ATCO Balance Sheet Health
Financial Health criteria checks 2/6
ATCO has a total shareholder equity of CA$8.5B and total debt of CA$11.0B, which brings its debt-to-equity ratio to 130%. Its total assets and total liabilities are CA$25.4B and CA$16.9B respectively. ATCO's EBIT is CA$1.2B making its interest coverage ratio 2.9. It has cash and short-term investments of CA$614.0M.
Key information
130.0%
Debt to equity ratio
CA$11.05b
Debt
Interest coverage ratio | 2.9x |
Cash | CA$614.00m |
Equity | CA$8.50b |
Total liabilities | CA$16.86b |
Total assets | CA$25.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ACO.Y's short term assets (CA$1.8B) exceed its short term liabilities (CA$1.6B).
Long Term Liabilities: ACO.Y's short term assets (CA$1.8B) do not cover its long term liabilities (CA$15.2B).
Debt to Equity History and Analysis
Debt Level: ACO.Y's net debt to equity ratio (122.8%) is considered high.
Reducing Debt: ACO.Y's debt to equity ratio has reduced from 147.5% to 130% over the past 5 years.
Debt Coverage: ACO.Y's debt is not well covered by operating cash flow (17.8%).
Interest Coverage: ACO.Y's interest payments on its debt are not well covered by EBIT (2.9x coverage).