Unifreight Africa (XZIM:UNIF.ZW) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2023)

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

What is Unifreight Africa 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. Unifreight Africa's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.07.

Unifreight Africa's long-term debt to total assets ratio increased from Dec. 2021 (0.04) to Dec. 2023 (0.07). It may suggest that Unifreight Africa is progressively becoming more dependent on debt to grow their business.

Unifreight Africa LT-Debt-to-Total-Asset Historical Data

The historical data trend for Unifreight Africa'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.

* Premium members only.

Unifreight Africa LT-Debt-to-Total-Asset Chart

Unifreight Africa Annual Data

Trend

Dec09

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.01

0.02

0.04

0.24

0.07

Unifreight Africa Semi-Annual Data
	Dec09	Dec11	Dec12	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.01	0.02	0.04	0.24	0.07

Unifreight Africa LT-Debt-to-Total-Asset Calculation

Unifreight Africa's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	2074.81	/	29721.244
	=	0.07

Unifreight Africa's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	2074.81	/	29721.244
	=	0.07

Unifreight Africa (XZIM:UNIF.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.

Unifreight Africa LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Unifreight Africa's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Unifreight Africa Business Description

Industry

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

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

No Headlines