Hydro One (TSX:H) Debt-to-Equity : 1.42 (As of Mar. 2024)

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What is Hydro One Debt-to-Equity?

Hydro One's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$1,611 Mil. Hydro One's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$15,149 Mil. Hydro One's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$11,800 Mil. Hydro One's debt to equity for the quarter that ended in Mar. 2024 was 1.42.

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 Hydro One's Debt-to-Equity or its related term are showing as below:

TSX:H' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.04 Med: 1.29 Max: 1.42
Current: 1.42

During the past 13 years, the highest Debt-to-Equity Ratio of Hydro One was 1.42. The lowest was 1.04. And the median was 1.29.

TSX:H's Debt-to-Equity is ranked worse than
70.02% of 477 companies
in the Utilities - Regulated industry
Industry Median: 0.87 vs TSX:H: 1.42

Hydro One Debt-to-Equity Historical Data

The historical data trend for Hydro One'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.

Hydro One Debt-to-Equity Chart

Hydro One Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.30

1.37

1.35

1.34

Hydro One Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.32	1.33	1.33	1.34	1.42

Competitive Comparison of Hydro One's Debt-to-Equity

For the Utilities - Regulated Electric subindustry, Hydro One'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.

Hydro One's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hydro One's Debt-to-Equity distribution charts can be found below:

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

Hydro One Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hydro One'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
	=	(979	+	14710)	/	11680
	=	1.34

Hydro One's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(1611	+	15149)	/	11800
	=	1.42

Hydro One (TSX:H) 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.

Hydro One Debt-to-Equity Related Terms

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

Hydro One (TSX:H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hydro One Ltd (TSX:H) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

HRNNF:USA 8H1:Germany

Address

483 Bay Street, South Tower, 8th Floor, Toronto, ON, CAN, M5G 2P5

Website

https://www.hydroone.com

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% common equity stake.