TransAlta Renewables Balance Sheet Health

Financial Health criteria checks 2/6

TransAlta Renewables has a total shareholder equity of CA$1.7B and total debt of CA$794.0M, which brings its debt-to-equity ratio to 46.7%. Its total assets and total liabilities are CA$3.1B and CA$1.4B respectively. TransAlta Renewables's EBIT is CA$89.0M making its interest coverage ratio 12.7. It has cash and short-term investments of CA$54.0M.

Key information

46.7%

Debt to equity ratio

CA$794.00m

Debt

Interest coverage ratio12.7x
CashCA$54.00m
EquityCA$1.70b
Total liabilitiesCA$1.43b
Total assetsCA$3.13b

Recent financial health updates

Here's Why TransAlta Renewables (TSE:RNW) Can Manage Its Debt Responsibly

Jul 07
Here's Why TransAlta Renewables (TSE:RNW) Can Manage Its Debt Responsibly

These 4 Measures Indicate That TransAlta Renewables (TSE:RNW) Is Using Debt Reasonably Well

Apr 03
These 4 Measures Indicate That TransAlta Renewables (TSE:RNW) Is Using Debt Reasonably Well

We Think TransAlta Renewables (TSE:RNW) Can Stay On Top Of Its Debt

Dec 16
We Think TransAlta Renewables (TSE:RNW) Can Stay On Top Of Its Debt

Recent updates

Here's Why TransAlta Renewables (TSE:RNW) Can Manage Its Debt Responsibly

Jul 07
Here's Why TransAlta Renewables (TSE:RNW) Can Manage Its Debt Responsibly

Is TransAlta Renewables Inc. (TSE:RNW) Trading At A 46% Discount?

Jun 03
Is TransAlta Renewables Inc. (TSE:RNW) Trading At A 46% Discount?

These 4 Measures Indicate That TransAlta Renewables (TSE:RNW) Is Using Debt Reasonably Well

Apr 03
These 4 Measures Indicate That TransAlta Renewables (TSE:RNW) Is Using Debt Reasonably Well

Investors Met With Slowing Returns on Capital At TransAlta Renewables (TSE:RNW)

Mar 17
Investors Met With Slowing Returns on Capital At TransAlta Renewables (TSE:RNW)

Need To Know: The Consensus Just Cut Its TransAlta Renewables Inc. (TSE:RNW) Estimates For 2023

Feb 24
Need To Know: The Consensus Just Cut Its TransAlta Renewables Inc. (TSE:RNW) Estimates For 2023

We Think TransAlta Renewables (TSE:RNW) Can Stay On Top Of Its Debt

Dec 16
We Think TransAlta Renewables (TSE:RNW) Can Stay On Top Of Its Debt

TransAlta Renewables' (TSE:RNW) Returns Have Hit A Wall

Oct 22
TransAlta Renewables' (TSE:RNW) Returns Have Hit A Wall

TransAlta Renewables (TSE:RNW) Has A Pretty Healthy Balance Sheet

Sep 15
TransAlta Renewables (TSE:RNW) Has A Pretty Healthy Balance Sheet

Here's What To Make Of TransAlta Renewables' (TSE:RNW) Decelerating Rates Of Return

Jul 19
Here's What To Make Of TransAlta Renewables' (TSE:RNW) Decelerating Rates Of Return

Is TransAlta Renewables (TSE:RNW) A Risky Investment?

Jun 09
Is TransAlta Renewables (TSE:RNW) A Risky Investment?

The Returns At TransAlta Renewables (TSE:RNW) Aren't Growing

Apr 13
The Returns At TransAlta Renewables (TSE:RNW) Aren't Growing

TransAlta Renewables (TSE:RNW) Has A Pretty Healthy Balance Sheet

Mar 07
TransAlta Renewables (TSE:RNW) Has A Pretty Healthy Balance Sheet

Returns Are Gaining Momentum At TransAlta Renewables (TSE:RNW)

Jan 06
Returns Are Gaining Momentum At TransAlta Renewables (TSE:RNW)

TransAlta Renewables Inc. (TSE:RNW) Shares Could Be 46% Below Their Intrinsic Value Estimate

Dec 21
TransAlta Renewables Inc. (TSE:RNW) Shares Could Be 46% Below Their Intrinsic Value Estimate

Is TransAlta Renewables (TSE:RNW) Using Too Much Debt?

Nov 24
Is TransAlta Renewables (TSE:RNW) Using Too Much Debt?

TransAlta Renewables (TSE:RNW) Is Experiencing Growth In Returns On Capital

Sep 28
TransAlta Renewables (TSE:RNW) Is Experiencing Growth In Returns On Capital

TransAlta Renewables Inc. (TSE:RNW) Shares Could Be 37% Below Their Intrinsic Value Estimate

Sep 15
TransAlta Renewables Inc. (TSE:RNW) Shares Could Be 37% Below Their Intrinsic Value Estimate

Does TransAlta Renewables (TSE:RNW) Have A Healthy Balance Sheet?

Aug 15
Does TransAlta Renewables (TSE:RNW) Have A Healthy Balance Sheet?

TransAlta Renewables (TSE:RNW) Might Have The Makings Of A Multi-Bagger

Jun 23
TransAlta Renewables (TSE:RNW) Might Have The Makings Of A Multi-Bagger

Financial Position Analysis

Short Term Liabilities: RNW's short term assets (CA$210.0M) do not cover its short term liabilities (CA$241.0M).

Long Term Liabilities: RNW's short term assets (CA$210.0M) do not cover its long term liabilities (CA$1.2B).


Debt to Equity History and Analysis

Debt Level: RNW's net debt to equity ratio (43.5%) is considered high.

Reducing Debt: RNW's debt to equity ratio has increased from 43.2% to 46.7% over the past 5 years.

Debt Coverage: RNW's debt is well covered by operating cash flow (29.5%).

Interest Coverage: RNW's interest payments on its debt are well covered by EBIT (12.7x coverage).


Balance Sheet


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/10/08 22:39
End of Day Share Price 2023/10/06 00:00
Earnings2023/06/30
Annual Earnings2022/12/31

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Company Financials10 years
  • Income statement
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Analyst Consensus Estimates+3 years
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Ownership10 years
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  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

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Analyst Sources

TransAlta Renewables Inc. is covered by 18 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nathan HeywoodATB Capital Markets
Dariusz LoznyBofA Global Research
David GalisonCanaccord Genuity