AltaGas Balance Sheet Health
Financial Health criteria checks 2/6
AltaGas has a total shareholder equity of CA$8.4B and total debt of CA$9.3B, which brings its debt-to-equity ratio to 110.4%. Its total assets and total liabilities are CA$23.9B and CA$15.5B respectively. AltaGas's EBIT is CA$1.2B making its interest coverage ratio 3. It has cash and short-term investments of CA$101.0M.
Key information
110.4%
Debt to equity ratio
CA$9.31b
Debt
Interest coverage ratio | 3x |
Cash | CA$101.00m |
Equity | CA$8.43b |
Total liabilities | CA$15.47b |
Total assets | CA$23.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ALA.PRB's short term assets (CA$2.8B) exceed its short term liabilities (CA$2.8B).
Long Term Liabilities: ALA.PRB's short term assets (CA$2.8B) do not cover its long term liabilities (CA$12.7B).
Debt to Equity History and Analysis
Debt Level: ALA.PRB's net debt to equity ratio (109.2%) is considered high.
Reducing Debt: ALA.PRB's debt to equity ratio has increased from 108.8% to 110.4% over the past 5 years.
Debt Coverage: ALA.PRB's debt is not well covered by operating cash flow (11.7%).
Interest Coverage: ALA.PRB's interest payments on its debt are well covered by EBIT (3x coverage).