CPFL Energia (CPFL Energia) LT-Debt-to-Total-Asset : 0.29 (As of Dec. 2023)

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What is CPFL Energia 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. CPFL Energia's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.29.

CPFL Energia's long-term debt to total assets ratio declined from Dec. 2022 (0.33) to Dec. 2023 (0.29). It may suggest that CPFL Energia is progressively becoming less dependent on debt to grow their business.

CPFL Energia LT-Debt-to-Total-Asset Historical Data

The historical data trend for CPFL Energia'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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CPFL Energia LT-Debt-to-Total-Asset Chart

CPFL Energia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.35

0.30

0.32

0.33

0.29

CPFL Energia Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.33	0.32	0.29	0.29	0.29

CPFL Energia LT-Debt-to-Total-Asset Calculation

CPFL Energia'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 )
	=	4474.581	/	15300.875
	=	0.29

CPFL Energia's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	4474.581	/	15300.875
	=	0.29

CPFL Energia (NYSE:CPL) 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.

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CPFL Energia (CPFL Energia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CPFL Energia SA (NYSE:CPL) » Definitions » LT-Debt-to-Total-Asset

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CPFE3:Brazil

Address

Rua Jorge Figueiredo Corrêa, No 1.632, Jardim Professora Tarcília, Campinas, Sao Paulo, SP, BRA, 13087-397

Website

https://www.cpfl.com.br

CPFL Energia SA is the holding company of the CPFL Group, operating in Brazil's electricity sector, implementing and operating projects and concessions in the energy distribution, generation, transmission, and trading segments and related activities through its subsidiaries and affiliate companies. The Group's operating segments are electric energy distribution, electric energy generation, electric energy commercialization, and services rendered activities. It derives a majority of its revenue from the distribution segment.