Innergex Renewable Energy Balance Sheet Health
Financial Health criteria checks 0/6
Innergex Renewable Energy has a total shareholder equity of CA$1.2B and total debt of CA$6.3B, which brings its debt-to-equity ratio to 521.1%. Its total assets and total liabilities are CA$8.9B and CA$7.7B respectively. Innergex Renewable Energy's EBIT is CA$338.4M making its interest coverage ratio 1. It has cash and short-term investments of CA$159.2M.
Key information
521.1%
Debt to equity ratio
CA$6.28b
Debt
| Interest coverage ratio | 1x |
| Cash | CA$159.24m |
| Equity | CA$1.21b |
| Total liabilities | CA$7.73b |
| Total assets | CA$8.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3IX's short term assets (CA$518.1M) do not cover its short term liabilities (CA$566.4M).
Long Term Liabilities: 3IX's short term assets (CA$518.1M) do not cover its long term liabilities (CA$7.2B).
Debt to Equity History and Analysis
Debt Level: 3IX's net debt to equity ratio (507.9%) is considered high.
Reducing Debt: 3IX's debt to equity ratio has increased from 499.8% to 521.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 3IX has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 3IX has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.