AltaGas Ltd
TSX:ALA
Bankruptcy Probability
AltaGas Ltd's probability of bankruptcy is 7.5%, signalling a meaningful chance of default. The solvency score is 27/100 — a sign of moderate financial strength.
We take all the information about a company's solvency (such as how easily a company can pay interest on its outstanding debt, how much cash it has, the amount of debt, and more) and use it to estimate the probability of bankruptcy.
Solvency Ratios
Solvency Ratios Comparison
AltaGas Ltd Competitors
| Country | Company | Market Cap | D/E | D/A |
Interest Coverage |
Altman Z-Score |
Quick Ratio |
Current Ratio |
Cash Ratio |
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|---|---|---|---|---|---|---|---|---|---|---|---|
| CA |
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AltaGas Ltd
TSX:ALA
|
14.7B CAD |
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| US |
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Atmos Energy Corp
NYSE:ATO
|
30.5B USD |
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| ES |
|
Naturgy Energy Group SA
MAD:NTGY
|
23.9B EUR |
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| IT |
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Snam SpA
MIL:SRG
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21.5B EUR |
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| HK |
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Hong Kong and China Gas Co Ltd
HKEX:3
|
138.8B HKD |
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| JP |
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Tokyo Gas Co Ltd
TSE:9531
|
2.6T JPY |
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| JP |
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Osaka Gas Co Ltd
TSE:9532
|
2.4T JPY |
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| IT |
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Italgas SpA
MIL:IG
|
10.4B EUR |
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| IN |
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GAIL (India) Ltd
NSE:GAIL
|
1T INR |
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| CN |
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ENN Energy Holdings Ltd
HKEX:2688
|
76.9B HKD |
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| CN |
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ENN Natural Gas Co Ltd
SSE:600803
|
65.9B CNY |
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AltaGas Ltd's probability of bankruptcy is 7.5%, signalling a meaningful chance of default.
The probability of bankruptcy is estimated using credit risk models that assess its financial health, debt levels, interest coverage, and other solvency indicators.
As of the latest report, AltaGas Ltd has total debt of 9.5B CAD. This includes both short-term (231m CAD) and long-term (9.3B CAD) debt.
You can find a full breakdown on its Balance Sheet.
