Fidelity Life Assurance of Zimbabwe (XZIM:FIDL.ZW) Debt-to-Equity : 0.04 (As of Jun. 2023)

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What is Fidelity Life Assurance of Zimbabwe Debt-to-Equity?

Fidelity Life Assurance of Zimbabwe's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was ZWL0.00 Mil. Fidelity Life Assurance of Zimbabwe's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was ZWL2,403.62 Mil. Fidelity Life Assurance of Zimbabwe's Total Stockholders Equity for the quarter that ended in Jun. 2023 was ZWL56,816.23 Mil. Fidelity Life Assurance of Zimbabwe's debt to equity for the quarter that ended in Jun. 2023 was 0.04.

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 Fidelity Life Assurance of Zimbabwe's Debt-to-Equity or its related term are showing as below:

XZIM:FIDL.ZW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.27 Max: 6.7
Current: 0.04

During the past 7 years, the highest Debt-to-Equity Ratio of Fidelity Life Assurance of Zimbabwe was 6.70. The lowest was 0.04. And the median was 0.27.

XZIM:FIDL.ZW's Debt-to-Equity is ranked better than
82.29% of 384 companies
in the Insurance industry
Industry Median: 0.24 vs XZIM:FIDL.ZW: 0.04

Fidelity Life Assurance of Zimbabwe Debt-to-Equity Historical Data

The historical data trend for Fidelity Life Assurance of Zimbabwe'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.

Fidelity Life Assurance of Zimbabwe Debt-to-Equity Chart

Fidelity Life Assurance of Zimbabwe Annual Data

Trend

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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6.70

0.75

0.39

0.24

0.25

Fidelity Life Assurance of Zimbabwe Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial										0.29	0.24	0.07	0.25	0.04

Competitive Comparison of Fidelity Life Assurance of Zimbabwe's Debt-to-Equity

For the Insurance - Life subindustry, Fidelity Life Assurance of Zimbabwe'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.

Fidelity Life Assurance of Zimbabwe's Debt-to-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Fidelity Life Assurance of Zimbabwe's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Fidelity Life Assurance of Zimbabwe's Debt-to-Equity falls into.

Fidelity Life Assurance of Zimbabwe Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fidelity Life Assurance of Zimbabwe's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(225.865	+	225.865)	/	1826.519
	=	0.25

Fidelity Life Assurance of Zimbabwe's Debt to Equity Ratio for the quarter 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
	=	(0	+	2403.616)	/	56816.228
	=	0.04

Fidelity Life Assurance of Zimbabwe (XZIM:FIDL.ZW) 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.

Fidelity Life Assurance of Zimbabwe Debt-to-Equity Related Terms

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Fidelity Life Assurance of Zimbabwe (XZIM:FIDL.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Fidelity Life Assurance of Zimbabwe Ltd (XZIM:FIDL.ZW) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

66 Julius Nyerere Way, Fidelity House, Harare, ZWE

Website

https://www.fidelitylife.co.zw

Fidelity Life Assurance of Zimbabwe Ltd is involved in the insurance business. The company's operating segment includes Insurance, Property Investment, Microlending, and Others. The Insurance segment of the company is involved in life assurance and pensions and the Microlending segment is involved in consumer loans, business loans, and loans to farmers. The company generates maximum revenue from the Insurance segment. Geographically, the company derives a majority of its revenue from Zimbabwe and also has a presence in Malawi.

Fidelity Life Assurance of Zimbabwe (XZIM:FIDL.ZW) Headlines

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