National Tyre Services (XZIM:NTS.ZW) Debt-to-Equity : 0.10 (As of Mar. 2024)

View and export this data going back to . Start your Free Trial

What is National Tyre Services Debt-to-Equity?

National Tyre Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ZWL26,449 Mil. National Tyre Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ZWL13,633 Mil. National Tyre Services's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ZWL422,347 Mil. National Tyre Services's debt to equity for the quarter that ended in Mar. 2024 was 0.09.

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 National Tyre Services's Debt-to-Equity or its related term are showing as below:

XZIM:NTS.ZW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.11 Max: 0.41
Current: 0.1

During the past 10 years, the highest Debt-to-Equity Ratio of National Tyre Services was 0.41. The lowest was 0.05. And the median was 0.11.

XZIM:NTS.ZW's Debt-to-Equity is ranked better than
83.5% of 1188 companies
in the Vehicles & Parts industry
Industry Median: 0.475 vs XZIM:NTS.ZW: 0.10

National Tyre Services Debt-to-Equity Historical Data

The historical data trend for National Tyre Services'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.

National Tyre Services Debt-to-Equity Chart

National Tyre Services Annual Data

Trend

Mar09

Mar11

Mar12

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

Get a 7-Day Free Trial

0.18

0.41

0.09

0.11

0.10

National Tyre Services Semi-Annual Data
	Mar09	Mar11	Mar12	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial					0.18	0.41	0.09	0.11	0.10

Competitive Comparison of National Tyre Services's Debt-to-Equity

For the Auto Parts subindustry, National Tyre Services'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.

National Tyre Services's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, National Tyre Services's Debt-to-Equity distribution charts can be found below:

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

National Tyre Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

National Tyre Services's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(26448.945	+	13632.617)	/	422347.394
	=	0.09

National Tyre Services's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(26448.945	+	13632.617)	/	422347.394
	=	0.09

National Tyre Services (XZIM:NTS.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.

National Tyre Services Debt-to-Equity Related Terms

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

National Tyre Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » National Tyre Services Ltd (XZIM:NTS.ZW) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Corner Cripps and Seke Roads, P.O. Box 3018, Stand No. 4608, Graniteside, Harare, ZWE

Website

https://www.ntsgroup.co.zw

National Tyre Services Ltd is engaged in reprocessing and the retailing of tyres. The company is a retailer of new tyres and tubes. In addition, its other activities include relugging of agriculture and earth moving tyres and the procurement of truck tyres for the Zimbabwe transport industry. The company's product consists of Dunlop, Bridgestone, Firestone, Yokohama, Pirelli, Bandag, Regal, and Comforser which offers passenger, sports utility vehicle, light truck, trucks, and bus, off-the-road, agriculture, application-specific and light truck tyres. The company has over 10 retail outlets situated throughout the country with over three being located in Harare.

National Tyre Services Headlines

No Headlines