Boralex Balance Sheet Health
Financial Health criteria checks 2/6
Boralex has a total shareholder equity of CA$2.1B and total debt of CA$3.3B, which brings its debt-to-equity ratio to 157.8%. Its total assets and total liabilities are CA$6.7B and CA$4.6B respectively. Boralex's EBIT is CA$173.0M making its interest coverage ratio 1.4. It has cash and short-term investments of CA$600.0M.
Key information
157.8%
Debt to equity ratio
CA$3.31b
Debt
| Interest coverage ratio | 1.4x |
| Cash | CA$600.00m |
| Equity | CA$2.10b |
| Total liabilities | CA$4.58b |
| Total assets | CA$6.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BLX N's short term assets (CA$817.0M) do not cover its short term liabilities (CA$822.0M).
Long Term Liabilities: BLX N's short term assets (CA$817.0M) do not cover its long term liabilities (CA$3.8B).
Debt to Equity History and Analysis
Debt Level: BLX N's net debt to equity ratio (129.1%) is considered high.
Reducing Debt: BLX N's debt to equity ratio has reduced from 461.3% to 157.8% over the past 5 years.
Debt Coverage: BLX N's debt is well covered by operating cash flow (20.2%).
Interest Coverage: BLX N's interest payments on its debt are not well covered by EBIT (1.4x coverage).