Altus Power Balance Sheet Health
Financial Health criteria checks 0/6
Altus Power has a total shareholder equity of $583.8M and total debt of $1.3B, which brings its debt-to-equity ratio to 226.3%. Its total assets and total liabilities are $2.2B and $1.7B respectively. Altus Power's EBIT is $30.7M making its interest coverage ratio 0.4. It has cash and short-term investments of $96.9M.
Key information
226.3%
Debt to equity ratio
US$1.32b
Debt
| Interest coverage ratio | 0.4x |
| Cash | US$96.90m |
| Equity | US$583.84m |
| Total liabilities | US$1.66b |
| Total assets | US$2.24b |
Recent financial health updates
Is Altus Power (NYSE:AMPS) Using Too Much Debt?
Oct 11
Altus Power (NYSE:AMPS) Use Of Debt Could Be Considered Risky
Jul 12Recent updates
Beyond Lackluster Earnings: Potential Concerns For Altus Power's (NYSE:AMPS) Shareholders
Nov 19Subdued Growth No Barrier To Altus Power, Inc. (NYSE:AMPS) With Shares Advancing 25%
Nov 14Altus Power: A Bright Future Amid Looming Debt Challenges
Oct 13Is Altus Power (NYSE:AMPS) Using Too Much Debt?
Oct 11Why We're Not Concerned Yet About Altus Power, Inc.'s (NYSE:AMPS) 30% Share Price Plunge
Aug 11Should You Investigate Altus Power, Inc. (NYSE:AMPS) At US$3.16?
Aug 10Altus Power (NYSE:AMPS) Use Of Debt Could Be Considered Risky
Jul 12Altus Power: Valuable Partnerships And Competitive Advantage To Outperform
Mar 16Altus Power, Inc.'s (NYSE:AMPS) 31% Jump Shows Its Popularity With Investors
Feb 16Altus Power: Unico Solar Acquisition Should Accelerate Growth
Dec 23Altus Power, Inc.'s (NYSE:AMPS) 29% Jump Shows Its Popularity With Investors
Dec 16Altus Power: H2 2023 EBITDA Guidance Is Achievable And FY24 Outlook Is Positive
Sep 15Altus Power: Assessing An Alt-Energy Play
Jul 26Altus Power: Incredible EBITDA Growth Ahead Ignited By Expansion
Jul 01Altus Power Shows Renewed Vigor
Jan 11Altus Power to acquire 220 MW of construction solar assets for $293M
Dec 27Altus Power, Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Nov 17Financial Position Analysis
Short Term Liabilities: AMPS's short term assets ($138.8M) do not cover its short term liabilities ($230.8M).
Long Term Liabilities: AMPS's short term assets ($138.8M) do not cover its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: AMPS's net debt to equity ratio (209.7%) is considered high.
Reducing Debt: Insufficient data to determine if AMPS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: AMPS's debt is not well covered by operating cash flow (3.8%).
Interest Coverage: AMPS's interest payments on its debt are not well covered by EBIT (0.4x coverage).