CenterPoint Energy Balance Sheet Health
Financial Health criteria checks 1/6
CenterPoint Energy has a total shareholder equity of $10.0B and total debt of $15.6B, which brings its debt-to-equity ratio to 156.1%. Its total assets and total liabilities are $36.7B and $26.7B respectively. CenterPoint Energy's EBIT is $1.5B making its interest coverage ratio 3. It has cash and short-term investments of $598.0M.
Key information
156.1%
Debt to equity ratio
US$15.59b
Debt
Interest coverage ratio | 3x |
Cash | US$598.00m |
Equity | US$9.99b |
Total liabilities | US$26.73b |
Total assets | US$36.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HOU's short term assets ($4.1B) do not cover its short term liabilities ($4.6B).
Long Term Liabilities: HOU's short term assets ($4.1B) do not cover its long term liabilities ($22.1B).
Debt to Equity History and Analysis
Debt Level: HOU's net debt to equity ratio (150.1%) is considered high.
Reducing Debt: HOU's debt to equity ratio has reduced from 239.2% to 156.1% over the past 5 years.
Debt Coverage: HOU's debt is not well covered by operating cash flow (12%).
Interest Coverage: HOU's interest payments on its debt are not well covered by EBIT (3x coverage).