Innergex Renewable Energy Inc.

Innergex Renewable Energy Inc.verified

INGXF

Price:

$5.96

Market Cap:

$1.69B

Innergex Renewable Energy Inc. operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates hydroelectric facilities, and wind and solar farms, as well as energy storage facilities. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation. As of February 23, 2022, it owned and operated 80 facilities with a net installed capacity of 3,101 megawatts, which included 40 hydroelectric facilities, 33 watersheds, 32 wind farms, and 8 solar farms; and had interests in under development and prospective projects at various stages of development. Innerg...[Read more]

Industry

Renewable Utilities

IPO Date

2010-04-26

Stock Exchange

PNK

Ticker

INGXF

The Current Ratio as of November 2024 (TTM) for Innergex Renewable Energy Inc. (INGXF) is 0.56

According to Innergex Renewable Energy Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.56. This represents a change of -19.26% compared to the average of 0.70 of the last 4 quarters.

Innergex Renewable Energy Inc. (INGXF) Historical Current Ratio (quarterly & annually)

How has INGXF Current Ratio performed in the past?

The mean historical Current Ratio of Innergex Renewable Energy Inc. over the last ten years is 0.86. The current 0.56 Current Ratio has changed 6.41% with respect to the historical average. Over the past ten years (40 quarters), INGXF's Current Ratio was at its highest in in the December 2015 quarter at 2.15. The Current Ratio was at its lowest in in the June 2019 quarter at 0.29.

Quarterly (TTM)
Annual

Average

0.86

Median

0.85

Minimum

0.36

Maximum

2.15

Innergex Renewable Energy Inc. (INGXF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Innergex Renewable Energy 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 = 134.79%

Maximum Annual Current Ratio = 2.15

Minimum Annual Increase = -60.36%

Minimum Annual Current Ratio = 0.36

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.9112.92%
20220.8152.86%
20210.5321.41%
20200.44-8.42%
20190.4833.92%
20180.36-60.36%
20170.90-21.56%
20161.14-46.66%
20152.15134.79%
20140.91-22.53%

Innergex Renewable Energy Inc. (INGXF) Average Current Ratio

How has INGXF Current Ratio performed in the past?

The current Current Ratio of Innergex Renewable Energy Inc. (INGXF) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

0.75

5-year avg

0.63

10-year avg

0.86

Innergex Renewable Energy Inc. (INGXF) Current Ratio vs. Peers

How is INGXF’s Current Ratio compared to its peers?

Innergex Renewable Energy Inc.’s Current Ratio is less than Ørsted A/S (1.34), less than Clearway Energy, Inc. (1.59), greater than Fusion Fuel Green PLC (0.42), greater than Powertap Hydrogen Capital Corp. (0.00), less than Northland Power Inc. (1.17), less than Algonquin Power & Utilities Corp. (0.92), less than Tidewater Renewables Ltd. (1.15), less than ReNew Energy Global Plc (0.65), greater than Brookfield Renewable Corporation (0.34), less than NextEra Energy Partners, LP (2.02), less than Algonquin Power & Utilities Corp. (0.92), less than Clearway Energy, Inc. (1.59), less than Atlantica Sustainable Infrastructure plc (1.25), less than Brookfield Renewable Partners L.P. (0.73),

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