Atmos Energy Balance Sheet Health
Financial Health criteria checks 4/6
Atmos Energy has a total shareholder equity of $11.3B and total debt of $7.5B, which brings its debt-to-equity ratio to 66.4%. Its total assets and total liabilities are $23.7B and $12.4B respectively. Atmos Energy's EBIT is $1.2B making its interest coverage ratio 8. It has cash and short-term investments of $511.3M.
Key information
66.4%
Debt to equity ratio
US$7.49b
Debt
Interest coverage ratio | 8x |
Cash | US$511.29m |
Equity | US$11.27b |
Total liabilities | US$12.41b |
Total assets | US$23.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AEO's short term assets ($1.7B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: AEO's short term assets ($1.7B) do not cover its long term liabilities ($11.2B).
Debt to Equity History and Analysis
Debt Level: AEO's net debt to equity ratio (61.9%) is considered high.
Reducing Debt: AEO's debt to equity ratio has reduced from 70% to 66.4% over the past 5 years.
Debt Coverage: AEO's debt is well covered by operating cash flow (46.9%).
Interest Coverage: AEO's interest payments on its debt are well covered by EBIT (8x coverage).