AQN (Algonquin Power & Utilities) Debt-to-Asset : 0.42 (As of Sep. 2024)

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

Algonquin Power & Utilities's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $264 Mil. Algonquin Power & Utilities's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $7,212 Mil. Algonquin Power & Utilities's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $17,789 Mil. Algonquin Power & Utilities's debt to asset for the quarter that ended in Sep. 2024 was 0.42.

Algonquin Power & Utilities Debt-to-Asset Historical Data

The historical data trend for Algonquin Power & Utilities's Debt-to-Asset 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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Algonquin Power & Utilities Debt-to-Asset Chart

Algonquin Power & Utilities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.36

0.34

0.37

0.43

0.46

Algonquin Power & Utilities Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.47	0.46	0.50	0.44	0.42

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

For the Utilities - Renewable subindustry, Algonquin Power & Utilities's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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-Asset Distribution in the Utilities - Independent Power Producers Industry

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

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

Algonquin Power & Utilities Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

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

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(621.856	+	7894.174)	/	18373.961
	=	0.46

Algonquin Power & Utilities's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(263.763	+	7211.946)	/	17788.645
	=	0.42

Algonquin Power & Utilities (NYSE:AQN) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Algonquin Power & Utilities Debt-to-Asset Related Terms

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Algonquin Power & Utilities Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Algonquin Power & Utilities Corp (NYSE:AQN) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

AGQPF.PFD:USA 751:Germany 751:Germany AQN.PR.D.PFD:Canada AQN.PR.A.PFD:Canada AQN:Canada 751:Bulgaria

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.