Leverage • Coelce
COCE5
Coelce, now operating under the name Enel Distribução Ceará, is an electric distribution utility controlled by the Italian group Enel. The company operates in all 184 municipalities in the state of Ceará and is the only energy distributor in the region. Its business model is regulated by the National Electric Energy Agency (ANEEL) and consists of distributing electricity from transmission grid connection points to end consumers, including residential, commercial, industrial and rural customers. The company's main activities include operating and maintaining network infrastructure, measuring energy consumption, and providing business services, such as billing and customer service. Enel Distribuição Ceará's revenue comes from distribution system usage fees (TUSD), which remunerate the electricity transportation service.
3
N.D. With Lease/EBITDA
How many years of EBITDA are required to pay off the company's net debt considering the lease agreements, according to the official accounting standard IFRS16. As a market consensus, a value of up to 3 years of leverage is accepted for most companies.
111,5%
Debt/Equity
How much the company's debt represents in % in relation to its equity. As a market consensus, a value less than or equal to 1 is accepted, above that leverage can end up hurting the final result at some point.
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