Boralex Balance Sheet Health
Financial Health criteria checks 2/6
Boralex has a total shareholder equity of CA$2.0B and total debt of CA$3.3B, which brings its debt-to-equity ratio to 162.1%. Its total assets and total liabilities are CA$6.6B and CA$4.6B respectively. Boralex's EBIT is CA$246.0M making its interest coverage ratio 2.1. It has cash and short-term investments of CA$478.0M.
Key information
162.1%
Debt to equity ratio
CA$3.28b
Debt
Interest coverage ratio | 2.1x |
Cash | CA$478.00m |
Equity | CA$2.02b |
Total liabilities | CA$4.55b |
Total assets | CA$6.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: B3H's short term assets (CA$771.0M) exceed its short term liabilities (CA$715.0M).
Long Term Liabilities: B3H's short term assets (CA$771.0M) do not cover its long term liabilities (CA$3.8B).
Debt to Equity History and Analysis
Debt Level: B3H's net debt to equity ratio (138.5%) is considered high.
Reducing Debt: B3H's debt to equity ratio has reduced from 379.6% to 162.1% over the past 5 years.
Debt Coverage: B3H's debt is not well covered by operating cash flow (15.1%).
Interest Coverage: B3H's interest payments on its debt are not well covered by EBIT (2.1x coverage).