Enauta Participacoes (BSP:ENAT3) LT-Debt-to-Total-Asset : 0.28 (As of Dec. 2023)

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What is Enauta Participacoes 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. Enauta Participacoes's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.28.

Enauta Participacoes's long-term debt to total assets ratio increased from Dec. 2022 (0.20) to Dec. 2023 (0.28). It may suggest that Enauta Participacoes is progressively becoming more dependent on debt to grow their business.

Enauta Participacoes LT-Debt-to-Total-Asset Historical Data

The historical data trend for Enauta Participacoes'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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Enauta Participacoes LT-Debt-to-Total-Asset Chart

Enauta Participacoes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.15

0.12

0.04

0.20

0.28

Enauta Participacoes 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															0.20	0.19	0.18	0.27	0.28

Enauta Participacoes LT-Debt-to-Total-Asset Calculation

Enauta Participacoes'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 )
	=	2282.155	/	8137.085
	=	0.28

Enauta Participacoes'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 )
	=	2282.155	/	8137.085
	=	0.28

Enauta Participacoes (BSP:ENAT3) 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.

Enauta Participacoes LT-Debt-to-Total-Asset Related Terms

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Enauta Participacoes (BSP:ENAT3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enauta Participacoes SA (BSP:ENAT3) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Almirante Barroso Avenue 52, Room 1301, Central district, Rio de Janeiro, RJ, BRA, 20031-918

Website

https://www.enauta.com.br

Enauta Participacoes SA is a Brazilian company that is principally engaged in the exploration, production, and sale of oil and natural gas products. The company's exploration and production areas include Santos Basin, Espirito Santo Basin, Camamu-Almada Basin, Sergipe-Alagoas Basin, Ceara Basin, Para-Maranhao Basin, and Foz do Amazonas Basin.

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