Gerdau (BSP:GGBR3) Debt-to-Equity : 0.25 (As of Dec. 2023)

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What is Gerdau Debt-to-Equity?

Gerdau's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$2,171 Mil. Gerdau's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$10,025 Mil. Gerdau's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$49,059 Mil. Gerdau's debt to equity for the quarter that ended in Dec. 2023 was 0.25.

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

BSP:GGBR3' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.25 Med: 0.6 Max: 0.86
Current: 0.25

During the past 13 years, the highest Debt-to-Equity Ratio of Gerdau was 0.86. The lowest was 0.25. And the median was 0.60.

BSP:GGBR3's Debt-to-Equity is ranked better than
67.62% of 559 companies
in the Steel industry
Industry Median: 0.41 vs BSP:GGBR3: 0.25

Gerdau Debt-to-Equity Historical Data

The historical data trend for Gerdau'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.

Gerdau Debt-to-Equity Chart

Gerdau Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.63

0.60

0.35

0.30

0.25

Gerdau 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															0.30	0.28	0.24	0.25	0.25

Competitive Comparison of Gerdau's Debt-to-Equity

For the Steel subindustry, Gerdau'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.

Gerdau's Debt-to-Equity Distribution in the Steel Industry

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

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

Gerdau Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gerdau'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
	=	(2170.773	+	10025.129)	/	49058.959
	=	0.25

Gerdau'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
	=	(2170.773	+	10025.129)	/	49058.959
	=	0.25

Gerdau (BSP:GGBR3) 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.

Gerdau Debt-to-Equity Related Terms

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

Gerdau (BSP:GGBR3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Gerdau SA (BSP:GGBR3) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GGB:USA GGBN:Mexico XGGB:Spain GDUB:Germany GGBR4:Brazil GGB:Argentina

Address

Avenida Dra. Ruth Cardoso, 8,501 - 8th Floor, Sao Paulo, SP, BRA, 05425-070

Website

https://www.gerdau.com

Gerdau SA produces steel and steel products. The company operates in civil construction, agriculture, automotive, iron ore, exports, research and development, and home steel products sectors. It offers products such as nails, rebar, columns, billets, slabs, tribar tutor, mechanical construction bars, reinforced steel locks. The company's geographical segment includes Brazil Operations; North America Operations; South America Operations as well as Special Steel Operations. It derives most of the revenue from the Brazil Operations segment.

Gerdau (BSP:GGBR3) Headlines

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