AltaGas Historical Balance Sheet

ALA Stock

CAD 35.22 0.01 0.03%

Trend analysis of AltaGas balance sheet accounts such as Short Long Term Debt Total of 10.4 B, Other Current Liabilities of 153.7 M or Total Current Liabilities of 3.6 B provides information on AltaGas' total assets, liabilities, and equity, which is the actual value of AltaGas to its prevalent stockholders. By breaking down trends over time using AltaGas balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Housing Crash

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Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining AltaGas latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether AltaGas is a good buy for the upcoming year.

AltaGas Inventory

889.35 Million

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AltaGas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About AltaGas Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of AltaGas at a specified time, usually calculated after every quarter, six months, or one year. AltaGas Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of AltaGas and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which AltaGas currently owns. An asset can also be divided into two categories, current and non-current.

AltaGas Balance Sheet Chart

At this time, AltaGas' Accounts Payable is very stable compared to the past year. As of the 24th of November 2024, Non Current Assets Total is likely to grow to about 21.4 B, while Other Current Liabilities is likely to drop about 153.7 M.

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities

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Total Assets

Total assets refers to the total amount of AltaGas assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in AltaGas books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on AltaGas balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of AltaGas are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most accounts from AltaGas' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into AltaGas current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AltaGas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2021	2022	2023	2024 (projected)
Short and Long Term Debt Total	8.7B	10.2B	9.9B	10.4B
Total Assets	21.6B	24.0B	23.5B	24.6B

Short Long Term Debt Total Total Assets

AltaGas balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Cash	Cash And Short Term Investments	Good Will	Current Deferred Revenue
Total Assets		1.0	0.74	0.97	0.98	0.99	1.0	-0.84	0.97	1.0	0.48	0.96	0.97	1.0	0.93	0.52	0.27	1.0	0.97	0.94	0.82	0.11	0.0	-0.02	0.97	0.88
Short Long Term Debt Total	1.0		0.75	0.97	0.96	0.98	1.0	-0.82	0.97	0.99	0.49	0.97	0.95	1.0	0.93	0.54	0.28	1.0	0.97	0.95	0.82	0.07	0.0	-0.02	0.97	0.88
Other Current Liab	0.74	0.75		0.76	0.69	0.67	0.75	-0.73	0.74	0.7	0.38	0.78	0.69	0.75	0.79	0.08	0.4	0.76	0.65	0.88	0.56	0.06	-0.07	-0.08	0.71	0.73
Total Current Liabilities	0.97	0.97	0.76		0.92	0.93	0.97	-0.84	0.96	0.96	0.42	0.96	0.9	0.96	0.88	0.53	0.37	0.98	0.91	0.95	0.91	0.08	-0.05	-0.07	0.94	0.87
Total Stockholder Equity	0.98	0.96	0.69	0.92		0.99	0.96	-0.83	0.92	0.99	0.51	0.91	0.98	0.96	0.89	0.49	0.19	0.96	0.97	0.87	0.79	0.22	0.05	0.03	0.92	0.84
Property Plant And Equipment Net	0.99	0.98	0.67	0.93	0.99		0.98	-0.78	0.95	0.99	0.54	0.94	0.98	0.98	0.92	0.57	0.23	0.98	0.99	0.88	0.77	0.12	0.03	0.01	0.95	0.84
Net Debt	1.0	1.0	0.75	0.97	0.96	0.98		-0.82	0.98	0.99	0.49	0.97	0.95	1.0	0.94	0.54	0.28	1.0	0.97	0.95	0.82	0.07	-0.03	-0.05	0.97	0.88
Retained Earnings	-0.84	-0.82	-0.73	-0.84	-0.83	-0.78	-0.82		-0.74	-0.84	-0.11	-0.73	-0.79	-0.81	-0.67	-0.1	-0.17	-0.82	-0.72	-0.79	-0.83	-0.45	0.09	0.11	-0.75	-0.82
Accounts Payable	0.97	0.97	0.74	0.96	0.92	0.95	0.98	-0.74		0.96	0.51	0.99	0.94	0.98	0.96	0.62	0.42	0.98	0.96	0.93	0.76	-0.1	-0.1	-0.12	0.99	0.83
Non Current Assets Total	1.0	0.99	0.7	0.96	0.99	0.99	0.99	-0.84	0.96		0.47	0.95	0.98	0.99	0.92	0.53	0.25	0.99	0.97	0.91	0.81	0.13	-0.01	-0.02	0.96	0.87
Non Currrent Assets Other	0.48	0.49	0.38	0.42	0.51	0.54	0.49	-0.11	0.51	0.47		0.56	0.48	0.49	0.64	0.65	0.12	0.48	0.61	0.5	0.21	-0.24	0.1	0.1	0.44	0.24
Net Receivables	0.96	0.97	0.78	0.96	0.91	0.94	0.97	-0.73	0.99	0.95	0.56		0.92	0.98	0.97	0.61	0.4	0.98	0.95	0.96	0.75	-0.13	-0.1	-0.11	0.98	0.82
Common Stock Shares Outstanding	0.97	0.95	0.69	0.9	0.98	0.98	0.95	-0.79	0.94	0.98	0.48	0.92		0.96	0.91	0.51	0.27	0.95	0.97	0.85	0.71	0.11	-0.04	-0.05	0.95	0.82
Non Current Liabilities Total	1.0	1.0	0.75	0.96	0.96	0.98	1.0	-0.81	0.98	0.99	0.49	0.98	0.96		0.95	0.53	0.29	1.0	0.97	0.95	0.79	0.05	-0.01	-0.03	0.98	0.88
Inventory	0.93	0.93	0.79	0.88	0.89	0.92	0.94	-0.67	0.96	0.92	0.64	0.97	0.91	0.95		0.56	0.34	0.94	0.95	0.92	0.62	-0.16	-0.07	-0.08	0.95	0.76
Other Current Assets	0.52	0.54	0.08	0.53	0.49	0.57	0.54	-0.1	0.62	0.53	0.65	0.61	0.51	0.53	0.56		0.44	0.54	0.65	0.43	0.41	-0.41	-0.05	-0.06	0.58	0.28
Other Stockholder Equity	0.27	0.28	0.4	0.37	0.19	0.23	0.28	-0.17	0.42	0.25	0.12	0.4	0.27	0.29	0.34	0.44		0.31	0.27	0.35	0.23	-0.29	-0.3	-0.3	0.37	0.17
Total Liab	1.0	1.0	0.76	0.98	0.96	0.98	1.0	-0.82	0.98	0.99	0.48	0.98	0.95	1.0	0.94	0.54	0.31		0.97	0.95	0.82	0.05	-0.02	-0.04	0.98	0.88
Property Plant And Equipment Gross	0.97	0.97	0.65	0.91	0.97	0.99	0.97	-0.72	0.96	0.97	0.61	0.95	0.97	0.97	0.95	0.65	0.27	0.97		0.88	0.73	0.0	0.01	-0.01	0.95	0.8
Total Current Assets	0.94	0.95	0.88	0.95	0.87	0.88	0.95	-0.79	0.93	0.91	0.5	0.96	0.85	0.95	0.92	0.43	0.35	0.95	0.88		0.79	0.0	0.02	0.0	0.91	0.85
Short Term Debt	0.82	0.82	0.56	0.91	0.79	0.77	0.82	-0.83	0.76	0.81	0.21	0.75	0.71	0.79	0.62	0.41	0.23	0.82	0.73	0.79		0.28	0.02	0.0	0.74	0.79
Intangible Assets	0.11	0.07	0.06	0.08	0.22	0.12	0.07	-0.45	-0.1	0.13	-0.24	-0.13	0.11	0.05	-0.16	-0.41	-0.29	0.05	0.0	0.0	0.28		0.27	0.24	-0.09	0.2
Cash	0.0	0.0	-0.07	-0.05	0.05	0.03	-0.03	0.09	-0.1	-0.01	0.1	-0.1	-0.04	-0.01	-0.07	-0.05	-0.3	-0.02	0.01	0.02	0.02	0.27		1.0	-0.1	0.04
Cash And Short Term Investments	-0.02	-0.02	-0.08	-0.07	0.03	0.01	-0.05	0.11	-0.12	-0.02	0.1	-0.11	-0.05	-0.03	-0.08	-0.06	-0.3	-0.04	-0.01	0.0	0.0	0.24	1.0		-0.12	0.02
Good Will	0.97	0.97	0.71	0.94	0.92	0.95	0.97	-0.75	0.99	0.96	0.44	0.98	0.95	0.98	0.95	0.58	0.37	0.98	0.95	0.91	0.74	-0.09	-0.1	-0.12		0.83
Current Deferred Revenue	0.88	0.88	0.73	0.87	0.84	0.84	0.88	-0.82	0.83	0.87	0.24	0.82	0.82	0.88	0.76	0.28	0.17	0.88	0.8	0.85	0.79	0.2	0.04	0.02	0.83

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AltaGas Account Relationship Matchups

AltaGas balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	19.8B	21.5B	21.6B	24.0B	23.5B	24.6B
Short Long Term Debt Total	7.5B	8.6B	8.7B	10.2B	9.9B	10.4B
Other Current Liab	313.4M	262M	268M	707M	246M	153.7M
Total Current Liabilities	3.1B	2.6B	2.7B	3.4B	3.4B	3.6B
Total Stockholder Equity	7.2B	7.0B	6.9B	7.5B	7.7B	8.1B
Property Plant And Equipment Net	10.3B	11.3B	11.6B	12.0B	13.1B	13.7B
Net Debt	7.4B	8.6B	8.6B	10.1B	9.8B	10.3B
Retained Earnings	(1.4B)	(1.2B)	(1.2B)	(1.1B)	(817M)	(776.2M)
Accounts Payable	1.3B	1.6B	1.5B	1.9B	1.8B	1.9B
Non Current Assets Total	17.6B	19.0B	19.0B	19.3B	20.4B	21.4B
Non Currrent Assets Other	76M	45M	44M	1.3B	1.2B	1.2B
Net Receivables	1.2B	1.4B	1.4B	2.1B	1.8B	1.9B
Common Stock Shares Outstanding	277.4M	279.7M	281.7M	283.3M	283.7M	297.9M
Liabilities And Stockholders Equity	19.8B	21.5B	21.6B	24.0B	23.5B	24.6B
Non Current Liabilities Total	9.3B	11.3B	11.3B	12.9B	12.2B	12.8B
Inventory	505.6M	636M	782M	1.1B	847M	889.4M
Other Stockholder Equity	376.7M	383M	388M	625M	624M	377.7M
Total Liab	12.4B	13.9B	14.0B	16.3B	15.6B	16.4B
Property Plant And Equipment Gross	10.3B	11.3B	13.5B	13.7B	15.3B	16.1B
Total Current Assets	2.2B	2.5B	2.6B	4.6B	3.0B	3.2B
Accumulated Other Comprehensive Income	244.9M	50M	(7M)	626M	395M	414.8M
Short Term Debt	1.4B	711M	771M	719M	1.2B	1.3B
Intangible Assets	585.6M	551M	188M	159M	148M	140.6M
Cash	57.1M	32M	63M	53M	98M	68.2M
Cash And Short Term Investments	57.1M	32M	63M	53M	98M	72.0M
Good Will	3.9B	5.0B	5.2B	5.3B	5.3B	5.5B
Current Deferred Revenue	76.6M	73M	74M	79M	92M	48.3M
Common Stock Total Equity	4.0B	6.7B	6.7B	6.7B	7.7B	4.6B
Common Stock	6.7B	6.7B	6.7B	6.8B	7.1B	5.3B
Other Liab	3.2B	3.3B	3.4B	3.5B	4.0B	2.5B
Net Tangible Assets	1.4B	374M	532M	1.5B	1.3B	1.0B
Long Term Debt	5.9B	7.6B	7.7B	9.2B	8.3B	6.3B
Deferred Long Term Liab	493M	456M	455M	484M	556.6M	396.3M
Long Term Investments	1.5B	887M	623M	654M	686M	947.0M
Short Long Term Debt	1.4B	612M	680M	627M	1.1B	801.9M
Property Plant Equipment	10.3B	11.3B	11.6B	12.0B	13.8B	9.5B
Long Term Debt Total	5.9B	7.6B	7.7B	9.2B	10.6B	6.7B

Pair Trading with AltaGas

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AltaGas position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AltaGas will appreciate offsetting losses from the drop in the long position's value.

Moving against AltaGas Stock

0.31

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Pair Corr

The ability to find closely correlated positions to AltaGas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AltaGas when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AltaGas - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AltaGas to buy it.

The correlation of AltaGas is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AltaGas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AltaGas moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for AltaGas can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in AltaGas Stock

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AltaGas Historical Balance Sheet

AltaGas Inventory

889.35 Million

About AltaGas Balance Sheet Analysis

AltaGas Balance Sheet Chart

Total Assets

Total Current Liabilities

AltaGas balance sheet Correlations

AltaGas Account Relationship Matchups

High Positive Relationship

High Negative Relationship

AltaGas balance sheet Accounts

Pair Trading with AltaGas

Moving against AltaGas Stock

Other Information on Investing in AltaGas Stock

COMMON DESTINATIONS

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Short Long Term Debt Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total

Non Current Assets Total	- 0.84	Retained Earnings
Retained Earnings	- 0.84	Total Current Liabilities
Retained Earnings	- 0.84	Total Assets
Short Term Debt	- 0.83	Retained Earnings
Retained Earnings	- 0.83	Total Stockholder Equity
Current Deferred Revenue	- 0.82	Retained Earnings