Innergex Renewable Energy Balance Sheet Health
Financial Health criteria checks 0/6
Innergex Renewable Energy has a total shareholder equity of CA$1.4B and total debt of CA$6.4B, which brings its debt-to-equity ratio to 456.6%. Its total assets and total liabilities are CA$9.1B and CA$7.7B respectively. Innergex Renewable Energy's EBIT is CA$292.9M making its interest coverage ratio 0.9. It has cash and short-term investments of CA$186.4M.
Key information
456.6%
Debt to equity ratio
CA$6.41b
Debt
Interest coverage ratio | 0.9x |
Cash | CA$186.37m |
Equity | CA$1.41b |
Total liabilities | CA$7.73b |
Total assets | CA$9.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: INGX.F's short term assets (CA$551.7M) do not cover its short term liabilities (CA$983.0M).
Long Term Liabilities: INGX.F's short term assets (CA$551.7M) do not cover its long term liabilities (CA$6.7B).
Debt to Equity History and Analysis
Debt Level: INGX.F's net debt to equity ratio (443.3%) is considered high.
Reducing Debt: INGX.F's debt to equity ratio has increased from 414.5% to 456.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: INGX.F has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if INGX.F has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.