REN-Redes Energeticas Nacionais Sgps (XLIS:RENE) LT-Debt-to-Total-Asset : 0.35 (As of Dec. 2023)

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What is REN-Redes Energeticas Nacionais Sgps 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. REN-Redes Energeticas Nacionais Sgps's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.35.

REN-Redes Energeticas Nacionais Sgps's long-term debt to total assets ratio increased from Dec. 2022 (0.26) to Dec. 2023 (0.35). It may suggest that REN-Redes Energeticas Nacionais Sgps is progressively becoming more dependent on debt to grow their business.

REN-Redes Energeticas Nacionais Sgps LT-Debt-to-Total-Asset Historical Data

The historical data trend for REN-Redes Energeticas Nacionais Sgps'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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REN-Redes Energeticas Nacionais Sgps LT-Debt-to-Total-Asset Chart

REN-Redes Energeticas Nacionais Sgps Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.40

0.43

0.26

0.35

REN-Redes Energeticas Nacionais Sgps Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	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															0.26	0.26	0.27	0.29	0.35

REN-Redes Energeticas Nacionais Sgps LT-Debt-to-Total-Asset Calculation

REN-Redes Energeticas Nacionais Sgps'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 )
	=	2022.701	/	5781.968
	=	0.35

REN-Redes Energeticas Nacionais Sgps'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 )
	=	2022.701	/	5781.968
	=	0.35

REN-Redes Energeticas Nacionais Sgps (XLIS:RENE) 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.

REN-Redes Energeticas Nacionais Sgps LT-Debt-to-Total-Asset Related Terms

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REN-Redes Energeticas Nacionais Sgps (XLIS:RENE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » REN-Redes Energeticas Nacionais Sgps SA (XLIS:RENE) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

0KBT:UK RN4:Germany

Address

Avenida Estados Unidos da America, 55, Lisbon, PRT, 1749-061

Website

http://www.ren.pt

REN-Redes Energeticas Nacionais Sgps SA is an energy and utilities company designed for the transmission and distributing electricity and natural gas. The company offers services that manage national energy transmission and distribution systems that include the national electric transmission grid (RNT), the national natural gas transportation grid (RNTGN) and the portgás distribution grid, enabling the creation of an Iberian electricity market that will develop the hydrogen corridor in Europe, together with other European TSOs (Enagas, GRTgaz, Terega and OGE).