Boralex Inc.

Boralex Inc.verified

BLX.TO

Price:

$34.93

Market Cap:

$3.59B

Boralex Inc., together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities primarily in Canada, France, and the United States. As of December 31, 2021, the company had interests in 90 wind power stations with an installed capacity of 2,032 megawatts (MW); 16 hydroelectric power stations with a capacity of 181 MW; 12 solar power stations with an installed capacity of 244 MW; and one thermal power station with an installed capacity of 35 MW. It also operates two hydroelectric power stations on behalf of R.S.P. Énergie Inc. Boralex Inc. was incorporated in 1982 and is headquartered in Kingsey Falls, Canada.[Read more]

Industry

Renewable Utilities

IPO Date

1996-08-06

Stock Exchange

TSX

Ticker

BLX.TO

The Current Ratio as of September 2024 (TTM) for Boralex Inc. (BLX.TO) is 0.96

According to Boralex Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.96. This represents a change of -12.41% compared to the average of 1.09 of the last 4 quarters.

Boralex Inc. (BLX.TO) Historical Current Ratio (quarterly & annually)

How has BLX.TO Current Ratio performed in the past?

The mean historical Current Ratio of Boralex Inc. over the last ten years is 0.91. The current 0.96 Current Ratio has changed 10.44% with respect to the historical average. Over the past ten years (40 quarters), BLX.TO's Current Ratio was at its highest in in the June 2022 quarter at 1.92. The Current Ratio was at its lowest in in the December 2014 quarter at 0.60.

Quarterly (TTM)
Annual

Average

0.91

Median

0.82

Minimum

0.60

Maximum

1.19

Boralex Inc. (BLX.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Boralex Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 59.59%

Maximum Annual Current Ratio = 1.19

Minimum Annual Increase = -50.74%

Minimum Annual Current Ratio = 0.60

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.0838.76%
20220.78-33.27%
20211.16-0.57%
20201.17-1.91%
20191.1959.59%
20180.75-1.23%
20170.76-11.97%
20160.8620.24%
20150.7219.31%
20140.60-50.74%

Boralex Inc. (BLX.TO) Average Current Ratio

How has BLX.TO Current Ratio performed in the past?

The current Current Ratio of Boralex Inc. (BLX.TO) is less than than its 3-year, less than than its 5-year, and greater than its 10-year historical averages

3-year avg

1.01

5-year avg

1.08

10-year avg

0.91

Boralex Inc. (BLX.TO) Current Ratio vs. Peers

How is BLX.TO’s Current Ratio compared to its peers?

Boralex Inc.’s Current Ratio is greater than Innergex Renewable Energy Inc. (0.57), greater than Northland Power Inc. (0.86), greater than TransAlta Renewables Inc. (0.87), greater than Capital Power Corporation (0.88), greater than Brookfield Renewable Partners L.P. (0.52),

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