Hydro One Balance Sheet Health
Financial Health criteria checks 1/6
Hydro One has a total shareholder equity of CA$11.9B and total debt of CA$16.7B, which brings its debt-to-equity ratio to 140.6%. Its total assets and total liabilities are CA$34.1B and CA$22.2B respectively. Hydro One's EBIT is CA$1.9B making its interest coverage ratio 3.3. It has cash and short-term investments of CA$686.0M.
Key information
140.6%
Debt to equity ratio
CA$16.70b
Debt
Interest coverage ratio | 3.3x |
Cash | CA$686.00m |
Equity | CA$11.88b |
Total liabilities | CA$22.22b |
Total assets | CA$34.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HRNN.F's short term assets (CA$2.0B) do not cover its short term liabilities (CA$3.3B).
Long Term Liabilities: HRNN.F's short term assets (CA$2.0B) do not cover its long term liabilities (CA$19.0B).
Debt to Equity History and Analysis
Debt Level: HRNN.F's net debt to equity ratio (134.8%) is considered high.
Reducing Debt: HRNN.F's debt to equity ratio has increased from 127.5% to 140.6% over the past 5 years.
Debt Coverage: HRNN.F's debt is not well covered by operating cash flow (15.1%).
Interest Coverage: HRNN.F's interest payments on its debt are well covered by EBIT (3.3x coverage).