CIA de Ferro Ligas da Bahia - Ferbasa (BSP:FESA3) Debt-to-Equity : 0.11 (As of Dec. 2023)

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What is CIA de Ferro Ligas da Bahia - Ferbasa Debt-to-Equity?

CIA de Ferro Ligas da Bahia - Ferbasa's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$117 Mil. CIA de Ferro Ligas da Bahia - Ferbasa's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$226 Mil. CIA de Ferro Ligas da Bahia - Ferbasa's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$3,190 Mil. CIA de Ferro Ligas da Bahia - Ferbasa's debt to equity for the quarter that ended in Dec. 2023 was 0.11.

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 CIA de Ferro Ligas da Bahia - Ferbasa's Debt-to-Equity or its related term are showing as below:

BSP:FESA3' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.12 Max: 0.32
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of CIA de Ferro Ligas da Bahia - Ferbasa was 0.32. The lowest was 0.01. And the median was 0.12.

BSP:FESA3's Debt-to-Equity is ranked better than
81.9% of 558 companies
in the Steel industry
Industry Median: 0.415 vs BSP:FESA3: 0.11

CIA de Ferro Ligas da Bahia - Ferbasa Debt-to-Equity Historical Data

The historical data trend for CIA de Ferro Ligas da Bahia - Ferbasa'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.

CIA de Ferro Ligas da Bahia - Ferbasa Debt-to-Equity Chart

CIA de Ferro Ligas da Bahia - Ferbasa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.30

0.32

0.18

0.13

0.11

CIA de Ferro Ligas da Bahia - Ferbasa Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.13	0.13	0.13	0.11	0.11

Competitive Comparison of CIA de Ferro Ligas da Bahia - Ferbasa's Debt-to-Equity

For the Steel subindustry, CIA de Ferro Ligas da Bahia - Ferbasa'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.

CIA de Ferro Ligas da Bahia - Ferbasa's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, CIA de Ferro Ligas da Bahia - Ferbasa's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CIA de Ferro Ligas da Bahia - Ferbasa's Debt-to-Equity falls into.

CIA de Ferro Ligas da Bahia - Ferbasa Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CIA de Ferro Ligas da Bahia - Ferbasa'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
	=	(116.855	+	225.616)	/	3190.099
	=	0.11

CIA de Ferro Ligas da Bahia - Ferbasa's Debt to Equity Ratio for the quarter 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
	=	(116.855	+	225.616)	/	3190.099
	=	0.11

CIA de Ferro Ligas da Bahia - Ferbasa (BSP:FESA3) 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.

CIA de Ferro Ligas da Bahia - Ferbasa Debt-to-Equity Related Terms

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CIA de Ferro Ligas da Bahia - Ferbasa (BSP:FESA3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » CIA de Ferro Ligas da Bahia - Ferbasa (BSP:FESA3) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FESA4:Brazil

Address

Estrada de Santiago s/n, Pojuca, BA, BRA, 48120000

Website

http://www.ferbasa.com.br

CIA de Ferro Ligas da Bahia - Ferbasa produces ferroalloys, including chromium alloys and silicon ferroalloys. It operates in the areas of mining, reforestation, and metallurgy, offering high-carbon ferrochrome, low-carbon ferrochrome, and ferrosilicon. It also engages in the mining, forestry, metallurgy businesses.

CIA de Ferro Ligas da Bahia - Ferbasa (BSP:FESA3) Headlines

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