Hydro One Balance Sheet Health
Financial Health criteria checks 1/6
Hydro One has a total shareholder equity of CA$11.8B and total debt of CA$15.7B, which brings its debt-to-equity ratio to 133.4%. Its total assets and total liabilities are CA$32.9B and CA$21.1B respectively. Hydro One's EBIT is CA$1.8B making its interest coverage ratio 3.3. It has cash and short-term investments of CA$79.0M.
Key information
133.4%
Debt to equity ratio
CA$15.69b
Debt
Interest coverage ratio | 3.3x |
Cash | CA$79.00m |
Equity | CA$11.77b |
Total liabilities | CA$21.09b |
Total assets | CA$32.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8H1's short term assets (CA$1.4B) do not cover its short term liabilities (CA$2.7B).
Long Term Liabilities: 8H1's short term assets (CA$1.4B) do not cover its long term liabilities (CA$18.4B).
Debt to Equity History and Analysis
Debt Level: 8H1's net debt to equity ratio (132.7%) is considered high.
Reducing Debt: 8H1's debt to equity ratio has increased from 129.1% to 133.4% over the past 5 years.
Debt Coverage: 8H1's debt is not well covered by operating cash flow (15.4%).
Interest Coverage: 8H1's interest payments on its debt are well covered by EBIT (3.3x coverage).