OK Zimbabwe (XZIM:OKZ.ZW) Debt-to-Equity : 0.32 (As of Sep. 2023)

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What is OK Zimbabwe Debt-to-Equity?

OK Zimbabwe's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ZWL21,426 Mil. OK Zimbabwe's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ZWL63,195 Mil. OK Zimbabwe's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ZWL267,414 Mil. OK Zimbabwe's debt to equity for the quarter that ended in Sep. 2023 was 0.32.

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 OK Zimbabwe's Debt-to-Equity or its related term are showing as below:

XZIM:OKZ.ZW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.23 Max: 0.38
Current: 0.32

During the past 9 years, the highest Debt-to-Equity Ratio of OK Zimbabwe was 0.38. The lowest was 0.04. And the median was 0.23.

XZIM:OKZ.ZW's Debt-to-Equity is ranked better than
67.93% of 1001 companies
in the Retail - Cyclical industry
Industry Median: 0.62 vs XZIM:OKZ.ZW: 0.32

OK Zimbabwe Debt-to-Equity Historical Data

The historical data trend for OK 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.

OK Zimbabwe Debt-to-Equity Chart

OK Zimbabwe Annual Data

Trend

Mar09

Mar11

Mar12

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.05

0.17

0.23

0.38

OK Zimbabwe Semi-Annual Data
	Mar11	Sep11	Mar12	Sep12	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial											0.32	0.23	0.25	0.38	0.32

Competitive Comparison of OK Zimbabwe's Debt-to-Equity

For the Department Stores subindustry, OK 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.

OK Zimbabwe's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, OK Zimbabwe's Debt-to-Equity distribution charts can be found below:

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

OK Zimbabwe Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

OK Zimbabwe'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
	=	(8561.003	+	13908.52)	/	59347.675
	=	0.38

OK Zimbabwe's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(21426.218	+	63195.13)	/	267414.119
	=	0.32

OK Zimbabwe (XZIM:OKZ.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.

OK Zimbabwe Debt-to-Equity Related Terms

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

OK Zimbabwe (XZIM:OKZ.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » OK Zimbabwe Ltd (XZIM:OKZ.ZW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

OK House, 7 Ramon Road, P.O. Box 3081, Graniteside, Harare, ZWE

Website

https://www.okziminvestor.com

OK Zimbabwe Ltd is a supermarket retailer in Zimbabwe. The company's business covers three categories including groceries, basic clothing and textiles, and houseware products. Its groceries category includes dry groceries, butchery, delicatessen, takeaway, bakery, provisions and fruit, and vegetable sections. The company trades its product under brand names, including OK Stores, Bon Marche Stores, and OKmart.

OK Zimbabwe (XZIM:OKZ.ZW) Headlines

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