Econet Wireless Zimbabwe (XZIM:ECO.ZW) LT-Debt-to-Total-Asset : 0.03 (As of Feb. 2024)

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What is Econet Wireless Zimbabwe LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Econet Wireless Zimbabwe's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.03.

Econet Wireless Zimbabwe's long-term debt to total assets ratio declined from Feb. 2023 (0.04) to Feb. 2024 (0.03). It may suggest that Econet Wireless Zimbabwe is progressively becoming less dependent on debt to grow their business.

Econet Wireless Zimbabwe LT-Debt-to-Total-Asset Historical Data

The historical data trend for Econet Wireless Zimbabwe's LT-Debt-to-Total-Asset 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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Econet Wireless Zimbabwe LT-Debt-to-Total-Asset Chart

Econet Wireless Zimbabwe Annual Data

Trend

Feb09

Feb11

Feb12

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

LT-Debt-to-Total-Asset

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0.09

0.08

0.04

0.03

Econet Wireless Zimbabwe Semi-Annual Data
	Feb11	Aug11	Feb12	Aug12	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.08	0.02	0.04	0.04	0.03

Econet Wireless Zimbabwe LT-Debt-to-Total-Asset Calculation

Econet Wireless Zimbabwe's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (A: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2024 )	/	Total Assets (A: Feb. 2024 )
	=	404995	/	12141399
	=	0.03

Econet Wireless Zimbabwe's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	404995	/	12141399
	=	0.03

Econet Wireless Zimbabwe (XZIM:ECO.ZW) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Econet Wireless Zimbabwe LT-Debt-to-Total-Asset Related Terms

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Econet Wireless Zimbabwe (XZIM:ECO.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Econet Wireless Zimbabwe Ltd (XZIM:ECO.ZW) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

2 Old Mutare Road, Econet Park, Msasa, Harare, ZWE

Website

http://www.econet.co.zw

Econet Wireless Zimbabwe Ltd is a holding company. It operates in the following segments: Cellular Network Operations, which provides cellular network services Investments & Administrations, which is the investment vehicle. The Cellular Network Operations generate maximum revenue for the company. Geographically the company offers its services only in the Zimbabwe region.

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