Empresa Electrica de Magallanes (XSGO:EDELMAG) Debt-to-Equity : 0.80 (As of Dec. 2023)

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What is Empresa Electrica de Magallanes Debt-to-Equity?

Empresa Electrica de Magallanes's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was CLP31,626 Mil. Empresa Electrica de Magallanes's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was CLP256 Mil. Empresa Electrica de Magallanes's Total Stockholders Equity for the quarter that ended in Dec. 2023 was CLP39,862 Mil. Empresa Electrica de Magallanes's debt to equity for the quarter that ended in Dec. 2023 was 0.80.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Empresa Electrica de Magallanes's Debt-to-Equity or its related term are showing as below:

XSGO:EDELMAG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.27 Max: 0.8
Current: 0.8

During the past 13 years, the highest Debt-to-Equity Ratio of Empresa Electrica de Magallanes was 0.80. The lowest was 0.17. And the median was 0.27.

XSGO:EDELMAG's Debt-to-Equity is ranked better than
52.1% of 476 companies
in the Utilities - Regulated industry
Industry Median: 0.84 vs XSGO:EDELMAG: 0.80

Empresa Electrica de Magallanes Debt-to-Equity Historical Data

The historical data trend for Empresa Electrica de Magallanes's Debt-to-Equity 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.

* Premium members only.

Empresa Electrica de Magallanes Debt-to-Equity Chart

Empresa Electrica de Magallanes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.28

0.26

0.53

0.80

Empresa Electrica de Magallanes Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.53	0.52	0.72	0.73	0.80

Competitive Comparison of Empresa Electrica de Magallanes's Debt-to-Equity

For the Utilities - Regulated Electric subindustry, Empresa Electrica de Magallanes's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Empresa Electrica de Magallanes's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Empresa Electrica de Magallanes's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Empresa Electrica de Magallanes's Debt-to-Equity falls into.

Empresa Electrica de Magallanes Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Empresa Electrica de Magallanes's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(31625.549	+	255.645)	/	39862.36
	=	0.80

Empresa Electrica de Magallanes's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(31625.549	+	255.645)	/	39862.36
	=	0.80

Empresa Electrica de Magallanes (XSGO:EDELMAG) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Empresa Electrica de Magallanes Debt-to-Equity Related Terms

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Empresa Electrica de Magallanes (XSGO:EDELMAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Empresa Electrica de Magallanes SA (XSGO:EDELMAG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Croacia Numero 444, Punta Arenas, CHL, 621-2667

Website

http://www.edelmag.cl

Empresa Electrica de Magallanes SA is a Chile based firm. It is engaged in the generation, transmission, distribution and supply of electricity. The Company operates in the XII Region, with the provision of its services to the Magellan land and Chilean Antarctic, serving the communities of Punta Arenas.

Empresa Electrica de Magallanes (XSGO:EDELMAG) Headlines

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