Hydro One Ltd
Hydro One Limited operates as an electricity transmission and distribution company in Ontario. It operates through three segments: Transmission, Distribution, and Other. The company owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 126,000 circuit kilometers primary low-voltage distribution lines. It provides telecommunications support … Read more
Hydro One Ltd (H) - Net Assets
Latest net assets as of December 2025: CA$12.75 Billion CAD
Based on the latest financial reports, Hydro One Ltd (H) has net assets worth CA$12.75 Billion CAD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$39.67 Billion) and total liabilities (CA$26.93 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 | CA$12.75 Billion |
| % of Total Assets | 32.13% |
| Annual Growth Rate | 5.1% |
| 5-Year Change | 16.13% |
| 10-Year Change | 26.34% |
| Growth Volatility | 5.65 |
Hydro One Ltd - Net Assets Trend (2005–2025)
This chart illustrates how Hydro One Ltd'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 Ltd (2005–2025)
The table below shows the annual net assets of Hydro One Ltd from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$12.75 Billion | +4.71% |
| 2024-12-31 | CA$12.17 Billion | +3.47% |
| 2023-12-31 | CA$11.77 Billion | +3.27% |
| 2022-12-31 | CA$11.39 Billion | +3.79% |
| 2021-12-31 | CA$10.98 Billion | +3.27% |
| 2020-12-31 | CA$10.63 Billion | +7.69% |
| 2019-12-31 | CA$9.87 Billion | +2.34% |
| 2018-12-31 | CA$9.64 Billion | -5.95% |
| 2017-12-31 | CA$10.25 Billion | +1.63% |
| 2016-12-31 | CA$10.09 Billion | +1.66% |
| 2015-12-31 | CA$9.92 Billion | +24.88% |
| 2014-12-31 | CA$7.95 Billion | +7.17% |
| 2013-12-31 | CA$7.42 Billion | +8.57% |
| 2012-12-31 | CA$6.83 Billion | +5.83% |
| 2011-12-31 | CA$6.45 Billion | +7.91% |
| 2010-12-31 | CA$5.98 Billion | +10.39% |
| 2009-12-31 | CA$5.42 Billion | +5.74% |
| 2008-12-31 | CA$5.12 Billion | +4.87% |
| 2007-12-31 | CA$4.89 Billion | +1.35% |
| 2006-12-31 | CA$4.82 Billion | +2.23% |
| 2005-12-31 | CA$4.72 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hydro One Ltd'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 540.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$6.91 Billion | 54.64% |
| Common Stock | CA$5.72 Billion | 45.23% |
| Other Comprehensive Income | CA$-9.00 Million | -0.07% |
| Other Components | CA$25.00 Million | 0.20% |
| Total Equity | CA$12.65 Billion | 100.00% |
Hydro One Ltd Competitors by Market Cap
The table below lists competitors of Hydro One Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Transurban Group
PINK:TRAUF
|
$24.79 Billion |
|
Mahindra & Mahindra Limited
PINK:MAHMF
|
$24.80 Billion |
|
Amadeus IT Holding SA PK
PINK:AMADY
|
$24.80 Billion |
|
Wuliangye Yibin Co Ltd
SHE:000858
|
$24.84 Billion |
|
Dassault Systemes SE
PINK:DASTF
|
$24.68 Billion |
|
Caseys General Stores Inc
NASDAQ:CASY
|
$24.63 Billion |
|
Elite Material Co Ltd
TW:2383
|
$24.57 Billion |
|
Chocoladefabriken Lindt & Sprüngli AG
PINK:COCXF
|
$24.55 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hydro One Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 12,089,000,000 to 12,648,000,000, a change of 559,000,000 (4.6%).
- Net income of 1,339,000,000 contributed positively to equity growth.
- Dividend payments of 788,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 3,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$1.34 Billion | +10.59% |
| Dividends Paid | CA$788.00 Million | -6.23% |
| Other Comprehensive Income | CA$3.00 Million | +0.02% |
| Other Changes | CA$5.00 Million | +0.04% |
| Total Change | CA$- | 4.62% |
Book Value vs Market Value Analysis
This analysis compares Hydro One Ltd'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: 2.86x
- 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 7.59x to 2.86x 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 | CA$7.93 | CA$60.17 | x |
| 2006-12-31 | CA$8.10 | CA$60.17 | x |
| 2007-12-31 | CA$8.21 | CA$60.17 | x |
| 2008-12-31 | CA$8.61 | CA$60.17 | x |
| 2009-12-31 | CA$54180.00 | CA$60.17 | x |
| 2010-12-31 | CA$59810.00 | CA$60.17 | x |
| 2011-12-31 | CA$64540.00 | CA$60.17 | x |
| 2012-12-31 | CA$68300.00 | CA$60.17 | x |
| 2013-12-31 | CA$12.46 | CA$60.17 | x |
| 2014-12-31 | CA$16.48 | CA$60.17 | x |
| 2015-12-31 | CA$19.84 | CA$60.17 | x |
| 2016-12-31 | CA$16.79 | CA$60.17 | x |
| 2017-12-31 | CA$17.04 | CA$60.17 | x |
| 2018-12-31 | CA$16.01 | CA$60.17 | x |
| 2019-12-31 | CA$16.35 | CA$60.17 | x |
| 2020-12-31 | CA$17.56 | CA$60.17 | x |
| 2021-12-31 | CA$18.14 | CA$60.17 | x |
| 2022-12-31 | CA$18.82 | CA$60.17 | x |
| 2023-12-31 | CA$19.45 | CA$60.17 | x |
| 2024-12-31 | CA$20.13 | CA$60.17 | x |
| 2025-12-31 | CA$21.05 | CA$60.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hydro One Ltd 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): 10.59%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.81%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 3.14x
- Recent ROE (10.59%) is above the historical average (9.50%), 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 | CA$11.40 Million |
| 2006 | 9.44% | 10.01% | 0.37x | 2.54x | CA$-27.10 Million |
| 2007 | 8.17% | 8.57% | 0.36x | 2.62x | CA$-89.60 Million |
| 2008 | 9.72% | 10.83% | 0.33x | 2.71x | CA$-14.40 Million |
| 2009 | 8.67% | 9.91% | 0.30x | 2.92x | CA$-71.80 Million |
| 2010 | 9.88% | 11.53% | 0.30x | 2.90x | CA$-7.10 Million |
| 2011 | 9.93% | 11.72% | 0.30x | 2.85x | CA$-4.40 Million |
| 2012 | 10.91% | 13.01% | 0.28x | 3.05x | CA$62.00 Million |
| 2013 | 10.83% | 13.22% | 0.28x | 2.92x | CA$61.50 Million |
| 2014 | 9.51% | 11.44% | 0.29x | 2.86x | CA$-38.70 Million |
| 2015 | 7.14% | 10.75% | 0.27x | 2.47x | CA$-281.90 Million |
| 2016 | 7.39% | 11.29% | 0.26x | 2.53x | CA$-261.70 Million |
| 2017 | 6.64% | 11.29% | 0.23x | 2.52x | CA$-342.10 Million |
| 2018 | 8.32% | 12.94% | 0.24x | 2.68x | CA$-161.30 Million |
| 2019 | 8.13% | 12.28% | 0.24x | 2.76x | CA$-183.00 Million |
| 2020 | 16.97% | 24.53% | 0.24x | 2.88x | CA$734.60 Million |
| 2021 | 8.86% | 13.36% | 0.24x | 2.79x | CA$-123.80 Million |
| 2022 | 9.29% | 13.50% | 0.25x | 2.78x | CA$-80.60 Million |
| 2023 | 9.29% | 13.83% | 0.24x | 2.81x | CA$-83.00 Million |
| 2024 | 9.56% | 13.63% | 0.23x | 3.03x | CA$-52.90 Million |
| 2025 | 10.59% | 14.81% | 0.23x | 3.14x | CA$74.20 Million |
Industry Comparison
This section compares Hydro One Ltd's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
No peer company data available for comparison.