Algonquin Power & Utilities (TSX:AQN) Equity-to-Asset

: 0.27 (As of Dec. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Algonquin Power & Utilities's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$6,761 Mil. Algonquin Power & Utilities's Total Assets for the quarter that ended in Dec. 2023 was C$24,651 Mil. Therefore, Algonquin Power & Utilities's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.27.

The historical rank and industry rank for Algonquin Power & Utilities's Equity-to-Asset or its related term are showing as below:

TSX:AQN' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.23 Med: 0.34 Max: 0.39
Current: 0.27

During the past 13 years, the highest Equity to Asset Ratio of Algonquin Power & Utilities was 0.39. The lowest was 0.23. And the median was 0.34.

TSX:AQN's Equity-to-Asset is ranked worse than
69.79% of 437 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.39 vs TSX:AQN: 0.27

Algonquin Power & Utilities Equity-to-Asset Historical Data

The historical data trend for Algonquin Power & Utilities's Equity-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.

* Premium members only.

Algonquin Power & Utilities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.36

0.39

0.35

0.30

0.27

Algonquin Power & Utilities Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.30	0.31	0.29	0.27	0.27

Competitive Comparison

For the Utilities - Renewable subindustry, Algonquin Power & Utilities's Equity-to-Asset, along with its competitors' market caps and Equity-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 Equity-to-Asset Distribution

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

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

Algonquin Power & Utilities Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

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

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	6761.08	/	24650.506
	=	0.27

Algonquin Power & Utilities's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	6761.08	/	24650.506
	=	0.27

Algonquin Power & Utilities (TSX:AQN) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Algonquin Power & Utilities Equity-to-Asset Related Terms

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Algonquin Power & Utilities (TSX:AQN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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

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.