Centrais Eletricas Brasileiras (XMAD:XELTO) LT-Debt-to-Total-Asset : 0.21 (As of Sep. 2024)

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What is Centrais Eletricas Brasileiras 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. Centrais Eletricas Brasileiras's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.21.

Centrais Eletricas Brasileiras's long-term debt to total assets ratio increased from Sep. 2023 (0.20) to Sep. 2024 (0.21). It may suggest that Centrais Eletricas Brasileiras is progressively becoming more dependent on debt to grow their business.

Centrais Eletricas Brasileiras LT-Debt-to-Total-Asset Historical Data

The historical data trend for Centrais Eletricas Brasileiras'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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Centrais Eletricas Brasileiras LT-Debt-to-Total-Asset Chart

Centrais Eletricas Brasileiras Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.23

0.20

0.19

Centrais Eletricas Brasileiras 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															0.20	0.19	0.18	0.23	0.21

Centrais Eletricas Brasileiras LT-Debt-to-Total-Asset Calculation

Centrais Eletricas Brasileiras'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 )
	=	9286.814	/	49979.972
	=	0.19

Centrais Eletricas Brasileiras'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 )
	=	9317.081	/	45523.489
	=	0.20

Centrais Eletricas Brasileiras (XMAD:XELTO) 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.

Centrais Eletricas Brasileiras LT-Debt-to-Total-Asset Related Terms

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Centrais Eletricas Brasileiras Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Centrais Eletricas Brasileiras SA (XMAD:XELTO) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

EBR.B:USA EBR:USA XELTB:Spain L3XC:Germany L3XA:Germany L3X:Germany L3XC:Germany L3XB:Germany L3XA:Germany L3X:Germany ELET6:Brazil ELET3:Brazil EBR:Argentina

Address

Rua da Quitanda 196, 9th floor, Centro, Rio de Janeiro, RJ, BRA, 20091-005

Website

https://www.eletrobras.com

Centrais Eletricas Brasileiras SA is engaged in the generation, transmission, and commercialization of electricity in Brazil. The company operates a portfolio of wind, thermal, hydro, and nuclear power plants located throughout the country. Its segments are Generation which consists of the generation of electric energy and the sale of energy to distribution companies and free consumers, and commercialization; Transmission which consists of the transmission of electric energy; and Administration activities mainly represent the Company's cash management, the management of the compulsory loan, and the management of business in SPEs, and others.

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