AltaGas (TSX:ALA.PR.B.PFD) Debt-to-Equity

: 1.28 (As of Dec. 2023)

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AltaGas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1,231.00 Mil. AltaGas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$8,648.00 Mil. AltaGas's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$7,713.00 Mil. AltaGas's debt to equity for the quarter that ended in Dec. 2023 was 1.28.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for AltaGas's Debt-to-Equity or its related term are showing as below:

TSX:ALA.PR.B.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.8 Med: 1.13 Max: 1.45
Current: 1.28

During the past 13 years, the highest Debt-to-Equity Ratio of AltaGas was 1.45. The lowest was 0.80. And the median was 1.13.

TSX:ALA.PR.B.PFD's Debt-to-Equity is ranked worse than
80.53% of 832 companies
in the Oil & Gas industry
Industry Median: 0.435 vs TSX:ALA.PR.B.PFD: 1.28

AltaGas Debt-to-Equity Historical Data

The historical data trend for AltaGas's Debt-to-Equity 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.

* Premium members only.

AltaGas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.04

1.23

1.25

1.36

1.28

AltaGas Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																1.36	1.13	1.13	1.17	1.28

Competitive Comparison

For the Oil & Gas Midstream subindustry, AltaGas's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

AltaGas Debt-to-Equity Distribution

For the Oil & Gas industry and Energy sector, AltaGas's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where AltaGas's Debt-to-Equity falls into.

AltaGas Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AltaGas's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1231	+	8648)	/	7713
	=	1.28

AltaGas's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1231	+	8648)	/	7713
	=	1.28

AltaGas (TSX:ALA.PR.B.PFD) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

AltaGas Debt-to-Equity Related Terms

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AltaGas (TSX:ALA.PR.B.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » AltaGas Ltd (TSX:ALA.PR.B.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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