Societatea Energetica Electrica (LSE:ELSA) LT-Debt-to-Total-Asset : 0.17 (As of Jun. 2024)

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What is Societatea Energetica Electrica 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. Societatea Energetica Electrica's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.17.

Societatea Energetica Electrica's long-term debt to total assets ratio increased from Mar. 2023 (0.07) to Jun. 2024 (0.17). It may suggest that Societatea Energetica Electrica is progressively becoming more dependent on debt to grow their business.

Societatea Energetica Electrica LT-Debt-to-Total-Asset Historical Data

The historical data trend for Societatea Energetica Electrica'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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Societatea Energetica Electrica LT-Debt-to-Total-Asset Chart

Societatea Energetica Electrica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.05

0.02

0.06

Societatea Energetica Electrica Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.06	0.07	0.06	0.17

Societatea Energetica Electrica LT-Debt-to-Total-Asset Calculation

Societatea Energetica Electrica'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 )
	=	189.143	/	2933.506
	=	0.06

Societatea Energetica Electrica's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	525.898	/	3092.95
	=	0.17

Societatea Energetica Electrica (LSE:ELSA) 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.

Societatea Energetica Electrica LT-Debt-to-Total-Asset Related Terms

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Societatea Energetica Electrica Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Societatea Energetica Electrica SA (LSE:ELSA) » Definitions » LT-Debt-to-Total-Asset

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EL:Romania

Address

No. 9, Grigore Alexandrescu Street, 1st District, Bucharest, ROU, 010621

Website

https://www.electrica.ro

Societatea Energetica Electrica SA is a Romanian company, which is engaged in operation and development of electricity distribution networks and activities related to electricity supply to final consumers. It mainly acts as an electricity distribution operator and the main electricity supplier in North Transylvania, South Transylvania, and North Muntenia. The company operates through following segments: Electricity & gas supply, which is engaged in purchasing and supplying electricity and gas to end consumers; Electricity distribution, which provides electricity distribution services; External electricity network services, which offers repairs, maintenance and other services for electricity networks owned by other distributors; Electricity generation segment; and Headquarters.

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