AltaGas (TSX:ALA) Interest Expense : C$-392 Mil (TTM As of Dec. 2023)

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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 Dec. 2023 was C$ -93 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-392 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 Dec. 2023 was C$ 225 Mil. AltaGas's Interest Expense for the three months ended in Dec. 2023 was C$ -93 Mil. AltaGas's Interest Coverage for the quarter that ended in Dec. 2023 was 2.42. 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

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-346.00

-274.00

-275.00

-330.00

-394.00

AltaGas Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-94.00	-108.00	-93.00	-98.00	-93.00

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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-392 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 Dec. 2023 was C$-93 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$225 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$8,648 Mil.

AltaGas's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	225	/	-93
	=	2.42

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. AltaGas Ltd interest coverage is 2.17, which is low.

AltaGas (TSX:ALA) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » AltaGas Ltd (TSX:ALA) » Definitions » Interest Expense

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ATGFF:USA AQ3:Germany ALA.PR.H.PFD:Canada ALA.PR.G.PFD:Canada ALA.PR.B.PFD:Canada ALA.PR.A.PFD:Canada

Address

1700, 355 - 4th Avenue S.W., Calgary, AB, CAN, T2P 0J1

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. Utility business owns and operates rate-regulated natural gas distribution assets across North America. Midstream business subsequent to the sale of non-core midstream assets in Canada and also engaged in natural gas liquid processing and extraction, transportation, and storage. Natural gas is sold and purchased for both commercial and industrial users. Revenue is derived from customers in both Canada and the United States, with Canadian customers contributing the most.

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