TransAlta Balance Sheet Health
Financial Health criteria checks 2/6
TransAlta has a total shareholder equity of CA$1.9B and total debt of CA$4.0B, which brings its debt-to-equity ratio to 212.3%. Its total assets and total liabilities are CA$8.5B and CA$6.6B respectively. TransAlta's EBIT is CA$1.0B making its interest coverage ratio 4.4. It has cash and short-term investments of CA$351.0M.
Key information
212.3%
Debt to equity ratio
CA$4.05b
Debt
| Interest coverage ratio | 4.4x |
| Cash | CA$351.00m |
| Equity | CA$1.91b |
| Total liabilities | CA$6.64b |
| Total assets | CA$8.55b |
Recent financial health updates
No updates
Recent updates
TransAlta: The Transition Must Accelerate
Mar 07TransAlta: A Major Player, A Good Buy At Below $10.5/Share
Dec 13TransAlta Q4 2022 Earnings Preview
Feb 22TransAlta declares CAD 0.055 dividend
Dec 12TransAlta prices $400M senior green bond offering
Nov 15TransAlta Q3 2022 Earnings Preview
Nov 07TransAlta Q2 2022 Earnings Preview
Aug 04TransAlta declares CAD 0.05 dividend
Jul 28TransAlta: Renewable Growth Stories At Great Valuations
May 26TransAlta Corp.: A Superior Choice To TransAlta Renewables
Feb 28TransAlta Is Up 40% In 2021 And Is Poised To Repeat It In 2022 With Or Without Acquisition By Brookfield
Dec 14TransAlta Investor Day: Clear Targets And Good Outlook, Though Valuations Are Mixed
Oct 13TransAlta announces NCIB for shares
May 26Financial Position Analysis
Short Term Liabilities: TAC's short term assets (CA$1.5B) do not cover its short term liabilities (CA$1.8B).
Long Term Liabilities: TAC's short term assets (CA$1.5B) do not cover its long term liabilities (CA$4.8B).
Debt to Equity History and Analysis
Debt Level: TAC's net debt to equity ratio (193.9%) is considered high.
Reducing Debt: TAC's debt to equity ratio has increased from 83.4% to 212.3% over the past 5 years.
Debt Coverage: TAC's debt is well covered by operating cash flow (33.2%).
Interest Coverage: TAC's interest payments on its debt are well covered by EBIT (4.4x coverage).