Grupo Energia Bogota ESP (BOG:GEB) LT-Debt-to-Total-Asset : 0.35 (As of Sep. 2023)

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What is Grupo Energia Bogota ESP 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. Grupo Energia Bogota ESP's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.35.

Grupo Energia Bogota ESP's long-term debt to total assets ratio declined from Sep. 2022 (0.39) to Sep. 2023 (0.35). It may suggest that Grupo Energia Bogota ESP is progressively becoming less dependent on debt to grow their business.

Grupo Energia Bogota ESP LT-Debt-to-Total-Asset Historical Data

The historical data trend for Grupo Energia Bogota ESP'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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Grupo Energia Bogota ESP LT-Debt-to-Total-Asset Chart

Grupo Energia Bogota ESP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.32

0.34

0.41

Grupo Energia Bogota ESP Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.39	0.41	0.39	0.37	0.35

Grupo Energia Bogota ESP LT-Debt-to-Total-Asset Calculation

Grupo Energia Bogota ESP's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	19335025	/	46744547
	=	0.41

Grupo Energia Bogota ESP's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	15262240	/	44180166
	=	0.35

Grupo Energia Bogota ESP (BOG:GEB) 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.

Grupo Energia Bogota ESP LT-Debt-to-Total-Asset Related Terms

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Grupo Energia Bogota ESP (BOG:GEB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Grupo Energia Bogota SA ESP (BOG:GEB) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cra. 9 No. 73-44, Piso 6, Sede Calle 61 (Calle 61 7-78), Bogota, COL

Website

https://www.grupoenergiadebogota.com

Grupo Energia Bogota SA ESP is engaged in the generation, transmission, distribution, and commercialization of electricity in Colombia. The Company is also involved in the transportation and distribution of natural gas.

Grupo Energia Bogota ESP (BOG:GEB) Headlines

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