The firm's liquidity position has deteriorated rapidly, with the current ratio falling from 1.37 in 2025Q1 to 0.30 in 2025Q2, highlighting a precarious capital structure.
| Total Current Assets | 3.4B | 3.39B | 1.73B |
| Cash & Short-Term Investments | - | - | - |
| Cash Only | - | - | - |
| Short-Term Investments | - | - | - |
| Accounts Receivable | - | - | - |
| Days Sales Outstanding | - | - | - |
| Inventory | - | - | - |
| Days Inventory Outstanding | - | - | - |
| Other Current Assets | 257.29M | 0 | 0 |
| Total Non-Current Assets | 12.08B | 11.67B | 9.02B |
| Property, Plant & Equipment | 47.1M | 42.33M | 44.06M |
| Fixed Asset Turnover | 0.00x | 175.16x | 148.80x |
| Goodwill | 0 | 0 | 0 |
| Intangible Assets | 13.89M | 15.52M | 18.49M |
| Long-Term Investments | 22.18B | 10.41B | 8.67B |
| Other Non-Current Assets | - | - | - |
| Total Assets | 15.48B | 15.06B | 10.75B |
| Asset Turnover | 0.00x | 0.49x | 0.61x |
| Asset Growth % | 0% | 40.12% | - |
| Total Current Liabilities | 11.41B | 2.72B | 2.16B |
| Accounts Payable | 2.79M | 16.02M | 4.73M |
| Days Payables Outstanding | - | - | - |
| Short-Term Debt | 9.19B | 0 | 0 |
| Deferred Revenue (Current) | 0 | - | - |
| Other Current Liabilities | 2.13B | 2.63B | 2.06B |
| Current Ratio | 0.30x | 1.25x | 0.80x |
| Quick Ratio | 0.30x | 1.25x | 0.80x |
| Cash Conversion Cycle | - | - | - |
| Total Non-Current Liabilities | 3.27B | 11.53B | 7.76B |
| Long-Term Debt | 1.91B | 9.9B | 6.29B |
| Capital Lease Obligations | 0 | - | - |
| Deferred Tax Liabilities | 0 | - | - |
| Other Non-Current Liabilities | - | - | - |
| Total Liabilities | 14.67B | 14.25B | 9.92B |
| Total Debt | 11.13B | 9.93B | 6.32B |
| Net Debt | 10.68B | 9.35B | 6.03B |
| Debt / Equity | 13.79x | 12.34x | 7.70x |
| Debt / EBITDA | 90.47x | 40.20x | 30.53x |
| Net Debt / EBITDA | 86.81x | 37.87x | 29.14x |
| Interest Coverage | - | - | - |
| Total Equity | 807.14M | 804.59M | 820.82M |
| Equity Growth % | 0% | -1.98% | - |
| Book Value per Share | 10.00 | 10.22 | 10.42 |
| Total Shareholders' Equity | 807.14M | 804.59M | 820.82M |
| Common Stock | 674.94M | 674.94M | 674.94M |
| Retained Earnings | 50.52M | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 |
| Accumulated OCI | 81.69M | 129.65M | 145.88M |
| Minority Interest | 0 | 0 | 0 |
Liquidity and leverage mismatch
As reported in recent financial statements, BRBI's current ratio plummeted from 1.37 in 2025Q1 to 0.30 in 2025Q2, signaling a rapid deterioration in the firm's ability to cover short-term obligations with liquid assets during a period of heightened operational volatility.
The sharp decline in the current ratio suggests that the firm's liquidity position is increasingly fragile, likely exacerbated by the timing of financial intermediation activities. Investors should monitor whether this liquidity crunch is a temporary byproduct of deal-cycle timing or a structural inability to maintain adequate working capital buffers.
Based on the latest quarterly filings, BRBI maintains a debt-to-equity ratio of 13.79 as of 2025Q2, which, while characteristic of a banking license, places the firm in a precarious position given the thin net margins and sensitivity to Brazilian interest rate fluctuations.
The high leverage ratio indicates that the firm relies heavily on debt to fund its treasury operations, which creates significant exposure to interest rate risk. This level of indebtedness warrants further investigation into the maturity profile of these liabilities to ensure that refinancing risks remain manageable in a volatile macro environment.
According to the provided balance sheet data, the firm's equity base has seen only marginal growth to $807.1M, failing to keep pace with the expansion of total liabilities, which suggests a weakening capital structure trajectory that may limit future strategic flexibility.
The widening gap between total assets and equity highlights a reliance on external funding rather than internal capital accumulation. This trajectory appears to prioritize scale over balance sheet resilience, which may leave the firm exposed if the Brazilian capital markets experience a prolonged downturn.
As indicated by the 2025Q2 data, the firm's reported total debt of $11.1B relative to a modest $807.1M equity base creates a significant distortion, as the headline leverage figures may mask the underlying risks associated with the firm's treasury-heavy business model.
The reliance on repurchase agreements and other short-term funding mechanisms to support treasury operations means that the balance sheet is highly sensitive to market liquidity shocks. Analysts should be wary of treating these debt figures as traditional corporate leverage, as they represent a core operational risk rather than just capital structure choices.
Quick answers to the most common questions about buying BRBI stock.
As of 2024, BRBI BR Partners S.A. ADSs (BRBI) had total assets of $15.06B including $3.39B in current assets.
BRBI BR Partners S.A. ADSs (BRBI) carries total debt of $9.93B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
BRBI BR Partners S.A. ADSs (BRBI) has total shareholders' equity (book value) of $804.6M ($10.22 book value per share). Book value represents the net worth of the company belonging to common stock holders.
BRBI BR Partners S.A. ADSs (BRBI) reported a current ratio of 1.25x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.