AltaGas Balance Sheet Health
Financial Health criteria checks 1/6
AltaGas has a total shareholder equity of CA$8.3B and total debt of CA$10.3B, which brings its debt-to-equity ratio to 124.5%. Its total assets and total liabilities are CA$24.7B and CA$16.5B respectively. AltaGas's EBIT is CA$1.1B making its interest coverage ratio 2.6. It has cash and short-term investments of CA$772.0M.
Key information
124.5%
Debt to equity ratio
CA$10.29b
Debt
| Interest coverage ratio | 2.6x |
| Cash | CA$772.00m |
| Equity | CA$8.26b |
| Total liabilities | CA$16.49b |
| Total assets | CA$24.75b |
Recent financial health updates
AltaGas (TSE:ALA) Has A Somewhat Strained Balance Sheet
Sep 29
Is AltaGas (TSE:ALA) A Risky Investment?
May 24AltaGas (TSE:ALA) Seems To Be Using A Lot Of Debt
Sep 13These 4 Measures Indicate That AltaGas (TSE:ALA) Is Using Debt In A Risky Way
Jun 14Recent updates
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 07AltaGas Ltd.'s (TSE:ALA) Shareholders Might Be Looking For Exit
Apr 19Is It Too Late To Consider Buying AltaGas Ltd. (TSE:ALA)?
Mar 29AltaGas (TSE:ALA) Strong Profits May Be Masking Some Underlying Issues
Mar 14AltaGas' (TSE:ALA) Shareholders Will Receive A Bigger Dividend Than Last Year
Mar 08Is Now The Time To Put AltaGas (TSE:ALA) On Your Watchlist?
Feb 28AltaGas' (TSE:ALA) Dividend Will Be Increased To CA$0.2975
Feb 09AltaGas' (TSE:ALA) Upcoming Dividend Will Be Larger Than Last Year's
Jan 23Investors Still Waiting For A Pull Back In AltaGas Ltd. (TSE:ALA)
Jan 17AltaGas' (TSE:ALA) Dividend Will Be Increased To CA$0.2975
Dec 27AltaGas (TSE:ALA) Will Pay A Dividend Of CA$0.28
Dec 13Need To Know: Analysts Are Much More Bullish On AltaGas Ltd. (TSE:ALA) Revenues
Dec 07Here's Why We Think AltaGas (TSE:ALA) Might Deserve Your Attention Today
Nov 27Is AltaGas Ltd. (TSE:ALA) Potentially Undervalued?
Nov 09AltaGas (TSE:ALA) Seems To Be Using A Lot Of Debt
Sep 13Should You Be Adding AltaGas (TSE:ALA) To Your Watchlist Today?
Aug 23The AltaGas Ltd. (TSE:ALA) Analysts Have Been Trimming Their Sales Forecasts
Aug 01Is It Too Late To Consider Buying AltaGas Ltd. (TSE:ALA)?
Jul 20These 4 Measures Indicate That AltaGas (TSE:ALA) Is Using Debt In A Risky Way
Jun 14Is AltaGas Ltd. (TSE:ALA) Trading At A 46% Discount?
May 27AltaGas (TSE:ALA) Has Announced That It Will Be Increasing Its Dividend To CA$0.28
May 09Financial Position Analysis
Short Term Liabilities: ALA's short term assets (CA$3.1B) exceed its short term liabilities (CA$3.0B).
Long Term Liabilities: ALA's short term assets (CA$3.1B) 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 (115.2%) is considered high.
Reducing Debt: ALA's debt to equity ratio has increased from 100.6% to 124.5% over the past 5 years.
Debt Coverage: ALA's debt is not well covered by operating cash flow (11.5%).
Interest Coverage: ALA's interest payments on its debt are not well covered by EBIT (2.6x coverage).