Rumo (BSP:RAIL3) Debt-to-Equity : 1.66 (As of Dec. 2023)

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What is Rumo Debt-to-Equity?

Rumo's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$2,117 Mil. Rumo's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$23,820 Mil. Rumo's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$15,671 Mil. Rumo's debt to equity for the quarter that ended in Dec. 2023 was 1.66.

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

BSP:RAIL3' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.61 Med: 1.77 Max: 4.73
Current: 1.66

During the past 10 years, the highest Debt-to-Equity Ratio of Rumo was 4.73. The lowest was 0.61. And the median was 1.77.

BSP:RAIL3's Debt-to-Equity is ranked worse than
83.33% of 882 companies
in the Transportation industry
Industry Median: 0.55 vs BSP:RAIL3: 1.66

Rumo Debt-to-Equity Historical Data

The historical data trend for Rumo'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.

Rumo Debt-to-Equity Chart

Rumo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

2.36

1.72

1.85

1.54

1.66

Rumo 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															1.54	1.53	1.55	1.63	1.66

Competitive Comparison of Rumo's Debt-to-Equity

For the Railroads subindustry, Rumo'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.

Rumo's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Rumo's Debt-to-Equity distribution charts can be found below:

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

Rumo Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rumo'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
	=	(2117.297	+	23819.76)	/	15671.352
	=	1.66

Rumo'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
	=	(2117.297	+	23819.76)	/	15671.352
	=	1.66

Rumo (BSP:RAIL3) 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.

Rumo Debt-to-Equity Related Terms

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

Rumo (BSP:RAIL3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Rumo SA (BSP:RAIL3) » Definitions » Debt-to-Equity

Comparable Companies

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RUMOF:USA

Address

Rua Emilio Bertolini, 100, Oficinas, Curitiba, PR, BRA, 82920-030

Website

https://www.rumolog.com

Rumo SA is a logistics provider operating in Brazil. The company provides services to export commodities, providing an integrated transport solution, handling, storage and shipment from the production centres to the main southern and southeast ports. Its operating segment includes North Operations; South Operations, and Container Operations. The company generates maximum revenue from the North Operations segment. The company's revenue consists of rail freight services, road freight, transport containers, storage and transhipment, and port lifting.

Rumo (BSP:RAIL3) Headlines

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