Innergex Renewable Energy Balance Sheet Health
Financial Health criteria checks 1/6
Innergex Renewable Energy has a total shareholder equity of CA$1.5B and total debt of CA$6.6B, which brings its debt-to-equity ratio to 432.1%. Its total assets and total liabilities are CA$9.4B and CA$7.9B respectively. Innergex Renewable Energy's EBIT is CA$301.9M making its interest coverage ratio 1. It has cash and short-term investments of CA$181.3M.
Key information
432.1%
Debt to equity ratio
CA$6.56b
Debt
| Interest coverage ratio | 1x |
| Cash | CA$181.28m |
| Equity | CA$1.52b |
| Total liabilities | CA$7.92b |
| Total assets | CA$9.44b |
Recent financial health updates
Innergex Renewable Energy (TSE:INE) Use Of Debt Could Be Considered Risky
Oct 15
These 4 Measures Indicate That Innergex Renewable Energy (TSE:INE) Is Using Debt In A Risky Way
May 08Here's Why Innergex Renewable Energy (TSE:INE) Is Weighed Down By Its Debt Load
Sep 25Innergex 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 10Recent updates
Boswell Springs And Hale Kuawehi Will Secure Future Success
Mar 24 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
Oct 15Unpleasant Surprises Could Be In Store For Innergex Renewable Energy Inc.'s (TSE:INE) Shares
Sep 24Improved Revenues Required Before Innergex Renewable Energy Inc. (TSE:INE) Stock's 27% Jump Looks Justified
Jun 09These 4 Measures Indicate That Innergex Renewable Energy (TSE:INE) Is Using Debt In A Risky Way
May 08Cautious 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 10Financial Position Analysis
Short Term Liabilities: INE's short term assets (CA$580.2M) do not cover its short term liabilities (CA$916.9M).
Long Term Liabilities: INE's short term assets (CA$580.2M) do not cover its long term liabilities (CA$7.0B).
Debt to Equity History and Analysis
Debt Level: INE's net debt to equity ratio (420.2%) is considered high.
Reducing Debt: INE's debt to equity ratio has reduced from 762.5% to 432.1% over the past 5 years.
Debt Coverage: INE's debt is not well covered by operating cash flow (4.5%).
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 | 2025/04/17 18:52 |
| End of Day Share Price | 2025/04/17 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
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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 22 analysts. 6 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 Capital Markets |
| Benjamin Pham | BMO Capital Markets Equity Research |
| David Galison | Canaccord Genuity |