Northland Power (TSX:NPI) Debt-to-Equity : 1.72 (As of Dec. 2023)

View and export this data going back to 1997. Start your Free Trial

What is Northland Power Debt-to-Equity?

Northland Power's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$760 Mil. Northland Power's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$6,436 Mil. Northland Power's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$4,185 Mil. Northland Power's debt to equity for the quarter that ended in Dec. 2023 was 1.72.

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

TSX:NPI' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.59 Med: 4.67 Max: 7.82
Current: 1.72

During the past 13 years, the highest Debt-to-Equity Ratio of Northland Power was 7.82. The lowest was 1.59. And the median was 4.67.

TSX:NPI's Debt-to-Equity is ranked worse than
71.83% of 387 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.84 vs TSX:NPI: 1.72

Northland Power Debt-to-Equity Historical Data

The historical data trend for Northland Power'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.

Northland Power Debt-to-Equity Chart

Northland Power Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

6.78

4.23

2.85

1.59

1.72

Northland Power 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															1.59	1.56	1.63	1.74	1.72

Competitive Comparison of Northland Power's Debt-to-Equity

For the Utilities - Renewable subindustry, Northland Power'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.

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

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

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

Northland Power Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Northland Power'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
	=	(759.811	+	6436.378)	/	4185.177
	=	1.72

Northland Power'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
	=	(759.811	+	6436.378)	/	4185.177
	=	1.72

Northland Power (TSX:NPI) 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.

Northland Power Debt-to-Equity Related Terms

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

Northland Power (TSX:NPI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Northland Power Inc (TSX:NPI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NPIFF:USA 1NR:Germany NPI.PR.B.PFD:Canada NPI.PR.A.PFD:Canada

Address

30 St. Clair Avenue West, 17th Floor, Toronto, ON, CAN, M4V 3A1

Website

https://www.northlandpower.com

Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company's largest segment over the long term. Northland's growth opportunities are global and span North America, Europe, Latin America, and Asia.