Top Utility companies in Canada by Debt to Equity Ratio

This ranking features the top 12 Utility companies in Canada ranked by Debt to Equity Ratio, averaging a Debt to Equity Ratio of 1.85, for January 15, 2025.

Canada

Utility
Debt to Equity Ratio
#
Name
Debt to Equity Ratio
 Reported Date
Stock Price
Change
 Price (30 days) Country
1
GRID.TO

Tantalus Systems Holding Inc.

1

GRID.TO
6.20
Dec. 31, 2023 USD 1.40 -1.26%

Canada
2
TA.TO

TransAlta Corporation

2

TA.TO
2.74
Dec. 31, 2023 USD 13.03 0.38%

Canada
3
ACO-X.TO

ATCO Ltd.

3

ACO-X.TO
2.53
Dec. 31, 2023 USD 31.90 -0.85%

Canada
4
AQN.TO

Algonquin Power & Utilities Corp.

4

AQN.TO
1.69
Dec. 31, 2023 USD 4.33 1.35%

Canada
5
EMA.TO

Emera Incorporated

5

EMA.TO
1.64
Dec. 31, 2023 USD 35.90 -0.39%

Canada
6
CU.TO

Canadian Utilities Limited

6

CU.TO
1.52
Dec. 31, 2023 USD 23.43 -0.50%

Canada
7
FTS.TO

Fortis Inc.

7

FTS.TO
1.40
Dec. 31, 2023 USD 40.51 -0.59%

Canada
8
FSV.TO

FirstService Corporation

8

FSV.TO
1.38
Dec. 31, 2023 USD 177.30 1.11%

Canada
9
H.TO

Hydro One Limited

9

H.TO
1.35
Dec. 31, 2023 USD 29.73 -0.23%

Canada
10
ALA.TO

AltaGas Ltd.

10

ALA.TO
1.28
Dec. 31, 2023 USD 23.32 -0.70%

Canada
11
MXG.TO

Maxim Power Corp.

11

MXG.TO
0.27
Dec. 31, 2023 USD 4.17 2.44%

Canada
12
HPS-A.TO

Hammond Power Solutions Inc.

12

HPS-A.TO
0.16
Dec. 31, 2023 USD 80.57 3.42%

Canada
Frequently Asked Questions
  • Which Utility company in Canada has the highest Debt to Equity Ratio ?

    The Utility company in Canada with the highest Debt to Equity Ratio is Tantalus Systems Holding Inc. (Toronto Stock Exchange: GRID.TO) at 6.20.

  • Which Utility company in Canada has the lowest Debt to Equity Ratio ?

    The Utility company in Canada with the lowest Debt to Equity Ratio is Hammond Power Solutions Inc. (Toronto Stock Exchange: HPS-A.TO) at 0.16.