Emera Balance Sheet Health
Financial Health criteria checks 1/6
Emera has a total shareholder equity of CA$12.4B and total debt of CA$18.7B, which brings its debt-to-equity ratio to 150.1%. Its total assets and total liabilities are CA$39.7B and CA$27.2B respectively. Emera's EBIT is CA$1.6B making its interest coverage ratio 1.7. It has cash and short-term investments of CA$240.0M.
Key information
150.1%
Debt to equity ratio
CA$18.67b
Debt
| Interest coverage ratio | 1.7x |
| Cash | CA$240.00m |
| Equity | CA$12.44b |
| Total liabilities | CA$27.23b |
| Total assets | CA$39.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EMRA.F's short term assets (CA$3.0B) do not cover its short term liabilities (CA$4.1B).
Long Term Liabilities: EMRA.F's short term assets (CA$3.0B) do not cover its long term liabilities (CA$23.1B).
Debt to Equity History and Analysis
Debt Level: EMRA.F's net debt to equity ratio (148.1%) is considered high.
Reducing Debt: EMRA.F's debt to equity ratio has reduced from 183.1% to 150.1% over the past 5 years.
Debt Coverage: EMRA.F's debt is not well covered by operating cash flow (12.7%).
Interest Coverage: EMRA.F's interest payments on its debt are not well covered by EBIT (1.7x coverage).