Localiza Rent a Car Balance Sheet Health
Financial Health criteria checks 1/6
Localiza Rent a Car has a total shareholder equity of R$25.6B and total debt of R$43.2B, which brings its debt-to-equity ratio to 168.5%. Its total assets and total liabilities are R$82.6B and R$56.9B respectively. Localiza Rent a Car's EBIT is R$5.9B making its interest coverage ratio 1.5. It has cash and short-term investments of R$11.5B.
Key information
168.5%
Debt to equity ratio
R$43.21b
Debt
| Interest coverage ratio | 1.5x |
| Cash | R$11.53b |
| Equity | R$25.65b |
| Total liabilities | R$56.95b |
| Total assets | R$82.59b |
Recent financial health updates
Here's Why Localiza Rent a Car (BVMF:RENT3) Is Weighed Down By Its Debt Load
Oct 25
Here's Why Localiza Rent a Car (BVMF:RENT3) Has A Meaningful Debt Burden
May 08We Think Localiza Rent a Car (BVMF:RENT3) Is Taking Some Risk With Its Debt
Jan 09Recent updates
Localiza Rent a Car S.A.'s (BVMF:RENT3) Stock Retreats 26% But Earnings Haven't Escaped The Attention Of Investors
Dec 13Localiza Rent a Car S.A. (BVMF:RENT3) Just Released Its Third-Quarter Earnings: Here's What Analysts Think
Nov 14Here's Why Localiza Rent a Car (BVMF:RENT3) Is Weighed Down By Its Debt Load
Oct 25Localiza Rent a Car S.A. (BVMF:RENT3) Just Released Its Second-Quarter Earnings: Here's What Analysts Think
Aug 16Earnings Beat: Localiza Rent a Car S.A. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
May 11Here's Why Localiza Rent a Car (BVMF:RENT3) Has A Meaningful Debt Burden
May 08Is It Time To Consider Buying Localiza Rent a Car S.A. (BVMF:RENT3)?
Apr 19Localiza Rent a Car's (BVMF:RENT3) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Mar 18Localiza Rent a Car S.A. (BVMF:RENT3) Just Released Its Full-Year Results And Analysts Are Updating Their Estimates
Mar 15Investors Still Waiting For A Pull Back In Localiza Rent a Car S.A. (BVMF:RENT3)
Feb 14We Think Localiza Rent a Car (BVMF:RENT3) Is Taking Some Risk With Its Debt
Jan 09Financial Position Analysis
Short Term Liabilities: RENT3's short term assets (R$19.7B) exceed its short term liabilities (R$18.0B).
Long Term Liabilities: RENT3's short term assets (R$19.7B) do not cover its long term liabilities (R$39.0B).
Debt to Equity History and Analysis
Debt Level: RENT3's net debt to equity ratio (123.5%) is considered high.
Reducing Debt: RENT3's debt to equity ratio has increased from 146.6% to 168.5% over the past 5 years.
Debt Coverage: RENT3's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: RENT3's interest payments on its debt are not well covered by EBIT (1.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 04:48 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Localiza Rent a Car S.A. is covered by 28 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Daniel Spilberg | Barclays |
| Renato Ramos de Almeida Hallgren | BB Banco de Investimento S.A. |
| Rogerio Araujo | BofA Global Research |