Companhia de Eletricidade do Estado da Bahia – Coelba (BSP:CEEB3) Debt-to-Equity: 2.67 (As of Mar. 2026) — 54% Above Median

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BSP:CEEB3 Companhia de Eletricidade do Estado da Bahia – Coelba BSP:CEEB3
76 GF Score
Price R$47.13
GF Value R$46.55
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Companhia de Eletricidade do Estado da Bahia – Coelba Debt-to-Equity?

Companhia de Eletricidade do Estado da Bahia – Coelba BSP:CEEB3 76 Debt-to-Equity is 2.67 as of Mar. 2026, which is 54% above its 10-year median of 1.73. GuruFocus rates BSP:CEEB3 with a GF Score™ of 76/100 and a GF Value™ of R$46.55 (Fairly Valued). The stock has 6 warning signs investors should review. Among 473 Utilities - Regulated companies, Companhia de Eletricidade do Estado da Bahia – Coelba ranks worse than 91.33% on this metric.

Companhia de Eletricidade do Estado da Bahia – Coelba's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was R$2,087 Mil. Companhia de Eletricidade do Estado da Bahia – Coelba's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was R$19,582 Mil. Companhia de Eletricidade do Estado da Bahia – Coelba's Total Stockholders Equity for the quarter that ended in Mar. 2026 was R$8,110 Mil. Companhia de Eletricidade do Estado da Bahia – Coelba's debt to equity for the quarter that ended in Mar. 2026 was 2.67.

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 Companhia de Eletricidade do Estado da Bahia – Coelba's Debt-to-Equity or its related term are showing as below:

BSP:CEEB3' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.21   Med: 1.73   Max: 2.67
Current: 2.67

During the past 13 years, the highest Debt-to-Equity Ratio of Companhia de Eletricidade do Estado da Bahia – Coelba was 2.67. The lowest was 1.21. And the median was 1.73.

BSP:CEEB3's Debt-to-Equity is ranked worse than
91.33% of 473 companies
in the Utilities - Regulated industry
Industry Median: 0.99 vs BSP:CEEB3: 2.67

Companhia de Eletricidade do Estado da Bahia – Coelba  (BSP:CEEB3) 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.


Companhia de Eletricidade do Estado da Bahia – Coelba Debt-to-Equity Related Terms


Companhia de Eletricidade do Estado da Bahia – Coelba Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Companhia de Eletricidade do Estado da Bahia – Coelba'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.

Companhia de Eletricidade do Estado da Bahia – Coelba Debt-to-Equity Chart

Companhia de Eletricidade do Estado da Bahia – Coelba Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.85 2.23 2.22 2.20 2.59

Companhia de Eletricidade do Estado da Bahia – Coelba Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.98 1.84 1.98 2.59 2.67

BSP:CEEB3 vs NEE, SO, DUK: Debt-to-Equity Comparison

For the Utilities - Regulated Electric subindustry, Companhia de Eletricidade do Estado da Bahia – Coelba'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.


Companhia de Eletricidade do Estado da Bahia – Coelba Debt-to-Equity vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Companhia de Eletricidade do Estado da Bahia – Coelba's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Companhia de Eletricidade do Estado da Bahia – Coelba's Debt-to-Equity falls into.


BSP:CEEB3
76GF Score
Companhia de Eletricidade do Estado da Bahia – Coelba BSP:CEEB3
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Companhia de Eletricidade do Estado da Bahia – Coelba Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Companhia de Eletricidade do Estado da Bahia – Coelba's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Companhia de Eletricidade do Estado da Bahia – Coelba's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 2.67 mean?
Companhia de Eletricidade do Estado da Bahia – Coelba (BSP:CEEB3) has a Debt-to-Equity of 2.67 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Companhia de Eletricidade do Estado da Bahia – Coelba and its competitors. This is 54% above median its historical median of 1.73. Over the past decade, Companhia de Eletricidade do Estado da Bahia – Coelba's Debt-to-Equity has ranged from 1.21 to 2.67. According to the industry distribution chart, Companhia de Eletricidade do Estado da Bahia – Coelba ranks #432 out of 473 companies in the Utilities - Regulated industry, placing it in the top 91.3%.
Is Companhia de Eletricidade do Estado da Bahia – Coelba's Debt-to-Equity too high?
Companhia de Eletricidade do Estado da Bahia – Coelba's current Debt-to-Equity of 2.67 is 54% above median its 10-year median of 1.73. Over the past 10 years, this metric has ranged from a low of 1.21 to a high of 2.67. The Utilities - Regulated industry median Debt-to-Equity is 0.99. Companhia de Eletricidade do Estado da Bahia – Coelba's value of 2.67 is 169.7% above this industry median. Based on the distribution chart, Companhia de Eletricidade do Estado da Bahia – Coelba ranks #432 out of 473 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Companhia de Eletricidade do Estado da Bahia – Coelba has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Companhia de Eletricidade do Estado da Bahia – Coelba's Debt-to-Equity compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Companhia de Eletricidade do Estado da Bahia – Coelba ranks #432 out of 473 companies for Debt-to-Equity. This places Companhia de Eletricidade do Estado da Bahia – Coelba in the lower half of its industry. The industry median Debt-to-Equity is 0.99. Companhia de Eletricidade do Estado da Bahia – Coelba's value of 2.67 is 169.7% above this benchmark. Historically, Companhia de Eletricidade do Estado da Bahia – Coelba's own Debt-to-Equity has ranged from 1.21 to 2.67 over the past decade. While the company's 10-year median is 1.73 vs. the industry median of 0.99, Companhia de Eletricidade do Estado da Bahia – Coelba has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Utilities - Regulated company?
The median Debt-to-Equity among Utilities - Regulated companies is 0.99, based on 473 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Companhia de Eletricidade do Estado da Bahia – Coelba's current Debt-to-Equity of 2.67 is 169.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Companhia de Eletricidade do Estado da Bahia – Coelba and its competitors. For the Utilities - Regulated industry, the median Debt-to-Equity is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Companhia de Eletricidade do Estado da Bahia – Coelba's current Debt-to-Equity is 2.67, which is 54% above median its own 10-year median of 1.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Companhia de Eletricidade do Estado da Bahia – Coelba stock overvalued right now?
Based on GuruFocus' analysis, Companhia de Eletricidade do Estado da Bahia – Coelba (BSP:CEEB3) is currently considered Fairly Valued. The stock's GF Value™ is R$46.55, compared to a current price of R$47.13 — trading 1.2% above its estimated fair value. The current Debt-to-Equity is 2.67, which is 54% above median its 10-year median of 1.73 and 169.7% above the Utilities - Regulated industry median of 0.99. Companhia de Eletricidade do Estado da Bahia – Coelba's overall GF Score™ is 76/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Companhia de Eletricidade do Estado da Bahia – Coelba (BSP:CEEB3), the current Debt-to-Equity is 2.67 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Companhia de Eletricidade do Estado da Bahia – Coelba (BSP:CEEB3) Overvalued in 2026?

Based on GuruFocus' analysis, Companhia de Eletricidade do Estado da Bahia – Coelba stock appears to be overvalued. The current stock price of R$47.13 is trading 1.2% above its estimated GF Value™ of R$46.55. GuruFocus considers Companhia de Eletricidade do Estado da Bahia – Coelba to be Fairly Valued.

Key valuation signals for BSP:CEEB3:

  • Debt-to-Equity: 2.67 (54% above median its 10-year median of 1.73)
  • GF Value™: R$46.55 vs. price of R$47.13 (1.2% above fair value)
  • GF Score™: 76/100 with 6 warning signs
  • Industry Position: 169.7% above the Utilities - Regulated median (#432 of 473)

No single metric tells the full story. See the BSP:CEEB3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Companhia de Eletricidade do Estado da Bahia – Coelba Business Description

Other Exchanges CEEB5:Brazil
Address Av Edgar Santos 300, Bloco A/1 Andar, Salvador, BA, BRA, 41186900
Companhia de Eletricidade do Estado da Bahia - Coelba is a Neoenergia group that distributes electricity.
76GF Score

Get the complete analysis for BSP:CEEB3

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$47.13
Price
R$46.55
GF Value