Zip Co (ASX:ZIP) Debt-to-Asset : 0.77 (As of Dec. 2023)

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What is Zip Co Debt-to-Asset?

Zip Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.0 Mil. Zip Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$2,586.0 Mil. Zip Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$3,374.2 Mil. Zip Co's debt to asset for the quarter that ended in Dec. 2023 was 0.77.

Zip Co Debt-to-Asset Historical Data

The historical data trend for Zip Co's Debt-to-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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Zip Co Debt-to-Asset Chart

Zip Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Asset

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0.86

0.82

0.63

0.82

0.87

Zip Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.69	0.82	0.75	0.87	0.77

Competitive Comparison of Zip Co's Debt-to-Asset

For the Credit Services subindustry, Zip Co's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Zip Co's Debt-to-Asset Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Zip Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Zip Co's Debt-to-Asset falls into.

Zip Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Zip Co's Debt-to-Asset for the fiscal year that ended in Jun. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	2936.093)	/	3394.767
	=	0.86

Zip Co's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	2586.03)	/	3374.174
	=	0.77

Zip Co (ASX:ZIP) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Zip Co Debt-to-Asset Related Terms

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Zip Co (ASX:ZIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Zip Co Ltd (ASX:ZIP) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

ZIZTF:USA

Address

126 Phillip Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.zipmoneylimited.com.au

Zip is a diversified finance provider, offering consumer financing via a line of credit (via Zip Pay and Zip Money) and instalment-based finance (via QuadPay, Spotii, Twisto, and PayFlex); as well as lending to small to midsize enterprises (via Zip Business). Zip's fortunes are largely tied to the buy now, pay later, or BNPL, industry. Most of its products—Zip Pay, QuadPay (Zip U.S.), and PayFlex—do not charge interest based on outstanding balances. Around 60%-70% of Zip Pay's/Zip Money's revenue is derived from customers, mainly via account fees and interest. Meanwhile, its instalment businesses primarily generate revenue by receiving a margin from merchants, which compensates it for accepting all nonpayment risk and for encouraging consumers to transact more frequently.