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$7.2B, which brings its debt-to-equity ratio to 161.4%. Its total assets and total liabilities are CA$13.6B and CA$9.1B respectively. Northland Power's EBIT is CA$730.8M making its interest coverage ratio 2.4. It has cash and short-term investments of CA$763.9M.
Key information
161.4%
Debt to equity ratio
CA$7.24b
Debt
| Interest coverage ratio | 2.4x |
| Cash | CA$763.92m |
| Equity | CA$4.48b |
| Total liabilities | CA$9.14b |
| Total assets | CA$13.63b |
Recent financial health updates
Here's Why Northland Power (TSE:NPI) Has A Meaningful Debt Burden
Feb 19
These 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 18Northland Power (TSE:NPI) Seems To Use Debt Quite Sensibly
Sep 09Does Northland Power (TSE:NPI) Have A Healthy Balance Sheet?
Jun 08Recent updates
Here'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 02Returns On Capital At Northland Power (TSE:NPI) Have Hit The Brakes
Jul 15Does Northland Power (TSE:NPI) Have A Healthy Balance Sheet?
Jun 08Calculating The Fair Value Of Northland Power Inc. (TSE:NPI)
May 02Returns On Capital At Northland Power (TSE:NPI) Have Hit The Brakes
Apr 12Is Northland Power (TSE:NPI) A Risky Investment?
Mar 08Northland Power Inc.'s (TSE:NPI) Intrinsic Value Is Potentially 75% Above Its Share Price
Jan 07Northland Power (TSE:NPI) Is Looking To Continue Growing Its Returns On Capital
Dec 17Is Northland Power (TSE:NPI) A Risky Investment?
Nov 26Financial Position Analysis
Short Term Liabilities: NPI's short term assets (CA$1.4B) exceed its short term liabilities (CA$1.3B).
Long Term Liabilities: NPI's short term assets (CA$1.4B) do not cover its long term liabilities (CA$7.9B).
Debt to Equity History and Analysis
Debt Level: NPI's net debt to equity ratio (144.4%) is considered high.
Reducing Debt: NPI's debt to equity ratio has reduced from 514.4% to 161.4% over the past 5 years.
Debt Coverage: NPI's debt is not well covered by operating cash flow (10.9%).
Interest Coverage: NPI's interest payments on its debt are not well covered by EBIT (2.4x coverage).