Innergex Renewable Energy Inc.

OTCPK:INGX.F Stock Report

Market Cap: US$1.2b

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 ratio0.9x
CashCA$186.37m
EquityCA$1.41b
Total liabilitiesCA$7.73b
Total assetsCA$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.


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