Pacific Gas & Electric Co (Pacific Gas & Electric Co) LT-Debt-to-Total-Asset : 0.43 (As of Mar. 2024)

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What is Pacific Gas & Electric Co 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. Pacific Gas & Electric Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.43.

Pacific Gas & Electric Co's long-term debt to total assets ratio increased from Mar. 2023 (0.42) to Mar. 2024 (0.43). It may suggest that Pacific Gas & Electric Co is progressively becoming more dependent on debt to grow their business.

Pacific Gas & Electric Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Pacific Gas & Electric Co'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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Pacific Gas & Electric Co LT-Debt-to-Total-Asset Chart

Pacific Gas & Electric Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.39

0.33

0.38

Pacific Gas & Electric Co 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															0.42	0.39	0.38	0.38	0.43

Pacific Gas & Electric Co LT-Debt-to-Total-Asset Calculation

Pacific Gas & Electric Co'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 )
	=	47448	/	125355
	=	0.38

Pacific Gas & Electric Co'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 )
	=	54473	/	127645
	=	0.43

Pacific Gas & Electric Co (AMEX:PCG.PRG.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.

Pacific Gas & Electric Co LT-Debt-to-Total-Asset Related Terms

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Pacific Gas & Electric Co (Pacific Gas & Electric Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Pacific Gas & Electric Co (AMEX:PCG.PRG.PFD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PCG.PRI.PFD:USA PCG.PRH.PFD:USA PCGpE.PFD:USA PCGpD.PFD:USA PCG.PRC.PFD:USA PCG.PRB.PFD:USA PCG.PRA.PFD:USA

Address

77 Beale Street, P.O. Box 770000, San Francisco, CA, USA, 94177

Website

http://www.pge.com

Pacific Gas & Electric Co is a vertically integrated electricity and natural gas utility. It operates in northern and central California and are engaged in the businesses of electricity and natural gas distribution.

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