AltaGas

AltaGas Interest Coverage

The Interest Coverage Ratio of AltaGas (ALA.TO) as of Oct 10, 2026 is 3.09. In the previous year, Interest Coverage Ratio was 3.38 — a change of -8.58% (lower).

Interest Coverage

3.09

YoY

-8.58%

Last updated:

Interest Coverage Ratio of AltaGas is 2024 3.09 . Interest Coverage Ratio of AltaGas was 2023 3.38 . It decreases by -8.58% lower compared to the previous year.

The AltaGas Interest Coverage history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Interest Coverage
Date
Interest Coverage
Jan 1, 2017
1.84 CAD
Jan 1, 2018
-1.55 CAD
Jan 1, 2019
2.41 CAD
Jan 1, 2020
4.27 CAD
Jan 1, 2021
1.77 CAD
Jan 1, 2022
3.56 CAD
Jan 1, 2023
3.38 CAD
Jan 1, 2024
3.09 CAD
The AltaGas Interest Coverage history
YEARInterest CoverageYoY
3.09-8.58%
3.38-5.04%
3.56+101.72%
1.77-58.63%
4.27+77.32%
2.41-255.81%
-1.55-184.15%
1.84-33.19%
2.75+40.29%
1.96-55.10%
4.36—
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AltaGas Stock analysis

What does AltaGas do? AltaGas Ltd is a Canadian energy infrastructure company headquartered in Calgary, Alberta. It was founded in 1994 and has since become a significant player in Canada and North America's energy industry. AltaGas is one of the most popular companies on Eulerpool.

Frequently Asked Questions about AltaGas stock

Interest Coverage Ratio of AltaGas is 3.09 in 2024.

Interest Coverage Ratio of AltaGas changed from 3.38 to 3.09, representing a -8.58% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Interest Coverage Ratio AltaGas since 2006 – with annual values, charts, and detailed analysis.

The Interest Coverage ratio measures a company's ability to pay interest on its debt. Higher ratios indicate greater financial strength and lower default risk.

Interest Coverage = EBIT / Interest Expense

A 'good' varies by industry and company stage. On Eulerpool, you can compare Interest Coverage Ratio's AltaGas with sector peers and the industry average to assess whether it is attractive.

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Leverage — AltaGas

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