Innergex Renewable Energy Balance Sheet Health
Financial Health criteria checks 1/6
Innergex Renewable Energy has a total shareholder equity of CA$1.5B and total debt of CA$6.4B, which brings its debt-to-equity ratio to 428.9%. Its total assets and total liabilities are CA$9.1B and CA$7.6B respectively. Innergex Renewable Energy's EBIT is CA$321.0M making its interest coverage ratio 1. It has cash and short-term investments of CA$171.5M.
Key information
428.9%
Debt to equity ratio
CA$6.37b
Debt
| Interest coverage ratio | 1x |
| Cash | CA$171.46m |
| Equity | CA$1.48b |
| Total liabilities | CA$7.64b |
| Total assets | CA$9.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: INGX.F's short term assets (CA$547.1M) do not cover its short term liabilities (CA$962.1M).
Long Term Liabilities: INGX.F's short term assets (CA$547.1M) 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 (417.3%) is considered high.
Reducing Debt: INGX.F's debt to equity ratio has reduced from 676.1% to 428.9% 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.