AltaGas Ltd.

AltaGas Ltd.verified

ALA.TO

Price:

$35.28

Market Cap:

$10.49B

AltaGas Ltd. operates as an energy infrastructure company in North America. The company operates through Utilities and Midstream segments. The Utilities segment owns and operates rate-regulated natural gas distribution and storage utilities in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia serving approximately 1.7 million customers. This segment also provides interstate natural gas transportation and storage services. The Midstream segment engages in the natural gas gathering and extraction with 1.2 billion cubic feet per day (Bcf/d) of extraction processing capacity and approximately 1.2 Bcf/d of raw field gas processing capacity; natural gas gathering and e...[Read more]

Industry

Regulated Gas

IPO Date

2004-05-17

Stock Exchange

TSX

Ticker

ALA.TO

The Current Ratio as of September 2024 (TTM) for AltaGas Ltd. (ALA.TO) is 0.85

According to AltaGas Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 0.85. This represents a change of -5.03% compared to the average of 0.89 of the last 4 quarters.

AltaGas Ltd. (ALA.TO) Historical Current Ratio (quarterly & annually)

How has ALA.TO Current Ratio performed in the past?

The mean historical Current Ratio of AltaGas Ltd. over the last ten years is 1.00. The current 0.85 Current Ratio has changed 8.42% with respect to the historical average. Over the past ten years (40 quarters), ALA.TO's Current Ratio was at its highest in in the June 2018 quarter at 1.67. The Current Ratio was at its lowest in in the September 2019 quarter at 0.50.

Quarterly (TTM)
Annual

Average

1.00

Median

0.97

Minimum

0.70

Maximum

1.38

AltaGas Ltd. (ALA.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of AltaGas Ltd. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 62.05%

Maximum Annual Current Ratio = 1.38

Minimum Annual Increase = -34.46%

Minimum Annual Current Ratio = 0.70

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.89-34.46%
20221.3637.84%
20210.993.11%
20200.9636.29%
20190.70-28.52%
20180.9814.19%
20170.8616.12%
20160.74-32.29%
20151.10-20.84%
20141.3862.05%

AltaGas Ltd. (ALA.TO) Average Current Ratio

How has ALA.TO Current Ratio performed in the past?

The current Current Ratio of AltaGas Ltd. (ALA.TO) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.08

5-year avg

0.98

10-year avg

1.00

AltaGas Ltd. (ALA.TO) Current Ratio vs. Peers

How is ALA.TO’s Current Ratio compared to its peers?

AltaGas Ltd.’s Current Ratio is greater than Pembina Pipeline Corporation (0.68), less than Keyera Corp. (1.30), greater than Emera Incorporated (0.79), less than Algonquin Power & Utilities Corp. (0.97), greater than TC Energy Corporation (0.76),

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