SBS (Companhia Deneamento Basico Do Estado Deo Paulo) LT-Debt-to-Total-Asset : 0.28 (As of Sep. 2024)

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What is Companhia Deneamento Basico Do Estado Deo Paulo 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. Companhia Deneamento Basico Do Estado Deo Paulo's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.28.

Companhia Deneamento Basico Do Estado Deo Paulo's long-term debt to total assets ratio increased from Sep. 2023 (0.28) to Sep. 2024 (0.28). It may suggest that Companhia Deneamento Basico Do Estado Deo Paulo is progressively becoming more dependent on debt to grow their business.

Companhia Deneamento Basico Do Estado Deo Paulo LT-Debt-to-Total-Asset Historical Data

The historical data trend for Companhia Deneamento Basico Do Estado Deo Paulo'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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Companhia Deneamento Basico Do Estado Deo Paulo LT-Debt-to-Total-Asset Chart

Companhia Deneamento Basico Do Estado Deo Paulo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.22

0.28

0.30

0.29

0.28

Companhia Deneamento Basico Do Estado Deo Paulo Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.28	0.28	0.30	0.30	0.28

Companhia Deneamento Basico Do Estado Deo Paulo LT-Debt-to-Total-Asset Calculation

Companhia Deneamento Basico Do Estado Deo Paulo'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 )
	=	3453.191	/	12545.605
	=	0.28

Companhia Deneamento Basico Do Estado Deo Paulo's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	3831.849	/	13748.23
	=	0.28

Companhia Deneamento Basico Do Estado Deo Paulo (NYSE:SBS) 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.

Companhia Deneamento Basico Do Estado Deo Paulo LT-Debt-to-Total-Asset Related Terms

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Companhia Deneamento Basico Do Estado Deo Paulo Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Companhia De Saneamento Basico Do Estado De Sao Paulo (NYSE:SBS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SAJA:Germany SBSP3:Brazil SBS:Argentina

Address

Rua Costa Carvalho, 300, Sao Paulo, SP, BRA, 05429-900

Website

https://www.sabesp.com.br

Companhia De Saneamento Basico Do Estado De Sao Paulo is engaged in the provision of basic and environmental sanitation services in the Sao Paulo State and supplies treated water and sewage services on a wholesale basis. The company operates in a single segment, which is Sanitation services.