Algonquin Power & Utilities Balance Sheet Health
Financial Health criteria checks 0/6
Algonquin Power & Utilities has a total shareholder equity of $6.9B and total debt of $8.5B, which brings its debt-to-equity ratio to 122.9%. Its total assets and total liabilities are $18.4B and $11.4B respectively. Algonquin Power & Utilities's EBIT is $477.8M making its interest coverage ratio 1.4. It has cash and short-term investments of $56.1M.
Key information
122.9%
Debt to equity ratio
US$8.53b
Debt
Interest coverage ratio | 1.4x |
Cash | US$56.14m |
Equity | US$6.94b |
Total liabilities | US$11.43b |
Total assets | US$18.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 751's short term assets ($1.1B) do not cover its short term liabilities ($1.7B).
Long Term Liabilities: 751's short term assets ($1.1B) do not cover its long term liabilities ($9.7B).
Debt to Equity History and Analysis
Debt Level: 751's net debt to equity ratio (122.1%) is considered high.
Reducing Debt: 751's debt to equity ratio has increased from 82.6% to 122.9% over the past 5 years.
Debt Coverage: 751's debt is not well covered by operating cash flow (7.4%).
Interest Coverage: 751's interest payments on its debt are not well covered by EBIT (1.4x coverage).