Promigas (BOG:PROMIGAS) Debt-to-Asset : 0.52 (As of Sep. 2023)

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What is Promigas Debt-to-Asset?

Promigas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was COP1,187,349 Mil. Promigas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was COP7,853,196 Mil. Promigas's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2023 was COP17,438,640 Mil. Promigas's debt to asset for the quarter that ended in Sep. 2023 was 0.52.

Promigas Debt-to-Asset Historical Data

The historical data trend for Promigas's Debt-to-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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Promigas Debt-to-Asset Chart

Promigas Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Asset

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0.53

0.54

0.51

0.54

Promigas Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Asset	Get a 7-Day Free Trial															0.50	0.54	0.54	0.52	0.52

Competitive Comparison of Promigas's Debt-to-Asset

For the Utilities - Regulated Gas subindustry, Promigas's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Promigas's Debt-to-Asset Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Promigas's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Promigas's Debt-to-Asset falls into.

Promigas Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Promigas's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1261154.667	+	8786100.995)	/	18615781.899
	=	0.54

Promigas's Debt-to-Asset for the quarter that ended in Sep. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1187348.625	+	7853196.13)	/	17438639.949
	=	0.52

Promigas (BOG:PROMIGAS) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Promigas Debt-to-Asset Related Terms

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Promigas (BOG:PROMIGAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Promigas SA (BOG:PROMIGAS) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Calle 66 No. 67 - 123, Barranquilla, COL

Website

https://www.promigas.com

Promigas SA is engaged in the purchase, sale, transportation, distribution, exploitation, and exploration of natural gas, oil, and hydrocarbons in general, and the gas and oil activities in all their forms. It operates in five segments: Gas transportation, Gas distribution, Integrated solutions for the industry and power generation, Power distribution, and Non-bank financing. The transmission business consists of natural gas transmission, energy generation, and liquid natural gas. The distribution business consists of natural gas distribution, non-banking financing, and electrical power distribution. The company generates the majority of its revenue from the transport and distribution of natural gas.

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