Leverage • Smart Fit
SMFT3
Smart Fit is the largest gym company in Latin America, with a network of units in 15 countries. Its main business model is the operation of gyms, mostly under the Smart Fit brand, in addition to other flags such as Bio Ritmo and a portfolio of studios. The network consists of both its own units, which make up most of its operations, and franchises. The company's operations are geographically concentrated in Brazil, Mexico and several other Latin American countries. In addition to gyms, the company expands its ecosystem through TotalPass, a B2B corporate benefit that brings together partner gyms, and digital platforms such as Queima Diária. Thus, Smart Fit operates both in the B2C market with its gyms and digital products, and in the B2B market through its corporate benefits aggregator.
1,1
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.
105,2%
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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