Innergex Renewable Energy Balance Sheet Health
Financial Health criteria checks 0/6
Innergex Renewable Energy has a total shareholder equity of CA$1.2B and total debt of CA$6.3B, which brings its debt-to-equity ratio to 521.1%. Its total assets and total liabilities are CA$8.9B and CA$7.7B respectively. Innergex Renewable Energy's EBIT is CA$338.4M making its interest coverage ratio 1. It has cash and short-term investments of CA$159.2M.
Key information
521.1%
Debt to equity ratio
CA$6.28b
Debt
| Interest coverage ratio | 1x |
| Cash | CA$159.24m |
| Equity | CA$1.21b |
| Total liabilities | CA$7.73b |
| Total assets | CA$8.94b |
Recent financial health updates
Here's Why Innergex Renewable Energy (TSE:INE) Is Weighed Down By Its Debt Load
Sep 25
Innergex Renewable Energy (TSE:INE) Has No Shortage Of Debt
Jun 13Innergex Renewable Energy (TSE:INE) Use Of Debt Could Be Considered Risky
Jan 11Innergex Renewable Energy (TSE:INE) Use Of Debt Could Be Considered Risky
Oct 10These 4 Measures Indicate That Innergex Renewable Energy (TSE:INE) Is Using Debt In A Risky Way
Jun 10Here's Why Innergex Renewable Energy (TSE:INE) Is Weighed Down By Its Debt Load
Nov 11Recent updates
Cautious Investors Not Rewarding Innergex Renewable Energy Inc.'s (TSE:INE) Performance Completely
Feb 02A Look At The Fair Value Of Innergex Renewable Energy Inc. (TSE:INE)
Dec 08Here's Why Innergex Renewable Energy (TSE:INE) Is Weighed Down By Its Debt Load
Sep 25Calculating The Intrinsic Value Of Innergex Renewable Energy Inc. (TSE:INE)
Sep 07Innergex Renewable Energy (TSE:INE) Has No Shortage Of Debt
Jun 13Calculating The Intrinsic Value Of Innergex Renewable Energy Inc. (TSE:INE)
Feb 02Innergex Renewable Energy (TSE:INE) Use Of Debt Could Be Considered Risky
Jan 11Innergex Renewable Energy (TSE:INE) Use Of Debt Could Be Considered Risky
Oct 10A Look At The Intrinsic Value Of Innergex Renewable Energy Inc. (TSE:INE)
Sep 19These 4 Measures Indicate That Innergex Renewable Energy (TSE:INE) Is Using Debt In A Risky Way
Jun 10Calculating The Fair Value Of Innergex Renewable Energy Inc. (TSE:INE)
May 20Estimating The Intrinsic Value Of Innergex Renewable Energy Inc. (TSE:INE)
Feb 08Here's Why Innergex Renewable Energy (TSE:INE) Is Weighed Down By Its Debt Load
Nov 11Is Innergex Renewable Energy Inc. (TSE:INE) Expensive For A Reason? A Look At Its Intrinsic Value
Oct 12Financial Position Analysis
Short Term Liabilities: INE's short term assets (CA$518.1M) do not cover its short term liabilities (CA$566.4M).
Long Term Liabilities: INE's short term assets (CA$518.1M) do not cover its long term liabilities (CA$7.2B).
Debt to Equity History and Analysis
Debt Level: INE's net debt to equity ratio (507.9%) is considered high.
Reducing Debt: INE's debt to equity ratio has increased from 499.8% to 521.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: INE has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if INE has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.