APRDN.PFD (Alabama Power Co) LT-Debt-to-Total-Asset : 0.29 (As of Jun. 2022)

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What is Alabama Power Co LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Alabama Power Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2022 was 0.29.

Alabama Power Co's long-term debt to total assets ratio increased from Jun. 2021 (0.28) to Jun. 2022 (0.29). It may suggest that Alabama Power Co is progressively becoming more dependent on debt to grow their business.

Alabama Power Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Alabama Power Co's LT-Debt-to-Total-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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Alabama Power Co LT-Debt-to-Total-Asset Chart

Alabama Power Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

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0.32

0.30

0.29

0.28

0.27

Alabama Power Co Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.28	0.26	0.27	0.29	0.29

Alabama Power Co LT-Debt-to-Total-Asset Calculation

Alabama Power Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	9002	/	32982
	=	0.27

Alabama Power Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2022 is calculated as

LT Debt to Total Assets (Q: Jun. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2022 )	/	Total Assets (Q: Jun. 2022 )
	=	9699	/	33910
	=	0.29

Alabama Power Co (OTCPK:APRDN.PFD) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Alabama Power Co LT-Debt-to-Total-Asset Related Terms

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Alabama Power Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Alabama Power Co (OTCPK:APRDN.PFD) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

600 North 18th Street, Birmingham, AL, USA, 35291

Website

http://www.alabamapower.com

Alabama Power Co operates in the utility sector. The company supplies electricity and stellar service to homes, businesses and industries in the southern two-thirds of Alabama.

Alabama Power Co Headlines

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