AltaGas Ltd (ALA) - Net Assets

Latest as of September 2025: CA$9.09 Billion CAD

Based on the latest financial reports, AltaGas Ltd (ALA) has net assets worth CA$9.09 Billion CAD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$25.97 Billion) and total liabilities (CA$16.88 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets CA$9.09 Billion
% of Total Assets 34.98%
Annual Growth Rate 17.77%
5-Year Change 18.08%
10-Year Change 115.23%
Growth Volatility 22.0

AltaGas Ltd - Net Assets Trend (1998–2024)

This chart illustrates how AltaGas Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for AltaGas Ltd (1998–2024)

The table below shows the annual net assets of AltaGas Ltd from 1998 to 2024.

Year Net Assets Change
2024-12-31 CA$9.05 Billion +15.05%
2023-12-31 CA$7.86 Billion +3.22%
2022-12-31 CA$7.62 Billion +0.22%
2021-12-31 CA$7.60 Billion -0.78%
2020-12-31 CA$7.66 Billion +3.97%
2019-12-31 CA$7.37 Billion -3.55%
2018-12-31 CA$7.64 Billion +64.69%
2017-12-31 CA$4.64 Billion +0.52%
2016-12-31 CA$4.62 Billion +9.81%
2015-12-31 CA$4.20 Billion +17.59%
2014-12-31 CA$3.57 Billion +26.32%
2013-12-31 CA$2.83 Billion +41.49%
2012-12-31 CA$2.00 Billion +46.81%
2011-12-31 CA$1.36 Billion +12.48%
2010-12-31 CA$1.21 Billion +15.46%
2009-12-31 CA$1.05 Billion +9.55%
2008-12-31 CA$957.44 Million +63.75%
2007-12-31 CA$584.69 Million +10.44%
2006-12-31 CA$529.42 Million +10.62%
2005-12-31 CA$478.59 Million -1.02%
2004-12-31 CA$483.51 Million +33.08%
2003-12-31 CA$363.33 Million +8.05%
2002-12-31 CA$336.26 Million +29.23%
2001-12-31 CA$260.20 Million +4.35%
2000-12-31 CA$249.35 Million +8.36%
1999-12-31 CA$230.10 Million +78.65%
1998-12-31 CA$128.80 Million --

Equity Component Analysis

This analysis shows how different components contribute to AltaGas Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have decreased by 3894.9% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock CA$7.18 Billion 82.04%
Other Comprehensive Income CA$1.16 Billion 13.20%
Other Components CA$1.01 Billion 11.53%
Total Equity CA$8.75 Billion 100.00%

AltaGas Ltd Competitors by Market Cap

The table below lists competitors of AltaGas Ltd ranked by their market capitalization.

Company Market Cap
Invesco Plc
NYSE:IVZ
 		$11.02 Billion
Avidity Biosciences, Inc
NASDAQ:RNAM
 		$11.02 Billion
Guardant Health Inc
NASDAQ:GH
 		$11.02 Billion
DraftKings Inc
NASDAQ:DKNG
 		$11.03 Billion
MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság
PR:MOL
 		$11.00 Billion
Pro Medicus Ltd
AU:PME
 		$10.99 Billion
Smurfit Kappa Group PLC
F:SK3
 		$10.99 Billion
Wisetech Global Ltd
AU:WTC
 		$10.98 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in AltaGas Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 7,713,000,000 to 8,752,000,000, a change of 1,039,000,000 (13.5%).
  • Net income of 596,000,000 contributed positively to equity growth.
  • Dividend payments of 371,000,000 reduced retained earnings.
  • Share repurchases of 54,000,000 reduced equity.
  • Other comprehensive income increased equity by 760,000,000.
  • Other factors increased equity by 108,000,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CA$596.00 Million +6.81%
Dividends Paid CA$371.00 Million -4.24%
Share Repurchases CA$54.00 Million -0.62%
Other Comprehensive Income CA$760.00 Million +8.68%
Other Changes CA$108.00 Million +1.23%
Total Change CA$- 13.47%

Book Value vs Market Value Analysis

This analysis compares AltaGas Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 1.67x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 11.39x to 1.67x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1998-12-31 CA$4.29 CA$48.89 x
1999-12-31 CA$7.11 CA$48.89 x
2000-12-31 CA$6.30 CA$48.89 x
2001-12-31 CA$6.85 CA$48.89 x
2002-12-31 CA$7.85 CA$48.89 x
2003-12-31 CA$7.96 CA$48.89 x
2004-12-31 CA$9.64 CA$48.89 x
2005-12-31 CA$8.85 CA$48.89 x
2006-12-31 CA$9.54 CA$48.89 x
2007-12-31 CA$10.18 CA$48.89 x
2008-12-31 CA$13.74 CA$48.89 x
2009-12-31 CA$13.21 CA$48.89 x
2010-12-31 CA$14.79 CA$48.89 x
2011-12-31 CA$15.92 CA$48.89 x
2012-12-31 CA$20.35 CA$48.89 x
2013-12-31 CA$23.36 CA$48.89 x
2014-12-31 CA$27.54 CA$48.89 x
2015-12-31 CA$30.05 CA$48.89 x
2016-12-31 CA$29.06 CA$48.89 x
2017-12-31 CA$26.70 CA$48.89 x
2018-12-31 CA$31.53 CA$48.89 x
2019-12-31 CA$26.01 CA$48.89 x
2020-12-31 CA$25.17 CA$48.89 x
2021-12-31 CA$24.67 CA$48.89 x
2022-12-31 CA$26.32 CA$48.89 x
2023-12-31 CA$27.19 CA$48.89 x
2024-12-31 CA$29.34 CA$48.89 x

Capital Efficiency Dashboard

This dashboard shows how efficiently AltaGas Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 6.81%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 4.79%
  • • Asset Turnover: 0.48x
  • • Equity Multiplier: 2.98x
  • Recent ROE (6.81%) is below the historical average (8.38%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1998 5.43% 5.76% 0.38x 2.51x CA$-5.88 Million
1999 4.78% 4.28% 0.60x 1.87x CA$-12.01 Million
2000 6.99% 3.45% 0.88x 2.29x CA$-7.51 Million
2001 7.15% 3.80% 0.69x 2.72x CA$-7.42 Million
2002 8.53% 5.93% 0.54x 2.64x CA$-4.94 Million
2003 10.55% 5.41% 0.77x 2.53x CA$1.99 Million
2004 13.61% 7.66% 0.78x 2.29x CA$17.45 Million
2005 18.87% 6.01% 1.41x 2.23x CA$42.43 Million
2006 21.63% 8.40% 1.23x 2.10x CA$61.57 Million
2007 18.61% 7.65% 1.19x 2.05x CA$50.33 Million
2008 17.08% 9.00% 0.84x 2.26x CA$67.83 Million
2009 13.47% 11.14% 0.48x 2.51x CA$36.42 Million
2010 8.36% 7.48% 0.49x 2.27x CA$-19.84 Million
2011 6.83% 7.25% 0.36x 2.61x CA$-42.94 Million
2012 5.96% 8.18% 0.24x 3.02x CA$-79.21 Million
2013 7.20% 9.80% 0.28x 2.61x CA$-78.07 Million
2014 3.67% 5.42% 0.29x 2.38x CA$-224.01 Million
2015 1.23% 2.35% 0.22x 2.42x CA$-365.70 Million
2016 4.44% 9.25% 0.22x 2.23x CA$-254.56 Million
2017 2.00% 3.50% 0.26x 2.19x CA$-365.74 Million
2018 -6.20% -10.39% 0.18x 3.35x CA$-1.14 Billion
2019 11.55% 15.14% 0.28x 2.74x CA$112.01 Million
2020 7.84% 9.78% 0.26x 3.06x CA$-152.10 Million
2021 4.07% 2.66% 0.49x 3.11x CA$-411.90 Million
2022 7.01% 3.63% 0.60x 3.21x CA$-222.60 Million
2023 8.73% 5.22% 0.55x 3.04x CA$-98.30 Million
2024 6.81% 4.79% 0.48x 2.98x CA$-279.20 Million

Industry Comparison

This section compares AltaGas Ltd's net assets metrics with peer companies in the Oil & Gas Midstream industry.

Industry Context

  • Industry: Oil & Gas Midstream
  • Average net assets among peers: $959,622,216
  • Average return on equity (ROE) among peers: 9.07%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
AltaGas Ltd (ALA) CA$9.09 Billion 5.43% 1.86x $11.00 Billion
Gibson Energy Inc. (GEI) $912.47 Million 23.48% 4.42x $3.24 Billion
Keyera Corp. (KEY) $2.48 Billion 11.69% 1.37x $8.22 Billion
Source Rock Royalties Ltd (SRR) $25.72 Million 5.81% 0.03x $31.98 Million
Topaz Energy Corp (TPZ) $1.01 Billion 0.31% 0.04x $3.29 Billion
Tidewater Midstream and Infrastructure Ltd (TWM) $374.92 Million 4.04% 0.55x $121.58 Million

About AltaGas Ltd

TO:ALA Canada Oil & Gas Midstream
Market Cap
$11.00 Billion
CA$15.21 Billion CAD
Market Cap Rank
#1901 Global
#29 in Canada
Share Price
CA$48.89
Change (1 day)
-1.27%
52-Week Range
CA$37.27 - CA$49.52
All Time High
CA$49.52
Categories
Companies in Canada Oil & Gas Midstream
About

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 franchised, cost-of-service, rate-regulated natural gas distribution and storage utilities in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia serving approximately 1.6 million customers. Th… Read more