CDUAF (Canadian Utilities) LT-Debt-to-Total-Asset : 0.45 (As of Dec. 2024)

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What is Canadian Utilities 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. Canadian Utilities's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.45.

Canadian Utilities's long-term debt to total assets ratio increased from Dec. 2023 (0.43) to Dec. 2024 (0.45). It may suggest that Canadian Utilities is progressively becoming more dependent on debt to grow their business.

Canadian Utilities LT-Debt-to-Total-Asset Historical Data

The historical data trend for Canadian Utilities'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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Canadian Utilities LT-Debt-to-Total-Asset Chart

Canadian Utilities Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.44

0.43

0.45

Canadian Utilities 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															0.43	0.44	0.45	0.47	0.45

Canadian Utilities LT-Debt-to-Total-Asset Calculation

Canadian Utilities'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 )
	=	7566.505	/	16696.147
	=	0.45

Canadian Utilities'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 )
	=	7566.505	/	16696.147
	=	0.45

Canadian Utilities (OTCPK:CDUAF) 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.

Canadian Utilities LT-Debt-to-Total-Asset Related Terms

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Canadian Utilities Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Canadian Utilities Ltd (OTCPK:CDUAF) » Definitions » LT-Debt-to-Total-Asset

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Address

5302 Forand Street South West, 4th Floor, West Building, Corporate Governance & Secretarial, Calgary, AB, CAN, T3E 8B4

Website

https://www.canadianutilities.com

Canadian Utilities Ltd, a subsidiary of holding company Atco, offers gas and electricity services. The company is engaged in segments that include ATCO Energy Systems, ATCO EnPower, ATCO Australia, and Corporate & Other. Headquartered in Calgary, Alberta, the firm mainly operates in Canada, Australia, and others. The company generates maximum revenue from Canada. Canadian Utilities launched a large venture called Atco Energy, which provides low-cost and sustainable energy solutions for Alberta.