CIA Energetica Do Ceara - COELCE (BSP:COCE5) Debt-to-Equity : 1.41 (As of Dec. 2023)

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What is CIA Energetica Do Ceara - COELCE Debt-to-Equity?

CIA Energetica Do Ceara - COELCE's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$2,763 Mil. CIA Energetica Do Ceara - COELCE's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$3,129 Mil. CIA Energetica Do Ceara - COELCE's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$4,191 Mil. CIA Energetica Do Ceara - COELCE's debt to equity for the quarter that ended in Dec. 2023 was 1.41.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for CIA Energetica Do Ceara - COELCE's Debt-to-Equity or its related term are showing as below:

BSP:COCE5' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.47 Med: 0.72 Max: 1.41
Current: 1.41

During the past 13 years, the highest Debt-to-Equity Ratio of CIA Energetica Do Ceara - COELCE was 1.41. The lowest was 0.47. And the median was 0.72.

BSP:COCE5's Debt-to-Equity is ranked worse than
70.46% of 474 companies
in the Utilities - Regulated industry
Industry Median: 0.84 vs BSP:COCE5: 1.41

CIA Energetica Do Ceara - COELCE Debt-to-Equity Historical Data

The historical data trend for CIA Energetica Do Ceara - COELCE's Debt-to-Equity 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.

* Premium members only.

CIA Energetica Do Ceara - COELCE Debt-to-Equity Chart

CIA Energetica Do Ceara - COELCE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.71

0.77

1.07

1.19

1.41

CIA Energetica Do Ceara - COELCE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.19	1.25	1.47	1.38	1.41

Competitive Comparison of CIA Energetica Do Ceara - COELCE's Debt-to-Equity

For the Utilities - Regulated Electric subindustry, CIA Energetica Do Ceara - COELCE's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CIA Energetica Do Ceara - COELCE's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, CIA Energetica Do Ceara - COELCE's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CIA Energetica Do Ceara - COELCE's Debt-to-Equity falls into.

CIA Energetica Do Ceara - COELCE Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CIA Energetica Do Ceara - COELCE's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2763.271	+	3129.284)	/	4191.147
	=	1.41

CIA Energetica Do Ceara - COELCE's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2763.271	+	3129.284)	/	4191.147
	=	1.41

CIA Energetica Do Ceara - COELCE (BSP:COCE5) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

CIA Energetica Do Ceara - COELCE Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of CIA Energetica Do Ceara - COELCE's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

CIA Energetica Do Ceara - COELCE (BSP:COCE5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CIA Energetica Do Ceara - COELCE (BSP:COCE5) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

COCE3:Brazil

Address

R Padre Valdevino 150, Fortaleza, CE, BRA, 60135040

Website

https://www.coelce.com.br

CIA Energetica Do Ceara - COELCE is primarily engaged in the generation and sale of electricity business activities. It also involved in development, distribution, and marketing of electrical power. In addition, the company involved in the distribution of electrical power for industrial, rural, public and residential consumption. It derives most of its revenues from the sale of the electricity business activities and has operations spread across Brazil.

CIA Energetica Do Ceara - COELCE (BSP:COCE5) Headlines

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