Zimre Holdings (XZIM:ZIMR.ZW) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is Zimre Holdings Debt-to-Equity?

Zimre Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ZWL4,869 Mil. Zimre Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ZWL4,367 Mil. Zimre Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ZWL514,845 Mil. Zimre 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 Zimre Holdings's Debt-to-Equity or its related term are showing as below:

XZIM:ZIMR.ZW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.07
Current: 0.02

During the past 8 years, the highest Debt-to-Equity Ratio of Zimre Holdings was 0.07. The lowest was 0.01. And the median was 0.02.

XZIM:ZIMR.ZW's Debt-to-Equity is ranked better than
91.93% of 384 companies
in the Insurance industry
Industry Median: 0.24 vs XZIM:ZIMR.ZW: 0.02

Zimre Holdings Debt-to-Equity Historical Data

The historical data trend for Zimre 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.

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Zimre Holdings Debt-to-Equity Chart

Zimre Holdings Annual Data

Trend

Dec08

Dec09

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.02

0.01

0.02

Zimre Holdings Semi-Annual Data
	Dec09	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								0.02	0.01	0.01	0.01	0.02

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

For the Insurance - Reinsurance subindustry, Zimre 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.

Zimre Holdings's Debt-to-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Zimre Holdings's Debt-to-Equity distribution charts can be found below:

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

Zimre Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zimre Holdings's Debt to Equity Ratio for the fiscal year 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
	=	(4868.977	+	4366.958)	/	514845.48
	=	0.02

Zimre 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
	=	(4868.977	+	4366.958)	/	514845.48
	=	0.02

Zimre Holdings (XZIM:ZIMR.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.

Zimre Holdings Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Zimre Holdings's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Zimre Holdings (XZIM:ZIMR.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Zimre Holdings Ltd (XZIM:ZIMR.ZW) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Smatsatsa Office Park, 2nd Floor, D Block, P.O. Box 4839, Borrowdale, Stand Number 10667, Harare, ZWE

Website

https://www.zhl.co.zw

Zimre Holdings Ltd is a Zimbabwe-based investment holding company. The firm operates its business activities in five segments. The Reinsurance segment offers short-term reinsurance products and services to general insurance companies locally, regionally and internationally. The Life reassurance segment offers its services to life assurance companies and medical aid societies locally and regionally. The Property segment is engaged in leasing, developing, managing, selling and buying properties. General insurance offers short-term insurance products and services directly to policyholders locally. Life and Pension segment. The Reinsurance segment contributes to the majority of the company's revenue. Zimre has operations in Botswana, Malawi, Mozambique, South Africa, Zambia and Zimbabwe.

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