TACTransAlta Corporation

$12.65

Is it safe?

Can TAC take a bad year?

TransAlta Corporation carries $3.56B of net debt at 4.95× EBITDA: a heavy load to carry through a bad year.

$3.56B

Net debt · as at FY2025 · over four years of earnings before interest, tax and depreciation, heavy

Net debt / EBITDA
4.95×

Net debt / EBITDA · 3.62× a year ago · the load is going up

Interest cover
0.40×

Interest cover · operating profit barely covers the interest bill

Annualised volatility
43%

Annualised volatility · roughly twice as jumpy as the market

Details
Total debtFY2025
$3.76B
Cash and short-term investments
$205M
Net debt
$3.56B
EBITDA, trailing twelve months
$719M
Operating profit, trailing twelve months
$140M
Debt / equity
2.69×
Total debt / EBITDA
5.23×
Annualised volatilitytwo years of daily moves
43%
Worst drawdown on file
−55%
Below its 52-week high
−28%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.