AltaGas (TSX:ALA) Interest Expense : C$-464 Mil (TTM As of Mar. 2025)

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What is AltaGas Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AltaGas's interest expense for the three months ended in Mar. 2025 was C$ -115 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2025 was C$-464 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. AltaGas's Operating Income for the three months ended in Mar. 2025 was C$ 593 Mil. AltaGas's Interest Expense for the three months ended in Mar. 2025 was C$ -115 Mil. AltaGas's Interest Coverage for the quarter that ended in Mar. 2025 was 5.16. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

AltaGas Interest Expense Historical Data

The historical data trend for AltaGas's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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AltaGas Interest Expense Chart

AltaGas Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-274.00

-275.00

-330.00

-394.00

-455.00

AltaGas Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Expense	Get a 7-Day Free Trial															-107.00	-111.00	-110.00	-128.00	-115.00

AltaGas Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-464 Mil.

AltaGas (TSX:ALA) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

AltaGas's Interest Expense for the three months ended in Mar. 2025 was C$-115 Mil. Its Operating Income for the three months ended in Mar. 2025 was C$593 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2025 was C$9,685 Mil.

AltaGas's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	593	/	-115
	=	5.16

The higher the ratio, the stronger the company's financial strength is.

AltaGas Business Description

Industry

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ATGFF:USA ALA.PR.G.PFD:Canada ALA.PR.B.PFD:Canada ALA.PR.A.PFD:Canada

Address

707 - 5th Street S.W, Suite 1300, Calgary, AB, CAN, T2P 0Y3

Website

https://www.altagas.ca

AltaGas Ltd owns and operates a diversified basket of energy infrastructure businesses. Business is conducted through given segments: Midstream, Utilities, and Corporate/other. Midstream business consists of export facilities and locates processing, fractionation, and logistics infrastructure, as well as hydrocarbon storage in North America that connects North American producers from wellhead to offshore export and domestic markets. The utility business is offered through its regulated natural gas utilities - Washington Gas and SEMCO. The business generates revenue from customers in both Canada and the United States, with the majority coming from Canadian customers.

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