The balance of CFE’s debt as of September 30 was 508.7 billion pesos, which is equivalent to 1.5% of the GDP estimated for 2024 in this year’s General Economic Policy Criteria, and was 22.7% higher than that reported as of September 30 last year, according to the Mexican Institute for Competitiveness (IMCO).
Of the total balance of the CFE debt, 27.3% corresponds to debt with maturities of less than one year (short term) and 72.7% to debt with maturities greater than or equal to one year (long term), according to the report “CFE in the look to the third quarter of 2023.”
The balance of the company’s short-term debt increased 42.5% between September 30, 2023 and the same cut-off date in 2024, going from 97.3 billion pesos to 138.7 billion. For its part, the CFE’s long-term debt increased 16.6% during that same period, going from 317,400 to 370,000 million pesos.
Of the total balance of the CFE debt, 64.5% corresponds to documented debt, 19.5% to Pidiregas debt and 16% to fiduciary investments. The balance of the documented debt increased 23.2% between September 30, 2023 and the same cut-off date in 2024, going from 266,500 to 328,200 million pesos.
Meanwhile, the Pidiregas debt was reduced 3.7% during that same period, going from 102,900 to 99,100 million pesos and the balance of the debt contracted to finance trust investments increased 79.7%, going from 45,200 to 81,400 million pesos. .
Lee: CFE losses increase almost seven times in the third quarter
Between January 1 and September 30, CFE paid 37.4 billion pesos in interest on its debt: an average of 4.2 billion pesos per month or 137 million pesos per day.
This amount is 26% (equivalent to 7.7 billion pesos) higher than that reported during the same period in 2023 and represents the largest amount of resources allocated to this concept for a January-September period in the last six years (2018-2024). .
Follow us on Google News to always stay informed
Get inspired, discover and share. Follow us and find what you are looking for on our Instagram!
