Fras-le (BSP:FRAS3) Debt-to-Equity : 0.56 (As of Dec. 2023)

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What is Fras-le Debt-to-Equity?

Fras-le's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$322 Mil. Fras-le's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$711 Mil. Fras-le's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$1,838 Mil. Fras-le's debt to equity for the quarter that ended in Dec. 2023 was 0.56.

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

BSP:FRAS3' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 0.63 Max: 1.13
Current: 0.56

During the past 13 years, the highest Debt-to-Equity Ratio of Fras-le was 1.13. The lowest was 0.28. And the median was 0.63.

BSP:FRAS3's Debt-to-Equity is ranked worse than
55.79% of 1174 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs BSP:FRAS3: 0.56

Fras-le Debt-to-Equity Historical Data

The historical data trend for Fras-le'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.

Fras-le Debt-to-Equity Chart

Fras-le Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.65

1.13

1.03

0.61

0.56

Fras-le 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															0.61	0.59	0.56	0.53	0.56

Competitive Comparison of Fras-le's Debt-to-Equity

For the Auto Parts subindustry, Fras-le'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.

Fras-le's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Fras-le's Debt-to-Equity distribution charts can be found below:

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

Fras-le Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fras-le'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
	=	(321.665	+	711.45)	/	1838.188
	=	0.56

Fras-le'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
	=	(321.665	+	711.45)	/	1838.188
	=	0.56

Fras-le (BSP:FRAS3) 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.

Fras-le Debt-to-Equity Related Terms

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

Fras-le (BSP:FRAS3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fras-le SA (BSP:FRAS3) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rodovia Rs 122 - Km 660, 945 - Prédio Adm, Caxias Do Sul, RS, BRA, 95010550

Website

http://www.fras-le.com.br

Fras-le SA is engaged in manufacturing, marketing and import of components for brakes, couplings, transmissions, friction materials, resin-based products, auto parts, plastic artifacts and their derivative products. The company offers brake linings and pads for commercial vehicles; disc brake pads for hydraulic breaks for passenger and utility vehicles; brake linings and shoes for light vehicles; clutch facings for automotive vehicles; and motorcycle pads and shoes. It also provides aircraft pads; refitters; and pads and shoes for trains and subways, as well as universal flat sheets, molded and woven linings, and flexible molded blocks for industrial applications.

Fras-le (BSP:FRAS3) Headlines

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