Altus Power Balance Sheet Health
Financial Health criteria checks 1/6
Altus Power has a total shareholder equity of $525.0M and total debt of $1.2B, which brings its debt-to-equity ratio to 229.1%. 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 0.5. It has cash and short-term investments of $160.8M.
Key information
229.1%
Debt to equity ratio
US$1.20b
Debt
| Interest coverage ratio | 0.5x |
| Cash | US$160.82m |
| Equity | US$525.01m |
| Total liabilities | US$1.57b |
| Total assets | US$2.09b |
Recent financial health updates
No updates
Recent updates
Altus Power: Valuable Partnerships And Competitive Advantage To Outperform
Mar 16Altus Power, Inc.'s (NYSE:AMPS) 31% Jump Shows Its Popularity With Investors
Feb 16
Altus 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 17Altus Power GAAP EPS of -$0.63 misses by $0.65, revenue of $30.4M beats by $0.99M
Nov 14Altus Power: Driving Clean Energy Transition Across The U.S.
Nov 02Altus Power stock falls ~14% after hours on secondary public offering of class A shares
Sep 28Altus Power GAAP EPS of $0.16, revenue of $24.8M; reaffirms FY22 adjusted EBITDA guidance
Aug 15Here's What's Concerning About Altus Power's (NYSE:AMPS) Returns On Capital
Jul 11Altus Power: CBRE And Blackstone Supported Solar Deployment
Jun 02Financial Position Analysis
Short Term Liabilities: AMPS's short term assets ($228.8M) exceed its short term liabilities ($106.5M).
Long Term Liabilities: AMPS's short term assets ($228.8M) do not cover its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: AMPS's net debt to equity ratio (198.5%) 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 (6.6%).
Interest Coverage: AMPS's interest payments on its debt are not well covered by EBIT (0.5x coverage).