Entergy Texas (Entergy Texas) LT-Debt-to-Total-Asset : 0.40 (As of Mar. 2024)

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What is Entergy Texas 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. Entergy Texas's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.40.

Entergy Texas's long-term debt to total assets ratio declined from Mar. 2023 (0.41) to Mar. 2024 (0.40). It may suggest that Entergy Texas is progressively becoming less dependent on debt to grow their business.

Entergy Texas LT-Debt-to-Total-Asset Historical Data

The historical data trend for Entergy Texas'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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Entergy Texas LT-Debt-to-Total-Asset Chart

Entergy Texas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.38

0.37

0.38

0.41

0.40

Entergy Texas Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.41	0.40	0.41	0.40	0.40

Entergy Texas LT-Debt-to-Total-Asset Calculation

Entergy Texas'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 )
	=	3225.092	/	8056.572
	=	0.40

Entergy Texas's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	3225.444	/	8106.198
	=	0.40

Entergy Texas (NYSE:ETIp.PFD) 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.

Entergy Texas LT-Debt-to-Total-Asset Related Terms

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Entergy Texas (Entergy Texas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Entergy Texas Inc (NYSE:ETIp.PFD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2107 Research Forest Drive, The Woodlands, TX, USA, 77380

Website

https://www.entergy-texas.com

Entergy Texas Inc. is an integrated energy company engaged primarily in electric power production and retail electric distribution operations.

Executives

Reginald T Jackson	officer: SVP, Chief Accounting Officer	C/O ENTERGY CORPORATION LEGAL DEPT., 639 LOYOLA AVE., 26TH FLOOR, NEW ORLEANS LA 70113
Norgeot Peter S Jr	director	C/O ENTERGY CORPORATION LEGAL DEPT., 639 LOYOLA AVENUE, 26TH FLOOR, NEW ORLEANS LA 70113
Eliecer Viamontes	director, officer: Chairman and CEO	C/O ENTERGY CORPORATION LEGAL DEPT., 639 LOYOLA AVE., 26TH FLOOR, NEW ORLEANS LA 70113
Andrew S Marsh	director, officer: EVP & Chief Financial Officer	C/O ENTERGY CORPORATION LEGAL DEPT., 639 LOYOLA AVE., 26TH FLOOR, NEW ORLEANS LA 70113
Roderick K West	director, officer: Group President, Utility Ops	1600 PERDIDO STREET, BLDG 505, NEW ORLEANS LA 70112
Marcus V Brown	officer: EVP & General Counsel	C/O ENTERGY CORPORATION LEGAL DEPT., 639 LOYOLA AVE., 26TH FL., NEW ORLEANS LA 70113
Paul D Hinnenkamp	director	C/O ENTERGY CORPORATION LEGAL DEPT., 639 LOYOLA AVE., 26TH FLOOR, NEW ORLEANS LA 70113
Kimberly A. Fontan	officer: SVP, Chief Accounting Officer	C/O ENTERGY CORPORATION LEGAL DEPT., 639 LOYOLA AVE., 26TH FLOOR, NEW ORLEANS LA 70113
Leo P Denault	officer: Officer under Section 16 Rules
Sallie T Rainer	director, officer: Chair and CEO	C/O ENTERGY CORPORATION LEGAL DEPT., 639 LOYOLA AVE., 26TH FLOOR, NEW ORLEANS LA 70113

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