AltaGas Balance Sheet Health
Financial Health criteria checks 0/6
AltaGas has a total shareholder equity of CA$9.0B and total debt of CA$9.9B, which brings its debt-to-equity ratio to 109.2%. Its total assets and total liabilities are CA$26.1B and CA$17.0B respectively. AltaGas's EBIT is CA$1.2B making its interest coverage ratio 2.7. It has cash and short-term investments of CA$85.0M.
Key information
109.2%
Debt to equity ratio
CA$9.88b
Debt
| Interest coverage ratio | 2.7x |
| Cash | CA$85.00m |
| Equity | CA$9.05b |
| Total liabilities | CA$17.05b |
| Total assets | CA$26.09b |
Recent financial health updates
AltaGas (TSE:ALA) Has A Somewhat Strained Balance Sheet
Sep 29
Is AltaGas (TSE:ALA) A Risky Investment?
May 24Recent updates
Should You Investigate AltaGas Ltd. (TSE:ALA) At CA$38.99?
Mar 30AltaGas (TSE:ALA) Will Pay A Larger Dividend Than Last Year At CA$0.315
Mar 11There's Been No Shortage Of Growth Recently For AltaGas' (TSE:ALA) Returns On Capital
Mar 01AltaGas' (TSE:ALA) Shareholders Will Receive A Bigger Dividend Than Last Year
Feb 10AltaGas Ltd.'s (TSE:ALA) Price In Tune With Earnings
Feb 07AltaGas (TSE:ALA) Will Pay A Larger Dividend Than Last Year At CA$0.315
Jan 02Should You Investigate AltaGas Ltd. (TSE:ALA) At CA$32.57?
Dec 21AltaGas' (TSE:ALA) Dividend Will Be CA$0.2975
Dec 03
Rising LPG Demand And Strategic Utilities Expansion Power Revenue Growth Potential
Nov 28 Capitalizing on Asian LPG demand and long-term contracts could enhance revenue stability and potential growth for AltaGas.AltaGas' (TSE:ALA) Problems Go Beyond Weak Profit
Nov 07Investors Appear Satisfied With AltaGas Ltd.'s (TSE:ALA) Prospects
Nov 05AltaGas (TSE:ALA) Has A Somewhat Strained Balance Sheet
Sep 29Is Now The Time To Look At Buying AltaGas Ltd. (TSE:ALA)?
Sep 10AltaGas (TSE:ALA) Hasn't Managed To Accelerate Its Returns
Aug 23What AltaGas Ltd.'s (TSE:ALA) P/E Is Not Telling You
Jul 26Here's Why AltaGas (TSE:ALA) Has Caught The Eye Of Investors
Jul 11Is AltaGas (TSE:ALA) A Risky Investment?
May 24AltaGas (TSE:ALA) Has Announced A Dividend Of CA$0.2975
May 07Financial Position Analysis
Short Term Liabilities: ALA's short term assets (CA$2.8B) do not cover its short term liabilities (CA$3.5B).
Long Term Liabilities: ALA's short term assets (CA$2.8B) do not cover its long term liabilities (CA$13.5B).
Debt to Equity History and Analysis
Debt Level: ALA's net debt to equity ratio (108.3%) is considered high.
Reducing Debt: ALA's debt to equity ratio has increased from 99.1% to 109.2% over the past 5 years.
Debt Coverage: ALA's debt is not well covered by operating cash flow (15.6%).
Interest Coverage: ALA's interest payments on its debt are not well covered by EBIT (2.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/04/21 20:11 |
| End of Day Share Price | 2025/04/21 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
AltaGas Ltd. is covered by 25 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nathan Heywood | ATB Capital Markets |
| Anthony Linton | Barclays |
| Benjamin Pham | BMO Capital Markets Equity Research |