ATS Balance Sheet Health
Financial Health criteria checks 3/6
ATS has a total shareholder equity of CA$1.7B and total debt of CA$1.6B, which brings its debt-to-equity ratio to 97.1%. Its total assets and total liabilities are CA$4.4B and CA$2.7B respectively. ATS's EBIT is CA$295.1M making its interest coverage ratio 3.7. It has cash and short-term investments of CA$247.7M.
Key information
97.1%
Debt to equity ratio
CA$1.64b
Debt
| Interest coverage ratio | 3.7x |
| Cash | CA$247.71m |
| Equity | CA$1.69b |
| Total liabilities | CA$2.74b |
| Total assets | CA$4.43b |
Recent financial health updates
These 4 Measures Indicate That ATS (TSE:ATS) Is Using Debt Reasonably Well
Jun 05
ATS (TSE:ATS) Has A Pretty Healthy Balance Sheet
Jan 03ATS (TSE:ATS) Has A Pretty Healthy Balance Sheet
Sep 12Here's Why ATS (TSE:ATS) Can Manage Its Debt Responsibly
Mar 27These 4 Measures Indicate That ATS (TSE:ATS) Is Using Debt Reasonably Well
Dec 21These 4 Measures Indicate That ATS Automation Tooling Systems (TSE:ATA) Is Using Debt Reasonably Well
Aug 04Recent updates
Investors Can Find Comfort In ATS' (TSE:ATS) Earnings Quality
Nov 14An Intrinsic Calculation For ATS Corporation (TSE:ATS) Suggests It's 25% Undervalued
Nov 09With EPS Growth And More, ATS (TSE:ATS) Makes An Interesting Case
Oct 22ATS Corporation's (TSE:ATS) Shareholders Might Be Looking For Exit
Sep 13Is There Now An Opportunity In ATS Corporation (TSE:ATS)?
Aug 26Estimating The Intrinsic Value Of ATS Corporation (TSE:ATS)
Jul 02Here's Why We Think ATS (TSE:ATS) Might Deserve Your Attention Today
Jun 18These 4 Measures Indicate That ATS (TSE:ATS) Is Using Debt Reasonably Well
Jun 05Is Now The Time To Look At Buying ATS Corporation (TSE:ATS)?
May 12Here's Why We Think ATS (TSE:ATS) Is Well Worth Watching
Mar 13Calculating The Fair Value Of ATS Corporation (TSE:ATS)
Feb 29ATS' (TSE:ATS) Earnings Are Of Questionable Quality
Feb 14ATS Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Feb 10Investors Appear Satisfied With ATS Corporation's (TSE:ATS) Prospects
Feb 05ATS (TSE:ATS) Has A Pretty Healthy Balance Sheet
Jan 03What Does ATS Corporation's (TSE:ATS) Share Price Indicate?
Dec 17If EPS Growth Is Important To You, ATS (TSE:ATS) Presents An Opportunity
Dec 02ATS (TSE:ATS) Has A Pretty Healthy Balance Sheet
Sep 12Why ATS Corporation (TSE:ATS) Could Be Worth Watching
Aug 22Should You Be Adding ATS (TSE:ATS) To Your Watchlist Today?
May 24At CA$57.34, Is ATS Corporation (TSE:ATS) Worth Looking At Closely?
May 10Here's Why ATS (TSE:ATS) Can Manage Its Debt Responsibly
Mar 27We Ran A Stock Scan For Earnings Growth And ATS (TSE:ATS) Passed With Ease
Feb 13What Is ATS Corporation's (TSE:ATS) Share Price Doing?
Jan 31These 4 Measures Indicate That ATS (TSE:ATS) Is Using Debt Reasonably Well
Dec 21With EPS Growth And More, ATS Automation Tooling Systems (TSE:ATA) Makes An Interesting Case
Nov 12Should You Think About Buying ATS Automation Tooling Systems Inc. (TSE:ATA) Now?
Oct 29Is ATS Automation Tooling Systems Inc. (TSE:ATA) Trading At A 45% Discount?
Oct 14These 4 Measures Indicate That ATS Automation Tooling Systems (TSE:ATA) Is Using Debt Reasonably Well
Aug 04With EPS Growth And More, ATS Automation Tooling Systems (TSE:ATA) Makes An Interesting Case
Jul 21ATS Automation Tooling Systems Inc.'s (TSE:ATA) Intrinsic Value Is Potentially 96% Above Its Share Price
Jul 08Should You Investigate ATS Automation Tooling Systems Inc. (TSE:ATA) At CA$36.87?
Jun 09Financial Position Analysis
Short Term Liabilities: ATS's short term assets (CA$1.9B) exceed its short term liabilities (CA$907.1M).
Long Term Liabilities: ATS's short term assets (CA$1.9B) exceed its long term liabilities (CA$1.8B).
Debt to Equity History and Analysis
Debt Level: ATS's net debt to equity ratio (82.4%) is considered high.
Reducing Debt: ATS's debt to equity ratio has increased from 40.3% to 97.1% over the past 5 years.
Debt Coverage: ATS's debt is not well covered by operating cash flow (2.4%).
Interest Coverage: ATS's interest payments on its debt are well covered by EBIT (3.7x coverage).