Uma análise dos indicadores do fluxo de caixa das empresas listadas no segmento de saneamento, serviço água e gás

Abstract

The objective of this paper is analyzing and identifying the elements to be analyzed in the DFC and its respective indicators up to the financial capacity of the companies of the sector of sanitation, water and gas, listed on BM&F Bovespa. In order to do so, a descriptive, qualitative and bibliographic study was realized. Three companies listed in the sanitation, water and gas sector on BM&F Bovespa, were selected. They are: Copasa SA, Saneago SA and Sabespe AS; of these, data were extracted from the financial statements for the calculation of the indexes, and lately, a common denominator was found from the three-year arithmetic mean of each of the three companies selected in the study. The results shown point that the indication of coverage of purchases with cash presented unanimity among the sector, as all three companies studied were above average. It was observed that SABESP S/A is the only one in which there are results above the average of the sector, for net interest and tax operating activities. COPASA S/A obtained results below the sector’s average for this indicator. The indexes that companies presented show that they remain in the market in a stable way, even considering the crisis aspects, which do not prevent other variables from having a direct influence.