Usinas Siderurgicas de Minas Gerais (BSP:USIM3) Debt-to-EBITDA

: 3.76 (As of Mar. 2024)

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

Usinas Siderurgicas de Minas Gerais's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$1,051 Mil. Usinas Siderurgicas de Minas Gerais's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$5,969 Mil. Usinas Siderurgicas de Minas Gerais's annualized EBITDA for the quarter that ended in Mar. 2024 was R$1,866 Mil. Usinas Siderurgicas de Minas Gerais's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 3.76.

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 Usinas Siderurgicas de Minas Gerais's Debt-to-EBITDA or its related term are showing as below:

BSP:USIM3' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -2.69 Med: 2.55 Max: 4.85
Current: 2.52

During the past 13 years, the highest Debt-to-EBITDA Ratio of Usinas Siderurgicas de Minas Gerais was 4.85. The lowest was -2.69. And the median was 2.55.

BSP:USIM3's Debt-to-EBITDA is ranked better than
51.32% of 493 companies
in the Steel industry
Industry Median: 2.63 vs BSP:USIM3: 2.52

Usinas Siderurgicas de Minas Gerais Debt-to-EBITDA Historical Data

The historical data trend for Usinas Siderurgicas de Minas Gerais'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.

Usinas Siderurgicas de Minas Gerais Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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3.08

2.17

0.52

1.52

2.60

Usinas Siderurgicas de Minas Gerais Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial															1.65	2.10	-29.69	1.72	3.76

Competitive Comparison

For the Steel subindustry, Usinas Siderurgicas de Minas Gerais'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.

Usinas Siderurgicas de Minas Gerais Debt-to-EBITDA Distribution

For the Steel industry and Basic Materials sector, Usinas Siderurgicas de Minas Gerais's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Usinas Siderurgicas de Minas Gerais's Debt-to-EBITDA falls into.

Usinas Siderurgicas de Minas Gerais Debt-to-EBITDA Calculation

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

Usinas Siderurgicas de Minas Gerais'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
	=	(1745.169	+	5855.413)	/	2918.844
	=	2.60

Usinas Siderurgicas de Minas Gerais's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1050.72	+	5969.322)	/	1866.484
	=	3.76

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 (Mar. 2024) EBITDA data.

Usinas Siderurgicas de Minas Gerais (BSP:USIM3) 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.

Usinas Siderurgicas de Minas Gerais Debt-to-EBITDA Related Terms

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

Usinas Siderurgicas de Minas Gerais (BSP:USIM3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Usinas Siderurgicas de Minas Gerais SA (BSP:USIM3) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

USNZY:USA XUSIO:Spain XUSI:Spain U1S1:Germany USIM6:Brazil USIM5:Brazil

Address

Rua Professor Jose Vieira de Mendonca, 3.011 - Engenho Nogueira, Belo Horizonte, MG, BRA, 31310-260

Website

https://www.usiminas.com

Usinas Siderurgicas de Minas Gerais SA is a Brazil-based company that is primarily engaged in the production and distribution of flat steel products. The company's product portfolio consists of ordinary heavy plates, Sincron series premium heavy plates, hot strips, cold-rolled products, and galvanized products. These products are used in automotive, civil construction, railway, electric, white goods, offshore platforms, and agricultural and construction machinery. The Brazilian domestic market represents the majority of the company's sales, while the United States, Argentina, and Turkey are the three biggest export destination markets for the company.

Usinas Siderurgicas de Minas Gerais (BSP:USIM3) Headlines

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