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
AltaGas (TSE:ALA) Seems To Be Using A Lot Of Debt
Sep 13
These 4 Measures Indicate That AltaGas (TSE:ALA) Is Using Debt In A Risky Way
Jun 14These 4 Measures Indicate That AltaGas (TSE:ALA) Is Using Debt In A Risky Way
Mar 02AltaGas (TSE:ALA) Seems To Be Using A Lot Of Debt
Oct 08AltaGas (TSE:ALA) Use Of Debt Could Be Considered Risky
Jul 09Recent updates
AltaGas 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 09What Does AltaGas Ltd.'s (TSE:ALA) Share Price Indicate?
Apr 14These 4 Measures Indicate That AltaGas (TSE:ALA) Is Using Debt In A Risky Way
Mar 02AltaGas (TSE:ALA) Is Increasing Its Dividend To CA$0.28
Feb 09Should You Think About Buying AltaGas Ltd. (TSE:ALA) Now?
Jan 10Growth Investors: Industry Analysts Just Upgraded Their AltaGas Ltd. (TSE:ALA) Revenue Forecasts By 11%
Dec 15Industry Analysts Just Made A Substantial Upgrade To Their AltaGas Ltd. (TSE:ALA) Revenue Forecasts
Oct 31AltaGas (TSE:ALA) Seems To Be Using A Lot Of Debt
Oct 08Is There Now An Opportunity In AltaGas Ltd. (TSE:ALA)?
Aug 25AltaGas (TSE:ALA) Use Of Debt Could Be Considered Risky
Jul 09Financial Position Analysis
Short Term Liabilities: ALA's short term assets (CA$3.0B) do not cover its short term liabilities (CA$3.4B).
Long Term Liabilities: ALA'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's net debt to equity ratio (118.3%) is considered high.
Reducing Debt: ALA's debt to equity ratio has reduced from 133.1% to 119.5% over the past 5 years.
Debt Coverage: ALA's debt is not well covered by operating cash flow (11.9%).
Interest Coverage: ALA's interest payments on its debt are not well covered by EBIT (2.4x coverage).