ungeared equity
[/ʌnˈɡɪərd ˈɛkwɪti/]
noun
patrimônio líquido sem alavancagem
1. The equity value of a company that has no financial leverage or debt financing; the total shareholders' equity in a firm with no borrowed funds
The ungeared equity of the company reflects its true asset value without any debt burden.
O patrimônio líquido sem alavancagem da empresa reflete seu verdadeiro valor de ativos sem qualquer encargo de dívida.
2. In financial analysis, the equity return calculated as if the company had zero debt, used as a baseline for comparing financial structures
Analysts calculate ungeared equity returns to evaluate the company's operating performance independently of its capital structure.
Analistas calculam retornos de patrimônio sem alavancagem para avaliar o desempenho operacional da empresa independentemente de sua estrutura de capital.
This is primarily technical financial jargon used in corporate finance, investment banking, and equity valuation across both Brazil and the USA. It is essential terminology in DCF (Discounted Cash Flow) analysis and for comparing companies with different capital structures. In Brazil, financial professionals increasingly use both Portuguese and English versions interchangeably in technical discussions.
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