Atlantica Sustainable Infrastructure Balance Sheet Health
Financial Health criteria checks 2/6
Atlantica Sustainable Infrastructure has a total shareholder equity of $1.5B and total debt of $5.5B, which brings its debt-to-equity ratio to 357.2%. Its total assets and total liabilities are $8.7B and $7.2B respectively. Atlantica Sustainable Infrastructure's EBIT is $250.5M making its interest coverage ratio 0.8. It has cash and short-term investments of $452.1M.
Key information
357.2%
Debt to equity ratio
US$5.50b
Debt
| Interest coverage ratio | 0.8x |
| Cash | US$452.13m |
| Equity | US$1.54b |
| Total liabilities | US$7.17b |
| Total assets | US$8.71b |
Recent financial health updates
Atlantica Sustainable Infrastructure (NASDAQ:AY) Takes On Some Risk With Its Use Of Debt
Apr 10
Does Atlantica Sustainable Infrastructure (NASDAQ:AY) Have A Healthy Balance Sheet?
Jan 04Is Atlantica Sustainable Infrastructure (NASDAQ:AY) Using Too Much Debt?
Sep 25Atlantica Sustainable Infrastructure (NASDAQ:AY) Use Of Debt Could Be Considered Risky
Jun 26Is Atlantica Sustainable Infrastructure (NASDAQ:AY) Using Too Much Debt?
Mar 28Is Atlantica Sustainable Infrastructure (NASDAQ:AY) Using Too Much Debt?
Dec 08Recent updates
Atlantica Sustainable: Algonquin Dumps For A Low Price
May 28Estimating The Intrinsic Value Of Atlantica Sustainable Infrastructure plc (NASDAQ:AY)
May 26Atlantica Sustainable Infrastructure plc's (NASDAQ:AY) P/S Is Still On The Mark Following 26% Share Price Bounce
May 12Atlantica Sustainable: Big Dividends Compensate For Risks (Rating Upgrade)
May 04Is Now An Opportune Moment To Examine Atlantica Sustainable Infrastructure plc (NASDAQ:AY)?
Apr 23Atlantica Sustainable Infrastructure (NASDAQ:AY) Takes On Some Risk With Its Use Of Debt
Apr 10Atlantica Sustainable: Too Low A Margin Of Safety To Weather Medium-Term Risks (Rating Downgrade)
Apr 02Atlantica Sustainable Infrastructure: A Bargain At A 10%+ CAFD Yield
Mar 05Atlantica Sustainable Infrastructure plc Just Recorded A 45% EPS Beat: Here's What Analysts Are Forecasting Next
Mar 04Atlantica Sustainable Infrastructure plc's (NASDAQ:AY) Share Price Not Quite Adding Up
Feb 21Atlantica Sustainable Infrastructure: Think About Total Returns
Feb 01Atlantica Sustainable: Demystifying The Sustainability Of The Dividend
Jan 22What Is Atlantica Sustainable Infrastructure plc's (NASDAQ:AY) Share Price Doing?
Jan 19Does Atlantica Sustainable Infrastructure (NASDAQ:AY) Have A Healthy Balance Sheet?
Jan 04Atlantica Sustainable Infrastructure (NASDAQ:AY) May Have Issues Allocating Its Capital
Dec 14Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Shares Could Be 33% Below Their Intrinsic Value Estimate
Nov 14Is Atlantica Sustainable Infrastructure (NASDAQ:AY) Using Too Much Debt?
Sep 25Atlantica Sustainable Infrastructure (NASDAQ:AY) May Have Issues Allocating Its Capital
Aug 24Atlantica Sustainable Infrastructure (NASDAQ:AY) Use Of Debt Could Be Considered Risky
Jun 26Returns On Capital At Atlantica Sustainable Infrastructure (NASDAQ:AY) Paint A Concerning Picture
May 10Is Atlantica Sustainable Infrastructure (NASDAQ:AY) Using Too Much Debt?
Mar 28Is Atlantica Sustainable Infrastructure (NASDAQ:AY) Using Too Much Debt?
Dec 08Atlantica Sustainable Infrastructure (NASDAQ:AY) Could Be At Risk Of Shrinking As A Company
Oct 27Atlantica Sustainable Infrastructure: Solid Dividends, Upside In Renewables
Sep 14Atlantica Sustainable Infrastructure (NASDAQ:AY) Has A Somewhat Strained Balance Sheet
Aug 08Atlantica Sustainable Infrastructure Is Outperforming LQD Year To Date, And Likely To Continue Doing So
Aug 01Atlantica Sustainable Infrastructure (NASDAQ:AY) Hasn't Managed To Accelerate Its Returns
Jul 12Atlantica Sustainable Infrastructure: My Long-Term Bet On The Energy Transition
May 19Is Atlantica Sustainable Infrastructure (NASDAQ:AY) A Risky Investment?
Apr 20Financial Position Analysis
Short Term Liabilities: AY's short term assets ($1.0B) exceed its short term liabilities ($670.2M).
Long Term Liabilities: AY's short term assets ($1.0B) do not cover its long term liabilities ($6.5B).
Debt to Equity History and Analysis
Debt Level: AY's net debt to equity ratio (327.8%) is considered high.
Reducing Debt: AY's debt to equity ratio has reduced from 366.8% to 357.2% over the past 5 years.
Debt Coverage: AY's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: AY's interest payments on its debt are not well covered by EBIT (0.8x coverage).