Sao Carlos Empreend E Participacoes (BSP:SCAR3) Debt-to-Equity: 0.84 (As of Mar. 2026) — 13% 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:SCAR3 Sao Carlos Empreend E Participacoes SA BSP:SCAR3
57 GF Score
Price R$12.32
GF Value R$8.83
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Sao Carlos Empreend E Participacoes Debt-to-Equity?

Sao Carlos Empreend E Participacoes BSP:SCAR3 +1.99% 57 Debt-to-Equity is 0.84 as of Mar. 2026, which is 13% below its 10-year median of 0.96. GuruFocus rates BSP:SCAR3 with a GF Score™ of 57/100 and a GF Value™ of R$8.83 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,543 Real Estate companies, Sao Carlos Empreend E Participacoes ranks worse than 54.7% on this metric.

Sao Carlos Empreend E Participacoes's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was R$121.0 Mil. Sao Carlos Empreend E Participacoes's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was R$747.0 Mil. Sao Carlos Empreend E Participacoes's Total Stockholders Equity for the quarter that ended in Mar. 2026 was R$1,038.8 Mil. Sao Carlos Empreend E Participacoes's debt to equity for the quarter that ended in Mar. 2026 was 0.84.

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 Sao Carlos Empreend E Participacoes's Debt-to-Equity or its related term are showing as below:

BSP:SCAR3' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.7   Med: 0.96   Max: 1.41
Current: 0.84

During the past 13 years, the highest Debt-to-Equity Ratio of Sao Carlos Empreend E Participacoes was 1.41. The lowest was 0.70. And the median was 0.96.

BSP:SCAR3's Debt-to-Equity is ranked worse than
54.7% of 1543 companies
in the Real Estate industry
Industry Median: 0.73 vs BSP:SCAR3: 0.84

Sao Carlos Empreend E Participacoes  (BSP:SCAR3) 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.


Sao Carlos Empreend E Participacoes Debt-to-Equity Related Terms


Sao Carlos Empreend E Participacoes Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Sao Carlos Empreend E 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.

Sao Carlos Empreend E Participacoes Debt-to-Equity Chart

Sao Carlos Empreend E Participacoes 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 1.16 1.32 0.91 0.75 0.96

Sao Carlos Empreend E Participacoes 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 0.76 0.70 0.70 0.96 0.84

BSP:SCAR3 vs CBRE, BEKE, JLL: Debt-to-Equity Comparison

For the Real Estate Services subindustry, Sao Carlos Empreend E 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.


Sao Carlos Empreend E Participacoes Debt-to-Equity vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Sao Carlos Empreend E Participacoes's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sao Carlos Empreend E Participacoes's Debt-to-Equity falls into.


BSP:SCAR3
57GF Score
Sao Carlos Empreend E Participacoes SA BSP:SCAR3
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sao Carlos Empreend E Participacoes Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sao Carlos Empreend E Participacoes's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Sao Carlos Empreend E Participacoes'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 0.84 mean?
Sao Carlos Empreend E Participacoes (BSP:SCAR3) has a Debt-to-Equity of 0.84 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Sao Carlos Empreend E Participacoes and its competitors. This is 13% below median its historical median of 0.96. Over the past decade, Sao Carlos Empreend E Participacoes' Debt-to-Equity has ranged from 0.70 to 1.41. According to the industry distribution chart, Sao Carlos Empreend E Participacoes ranks #844 out of 1543 companies in the Real Estate industry, placing it in the top 54.7%.
Is Sao Carlos Empreend E Participacoes' Debt-to-Equity too high?
Sao Carlos Empreend E Participacoes' current Debt-to-Equity of 0.84 is 13% below median its 10-year median of 0.96. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 1.41. The Real Estate industry median Debt-to-Equity is 0.73. Sao Carlos Empreend E Participacoes' value of 0.84 is 15.1% above this industry median. Based on the distribution chart, Sao Carlos Empreend E Participacoes ranks #844 out of 1543 companies in the Real Estate industry, which is below the industry midpoint. Overall, Sao Carlos Empreend E Participacoes has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sao Carlos Empreend E Participacoes' Debt-to-Equity compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Sao Carlos Empreend E Participacoes ranks #844 out of 1543 companies for Debt-to-Equity. This places Sao Carlos Empreend E Participacoes in the lower half of its industry. The industry median Debt-to-Equity is 0.73. Sao Carlos Empreend E Participacoes' value of 0.84 is 15.1% above this benchmark. Historically, Sao Carlos Empreend E Participacoes' own Debt-to-Equity has ranged from 0.70 to 1.41 over the past decade. While the company's 10-year median is 0.96 vs. the industry median of 0.73, Sao Carlos Empreend E Participacoes 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 Real Estate company?
The median Debt-to-Equity among Real Estate companies is 0.73, based on 1,543 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. Sao Carlos Empreend E Participacoes's current Debt-to-Equity of 0.84 is 15.1% 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 Sao Carlos Empreend E Participacoes and its competitors. For the Real Estate industry, the median Debt-to-Equity is 0.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sao Carlos Empreend E Participacoes's current Debt-to-Equity is 0.84, which is 13% below median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sao Carlos Empreend E Participacoes stock overvalued right now?
Based on GuruFocus' analysis, Sao Carlos Empreend E Participacoes (BSP:SCAR3) is currently considered Significantly Overvalued. The stock's GF Value™ is R$8.83, compared to a current price of R$12.32 — trading 39.5% above its estimated fair value. The current Debt-to-Equity is 0.84, which is 13% below median its 10-year median of 0.96 and 15.1% above the Real Estate industry median of 0.73. Sao Carlos Empreend E Participacoes' overall GF Score™ is 57/100 with 7 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 Sao Carlos Empreend E Participacoes (BSP:SCAR3), the current Debt-to-Equity is 0.84 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 Sao Carlos Empreend E Participacoes (BSP:SCAR3) Overvalued in 2026?

Based on GuruFocus' analysis, Sao Carlos Empreend E Participacoes stock appears to be overvalued. The current stock price of R$12.32 is trading 39.5% above its estimated GF Value™ of R$8.83. GuruFocus considers Sao Carlos Empreend E Participacoes to be Significantly Overvalued.

Key valuation signals for BSP:SCAR3:

  • Debt-to-Equity: 0.84 (13% below median its 10-year median of 0.96)
  • GF Value™: R$8.83 vs. price of R$12.32 (39.5% above fair value)
  • GF Score™: 57/100 with 7 warning signs
  • Industry Position: 15.1% above the Real Estate median (#844 of 1543)

No single metric tells the full story. See the BSP:SCAR3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sao Carlos Empreend E Participacoes Business Description

Address 153, Rua Dr. Eduardo de Souza Aranha, 12th Floor, Vila Nova Conceicao, Sao Paulo, SP, BRA, 4543904
Sao Carlos Empreend E Participacoes SA is a commercial real estate investment companies in Brazil. It is primarily involved in the management of own or third-party real estate projects, including shopping malls; purchase and sale of completed or under construction residential and office properties, land or undivided interests in the properties; property leasing; operation of short-term parking lots and others. Geographically, the group owns and operates a portfolio of high-rise office buildings and convenience centers in Sao Paulo and Rio de Janeiro. The company recognizes revenue from the sale of properties.
57GF Score

Get the complete analysis for BSP:SCAR3

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

R$12.32
Price
R$8.83
GF Value