CSN Mineracao (BSP:CMIN3) Debt-to-Equity : 0.76 (As of Dec. 2023)

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What is CSN Mineracao Debt-to-Equity?

CSN Mineracao's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$445 Mil. CSN Mineracao's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$7,734 Mil. CSN Mineracao's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$10,699 Mil. CSN Mineracao's debt to equity for the quarter that ended in Dec. 2023 was 0.76.

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

BSP:CMIN3' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.33 Max: 0.76
Current: 0.76

During the past 7 years, the highest Debt-to-Equity Ratio of CSN Mineracao was 0.76. The lowest was 0.13. And the median was 0.33.

BSP:CMIN3's Debt-to-Equity is ranked worse than
72.27% of 559 companies
in the Steel industry
Industry Median: 0.41 vs BSP:CMIN3: 0.76

CSN Mineracao Debt-to-Equity Historical Data

The historical data trend for CSN Mineracao'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.

CSN Mineracao Debt-to-Equity Chart

CSN Mineracao Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.17

0.13

0.34

0.74

0.76

CSN Mineracao 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															0.74	0.70	0.74	0.75	0.76

Competitive Comparison of CSN Mineracao's Debt-to-Equity

For the Steel subindustry, CSN Mineracao'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.

CSN Mineracao's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, CSN Mineracao's Debt-to-Equity distribution charts can be found below:

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

CSN Mineracao Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CSN Mineracao'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
	=	(445.182	+	7733.799)	/	10698.697
	=	0.76

CSN Mineracao'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
	=	(445.182	+	7733.799)	/	10698.697
	=	0.76

CSN Mineracao (BSP:CMIN3) 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.

CSN Mineracao Debt-to-Equity Related Terms

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CSN Mineracao (BSP:CMIN3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » CSN Mineracao SA (BSP:CMIN3) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Casa de Pedra, PO Box: 97, Congonhas, MG, BRA, 36415-000

Website

https://www.csn.com.br

CSN Mineracao SA is engaged in the steelmaking business. The company operates in steel, mining, cement, logistics, and energy segments. The product portfolio includes flat, long, steel packaging, steel cutting services, and others.

CSN Mineracao (BSP:CMIN3) Headlines

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