AltaGas Ltd (ALA) — Cash Flow Quality Index
Latest as of June 2026:
1.68x
AltaGas Ltd (ALA) has a Cash Flow Quality Index of 1.68x as of June 2026. Operating cash flow of CA$490.00 Million exceeds net income of CA$291.00 Million, indicating high earnings quality where cash backs reported profits. Explore how well can AltaGas Ltd service its debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
1.68x
Operating CF / Net Income
Operating Cash Flow
CA$490.00 Million
CAD
Net Income
CA$291.00 Million
CAD
Data as of
Jun 2026
Most recent filing
AltaGas Ltd Cash Flow Quality Index (1998–2025)
Historical Cash Flow Quality Index for AltaGas Ltd across 27 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see ALA operating cash flow.
Annual Cash Flow Quality Index for AltaGas Ltd (1998–2025)
Year-by-year earnings quality comparison for AltaGas Ltd.
| Year | Quality Index | Operating CF (CAD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.61x | CA$1.24 Billion | CA$768.00 Million | ▼ -36.4% |
| 2024 | 2.53x | CA$1.54 Billion | CA$608.00 Million | ▲ +51.9% |
| 2023 | 1.67x | CA$1.12 Billion | CA$673.00 Million | ▲ +77.1% |
| 2022 | 0.94x | CA$539.00 Million | CA$573.00 Million | ▼ -56.7% |
| 2021 | 2.17x | CA$738.00 Million | CA$340.00 Million | ▲ +60.6% |
| 2020 | 1.35x | CA$773.00 Million | CA$572.00 Million | ▲ +84.5% |
| 2019 | 0.73x | CA$615.50 Million | CA$840.30 Million | ▼ -86.6% |
| 2017 | 5.46x | CA$545.20 Million | CA$99.90 Million | ▲ +155.3% |
| 2016 | 2.14x | CA$456.20 Million | CA$213.40 Million | ▼ -74.5% |
| 2015 | 8.40x | CA$501.20 Million | CA$59.70 Million | ▲ +153.5% |
| 2014 | 3.31x | CA$457.70 Million | CA$138.20 Million | ▲ +88.4% |
| 2013 | 1.76x | CA$366.34 Million | CA$208.43 Million | ▲ +44.4% |
| 2012 | 1.22x | CA$146.36 Million | CA$120.26 Million | ▼ -45.1% |
| 2011 | 2.22x | CA$209.85 Million | CA$94.60 Million | ▲ +16.6% |
| 2010 | 1.90x | CA$192.58 Million | CA$101.26 Million | ▲ +45.9% |
| 2009 | 1.30x | CA$184.15 Million | CA$141.31 Million | ▲ +3.8% |
| 2008 | 1.26x | CA$205.45 Million | CA$163.57 Million | ▼ -25.4% |
| 2007 | 1.68x | CA$183.28 Million | CA$108.79 Million | ▲ +31.4% |
| 2006 | 1.28x | CA$146.86 Million | CA$114.51 Million | ▲ +3.1% |
| 2005 | 1.24x | CA$112.31 Million | CA$90.29 Million | ▼ -44.6% |
| 2004 | 2.24x | CA$147.71 Million | CA$65.80 Million | ▼ -10.8% |
| 2003 | 2.52x | CA$96.47 Million | CA$38.32 Million | ▼ -4.1% |
| 2002 | 2.62x | CA$75.28 Million | CA$28.69 Million | ▲ +7.5% |
| 2001 | 2.44x | CA$45.40 Million | CA$18.60 Million | ▲ +94.2% |
| 2000 | 1.26x | CA$21.54 Million | CA$17.15 Million | ▼ -42.4% |
| 1999 | 2.18x | CA$24.00 Million | CA$11.00 Million | ▲ +60.8% |
| 1998 | 1.36x | CA$9.50 Million | CA$7.00 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.