CIA Energetica Do Ceara - COELCE (BSP:COCE3) LT-Debt-to-Total-Asset : 0.18 (As of Mar. 2024)

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What is CIA Energetica Do Ceara - COELCE 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. CIA Energetica Do Ceara - COELCE's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.18.

CIA Energetica Do Ceara - COELCE's long-term debt to total assets ratio declined from Mar. 2023 (0.29) to Mar. 2024 (0.18). It may suggest that CIA Energetica Do Ceara - COELCE is progressively becoming less dependent on debt to grow their business.

CIA Energetica Do Ceara - COELCE LT-Debt-to-Total-Asset Historical Data

The historical data trend for CIA Energetica Do Ceara - COELCE'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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CIA Energetica Do Ceara - COELCE LT-Debt-to-Total-Asset Chart

CIA Energetica Do Ceara - COELCE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.21

0.18

0.26

0.24

CIA Energetica Do Ceara - COELCE Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.29	0.26	0.26	0.24	0.18

CIA Energetica Do Ceara - COELCE LT-Debt-to-Total-Asset Calculation

CIA Energetica Do Ceara - COELCE'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 )
	=	3129.284	/	13097.413
	=	0.24

CIA Energetica Do Ceara - COELCE's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	2348.395	/	13243.374
	=	0.18

CIA Energetica Do Ceara - COELCE (BSP:COCE3) 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.

CIA Energetica Do Ceara - COELCE LT-Debt-to-Total-Asset Related Terms

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CIA Energetica Do Ceara - COELCE (BSP:COCE3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CIA Energetica Do Ceara - COELCE (BSP:COCE3) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

COCE5:Brazil

Address

R Padre Valdevino 150, Fortaleza, CE, BRA, 60135040

Website

https://www.coelce.com.br

CIA Energetica Do Ceara - COELCE is primarily engaged in the generation and sale of electricity business activities. It also involved in development, distribution, and marketing of electrical power. In addition, the company involved in the distribution of electrical power for industrial, rural, public and residential consumption. It derives most of its revenues from the sale of the electricity business activities and has operations spread across Brazil.

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