Brisanet Participacoes (BSP:BRIT3) LT-Debt-to-Total-Asset : 0.35 (As of Dec. 2023)

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What is Brisanet Participacoes 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. Brisanet Participacoes's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.35.

Brisanet Participacoes's long-term debt to total assets ratio increased from Dec. 2022 (0.35) to Dec. 2023 (0.35). It may suggest that Brisanet Participacoes is progressively becoming more dependent on debt to grow their business.

Brisanet Participacoes LT-Debt-to-Total-Asset Historical Data

The historical data trend for Brisanet Participacoes'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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Brisanet Participacoes LT-Debt-to-Total-Asset Chart

Brisanet Participacoes Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.36

0.42

0.30

0.35

Brisanet Participacoes Quarterly Data
	Dec18	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.35	0.36	0.35	0.36	0.35

Brisanet Participacoes LT-Debt-to-Total-Asset Calculation

Brisanet Participacoes'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 )
	=	1116.406	/	3196.278
	=	0.35

Brisanet Participacoes's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	1116.406	/	3196.278
	=	0.35

Brisanet Participacoes (BSP:BRIT3) 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.

Brisanet Participacoes LT-Debt-to-Total-Asset Related Terms

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Brisanet Participacoes (BSP:BRIT3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Brisanet Participacoes SA (BSP:BRIT3) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Highway CE 138 KM 14, s/n, Pereiro, CE, BRA, 63460-000

Website

https://www.brisanet.com.br

Brisanet Participacoes SA offers broadband, fixed telephony, cable TV, and mobile telephony services in Brazil. It includes the provision of telecommunication services such as MCS (Multimedia Communication Service);equipment rental; IT services; radio and optical fiber network installation services.

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