CIA Energetica Do Rio Grande Norte - COSERN (BSP:CSRN5) Debt-to-Equity : 1.83 (As of Jun. 2024)

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What is CIA Energetica Do Rio Grande Norte - COSERN Debt-to-Equity?

CIA Energetica Do Rio Grande Norte - COSERN's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was R$222 Mil. CIA Energetica Do Rio Grande Norte - COSERN's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was R$2,809 Mil. CIA Energetica Do Rio Grande Norte - COSERN's Total Stockholders Equity for the quarter that ended in Jun. 2024 was R$1,654 Mil. CIA Energetica Do Rio Grande Norte - COSERN's debt to equity for the quarter that ended in Jun. 2024 was 1.83.

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 Rio Grande Norte - COSERN's Debt-to-Equity or its related term are showing as below:

BSP:CSRN5' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.81 Med: 1.53 Max: 2.32
Current: 1.83

During the past 13 years, the highest Debt-to-Equity Ratio of CIA Energetica Do Rio Grande Norte - COSERN was 2.32. The lowest was 0.81. And the median was 1.53.

BSP:CSRN5's Debt-to-Equity is not ranked
in the Utilities - Regulated industry.
Industry Median: 0.87 vs BSP:CSRN5: 1.83

CIA Energetica Do Rio Grande Norte - COSERN Debt-to-Equity Historical Data

The historical data trend for CIA Energetica Do Rio Grande Norte - COSERN'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 Rio Grande Norte - COSERN Debt-to-Equity Chart

CIA Energetica Do Rio Grande Norte - COSERN Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.60

1.28

1.43

1.74

1.77

CIA Energetica Do Rio Grande Norte - COSERN Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															1.68	2.08	1.77	1.56	1.83

Competitive Comparison of CIA Energetica Do Rio Grande Norte - COSERN's Debt-to-Equity

For the Utilities - Regulated Electric subindustry, CIA Energetica Do Rio Grande Norte - COSERN'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 Rio Grande Norte - COSERN's Debt-to-Equity Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where CIA Energetica Do Rio Grande Norte - COSERN's Debt-to-Equity falls into.

CIA Energetica Do Rio Grande Norte - COSERN Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CIA Energetica Do Rio Grande Norte - COSERN'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
	=	(593	+	2137)	/	1546
	=	1.77

CIA Energetica Do Rio Grande Norte - COSERN's Debt to Equity Ratio for the quarter that ended in Jun. 2024 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
	=	(222	+	2809)	/	1654
	=	1.83

CIA Energetica Do Rio Grande Norte - COSERN (BSP:CSRN5) 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 Rio Grande Norte - COSERN Debt-to-Equity Related Terms

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CIA Energetica Do Rio Grande Norte - COSERN Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CIA Energetica Do Rio Grande Norte - COSERN (BSP:CSRN5) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Mermoz 150, Natal, RN, BRA, 59025250

Website

http://www.cosern.com.br

CIA Energetica Do Rio Grande Norte - COSERN is a holding company in Brazil. The Company, through its subsidiaries, is mainly engaged in distribution, transmission, generation and marketing of electricity. The company operates as a public service concessionary of electrical power, aimed to study, project, construct and explore systems of production, transmission, transformation, distribution and commercialization of electrical energy and other alternative energy sources, renewable and nonrenewable.

CIA Energetica Do Rio Grande Norte - COSERN Headlines

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