ATCO Balance Sheet Health
Financial Health criteria checks 2/6
ATCO has a total shareholder equity of CA$8.6B and total debt of CA$11.0B, which brings its debt-to-equity ratio to 126.9%. Its total assets and total liabilities are CA$25.3B and CA$16.7B respectively. ATCO's EBIT is CA$1.2B making its interest coverage ratio 2.8. It has cash and short-term investments of CA$450.0M.
Key information
126.9%
Debt to equity ratio
CA$10.96b
Debt
Interest coverage ratio | 2.8x |
Cash | CA$450.00m |
Equity | CA$8.63b |
Total liabilities | CA$16.72b |
Total assets | CA$25.35b |
Recent financial health updates
ATCO (TSE:ACO.X) Seems To Be Using A Lot Of Debt
Apr 16Does ATCO (TSE:ACO.X) Have A Healthy Balance Sheet?
Oct 23Here's Why ATCO (TSE:ACO.X) Has A Meaningful Debt Burden
Jul 17ATCO (TSE:ACO.X) Takes On Some Risk With Its Use Of Debt
Oct 26Does ATCO (TSE:ACO.X) Have A Healthy Balance Sheet?
Jul 22Here's Why ATCO (TSE:ACO.X) Is Weighed Down By Its Debt Load
Apr 21Recent updates
ATCO (TSE:ACO.X) Seems To Be Using A Lot Of Debt
Apr 16ATCO Ltd.'s (TSE:ACO.X) Intrinsic Value Is Potentially 44% Above Its Share Price
Mar 15ATCO (TSE:ACO.X) Is Increasing Its Dividend To CA$0.4898
Feb 09ATCO (TSE:ACO.X) Will Pay A Larger Dividend Than Last Year At CA$0.4898
Jan 19Here's Why We Think ATCO (TSE:ACO.X) Might Deserve Your Attention Today
Jan 02Return Trends At ATCO (TSE:ACO.X) Aren't Appealing
Dec 01Does ATCO (TSE:ACO.X) Have A Healthy Balance Sheet?
Oct 23Here's What To Make Of ATCO's (TSE:ACO.X) Decelerating Rates Of Return
Aug 29Here's Why ATCO (TSE:ACO.X) Has A Meaningful Debt Burden
Jul 17A Look At The Intrinsic Value Of ATCO Ltd. (TSE:ACO.X)
Jun 10ATCO (TSE:ACO.X) Is Increasing Its Dividend To CA$0.4756
May 07ATCO (TSE:ACO.X) Has Announced That It Will Be Increasing Its Dividend To CA$0.4756
Apr 18Returns On Capital At ATCO (TSE:ACO.X) Have Stalled
Mar 30ATCO (TSE:ACO.X) Is Increasing Its Dividend To CA$0.4756
Feb 07ATCO (TSE:ACO.X) Has Announced That It Will Be Increasing Its Dividend To CA$0.4756
Jan 20Are Investors Undervaluing ATCO Ltd. (TSE:ACO.X) By 24%?
Nov 10ATCO (TSE:ACO.X) Takes On Some Risk With Its Use Of Debt
Oct 26Here's What To Make Of ATCO's (TSE:ACO.X) Decelerating Rates Of Return
Sep 29An Intrinsic Calculation For ATCO Ltd. (TSE:ACO.X) Suggests It's 43% Undervalued
Aug 06Does ATCO (TSE:ACO.X) Have A Healthy Balance Sheet?
Jul 22ATCO (TSE:ACO.X) May Have Issues Allocating Its Capital
Jun 30Here's Why ATCO (TSE:ACO.X) Is Weighed Down By Its Debt Load
Apr 21These Return Metrics Don't Make ATCO (TSE:ACO.X) Look Too Strong
Mar 30ATCO's (TSE:ACO.X) Upcoming Dividend Will Be Larger Than Last Year's
Feb 04ATCO (TSE:ACO.X) Has Announced That It Will Be Increasing Its Dividend To CA$0.46
Jan 21Does ATCO (TSE:ACO.X) Have A Healthy Balance Sheet?
Oct 28ATCO Ltd.'s (TSE:ACO.X) Intrinsic Value Is Potentially 32% Above Its Share Price
Jul 28Financial Position Analysis
Short Term Liabilities: ACO.X's short term assets (CA$1.7B) exceed its short term liabilities (CA$1.4B).
Long Term Liabilities: ACO.X's short term assets (CA$1.7B) do not cover its long term liabilities (CA$15.3B).
Debt to Equity History and Analysis
Debt Level: ACO.X's net debt to equity ratio (121.7%) is considered high.
Reducing Debt: ACO.X's debt to equity ratio has reduced from 147.7% to 126.9% over the past 5 years.
Debt Coverage: ACO.X's debt is not well covered by operating cash flow (17.9%).
Interest Coverage: ACO.X's interest payments on its debt are not well covered by EBIT (2.8x coverage).