Hydro One Limited
Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. The company operates through three segments: Transmission, Distribution, and Other. It owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 125,000 circuit kilometers primary low-voltage distribution lines. The company … Read more
Hydro One Limited (HRNNF) - Net Assets
Latest net assets as of September 2025: $9.13 Billion USD
Based on the latest financial reports, Hydro One Limited (HRNNF) has net assets worth $9.13 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($27.83 Billion) and total liabilities ($18.71 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 | $9.13 Billion |
| % of Total Assets | 32.79% |
| Annual Growth Rate | 5.12% |
| 5-Year Change | 14.54% |
| 10-Year Change | 22.66% |
| Growth Volatility | 5.79 |
Hydro One Limited - Net Assets Trend (2005–2024)
This chart illustrates how Hydro One 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 Hydro One Limited (2005–2024)
The table below shows the annual net assets of Hydro One Limited from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $12.17 Billion | +3.47% |
| 2023-12-31 | $11.77 Billion | +3.27% |
| 2022-12-31 | $11.39 Billion | +3.79% |
| 2021-12-31 | $10.98 Billion | +3.27% |
| 2020-12-31 | $10.63 Billion | +7.69% |
| 2019-12-31 | $9.87 Billion | +2.34% |
| 2018-12-31 | $9.64 Billion | -5.95% |
| 2017-12-31 | $10.25 Billion | +1.63% |
| 2016-12-31 | $10.09 Billion | +1.66% |
| 2015-12-31 | $9.92 Billion | +24.88% |
| 2014-12-31 | $7.95 Billion | +7.17% |
| 2013-12-31 | $7.42 Billion | +8.57% |
| 2012-12-31 | $6.83 Billion | +5.83% |
| 2011-12-31 | $6.45 Billion | +7.91% |
| 2010-12-31 | $5.98 Billion | +10.39% |
| 2009-12-31 | $5.42 Billion | +5.74% |
| 2008-12-31 | $5.12 Billion | +4.87% |
| 2007-12-31 | $4.89 Billion | +1.35% |
| 2006-12-31 | $4.82 Billion | +2.23% |
| 2005-12-31 | $4.72 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hydro One 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 489.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $6.36 Billion | 52.61% |
| Common Stock | $5.71 Billion | 47.26% |
| Other Comprehensive Income | $-12.00 Million | -0.10% |
| Other Components | $28.00 Million | 0.23% |
| Total Equity | $12.09 Billion | 100.00% |
Hydro One Limited Competitors by Market Cap
The table below lists competitors of Hydro One Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hexagon AB (publ)
PINK:HXGBF
|
$21.13 Billion |
|
MongoDB
NASDAQ:MDB
|
$21.31 Billion |
|
Epiroc AB Series A
LSE:0YSU
|
$21.31 Billion |
|
Wolters Kluwer N.V
PINK:WOLTF
|
$21.33 Billion |
|
Liberty Media Corporation Series C Liberty Formula One Common Stock
NASDAQ:FWONK
|
$21.04 Billion |
|
Nokia Corporation
PINK:NOKBF
|
$20.98 Billion |
|
KeyCorp
NYSE:KEY
|
$20.97 Billion |
|
Power Corporation of Canada
PINK:PWCDF
|
$20.95 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hydro One Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,680,000,000 to 12,089,000,000, a change of 409,000,000 (3.5%).
- Net income of 1,156,000,000 contributed positively to equity growth.
- Dividend payments of 743,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 9,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.16 Billion | +9.56% |
| Dividends Paid | $743.00 Million | -6.15% |
| Other Comprehensive Income | $-9.00 Million | -0.07% |
| Other Changes | $5.00 Million | +0.04% |
| Total Change | $- | 3.50% |
Book Value vs Market Value Analysis
This analysis compares Hydro One 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: 1.74x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.41x to 1.74x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | $7.93 | $34.96 | x |
| 2006-12-31 | $8.10 | $34.96 | x |
| 2007-12-31 | $8.21 | $34.96 | x |
| 2008-12-31 | $8.61 | $34.96 | x |
| 2009-12-31 | $54180.00 | $34.96 | x |
| 2010-12-31 | $59810.00 | $34.96 | x |
| 2011-12-31 | $64540.00 | $34.96 | x |
| 2012-12-31 | $68300.00 | $34.96 | x |
| 2013-12-31 | $12.46 | $34.96 | x |
| 2014-12-31 | $16.48 | $34.96 | x |
| 2015-12-31 | $19.84 | $34.96 | x |
| 2016-12-31 | $16.79 | $34.96 | x |
| 2017-12-31 | $17.04 | $34.96 | x |
| 2018-12-31 | $16.01 | $34.96 | x |
| 2019-12-31 | $16.35 | $34.96 | x |
| 2020-12-31 | $17.56 | $34.96 | x |
| 2021-12-31 | $18.14 | $34.96 | x |
| 2022-12-31 | $18.82 | $34.96 | x |
| 2023-12-31 | $19.45 | $34.96 | x |
| 2024-12-31 | $20.13 | $34.96 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hydro One 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): 9.56%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.63%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 3.03x
- Recent ROE (9.56%) is above the historical average (8.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 10.24% | 10.94% | 0.37x | 2.51x | $11.40 Million |
| 2006 | 9.44% | 10.01% | 0.37x | 2.54x | $-27.10 Million |
| 2007 | 8.17% | 8.57% | 0.36x | 2.62x | $-89.60 Million |
| 2008 | 9.72% | 10.83% | 0.33x | 2.71x | $-14.40 Million |
| 2009 | 8.67% | 9.91% | 0.30x | 2.92x | $-71.80 Million |
| 2010 | 9.88% | 11.53% | 0.30x | 2.90x | $-7.10 Million |
| 2011 | 9.93% | 11.72% | 0.30x | 2.85x | $-4.40 Million |
| 2012 | 10.91% | 13.01% | 0.28x | 3.05x | $62.00 Million |
| 2013 | 10.83% | 13.22% | 0.28x | 2.92x | $61.50 Million |
| 2014 | 9.51% | 11.44% | 0.29x | 2.86x | $-38.70 Million |
| 2015 | 7.14% | 10.75% | 0.27x | 2.47x | $-281.90 Million |
| 2016 | 7.39% | 11.29% | 0.26x | 2.53x | $-261.70 Million |
| 2017 | 6.64% | 11.29% | 0.23x | 2.52x | $-342.10 Million |
| 2018 | -0.74% | -1.15% | 0.24x | 2.68x | $-1.03 Billion |
| 2019 | 8.13% | 12.28% | 0.24x | 2.76x | $-183.00 Million |
| 2020 | 16.97% | 24.53% | 0.24x | 2.88x | $734.60 Million |
| 2021 | 8.86% | 13.36% | 0.24x | 2.79x | $-123.80 Million |
| 2022 | 9.29% | 13.50% | 0.25x | 2.78x | $-80.60 Million |
| 2023 | 9.29% | 13.83% | 0.24x | 2.81x | $-83.00 Million |
| 2024 | 9.56% | 13.63% | 0.23x | 3.03x | $-52.90 Million |
Industry Comparison
This section compares Hydro One Limited's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $19,749,720,789
- Average return on equity (ROE) among peers: 9.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hydro One Limited (HRNNF) | $9.13 Billion | 10.24% | 2.05x | $21.07 Billion |
| Aboitiz Equity Ventures Inc (ABOIF) | $21.34 Billion | 14.80% | 0.79x | $1.55 Billion |
| Ameren Corp (AEE) | $4.55 Billion | 11.50% | 2.12x | $30.51 Billion |
| American Electric Power Co Inc (AEP) | $26.99 Billion | 10.99% | 2.82x | $71.56 Billion |
| Avangrid Inc (AGR) | $500.50 Million | 10.07% | 2.97x | $2.56 Billion |
| Central Puerto S.A. (CEPU) | $4.66 Billion | 28.55% | 1.05x | $2.49 Billion |
| CLP Holdings Ltd (CLPHY) | $125.97 Billion | 9.20% | 0.86x | $14.34 Billion |
| CMS Energy Corporation (CMS) | $2.46 Billion | 11.28% | 5.30x | $23.53 Billion |
| CenterPoint Energy Inc (CNP) | $8.35 Billion | -9.26% | 3.01x | $27.76 Billion |
| The Connecticut Light and Power Company (CNTHP) | $2.55 Billion | -9.96% | 3.94x | $506.99K |
| Caribbean Utilities Company Ltd (CUPUF) | $133.72 Million | 17.09% | 1.34x | $224.77 Million |