Hydro One (TSX:H) Interest Expense: C$-682 Mil (TTM As of Mar. 2026)


TSX:H Hydro One Ltd TSX:H
79 GF Score
Price C$59.06
GF Value C$50.89
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Hydro One Interest Expense?

Hydro One TSX:H +1.16% 79 Interest Expense is C$-682 Mil as of Mar. 2026. GuruFocus rates TSX:H with a GF Score™ of 79/100 and a GF Value™ of C$50.89 (Modestly Overvalued). The stock has 10 warning signs investors should review.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hydro One's interest expense for the three months ended in Mar. 2026 was C$ -173 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2026 was C$-682 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Hydro One's Operating Income for the three months ended in Mar. 2026 was C$ 646 Mil. Hydro One's Interest Expense for the three months ended in Mar. 2026 was C$ -173 Mil. Hydro One's Interest Coverage for the quarter that ended in Mar. 2026 was 3.73. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Hydro One  (TSX:H) Interest Expense Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Hydro One's Interest Expense for the three months ended in Mar. 2026 was C$-173 Mil. Its Operating Income for the three months ended in Mar. 2026 was C$646 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2026 was C$18,119 Mil.

Hydro One's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*646/-173
=3.73

* 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.

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Hydro One Ltd interest coverage is 3.53, which is low.

Hydro One Interest Expense Historical Data

* Premium members only.

The historical data trend for Hydro One's Interest Expense 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.

Hydro One Interest Expense Chart

Hydro One Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -451.00 -477.00 -568.00 -631.00 -673.00

Hydro One Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -164.00 -166.00 -169.00 -174.00 -173.00
TSX:H
79GF Score
Hydro One Ltd TSX:H
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Hydro One Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-682 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of C$-682 Mil mean?
Hydro One (TSX:H) has a Interest Expense of C$-682 Mil as of Mar. 2026. Interest Expense is the amount a company pays on its long-term debt. View historical data on Hydro One and its competitors.
Is Hydro One's Interest Expense too high?
Hydro One's current Interest Expense is C$-682 Mil. Overall, Hydro One has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hydro One's Interest Expense compare to NEE and SO?
Hydro One's Interest Expense of C$-682 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for an Utilities - Regulated company?
A good Interest Expense depends on the Utilities - Regulated industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Hydro One and its competitors. Hydro One's current Interest Expense is C$-682 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hydro One stock overvalued right now?
Based on GuruFocus' analysis, Hydro One (TSX:H) is currently considered Modestly Overvalued. The stock's GF Value™ is C$50.89, compared to a current price of C$59.06 — trading 16.1% above its estimated fair value. The current Interest Expense is C$-682 Mil. Hydro One's overall GF Score™ is 79/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Hydro One (TSX:H), the current Interest Expense is C$-682 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hydro One (TSX:H) Overvalued in 2026?

Based on GuruFocus' analysis, Hydro One stock appears to be overvalued. The current stock price of C$59.06 is trading 16.1% above its estimated GF Value™ of C$50.89. GuruFocus considers Hydro One to be Modestly Overvalued.

Key valuation signals for TSX:H:

  • Interest Expense: C$-682 Mil
  • GF Value™: C$50.89 vs. price of C$59.06 (16.1% above fair value)
  • GF Score™: 79/100 with 10 warning signs

No single metric tells the full story. See the TSX:H stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hydro One Business Description

Other Exchanges HRNNF:USA8H1:Germany
Address 483 Bay Street, South Tower, 8th Floor, Toronto, ON, CAN, M5G 2P5
Hydro One operates regulated transmission and distribution assets in Ontario. The area's largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company's rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business with annual revenue contributing less than 1% to consolidated results. The province of Ontario holds an approximate 47.5% common equity stake.
79GF Score

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Interest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$59.06
Price
C$50.89
GF Value