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
Algonquin: 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 12Algonquin Power And Its Real Value
Dec 15Dividend Sleuthing: Algonquin Power & Utilities Corp.
Nov 24Algonquin Power & Utilities: Acquisition Indigestion
Nov 02Algonquin Power & Utilities: A Renewable Growth Story
Jul 12Algonquin Power & Utilities Corp. 2021 Q1 - Results - Earnings Call Presentation
May 08Algonquin Power & Utilities Q1 2021 Earnings Preview
May 05Algonquin Power & Utilities: Investor Day Review
Jan 11Financial Position Analysis
Short Term Liabilities: AQN's short term assets ($1.1B) do not cover its short term liabilities ($1.7B).
Long Term Liabilities: AQN's short term assets ($1.1B) do not cover its long term liabilities ($9.7B).
Debt to Equity History and Analysis
Debt Level: AQN's net debt to equity ratio (122.1%) is considered high.
Reducing Debt: AQN's debt to equity ratio has increased from 82.6% to 122.9% over the past 5 years.
Debt Coverage: AQN's debt is not well covered by operating cash flow (7.4%).
Interest Coverage: AQN's interest payments on its debt are not well covered by EBIT (1.4x coverage).