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
Some Confidence Is Lacking In Northland Power Inc.'s (TSE:NPI) P/S
Dec 05Are 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 09Financial 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 23:12 |
| 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
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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
Northland Power Inc. is covered by 30 analysts. 11 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 |
|---|---|
| Harshit Gupta | Accountability Research Corporation |
| Nathan Heywood | ATB Capital Markets |
| Benjamin Pham | BMO Capital Markets Equity Research |