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RioZim (XZIM:RIOZ.ZW) Debt-to-Equity : -0.12 (As of Dec. 2024)


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What is RioZim Debt-to-Equity?

RioZim's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ZWG95.6 Mil. RioZim's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ZWG7.3 Mil. RioZim's Total Stockholders Equity for the quarter that ended in Dec. 2024 was ZWG-829.8 Mil. RioZim's debt to equity for the quarter that ended in Dec. 2024 was -0.12.

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

XZIM:RIOZ.ZW' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.12   Med: -0.12   Max: -0.12
Current: -0.12

During the past 2 years, the highest Debt-to-Equity Ratio of RioZim was -0.12. The lowest was -0.12. And the median was -0.12.

XZIM:RIOZ.ZW's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.145 vs XZIM:RIOZ.ZW: -0.12

RioZim Debt-to-Equity Historical Data

The historical data trend for RioZim'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.

RioZim Debt-to-Equity Chart

RioZim Annual Data
Trend Dec23 Dec24
Debt-to-Equity
N/A -0.12

RioZim Semi-Annual Data
Jun23 Dec23 Jun24 Dec24
Debt-to-Equity N/A N/A N/A -0.12

Competitive Comparison of RioZim's Debt-to-Equity

For the Gold subindustry, RioZim'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.

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

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

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


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RioZim Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

RioZim's Debt to Equity Ratio for the fiscal year that ended in Dec. 2024 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
=(95.575 + 7.256) / -829.807
=-0.12

RioZim's Debt to Equity Ratio for the quarter that ended in Dec. 2024 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
=(95.575 + 7.256) / -829.807
=-0.12

* 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.

RioZim  (XZIM:RIOZ.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.

RioZim Debt-to-Equity Related Terms

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

RioZim Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » RioZim Ltd (XZIM:RIOZ.ZW) » Definitions » Debt-to-Equity
Comparable Companies
SHSE:601899 NEM TSX:AEM TSX:WPM TSX:ABX TSX:FNV AU MIC:PLZL JSE:GFI SHSE:600547 TSX:K ASX:NST TSX:LUG RGLD TSX:AGI TSX:PAAS ASX:EVN SHSE:600489 HKSE:01818 JSE:HAR
Traded in Other Exchanges
N/A
Address
No.1 Kenilworth Road, Highlands, Harare, ZWE
Website
https://www.riozim.co.zw
RioZim Ltd together with its subsidiaries engages in mining and metallurgical operations. The company's operating segments include Gold and Base Metals. The gold segment develops and mines gold that is ultimately sold as gold bullion. It generates maximum revenue from the Gold. Geographically, it derives a majority of its revenue from Zimbabwe. All the group's operations are located in Zimbabwe and situated in two geographic locations, Masvingo Province and Mashonaland West Province. The company is engaged in the operation of the Renco Goldmine in the south-east of Zimbabwe, the Dalny Mine based in Chakari, the Cam and Motor gold and the Empress Nickel Refinery mine in Kadoma.

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