Companhia Celg de Participacoes (BSP:GPAR3) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2024)

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What is Companhia Celg de 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. Companhia Celg de Participacoes's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.01.

Companhia Celg de Participacoes's long-term debt to total assets ratio declined from Dec. 2023 (0.02) to Dec. 2024 (0.01). It may suggest that Companhia Celg de Participacoes is progressively becoming less dependent on debt to grow their business.

Companhia Celg de Participacoes LT-Debt-to-Total-Asset Historical Data

The historical data trend for Companhia Celg de 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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Companhia Celg de Participacoes LT-Debt-to-Total-Asset Chart

Companhia Celg de Participacoes Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.05

0.02

0.01

Companhia Celg de Participacoes Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.01	0.01	0.01

Companhia Celg de Participacoes LT-Debt-to-Total-Asset Calculation

Companhia Celg de Participacoes's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	10.025	/	844.625
	=	0.01

Companhia Celg de Participacoes's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	10.025	/	844.625
	=	0.01

Companhia Celg de Participacoes (BSP:GPAR3) 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 Celg de Participacoes LT-Debt-to-Total-Asset Related Terms

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Companhia Celg de Participacoes Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Companhia Celg de Participacoes SA (BSP:GPAR3) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua 2, Quadra A-37, No- 505, Edificio Gileno Godoi, Goiania, BRA, 74805-180

Website

http://ricelgpar.celggt.com

Companhia Celg de Participacoes SA operates as the holding company in electricity sector. The Company generates, distributes, transmits and markets electric energy in Brazil.

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