Companhia Deneamento Basico Do Estado Deo Paulo (Companhia Deneamento Basico Do Estado Deo Paulo) Debt-to-Equity : 0.64 (As of Sep. 2023)

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What is Companhia Deneamento Basico Do Estado Deo Paulo Debt-to-Equity?

Companhia Deneamento Basico Do Estado Deo Paulo's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $537 Mil. Companhia Deneamento Basico Do Estado Deo Paulo's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $3,311 Mil. Companhia Deneamento Basico Do Estado Deo Paulo's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $5,992 Mil. Companhia Deneamento Basico Do Estado Deo Paulo's debt to equity for the quarter that ended in Sep. 2023 was 0.64.

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 Companhia Deneamento Basico Do Estado Deo Paulo's Debt-to-Equity or its related term are showing as below:

SBS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.6 Med: 0.71 Max: 0.96
Current: 0.64

During the past 13 years, the highest Debt-to-Equity Ratio of Companhia Deneamento Basico Do Estado Deo Paulo was 0.96. The lowest was 0.60. And the median was 0.71.

SBS's Debt-to-Equity is ranked better than
58.19% of 476 companies
in the Utilities - Regulated industry
Industry Median: 0.84 vs SBS: 0.64

Companhia Deneamento Basico Do Estado Deo Paulo Debt-to-Equity Historical Data

The historical data trend for Companhia Deneamento Basico Do Estado Deo Paulo'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.

Companhia Deneamento Basico Do Estado Deo Paulo Debt-to-Equity Chart

Companhia Deneamento Basico Do Estado Deo Paulo Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.67

0.61

0.76

0.71

0.69

Companhia Deneamento Basico Do Estado Deo Paulo Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.69	0.69	0.65	0.65	0.64

Competitive Comparison of Companhia Deneamento Basico Do Estado Deo Paulo's Debt-to-Equity

For the Utilities - Regulated Water subindustry, Companhia Deneamento Basico Do Estado Deo Paulo'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.

Companhia Deneamento Basico Do Estado Deo Paulo's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Companhia Deneamento Basico Do Estado Deo Paulo's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Companhia Deneamento Basico Do Estado Deo Paulo's Debt-to-Equity falls into.

Companhia Deneamento Basico Do Estado Deo Paulo Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Companhia Deneamento Basico Do Estado Deo Paulo's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(428.177	+	3186.165)	/	5210.953
	=	0.69

Companhia Deneamento Basico Do Estado Deo Paulo's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(537.014	+	3310.738)	/	5992.236
	=	0.64

Companhia Deneamento Basico Do Estado Deo Paulo (NYSE:SBS) 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.

Companhia Deneamento Basico Do Estado Deo Paulo Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Companhia Deneamento Basico Do Estado Deo Paulo's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Companhia Deneamento Basico Do Estado Deo Paulo (Companhia Deneamento Basico Do Estado Deo Paulo) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Companhia De Saneamento Basico Do Estado De Sao Paulo (NYSE:SBS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SAJA:Germany SBSP3:Brazil SBS:Argentina

Address

Rua Costa Carvalho, 300, Sao Paulo, SP, BRA, 05429-900

Website

https://www.sabesp.com.br

Companhia De Saneamento Basico Do Estado De Sao Paulo is Brazilian water and waste management company. SABESP is one of the largest waste management companies in the world, and the state of Sao Paulo is the company's majority stakeholder. The company generates revenue through exclusive long-term agreements with municipal governments. It is not uncommon for SABESP to serve the vast majority of the market. The company operates in a single segment, which is Sanitation services.