TransAlta Balance Sheet Health
Financial Health criteria checks 1/6
TransAlta has a total shareholder equity of CA$1.9B and total debt of CA$4.0B, which brings its debt-to-equity ratio to 209.4%. Its total assets and total liabilities are CA$8.7B and CA$6.7B respectively. TransAlta's EBIT is CA$611.0M making its interest coverage ratio 2.6. It has cash and short-term investments of CA$401.0M.
Key information
209.4%
Debt to equity ratio
CA$4.02b
Debt
| Interest coverage ratio | 2.6x |
| Cash | CA$401.00m |
| Equity | CA$1.92b |
| Total liabilities | CA$6.73b |
| Total assets | CA$8.65b |
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 08Recent updates
TransAlta Corporation's (TSE:TA) Shares Climb 31% But Its Business Is Yet to Catch Up
Dec 07What Does TransAlta Corporation's (TSE:TA) Share Price Indicate?
Oct 31If EPS Growth Is Important To You, TransAlta (TSE:TA) Presents An Opportunity
Oct 12Little Excitement Around TransAlta Corporation's (TSE:TA) Earnings
Sep 26Is TransAlta Corporation (TSE:TA) Potentially Undervalued?
Jul 30Little Excitement Around TransAlta Corporation's (TSE:TA) Earnings
Jun 06Is 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 28Financial Position Analysis
Short Term Liabilities: TA's short term assets (CA$1.7B) do not cover its short term liabilities (CA$2.3B).
Long Term Liabilities: TA's short term assets (CA$1.7B) do not cover its long term liabilities (CA$4.5B).
Debt to Equity History and Analysis
Debt Level: TA's net debt to equity ratio (188.5%) is considered high.
Reducing Debt: TA's debt to equity ratio has increased from 81.1% to 209.4% over the past 5 years.
Debt Coverage: TA's debt is well covered by operating cash flow (22.2%).
Interest Coverage: TA's interest payments on its debt are not well covered by EBIT (2.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/19 10:43 |
| End of Day Share Price | 2025/01/17 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
TransAlta Corporation is covered by 22 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nathan Heywood | ATB Capital Markets |
| Benjamin Pham | BMO Capital Markets Equity Research |
| Julien Dumoulin-Smith | BofA Global Research |