Unifreight Africa (XZIM:UNIF.ZW) Debt-to-Equity : 0.17 (As of Dec. 2023)

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What is Unifreight Africa Debt-to-Equity?

Unifreight Africa's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ZWG51.0 Mil. Unifreight Africa's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ZWG77.4 Mil. Unifreight Africa's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ZWG739.4 Mil. Unifreight Africa's debt to equity for the quarter that ended in Dec. 2023 was 0.17.

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

XZIM:UNIF.ZW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.12 Max: 0.68
Current: 0.17

During the past 9 years, the highest Debt-to-Equity Ratio of Unifreight Africa was 0.68. The lowest was 0.03. And the median was 0.12.

XZIM:UNIF.ZW's Debt-to-Equity is not ranked
in the Transportation industry.
Industry Median: 0.54 vs XZIM:UNIF.ZW: 0.17

Unifreight Africa Debt-to-Equity Historical Data

The historical data trend for Unifreight Africa'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.

Unifreight Africa Debt-to-Equity Chart

Unifreight Africa Annual Data

Trend

Dec09

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.04

0.03

0.07

0.68

0.17

Unifreight Africa Semi-Annual Data
	Dec09	Dec11	Dec12	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				0.04	0.03	0.07	0.68	0.17

Competitive Comparison of Unifreight Africa's Debt-to-Equity

For the Railroads subindustry, Unifreight Africa'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.

Unifreight Africa's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Unifreight Africa's Debt-to-Equity distribution charts can be found below:

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

Unifreight Africa Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Unifreight Africa'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
	=	(50.972	+	77.385)	/	739.367
	=	0.17

Unifreight Africa'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
	=	(50.972	+	77.385)	/	739.367
	=	0.17

Unifreight Africa (XZIM:UNIF.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.

Unifreight Africa Debt-to-Equity Related Terms

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Unifreight Africa Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Unifreight Africa Ltd (XZIM:UNIF.ZW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corner Orme/Willow Roads, Southerton, Harare, ZWE

Website

https://www.unifreight.co.zw

Unifreight Africa Ltd is a Zimbabwe-based transport company. It is involved in the road transport industry whose main activities include inter-city freight consolidations, the distribution of general goods, and a courier service. The company's brands include Swift Transport, Bulwark Transport, and SkyNet Worldwide Express. Its operating divisions include Transport and Courier; Dedicated and Specialised and International distribution logistics. It operates in two segments namely Transport and Logistics solution and Investment property. The company generates maximum revenue from Transport and Logistics segment. Geographically, it derives revenue from Zimbabwe.

Unifreight Africa Headlines

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