Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Debt-to-Asset : 0.34 (As of Dec. 2023)

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What is Compania deneamento de Minas Gerais - COPASA MG Debt-to-Asset?

Compania deneamento de Minas Gerais - COPASA MG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$729 Mil. Compania deneamento de Minas Gerais - COPASA MG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$4,107 Mil. Compania deneamento de Minas Gerais - COPASA MG's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was R$14,190 Mil. Compania deneamento de Minas Gerais - COPASA MG's debt to asset for the quarter that ended in Dec. 2023 was 0.34.

Compania deneamento de Minas Gerais - COPASA MG Debt-to-Asset Historical Data

The historical data trend for Compania deneamento de Minas Gerais - COPASA MG'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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Compania deneamento de Minas Gerais - COPASA MG Debt-to-Asset Chart

Compania deneamento de Minas Gerais - COPASA MG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.29

0.33

0.32

0.34

Compania deneamento de Minas Gerais - COPASA MG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.32	0.31	0.30	0.34	0.34

Competitive Comparison of Compania deneamento de Minas Gerais - COPASA MG's Debt-to-Asset

For the Utilities - Regulated Water subindustry, Compania deneamento de Minas Gerais - COPASA MG'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.

Compania deneamento de Minas Gerais - COPASA MG's Debt-to-Asset Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Compania deneamento de Minas Gerais - COPASA MG's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Compania deneamento de Minas Gerais - COPASA MG's Debt-to-Asset falls into.

Compania deneamento de Minas Gerais - COPASA MG Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Compania deneamento de Minas Gerais - COPASA MG's Debt-to-Asset for the fiscal year that ended in Dec. 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
	=	(729.187	+	4106.605)	/	14189.863
	=	0.34

Compania deneamento de Minas Gerais - COPASA MG's Debt-to-Asset for the quarter that ended in Dec. 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
	=	(729.187	+	4106.605)	/	14189.863
	=	0.34

Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) 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.

Compania deneamento de Minas Gerais - COPASA MG Debt-to-Asset Related Terms

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Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Compania de Saneamento de Minas Gerais - COPASA MG (BSP:CSMG3) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Mar de Espanha 525, Santo Antonio, Belo Horizonte, MG, BRA, 30330900

Website

http://www.copasa.com.br

COPASA MG provides water supply, sewage, and solid waste services. The company operates out of subsidiaries COPASA Serviços de Irrigaçao S.A., COPASA Aguas Minerais de Minas S.A, and COPANOR. COPASA Serviços de Irrigaçao S.A. manages, performs, and sells irrigation system services. COPASA Águas Minerais de Minas S.A. produces, bottles, distributes, and sells mineral water. COPANOR provides water supply and sewage treatment services across the North and Northeast regions of the State of Minas Gerais. A majority of revenue is derived from water services while the rest is derived from sewage services. The company operates out of Brazil, where a significant amount of revenue is generated.

Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Headlines

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