Localiza Rent a Car Balance Sheet Health
Financial Health criteria checks 1/6
Localiza Rent a Car has a total shareholder equity of R$25.4B and total debt of R$41.2B, which brings its debt-to-equity ratio to 162.4%. Its total assets and total liabilities are R$80.9B and R$55.5B respectively. Localiza Rent a Car's EBIT is R$6.1B making its interest coverage ratio 1.5. It has cash and short-term investments of R$10.3B.
Key information
162.4%
Debt to equity ratio
R$41.24b
Debt
Interest coverage ratio | 1.5x |
Cash | R$10.32b |
Equity | R$25.40b |
Total liabilities | R$55.55b |
Total assets | R$80.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LZRF.Y's short term assets (R$17.8B) do not cover its short term liabilities (R$18.4B).
Long Term Liabilities: LZRF.Y's short term assets (R$17.8B) do not cover its long term liabilities (R$37.1B).
Debt to Equity History and Analysis
Debt Level: LZRF.Y's net debt to equity ratio (121.7%) is considered high.
Reducing Debt: LZRF.Y's debt to equity ratio has reduced from 243.6% to 162.4% over the past 5 years.
Debt Coverage: LZRF.Y's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: LZRF.Y's interest payments on its debt are not well covered by EBIT (1.5x coverage).