Northland Power (TSX:NPI) Days Payable: 41.58 (As of Mar. 2026) — 90% Below Median


TSX:NPI Northland Power Inc TSX:NPI
68 GF Score
Price C$22.05
GF Value C$24.17
Valuation Fairly Valued
! 7 Warning Signs
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What is Northland Power Days Payable?

Northland Power TSX:NPI -0.27% 68 Days Payable is 41.58 as of Mar. 2026, which is 90% below its 10-year median of 422.18. GuruFocus rates TSX:NPI with a GF Score™ of 68/100 and a GF Value™ of C$24.17 (Fairly Valued). The stock has 7 warning signs investors should review. Among 390 Utilities - Independent Power Producers companies, Northland Power ranks better than 74.87% on this metric.

Northland Power's average Accounts Payable for the three months ended in Mar. 2026 was C$90 Mil. Northland Power's Cost of Goods Sold for the three months ended in Mar. 2026 was C$197 Mil. Hence, Northland Power's Days Payable for the three months ended in Mar. 2026 was 41.58.

The historical rank and industry rank for Northland Power's Days Payable or its related term are showing as below:

TSX:NPI' s Days Payable Range Over the Past 10 Years
Min: 196.99   Med: 422.18   Max: 866.94
Current: 204.03

During the past 13 years, Northland Power's highest Days Payable was 866.94. The lowest was 196.99. And the median was 422.18.

TSX:NPI's Days Payable is ranked better than
74.87% of 390 companies
in the Utilities - Independent Power Producers industry
Industry Median: 79.64 vs TSX:NPI: 204.03

Northland Power's Days Payable declined from Mar. 2025 (85.79) to Mar. 2026 (41.58). It may suggest that Northland Power accelerated paying its suppliers.


Northland Power Days Payable Historical Data

* Premium members only.

The historical data trend for Northland Power's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Northland Power Days Payable Chart

Northland Power Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 334.25 196.99 271.68 0.00 0.00

Northland Power Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 85.79 0.00 0.00 0.00 41.58

Northland Power Days Payable Competitor Comparison

For the Utilities - Renewable subindustry, Northland Power's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Northland Power Days Payable vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Northland Power's Days Payable distribution charts can be found below:

* The bar in red indicates where Northland Power's Days Payable falls into.


TSX:NPI
68GF Score
Northland Power Inc TSX:NPI
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Northland Power Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Northland Power's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (169.026 + 74.817) / 2 ) / 0*365
=121.9215 / 0*365
=N/A

Northland Power's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (74.817 + 104.93) / 2 ) / 197.21*365 / 4
=89.8735 / 197.21*365 / 4
=41.58

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 41.58 mean?
Northland Power (TSX:NPI) has a Days Payable of 41.58 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Northland Power and its competitors. This is 90% below median its historical median of 422.18. Over the past decade, Northland Power's Days Payable has ranged from 196.99 to 866.94. According to the industry distribution chart, Northland Power ranks #98 out of 390 companies in the Utilities - Independent Power Producers industry, placing it in the top 25.1%.
Is Northland Power's Days Payable too high?
Northland Power's current Days Payable of 41.58 is 90% below median its 10-year median of 422.18. Over the past 10 years, this metric has ranged from a low of 196.99 to a high of 866.94. The Utilities - Independent Power Producers industry median Days Payable is 79.64. Northland Power's value of 41.58 is 47.8% below this industry median. Based on the distribution chart, Northland Power ranks #98 out of 390 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Northland Power has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Northland Power's Days Payable compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Northland Power ranks #98 out of 390 companies for Days Payable. This puts Northland Power in the upper half of its industry. The industry median Days Payable is 79.64. Northland Power's value of 41.58 is 47.8% below this benchmark. Historically, Northland Power's own Days Payable has ranged from 196.99 to 866.94 over the past decade. While the company's 10-year median is 422.18 vs. the industry median of 79.64, Northland Power has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Utilities - Independent Power Producers company?
The median Days Payable among Utilities - Independent Power Producers companies is 79.64, based on 390 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Northland Power's current Days Payable of 41.58 is 47.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Northland Power and its competitors. For the Utilities - Independent Power Producers industry, the median Days Payable is 79.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northland Power's current Days Payable is 41.58, which is 90% below median its own 10-year median of 422.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northland Power stock overvalued right now?
Based on GuruFocus' analysis, Northland Power (TSX:NPI) is currently considered Fairly Valued. The stock's GF Value™ is C$24.17, compared to a current price of C$22.05 — trading 8.8% below its estimated fair value. The current Days Payable is 41.58, which is 90% below median its 10-year median of 422.18 and 47.8% below the Utilities - Independent Power Producers industry median of 79.64. Northland Power's overall GF Score™ is 68/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Northland Power (TSX:NPI), the current Days Payable is 41.58 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Northland Power (TSX:NPI) Overvalued in 2026?

Based on GuruFocus' analysis, Northland Power stock appears to be undervalued. The current stock price of C$22.05 is trading 8.8% below its estimated GF Value™ of C$24.17. GuruFocus considers Northland Power to be Fairly Valued.

Key valuation signals for TSX:NPI:

  • Days Payable: 41.58 (90% below median its 10-year median of 422.18)
  • GF Value™: C$24.17 vs. price of C$22.05 (8.8% below fair value)
  • GF Score™: 68/100 with 7 warning signs
  • Industry Position: 47.8% below the Utilities - Independent Power Producers median (#98 of 390)

No single metric tells the full story. See the TSX:NPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Northland Power Business Description

Address 30 St. Clair Avenue West, 3rd Floor, Toronto, ON, CAN, M4V 3A1
Northland Power develops, constructs, and operates sustainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company's largest segment over the long term. Northland's growth opportunities are global and span North America, Europe, Latin America, and Asia.
68GF Score

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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$22.05
Price
C$24.17
GF Value