Ouro Finoude Animal Participacoes (BSP:OFSA3) Debt-to-Equity : 0.63 (As of Dec. 2023)

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What is Ouro Finoude Animal Participacoes Debt-to-Equity?

Ouro Finoude Animal Participacoes's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$98.9 Mil. Ouro Finoude Animal Participacoes's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$333.1 Mil. Ouro Finoude Animal Participacoes's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$689.4 Mil. Ouro Finoude Animal Participacoes's debt to equity for the quarter that ended in Dec. 2023 was 0.63.

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

BSP:OFSA3' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.56 Med: 0.63 Max: 0.84
Current: 0.63

During the past 10 years, the highest Debt-to-Equity Ratio of Ouro Finoude Animal Participacoes was 0.84. The lowest was 0.56. And the median was 0.63.

BSP:OFSA3's Debt-to-Equity is ranked worse than
73.83% of 856 companies
in the Drug Manufacturers industry
Industry Median: 0.29 vs BSP:OFSA3: 0.63

Ouro Finoude Animal Participacoes Debt-to-Equity Historical Data

The historical data trend for Ouro Finoude Animal 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.

* Premium members only.

Ouro Finoude Animal Participacoes Debt-to-Equity Chart

Ouro Finoude Animal Participacoes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.57

0.70

0.60

0.56

0.63

Ouro Finoude Animal Participacoes Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.56	0.56	0.61	0.53	0.63

Competitive Comparison of Ouro Finoude Animal Participacoes's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Ouro Finoude Animal 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.

Ouro Finoude Animal Participacoes's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Ouro Finoude Animal Participacoes's Debt-to-Equity distribution charts can be found below:

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

Ouro Finoude Animal Participacoes Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ouro Finoude Animal 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
	=	(98.852	+	333.122)	/	689.374
	=	0.63

Ouro Finoude Animal 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
	=	(98.852	+	333.122)	/	689.374
	=	0.63

Ouro Finoude Animal Participacoes (BSP:OFSA3) 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.

Ouro Finoude Animal Participacoes Debt-to-Equity Related Terms

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

Ouro Finoude Animal Participacoes (BSP:OFSA3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ouro Fino Saude Animal Participacoes SA (BSP:OFSA3) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Anhanguera Highway SP 330, Km 298, Industrial District, Cravinhos, SP, BRA, 14140-000

Website

https://www.ourofinosaudeanimal.com

Ouro Fino Saude Animal Participacoes SA is engaged in the production and sale of veterinary drugs, vaccines, and other products for cattle, pigs, poultry, sheep, horses and goats and pets. The company reportable segments are Production animals, Companion animals, and International operations. It generates maximum revenue from the Production animals segment. The product portfolio includes Anticoccidials, Antimicrobials, Biological, Ectoparasiticides, Endectocides, Fortifiers / Supplements, and others.

Ouro Finoude Animal Participacoes (BSP:OFSA3) Headlines

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