Algonquin Power & Utilities Corp (AQN) - Net Assets
Based on the latest financial reports, Algonquin Power & Utilities Corp (AQN) has net assets worth CA$5.07 Billion CAD (≈ $3.67 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 (CA$13.79 Billion ≈ $9.97 Billion USD) and total liabilities (CA$8.71 Billion ≈ $6.30 Billion USD). 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. Check AQN asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$5.07 Billion |
| % of Total Assets | 36.8% |
| Annual Growth Rate | 19.54% |
| 5-Year Change | 3.2% |
| 10-Year Change | 270.11% |
| Growth Volatility | 38.74 |
Algonquin Power & Utilities Corp - Net Assets Trend (1997–2024)
This chart illustrates how Algonquin Power & Utilities Corp's net assets have evolved over time, based on quarterly financial data. Also explore Algonquin Power & Utilities Corp assets under control for the complete picture of this company's asset base.
Annual Net Assets for Algonquin Power & Utilities Corp (1997–2024)
The table below shows the annual net assets of Algonquin Power & Utilities Corp from 1997 to 2024. For live valuation and market cap data, see Algonquin Power & Utilities Corp (AQN) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$6.18 Billion ≈ $4.47 Billion |
-10.97% |
| 2023-12-31 | CA$6.94 Billion ≈ $5.02 Billion |
-2.98% |
| 2022-12-31 | CA$7.16 Billion ≈ $5.18 Billion |
-7.09% |
| 2021-12-31 | CA$7.70 Billion ≈ $5.57 Billion |
+28.59% |
| 2020-12-31 | CA$5.99 Billion ≈ $4.33 Billion |
+26.40% |
| 2019-12-31 | CA$4.74 Billion ≈ $3.43 Billion |
+17.33% |
| 2018-12-31 | CA$4.04 Billion ≈ $2.92 Billion |
+20.42% |
| 2017-12-31 | CA$3.35 Billion ≈ $2.43 Billion |
+79.20% |
| 2016-12-31 | CA$1.87 Billion ≈ $1.35 Billion |
+12.05% |
| 2015-12-31 | CA$1.67 Billion ≈ $1.21 Billion |
+4.63% |
| 2014-12-31 | CA$1.60 Billion ≈ $1.15 Billion |
+15.68% |
| 2013-12-31 | CA$1.38 Billion ≈ $998.21 Million |
-1.90% |
| 2012-12-31 | CA$1.41 Billion ≈ $1.02 Billion |
+159.86% |
| 2011-12-31 | CA$541.33 Million ≈ $391.59 Million |
+55.16% |
| 2010-12-31 | CA$348.87 Million ≈ $252.37 Million |
-10.21% |
| 2009-12-31 | CA$388.54 Million ≈ $281.07 Million |
+33.42% |
| 2008-12-31 | CA$291.22 Million ≈ $210.67 Million |
-25.33% |
| 2007-12-31 | CA$389.99 Million ≈ $282.11 Million |
-4.61% |
| 2006-12-31 | CA$408.82 Million ≈ $295.73 Million |
+4.81% |
| 2005-12-31 | CA$390.04 Million ≈ $282.15 Million |
-5.33% |
| 2004-12-31 | CA$411.99 Million ≈ $298.03 Million |
-0.13% |
| 2003-12-31 | CA$412.51 Million ≈ $298.41 Million |
+17.77% |
| 2002-12-31 | CA$350.27 Million ≈ $253.38 Million |
+35.47% |
| 2001-12-31 | CA$258.55 Million ≈ $187.03 Million |
+76.58% |
| 2000-12-31 | CA$146.42 Million ≈ $105.92 Million |
+3.34% |
| 1999-12-31 | CA$141.69 Million ≈ $102.50 Million |
+75.91% |
| 1998-12-31 | CA$80.55 Million ≈ $58.27 Million |
+61.48% |
| 1997-12-31 | CA$49.88 Million ≈ $36.08 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Algonquin Power & Utilities Corp'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 decreased by 292815653739.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$7.39 Billion | 157.00% |
| Other Comprehensive Income | CA$62.18 Million | 1.32% |
| Other Components | CA$184.30 Million | 3.91% |
| Total Equity | CA$4.71 Billion | 100.00% |
Algonquin Power & Utilities Corp Competitors by Market Cap
The table below lists competitors of Algonquin Power & Utilities Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Icahn Enterprises LP
NASDAQ:IEP
|
$4.77 Billion |
|
Nantong Jianghai Capacitor Co Ltd
SHE:002484
|
$4.77 Billion |
|
Angel Yeast Co Ltd
SHG:600298
|
$4.78 Billion |
|
Chenzhou Jingui Silver Industry Co Ltd
SHE:002716
|
$4.78 Billion |
|
Shanghai Xinmei Real Estate Co Ltd Class A
SHG:600732
|
$4.77 Billion |
|
Dexus
AU:DXS
|
$4.76 Billion |
|
Lancaster Colony Corporation
NASDAQ:LANC
|
$4.76 Billion |
|
Shenzhen Energy Group Co Ltd
SHE:000027
|
$4.76 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Algonquin Power & Utilities Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,039,565,000 to 4,707,929,000, a change of -331,636,000 (-6.6%).
- Net loss of 1,380,517,000 reduced equity.
- Dividend payments of 281,361,455 reduced retained earnings.
- Share repurchases of 1,150,472,000 reduced equity.
- New share issuances of 1,153,954,000 increased equity.
- Other comprehensive income increased equity by 164,467,000.
- Other factors increased equity by 1,162,293,455.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.38 Billion | -29.32% |
| Dividends Paid | CA$281.36 Million | -5.98% |
| Share Repurchases | CA$1.15 Billion | -24.44% |
| Share Issuances | CA$1.15 Billion | +24.51% |
| Other Comprehensive Income | CA$164.47 Million | +3.49% |
| Other Changes | CA$1.16 Billion | +24.69% |
| Total Change | CA$- | -6.58% |
Book Value vs Market Value Analysis
This analysis compares Algonquin Power & Utilities Corp'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: 1.34x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | CA$6.16 | CA$8.58 | x |
| 1998-12-31 | CA$7.31 | CA$8.58 | x |
| 1999-12-31 | CA$7.27 | CA$8.58 | x |
| 2000-12-31 | CA$5.42 | CA$8.58 | x |
| 2001-12-31 | CA$6.14 | CA$8.58 | x |
| 2002-12-31 | CA$5.92 | CA$8.58 | x |
| 2003-12-31 | CA$5.91 | CA$8.58 | x |
| 2004-12-31 | CA$5.96 | CA$8.58 | x |
| 2005-12-31 | CA$5.60 | CA$8.58 | x |
| 2006-12-31 | CA$5.32 | CA$8.58 | x |
| 2007-12-31 | CA$4.83 | CA$8.58 | x |
| 2008-12-31 | CA$3.63 | CA$8.58 | x |
| 2009-12-31 | CA$4.77 | CA$8.58 | x |
| 2010-12-31 | CA$3.70 | CA$8.58 | x |
| 2011-12-31 | CA$4.31 | CA$8.58 | x |
| 2012-12-31 | CA$5.80 | CA$8.58 | x |
| 2013-12-31 | CA$4.36 | CA$8.58 | x |
| 2014-12-31 | CA$6.05 | CA$8.58 | x |
| 2015-12-31 | CA$5.44 | CA$8.58 | x |
| 2016-12-31 | CA$5.22 | CA$8.58 | x |
| 2017-12-31 | CA$7.02 | CA$8.58 | x |
| 2018-12-31 | CA$6.82 | CA$8.58 | x |
| 2019-12-31 | CA$7.75 | CA$8.58 | x |
| 2020-12-31 | CA$9.22 | CA$8.58 | x |
| 2021-12-31 | CA$9.32 | CA$8.58 | x |
| 2022-12-31 | CA$8.30 | CA$8.58 | x |
| 2023-12-31 | CA$7.30 | CA$8.58 | x |
| 2024-12-31 | CA$6.41 | CA$8.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Algonquin Power & Utilities Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -29.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -59.52%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 3.60x
- Recent ROE (-29.32%) is below the historical average (3.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | -3.40% | -1804.63% | 0.00x | 1.09x | CA$-6.69 Million |
| 1998 | 2.58% | 38.95% | 0.06x | 1.09x | CA$-5.98 Million |
| 1999 | 3.51% | 37.23% | 0.06x | 1.59x | CA$-9.19 Million |
| 2000 | 6.09% | 28.74% | 0.14x | 1.50x | CA$-5.73 Million |
| 2001 | 1.67% | 15.26% | 0.09x | 1.24x | CA$-21.54 Million |
| 2002 | 3.00% | 17.04% | 0.13x | 1.34x | CA$-23.90 Million |
| 2003 | 8.56% | 28.86% | 0.19x | 1.58x | CA$-5.77 Million |
| 2004 | 4.60% | 14.20% | 0.19x | 1.66x | CA$-22.23 Million |
| 2005 | 4.81% | 12.15% | 0.22x | 1.82x | CA$-20.24 Million |
| 2006 | 6.29% | 13.88% | 0.19x | 2.36x | CA$-14.17 Million |
| 2007 | 6.49% | 12.71% | 0.20x | 2.62x | CA$-12.90 Million |
| 2008 | -5.57% | -8.90% | 0.22x | 2.86x | CA$-43.73 Million |
| 2009 | 15.37% | 33.35% | 0.20x | 2.27x | CA$20.84 Million |
| 2010 | 5.63% | 10.74% | 0.19x | 2.81x | CA$-15.25 Million |
| 2011 | 4.55% | 8.45% | 0.22x | 2.49x | CA$-27.46 Million |
| 2012 | 2.19% | 5.77% | 0.13x | 3.02x | CA$-72.00 Million |
| 2013 | 0.99% | 1.40% | 0.19x | 3.65x | CA$-80.79 Million |
| 2014 | 3.53% | 5.68% | 0.23x | 2.71x | CA$-84.69 Million |
| 2015 | 4.42% | 8.32% | 0.21x | 2.58x | CA$-77.82 Million |
| 2016 | 4.81% | 8.43% | 0.13x | 4.29x | CA$-74.32 Million |
| 2017 | 3.75% | 6.68% | 0.18x | 3.09x | CA$-169.39 Million |
| 2018 | 5.82% | 11.22% | 0.18x | 2.96x | CA$-132.77 Million |
| 2019 | 13.70% | 32.64% | 0.15x | 2.82x | CA$143.38 Million |
| 2020 | 15.04% | 46.66% | 0.13x | 2.54x | CA$262.11 Million |
| 2021 | 4.52% | 11.65% | 0.14x | 2.87x | CA$-321.04 Million |
| 2022 | -4.06% | -7.67% | 0.16x | 3.38x | CA$-733.95 Million |
| 2023 | 0.57% | 1.19% | 0.13x | 3.65x | CA$-475.28 Million |
| 2024 | -29.32% | -59.52% | 0.14x | 3.60x | CA$-1.85 Billion |
Industry Comparison
This section compares Algonquin Power & Utilities Corp's net assets metrics with peer companies in the Utilities - Diversified industry.
Industry Context
- Industry: Utilities - Diversified
- Average net assets among peers: $5,851,450,000
- Average return on equity (ROE) among peers: 5.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Algonquin Power & Utilities Corp (AQN) | CA$5.07 Billion | -3.40% | 1.72x | $4.77 Billion |
| ATCO Ltd (ACO-X) | $8.50 Billion | 5.08% | 1.98x | $4.98 Billion |
| ATCO Ltd. (ACO-Y) | $4.24 Billion | 6.68% | 1.35x | $539.28 Million |
| Brookfield Infrastructure Partners L.P (BIP-UN) | $7.81 Billion | 1.02% | 1.53x | $16.36 Billion |
| Canadian Utilities Limited (CU) | $2.86 Billion | 10.54% | 1.38x | $7.20 Billion |
About Algonquin Power & Utilities Corp
Algonquin Power & Utilities Corp. operates in the power and utility industries. The company owns and operates a portfolio of regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations. As of December 31, 2024, it operated a portfolio of regulated utility systems in the United States, Canada, Bermuda, and Chile serving approximatel… Read more