Canadian Utilities (TSX:CU.X) Debt-to-Equity : 1.53 (As of Dec. 2023)

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What is Canadian Utilities Debt-to-Equity?

Canadian Utilities's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$536 Mil. Canadian Utilities's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$10,053 Mil. Canadian Utilities's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$6,944 Mil. Canadian Utilities's debt to equity for the quarter that ended in Dec. 2023 was 1.52.

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 Canadian Utilities's Debt-to-Equity or its related term are showing as below:

TSX:CU.X' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.31 Med: 1.39 Max: 1.64
Current: 1.53

During the past 13 years, the highest Debt-to-Equity Ratio of Canadian Utilities was 1.64. The lowest was 1.31. And the median was 1.39.

TSX:CU.X's Debt-to-Equity is ranked worse than
73.53% of 476 companies
in the Utilities - Regulated industry
Industry Median: 0.84 vs TSX:CU.X: 1.53

Canadian Utilities Debt-to-Equity Historical Data

The historical data trend for Canadian 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.

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Canadian Utilities Debt-to-Equity Chart

Canadian Utilities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.34

1.38

1.44

1.39

1.53

Canadian 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															1.39	1.48	1.47	1.56	1.53

Competitive Comparison of Canadian Utilities's Debt-to-Equity

For the Utilities - Diversified subindustry, Canadian 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.

Canadian Utilities's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Canadian Utilities's Debt-to-Equity distribution charts can be found below:

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

Canadian Utilities Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Canadian 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
	=	(536	+	10053)	/	6944
	=	1.52

Canadian 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
	=	(536	+	10053)	/	6944
	=	1.52

Canadian Utilities (TSX:CU.X) 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.

Canadian Utilities Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Canadian Utilities's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Canadian Utilities (TSX:CU.X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Canadian Utilities Ltd (TSX:CU.X) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CNAUF.PFD:USA CDUTF.PFD:USA CDUAF:USA CUD:Germany CU.PR.I.PFD:Canada CU.PR.H.PFD:Canada CU.PR.G.PFD:Canada CU.PR.F.PFD:Canada CU.PR.E.PFD:Canada CU.PR.D.PFD:Canada CU.PR.C.PFD:Canada CU:Canada

Address

5302 Forand Street S.W., 4th Floor, West Building, Calgary, AB, CAN, T3E 8B4

Website

https://www.canadianutilities.com

Canadian Utilities Ltd, a subsidiary of holding company Atco, offers gas and electricity services. The company's main divisions include electricity (generation, transmission, and distribution), pipelines & liquid (natural gas and water), and Retail Energy. Headquartered in Calgary, Alberta, the firm mainly operates in Canada and Australia, along with some operations in the United States and Mexico. Canadian Utilities launched a large venture called Atco Energy, which provides low-cost and sustainable energy solutions for Alberta.

Canadian Utilities (TSX:CU.X) Headlines

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