Algonquin Power & Utilities Balance Sheet Health
Financial Health criteria checks 0/6
Algonquin Power & Utilities has a total shareholder equity of $6.4B and total debt of $7.5B, which brings its debt-to-equity ratio to 117.7%. Its total assets and total liabilities are $17.8B and $11.4B respectively. Algonquin Power & Utilities's EBIT is $457.2M making its interest coverage ratio 1.2. It has cash and short-term investments of $64.3M.
Key information
117.7%
Debt to equity ratio
US$7.49b
Debt
| Interest coverage ratio | 1.2x |
| Cash | US$64.34m |
| Equity | US$6.36b |
| Total liabilities | US$11.43b |
| Total assets | US$17.79b |
Recent financial health updates
Recent updates
Algonquin Power: Has Growth Potential, But Patience Will Be Needed
Oct 27Algonquin Power: On The Right Track, But EPS Pressure Ahead
Sep 13Get Paid 7.5% From This Forgotten Utility: Algonquin Power
Jun 19Algonquin: Searching For Value After The Collapse, 7.1% Dividend Yield
Jan 26Algonquin Power's Valuation Gap: Uncovering The Investment Potential
Nov 26Algonquin: Billionaire Says Observe Carefully When The Tide Goes Out
Oct 03Algonquin: Battered By High-Interest Rates, A Strategy Shift Might Be The Answer
Aug 22Algonquin: More Challenges Than Upside
Aug 14Algonquin: Why We Think It's A "Hold" At Best
Jul 06Algonquin: Brace For Chaos But Don't Run
Jan 13Algonquin Power & Utilities Q3 2022 Earnings Preview
Nov 105 Reasons Algonquin Power Stock Is Down 25%
Oct 04Algonquin Power & Utilities appoints new finance chief
Aug 31Algonquin Power: An Underperforming And Expensive Utility
Aug 22Algonquin Power & Utilities Non-GAAP EPS of $0.16 beats by $0.01, revenue of $624.3M beats by $10.02M
Aug 12Financial Position Analysis
Short Term Liabilities: AQN's short term assets ($1.1B) do not cover its short term liabilities ($1.2B).
Long Term Liabilities: AQN's short term assets ($1.1B) do not cover its long term liabilities ($10.2B).
Debt to Equity History and Analysis
Debt Level: AQN's net debt to equity ratio (116.7%) is considered high.
Reducing Debt: AQN's debt to equity ratio has increased from 101.4% to 117.7% over the past 5 years.
Debt Coverage: AQN's debt is not well covered by operating cash flow (8.5%).
Interest Coverage: AQN's interest payments on its debt are not well covered by EBIT (1.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 16:30 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Algonquin Power & Utilities Corp. is covered by 30 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Harshit Gupta | Accountability Research Corporation |
| Michael McGowan | BMO Capital Markets Equity Research |
| Dariusz Lozny | BofA Global Research |