TransAlta Financial Health
How is TransAlta's financial position?
Financial Health Score
2/6Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: TA's short term assets (CA$3.2B) exceed its short term liabilities (CA$3.0B).
Long Term Liabilities: TA's short term assets (CA$3.2B) do not cover its long term liabilities (CA$4.7B).
Debt to Equity History and Analysis
Debt Level: TA's net debt to equity ratio (129.5%) is considered high.
Reducing Debt: TA's debt to equity ratio has increased from 83% to 163.3% over the past 5 years.
Debt Coverage: TA's debt is not well covered by operating cash flow (14.7%).
Interest Coverage: TA's interest payments on its debt are well covered by EBIT (3.2x coverage).