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Correa Ribeiro Comercio e Industria (BSP:CORR3) Debt-to-Equity : 0.05 (As of Sep. 2023)


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What is Correa Ribeiro Comercio e Industria Debt-to-Equity?

Correa Ribeiro Comercio e Industria's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R$0.00 Mil. Correa Ribeiro Comercio e Industria's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R$0.24 Mil. Correa Ribeiro Comercio e Industria's Total Stockholders Equity for the quarter that ended in Sep. 2023 was R$4.67 Mil. Correa Ribeiro Comercio e Industria's debt to equity for the quarter that ended in Sep. 2023 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 Correa Ribeiro Comercio e Industria's Debt-to-Equity or its related term are showing as below:

BSP:CORR3' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05   Med: 0.1   Max: 0.14
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of Correa Ribeiro Comercio e Industria was 0.14. The lowest was 0.05. And the median was 0.10.

BSP:CORR3's Debt-to-Equity is not ranked
in the Real Estate industry.
Industry Median: 0.76 vs BSP:CORR3: 0.05

Correa Ribeiro Comercio e Industria Debt-to-Equity Historical Data

The historical data trend for Correa Ribeiro Comercio e Industria'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.

Correa Ribeiro Comercio e Industria Debt-to-Equity Chart

Correa Ribeiro Comercio e Industria Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Debt-to-Equity
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Correa Ribeiro Comercio e Industria Quarterly Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - 0.05

Competitive Comparison of Correa Ribeiro Comercio e Industria's Debt-to-Equity

For the Real Estate Services subindustry, Correa Ribeiro Comercio e Industria'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.


Correa Ribeiro Comercio e Industria's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Correa Ribeiro Comercio e Industria's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Correa Ribeiro Comercio e Industria's Debt-to-Equity falls into.



Correa Ribeiro Comercio e Industria Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Correa Ribeiro Comercio e Industria's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Correa Ribeiro Comercio e Industria's Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

* 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.


Correa Ribeiro Comercio e Industria  (BSP:CORR3) 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.


Correa Ribeiro Comercio e Industria Debt-to-Equity Related Terms

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Correa Ribeiro Comercio e Industria (BSP:CORR3) Business Description

Traded in Other Exchanges
N/A
Address
Av Centenario 2411, Sala 1105, Salvador, BA, BRA, 40155151
Website
Correa Ribeiro SA Comercio e Industria, together with its subsidiaries, engages in the administration, sale and leasing of residential properties.

Correa Ribeiro Comercio e Industria (BSP:CORR3) Headlines

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