Refinaria de Petrleos de Manguinhos S.A. (Refit), under legal reorganization, is a Brazilian oil and gas company. Its main activities include the exploration of an oil refinery in the State of Rio de Janeiro, the import of crude oil and the sale of derivatives in the domestic market. The company's product portfolio focuses on fuels such as Gasoline A, Diesel A S-10, Diesel A S-500 and Marine Diesel. Refit focuses its operations on the Rio-São Paulo axis, positioning itself as a private fuel producer in Brazil. The company also provides services related to refining, general warehousing and, through its subsidiary Manguinhos Distribuidora S.A., in the distribution and transportation of fuels.
How many years of EBITDA are required to pay off the company's net debt, 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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