Without acquisitions, BRF reduces its leveraging
While JBS was willing to spend US$ 7.7 billion to expand its international operations, in an unsuccessful attempt at buying US company Hillshire Brands, BRF is 'fattening cattle.' It is readying for the next steps.
In the first quarter BRF closed with its lowest leveraging since 1998.The current net debt is 1.88 times earnings before interest, taxes, depreciation and amortization (EBITDA).
The vice president of finance and investor relations, Augusto Ribeiro Júnior, said the historical level of leveraging is two times EBITDA. "This is the optimal level," he said.