Algonquin Historical Balance Sheet

AQN Stock

USD 4.85 0.10 2.11%

Trend analysis of Algonquin Power Utilities balance sheet accounts such as Short Long Term Debt Total of 8.9 B, Other Current Liabilities of 895.6 M or Total Current Liabilities of 1.8 B provides information on Algonquin Power's total assets, liabilities, and equity, which is the actual value of Algonquin Power Utilities to its prevalent stockholders. By breaking down trends over time using Algonquin Power balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Algonquin Power Utilities latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Algonquin Power Utilities is a good buy for the upcoming year.

Algonquin Power Inventory

238.49 Million

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algonquin Power Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

About Algonquin Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Algonquin Power Utilities at a specified time, usually calculated after every quarter, six months, or one year. Algonquin Power Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Algonquin Power and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Algonquin currently owns. An asset can also be divided into two categories, current and non-current.

Algonquin Power Balance Sheet Chart

At this time, Algonquin Power's Net Debt is very stable compared to the past year. As of the 25th of November 2024, Non Current Assets Total is likely to grow to about 18.2 B, though Retained Earnings are likely to grow to (1.2 B).

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities Net Receivables Preferred Stock Redeemable

Add Fundamental

Total Assets

Total assets refers to the total amount of Algonquin Power assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Algonquin Power Utilities books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Algonquin Power balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Algonquin Power Utilities are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most accounts from Algonquin Power's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Algonquin Power Utilities current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algonquin Power Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

	2021	2022	2023	2024 (projected)
Short and Long Term Debt Total	6.2B	7.5B	8.5B	8.9B
Total Assets	16.8B	17.6B	18.4B	19.3B

Short Long Term Debt Total Total Assets

Algonquin Power balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Current Deferred Revenue	Accounts Payable	Other Stockholder Equity
Total Assets		0.98	0.92	0.98	0.97	1.0	0.98	-0.63	0.38	1.0	0.81	0.9	0.38	0.98	0.98	0.99	0.99	0.98	0.93	0.99	0.99	0.99	0.99	0.97	0.98	-0.38
Short Long Term Debt Total	0.98		0.91	0.99	0.92	0.98	1.0	-0.72	0.3	0.98	0.87	0.88	0.3	0.98	0.94	0.95	0.99	0.97	0.94	1.0	0.99	0.98	0.96	0.97	0.94	-0.36
Other Current Liab	0.92	0.91		0.94	0.88	0.91	0.91	-0.58	0.32	0.91	0.74	0.85	0.32	0.93	0.86	0.86	0.9	0.94	0.97	0.91	0.93	0.94	0.91	0.86	0.86	-0.3
Total Current Liabilities	0.98	0.99	0.94		0.94	0.99	0.99	-0.69	0.31	0.98	0.81	0.88	0.31	0.98	0.95	0.95	0.98	0.98	0.96	0.99	0.99	0.99	0.97	0.97	0.96	-0.35
Total Stockholder Equity	0.97	0.92	0.88	0.94		0.96	0.91	-0.45	0.48	0.97	0.72	0.87	0.48	0.93	0.98	0.98	0.95	0.94	0.87	0.95	0.94	0.94	0.98	0.92	0.97	-0.36
Property Plant And Equipment Net	1.0	0.98	0.91	0.99	0.96		0.98	-0.66	0.34	1.0	0.79	0.9	0.34	0.99	0.98	0.98	0.99	0.99	0.94	0.99	1.0	0.99	0.99	0.97	0.97	-0.38
Net Debt	0.98	1.0	0.91	0.99	0.91	0.98		-0.73	0.29	0.98	0.87	0.88	0.29	0.98	0.94	0.95	0.99	0.97	0.94	0.99	0.99	0.98	0.96	0.97	0.94	-0.36
Retained Earnings	-0.63	-0.72	-0.58	-0.69	-0.45	-0.66	-0.73		0.15	-0.62	-0.59	-0.65	0.15	-0.73	-0.56	-0.6	-0.68	-0.69	-0.7	-0.68	-0.7	-0.7	-0.59	-0.68	-0.52	0.16
Cash	0.38	0.3	0.32	0.31	0.48	0.34	0.29	0.15		0.38	0.37	0.21	1.0	0.26	0.35	0.41	0.34	0.25	0.24	0.33	0.31	0.35	0.39	0.35	0.39	0.12
Non Current Assets Total	1.0	0.98	0.91	0.98	0.97	1.0	0.98	-0.62	0.38		0.81	0.9	0.38	0.98	0.98	0.99	0.99	0.98	0.93	0.99	0.99	0.99	0.99	0.97	0.98	-0.38
Non Currrent Assets Other	0.81	0.87	0.74	0.81	0.72	0.79	0.87	-0.59	0.37	0.81		0.65	0.37	0.78	0.74	0.77	0.85	0.74	0.77	0.85	0.8	0.81	0.75	0.84	0.78	-0.38
Other Assets	0.9	0.88	0.85	0.88	0.87	0.9	0.88	-0.65	0.21	0.9	0.65		0.21	0.9	0.9	0.9	0.89	0.91	0.86	0.89	0.9	0.89	0.91	0.84	0.83	-0.33
Cash And Short Term Investments	0.38	0.3	0.32	0.31	0.48	0.34	0.29	0.15	1.0	0.38	0.37	0.21		0.26	0.35	0.41	0.34	0.25	0.24	0.33	0.31	0.35	0.39	0.35	0.39	0.13
Net Receivables	0.98	0.98	0.93	0.98	0.93	0.99	0.98	-0.73	0.26	0.98	0.78	0.9	0.26		0.95	0.96	0.98	0.99	0.96	0.98	0.99	0.99	0.97	0.96	0.94	-0.38
Common Stock Total Equity	0.98	0.94	0.86	0.95	0.98	0.98	0.94	-0.56	0.35	0.98	0.74	0.9	0.35	0.95		0.99	0.97	0.95	0.87	0.97	0.96	0.95	0.98	0.94	0.98	-0.44
Common Stock Shares Outstanding	0.99	0.95	0.86	0.95	0.98	0.98	0.95	-0.6	0.41	0.99	0.77	0.9	0.41	0.96	0.99		0.98	0.95	0.88	0.98	0.97	0.96	0.98	0.96	0.97	-0.38
Non Current Liabilities Total	0.99	0.99	0.9	0.98	0.95	0.99	0.99	-0.68	0.34	0.99	0.85	0.89	0.34	0.98	0.97	0.98		0.97	0.93	1.0	0.99	0.98	0.98	0.98	0.96	-0.38
Inventory	0.98	0.97	0.94	0.98	0.94	0.99	0.97	-0.69	0.25	0.98	0.74	0.91	0.25	0.99	0.95	0.95	0.97		0.96	0.98	0.99	0.98	0.98	0.95	0.94	-0.36
Other Current Assets	0.93	0.94	0.97	0.96	0.87	0.94	0.94	-0.7	0.24	0.93	0.77	0.86	0.24	0.96	0.87	0.88	0.93	0.96		0.93	0.96	0.97	0.92	0.89	0.86	-0.36
Total Liab	0.99	1.0	0.91	0.99	0.95	0.99	0.99	-0.68	0.33	0.99	0.85	0.89	0.33	0.98	0.97	0.98	1.0	0.98	0.93		0.99	0.99	0.98	0.98	0.97	-0.38
Property Plant And Equipment Gross	0.99	0.99	0.93	0.99	0.94	1.0	0.99	-0.7	0.31	0.99	0.8	0.9	0.31	0.99	0.96	0.97	0.99	0.99	0.96	0.99		0.99	0.98	0.97	0.95	-0.37
Total Current Assets	0.99	0.98	0.94	0.99	0.94	0.99	0.98	-0.7	0.35	0.99	0.81	0.89	0.35	0.99	0.95	0.96	0.98	0.98	0.97	0.99	0.99		0.98	0.97	0.94	-0.36
Common Stock	0.99	0.96	0.91	0.97	0.98	0.99	0.96	-0.59	0.39	0.99	0.75	0.91	0.39	0.97	0.98	0.98	0.98	0.98	0.92	0.98	0.98	0.98		0.95	0.97	-0.33
Current Deferred Revenue	0.97	0.97	0.86	0.97	0.92	0.97	0.97	-0.68	0.35	0.97	0.84	0.84	0.35	0.96	0.94	0.96	0.98	0.95	0.89	0.98	0.97	0.97	0.95		0.97	-0.35
Accounts Payable	0.98	0.94	0.86	0.96	0.97	0.97	0.94	-0.52	0.39	0.98	0.78	0.83	0.39	0.94	0.98	0.97	0.96	0.94	0.86	0.97	0.95	0.94	0.97	0.97		-0.38
Other Stockholder Equity	-0.38	-0.36	-0.3	-0.35	-0.36	-0.38	-0.36	0.16	0.12	-0.38	-0.38	-0.33	0.13	-0.38	-0.44	-0.38	-0.38	-0.36	-0.36	-0.38	-0.37	-0.36	-0.33	-0.35	-0.38

Click cells to compare fundamentals

Algonquin Power Account Relationship Matchups

Algonquin Power balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	10.9B	13.2B	16.8B	17.6B	18.4B	19.3B
Short Long Term Debt Total	3.9B	4.5B	6.2B	7.5B	8.5B	8.9B
Other Current Liab	114.8M	623.4M	823.0M	925.1M	852.9M	895.6M
Total Current Liabilities	872.1M	955.2M	1.4B	1.5B	1.7B	1.8B
Total Stockholder Equity	3.9B	5.2B	5.9B	5.2B	5.0B	5.3B
Property Plant And Equipment Net	7.2B	8.2B	11.0B	11.9B	12.5B	13.1B
Net Debt	3.9B	4.4B	6.1B	7.5B	8.5B	8.9B
Retained Earnings	(367.1M)	45.8M	(288.4M)	(997.9M)	(1.3B)	(1.2B)
Cash	62.5M	101.6M	125.2M	57.6M	56.1M	38.7M
Non Current Assets Total	10.4B	12.5B	15.8B	16.5B	17.3B	18.2B
Non Currrent Assets Other	640.6M	912.8M	1.2B	1.3B	1.6B	1.7B
Other Assets	671.2M	931.8M	1.2B	1.4B	1.6B	1.6B
Cash And Short Term Investments	62.5M	101.6M	125.2M	57.6M	56.1M	39.3M
Net Receivables	259.1M	324.8M	403.4M	528.1M	524.2M	550.4M
Common Stock Total Equity	3.0B	3.6B	4.0B	4.9B	5.7B	6.0B
Common Stock Shares Outstanding	466.0M	499.9M	564.4M	628.9M	690.8M	725.3M
Liabilities And Stockholders Equity	10.9B	13.2B	16.8B	17.6B	18.4B	19.3B
Non Current Liabilities Total	5.3B	6.3B	7.7B	8.9B	9.7B	10.2B
Inventory	91.1M	134.6M	177.8M	224.9M	227.1M	238.5M
Other Current Assets	58.0M	134.1M	232.4M	283.9M	258.9M	271.8M
Total Liab	6.2B	7.2B	9.1B	10.5B	11.4B	12.0B
Property Plant And Equipment Gross	7.2B	8.2B	12.6B	14.0B	14.9B	15.6B
Total Current Assets	513.2M	695.0M	938.7M	1.1B	1.1B	1.1B
Common Stock	4.0B	4.9B	6.0B	6.2B	6.2B	6.5B
Current Deferred Revenue	381.9M	462.3M	543.3M	629.8M	724.3M	760.5M
Accounts Payable	150.3M	192.2M	185.3M	186.1M	210.4M	220.9M
Other Stockholder Equity	50.6M	60.7M	2.0M	9.4M	7.3M	6.9M
Accumulated Other Comprehensive Income	(9.8M)	(22.5M)	(71.7M)	(160.1M)	(102.3M)	(97.2M)
Short Term Debt	225.0M	139.9M	356.4M	423.3M	621.9M	652.9M
Other Liab	1.6B	1.8B	1.8B	1.8B	2.0B	2.1B
Net Tangible Assets	2.6B	3.7B	4.4B	3.6B	4.2B	4.4B
Long Term Debt	3.7B	4.4B	5.9B	7.1B	7.9B	8.3B
Good Will	1.0B	1.2B	1.2B	1.3B	1.3B	1.4B
Deferred Long Term Liab	509.7M	782.4M	1.0B	1.1B	1.2B	1.3B
Long Term Investments	1.4B	2.1B	2.3B	1.8B	1.6B	1.7B
Short Long Term Debt	225.0M	139.9M	356.4M	423.3M	621.9M	652.9M
Intangible Assets	47.6M	114.9M	105.1M	96.7M	93.9M	74.1M
Property Plant Equipment	7.2B	8.2B	11.0B	11.9B	13.7B	14.4B

Pair Trading with Algonquin Power

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Algonquin Power position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Algonquin Power will appreciate offsetting losses from the drop in the long position's value.

Moving together with Algonquin Stock

0.83

RNWWW

ReNew Energy Global

Pair Corr

Moving against Algonquin Stock

0.79	NRGV	Energy Vault Holdings Buyout Trend	Pair Corr
0.78	GEV	GE Vernova LLC Downward Rally	Pair Corr
0.77	WAVE	Eco Wave Power Upward Rally	Pair Corr
0.75	ELLO	Ellomay Capital	Pair Corr
0.71	ORA	Ormat Technologies	Pair Corr

The ability to find closely correlated positions to Algonquin Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Algonquin Power when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Algonquin Power - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Algonquin Power Utilities to buy it.

The correlation of Algonquin Power is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Algonquin Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Algonquin Power Utilities moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Algonquin Power can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Algonquin Power Utilities offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Algonquin Power's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Algonquin Power Utilities Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Algonquin Power Utilities Stock:

How To Invest In Algonquin

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Is Algonquin Stock a good investment?

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What is Algonquin Power's Net Worth?

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Is Multi-Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Algonquin Power. If investors know Algonquin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Algonquin Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

1.998

Dividend Share

0.391

Earnings Share

0.54

Revenue Per Share

3.671

Quarterly Revenue Growth

0.015

The market value of Algonquin Power Utilities is measured differently than its book value, which is the value of Algonquin that is recorded on the company's balance sheet. Investors also form their own opinion of Algonquin Power's value that differs from its market value or its book value, called intrinsic value, which is Algonquin Power's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Algonquin Power's market value can be influenced by many factors that don't directly affect Algonquin Power's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Algonquin Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Algonquin Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Algonquin Power's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Algonquin Historical Balance Sheet

Algonquin Power Inventory

238.49 Million

About Algonquin Balance Sheet Analysis

Algonquin Power Balance Sheet Chart

Total Assets

Total Current Liabilities

Algonquin Power balance sheet Correlations

Algonquin Power Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Algonquin Power balance sheet Accounts

Pair Trading with Algonquin Power

Moving together with Algonquin Stock

Moving against Algonquin Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net

Net Receivables	- 0.73	Retained Earnings
Retained Earnings	- 0.73	Net Debt
Retained Earnings	- 0.72	Short Long Term Debt Total
Total Current Assets	- 0.7	Retained Earnings
Property Plant And Equipment Gross	- 0.7	Retained Earnings
Other Current Assets	- 0.7	Retained Earnings