TransAlta Renewables Balance Sheet Health
Financial Health criteria checks 2/6
TransAlta Renewables has a total shareholder equity of CA$1.7B and total debt of CA$794.0M, which brings its debt-to-equity ratio to 46.7%. Its total assets and total liabilities are CA$3.1B and CA$1.4B respectively. TransAlta Renewables's EBIT is CA$89.0M making its interest coverage ratio 12.7. It has cash and short-term investments of CA$54.0M.
Key information
46.7%
Debt to equity ratio
CA$794.00m
Debt
| Interest coverage ratio | 12.7x |
| Cash | CA$54.00m |
| Equity | CA$1.70b |
| Total liabilities | CA$1.43b |
| Total assets | CA$3.13b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRSW.F's short term assets (CA$210.0M) do not cover its short term liabilities (CA$241.0M).
Long Term Liabilities: TRSW.F's short term assets (CA$210.0M) do not cover its long term liabilities (CA$1.2B).
Debt to Equity History and Analysis
Debt Level: TRSW.F's net debt to equity ratio (43.5%) is considered high.
Reducing Debt: TRSW.F's debt to equity ratio has increased from 43.2% to 46.7% over the past 5 years.
Debt Coverage: TRSW.F's debt is well covered by operating cash flow (29.5%).
Interest Coverage: TRSW.F's interest payments on its debt are well covered by EBIT (12.7x coverage).