Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) LT-Debt-to-Total-Asset : 0.29 (As of Dec. 2023)

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What is Compania deneamento de Minas Gerais - COPASA MG 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. Compania deneamento de Minas Gerais - COPASA MG's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.29.

Compania deneamento de Minas Gerais - COPASA MG's long-term debt to total assets ratio increased from Dec. 2022 (0.25) to Dec. 2023 (0.29). It may suggest that Compania deneamento de Minas Gerais - COPASA MG is progressively becoming more dependent on debt to grow their business.

Compania deneamento de Minas Gerais - COPASA MG LT-Debt-to-Total-Asset Historical Data

The historical data trend for Compania deneamento de Minas Gerais - COPASA MG'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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Compania deneamento de Minas Gerais - COPASA MG LT-Debt-to-Total-Asset Chart

Compania deneamento de Minas Gerais - COPASA MG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.26

0.27

0.25

0.29

Compania deneamento de Minas Gerais - COPASA MG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.25	0.24	0.24	0.28	0.29

Compania deneamento de Minas Gerais - COPASA MG LT-Debt-to-Total-Asset Calculation

Compania deneamento de Minas Gerais - COPASA MG'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 )
	=	4106.605	/	14189.863
	=	0.29

Compania deneamento de Minas Gerais - COPASA MG's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	4106.605	/	14189.863
	=	0.29

Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) 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.

Compania deneamento de Minas Gerais - COPASA MG LT-Debt-to-Total-Asset Related Terms

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Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Compania de Saneamento de Minas Gerais - COPASA MG (BSP:CSMG3) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Mar de Espanha 525, Santo Antonio, Belo Horizonte, MG, BRA, 30330900

Website

http://www.copasa.com.br

COPASA MG provides water supply, sewage, and solid waste services. The company operates out of subsidiaries COPASA Serviços de Irrigaçao S.A., COPASA Aguas Minerais de Minas S.A, and COPANOR. COPASA Serviços de Irrigaçao S.A. manages, performs, and sells irrigation system services. COPASA Águas Minerais de Minas S.A. produces, bottles, distributes, and sells mineral water. COPANOR provides water supply and sewage treatment services across the North and Northeast regions of the State of Minas Gerais. A majority of revenue is derived from water services while the rest is derived from sewage services. The company operates out of Brazil, where a significant amount of revenue is generated.

Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Headlines

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