Rainbow Tourism Group (XZIM:RTG.ZW) Debt-to-Equity : 0.07 (As of Dec. 2023)

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What is Rainbow Tourism Group Debt-to-Equity?

Rainbow Tourism Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ZWG285 Mil. Rainbow Tourism Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ZWG883 Mil. Rainbow Tourism Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ZWG17,595 Mil. Rainbow Tourism Group's debt to equity for the quarter that ended in Dec. 2023 was 0.07.

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 Rainbow Tourism Group's Debt-to-Equity or its related term are showing as below:

XZIM:RTG.ZW's Debt-to-Equity is not ranked ^*
in the Travel & Leisure industry.
Industry Median: 0.43
* Ranked among companies with meaningful Debt-to-Equity only.

Rainbow Tourism Group Debt-to-Equity Historical Data

The historical data trend for Rainbow Tourism Group'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.

Rainbow Tourism Group Debt-to-Equity Chart

Rainbow Tourism Group Annual Data

Trend

Dec08

Dec09

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.11

0.10

0.06

0.07

Rainbow Tourism Group Semi-Annual Data
	Dec08	Dec09	Jun11	Dec11	Jun12	Dec12	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											N/A	0.06	0.03	0.06	0.07

Competitive Comparison of Rainbow Tourism Group's Debt-to-Equity

For the Lodging subindustry, Rainbow Tourism Group'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.

Rainbow Tourism Group's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Rainbow Tourism Group's Debt-to-Equity distribution charts can be found below:

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

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Rainbow Tourism Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rainbow Tourism Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(285.107	+	882.801)	/	17594.799
	=	0.07

Rainbow Tourism Group's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(285.107	+	882.801)	/	17594.799
	=	0.07

Rainbow Tourism Group (XZIM:RTG.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.

Rainbow Tourism Group Debt-to-Equity Related Terms

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Rainbow Tourism Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Rainbow Tourism Group Ltd (XZIM:RTG.ZW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Pennefather Avenue, Samora Machel Avenue West, Rainbow Towers Hotel and Conference Centre, Harare, ZWE

Website

https://www.rtgafrica.com

Rainbow Tourism Group Ltd is a Zimbabwe-based hospitality management company. It is engaged in providing hotel and conferencing facilities in Zimbabwe. It derives revenue through the sources of room revenue; food beverages and conferencing; and other operating activities. The hotels of the company include Rainbow Towers Hotel & Conference Centre, New Ambassador Hotel, Kadoma Hotel & Conference Centre, Bulawayo Rainbow Hotel, A'Zambezi River Lodge, and Victoria Falls Rainbow Hotel-Victoria Falls.

Rainbow Tourism Group Headlines

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