Innergex Renewable Energy Balance Sheet Health
Financial Health criteria checks 0/6
Innergex Renewable Energy has a total shareholder equity of CA$1.4B and total debt of CA$6.4B, which brings its debt-to-equity ratio to 456.6%. Its total assets and total liabilities are CA$9.1B and CA$7.7B respectively. Innergex Renewable Energy's EBIT is CA$292.9M making its interest coverage ratio 0.9. It has cash and short-term investments of CA$186.4M.
Key information
456.6%
Debt to equity ratio
CA$6.41b
Debt
| Interest coverage ratio | 0.9x |
| Cash | CA$186.37m |
| Equity | CA$1.41b |
| Total liabilities | CA$7.73b |
| Total assets | CA$9.14b |
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
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 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 20Financial Position Analysis
Short Term Liabilities: INE's short term assets (CA$551.7M) do not cover its short term liabilities (CA$983.0M).
Long Term Liabilities: INE's short term assets (CA$551.7M) do not cover its long term liabilities (CA$6.7B).
Debt to Equity History and Analysis
Debt Level: INE's net debt to equity ratio (443.3%) is considered high.
Reducing Debt: INE's debt to equity ratio has increased from 414.5% to 456.6% 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.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 08:50 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 here.
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 .
Analyst Sources
Innergex Renewable Energy Inc. is covered by 22 analysts. 7 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 |