Movida Participacoes (BSP:MOVI3) Debt-to-Equity : 6.09 (As of Dec. 2023)

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What is Movida Participacoes Debt-to-Equity?

Movida Participacoes's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$1,344 Mil. Movida Participacoes's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$14,018 Mil. Movida Participacoes's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$2,522 Mil. Movida Participacoes's debt to equity for the quarter that ended in Dec. 2023 was 6.09.

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

BSP:MOVI3' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.6 Med: 1.53 Max: 6.42
Current: 6.09

During the past 10 years, the highest Debt-to-Equity Ratio of Movida Participacoes was 6.42. The lowest was 0.60. And the median was 1.53.

BSP:MOVI3's Debt-to-Equity is ranked worse than
96.95% of 919 companies
in the Business Services industry
Industry Median: 0.38 vs BSP:MOVI3: 6.09

Movida Participacoes Debt-to-Equity Historical Data

The historical data trend for Movida Participacoes'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.

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Movida Participacoes Debt-to-Equity Chart

Movida Participacoes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.37

1.93

4.50

6.42

6.09

Movida Participacoes Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															5.41	4.56	4.54	6.09	N/A

Competitive Comparison of Movida Participacoes's Debt-to-Equity

For the Rental & Leasing Services subindustry, Movida Participacoes'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.

Movida Participacoes's Debt-to-Equity Distribution in the Business Services Industry

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

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

Movida Participacoes Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Movida Participacoes'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
	=	(1343.752	+	14017.987)	/	2522.137
	=	6.09

Movida Participacoes'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
	=	(1343.752	+	14017.987)	/	2522.137
	=	6.09

Movida Participacoes (BSP:MOVI3) 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.

Movida Participacoes Debt-to-Equity Related Terms

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

Movida Participacoes (BSP:MOVI3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Movida Participacoes SA (BSP:MOVI3) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Renato Paes de Barros street, 9th floor, Sao Paulo, SP, BRA, 04530-001

Website

https://www.movida.com.br/

Movida Participacoes SA through its subsidiaries is engaged in car rental activities in Brazil. The business activities of the group function through Rent a Car (RAC) and light vehicle fleet management and outsourcing segments. The Rent a car segment is responsible for car rental in stores located inside and outside airports, and Fleet Management and Outsourcing segment provides car rental services signed through long-term contracts with corporate clients. In addition, the group is also involved in the sale of used cars. Geographically activities are carried out in Brazil and the company derives revenue from rental activities.

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