Participação da dívida onerosa no financiamento dos ativos das empresas: uma análise descritiva do setor de materiais básicos.

Abstract

The participation of costly debt in the capital structure may not be as beneficial for businesses because of the risks inherent in the use of bank capital in the financing of assets. Some indicators such as liquidity analysis and debt analysis can help in time to investigate whether debt levels are not compromising or financial risk of the companies. Under the concern of research on the onerous debt level most recently adopted by Brazilian companies, the aim of this study can be presented as follows: prepare a descriptive analysis of the latest financial position of the Basic Materials sector and the level of participation costly debt in the capital structure of their companies. For a descriptive research was conducted both by bringing the main features of the Basic Materials sector and the capital structure of the composition, more specifically on the use of costly debt. The procedures adopted are classified as documentary and bibliographic research. As for the approach, it characterized as quantitative, for having used statistical tools to achieve the general and specific objectives. The survey results show, for the period of analysis considered in this work, frequencies above 16% for the classes with midpoints of costly debt in the total assets of 4.23%, 29.62% and 38.09%; confidence interval 27.56% to 32.38% to the average of 29.97% with 95% confidence; the sampling distribution leptokurtic and positive asymmetric. In short, the Basic Materials sector consists of very different companies regarding the participation of costly debt in the financing of assets. Such difference is due to a group of companies with very low levels, while others have many companies that significantly use the onerous debt