UEPEM.PFD (Union Electric Co) LT-Debt-to-Total-Asset : 0.31 (As of Sep. 2024)

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What is Union 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. Union Electric Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.31.

Union Electric Co's long-term debt to total assets ratio increased from Sep. 2023 (0.30) to Sep. 2024 (0.31). It may suggest that Union Electric Co is progressively becoming more dependent on debt to grow their business.

Union Electric Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Union 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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Union Electric Co LT-Debt-to-Total-Asset Chart

Union Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.27

0.30

0.29

Union Electric Co 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															0.30	0.29	0.31	0.32	0.31

Union Electric Co LT-Debt-to-Total-Asset Calculation

Union 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 )
	=	5991	/	20606
	=	0.29

Union Electric Co'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 )
	=	6830	/	22209
	=	0.31

Union Electric Co (OTCPK:UEPEM.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.

Union Electric Co LT-Debt-to-Total-Asset Related Terms

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Union Electric Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Union Electric Co (OTCPK:UEPEM.PFD) » Definitions » LT-Debt-to-Total-Asset

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Address

1901 Chouteau Avenue, St. Louis, MO, USA, 63103

Website

https://www.ameren.com

Union Electric Co is engaged in providing a rate-regulated electric generation, transmission, and distribution business and a rate-regulated natural gas distribution business in Missouri. It supplies electric and natural gas service to a twenty four thousand square-mile area in central and eastern Missouri, which includes the Greater St. Louis area. Ameren Missouri supplies electric service to one point two million customers and natural gas service to zero point one million customers.

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