Canadian Utilities Limited
Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, renewables, pipelines, and liquids businesses in Canada, Australia, and internationally. It operates through ATCO Energy Systems, ATCO EnPower, ATCO Australia, and Financing & Other segments. The ATCO Energy Systems segment provides regulated electricity transmission and distribution services in n… Read more
Canadian Utilities Limited (CUTLF) - Net Assets
Latest net assets as of December 2025: $6.59 Billion USD
Based on the latest financial reports, Canadian Utilities Limited (CUTLF) has net assets worth $6.59 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($24.52 Billion) and total liabilities ($17.92 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $6.59 Billion |
| % of Total Assets | 26.89% |
| Annual Growth Rate | 6.1% |
| 5-Year Change | -3.36% |
| 10-Year Change | 2.69% |
| Growth Volatility | 11.32 |
Canadian Utilities Limited - Net Assets Trend (1998–2025)
This chart illustrates how Canadian Utilities Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Canadian Utilities Limited (1998–2025)
The table below shows the annual net assets of Canadian Utilities Limited from 1998 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $6.59 Billion | -7.42% |
| 2024-12-31 | $7.12 Billion | -0.49% |
| 2023-12-31 | $7.16 Billion | +1.27% |
| 2022-12-31 | $7.07 Billion | +3.58% |
| 2021-12-31 | $6.82 Billion | +0.21% |
| 2020-12-31 | $6.81 Billion | -1.63% |
| 2019-12-31 | $6.92 Billion | +5.47% |
| 2018-12-31 | $6.56 Billion | +1.55% |
| 2017-12-31 | $6.46 Billion | +0.65% |
| 2016-12-31 | $6.42 Billion | +3.67% |
| 2015-12-31 | $6.19 Billion | +10.45% |
| 2014-12-31 | $5.61 Billion | +3.95% |
| 2013-12-31 | $5.39 Billion | +23.46% |
| 2012-12-31 | $4.37 Billion | +4.37% |
| 2011-12-31 | $4.19 Billion | +1.23% |
| 2010-12-31 | $4.14 Billion | +7.94% |
| 2009-12-31 | $3.83 Billion | +39.23% |
| 2008-12-31 | $2.75 Billion | -12.55% |
| 2007-12-31 | $3.15 Billion | +6.26% |
| 2006-12-31 | $2.96 Billion | +3.54% |
| 2005-12-31 | $2.86 Billion | +3.84% |
| 2004-12-31 | $2.75 Billion | +6.42% |
| 2003-12-31 | $2.59 Billion | +11.72% |
| 2002-12-31 | $2.32 Billion | +40.93% |
| 2001-12-31 | $1.64 Billion | +7.68% |
| 2000-12-31 | $1.53 Billion | +7.58% |
| 1999-12-31 | $1.42 Billion | +6.37% |
| 1998-12-31 | $1.33 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Canadian Utilities Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 330.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.54 Billion | 55.54% |
| Common Stock | $1.31 Billion | 20.62% |
| Other Comprehensive Income | $-14.99 Million | -0.23% |
| Other Components | $1.54 Billion | 24.08% |
| Total Equity | $6.38 Billion | 100.00% |
Canadian Utilities Limited Competitors by Market Cap
The table below lists competitors of Canadian Utilities Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yunnan Tin Co Ltd
SHE:000960
|
$4.62 Billion |
|
Ramsay Health Care Ltd
AU:RHC
|
$4.62 Billion |
|
Tokyo Electric Power Co
PINK:TKECY
|
$4.62 Billion |
|
Loral Space & Communications Inc
TO:LORL
|
$4.62 Billion |
|
Kingdee International Software Group Company Limited
PINK:KGDEF
|
$4.61 Billion |
|
Isupetasys
KO:007660
|
$4.61 Billion |
|
Zhejiang Longsheng Group Co Ltd
SHG:600352
|
$4.60 Billion |
|
Cleveland-Cliffs Inc
NYSE:CLF
|
$4.60 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Canadian Utilities Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,909,000,000 to 6,377,798,276, a change of -531,201,724 (-7.7%).
- Net income of 118,903,022 contributed positively to equity growth.
- Dividend payments of 574,531,412 reduced retained earnings.
- Share repurchases of 249,796,266 reduced equity.
- New share issuances of 219,000,000 increased equity.
- Other comprehensive income decreased equity by 42,987,775.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $118.90 Million | +1.86% |
| Dividends Paid | $574.53 Million | -9.01% |
| Share Repurchases | $249.80 Million | -3.92% |
| Share Issuances | $219.00 Million | +3.43% |
| Other Comprehensive Income | $-42.99 Million | -0.67% |
| Other Changes | $-1.79 Million | -0.03% |
| Total Change | $- | -7.69% |
Book Value vs Market Value Analysis
This analysis compares Canadian Utilities Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.73x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.23x to 0.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $5.26 | $17.00 | x |
| 1999-12-31 | $5.57 | $17.00 | x |
| 2000-12-31 | $6.01 | $17.00 | x |
| 2001-12-31 | $6.46 | $17.00 | x |
| 2002-12-31 | $9.09 | $17.00 | x |
| 2003-12-31 | $10.16 | $17.00 | x |
| 2004-12-31 | $10.82 | $17.00 | x |
| 2005-12-31 | $11.22 | $17.00 | x |
| 2006-12-31 | $11.69 | $17.00 | x |
| 2007-12-31 | $12.49 | $17.00 | x |
| 2008-12-31 | $10.94 | $17.00 | x |
| 2009-12-31 | $15.23 | $17.00 | x |
| 2010-12-31 | $16.41 | $17.00 | x |
| 2011-12-31 | $16.39 | $17.00 | x |
| 2012-12-31 | $17.07 | $17.00 | x |
| 2013-12-31 | $20.80 | $17.00 | x |
| 2014-12-31 | $21.33 | $17.00 | x |
| 2015-12-31 | $23.34 | $17.00 | x |
| 2016-12-31 | $23.22 | $17.00 | x |
| 2017-12-31 | $23.24 | $17.00 | x |
| 2018-12-31 | $23.43 | $17.00 | x |
| 2019-12-31 | $24.65 | $17.00 | x |
| 2020-12-31 | $24.23 | $17.00 | x |
| 2021-12-31 | $24.55 | $17.00 | x |
| 2022-12-31 | $25.51 | $17.00 | x |
| 2023-12-31 | $25.69 | $17.00 | x |
| 2024-12-31 | $25.44 | $17.00 | x |
| 2025-12-31 | $23.45 | $17.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Canadian Utilities Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.86%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.22%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 3.84x
- Recent ROE (1.86%) is below the historical average (11.25%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 16.39% | 11.24% | 0.44x | 3.33x | $85.20 Million |
| 1999 | 15.15% | 9.74% | 0.49x | 3.19x | $73.10 Million |
| 2000 | 16.00% | 8.35% | 0.54x | 3.53x | $91.55 Million |
| 2001 | 15.46% | 7.26% | 0.65x | 3.28x | $89.72 Million |
| 2002 | 13.95% | 10.86% | 0.50x | 2.56x | $91.54 Million |
| 2003 | 11.30% | 7.81% | 0.62x | 2.35x | $33.59 Million |
| 2004 | 12.52% | 11.16% | 0.48x | 2.35x | $69.38 Million |
| 2005 | 10.54% | 11.98% | 0.37x | 2.38x | $15.40 Million |
| 2006 | 12.15% | 14.80% | 0.35x | 2.36x | $63.58 Million |
| 2007 | 13.38% | 17.51% | 0.33x | 2.32x | $106.33 Million |
| 2008 | 16.19% | 16.04% | 0.35x | 2.86x | $170.43 Million |
| 2009 | 13.24% | 19.63% | 0.28x | 2.37x | $124.19 Million |
| 2010 | 11.57% | 18.01% | 0.28x | 2.28x | $64.98 Million |
| 2011 | 12.30% | 17.17% | 0.26x | 2.79x | $96.40 Million |
| 2012 | 13.28% | 18.48% | 0.23x | 3.07x | $143.10 Million |
| 2013 | 10.88% | 17.36% | 0.22x | 2.79x | $47.60 Million |
| 2014 | 12.68% | 19.75% | 0.22x | 2.98x | $150.30 Million |
| 2015 | 5.68% | 10.78% | 0.18x | 2.92x | $-267.30 Million |
| 2016 | 9.97% | 18.24% | 0.18x | 3.02x | $-1.80 Million |
| 2017 | 7.70% | 11.99% | 0.19x | 3.32x | $-144.50 Million |
| 2018 | 9.95% | 14.48% | 0.20x | 3.42x | $-3.50 Million |
| 2019 | 14.12% | 24.35% | 0.19x | 2.98x | $277.60 Million |
| 2020 | 6.45% | 13.21% | 0.16x | 3.07x | $-235.10 Million |
| 2021 | 5.92% | 11.18% | 0.17x | 3.18x | $-270.50 Million |
| 2022 | 9.19% | 15.61% | 0.18x | 3.19x | $-55.90 Million |
| 2023 | 10.18% | 18.62% | 0.16x | 3.33x | $12.60 Million |
| 2024 | 6.95% | 12.83% | 0.16x | 3.44x | $-210.90 Million |
| 2025 | 1.86% | 3.22% | 0.15x | 3.84x | $-518.88 Million |
Industry Comparison
This section compares Canadian Utilities Limited's net assets metrics with peer companies in the Utilities - Diversified industry.
Industry Context
- Industry: Utilities - Diversified
- Average net assets among peers: $1,988,048,111
- Average return on equity (ROE) among peers: 4.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Canadian Utilities Limited (CUTLF) | $6.59 Billion | 16.39% | 2.72x | $4.62 Billion |
| ACEA S.p.A (ACEJF) | $2.11 Billion | 13.47% | 3.25x | $780.10 Million |
| Atco Ltd (ACLLF) | $1.90 Billion | 5.94% | 2.07x | $2.59 Billion |
| A2A S.p.A (AEMMF) | $3.01 Billion | 9.72% | 2.30x | $4.51 Billion |
| The AES Corporation (AES) | $4.50 Billion | -12.12% | 7.52x | $10.04 Billion |
| Allete Inc (ALE) | $837.30 Million | 8.12% | 1.76x | $3.93 Billion |
| Algonquin Power & Utilities Corp (AQN) | $4.04 Billion | 4.58% | 1.32x | $4.01 Billion |
| Avista Corporation (AVA) | $855.06 Million | 1.42% | 3.72x | $3.23 Billion |
| Brookfield Infrastructure Partners LP (BIP) | $553.60 Million | 0.20% | 0.68x | $16.26 Billion |
| Commerce Energy Group Inc (CMNR) | $87.95 Million | 5.87% | 0.15x | $0.94 |