Localiza Rent A Car (Localiza Rent A Car) Debt-to-Equity : 1.66 (As of Mar. 2024)

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What is Localiza Rent A Car Debt-to-Equity?

Localiza Rent A Car's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1,511 Mil. Localiza Rent A Car's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $7,158 Mil. Localiza Rent A Car's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $5,221 Mil. Localiza Rent A Car's debt to equity for the quarter that ended in Mar. 2024 was 1.66.

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 Localiza Rent A Car's Debt-to-Equity or its related term are showing as below:

LZRFY' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.42 Med: 1.66 Max: 2.51
Current: 1.66

During the past 13 years, the highest Debt-to-Equity Ratio of Localiza Rent A Car was 2.51. The lowest was 1.42. And the median was 1.66.

LZRFY's Debt-to-Equity is ranked worse than
84.13% of 926 companies
in the Business Services industry
Industry Median: 0.37 vs LZRFY: 1.66

Localiza Rent A Car Debt-to-Equity Historical Data

The historical data trend for Localiza Rent A Car'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.

Localiza Rent A Car Debt-to-Equity Chart

Localiza Rent A Car Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.84

1.74

1.66

1.65

Localiza Rent A Car Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.77	1.52	1.50	1.65	1.66

Competitive Comparison of Localiza Rent A Car's Debt-to-Equity

For the Rental & Leasing Services subindustry, Localiza Rent A Car'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.

Localiza Rent A Car's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Localiza Rent A Car's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Localiza Rent A Car's Debt-to-Equity falls into.

Localiza Rent A Car Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Localiza Rent A Car'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
	=	(1528.253	+	7010.001)	/	5181.616
	=	1.65

Localiza Rent A Car's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(1510.743	+	7158.038)	/	5221.274
	=	1.66

Localiza Rent A Car (OTCPK:LZRFY) 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.

Localiza Rent A Car Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Localiza Rent A Car's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Localiza Rent A Car (Localiza Rent A Car) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Localiza Rent A Car SA (OTCPK:LZRFY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RENT3:Brazil

Address

Avenida Bernardo Vasconcelo, No 377 - Cachoeirinha, Belo Horizonte, MG, BRA, 31150-900

Website

https://www.localiza.com

Localiza Rent A Car SA is a car rental service provider with the majority of its operations in Brazil. Through its subsidiaries, the company rents cars to individuals, manages corporate car fleets, sells its fleet to the general public, and offers a franchise model. Franchisees account for roughly half of Localize's car rental locations, while the majority of cars accessible with Localize are owned by the company. The fleet rental division has long-term agreements with companies that come up for renewal roughly every two to three years. The car rental segment delivers three-quarters of yearly revenue, and fleet rental makes up the rest, with an insignificant share contributed by the franchise management division.

Localiza Rent A Car (Localiza Rent A Car) Headlines

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