Algonquin Power & Utilities (AQN) Debt Ratio (2010 - 2026)
Algonquin Power & Utilities' (AQN) quarterly Debt Ratio came in at 0.46 in Q4 2025, up 9.02% YoY from 0.42 in Q4 2024, and little changed on a QoQ basis from 0.46 in Q2 2025.
Algonquin Power & Utilities (AQN) Debt Ratio (2010 - 2026) Analysis & Trends
Algonquin Power & Utilities (AQN) has 16 years of Debt Ratio data on file, last reported at 0.46 in Q4 2025.
- Quarterly Debt Ratio rose 9.02% year-over-year to 0.46 in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 0.46 (up 9.02% YoY) and the FY2025 annual result came in at 0.46, up 9.02% from the prior year.
- Debt Ratio held at 0.46 in Q4 2025, from 0.46 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.8 in Q4 2021 to a low of 0.09 in Q4 2023.
- A 5-year average of 0.44 and a median of 0.43 in 2022 frame the typical range for Debt Ratio.
- Annual changes were most pronounced in 2023 — Debt Ratio sank 79.08% — and 2024, when it soared 375.6%.
- Tracing AQN's Debt Ratio over 5 years: stood at 0.8 in 2021, then slumped by 46.96% to 0.43 in 2022, then slumped by 79.08% to 0.09 in 2023, then soared by 375.6% to 0.42 in 2024, then gained by 9.02% to 0.46 in 2025.
- The last three Debt Ratio figures came in at 0.46 (Q4 2025), 0.46 (Q2 2025), and 0.42 (Q4 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Aes | 10.53 Bn | 8.67 Bn | 692.00 Mn | 0.48 |
| 2 | Brookfield Infrastructure Partners | 7.83 Bn | 4.32 Bn | 1.59 Bn | 0.02 |
| 3 | Algonquin Power & Utilities | 4.39 Bn | 4.33 Bn | 325.50 Mn | 0.51 |
| 4 | Avista | 3.12 Bn | 2.93 Bn | - | 0.38 |
| 5 | Unitil | 954.93 Mn | 945.73 Mn | 93.20 Mn | 0.41 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.51 |
| Dec 31, 2025 | 0.46 |
| Jun 30, 2025 | 0.46 |
| Dec 31, 2024 | 0.42 |
| Jun 30, 2024 | 0.44 |
| Dec 31, 2023 | 0.09 |
| Jun 30, 2023 | 0.45 |
| Dec 31, 2022 | 0.43 |
| Jun 30, 2022 | 0.42 |
| Dec 31, 2021 | 0.80 |
| Jun 30, 2021 | 0.40 |
| Dec 31, 2020 | 0.34 |
| Jun 30, 2020 | 0.37 |
| Mar 31, 2020 | 0.71 |
| Dec 31, 2019 | 0.36 |
| Sep 30, 2019 | 0.72 |
| Jun 30, 2019 | 0.38 |
| Mar 31, 2019 | 0.70 |
| Jun 30, 2018 | 0.26 |
| Mar 31, 2018 | 0.72 |