Companhia de Eletricidade do Estado da Bahia � Coelba (BSP:CEEB3) LT-Debt-to-Total-Asset : 0.41 (As of Mar. 2024)

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What is Companhia de Eletricidade do Estado da Bahia � Coelba LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Companhia de Eletricidade do Estado da Bahia � Coelba's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.41.

Companhia de Eletricidade do Estado da Bahia � Coelba's long-term debt to total assets ratio increased from Mar. 2023 (0.40) to Mar. 2024 (0.41). It may suggest that Companhia de Eletricidade do Estado da Bahia � Coelba is progressively becoming more dependent on debt to grow their business.

Companhia de Eletricidade do Estado da Bahia � Coelba LT-Debt-to-Total-Asset Historical Data

The historical data trend for Companhia de Eletricidade do Estado da Bahia � Coelba's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Companhia de Eletricidade do Estado da Bahia � Coelba LT-Debt-to-Total-Asset Chart

Companhia de Eletricidade do Estado da Bahia � Coelba Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.37

0.32

0.41

0.43

0.42

Companhia de Eletricidade do Estado da Bahia � Coelba Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.40	0.38	0.39	0.42	0.41

Companhia de Eletricidade do Estado da Bahia � Coelba LT-Debt-to-Total-Asset Calculation

Companhia de Eletricidade do Estado da Bahia � Coelba's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	11592	/	27883
	=	0.42

Companhia de Eletricidade do Estado da Bahia � Coelba's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	11591	/	28531
	=	0.41

Companhia de Eletricidade do Estado da Bahia � Coelba (BSP:CEEB3) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Companhia de Eletricidade do Estado da Bahia � Coelba LT-Debt-to-Total-Asset Related Terms

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Companhia de Eletricidade do Estado da Bahia � Coelba (BSP:CEEB3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Companhia de Eletricidade do Estado da Bahia � Coelba (BSP:CEEB3) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CEEB5:Brazil

Address

Av Edgar Santos 300, Bloco A/1 Andar, Salvador, BA, BRA, 41186900

Website

http://www.coelba.com.br

Companhia de Eletricidade do Estado da Bahia - Coelba is a Neoenergia group that distributes electricity.

Companhia de Eletricidade do Estado da Bahia � Coelba (BSP:CEEB3) Headlines

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