Northland Power Balance Sheet Health
Financial Health criteria checks 2/6
Northland Power has a total shareholder equity of CA$4.5B and total debt of CA$7.5B, which brings its debt-to-equity ratio to 168.5%. Its total assets and total liabilities are CA$13.7B and CA$9.3B respectively. Northland Power's EBIT is CA$850.1M making its interest coverage ratio 2.6. It has cash and short-term investments of CA$670.1M.
Key information
168.5%
Debt to equity ratio
CA$7.51b
Debt
| Interest coverage ratio | 2.6x |
| Cash | CA$670.12m |
| Equity | CA$4.46b |
| Total liabilities | CA$9.28b |
| Total assets | CA$13.74b |
Recent financial health updates
Northland Power (TSE:NPI) Takes On Some Risk With Its Use Of Debt
Sep 18
Is Northland Power (TSE:NPI) Using Too Much Debt?
May 27Here's Why Northland Power (TSE:NPI) Has A Meaningful Debt Burden
Feb 19These 4 Measures Indicate That Northland Power (TSE:NPI) Is Using Debt Extensively
Oct 30Is Northland Power (TSE:NPI) Using Too Much Debt?
Mar 29Is Northland Power (TSE:NPI) Using Too Much Debt?
Dec 18Recent updates
Are Investors Undervaluing Northland Power Inc. (TSE:NPI) By 48%?
Oct 19Return Trends At Northland Power (TSE:NPI) Aren't Appealing
Oct 04Northland Power (TSE:NPI) Takes On Some Risk With Its Use Of Debt
Sep 18There May Be Some Bright Spots In Northland Power's (TSE:NPI) Earnings
Aug 21Is Northland Power Inc. (TSE:NPI) Worth CA$24.7 Based On Its Intrinsic Value?
Jul 15Here's What To Make Of Northland Power's (TSE:NPI) Decelerating Rates Of Return
Jun 27Is Northland Power (TSE:NPI) Using Too Much Debt?
May 27Some Shareholders Feeling Restless Over Northland Power Inc.'s (TSE:NPI) P/S Ratio
May 09Here's What To Make Of Northland Power's (TSE:NPI) Decelerating Rates Of Return
Mar 25Are Investors Undervaluing Northland Power Inc. (TSE:NPI) By 23%?
Mar 06Here's Why Northland Power (TSE:NPI) Has A Meaningful Debt Burden
Feb 19Getting In Cheap On Northland Power Inc. (TSE:NPI) Is Unlikely
Jan 09A Look At The Fair Value Of Northland Power Inc. (TSE:NPI)
Nov 27Northland Power (TSE:NPI) Will Be Hoping To Turn Its Returns On Capital Around
Nov 13These 4 Measures Indicate That Northland Power (TSE:NPI) Is Using Debt Extensively
Oct 30A Look At The Intrinsic Value Of Northland Power Inc. (TSE:NPI)
Jun 06Returns At Northland Power (TSE:NPI) Are On The Way Up
May 01Is Northland Power (TSE:NPI) Using Too Much Debt?
Mar 29Is Now The Time To Put Northland Power (TSE:NPI) On Your Watchlist?
Feb 24Estimating The Fair Value Of Northland Power Inc. (TSE:NPI)
Feb 02Returns On Capital At Northland Power (TSE:NPI) Have Stalled
Jan 17Is Northland Power (TSE:NPI) Using Too Much Debt?
Dec 18Slowing Rates Of Return At Northland Power (TSE:NPI) Leave Little Room For Excitement
Oct 15Northland Power (TSE:NPI) Seems To Use Debt Quite Sensibly
Sep 09Estimating The Intrinsic Value Of Northland Power Inc. (TSE:NPI)
Aug 02Financial Position Analysis
Short Term Liabilities: NPI's short term assets (CA$1.4B) exceed its short term liabilities (CA$1.2B).
Long Term Liabilities: NPI's short term assets (CA$1.4B) do not cover its long term liabilities (CA$8.0B).
Debt to Equity History and Analysis
Debt Level: NPI's net debt to equity ratio (153.5%) is considered high.
Reducing Debt: NPI's debt to equity ratio has reduced from 541.7% to 168.5% over the past 5 years.
Debt Coverage: NPI's debt is not well covered by operating cash flow (10.7%).
Interest Coverage: NPI's interest payments on its debt are not well covered by EBIT (2.6x coverage).