Braskem S.A. (BAK) Key Metrics
BAK key metrics, 2016–2025
Fiscal year ended December 31, 2025 · Brazilian reaisBAK returns How much profit the business earns on the capital it uses.
BAK financial health Debt, liquidity and how easily interest is covered.
BAK efficiency & capital use Working capital cycle and where the cash goes.
BAK returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BAK debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BAK cash returned to shareholders
BAK key metrics in Brazilian reais
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||||
| Return on equity (ROE) | — | — | −97.6% | −5.5% | — | — | −43.8% | 50.4% | 113.5% | −30.9% |
| Return on invested capital (ROIC) | −6.5% | 1.7% | −3.1% | 6.6% | 48.1% | 12.4% | 0.3% | 18.8% | 21.9% | 14.2% |
| Return on assets (ROA) | −10.6% | −11.7% | −5.1% | −0.4% | 15.7% | −9.6% | −4.5% | 5.1% | 7.8% | −0.7% |
| Return on tangible assets | −12.3% | −11.5% | −5.2% | −0.4% | 15.6% | −8.0% | −5.0% | 5.1% | 8.2% | −0.8% |
| Free cash flow margin | −10.3% | −1.7% | −9.6% | 4.3% | 10.8% | 6.0% | −0.8% | 11.3% | 3.8% | 3.9% |
| Income quality (OCF / net income) | — | — | — | — | 1.06 | — | — | 3.23 | 1.16 | — |
| Financial health | ||||||||||
| Total debt | R$71.28B | R$73.72B | R$59.91B | R$52.78B | R$53.53B | R$59.56B | R$50.61B | R$37.97B | R$35.13B | R$36.28B |
| Cash & short-term investments | R$11.83B | R$16.77B | R$19.14B | R$14.76B | R$11.34B | R$16.17B | R$6.08B | R$7.93B | R$6.08B | R$7.47B |
| Net debt | R$59.45B | R$56.95B | R$40.77B | R$38.02B | R$42.20B | R$43.40B | R$44.53B | R$30.05B | R$29.05B | R$28.81B |
| Debt / equity | — | — | 18.27 | 8.64 | 8.63 | — | 8.89 | 6.42 | 6.42 | 21.08 |
| Debt / assets | 0.87 | 0.73 | 0.65 | 0.60 | 0.58 | 0.69 | 0.95 | 0.64 | 0.67 | 0.70 |
| Net debt / EBITDA | 94.16 | 14.63 | 12.49 | 4.69 | 1.67 | 3.96 | 22.95 | 3.24 | 2.52 | 5.34 |
| Current ratio | 0.76 | 1.31 | 1.53 | 1.42 | 1.56 | 1.20 | 0.94 | 0.93 | 0.94 | 0.71 |
| Quick ratio | 0.50 | 0.83 | 1.02 | 0.84 | 0.91 | 0.91 | 0.58 | 0.56 | 0.58 | 0.48 |
| Interest coverage | -0.7 | 0.2 | -0.4 | 1.8 | 8.5 | 9.9 | 0.2 | 3.7 | 4.0 | 2.8 |
| Working capital | −R$9.77B | R$8.77B | R$12.95B | R$10.27B | R$14.10B | R$5.80B | −R$1.15B | −R$1.73B | −R$1.15B | −R$6.78B |
| Invested capital | R$43.31B | R$52.67B | R$44.05B | R$44.13B | R$48.40B | R$39.53B | R$50.22B | R$35.96B | R$34.52B | R$30.53B |
| Tangible asset value | −R$19.56B | −R$7.67B | R$171.0M | R$998.7M | R$3.33B | −R$6.70B | R$2.96B | R$3.17B | R$2.75B | −R$1.09B |
| Net current asset value | −R$67.90B | −R$68.82B | −R$51.02B | −R$47.48B | −R$47.07B | −R$55.76B | −R$29.66B | −R$31.90B | −R$29.84B | −R$33.84B |
| Capital allocation | ||||||||||
| Dividends paid | R$0 | R$6.0M | R$7.0M | R$1.35B | R$5.99B | R$2.0M | R$668.9M | R$1.50B | R$2.00B | R$2.00B |
| Share buybacks (net) | — | — | — | — | — | — | R$0 | R$0 | R$0 | R$0 |
| Dividend payout ratio | — | — | — | — | 42.9% | — | — | 52.3% | 48.9% | — |
| Dividends + buybacks / free cash flow | — | — | — | 32.9% | 52.7% | 0.1% | — | 22.9% | 106.8% | 106.8% |
| Capex / revenue | 4.4% | 4.9% | 6.4% | 5.0% | 3.2% | 4.7% | 5.1% | 4.7% | 5.8% | 6.0% |
| Capex / operating cash flow | — | 154.5% | — | 54.2% | 23.1% | 43.9% | 118.4% | 29.3% | 60.6% | 60.6% |
| Capex / depreciation | 0.67 | 0.76 | 0.87 | 1.02 | 0.82 | 0.69 | 0.92 | 0.88 | 1.01 | 1.01 |
| Stock-based compensation / revenue | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | −5.7% | 0.0% | — | — |
| R&D / revenue | 0.7% | 0.6% | 0.5% | 0.4% | 0.3% | 0.4% | 0.5% | 0.3% | 0.3% | 0.3% |
| SG&A / revenue | 6.8% | 3.4% | 6.2% | 5.0% | 4.3% | 6.4% | 7.7% | 6.1% | 5.9% | 6.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 30.9 | 15.3 | 15.9 | 19.6 | 20.5 | 29.2 | 26.9 | 20.0 | 18.2 | 16.8 |
| Days of inventory on hand | 64.3 | 66.1 | 71.3 | 65.1 | 61.3 | 58.6 | 61.0 | 59.5 | 59.6 | 59.3 |
| Days payables outstanding | 80.9 | 76.9 | 68.8 | 52.1 | 54.6 | 58.5 | 54.1 | 52.7 | 58.2 | 98.8 |
| Cash conversion cycle (days) | 14.3 | 4.4 | 18.4 | 32.6 | 27.3 | 29.3 | 33.8 | 26.8 | 19.6 | -22.7 |
| Receivables turnover | 11.80 | 23.92 | 22.98 | 18.59 | 17.77 | 12.49 | 13.56 | 18.25 | 20.04 | 21.72 |
| Payables turnover | 4.51 | 4.74 | 5.30 | 7.01 | 6.69 | 6.24 | 6.74 | 6.93 | 6.27 | 3.69 |
| Inventory turnover | 5.68 | 5.53 | 5.12 | 5.61 | 5.95 | 6.23 | 5.98 | 6.14 | 6.13 | 6.16 |
| Asset turnover | 0.76 | 0.80 | 0.79 | 1.07 | 1.18 | 0.84 | 0.93 | 1.04 | 0.94 | 0.85 |
| Average receivables | R$5.87B | R$3.24B | R$3.07B | R$5.19B | R$5.94B | R$4.69B | R$3.86B | R$3.18B | R$2.46B | R$2.19B |
| Average payables | R$15.03B | R$15.05B | R$12.73B | R$12.15B | R$11.00B | R$7.61B | R$6.80B | R$6.70B | R$5.80B | R$9.46B |
| Average inventory | R$11.94B | R$12.92B | R$13.20B | R$15.18B | R$12.36B | R$7.62B | R$7.67B | R$7.56B | R$5.94B | R$5.67B |
| Intangibles / total assets | 3.7% | 3.3% | 3.4% | 5.8% | 3.1% | 3.3% | 5.1% | 4.6% | 5.2% | 5.4% |
Computed from BAK's annual financial statements (latest annual report filed April 20, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Brazilian reais; data from EODHD. Averages use the opening and closing balance of each year.
BAK valuation and financial ratios
Braskem earned a return on invested capital of −6.5% in fiscal 2025. It ended the year with R$71.3 billion of debt and R$11.8 billion in cash and short-term investments, net debt of R$59.4 billion.
See the BAK income statement, the BAK chart for price history, or the BAK stock overview for the latest quote and news.
BAK key metrics FAQ
What is Braskem's ROIC?
Braskem's return on invested capital was −6.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Braskem have?
Braskem had total debt of R$71.3 billion at the end of fiscal 2025 and R$59.4 billion of net debt (94.16 times EBITDA).
Does Braskem pay a dividend?
Braskem did not pay a dividend in fiscal 2025.
What is Braskem's current ratio?
Braskem's current ratio was 0.76 at the end of fiscal 2025: current assets were 0.76 times current liabilities.