AltaGas Ltd
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
AltaGas Ltd (ATGFF) - Total Assets
Latest total assets as of September 2025: $26.01 Billion USD
Based on the latest financial reports, AltaGas Ltd (ATGFF) holds total assets worth $26.01 Billion USD as of September 2025.
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.
AltaGas Ltd - Total Assets Trend (1998–2024)
This chart illustrates how AltaGas Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
AltaGas Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
AltaGas Ltd's total assets of $26.01 Billion consist of 10.8% current assets and 89.2% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.3% |
| Accounts Receivable | $1.77 Billion | 6.8% |
| Inventory | $676.00 Million | 2.6% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $138.00 Million | 0.5% |
| Goodwill | $5.69 Billion | 21.8% |
Asset Composition Trend (1998–2024)
This chart illustrates how AltaGas Ltd'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: AltaGas Ltd's current assets represent 10.8% of total assets in 2024, an increase from 10.7% in 1998.
- Cash Position: Cash and equivalents constituted 0.3% of total assets in 2024, up from 0.0% in 1998.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 21.0% of total assets, an increase from 0.0% in 1998.
- Asset Diversification: The largest asset category is goodwill at 21.8% of total assets.
AltaGas Ltd Competitors by Total Assets
Key competitors of AltaGas Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Senton Energy Co. Ltd. A
SHE:001331
|
China | CN¥1.68 Billion |
|
Shaanxi Provincial Natural Gas Co Ltd
SHE:002267
|
China | CN¥13.96 Billion |
|
Zhuhai Winbase International Chemical Tank Terminal Co Ltd
SHE:002492
|
China | CN¥2.32 Billion |
|
HENGYANG PETROCHEM (5HY.SG)
STU:5HY
|
Germany | €535.36 Million |
|
Shanxi Guoxin Energy Co Ltd A
SHG:600617
|
China | CN¥25.35 Billion |
|
Nanjing Tanker Corp
SHG:601975
|
China | CN¥13.19 Billion |
|
China Merchants Energy Shipping Co Ltd
SHG:601872
|
China | CN¥77.88 Billion |
|
Anhui Province Natural Gas Development Co Ltd
SHG:603689
|
China | CN¥7.57 Billion |
AltaGas Ltd - 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
Moderate asset utilization - AltaGas Ltd generates 0.48x 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, AltaGas Ltd generates $ 2.28 in net profit.
AltaGas Ltd - 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 | 0.88 | 1.03 | 0.96 |
| Quick Ratio | 0.63 | 0.79 | 0.71 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-338.00 Million | $ 86.00 Million | $ -110.00 Million |
AltaGas Ltd - Advanced Valuation Insights
This section examines the relationship between AltaGas Ltd'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 | 0.31 |
| Asset Growth Rate (YoY) | 11.2% |
| Total Assets | $26.09 Billion |
| Market Capitalization | $8.06 Billion USD |
Valuation Analysis
Below Book Valuation: The market values AltaGas Ltd's assets below their book value (0.31 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: AltaGas Ltd's assets grew by 11.2% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for AltaGas Ltd (1998–2024)
The table below shows the annual total assets of AltaGas Ltd from 1998 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $26.09 Billion | +11.17% |
| 2023-12-31 | $23.47 Billion | -2.06% |
| 2022-12-31 | $23.96 Billion | +10.99% |
| 2021-12-31 | $21.59 Billion | +0.28% |
| 2020-12-31 | $21.53 Billion | +8.78% |
| 2019-12-31 | $19.79 Billion | -15.72% |
| 2018-12-31 | $23.49 Billion | +134.12% |
| 2017-12-31 | $10.03 Billion | -1.65% |
| 2016-12-31 | $10.20 Billion | +1.00% |
| 2015-12-31 | $10.10 Billion | +20.04% |
| 2014-12-31 | $8.41 Billion | +15.55% |
| 2013-12-31 | $7.28 Billion | +23.16% |
| 2012-12-31 | $5.91 Billion | +66.89% |
| 2011-12-31 | $3.54 Billion | +28.74% |
| 2010-12-31 | $2.75 Billion | +4.66% |
| 2009-12-31 | $2.63 Billion | +21.52% |
| 2008-12-31 | $2.16 Billion | +80.33% |
| 2007-12-31 | $1.20 Billion | +8.13% |
| 2006-12-31 | $1.11 Billion | +3.86% |
| 2005-12-31 | $1.07 Billion | -3.63% |
| 2004-12-31 | $1.11 Billion | +20.60% |
| 2003-12-31 | $919.26 Million | +3.38% |
| 2002-12-31 | $889.20 Million | +25.42% |
| 2001-12-31 | $709.00 Million | +24.08% |
| 2000-12-31 | $571.42 Million | +33.14% |
| 1999-12-31 | $429.20 Million | +32.92% |
| 1998-12-31 | $322.90 Million | -- |