CIA Energetica Do Rio Grande Norte - COSERN (BSP:CSRN3) LT-Debt-to-Total-Asset : 0.38 (As of Mar. 2024)

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What is CIA Energetica Do Rio Grande Norte - COSERN 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 Energetica Do Rio Grande Norte - COSERN's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.38.

CIA Energetica Do Rio Grande Norte - COSERN's long-term debt to total assets ratio increased from Mar. 2023 (0.36) to Mar. 2024 (0.38). It may suggest that CIA Energetica Do Rio Grande Norte - COSERN is progressively becoming more dependent on debt to grow their business.

CIA Energetica Do Rio Grande Norte - COSERN LT-Debt-to-Total-Asset Historical Data

The historical data trend for CIA Energetica Do Rio Grande Norte - COSERN'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 Energetica Do Rio Grande Norte - COSERN LT-Debt-to-Total-Asset Chart

CIA Energetica Do Rio Grande Norte - COSERN Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.39

0.36

0.28

0.39

0.38

CIA Energetica Do Rio Grande Norte - COSERN 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															0.36	0.31	0.39	0.38	0.38

CIA Energetica Do Rio Grande Norte - COSERN LT-Debt-to-Total-Asset Calculation

CIA Energetica Do Rio Grande Norte - COSERN'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 )
	=	2137	/	5661
	=	0.38

CIA Energetica Do Rio Grande Norte - COSERN'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 )
	=	2153	/	5715
	=	0.38

CIA Energetica Do Rio Grande Norte - COSERN (BSP:CSRN3) 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 Energetica Do Rio Grande Norte - COSERN LT-Debt-to-Total-Asset Related Terms

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CIA Energetica Do Rio Grande Norte - COSERN (BSP:CSRN3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CIA Energetica Do Rio Grande Norte - COSERN (BSP:CSRN3) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CSRN6:Brazil CSRN5:Brazil

Address

Rua Mermoz 150, Natal, RN, BRA, 59025250

Website

http://www.cosern.com.br

CIA Energetica Do Rio Grande Norte - COSERN is a holding company in Brazil. The Company, through its subsidiaries, is mainly engaged in distribution, transmission, generation and marketing of electricity. The company operates as a public service concessionary of electrical power, aimed to study, project, construct and explore systems of production, transmission, transformation, distribution and commercialization of electrical energy and other alternative energy sources, renewable and nonrenewable.

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