Innergex Renewable Energy (TSX:INE) Debt-to-Equity

: 6.04 (As of Dec. 2023)

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Innergex Renewable Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$255.0 Mil. Innergex Renewable Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$6,307.1 Mil. Innergex Renewable Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$1,086.9 Mil. Innergex Renewable Energy's debt to equity for the quarter that ended in Dec. 2023 was 6.04.

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 Innergex Renewable Energy's Debt-to-Equity or its related term are showing as below:

TSX:INE' s Debt-to-Equity Range Over the Past 10 Years
Min: 3.35 Med: 5.44 Max: 7.96
Current: 6.04

During the past 13 years, the highest Debt-to-Equity Ratio of Innergex Renewable Energy was 7.96. The lowest was 3.35. And the median was 5.44.

TSX:INE's Debt-to-Equity is ranked worse than
97.67% of 386 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.84 vs TSX:INE: 6.04

Innergex Renewable Energy Debt-to-Equity Historical Data

The historical data trend for Innergex Renewable Energy'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.

Innergex Renewable Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

7.96

4.94

4.65

4.58

6.04

Innergex Renewable Energy 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																4.58	4.87	4.89	4.88	6.04

Competitive Comparison

For the Utilities - Renewable subindustry, Innergex Renewable Energy'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.

Innergex Renewable Energy Debt-to-Equity Distribution

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

* The bar in red indicates where Innergex Renewable Energy's Debt-to-Equity falls into.

Innergex Renewable Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Innergex Renewable Energy'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
	=	(255.028	+	6307.114)	/	1086.883
	=	6.04

Innergex Renewable Energy'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
	=	(255.028	+	6307.114)	/	1086.883
	=	6.04

Innergex Renewable Energy (TSX:INE) 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.

Innergex Renewable Energy Debt-to-Equity Related Terms

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Innergex Renewable Energy (TSX:INE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Innergex Renewable Energy Inc (TSX:INE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

INGXF:USA 3IX:Germany INE.PR.C.PFD:Canada INE.PR.A.PFD:Canada

Address

1225 Saint-Charles Street West, 10th Floor, Longueuil, QC, CAN, J4K 0B9

Website

https://www.innergex.com

Innergex Renewable Energy Inc is an independent Canadian renewable power producer. It develops, acquires, owns, and operates hydroelectric, wind, and solar facilities in Canada, the United States, France, and Chile. Most of the energy that the company generates comes from its hydroelectric facilities. Innergex Renewable Energy primarily generates revenue through the sale of electricity from its hydroelectric sites. The company's wind farms also generate substantial amounts of energy and revenue.

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