AltaGas Balance Sheet Health
Financial Health criteria checks 2/6
AltaGas has a total shareholder equity of CA$8.4B and total debt of CA$9.3B, which brings its debt-to-equity ratio to 110.4%. Its total assets and total liabilities are CA$23.9B and CA$15.5B respectively. AltaGas's EBIT is CA$1.2B making its interest coverage ratio 3. It has cash and short-term investments of CA$101.0M.
Key information
110.4%
Debt to equity ratio
CA$9.31b
Debt
Interest coverage ratio | 3x |
Cash | CA$101.00m |
Equity | CA$8.43b |
Total liabilities | CA$15.47b |
Total assets | CA$23.90b |
Recent financial health updates
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 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
Is 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 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$2.8B) exceed its short term liabilities (CA$2.8B).
Long Term Liabilities: ALA's short term assets (CA$2.8B) do not cover its long term liabilities (CA$12.7B).
Debt to Equity History and Analysis
Debt Level: ALA's net debt to equity ratio (109.2%) is considered high.
Reducing Debt: ALA's debt to equity ratio has increased from 108.8% to 110.4% over the past 5 years.
Debt Coverage: ALA's debt is not well covered by operating cash flow (11.7%).
Interest Coverage: ALA's interest payments on its debt are well covered by EBIT (3x coverage).