Uma análise no comportamento do grau de endividamento das empresas do setor de geração e transmissão de energia listadas na bolsa de valores B3

Abstract

This paper addresses the electric power segment listed on the Brazilian stock exchange from 2018 to 2020. The sector is relevant to national socioeconomic development and is influenced by exogenous risks such as climate risks. The general objective of this study is to analyze the debt behavior of companies in the electricity generation and transmission sector and verify its evolution over three years. To this end, financial data from 27 companies were collected and analyzed, of which 20 were selected for the final sample. Furthermore, this research is characterized as descriptive, with a quantitative and qualitative approach. To achieve the general objective, specific objectives were defined, which included conducting a data survey and discussing the importance of financial indicators in financial statements. The results showed that debt is influenced by external factors, such as regulatory measures and economic crisis, reflecting the need for large investments to expand services. The indicators analyzed indicate a highly indebted capital structure, but with stable cash flows and robust government support, essential for the continuity of the sector. The research also highlights the importance of government incentives and international climate finance for the sustainable growth of the sector