ALGONQUIN POWER & UTILITIES CORP.
AQN, AGQPF, AQNB · Electric Services · EDGAR filings ↗
Grade
D52Leveraged regulated utility with weak returns, collapsing earnings and thin interest coverage.
Strengths
- Adequate current/quick ratios (1.0, 68th pct) and stable regulated utility revenue base
- Operating margin near sector median (52nd pct)
Risks
- Very weak returns (ROE 3.9% 26th pct, ROIC 3.7% 12th pct) and earnings swing (net income growth -113%, 10th pct)
- Low interest coverage (1.79x, 18th pct) against high debt/equity (1.33)
Key metrics
Operating margin
20.7%
Net margin
7.4%
Return on equity
3.9%
Return on assets
1.3%
ROIC
3.7%
Revenue growth (QoQ)
4.9%
Debt / equity
1.3×
Net debt / EBITDA
6.6×
Interest coverage
1.8×
Current ratio
1.0×
EBITDA
$905M
Tangible book value
$3.3B
Cash & investments
$240M
Stock comp / revenue
0.5%
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2026-03-06 | 2025-12-31 | 0001174169-26-000015 ↗ |
| 40-F | 2025-03-07 | 2024-12-31 | 0001174169-25-000020 ↗ |
| 40-F | 2024-03-08 | 2023-12-31 | 0001174169-24-000019 ↗ |
| 40-F | 2023-03-17 | 2022-12-31 | 0001174169-23-000016 ↗ |
| 40-F | 2022-03-04 | 2021-12-31 | 0001174169-22-000021 ↗ |
| 40-F | 2021-03-05 | 2020-12-31 | 0001174169-21-000012 ↗ |
| 40-F | 2020-02-28 | 2019-12-31 | 0001174169-20-000018 ↗ |
| 40-F | 2019-02-28 | 2018-12-31 | 0001140361-19-004116 ↗ |
| 40-F | 2018-03-08 | 2017-12-31 | 0001628280-18-002905 ↗ |
| 40-F | 2017-03-10 | 2016-12-31 | 0001628280-17-002474 ↗ |
| 40-F | 2016-03-15 | 2015-12-31 | 0001628280-16-012691 ↗ |
| 40-F | 2015-03-31 | 2014-12-31 | 0001174169-15-000004 ↗ |