Bindura Nickel (XZIM:BIND.ZW) Debt-to-Equity : 0.33 (As of Mar. 2023)

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What is Bindura Nickel Debt-to-Equity?

Bindura Nickel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ZWL2,467 Mil. Bindura Nickel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ZWL1,970 Mil. Bindura Nickel's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ZWL13,407 Mil. Bindura Nickel's debt to equity for the quarter that ended in Mar. 2023 was 0.33.

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 Bindura Nickel's Debt-to-Equity or its related term are showing as below:

XZIM:BIND.ZW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.18 Max: 0.62
Current: 0.33

During the past 6 years, the highest Debt-to-Equity Ratio of Bindura Nickel was 0.62. The lowest was 0.02. And the median was 0.18.

XZIM:BIND.ZW's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs XZIM:BIND.ZW: 0.33

Bindura Nickel Debt-to-Equity Historical Data

The historical data trend for Bindura Nickel'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.

Bindura Nickel Debt-to-Equity Chart

Bindura Nickel Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.18

0.02

0.07

0.33

Bindura Nickel Semi-Annual Data
	Sep13	Sep14	Sep15	Sep16	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Debt-to-Equity	Get a 7-Day Free Trial								-	0.03	0.07	0.18	0.33

Competitive Comparison of Bindura Nickel's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Bindura Nickel'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.

Bindura Nickel's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Bindura Nickel Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bindura Nickel'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
	=	(2467.16	+	1969.993)	/	13407.094
	=	0.33

Bindura Nickel's Debt to Equity Ratio for the quarter 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
	=	(2467.16	+	1969.993)	/	13407.094
	=	0.33

Bindura Nickel (XZIM:BIND.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.

Bindura Nickel Debt-to-Equity Related Terms

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Bindura Nickel (XZIM:BIND.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bindura Nickel Corp Ltd (XZIM:BIND.ZW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Trojan Mine Road, Trojan Nickel Mine, P.O Box 35, Bindura, ZWE

Website

https://www.binduranickel.co.zw

Bindura Nickel Corp Ltd is a mining company. It is engaged in the mining and extraction of nickel and its by-products (copper and cobalt). Its product is nickel in concentrate which contains nickel sulphide.

Bindura Nickel (XZIM:BIND.ZW) Headlines

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