Emera Balance Sheet Health
Financial Health criteria checks 1/6
Emera has a total shareholder equity of CA$12.1B and total debt of CA$19.8B, which brings its debt-to-equity ratio to 163.8%. Its total assets and total liabilities are CA$39.5B and CA$27.4B respectively. Emera's EBIT is CA$1.8B making its interest coverage ratio 2. It has cash and short-term investments of CA$567.0M.
Key information
163.8%
Debt to equity ratio
CA$19.80b
Debt
Interest coverage ratio | 2x |
Cash | CA$567.00m |
Equity | CA$12.09b |
Total liabilities | CA$27.39b |
Total assets | CA$39.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EMRA.F's short term assets (CA$3.7B) do not cover its short term liabilities (CA$4.5B).
Long Term Liabilities: EMRA.F's short term assets (CA$3.7B) do not cover its long term liabilities (CA$22.8B).
Debt to Equity History and Analysis
Debt Level: EMRA.F's net debt to equity ratio (159.1%) is considered high.
Reducing Debt: EMRA.F's debt to equity ratio has reduced from 198.6% to 163.8% over the past 5 years.
Debt Coverage: EMRA.F's debt is not well covered by operating cash flow (11.3%).
Interest Coverage: EMRA.F's interest payments on its debt are not well covered by EBIT (2x coverage).