Canadian Utilities Balance Sheet Health
Financial Health criteria checks 2/6
Canadian Utilities has a total shareholder equity of CA$7.2B and total debt of CA$10.5B, which brings its debt-to-equity ratio to 147.2%. Its total assets and total liabilities are CA$23.2B and CA$16.0B respectively. Canadian Utilities's EBIT is CA$1.0B making its interest coverage ratio 2.5. It has cash and short-term investments of CA$427.0M.
Key information
147.2%
Debt to equity ratio
CA$10.54b
Debt
Interest coverage ratio | 2.5x |
Cash | CA$427.00m |
Equity | CA$7.16b |
Total liabilities | CA$16.00b |
Total assets | CA$23.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CDUA.F's short term assets (CA$1.4B) exceed its short term liabilities (CA$1.4B).
Long Term Liabilities: CDUA.F's short term assets (CA$1.4B) do not cover its long term liabilities (CA$14.6B).
Debt to Equity History and Analysis
Debt Level: CDUA.F's net debt to equity ratio (141.3%) is considered high.
Reducing Debt: CDUA.F's debt to equity ratio has reduced from 159.8% to 147.2% over the past 5 years.
Debt Coverage: CDUA.F's debt is not well covered by operating cash flow (16.9%).
Interest Coverage: CDUA.F's interest payments on its debt are not well covered by EBIT (2.5x coverage).