Leverage • PRIO
PRIO3
PRIO S.A. is an independent Brazilian oil and gas company with a business model focused on acquiring, redeveloping and operating mature production fields. The company specializes in efficient reservoir management and cost optimization to increase the recovery factor and extend the useful life of its assets. Its exploration and production operations are concentrated in oil fields located in deep waters, mainly in the Campos Basin, off the coast of Brazil. Its asset portfolio includes Frade, Albacora Leste, the Octopus and Hammershark cluster, and Peregrino, and the Wahoo field development. Production is carried out using floating production, storage, and transfer units (FPSOs). Additionally, the company has a unit for the sale of the oil produced.
2,3
N.D. With Lease/EBITDA
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.
88%
Debt/Equity
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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