Brava Energia is an integrated Brazilian energy company, resulting from the merger of 3R Petroleum and Enauta, operating in the oil and gas sector. Its activities cover the exploration and production (upstream) of oil and natural gas, as well as refining, logistics, and trading of derivatives (downstream). Upstream operations are divided into onshore assets in the Potiguar and Recôncavo basins, and offshore assets, with fields such as Atlanta and Papa-Terra. The downstream segment focuses on the Potiguar Pole, which includes the Clara Camarão Refinery, a waterway terminal and natural gas processing units. Through this structure, Brava produces and sells crude oil, gas and various derivatives, such as fuel, gasoline and LPG, for domestic and international markets.
How many years of EBITDA are required to pay off the company's net debt considering the lease agreements, according to the official accounting standard IFRS16. As a market consensus, a value of up to 3 years of leverage is accepted for most companies.
How much the company's debt represents in % in relation to its equity. As a market consensus, a value less than or equal to 1 is accepted, above that leverage can end up hurting the final result at some point.
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