Hidrovias DO Brasil (BSP:HBSA3) Debt-to-Equity: 1.85 (As of Mar. 2026) — 32% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:HBSA3 Hidrovias DO Brasil SA BSP:HBSA3
69 GF Score
Price R$3.05
GF Value R$2.68
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Hidrovias DO Brasil Debt-to-Equity?

Hidrovias DO Brasil BSP:HBSA3 -2.24% 69 Debt-to-Equity is 1.85 as of Mar. 2026, which is 32% below its 10-year median of 2.74. GuruFocus rates BSP:HBSA3 with a GF Score™ of 69/100 and a GF Value™ of R$2.68 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 908 Transportation companies, Hidrovias DO Brasil ranks worse than 87% on this metric.

Hidrovias DO Brasil's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was R$114 Mil. Hidrovias DO Brasil's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was R$3,603 Mil. Hidrovias DO Brasil's Total Stockholders Equity for the quarter that ended in Mar. 2026 was R$2,006 Mil. Hidrovias DO Brasil's debt to equity for the quarter that ended in Mar. 2026 was 1.85.

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 Hidrovias DO Brasil's Debt-to-Equity or its related term are showing as below:

BSP:HBSA3' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.62   Med: 2.74   Max: 4.87
Current: 1.85

During the past 13 years, the highest Debt-to-Equity Ratio of Hidrovias DO Brasil was 4.87. The lowest was 1.62. And the median was 2.74.

BSP:HBSA3's Debt-to-Equity is ranked worse than
87% of 908 companies
in the Transportation industry
Industry Median: 0.53 vs BSP:HBSA3: 1.85

Hidrovias DO Brasil  (BSP:HBSA3) 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.


Hidrovias DO Brasil Debt-to-Equity Related Terms


Hidrovias DO Brasil Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Hidrovias DO Brasil'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.

Hidrovias DO Brasil Debt-to-Equity Chart

Hidrovias DO Brasil Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.96 3.42 3.08 4.87 1.72

Hidrovias DO Brasil Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 4.06 1.70 1.63 1.72 1.85

BSP:HBSA3 vs UPS, FDX, JBHT: Debt-to-Equity Comparison

For the Integrated Freight & Logistics subindustry, Hidrovias DO Brasil'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.


Hidrovias DO Brasil Debt-to-Equity vs Transportation Industry

For the Transportation industry and Industrials sector, Hidrovias DO Brasil's Debt-to-Equity distribution charts can be found below:

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


BSP:HBSA3
69GF Score
Hidrovias DO Brasil SA BSP:HBSA3
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hidrovias DO Brasil Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hidrovias DO Brasil's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Hidrovias DO Brasil's Debt to Equity Ratio for the quarter that ended in Mar. 2026 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 1.85 mean?
Hidrovias DO Brasil (BSP:HBSA3) has a Debt-to-Equity of 1.85 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Hidrovias DO Brasil and its competitors. This is 32% below median its historical median of 2.74. Over the past decade, Hidrovias DO Brasil's Debt-to-Equity has ranged from 1.62 to 4.87. According to the industry distribution chart, Hidrovias DO Brasil ranks #790 out of 908 companies in the Transportation industry, placing it in the top 87%.
Is Hidrovias DO Brasil's Debt-to-Equity too high?
Hidrovias DO Brasil's current Debt-to-Equity of 1.85 is 32% below median its 10-year median of 2.74. Over the past 10 years, this metric has ranged from a low of 1.62 to a high of 4.87. The Transportation industry median Debt-to-Equity is 0.53. Hidrovias DO Brasil's value of 1.85 is 249.1% above this industry median. Based on the distribution chart, Hidrovias DO Brasil ranks #790 out of 908 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Hidrovias DO Brasil has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hidrovias DO Brasil's Debt-to-Equity compare to UPS and FDX?
According to the Transportation industry distribution chart, Hidrovias DO Brasil ranks #790 out of 908 companies for Debt-to-Equity. This places Hidrovias DO Brasil in the lower half of its industry. The industry median Debt-to-Equity is 0.53. Hidrovias DO Brasil's value of 1.85 is 249.1% above this benchmark. Historically, Hidrovias DO Brasil's own Debt-to-Equity has ranged from 1.62 to 4.87 over the past decade. While the company's 10-year median is 2.74 vs. the industry median of 0.53, Hidrovias DO Brasil has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Transportation company?
The median Debt-to-Equity among Transportation companies is 0.53, based on 908 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hidrovias DO Brasil's current Debt-to-Equity of 1.85 is 249.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Hidrovias DO Brasil and its competitors. For the Transportation industry, the median Debt-to-Equity is 0.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hidrovias DO Brasil's current Debt-to-Equity is 1.85, which is 32% below median its own 10-year median of 2.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hidrovias DO Brasil stock overvalued right now?
Based on GuruFocus' analysis, Hidrovias DO Brasil (BSP:HBSA3) is currently considered Modestly Overvalued. The stock's GF Value™ is R$2.68, compared to a current price of R$3.05 — trading 13.8% above its estimated fair value. The current Debt-to-Equity is 1.85, which is 32% below median its 10-year median of 2.74 and 249.1% above the Transportation industry median of 0.53. Hidrovias DO Brasil's overall GF Score™ is 69/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Hidrovias DO Brasil (BSP:HBSA3), the current Debt-to-Equity is 1.85 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hidrovias DO Brasil (BSP:HBSA3) Overvalued in 2026?

Based on GuruFocus' analysis, Hidrovias DO Brasil stock appears to be overvalued. The current stock price of R$3.05 is trading 13.8% above its estimated GF Value™ of R$2.68. GuruFocus considers Hidrovias DO Brasil to be Modestly Overvalued.

Key valuation signals for BSP:HBSA3:

  • Debt-to-Equity: 1.85 (32% below median its 10-year median of 2.74)
  • GF Value™: R$2.68 vs. price of R$3.05 (13.8% above fair value)
  • GF Score™: 69/100 with 2 warning signs
  • Industry Position: 249.1% above the Transportation median (#790 of 908)

No single metric tells the full story. See the BSP:HBSA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hidrovias DO Brasil Business Description

Address Avenida Brigadeiro Luis Antonio, 1343, 7th Floor, bairro Bela Vista, Sao Paulo, SP, BRA, 01317-001
Hidrovias DO Brasil SA provides integrated logistics solutions for waterway handling and transportation in Brazil and abroad. Its activities include transportation of goods; construction and operation of ports, cargo terminals, shipyards, workshops, and warehouses; river and sea navigation, coastal navigation, and storage of goods; provision of logistics services, either directly or through third parties; other related activities or activities that are somehow related to its business purpose. Its segments include North Corridor, South Corridor, and Santos, with the majority of the revenue deriving from North Corridor segment that provides integrated logistics services for the transportation of products through cargo transshipment and river navigation.
69GF Score

Get the complete analysis for BSP:HBSA3

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$3.05
Price
R$2.68
GF Value