BGLEP.PFD (Baltimore Gas & Electric Co) LT-Debt-to-Total-Asset : 0.20 (As of Jun. 2016)

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What is Baltimore Gas & Electric 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. Baltimore Gas & Electric Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2016 was 0.20.

Baltimore Gas & Electric Co's long-term debt to total assets ratio declined from Jun. 2015 (0.26) to Jun. 2016 (0.20). It may suggest that Baltimore Gas & Electric Co is progressively becoming less dependent on debt to grow their business.

Baltimore Gas & Electric Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Baltimore Gas & Electric 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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Baltimore Gas & Electric Co LT-Debt-to-Total-Asset Chart

Baltimore Gas & Electric Co Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

LT-Debt-to-Total-Asset

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0.30

0.26

0.28

0.26

0.21

Baltimore Gas & Electric Co Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.26	0.26	0.21	0.21	0.20

Baltimore Gas & Electric Co LT-Debt-to-Total-Asset Calculation

Baltimore Gas & Electric Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2015 is calculated as

LT Debt to Total Assets (A: Dec. 2015 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2015 )	/	Total Assets (A: Dec. 2015 )
	=	1732	/	8295
	=	0.21

Baltimore Gas & Electric Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2016 is calculated as

LT Debt to Total Assets (Q: Jun. 2016 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2016 )	/	Total Assets (Q: Jun. 2016 )
	=	1692	/	8325
	=	0.20

Baltimore Gas & Electric Co (OTCPK:BGLEP.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.

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Baltimore Gas & Electric Co Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Baltimore Gas & Electric Co (OTCPK:BGLEP.PFD) » Definitions » LT-Debt-to-Total-Asset

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Baltimore Gas and Electric Company is a Maryland Corporation. It is an electric transmission and distribution utility company and a gas distribution utility company with a service territory that covers the City of Baltimore and all or part of ten counties in central Maryland. It is regulated by the Maryland PSC and Federal Energy Regulatory Commission (FERC) with respect to rates and other aspects of its business. The Company's electric service territory includes an area of approximately 2,300 square miles. There are no municipal or cooperative wholesale customers within BGE's service territory. The Company's gas service territory includes an area of approximately 800 square miles. The Company's electric and gas revenues come from many customers -residential, commercial, and industrial.

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