Algonquin Power & Utilities (TSX:AQN.PR.A.PFD) Debt-to-Equity : 1.69 (As of Dec. 2023)

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What is Algonquin Power & Utilities Debt-to-Equity?

Algonquin Power & Utilities's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$834.28 Mil. Algonquin Power & Utilities's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$10,590.82 Mil. Algonquin Power & Utilities's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$6,761.08 Mil. Algonquin Power & Utilities's debt to equity for the quarter that ended in Dec. 2023 was 1.69.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Algonquin Power & Utilities's Debt-to-Equity or its related term are showing as below:

TSX:AQN.PR.A.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.77 Med: 1.06 Max: 2.22
Current: 1.69

During the past 13 years, the highest Debt-to-Equity Ratio of Algonquin Power & Utilities was 2.22. The lowest was 0.77. And the median was 1.06.

TSX:AQN.PR.A.PFD's Debt-to-Equity is ranked worse than
71.32% of 387 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.83 vs TSX:AQN.PR.A.PFD: 1.69

Algonquin Power & Utilities Debt-to-Equity Historical Data

The historical data trend for Algonquin Power & Utilities's Debt-to-Equity 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.

* Premium members only.

Algonquin Power & Utilities Debt-to-Equity Chart

Algonquin Power & Utilities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.02

0.87

1.06

1.44

1.69

Algonquin Power & Utilities Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.44	1.43	1.56	1.70	1.69

Competitive Comparison of Algonquin Power & Utilities's Debt-to-Equity

For the Utilities - Renewable subindustry, Algonquin Power & Utilities's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Algonquin Power & Utilities's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Algonquin Power & Utilities's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Algonquin Power & Utilities's Debt-to-Equity falls into.

Algonquin Power & Utilities Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Algonquin Power & Utilities's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(834.282	+	10590.824)	/	6761.08
	=	1.69

Algonquin Power & Utilities's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(834.282	+	10590.824)	/	6761.08
	=	1.69

Algonquin Power & Utilities (TSX:AQN.PR.A.PFD) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Algonquin Power & Utilities Debt-to-Equity Related Terms

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Algonquin Power & Utilities (TSX:AQN.PR.A.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Algonquin Power & Utilities Corp (TSX:AQN.PR.A.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AQNU:USA AGQPF.PFD:USA AQN:USA 751:Germany AQN.PR.D.PFD:Canada AQN:Canada

Address

354 Davis Road, Oakville, ON, CAN, L6J 2X1

Website

https://www.algonquinpower.com

Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN provides renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities.

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