Análise financeira da empresa petróleo brasileiro S.A. : um estudo da capacidade de pagamento e do endividamento nos anos de 2002, 2010 e 2016

Abstract

The Petrobras company is the most important state company in the country given its capacity for extracting and producing oil, and its importance in the Brazilian economy. In the year of 2014 the doubt about the legitimacy of the information exposed by the company was raised, since this year came the Lava Jato Operation, which is one of the largest investigations on diversion and money laundering in the world. With that, the problem arose: what is the capacity of payment and endividamento of the company Petróleo Brasileiro S.A. in the years of 2002, 2010 and 2016? From the above problem, the present study aims to analyze through the company's financial statements its economic and financial performance in the years 2002, 2010 and 2016. The concepts of accounting and financial analysis were included in the study. The indicators chosen to analyze the health of the organization were those of current liquidity, dry liquidity, general liquidity, relation of the capital of third parties over the total resources, relationship of third-party capital to equity, participation of short-term debt over total indebtedness, working capital, the need for working capital and treasury balance. The typology of the objectives is descriptive; regarding the procedures, a case study where documentary and bibliographic sources were used; and how to approach, qualitative. From the analysis of the indicators it was concluded that the company obtained oscillations in the analyzed period. Initially, it presented improvements from 2002 to 2010, but its indicators fell from 2010 to 2016. Despite these low indicators, in 2016 the company presented a solid liquidity situation, highlighting the fact that no matter how much Operation Lava Jato has impacted the image of Petrobras in front of society and its indicators suffered oscillations, was not sufficient for its liquidity to be unsatisfactory.