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
TransAlta (TSE:TA) Takes On Some Risk With Its Use Of Debt
Jan 11
These 4 Measures Indicate That TransAlta (TSE:TA) Is Using Debt Extensively
Oct 05We Think TransAlta (TSE:TA) Is Taking Some Risk With Its Debt
Jun 24Here's Why TransAlta (TSE:TA) Has A Meaningful Debt Burden
Feb 08Does TransAlta (TSE:TA) Have A Healthy Balance Sheet?
Aug 08Does TransAlta (TSE:TA) Have A Healthy Balance Sheet?
May 03Recent updates
Is It Time To Consider Buying TransAlta Corporation (TSE:TA)?
Apr 12TransAlta (TSE:TA) Takes On Some Risk With Its Use Of Debt
Jan 11TransAlta Corporation's (TSE:TA) Low P/S No Reason For Excitement
Dec 27These 4 Measures Indicate That TransAlta (TSE:TA) Is Using Debt Extensively
Oct 05Is Now The Time To Look At Buying TransAlta Corporation (TSE:TA)?
Sep 15We Think TransAlta (TSE:TA) Is Taking Some Risk With Its Debt
Jun 24What Does TransAlta Corporation's (TSE:TA) Share Price Indicate?
Jun 05Revenue Downgrade: Here's What Analysts Forecast For TransAlta Corporation (TSE:TA)
May 06Here's Why TransAlta (TSE:TA) Has A Meaningful Debt Burden
Feb 08Why TransAlta Corporation (TSE:TA) Could Be Worth Watching
Dec 28Does TransAlta (TSE:TA) Have A Healthy Balance Sheet?
Aug 08Does TransAlta (TSE:TA) Have A Healthy Balance Sheet?
May 03Is TransAlta (TSE:TA) Using Too Much Debt?
Jan 11TransAlta (TSE:TA) Has A Somewhat Strained Balance Sheet
Sep 26Does TransAlta (TSE:TA) Have A Healthy Balance Sheet?
Jun 07Financial Position Analysis
Short Term Liabilities: TA's short term assets (CA$1.6B) do not cover its short term liabilities (CA$1.7B).
Long Term Liabilities: TA'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's net debt to equity ratio (223.7%) is considered high.
Reducing Debt: TA's debt to equity ratio has increased from 77.5% to 244.6% over the past 5 years.
Debt Coverage: TA's debt is well covered by operating cash flow (36%).
Interest Coverage: TA's interest payments on its debt are well covered by EBIT (5.1x coverage).