Valener (TSX:VNR.PR.A.PFD) Debt-to-Equity

: 0.10 (As of Jun. 2019)

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Valener's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2019 was C$0.00 Mil. Valener's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2019 was C$78.58 Mil. Valener's Total Stockholders Equity for the quarter that ended in Jun. 2019 was C$801.80 Mil. Valener's debt to equity for the quarter that ended in Jun. 2019 was 0.10.

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

TSX:VNR.PR.A.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 1.23 Max: 1.95
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of Valener was 1.95. The lowest was 0.04. And the median was 1.23.

TSX:VNR.PR.A.PFD's Debt-to-Equity is not ranked
in the Utilities - Regulated industry.
Industry Median: 0.84 vs TSX:VNR.PR.A.PFD: 0.10

Valener Debt-to-Equity Historical Data

The historical data trend for Valener'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.

Valener Annual Data

Trend

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Debt-to-Equity

0.09

0.17

0.12

0.14

0.11

Valener Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Debt-to-Equity																0.12	0.11	0.10	0.10	0.10

Competitive Comparison

For the Utilities - Regulated Gas subindustry, Valener'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.

Valener Debt-to-Equity Distribution

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

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

Valener Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Valener's Debt to Equity Ratio for the fiscal year that ended in Sep. 2018 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
	=	(0	+	85.867)	/	777.952
	=	0.11

Valener's Debt to Equity Ratio for the quarter that ended in Jun. 2019 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
	=	(0	+	78.581)	/	801.802
	=	0.10

Valener (TSX:VNR.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.

Valener Debt-to-Equity Related Terms

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

Valener (TSX:VNR.PR.A.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Valener Inc (TSX:VNR.PR.A.PFD) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

1717 du Havre Street, Montreal, QC, CAN, H2K 2X3

Website

http://www.valener.com

Valener Inc is an investment holding company engaged in the regulated energy business in the United States and Canada through Gaz Metro. Its core business operations involve natural gas distribution in Quebec and Vermont as well as electricity distribution in Vermont. The company through its subsidiaries holds the interest in wind farm business. It serves more than 200,000 customers in Quebec and over 310,000 customers in Vermont.

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