AltaGas (TSX:ALA.PR.I.PFD) Debt-to-Revenue : 0.75 (As of Dec. 2023)

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What is AltaGas Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

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 annualized Revenue for the quarter that ended in Dec. 2023 was C$13,152.00 Mil. AltaGas's annualized Debt-to-Revenue for the quarter that ended in Dec. 2023 was 0.75.

AltaGas Debt-to-Revenue Historical Data

The historical data trend for AltaGas's Debt-to-Revenue 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 Debt-to-Revenue Chart

AltaGas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Revenue

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1.36

1.55

0.82

0.72

0.76

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-Revenue	Get a 7-Day Free Trial															0.65	0.54	0.82	0.75	0.75

Competitive Comparison of AltaGas's Debt-to-Revenue

For the Oil & Gas Midstream subindustry, AltaGas's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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's Debt-to-Revenue Distribution in the Oil & Gas Industry

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

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

AltaGas Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

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

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(1231	+	8648)	/	12997
	=	0.76

AltaGas's annualized Debt-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(1231	+	8648)	/	13152
	=	0.75

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Dec. 2023) Revenue data.

AltaGas Debt-to-Revenue Related Terms

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

Industry

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

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Traded in Other Exchanges

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