Zoomcar Holdings (Zoomcar Holdings) Debt-to-Equity : -0.92 (As of Dec. 2023)

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What is Zoomcar Holdings Debt-to-Equity?

Zoomcar Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7.21 Mil. Zoomcar Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $16.87 Mil. Zoomcar Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-26.23 Mil. Zoomcar Holdings's debt to equity for the quarter that ended in Dec. 2023 was -0.92.

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 Zoomcar Holdings's Debt-to-Equity or its related term are showing as below:

ZCAR' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.92 Med: -0.2 Max: -0.11
Current: -0.92

During the past 3 years, the highest Debt-to-Equity Ratio of Zoomcar Holdings was -0.11. The lowest was -0.92. And the median was -0.20.

ZCAR's Debt-to-Equity is not ranked
in the Business Services industry.
Industry Median: 0.37 vs ZCAR: -0.92

Zoomcar Holdings Debt-to-Equity Historical Data

The historical data trend for Zoomcar 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.

Zoomcar Holdings Debt-to-Equity Chart

Zoomcar Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Equity

-0.31

-0.11

-0.17

Zoomcar Holdings Quarterly Data
	Mar21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			N/A	-0.12	-0.17	-0.22	-0.92

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

For the Rental & Leasing Services subindustry, Zoomcar 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.

Zoomcar Holdings's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Zoomcar Holdings's Debt-to-Equity distribution charts can be found below:

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

Zoomcar Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zoomcar Holdings's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(4.195	+	37.789)	/	-246.032
	=	-0.17

Zoomcar 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
	=	(7.209	+	16.865)	/	-26.231
	=	-0.92

Zoomcar Holdings (NAS:ZCAR) 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.

Zoomcar Holdings Debt-to-Equity Related Terms

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Zoomcar Holdings (Zoomcar Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Zoomcar Holdings Inc (NAS:ZCAR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

EO3:Germany

Address

HAL Old Airport Road, No.147, 1st Floor, ISRO Colony, Anjaneya Techno Park, Kodihalli, Bangalore, KA, IND, 560008

Website

https://www.zoomcar.com

Zoomcar Holdings Inc is India's largest marketplace for cars on rent. Zoomcar is a leading emerging-market-focused peer-to-peer car-sharing marketplace, with approximately 21,000 vehicles registered through its platform. The Company derives its revenue principally from short-term self-drive rentals and vehicle subscriptions. The self-drive rental business generates the majority of revenue. Geographically The company operates in India, Egypt, Indonesia, Vietnam, and the Philippines, Out of which the majority of revenue is derived from India.