TransAlta Balance Sheet Health
Financial Health criteria checks 2/6
TransAlta has a total shareholder equity of CA$1.7B and total debt of CA$4.1B, which brings its debt-to-equity ratio to 244.6%. Its total assets and total liabilities are CA$8.7B and CA$7.0B respectively. TransAlta's EBIT is CA$1.1B making its interest coverage ratio 5.1. It has cash and short-term investments of CA$348.0M.
Key information
244.6%
Debt to equity ratio
CA$4.07b
Debt
Interest coverage ratio | 5.1x |
Cash | CA$348.00m |
Equity | CA$1.66b |
Total liabilities | CA$7.00b |
Total assets | CA$8.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TA.PRJ's short term assets (CA$1.6B) do not cover its short term liabilities (CA$1.7B).
Long Term Liabilities: TA.PRJ's short term assets (CA$1.6B) do not cover its long term liabilities (CA$5.3B).
Debt to Equity History and Analysis
Debt Level: TA.PRJ's net debt to equity ratio (223.7%) is considered high.
Reducing Debt: TA.PRJ's debt to equity ratio has increased from 77.5% to 244.6% over the past 5 years.
Debt Coverage: TA.PRJ's debt is well covered by operating cash flow (36%).
Interest Coverage: TA.PRJ's interest payments on its debt are well covered by EBIT (5.1x coverage).