Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT (BSP:EEEL4) LT-Debt-to-Total-Asset : 0.14 (As of Sep. 2021)

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What is Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT 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. Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT's long-term debt to total assests ratio for the quarter that ended in Sep. 2021 was 0.14.

Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT's long-term debt to total assets ratio increased from Jun. 2020 (0.13) to Sep. 2021 (0.14). It may suggest that Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT is progressively becoming more dependent on debt to grow their business.

Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT LT-Debt-to-Total-Asset Historical Data

The historical data trend for Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT'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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Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT LT-Debt-to-Total-Asset Chart

Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

LT-Debt-to-Total-Asset

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0.07

0.08

0.11

0.10

0.11

Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Sep21
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.12	0.11	0.12	0.14

Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT LT-Debt-to-Total-Asset Calculation

Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )	/	Total Assets (A: Dec. 2020 )
	=	638.184	/	5576.557
	=	0.11

Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2021 is calculated as

LT Debt to Total Assets (Q: Sep. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2021 )	/	Total Assets (Q: Sep. 2021 )
	=	627.042	/	4440.127
	=	0.14

Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT (BSP:EEEL4) 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.

Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT LT-Debt-to-Total-Asset Related Terms

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Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT (BSP:EEEL4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT (BSP:EEEL4) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

XKLS:3069 MIC:IRGZ SZSE:000531 SZSE:002039 LIM:ENDISPC1 MIC:LSNG SHSE:600292 SZSE:000601 SZSE:000899 SHSE:600780

Traded in Other Exchanges

N/A

Address

Avenue Joaquim Porto Villanova, 201 - Prédio A, Bairro Jardim Carvalho, Porto Alegre, RS, BRA, 91410-400

Website

http://www.ceee.com.br

Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT operates in an energy sector. Its business activities include generation, transmission, distribution and sale of electricity and related services. The company operates hydroelectric plants, substations, and long transmission lines.

Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT (BSP:EEEL4) Headlines

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