BRF (BRFS) Debt-to-EBITDA : 2.01 (As of Dec. 2023)

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What is BRF Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

BRF's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $693 Mil. BRF's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,168 Mil. BRF's annualized EBITDA for the quarter that ended in Dec. 2023 was $2,418 Mil. BRF's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.01.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for BRF's Debt-to-EBITDA or its related term are showing as below:

BRFS' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.47 Med: 4.96 Max: 23.12
Current: 4.49

During the past 13 years, the highest Debt-to-EBITDA Ratio of BRF was 23.12. The lowest was 2.47. And the median was 4.96.

BRFS's Debt-to-EBITDA is ranked worse than
72.23% of 1426 companies
in the Consumer Packaged Goods industry
Industry Median: 2.145 vs BRFS: 4.49

BRF Debt-to-EBITDA Historical Data

The historical data trend for BRF's Debt-to-EBITDA 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.

BRF Debt-to-EBITDA Chart

BRF Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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3.61

4.18

5.09

7.77

4.84

BRF Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															6.95	10.60	15.23	5.17	2.01

Competitive Comparison of BRF's Debt-to-EBITDA

For the Packaged Foods subindustry, BRF's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.

BRF's Debt-to-EBITDA Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, BRF's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where BRF's Debt-to-EBITDA falls into.

BRF Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

BRF's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(693.123	+	4167.768)	/	1003.979
	=	4.84

BRF's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(693.123	+	4167.768)	/	2417.668
	=	2.01

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2023) EBITDA data.

BRF (NYSE:BRFS) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

BRF Debt-to-EBITDA Related Terms

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

BRF (BRFS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » BRF SA (NYSE:BRFS) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

BRFS:Mexico P5Y:Germany BRFS3:Brazil BRFS:Argentina

Address

Avenida das Nacoes Unidas, 8501 – 1st Floor, Pinheiros, Sao Paulo, SP, BRA, 05425-070

Website

https://www.brf-global.com

BRF SA is an international producer of fresh and frozen protein foods. The firm's segments are In natura (poultry, pork, bovine, and other), Processed foods, and Other sales. The product portfolio includes marinated, frozen, whole and cut meat, specialty meats, portioned products, and frozen prepared entrees. The company also offers margarine, sweet specialties, sandwiches, mayonnaise, and animal feed. Its most well-known brands are Sadia, Chester, Perdix, Paty, Perdigao, and Qualy. Internationally, the portfolio's leading brand is Sadia, which is present in multiple categories in Middle Eastern countries. Geographically, sales are distributed evenly between Brazil and international markets.