JSL is a logistics company that offers a portfolio of integrated services in Brazil. Its main activities are divided into segments that include cargo transportation, dedicated operations, warehousing and urban distribution. The company serves a diverse customer base in multiple economic sectors, such as food and beverages, pulp and paper, automotive, chemicals, and retail/e-commerce. Its business model combines asset-heavy operations and asset-light operations, where it uses leased assets to fulfill new contracts. JSL focuses on specialized and dedicated services, which have higher barriers to entry, and also sells assets as a recurring business activity.
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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