Niagara Mohawk Power Corp

Niagara Mohawk Power Corp maintains a debt-to-equity ratio of 0.9, indicating a moderate reliance on debt financing, while its current ratio of 0.73 suggests limited short-term liquidity. The company's operating cash flow of $743.6 million supports its capital expenditures of $269.9 million, but its cash and equivalents of $10.8 million are insufficient to cover immediate obligations. The negative net cash position after subtracting total debt highlights a liquidity risk.

The company's return on equity of 3.27% is below the industry median of 6.5%, indicating weaker profitability relative to peers. Operating income of $240.9 million and net income of $129.1 million reflect a net margin of 10.1%, which is below the industry median of 14.2%. These metrics suggest that the company is underperforming in terms of capital efficiency and profit generation.

Niagara Mohawk Power Corp's revenue is concentrated in New York and Ontario, with no disclosed segment breakdown. This geographic concentration exposes the company to regional regulatory and economic risks. The absence of segment-specific data limits visibility into the performance of different business lines.

The company's revenue of $1.29 billion in the latest period is expected to grow by 2.3% in the current fiscal year and 1.8% in the next fiscal year. This growth trajectory is below the industry median of 4.5% and 5.1%, respectively, indicating a slower expansion rate compared to peers. The company's capital expenditures of $269.9 million are expected to remain stable, supporting infrastructure maintenance but not aggressive growth.

The risk assessment indicates a medium liquidity risk and a low dilution risk. The company's key flags include a negative net cash position after subtracting total debt, which could constrain its ability to fund operations without external financing. The dilution risk is low, with no significant dilution sources identified in the latest filings.

Recent events include the company's continued focus on ESG initiatives, with a ESG Score of 70.95 and a Governance pillar score of 89.77. The company has not disclosed any major regulatory or operational changes in the latest filings, but its exposure to regional energy markets remains a key factor in its performance.

Cash conversion ratio of 5.76 ranks as best-in-class compared to the 1.66 cohort median.

Debt-to-equity ratio of 0.9 is lower than the 0.76 median for the electric utilities group.

Net income demonstrated a 10.8% compound annual growth rate over the four-year period ending FY0.

Return on equity of 3.3% falls well below the 6.4% median for the electric utilities cohort.

The company faces a high credit risk flag, indicating significant potential financial distress or default probability.

Revenue contracted 4.9% year-over-year to $4.13 billion, signaling a decline in top-line growth.