Hydro One (HN) Ratios
Hydro One Ratios
MX:HN's free cash flow for Q2 2026 was $27.00M. For the 2026 fiscal year, MX:HN's free cash flow was decreased by $-659.00M and operating cash flow was $686.00M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.61 | 0.60 | 0.50 | 0.51 | 0.61 |
| Quick Ratio | 0.60 | 0.60 | 0.48 | 0.50 | 0.61 |
| Cash Ratio | 0.15 | 0.20 | 0.03 | 0.15 | 0.18 |
| Solvency Ratio | 0.09 | 0.09 | 0.10 | 0.10 | 0.10 |
| Operating Cash Flow Ratio | 0.75 | 0.72 | 0.89 | 0.62 | 0.72 |
| Short-Term Operating Cash Flow Coverage | 2.59 | 1.88 | 2.46 | 1.07 | 1.30 |
| Net Current Asset Value | $ -24.75B | $ -22.39B | $ -19.73B | $ -18.20B | $ -17.58B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 |
| Debt-to-Equity Ratio | 1.52 | 1.47 | 1.35 | 1.34 | 1.35 |
| Debt-to-Capital Ratio | 0.60 | 0.59 | 0.57 | 0.57 | 0.57 |
| Long-Term Debt-to-Capital Ratio | 0.59 | 0.57 | 0.56 | 0.54 | 0.54 |
| Financial Leverage Ratio | 3.14 | 3.03 | 2.81 | 2.78 | 2.79 |
| Debt Service Coverage Ratio | 1.82 | 1.44 | 1.71 | 0.97 | 1.11 |
| Interest Coverage Ratio | 3.23 | 3.03 | 3.15 | 3.69 | 3.57 |
| Debt to Market Cap | 0.58 | 0.67 | 0.66 | 0.70 | 0.75 |
| Interest Debt Per Share | 33.15 | 30.67 | 27.23 | 26.21 | 25.38 |
| Net Debt to EBITDA | 5.53 | 5.56 | 5.49 | 5.22 | 5.62 |
| Profitability Margins | |||||
| Gross Profit Margin | 24.75% | 23.18% | 23.48% | 23.55% | 22.31% |
| EBIT Margin | 25.00% | 23.51% | 23.66% | 23.68% | 22.19% |
| EBITDA Margin | 37.29% | 36.08% | 36.36% | 36.09% | 34.95% |
| Operating Profit Margin | 24.75% | 23.18% | 23.48% | 23.55% | 22.31% |
| Pretax Profit Margin | 17.34% | 15.87% | 16.22% | 17.30% | 15.93% |
| Net Profit Margin | 14.81% | 13.63% | 13.83% | 13.50% | 13.36% |
| Continuous Operations Profit Margin | 14.92% | 13.73% | 13.95% | 13.60% | 13.47% |
| Net Income Per EBT | 85.40% | 85.88% | 85.30% | 78.01% | 83.84% |
| EBT Per EBIT | 70.06% | 68.43% | 69.06% | 73.47% | 71.40% |
| Return on Assets (ROA) | 3.38% | 3.15% | 3.30% | 3.34% | 3.18% |
| Return on Equity (ROE) | 10.59% | 9.56% | 9.29% | 9.29% | 8.86% |
| Return on Capital Employed (ROCE) | 6.20% | 5.93% | 6.11% | 6.59% | 5.88% |
| Return on Invested Capital (ROIC) | 5.19% | 4.93% | 5.09% | 4.81% | 4.69% |
| Return on Tangible Assets | 3.47% | 3.24% | 3.41% | 3.45% | 3.28% |
| Earnings Yield | 4.09% | 4.36% | 4.60% | 4.84% | 4.90% |
| Efficiency Ratios | |||||
| Receivables Turnover | 6.06 | 6.86 | 6.86 | 7.42 | 7.35 |
| Payables Turnover | 18.34 | 18.73 | 17.97 | 20.16 | 10.77 |
| Inventory Turnover | 219.45 | 224.72 | 171.49 | 237.92 | 255.14 |
| Fixed Asset Turnover | 0.29 | 0.29 | 0.29 | 0.31 | 0.30 |
| Asset Turnover | 0.23 | 0.23 | 0.24 | 0.25 | 0.24 |
| Working Capital Turnover Ratio | -6.46 | -6.17 | -4.97 | -5.29 | -6.75 |
| Cash Conversion Cycle | 41.99 | 35.31 | 35.00 | 32.65 | 17.21 |
| Days of Sales Outstanding | 60.23 | 53.18 | 53.19 | 49.21 | 49.66 |
| Days of Inventory Outstanding | 1.66 | 1.62 | 2.13 | 1.53 | 1.43 |
| Days of Payables Outstanding | 19.91 | 19.49 | 20.31 | 18.10 | 33.88 |
| Operating Cycle | 61.90 | 54.80 | 55.31 | 50.75 | 51.09 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 4.49 | 4.23 | 4.02 | 3.78 | 3.59 |
| Free Cash Flow Per Share | -0.46 | -0.46 | 0.11 | 0.29 | 0.13 |
| Dividend Paid and CapEx Coverage Ratio | 0.72 | 0.71 | 0.79 | 0.82 | 0.80 |
| Capital Expenditure Coverage Ratio | 0.91 | 0.90 | 1.03 | 1.08 | 1.04 |
| Operating Cash Flow Coverage Ratio | 0.14 | 0.14 | 0.15 | 0.15 | 0.15 |
| Operating Cash Flow to Sales Ratio | 0.30 | 0.30 | 0.31 | 0.29 | 0.30 |
| Free Cash Flow Yield | -0.84% | -1.03% | 0.28% | 0.80% | 0.40% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 24.50 | 22.94 | 21.75 | 20.68 | 20.40 |
| Price-to-Sales (P/S) Ratio | 3.62 | 3.13 | 3.01 | 2.79 | 2.72 |
| Price-to-Book (P/B) Ratio | 2.59 | 2.19 | 2.02 | 1.92 | 1.81 |
| Price-to-Free Cash Flow (P/FCF) Ratio | -119.15 | -96.84 | 352.15 | 124.78 | 252.34 |
| Price-to-Operating Cash Flow Ratio | 12.16 | 10.47 | 9.78 | 9.61 | 9.16 |
| Price-to-Earnings Growth (PEG) Ratio | 1.58 | 3.46 | 6.34 | 2.38 | -0.45 |
| Enterprise Value Multiple | 15.25 | 14.23 | 13.76 | 12.95 | 13.41 |
| Enterprise Value | 51.41B | 43.55B | 39.25B | 36.37B | 33.87B |
| EV to EBITDA | 15.25 | 14.23 | 13.76 | 12.95 | 13.41 |
| EV to Sales | 5.69 | 5.13 | 5.00 | 4.68 | 4.69 |
| EV to Free Cash Flow | -186.94 | -158.94 | 585.87 | 209.04 | 434.20 |
| EV to Operating Cash Flow | 19.08 | 17.19 | 16.27 | 16.09 | 15.76 |
| Tangible Book Value Per Share | 19.53 | 18.59 | 17.91 | 17.39 | 16.78 |
| Shareholders’ Equity Per Share | 21.09 | 20.17 | 19.48 | 18.89 | 18.20 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.14 | 0.13 | 0.14 | 0.21 | 0.15 |
| Revenue Per Share | 15.08 | 14.16 | 13.09 | 13.00 | 12.08 |
| Net Income Per Share | 2.23 | 1.93 | 1.81 | 1.75 | 1.61 |
| Tax Burden | 0.85 | 0.86 | 0.85 | 0.78 | 0.84 |
| Interest Burden | 0.69 | 0.67 | 0.69 | 0.73 | 0.72 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | 2.01 | 2.19 | 2.22 | 2.15 | 2.23 |
Currency in CAD
