Plascar Participacoes Industriais (BSP:PLAS3) Debt-to-Equity : -0.72 (As of Mar. 2024)

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What is Plascar Participacoes Industriais Debt-to-Equity?

Plascar Participacoes Industriais's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$193.0 Mil. Plascar Participacoes Industriais's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$122.8 Mil. Plascar Participacoes Industriais's Total Stockholders Equity for the quarter that ended in Mar. 2024 was R$-439.3 Mil. Plascar Participacoes Industriais's debt to equity for the quarter that ended in Mar. 2024 was -0.72.

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

BSP:PLAS3' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.84 Med: -0.88 Max: 46.25
Current: -0.72

During the past 13 years, the highest Debt-to-Equity Ratio of Plascar Participacoes Industriais was 46.25. The lowest was -4.84. And the median was -0.88.

BSP:PLAS3's Debt-to-Equity is not ranked
in the Vehicles & Parts industry.
Industry Median: 0.47 vs BSP:PLAS3: -0.72

Plascar Participacoes Industriais Debt-to-Equity Historical Data

The historical data trend for Plascar Participacoes Industriais'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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Plascar Participacoes Industriais Debt-to-Equity Chart

Plascar Participacoes Industriais Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-2.71

-0.97

-0.63

-0.80

-0.72

Plascar Participacoes Industriais 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															-0.69	-0.90	-0.83	-0.72	-0.72

Competitive Comparison of Plascar Participacoes Industriais's Debt-to-Equity

For the Auto Parts subindustry, Plascar Participacoes Industriais'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.

Plascar Participacoes Industriais's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Plascar Participacoes Industriais's Debt-to-Equity distribution charts can be found below:

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

Plascar Participacoes Industriais Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Plascar Participacoes Industriais'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
	=	(155.135	+	139.985)	/	-409.281
	=	-0.72

Plascar Participacoes Industriais's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(192.954	+	122.803)	/	-439.298
	=	-0.72

Plascar Participacoes Industriais (BSP:PLAS3) 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.

Plascar Participacoes Industriais Debt-to-Equity Related Terms

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

Plascar Participacoes Industriais (BSP:PLAS3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Plascar Participacoes Industriais SA (BSP:PLAS3) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Wilhelm Winter, 300 Distrito Industrial, Jundiai, SP, BRA, CEP 13213-000

Website

https://www.plascar.com.br

Plascar Participacoes Industriais SA is engaged in manufacturing and distributing auto parts. The company with its subsidiaries is involved in the manufacturing and sales of pieces and parts related to internal and external finishing of automotive vehicles. In addition, the company is also involved in the manufacturing of non-automotive products, such as supermarket trolleys, multipurpose boxes, ecological pallets, and furniture. The company product portfolio includes products like includes bumpers, instrument panels, air diffusers, cup holders, side doors, door pockets, and carpets.

Plascar Participacoes Industriais (BSP:PLAS3) Headlines

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