Dairibord Holdings (XZIM:DZL.ZW) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2022)

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What is Dairibord Holdings LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Dairibord Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 0.04.

Dairibord Holdings's long-term debt to total assets ratio declined from Dec. 2021 (0.04) to Dec. 2022 (0.04). It may suggest that Dairibord Holdings is progressively becoming less dependent on debt to grow their business.

Dairibord Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Dairibord Holdings's LT-Debt-to-Total-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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Dairibord Holdings LT-Debt-to-Total-Asset Chart

Dairibord Holdings Annual Data

Trend

Dec08

Dec09

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.02

0.03

0.04

Dairibord Holdings Semi-Annual Data
	Dec09	Jun11	Dec11	Jun12	Dec12	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.03	0.08	0.04	0.03	0.04

Dairibord Holdings LT-Debt-to-Total-Asset Calculation

Dairibord Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	1270.266	/	35954.454
	=	0.04

Dairibord Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (Q: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )	/	Total Assets (Q: Dec. 2022 )
	=	1270.266	/	35954.454
	=	0.04

Dairibord Holdings (XZIM:DZL.ZW) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Dairibord Holdings LT-Debt-to-Total-Asset Related Terms

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Dairibord Holdings (XZIM:DZL.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Dairibord Holdings Ltd (XZIM:DZL.ZW) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

1225 Rekayi Tangwena Avenue, Belvedere, P.O. Box 587, Harare, ZWE

Website

https://www.dairibord.com

Dairibord Holdings Ltd manufactures, processes, markets, and distributes milk products, foods, and beverages in Zimbabwe. It operates through Manufacturing and Distribution (Zimbabwe), Corporate, and Properties segments. The company generates maximum revenue from the Manufacturing and Distribution segment. It offers various products, including liquid milk products, such as short and long shelf life, cultured, and cream milk products; food products comprising yoghurts, ice creams, cheese, ice cream cone shells, condiments, spreads, sauces, butter, and ghee; and beverages, which include cordials, ready to drink dairy and non-dairy beverages, teas, mineral water, juices, and drinking chocolate.

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