Canadian Utilities Balance Sheet Health
Financial Health criteria checks 3/6
Canadian Utilities has a total shareholder equity of CA$7.2B and total debt of CA$10.2B, which brings its debt-to-equity ratio to 142.2%. Its total assets and total liabilities are CA$22.6B and CA$15.4B respectively. Canadian Utilities's EBIT is CA$1.2B making its interest coverage ratio 3.1. It has cash and short-term investments of CA$448.0M.
Key information
142.2%
Debt to equity ratio
CA$10.18b
Debt
Interest coverage ratio | 3.1x |
Cash | CA$448.00m |
Equity | CA$7.16b |
Total liabilities | CA$15.44b |
Total assets | CA$22.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CDUU.F's short term assets (CA$1.3B) exceed its short term liabilities (CA$915.0M).
Long Term Liabilities: CDUU.F's short term assets (CA$1.3B) do not cover its long term liabilities (CA$14.5B).
Debt to Equity History and Analysis
Debt Level: CDUU.F's net debt to equity ratio (135.9%) is considered high.
Reducing Debt: CDUU.F's debt to equity ratio has reduced from 157.9% to 142.2% over the past 5 years.
Debt Coverage: CDUU.F's debt is not well covered by operating cash flow (18.4%).
Interest Coverage: CDUU.F's interest payments on its debt are well covered by EBIT (3.1x coverage).