed Down By Its Debt Load
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Innergex Renewable Energy (TSE:INE) Has No Shortage Of Debt
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Innergex Renewable Energy (TSE:INE) Use Of Debt Could Be Considered Risky
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Innergex Renewable Energy (TSE:INE) Use Of Debt Could Be Considered Risky
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Recent updates
Boswell Springs And Hale Kuawehi Will Secure Future Success
Strong project pipeline and PPAs in Canada enhance future revenue predictability and EBITDA growth, leveraging First Nations relations.Innergex Renewable Energy (TSE:INE) Use Of Debt Could Be Considered Risky
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Unpleasant Surprises Could Be In Store For Innergex Renewable Energy Inc.'s (TSE:INE) Shares
With a median price-to-sales (or "P/S") ratio of close to 2.4x in the Renewable Energy industry in Canada, you could be...Improved Revenues Required Before Innergex Renewable Energy Inc. (TSE:INE) Stock's 27% Jump Looks Justified
The Innergex Renewable Energy Inc. ( TSE:INE ) share price has done very well over the last month, posting an excellent...These 4 Measures Indicate That Innergex Renewable Energy (TSE:INE) Is Using Debt In A Risky Way
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Cautious Investors Not Rewarding Innergex Renewable Energy Inc.'s (TSE:INE) Performance Completely
With a price-to-sales (or "P/S") ratio of 2.1x Innergex Renewable Energy Inc. ( TSE:INE ) may be sending bullish...A Look At The Fair Value Of Innergex Renewable Energy Inc. (TSE:INE)
Key Insights Innergex Renewable Energy's estimated fair value is CA$7.79 based on 2 Stage Free Cash Flow to Equity...Here's Why Innergex Renewable Energy (TSE:INE) Is Weighed Down By Its Debt Load
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Calculating The Intrinsic Value Of Innergex Renewable Energy Inc. (TSE:INE)
Key Insights The projected fair value for Innergex Renewable Energy is CA$14.35 based on 2 Stage Free Cash Flow to...Innergex Renewable Energy (TSE:INE) Has No Shortage Of Debt
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Calculating The Intrinsic Value Of Innergex Renewable Energy Inc. (TSE:INE)
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Innergex Renewable...Innergex Renewable Energy (TSE:INE) Use Of Debt Could Be Considered Risky
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Innergex Renewable Energy (TSE:INE) Use Of Debt Could Be Considered Risky
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Financial Position Analysis
Short Term Liabilities: INE's short term assets (CA$629.0M) do not cover its short term liabilities (CA$935.8M).
Long Term Liabilities: INE's short term assets (CA$629.0M) do not cover its long term liabilities (CA$7.1B).
Debt to Equity History and Analysis
Debt Level: INE's net debt to equity ratio (437.1%) is considered high.
Reducing Debt: INE's debt to equity ratio has increased from 359.3% to 449.3% over the past 5 years.
Debt Coverage: INE's debt is not well covered by operating cash flow (4.2%).
Interest Coverage: INE's interest payments on its debt are not well covered by EBIT (1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/07/21 06:36 |
| End of Day Share Price | 2025/07/21 00:00 |
| Earnings | 2025/03/31 |
| 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
Innergex Renewable Energy Inc. is covered by 7 analysts. 4 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 |
|---|---|
| Mark Westby | ATB Cormark |
| Nicholas Boychuk | ATB Cormark Historical (Cormark Securities) |
| David Galison | Canaccord Genuity |