AltaGas Balance Sheet Health
Financial Health criteria checks 2/6
AltaGas has a total shareholder equity of CA$7.8B and total debt of CA$9.3B, which brings its debt-to-equity ratio to 119.4%. Its total assets and total liabilities are CA$23.5B and CA$15.8B respectively. AltaGas's EBIT is CA$977.0M making its interest coverage ratio 3.4. It has cash and short-term investments of CA$132.0M.
Key information
119.4%
Debt to equity ratio
CA$9.26b
Debt
Interest coverage ratio | 3.4x |
Cash | CA$132.00m |
Equity | CA$7.75b |
Total liabilities | CA$15.75b |
Total assets | CA$23.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ALA.PRU's short term assets (CA$4.1B) exceed its short term liabilities (CA$3.8B).
Long Term Liabilities: ALA.PRU's short term assets (CA$4.1B) do not cover its long term liabilities (CA$12.0B).
Debt to Equity History and Analysis
Debt Level: ALA.PRU's net debt to equity ratio (117.7%) is considered high.
Reducing Debt: ALA.PRU's debt to equity ratio has increased from 78.2% to 119.4% over the past 5 years.
Debt Coverage: ALA.PRU's debt is not well covered by operating cash flow (7.2%).
Interest Coverage: ALA.PRU's interest payments on its debt are well covered by EBIT (3.4x coverage).