Grendene (BSP:GRND3) Debt-to-Equity : 0.05 (As of Mar. 2024)

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What is Grendene Debt-to-Equity?

Grendene's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$160 Mil. Grendene's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$11 Mil. Grendene's Total Stockholders Equity for the quarter that ended in Mar. 2024 was R$3,670 Mil. Grendene's debt to equity for the quarter that ended in Mar. 2024 was 0.05.

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

BSP:GRND3' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: 0.1
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of Grendene was 0.10. The lowest was 0.02. And the median was 0.04.

BSP:GRND3's Debt-to-Equity is ranked better than
88.75% of 933 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs BSP:GRND3: 0.05

Grendene Debt-to-Equity Historical Data

The historical data trend for Grendene'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.

Grendene Debt-to-Equity Chart

Grendene Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.04

0.02

0.05

0.03

Grendene 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															0.07	0.03	0.03	0.03	0.05

Competitive Comparison of Grendene's Debt-to-Equity

For the Footwear & Accessories subindustry, Grendene'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.

Grendene's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Grendene's Debt-to-Equity distribution charts can be found below:

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

Grendene Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grendene'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
	=	(94.202	+	22.225)	/	3659.443
	=	0.03

Grendene'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
	=	(159.647	+	10.856)	/	3669.645
	=	0.05

Grendene (BSP:GRND3) 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.

Grendene Debt-to-Equity Related Terms

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

Grendene (BSP:GRND3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Grendene SA (BSP:GRND3) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenue Pimentel Gomes 214, Sobral, CE, BRA, 62040-125

Website

https://www.grendene.com.br

Grendene SA is engaged in the development, production, distribution, and sale of plastic footwear for all the socio-economic classes, in the women's, men's, and children's market segments. It also has its own stores, franchises, and web commerce channels, operating under the brands Melissa, Grendha, Zaxy, Rider, Cartago, Grendene Kids, and Ipanema. It also owns the brands Pega Forte and Nuar. Geographically the company operates in Brazil, North America, Asia and Oceania, Europe, Central, and South America, and the Middle East and Africa, out of which a majority of its revenue comes from Brazil.

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