AltaGas Balance Sheet Health
Financial Health criteria checks 1/6
AltaGas has a total shareholder equity of CA$7.9B and total debt of CA$9.4B, which brings its debt-to-equity ratio to 119.5%. Its total assets and total liabilities are CA$23.5B and CA$15.6B respectively. AltaGas's EBIT is CA$933.0M making its interest coverage ratio 2.4. It has cash and short-term investments of CA$95.0M.
Key information
119.5%
Debt to equity ratio
CA$9.40b
Debt
Interest coverage ratio | 2.4x |
Cash | CA$95.00m |
Equity | CA$7.86b |
Total liabilities | CA$15.61b |
Total assets | CA$23.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ALA.PRG's short term assets (CA$3.0B) do not cover its short term liabilities (CA$3.4B).
Long Term Liabilities: ALA.PRG's short term assets (CA$3.0B) do not cover its long term liabilities (CA$12.2B).
Debt to Equity History and Analysis
Debt Level: ALA.PRG's net debt to equity ratio (118.3%) is considered high.
Reducing Debt: ALA.PRG's debt to equity ratio has reduced from 133.1% to 119.5% over the past 5 years.
Debt Coverage: ALA.PRG's debt is not well covered by operating cash flow (11.9%).
Interest Coverage: ALA.PRG's interest payments on its debt are not well covered by EBIT (2.4x coverage).