Innergex Renewable Energy (TSX:INE.PR.A.PFD) LT-Debt-to-Total-Asset : 0.71 (As of Dec. 2023)

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What is Innergex Renewable Energy LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Innergex Renewable Energy's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.71.

Innergex Renewable Energy's long-term debt to total assets ratio increased from Dec. 2022 (0.66) to Dec. 2023 (0.71). It may suggest that Innergex Renewable Energy is progressively becoming more dependent on debt to grow their business.

Innergex Renewable Energy LT-Debt-to-Total-Asset Historical Data

The historical data trend for Innergex Renewable Energy's LT-Debt-to-Total-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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Innergex Renewable Energy LT-Debt-to-Total-Asset Chart

Innergex Renewable Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.69

0.59

0.62

0.66

0.71

Innergex Renewable Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.66	0.66	0.66	0.66	0.71

Innergex Renewable Energy LT-Debt-to-Total-Asset Calculation

Innergex Renewable Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	6307.114	/	8939.826
	=	0.71

Innergex Renewable Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	6307.114	/	8939.826
	=	0.71

Innergex Renewable Energy (TSX:INE.PR.A.PFD) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Innergex Renewable Energy LT-Debt-to-Total-Asset Related Terms

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Innergex Renewable Energy (TSX:INE.PR.A.PFD) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Innergex Renewable Energy Inc (TSX:INE.PR.A.PFD) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

INGXF:USA 3IX:Germany INE.PR.C.PFD:Canada INE:Canada

Address

1225 Saint-Charles Street West, 10th Floor, Longueuil, QC, CAN, J4K 0B9

Website

https://www.innergex.com

Innergex Renewable Energy Inc is an independent Canadian renewable power producer. It develops, acquires, owns, and operates hydroelectric, wind, and solar facilities in Canada, the United States, France, and Chile. Most of the energy that the company generates comes from its hydroelectric facilities. Innergex Renewable Energy primarily generates revenue through the sale of electricity from its hydroelectric sites. The company's wind farms also generate substantial amounts of energy and revenue.

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