Simpar (BSP:SIMH3) Debt-to-Equity

: 13.73 (As of Dec. 2023)

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Simpar's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$4,559 Mil. Simpar's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$41,120 Mil. Simpar's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$3,326 Mil. Simpar's debt to equity for the quarter that ended in Dec. 2023 was 13.73.

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

BSP:SIMH3' s Debt-to-Equity Range Over the Past 10 Years
Min: 9.39 Med: 11.78 Max: 13.95
Current: 13.73

During the past 4 years, the highest Debt-to-Equity Ratio of Simpar was 13.95. The lowest was 9.39. And the median was 11.78.

BSP:SIMH3's Debt-to-Equity is ranked worse than
99.46% of 930 companies
in the Business Services industry
Industry Median: 0.4 vs BSP:SIMH3: 13.73

Simpar Debt-to-Equity Historical Data

The historical data trend for Simpar'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.

Simpar Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

9.39

9.83

13.95

13.73

Simpar Quarterly Data
	Mar19	Jun19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity															13.95	13.75	13.03	11.69	13.73

Competitive Comparison

For the Rental & Leasing Services subindustry, Simpar'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.

Simpar Debt-to-Equity Distribution

For the Business Services industry and Industrials sector, Simpar's Debt-to-Equity distribution charts can be found below:

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

Simpar Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Simpar'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
	=	(4559.392	+	41120.43)	/	3326.246
	=	13.73

Simpar'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
	=	(4559.392	+	41120.43)	/	3326.246
	=	13.73

Simpar (BSP:SIMH3) 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.

Simpar Debt-to-Equity Related Terms

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

Simpar (BSP:SIMH3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Simpar SA (BSP:SIMH3) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Dr. Renato Paes de Barros no 1017, 10th Floor, conjunto 101, Itaim Bibi, Sao Paulo, SP, BRA, 04530-001

Website

https://ri.simpar.com.br

Simpar SA is a holding company, through its subsidiaries is engaged in road logistics services; rental and sale of trucks, machinery and equipment; public sector and mixed economy services; dealership of light vehicles; leasing, freight payment and financial services; and car rental of light vehicles. The group operates in seven reportable segments JSL, Movida, Vamos, CS Brasil, CS Infra, Automob, and Banco BBC.

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