AltaGas Balance Sheet Health
Financial Health criteria checks 0/6
AltaGas has a total shareholder equity of CA$8.5B and total debt of CA$9.2B, which brings its debt-to-equity ratio to 108.8%. Its total assets and total liabilities are CA$23.9B and CA$15.5B respectively. AltaGas's EBIT is CA$976.0M making its interest coverage ratio 2.4. It has cash and short-term investments of CA$46.0M.
Key information
108.8%
Debt to equity ratio
CA$9.21b
Debt
| Interest coverage ratio | 2.4x |
| Cash | CA$46.00m |
| Equity | CA$8.47b |
| Total liabilities | CA$15.46b |
| Total assets | CA$23.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ATGP.F's short term assets (CA$2.5B) do not cover its short term liabilities (CA$2.9B).
Long Term Liabilities: ATGP.F's short term assets (CA$2.5B) do not cover its long term liabilities (CA$12.5B).
Debt to Equity History and Analysis
Debt Level: ATGP.F's net debt to equity ratio (108.2%) is considered high.
Reducing Debt: ATGP.F's debt to equity ratio has increased from 106.2% to 108.8% over the past 5 years.
Debt Coverage: ATGP.F's debt is not well covered by operating cash flow (12.7%).
Interest Coverage: ATGP.F's interest payments on its debt are not well covered by EBIT (2.4x coverage).