Lojas Renner (BSP:LREN3) Debt-to-Equity : 0.47 (As of Dec. 2023)

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What is Lojas Renner Debt-to-Equity?

Lojas Renner's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$1,824 Mil. Lojas Renner's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$2,845 Mil. Lojas Renner's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$10,047 Mil. Lojas Renner's debt to equity for the quarter that ended in Dec. 2023 was 0.46.

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 Lojas Renner's Debt-to-Equity or its related term are showing as below:

BSP:LREN3' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.47 Med: 0.67 Max: 1.05
Current: 0.47

During the past 13 years, the highest Debt-to-Equity Ratio of Lojas Renner was 1.05. The lowest was 0.47. And the median was 0.67.

BSP:LREN3's Debt-to-Equity is ranked better than
58.13% of 1003 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs BSP:LREN3: 0.47

Lojas Renner Debt-to-Equity Historical Data

The historical data trend for Lojas Renner'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.

Lojas Renner Debt-to-Equity Chart

Lojas Renner Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.72

0.95

0.63

0.53

0.47

Lojas Renner 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															0.53	0.54	0.53	0.50	0.47

Competitive Comparison of Lojas Renner's Debt-to-Equity

For the Department Stores subindustry, Lojas Renner'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.

Lojas Renner's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Lojas Renner's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Lojas Renner's Debt-to-Equity falls into.

Lojas Renner Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lojas Renner'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
	=	(1824.053	+	2845.114)	/	10047.221
	=	0.46

Lojas Renner'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
	=	(1824.053	+	2845.114)	/	10047.221
	=	0.46

Lojas Renner (BSP:LREN3) 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.

Lojas Renner Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Lojas Renner's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Lojas Renner (BSP:LREN3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Lojas Renner SA (BSP:LREN3) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LRENY:USA

Address

Avenida Joaquim Porto Villanova, 401, Porto Alegre, RS, BRA, 91410-400

Website

https://www.lojasrenner.com.br

Lojas Renner SA is a retailer that operates stores under brand names including Renner, Camicado, and Youcom. Renner and Youcom stores sell clothing, sports articles, accessories, and cosmetics. Camicado sells houseware and home decor products, including appliances, towels and linen, and kitchen products. Lojas retail segment provides the vast majority of the company's revenue. The company also has a financial products segment that offers credit cards to its customers. Nearly all of the company's stores and sales are in Brazil.

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