Altus Power Inc
Altus Power, Inc., a clean electrification company, develops, constructs, owns, and operates roof, ground, and carport-based photovoltaic solar energy generation and storage systems in the United States. It serves commercial, industrial, public sector, and community solar customers. Altus Power, Inc. was founded in 2013 and is headquartered in Stamford, Connecticut.
Altus Power Inc (AMPS) - Total Assets
Latest total assets as of December 2024: $2.35 Billion USD
Based on the latest financial reports, Altus Power Inc (AMPS) holds total assets worth $2.35 Billion USD as of December 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Altus Power Inc - Total Assets Trend (2019–2024)
This chart illustrates how Altus Power Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Altus Power Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Altus Power Inc's total assets of $2.35 Billion consist of 6.1% current assets and 93.9% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 4.5% |
| Accounts Receivable | $21.81 Million | 0.9% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $51.24 Million | 2.2% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2019–2024)
This chart illustrates how Altus Power Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Altus Power Inc's current assets represent 6.1% of total assets in 2024, a decrease from 9.6% in 2019.
- Cash Position: Cash and equivalents constituted 4.5% of total assets in 2024, down from 7.1% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 2.0% of total assets, unchanged from 2.0% in 2019.
- Asset Diversification: The largest asset category is intangible assets at 2.2% of total assets.
Altus Power Inc Competitors by Total Assets
Key competitors of Altus Power Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Tunghsu Azure Renewable Energy Co Ltd
SHE:000040
|
China | CN¥23.04 Billion |
|
Tianjin Guangyu Development Co Ltd
SHE:000537
|
China | CN¥94.26 Billion |
|
CECEP Solar Energy Co Ltd
SHE:000591
|
China | CN¥52.84 Billion |
|
GEPIC Energy Development Co Ltd
SHE:000791
|
China | CN¥38.52 Billion |
|
Tieling Newcity Investment Holding Ltd
SHE:000809
|
China | CN¥2.91 Billion |
|
Hubei Energy Group Co Ltd
SHE:000883
|
China | CN¥95.95 Billion |
|
Fujian MinDong Electric Power Co Ltd
SHE:000993
|
China | CN¥3.76 Billion |
|
Xinjiang Lixin Energy Co. Ltd. A
SHE:001258
|
China | CN¥16.78 Billion |
Altus Power Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Altus Power Inc generates 0.08x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Altus Power Inc generates $ 0.76 in net profit.
Altus Power Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.44 | 2.15 | 1.03 |
| Quick Ratio | 0.44 | 2.15 | 1.03 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-185.97 Million | $ 122.29 Million | $ 1.34 Million |
Altus Power Inc - Advanced Valuation Insights
This section examines the relationship between Altus Power Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.76 |
| Latest Market Cap to Assets Ratio | 0.11 |
| Asset Growth Rate (YoY) | 12.4% |
| Total Assets | $2.35 Billion |
| Market Capitalization | $266.49 Million USD |
Valuation Analysis
Below Book Valuation: The market values Altus Power Inc's assets below their book value (0.11 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Altus Power Inc's assets grew by 12.4% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Altus Power Inc (2019–2024)
The table below shows the annual total assets of Altus Power Inc from 2019 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $2.35 Billion | +12.37% |
| 2023-12-31 | $2.09 Billion | +51.82% |
| 2022-12-31 | $1.38 Billion | +23.68% |
| 2021-12-31 | $1.11 Billion | +91.42% |
| 2020-12-31 | $581.56 Million | +55.86% |
| 2019-12-31 | $373.13 Million | -- |