Algonquin Power & Utilities Corp

NYSE AQN

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Algonquin Power & Utilities Corp Long-Term Debt to Equity Ratio 3 year CAGR for the year ending December 31, 2023: 23.04%

Algonquin Power & Utilities Corp Long-Term Debt to Equity Ratio 3 year CAGR is 23.04% for the year ending December 31, 2023, a 85.93% change year over year. The long-term debt to equity ratio measures the proportion of a company's long-term debt to its shareholders' equity. It is calculated by dividing the long-term debt by the shareholders' equity. This ratio helps assess the company's long-term solvency and its reliance on debt financing. A higher ratio indicates a higher level of debt relative to equity, which can increase the company's financial risk and affect its ability to meet long-term obligations. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Algonquin Power & Utilities Corp Long-Term Debt to Equity Ratio for the year ending December 31, 2022 was 1.36, a 35.90% change year over year.
  • Algonquin Power & Utilities Corp Long-Term Debt to Equity Ratio for the year ending December 31, 2021 was 1.00, a 18.22% change year over year.
  • Algonquin Power & Utilities Corp Long-Term Debt to Equity Ratio for the year ending December 31, 2020 was 0.85, a -11.63% change year over year.
  • Algonquin Power & Utilities Corp Long-Term Debt to Equity Ratio for the year ending December 31, 2019 was 0.96, a -8.55% change year over year.
NYSE: AQN

Algonquin Power & Utilities Corp

CEO Mr. Arun Banskota
IPO Date Oct. 8, 1998
Location Canada
Headquarters 354 Davis Road, Oakville, ON, Canada, L6J 2X1
Employees 3,946
Sector Utilities
Industry Utilities - renewable
Description

Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations. As of December 31, 2023, it provided distribution services to approximately 1,256,000 customer connections in the electric (approximately 309,000 customer connections), water and wastewater (approximately 572,000 customer connections), and natural gas sectors (approximately 375,000 customer connections). The company's electrical distribution utility systems and related transmission and generation assets are located in the states of Arkansas, California, Kansas, Missouri, Nevada, New Hampshire, and Oklahoma, and in Bermuda. Its regulated water distribution and wastewater collection utility systems are located in the states of Arizona, Arkansas, California, Illinois, Missouri, New York and Texas, and in Chile. The company's regulated natural gas distribution utility systems located in the province of New Brunswick and the states of Georgia, Illinois, Iowa, Massachusetts, Missouri, New Hampshire and New York. It also owns and operates generating assets with a gross capacity of approximately 2.0 gigawatt (GW) and has investments in generating assets with approximately 0.3 GW of net generation capacity. The company generates and sells electrical energy, capacity, ancillary products, and renewable attributes produced by its renewable and clean power generation facilities. It has economic interests in hydroelectric, wind, solar, renewable natural gas, and thermal facilities. As of December 31, 2023, it had a combined net generating capacity attributable to the Renewable Energy Group of approximately 2.7 GW. The company was incorporated in 1988 and is headquartered in Oakville, Canada.

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September 20, 2024

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