AltaGas Balance Sheet Health
Financial Health criteria checks 1/6
AltaGas has a total shareholder equity of CA$7.9B and total debt of CA$8.7B, which brings its debt-to-equity ratio to 110.7%. Its total assets and total liabilities are CA$22.2B and CA$14.3B respectively. AltaGas's EBIT is CA$847.0M making its interest coverage ratio 2.3. It has cash and short-term investments of CA$43.0M.
Key information
110.7%
Debt to equity ratio
CA$8.73b
Debt
| Interest coverage ratio | 2.3x |
| Cash | CA$43.00m |
| Equity | CA$7.89b |
| Total liabilities | CA$14.30b |
| Total assets | CA$22.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AGEE.F's short term assets (CA$2.7B) do not cover its short term liabilities (CA$3.2B).
Long Term Liabilities: AGEE.F's short term assets (CA$2.7B) do not cover its long term liabilities (CA$11.1B).
Debt to Equity History and Analysis
Debt Level: AGEE.F's net debt to equity ratio (110.1%) is considered high.
Reducing Debt: AGEE.F's debt to equity ratio has reduced from 147.8% to 110.7% over the past 5 years.
Debt Coverage: AGEE.F's debt is not well covered by operating cash flow (7.8%).
Interest Coverage: AGEE.F's interest payments on its debt are not well covered by EBIT (2.3x coverage).