Tres Tentos Agroindustrial (BSP:TTEN3) Debt-to-Equity : 0.36 (As of Dec. 2023)

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What is Tres Tentos Agroindustrial Debt-to-Equity?

Tres Tentos Agroindustrial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$473 Mil. Tres Tentos Agroindustrial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$724 Mil. Tres Tentos Agroindustrial's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$3,348 Mil. Tres Tentos Agroindustrial's debt to equity for the quarter that ended in Dec. 2023 was 0.36.

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 Tres Tentos Agroindustrial's Debt-to-Equity or its related term are showing as below:

BSP:TTEN3' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 0.37 Max: 0.79
Current: 0.36

During the past 4 years, the highest Debt-to-Equity Ratio of Tres Tentos Agroindustrial was 0.79. The lowest was 0.32. And the median was 0.37.

BSP:TTEN3's Debt-to-Equity is ranked worse than
52.04% of 221 companies
in the Agriculture industry
Industry Median: 0.34 vs BSP:TTEN3: 0.36

Tres Tentos Agroindustrial Debt-to-Equity Historical Data

The historical data trend for Tres Tentos Agroindustrial'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.

Tres Tentos Agroindustrial Debt-to-Equity Chart

Tres Tentos Agroindustrial Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.79

0.32

0.38

0.36

Tres Tentos Agroindustrial Quarterly Data
	Sep20	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								0.38	0.38	0.40	0.36	0.36

Competitive Comparison of Tres Tentos Agroindustrial's Debt-to-Equity

For the Agricultural Inputs subindustry, Tres Tentos Agroindustrial'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.

Tres Tentos Agroindustrial's Debt-to-Equity Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Tres Tentos Agroindustrial's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tres Tentos Agroindustrial's Debt-to-Equity falls into.

Tres Tentos Agroindustrial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tres Tentos Agroindustrial'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
	=	(472.686	+	723.574)	/	3347.737
	=	0.36

Tres Tentos Agroindustrial'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
	=	(472.686	+	723.574)	/	3347.737
	=	0.36

Tres Tentos Agroindustrial (BSP:TTEN3) 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.

Tres Tentos Agroindustrial Debt-to-Equity Related Terms

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Tres Tentos Agroindustrial (BSP:TTEN3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Tres Tentos Agroindustrial SA (BSP:TTEN3) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenue Principal, 187, P.O. Box 41, Distrito Industrial, Santa Barbara do Sul, RS, BRA, 98240-000

Website

https://www.3tentos.com.br

Tres Tentos Agroindustrial SA is an agricultural company that offers vertically oriented and integrated solutions to farmers and a wide range of retail products in the agricultural input, grain, and industrial segments. The company also offers farmers' training, consulting, and technical services. the reporting segments of the Company are; Agricultural inputs include the marketing of fertilizers, plant-protection products, foliar fertilizers, and soybean, corn, and wheat seeds, Grains include operations involving the physical receipt, standardization, and trading of grain acquired from third parties, and Industry include operations involving the processing of soybean to produce meal and biodiesel.

Tres Tentos Agroindustrial (BSP:TTEN3) Headlines

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