Usinas Siderurgicas de Minas Gerais (BSP:USIM3) Debt-to-Equity : 0.29 (As of Mar. 2024)

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What is Usinas Siderurgicas de Minas Gerais Debt-to-Equity?

Usinas Siderurgicas de Minas Gerais's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$1,051 Mil. Usinas Siderurgicas de Minas Gerais's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$5,969 Mil. Usinas Siderurgicas de Minas Gerais's Total Stockholders Equity for the quarter that ended in Mar. 2024 was R$23,843 Mil. Usinas Siderurgicas de Minas Gerais's debt to equity for the quarter that ended in Mar. 2024 was 0.29.

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 Usinas Siderurgicas de Minas Gerais's Debt-to-Equity or its related term are showing as below:

BSP:USIM3' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.25 Med: 0.42 Max: 0.66
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of Usinas Siderurgicas de Minas Gerais was 0.66. The lowest was 0.25. And the median was 0.42.

BSP:USIM3's Debt-to-Equity is ranked better than
63.44% of 558 companies
in the Steel industry
Industry Median: 0.41 vs BSP:USIM3: 0.29

Usinas Siderurgicas de Minas Gerais Debt-to-Equity Historical Data

The historical data trend for Usinas Siderurgicas de Minas Gerais'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.

Usinas Siderurgicas de Minas Gerais Debt-to-Equity Chart

Usinas Siderurgicas de Minas Gerais Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.42

0.47

0.33

0.31

0.32

Usinas Siderurgicas de Minas Gerais Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.32	0.31	0.33	0.32	0.29

Competitive Comparison of Usinas Siderurgicas de Minas Gerais's Debt-to-Equity

For the Steel subindustry, Usinas Siderurgicas de Minas Gerais'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.

Usinas Siderurgicas de Minas Gerais's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Usinas Siderurgicas de Minas Gerais's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Usinas Siderurgicas de Minas Gerais's Debt-to-Equity falls into.

Usinas Siderurgicas de Minas Gerais Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Usinas Siderurgicas de Minas Gerais'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
	=	(1745.169	+	5855.413)	/	23855.65
	=	0.32

Usinas Siderurgicas de Minas Gerais's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(1050.72	+	5969.322)	/	23843.255
	=	0.29

Usinas Siderurgicas de Minas Gerais (BSP:USIM3) 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.

Usinas Siderurgicas de Minas Gerais Debt-to-Equity Related Terms

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

Usinas Siderurgicas de Minas Gerais (BSP:USIM3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Usinas Siderurgicas de Minas Gerais SA (BSP:USIM3) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

USNZY:USA XUSIO:Spain XUSI:Spain U1S1:Germany USIM6:Brazil USIM5:Brazil

Address

Rua Professor Jose Vieira de Mendonca, 3.011 - Engenho Nogueira, Belo Horizonte, MG, BRA, 31310-260

Website

https://www.usiminas.com

Usinas Siderurgicas de Minas Gerais SA is a Brazil-based company that is primarily engaged in the production and distribution of flat steel products. The company's product portfolio consists of ordinary heavy plates, Sincron series premium heavy plates, hot strips, cold-rolled products, and galvanized products. These products are used in automotive, civil construction, railway, electric, white goods, offshore platforms, and agricultural and construction machinery. The Brazilian domestic market represents the majority of the company's sales, while the United States, Argentina, and Turkey are the three biggest export destination markets for the company.

Usinas Siderurgicas de Minas Gerais (BSP:USIM3) Headlines

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