Mills Locacao Servicos e Logistica (BSP:MILS3) Debt-to-Equity : 1.31 (As of Dec. 2024)

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What is Mills Locacao Servicos e Logistica Debt-to-Equity?

Mills Locacao Servicos e Logistica's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was R$346 Mil. Mills Locacao Servicos e Logistica's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was R$1,549 Mil. Mills Locacao Servicos e Logistica's Total Stockholders Equity for the quarter that ended in Dec. 2024 was R$1,445 Mil. Mills Locacao Servicos e Logistica's debt to equity for the quarter that ended in Dec. 2024 was 1.31.

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 Mills Locacao Servicos e Logistica's Debt-to-Equity or its related term are showing as below:

BSP:MILS3' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.4 Max: 1.31
Current: 1.31

During the past 13 years, the highest Debt-to-Equity Ratio of Mills Locacao Servicos e Logistica was 1.31. The lowest was 0.14. And the median was 0.40.

BSP:MILS3's Debt-to-Equity is ranked worse than
80.98% of 920 companies
in the Business Services industry
Industry Median: 0.36 vs BSP:MILS3: 1.31

Mills Locacao Servicos e Logistica Debt-to-Equity Historical Data

The historical data trend for Mills Locacao Servicos e Logistica'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.

Mills Locacao Servicos e Logistica Debt-to-Equity Chart

Mills Locacao Servicos e Logistica Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.24

0.19

0.79

0.68

1.31

Mills Locacao Servicos e Logistica Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															0.68	0.78	1.12	1.13	1.31

Competitive Comparison of Mills Locacao Servicos e Logistica's Debt-to-Equity

For the Rental & Leasing Services subindustry, Mills Locacao Servicos e Logistica'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.

Mills Locacao Servicos e Logistica's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Mills Locacao Servicos e Logistica's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Mills Locacao Servicos e Logistica's Debt-to-Equity falls into.

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Mills Locacao Servicos e Logistica Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mills Locacao Servicos e Logistica's Debt to Equity Ratio for the fiscal year that ended in Dec. 2024 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
	=	(345.882	+	1549.497)	/	1445.279
	=	1.31

Mills Locacao Servicos e Logistica's Debt to Equity Ratio for the quarter that ended in Dec. 2024 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
	=	(345.882	+	1549.497)	/	1445.279
	=	1.31

Mills Locacao Servicos e Logistica (BSP:MILS3) 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.

Mills Locacao Servicos e Logistica Debt-to-Equity Related Terms

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

Mills Locacao Servicos e Logistica Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Mills Locacao Servicos e Logistica SA (BSP:MILS3) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Estrada do Guerengue, 1381, Taquara, Rio de Janeiro, RJ, BRA, 22713-002

Website

https://ri.mills.com.br

Mills Locacao Servicos e Logistica SA operates in the infrastructure, construction, and manufacturing industries. Its activity includes Rental and sale, including imports and exports, of steel and aluminum tubular structures, shoring and access equipment for construction works, as well as reusable concrete formworks. Sale, rental, and distribution of aerial work platforms and telescopic handlers. It has a Construction business unit and Rental business unit segments, and the majority of the revenue derives from the Rental business segment.

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