CIA Catarinense de Aguas eneamento - CASAN (BSP:CASN4) LT-Debt-to-Total-Asset : 0.36 (As of Mar. 2024)

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What is CIA Catarinense de Aguas eneamento - CASAN 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. CIA Catarinense de Aguas eneamento - CASAN's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.36.

CIA Catarinense de Aguas eneamento - CASAN's long-term debt to total assets ratio increased from Mar. 2023 (0.31) to Mar. 2024 (0.36). It may suggest that CIA Catarinense de Aguas eneamento - CASAN is progressively becoming more dependent on debt to grow their business.

CIA Catarinense de Aguas eneamento - CASAN LT-Debt-to-Total-Asset Historical Data

The historical data trend for CIA Catarinense de Aguas eneamento - CASAN'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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CIA Catarinense de Aguas eneamento - CASAN LT-Debt-to-Total-Asset Chart

CIA Catarinense de Aguas eneamento - CASAN Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.32

0.31

0.36

CIA Catarinense de Aguas eneamento - CASAN Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.31	0.30	0.28	0.36	0.36

CIA Catarinense de Aguas eneamento - CASAN LT-Debt-to-Total-Asset Calculation

CIA Catarinense de Aguas eneamento - CASAN's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	1825.549	/	5015.791
	=	0.36

CIA Catarinense de Aguas eneamento - CASAN's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	1764.006	/	4962.884
	=	0.36

CIA Catarinense de Aguas eneamento - CASAN (BSP:CASN4) 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.

CIA Catarinense de Aguas eneamento - CASAN LT-Debt-to-Total-Asset Related Terms

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CIA Catarinense de Aguas eneamento - CASAN (BSP:CASN4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CIA Catarinense de Aguas e Saneamento - CASAN (BSP:CASN4) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Emílio Blum No. 83, Centro, Florianopolis, SC, BRA, 88020010

Website

http://www.casan.com.br

CIA Catarinense de Aguas e Saneamento - CASAN operates in municipalities through program contracts and also agreements. It coordinates, plans, executes, operates and explores the public utilities of sewage and drinking water supply. It also carries out basic sanitation works in the municipalities in the state of Santa Catarina.

CIA Catarinense de Aguas eneamento - CASAN (BSP:CASN4) Headlines

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