Compania deneamento de Minas Gerais - COPASA MG (Compania deneamento de Minas Gerais - COPASA MG) Debt-to-Equity : 0.61 (As of Mar. 2024)

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What is Compania deneamento de Minas Gerais - COPASA MG Debt-to-Equity?

Compania deneamento de Minas Gerais - COPASA MG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $138 Mil. Compania deneamento de Minas Gerais - COPASA MG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $804 Mil. Compania deneamento de Minas Gerais - COPASA MG's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $1,557 Mil. Compania deneamento de Minas Gerais - COPASA MG's debt to equity for the quarter that ended in Mar. 2024 was 0.61.

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 Compania deneamento de Minas Gerais - COPASA MG's Debt-to-Equity or its related term are showing as below:

CSMQY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.47 Med: 0.56 Max: 0.66
Current: 0.61

During the past 13 years, the highest Debt-to-Equity Ratio of Compania deneamento de Minas Gerais - COPASA MG was 0.66. The lowest was 0.47. And the median was 0.56.

CSMQY's Debt-to-Equity is ranked better than
60.25% of 478 companies
in the Utilities - Regulated industry
Industry Median: 0.84 vs CSMQY: 0.61

Compania deneamento de Minas Gerais - COPASA MG Debt-to-Equity Historical Data

The historical data trend for Compania deneamento de Minas Gerais - COPASA MG'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.

Compania deneamento de Minas Gerais - COPASA MG Debt-to-Equity Chart

Compania deneamento de Minas Gerais - COPASA MG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.50

0.60

0.59

0.64

Compania deneamento de Minas Gerais - COPASA MG Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.56	0.54	0.60	0.64	0.61

Competitive Comparison of Compania deneamento de Minas Gerais - COPASA MG's Debt-to-Equity

For the Utilities - Regulated Water subindustry, Compania deneamento de Minas Gerais - COPASA MG'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.

Compania deneamento de Minas Gerais - COPASA MG's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Compania deneamento de Minas Gerais - COPASA MG's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Compania deneamento de Minas Gerais - COPASA MG's Debt-to-Equity falls into.

Compania deneamento de Minas Gerais - COPASA MG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Compania deneamento de Minas Gerais - COPASA MG'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
	=	(148.82	+	838.117)	/	1545.742
	=	0.64

Compania deneamento de Minas Gerais - COPASA MG's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(137.686	+	804.266)	/	1556.879
	=	0.61

Compania deneamento de Minas Gerais - COPASA MG (OTCPK:CSMQY) 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.

Compania deneamento de Minas Gerais - COPASA MG Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Compania deneamento de Minas Gerais - COPASA MG's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Compania deneamento de Minas Gerais - COPASA MG (Compania deneamento de Minas Gerais - COPASA MG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Compania de Saneamento de Minas Gerais - COPASA MG (OTCPK:CSMQY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CSMG3:Brazil

Address

Rua Mar de Espanha 525, Santo Antonio, Belo Horizonte, MG, BRA, 30330900

Website

http://www.copasa.com.br

COPASA MG provides water supply, sewage, and solid waste services. The company operates out of subsidiaries COPASA Serviços de Irrigaçao S.A., COPASA Aguas Minerais de Minas S.A, and COPANOR. COPASA Serviços de Irrigaçao S.A. manages, performs, and sells irrigation system services. COPASA Águas Minerais de Minas S.A. produces, bottles, distributes, and sells mineral water. COPANOR provides water supply and sewage treatment services across the North and Northeast regions of the State of Minas Gerais. A majority of revenue is derived from water services while the rest is derived from sewage services. The company operates out of Brazil, where a significant amount of revenue is generated.

Compania deneamento de Minas Gerais - COPASA MG (Compania deneamento de Minas Gerais - COPASA MG) Headlines

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