Avangrid Balance Sheet Health
Financial Health criteria checks 0/6
Avangrid has a total shareholder equity of $20.9B and total debt of $13.0B, which brings its debt-to-equity ratio to 62.1%. Its total assets and total liabilities are $45.1B and $24.2B respectively. Avangrid's EBIT is $1.1B making its interest coverage ratio 2.5. It has cash and short-term investments of $152.0M.
Key information
62.1%
Debt to equity ratio
US$12.97b
Debt
Interest coverage ratio | 2.5x |
Cash | US$152.00m |
Equity | US$20.89b |
Total liabilities | US$24.17b |
Total assets | US$45.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 12A's short term assets ($3.6B) do not cover its short term liabilities ($6.2B).
Long Term Liabilities: 12A's short term assets ($3.6B) do not cover its long term liabilities ($18.0B).
Debt to Equity History and Analysis
Debt Level: 12A's net debt to equity ratio (61.3%) is considered high.
Reducing Debt: 12A's debt to equity ratio has increased from 43% to 62.1% over the past 5 years.
Debt Coverage: 12A's debt is not well covered by operating cash flow (6.7%).
Interest Coverage: 12A's interest payments on its debt are not well covered by EBIT (2.5x coverage).