CU (TSX:CIU.PR.C.PFD) Debt-to-Asset : 0.47 (As of Dec. 2023)

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What is CU Debt-to-Asset?

CU's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$121.00 Mil. CU's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$8,621.00 Mil. CU's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was C$18,500.00 Mil. CU's debt to asset for the quarter that ended in Dec. 2023 was 0.47.

CU Debt-to-Asset Historical Data

The historical data trend for CU'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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CU Debt-to-Asset Chart

CU Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.49

0.48

0.49

0.47

CU Quarterly Data
	Dec16	Dec17	Dec18	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															0.47	0.47	0.47	0.48	0.47

Competitive Comparison of CU's Debt-to-Asset

For the Utilities - Diversified subindustry, CU'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.

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

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

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

CU Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

CU'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
	=	(121	+	8621)	/	18500
	=	0.47

CU'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
	=	(121	+	8621)	/	18500
	=	0.47

CU (TSX:CIU.PR.C.PFD) 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.

CU Debt-to-Asset Related Terms

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CU (TSX:CIU.PR.C.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CU Inc (TSX:CIU.PR.C.PFD) » Definitions » Debt-to-Asset

Comparable Companies

TSXV:OEG TSX:JE TSX:SPB TSX:ACO.Y TSX:EMA TSX:CU.X TSX:BIP.UN

Traded in Other Exchanges

CIU.PR.A.PFD:Canada

Address

5302 Forand Street SW, 4th Floor, West Building, Calgary, AB, CAN, T3E 8B4

Website

https://www.canadianutilities.com

CU Inc is engaged in the transmission and distribution of electricity and natural gas. It operates through Electricity and Natural gas segments. The Electricity segment provides regulated electricity transmission, distribution and related infrastructure solutions in northern and central east Alberta, the Yukon and the Northwest Territories. The Natural Gas segment provides integrated natural gas transmission, distribution and related infrastructure development throughout Alberta and in the Lloydminster area of Saskatchewan.

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