EDN (Empresa Distribuidora y Comercializadora Norte) LT-Debt-to-Total-Asset : 0.09 (As of Dec. 2024)

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What is Empresa Distribuidora y Comercializadora Norte 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. Empresa Distribuidora y Comercializadora Norte's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.09.

Empresa Distribuidora y Comercializadora Norte's long-term debt to total assets ratio increased from Dec. 2023 (0.03) to Dec. 2024 (0.09). It may suggest that Empresa Distribuidora y Comercializadora Norte is progressively becoming more dependent on debt to grow their business.

Empresa Distribuidora y Comercializadora Norte LT-Debt-to-Total-Asset Historical Data

The historical data trend for Empresa Distribuidora y Comercializadora Norte'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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Empresa Distribuidora y Comercializadora Norte LT-Debt-to-Total-Asset Chart

Empresa Distribuidora y Comercializadora Norte Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.06

0.03

0.09

Empresa Distribuidora y Comercializadora Norte 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															0.03	0.05	0.03	0.05	0.09

Empresa Distribuidora y Comercializadora Norte LT-Debt-to-Total-Asset Calculation

Empresa Distribuidora y Comercializadora Norte'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 )
	=	356.391	/	3940.175
	=	0.09

Empresa Distribuidora y Comercializadora Norte'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 )
	=	356.391	/	3940.175
	=	0.09

Empresa Distribuidora y Comercializadora Norte (NYSE:EDN) 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.

Empresa Distribuidora y Comercializadora Norte LT-Debt-to-Total-Asset Related Terms

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Empresa Distribuidora y Comercializadora Norte Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Empresa Distribuidora y Comercializadora Norte SA (NYSE:EDN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PWD1:Germany PWD1:Germany EDN:Argentina

Address

6363 Del Libertador Avenue, Buenos Aires, ARG, C1428ARG

Website

https://www.edenor.com

Empresa Distribuidora y Comercializadora Norte SA is engaged in the distribution and sale of electricity. The firm's concession area covers the northern portion of the city of Buenos Aires mainly to residential, commercial, industrial, and public service.