Northland Power Inc. (NPI) - Net Assets
Based on the latest financial reports, Northland Power Inc. (NPI) has net assets worth CA$4.25 Billion CAD (≈ $3.07 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$13.42 Billion ≈ $9.70 Billion USD) and total liabilities (CA$9.17 Billion ≈ $6.63 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 Northland Power Inc. asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$4.25 Billion |
| % of Total Assets | 31.66% |
| Annual Growth Rate | 12.19% |
| 5-Year Change | 127.51% |
| 10-Year Change | 223.82% |
| Growth Volatility | 25.77 |
Northland Power Inc. - Net Assets Trend (1999–2024)
This chart illustrates how Northland Power Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore Northland Power Inc. (NPI) total assets for the complete picture of this company's asset base.
Annual Net Assets for Northland Power Inc. (1999–2024)
The table below shows the annual net assets of Northland Power Inc. from 1999 to 2024. For live valuation and market cap data, see market cap of Northland Power Inc..
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$4.56 Billion ≈ $3.30 Billion |
+1.64% |
| 2023-12-31 | CA$4.48 Billion ≈ $3.24 Billion |
-5.11% |
| 2022-12-31 | CA$4.72 Billion ≈ $3.42 Billion |
+59.30% |
| 2021-12-31 | CA$2.97 Billion ≈ $2.15 Billion |
+48.08% |
| 2020-12-31 | CA$2.00 Billion ≈ $1.45 Billion |
+32.57% |
| 2019-12-31 | CA$1.51 Billion ≈ $1.09 Billion |
-1.94% |
| 2018-12-31 | CA$1.54 Billion ≈ $1.11 Billion |
+5.68% |
| 2017-12-31 | CA$1.46 Billion ≈ $1.05 Billion |
+6.02% |
| 2016-12-31 | CA$1.38 Billion ≈ $994.74 Million |
-2.27% |
| 2015-12-31 | CA$1.41 Billion ≈ $1.02 Billion |
+31.65% |
| 2014-12-31 | CA$1.07 Billion ≈ $773.12 Million |
+14.98% |
| 2013-12-31 | CA$929.53 Million ≈ $672.41 Million |
+32.58% |
| 2012-12-31 | CA$701.12 Million ≈ $507.18 Million |
+3.15% |
| 2011-12-31 | CA$679.74 Million ≈ $491.71 Million |
-16.77% |
| 2010-12-31 | CA$816.73 Million ≈ $590.81 Million |
+12.25% |
| 2009-12-31 | CA$727.61 Million ≈ $526.34 Million |
+72.85% |
| 2008-12-31 | CA$420.95 Million ≈ $304.51 Million |
-1.48% |
| 2007-12-31 | CA$427.26 Million ≈ $309.07 Million |
-19.55% |
| 2006-12-31 | CA$531.06 Million ≈ $384.16 Million |
+40.08% |
| 2005-12-31 | CA$379.10 Million ≈ $274.24 Million |
+3.31% |
| 2004-12-31 | CA$366.94 Million ≈ $265.44 Million |
-5.36% |
| 2003-12-31 | CA$387.72 Million ≈ $280.47 Million |
+70.54% |
| 2002-12-31 | CA$227.35 Million ≈ $164.46 Million |
-4.63% |
| 2001-12-31 | CA$238.38 Million ≈ $172.44 Million |
-3.86% |
| 2000-12-31 | CA$247.95 Million ≈ $179.36 Million |
-3.38% |
| 1999-12-31 | CA$256.63 Million ≈ $185.64 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Northland Power Inc.'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 116852100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$5.19 Billion | 124.06% |
| Other Comprehensive Income | CA$43.62 Million | 1.04% |
| Other Components | CA$151.12 Million | 3.61% |
| Total Equity | CA$4.19 Billion | 100.00% |
Northland Power Inc. Competitors by Market Cap
The table below lists competitors of Northland Power Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing Roborock Technology Co Ltd
SHG:688169
|
$4.39 Billion |
|
Charoen Pokphand Foods Public Company Limited
F:NVAV
|
$4.39 Billion |
|
Clear Secure Inc
NYSE:YOU
|
$4.40 Billion |
|
MDU Resources Group Inc
NYSE:MDU
|
$4.40 Billion |
|
AURA MINERALS INC. O.N.
F:A531
|
$4.39 Billion |
|
Tsingtao Brewery Company Limited
F:TSI
|
$4.38 Billion |
|
Offshore Oil Engineering Co Ltd
SHG:600583
|
$4.38 Billion |
|
Banco Macro S.A
F:B4W
|
$4.38 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Northland Power Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,185,176,999 to 4,186,112,999, a change of 936,000 (0.0%).
- Net income of 271,825,000 contributed positively to equity growth.
- Dividend payments of 206,650,000 reduced retained earnings.
- Other comprehensive income decreased equity by 64,033,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$271.82 Million | +6.49% |
| Dividends Paid | CA$206.65 Million | -4.94% |
| Other Comprehensive Income | CA$-64.03 Million | -1.53% |
| Other Changes | CA$-206.00K | -0.0% |
| Total Change | CA$- | 0.02% |
Book Value vs Market Value Analysis
This analysis compares Northland Power Inc.'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: 1.43x
- 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 2.79x to 1.43x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | CA$8.33 | CA$23.21 | x |
| 2000-12-31 | CA$8.04 | CA$23.21 | x |
| 2001-12-31 | CA$7.73 | CA$23.21 | x |
| 2002-12-31 | CA$7.38 | CA$23.21 | x |
| 2003-12-31 | CA$10.49 | CA$23.21 | x |
| 2004-12-31 | CA$7.38 | CA$23.21 | x |
| 2005-12-31 | CA$7.09 | CA$23.21 | x |
| 2006-12-31 | CA$8.95 | CA$23.21 | x |
| 2007-12-31 | CA$6.85 | CA$23.21 | x |
| 2008-12-31 | CA$6.45 | CA$23.21 | x |
| 2009-12-31 | CA$9.29 | CA$23.21 | x |
| 2010-12-31 | CA$11.30 | CA$23.21 | x |
| 2011-12-31 | CA$5.81 | CA$23.21 | x |
| 2012-12-31 | CA$5.82 | CA$23.21 | x |
| 2013-12-31 | CA$6.59 | CA$23.21 | x |
| 2014-12-31 | CA$5.66 | CA$23.21 | x |
| 2015-12-31 | CA$5.93 | CA$23.21 | x |
| 2016-12-31 | CA$5.40 | CA$23.21 | x |
| 2017-12-31 | CA$5.39 | CA$23.21 | x |
| 2018-12-31 | CA$5.65 | CA$23.21 | x |
| 2019-12-31 | CA$5.67 | CA$23.21 | x |
| 2020-12-31 | CA$7.83 | CA$23.21 | x |
| 2021-12-31 | CA$12.60 | CA$23.21 | x |
| 2022-12-31 | CA$18.59 | CA$23.21 | x |
| 2023-12-31 | CA$16.56 | CA$23.21 | x |
| 2024-12-31 | CA$16.27 | CA$23.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Northland Power Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.49%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.59%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 3.25x
- Recent ROE (6.49%) is below the historical average (7.05%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 7.17% | 30.73% | 0.22x | 1.04x | CA$-7.27 Million |
| 2000 | 7.65% | 30.80% | 0.24x | 1.04x | CA$-5.83 Million |
| 2001 | 8.66% | 30.17% | 0.28x | 1.04x | CA$-3.20 Million |
| 2002 | 8.43% | 26.50% | 0.22x | 1.43x | CA$-3.56 Million |
| 2003 | 4.85% | 20.64% | 0.21x | 1.12x | CA$-19.96 Million |
| 2004 | 7.40% | 29.84% | 0.16x | 1.57x | CA$-9.56 Million |
| 2005 | 11.69% | 34.58% | 0.23x | 1.45x | CA$6.41 Million |
| 2006 | 6.43% | 20.72% | 0.23x | 1.38x | CA$-18.96 Million |
| 2007 | -6.36% | -14.75% | 0.27x | 1.62x | CA$-69.92 Million |
| 2008 | 15.34% | 33.60% | 0.28x | 1.60x | CA$22.46 Million |
| 2009 | 5.00% | 17.41% | 0.12x | 2.40x | CA$-35.30 Million |
| 2010 | -25.20% | -67.67% | 0.16x | 2.32x | CA$-287.50 Million |
| 2011 | -9.28% | -17.72% | 0.16x | 3.32x | CA$-131.08 Million |
| 2012 | -1.41% | -2.74% | 0.14x | 3.59x | CA$-80.02 Million |
| 2013 | 17.18% | 27.12% | 0.18x | 3.46x | CA$63.19 Million |
| 2014 | -12.83% | -14.02% | 0.15x | 5.98x | CA$-189.65 Million |
| 2015 | 0.12% | 0.16% | 0.10x | 7.42x | CA$-98.17 Million |
| 2016 | 13.00% | 11.05% | 0.13x | 9.27x | CA$28.02 Million |
| 2017 | 17.04% | 11.71% | 0.13x | 10.87x | CA$66.54 Million |
| 2018 | 25.95% | 17.88% | 0.15x | 9.64x | CA$170.96 Million |
| 2019 | 30.16% | 19.34% | 0.16x | 9.85x | CA$214.40 Million |
| 2020 | 24.20% | 18.49% | 0.18x | 7.24x | CA$223.57 Million |
| 2021 | 6.88% | 9.06% | 0.16x | 4.67x | CA$-86.13 Million |
| 2022 | 18.85% | 33.80% | 0.17x | 3.24x | CA$388.61 Million |
| 2023 | -4.19% | -7.81% | 0.16x | 3.26x | CA$-593.71 Million |
| 2024 | 6.49% | 11.59% | 0.17x | 3.25x | CA$-146.79 Million |
Industry Comparison
This section compares Northland Power Inc.'s net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $5,344,431,644
- Average return on equity (ROE) among peers: 4.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Northland Power Inc. (NPI) | CA$4.25 Billion | 7.17% | 2.16x | $4.39 Billion |
| Brookfield Renewable Partners L.P (BEP-UN) | $36.46 Billion | -0.60% | 1.60x | $10.04 Billion |
| Boralex Inc (BLX) | $363.89 Million | 5.60% | 0.71x | $2.74 Billion |
| Greenbriar Capital Corp (GRB) | $5.61 Million | 57.56% | 0.68x | $13.30 Million |
| Innergex Renewable Energy Inc. (INE) | $562.23 Million | -9.76% | 3.83x | $2.01 Billion |
| Polaris Infrastructure Inc (PIF) | $-262.67K | 0.00% | 0.00x | $193.99 Million |
| RE Royalties Ltd (RE) | $17.09 Million | -10.60% | 2.16x | $10.98 Million |
| Synex International Inc. (SXI) | $6.47 Million | -14.07% | 2.08x | $8.66 Million |
About Northland Power Inc.
Northland Power Inc. operates as a power producer in Canada, the Netherlands, Germany, Colombia, Spain, the United States, and internationally. The company produces electricity from renewable resources, such as offshore and onshore wind; solar; natural gas; and battery energy storage for sale under power purchase agreements and other revenue arrangements. As of December 31, 2024, it owned or had … Read more