Turnall Holdings (XZIM:TURN.ZW) Debt-to-Equity : 0.06 (As of Jun. 2024)

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What is Turnall Holdings Debt-to-Equity?

Turnall Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ZWG44.5 Mil. Turnall Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ZWG0.1 Mil. Turnall Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ZWG733.4 Mil. Turnall Holdings's debt to equity for the quarter that ended in Jun. 2024 was 0.06.

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

XZIM:TURN.ZW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 1.54 Max: 2.62
Current: 0.06

During the past 9 years, the highest Debt-to-Equity Ratio of Turnall Holdings was 2.62. The lowest was 0.06. And the median was 1.54.

XZIM:TURN.ZW's Debt-to-Equity is ranked better than
86.79% of 1560 companies
in the Construction industry
Industry Median: 0.43 vs XZIM:TURN.ZW: 0.06

Turnall Holdings Debt-to-Equity Historical Data

The historical data trend for Turnall Holdings'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.

Turnall Holdings Debt-to-Equity Chart

Turnall Holdings Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Debt-to-Equity

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1.38

1.70

2.16

1.75

0.82

Turnall Holdings Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial														1.75	1.32	0.82	N/A	0.06

Competitive Comparison of Turnall Holdings's Debt-to-Equity

For the Building Products & Equipment subindustry, Turnall Holdings'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.

Turnall Holdings's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Turnall Holdings's Debt-to-Equity distribution charts can be found below:

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

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Turnall Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Turnall Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2018 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
	=	(32.281	+	138.435)	/	207.129
	=	0.82

Turnall Holdings's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(44.517	+	0.134)	/	733.419
	=	0.06

Turnall Holdings (XZIM:TURN.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.

Turnall Holdings Debt-to-Equity Related Terms

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

Turnall Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Turnall Holdings Ltd (XZIM:TURN.ZW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Glasgow Road, Workington, P.O. Box 3985, Southerton, Harare, ZWE

Website

https://www.turnall.co.zw

Turnall Holdings Ltd is a Zimbabwe-based company, which is engaged in the production of building and construction materials comprising corrugated sheeting, flat sheets, pressure pipes, sewer pipes, concrete roofing tiles, and related accessories. It operates through segments, which include Building Products, Piping products, Concrete tiles, and Construction. The Building Products segment which earns the majority of revenue is engaged in the production of roofing sheets, flat sheets, and molded goods. Its Piping products segment is engaged in the production of water and sewer reticulation pipes. The Concrete tile segment is engaged in the production of concrete roofing products. Geographically, it derives maximum revenue from Zimbabwe.

Turnall Holdings Headlines

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