CGE Transmision (XSGO:CGET) LT-Debt-to-Total-Asset : 0.27 (As of Dec. 2023)

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What is CGE Transmision 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. CGE Transmision's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.27.

CGE Transmision's long-term debt to total assets ratio increased from Dec. 2022 (0.14) to Dec. 2023 (0.27). It may suggest that CGE Transmision is progressively becoming more dependent on debt to grow their business.

CGE Transmision LT-Debt-to-Total-Asset Historical Data

The historical data trend for CGE Transmision'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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CGE Transmision LT-Debt-to-Total-Asset Chart

CGE Transmision Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.47

0.14

0.27

CGE Transmision Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.14	0.21	0.30	0.28	0.27

CGE Transmision LT-Debt-to-Total-Asset Calculation

CGE Transmision'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 )
	=	343471.857	/	1255571.573
	=	0.27

CGE Transmision'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 )
	=	343471.857	/	1255571.573
	=	0.27

CGE Transmision (XSGO:CGET) 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.

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CGE Transmision (XSGO:CGET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CGE Transmision SA (XSGO:CGET) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Av. Presidente Riesco 5561, 17th floor, Las Condes, Santiago, CHL

Website

https://www.cgetransmision.cl

CGE Transmision SA engages in electricity transmission. It operates in the electric power transmission sector, mainly in the zonal transmission and dedicated transmission segments. The transmission system is divided into five large segments: National Transmission; Zonal Transmission; Dedicated Transmission; Transmission for development poles; and International Interconnection System.

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