Altus Power Balance Sheet Health
Financial Health criteria checks 0/6
Altus Power has a total shareholder equity of $563.2M and total debt of $1.3B, which brings its debt-to-equity ratio to 222.6%. Its total assets and total liabilities are $2.1B and $1.6B respectively. Altus Power's EBIT is $24.5M making its interest coverage ratio 0.4. It has cash and short-term investments of $78.4M.
Key information
222.6%
Debt to equity ratio
US$1.25b
Debt
| Interest coverage ratio | 0.4x |
| Cash | US$78.38m |
| Equity | US$563.25m |
| Total liabilities | US$1.57b |
| Total assets | US$2.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8770's short term assets ($119.9M) do not cover its short term liabilities ($131.9M).
Long Term Liabilities: 8770's short term assets ($119.9M) do not cover its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: 8770's net debt to equity ratio (208.7%) is considered high.
Reducing Debt: Insufficient data to determine if 8770's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 8770's debt is not well covered by operating cash flow (4.2%).
Interest Coverage: 8770's interest payments on its debt are not well covered by EBIT (0.4x coverage).