Zimplats Holdings (ASX:ZIM) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is Zimplats Holdings Debt-to-Equity?

Zimplats Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$56 Mil. Zimplats Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$2 Mil. Zimplats Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$2,647 Mil. Zimplats Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Zimplats Holdings's Debt-to-Equity or its related term are showing as below:

ASX:ZIM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.06 Max: 0.12
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Zimplats Holdings was 0.12. The lowest was 0.00. And the median was 0.06.

ASX:ZIM's Debt-to-Equity is ranked better than
83.03% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:ZIM: 0.02

Zimplats Holdings Debt-to-Equity Historical Data

The historical data trend for Zimplats Holdings's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Zimplats Holdings Debt-to-Equity Chart

Zimplats Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.04

0.01

Zimplats Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	0.02

Competitive Comparison of Zimplats Holdings's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Zimplats Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Zimplats Holdings's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Zimplats Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Zimplats Holdings's Debt-to-Equity falls into.

Zimplats Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zimplats Holdings's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(3.403	+	3.749)	/	2801.54
	=	0.00

Zimplats Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(55.702	+	2.292)	/	2646.564
	=	0.02

Zimplats Holdings (ASX:ZIM) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Zimplats Holdings Debt-to-Equity Related Terms

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Zimplats Holdings (ASX:ZIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zimplats Holdings Ltd (ASX:ZIM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ZMPLF:USA

Address

1st and 2nd Floors, Elizabeth House, Les Ruettes Brayes, Saint Peter Port, GGY, GY1 1EW

Website

https://www.zimplats.com

Zimplats Holdings Ltd is engaged in the production of the platinum group and associated metals such as platinum, palladium, rhodium, iridium, ruthenium, osmium, and other associated metals (nickel, gold, copper, cobalt, and silver) from the Great Dyke in Zimbabwe. The Group operates as a vertically integrated mining concern and is managed as a single segment. The Group's operations are based in one geographical location, Zimbabwe.