TransAlta Balance Sheet Health
Financial Health criteria checks 2/6
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 212.3%. Its total assets and total liabilities are CA$8.5B and CA$6.6B respectively. TransAlta's EBIT is CA$1.0B making its interest coverage ratio 4.4. It has cash and short-term investments of CA$351.0M.
Key information
212.3%
Debt to equity ratio
CA$4.05b
Debt
| Interest coverage ratio | 4.4x |
| Cash | CA$351.00m |
| Equity | CA$1.91b |
| Total liabilities | CA$6.64b |
| Total assets | CA$8.55b |
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
Little 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 28Does TransAlta (TSE:TA) Have A Healthy Balance Sheet?
Aug 08Does TransAlta (TSE:TA) Have A Healthy Balance Sheet?
May 03Financial Position Analysis
Short Term Liabilities: TA's short term assets (CA$1.5B) do not cover its short term liabilities (CA$1.8B).
Long Term Liabilities: TA's short term assets (CA$1.5B) do not cover its long term liabilities (CA$4.8B).
Debt to Equity History and Analysis
Debt Level: TA's net debt to equity ratio (193.9%) is considered high.
Reducing Debt: TA's debt to equity ratio has increased from 83.4% to 212.3% over the past 5 years.
Debt Coverage: TA's debt is well covered by operating cash flow (33.2%).
Interest Coverage: TA's interest payments on its debt are well covered by EBIT (4.4x coverage).