Zenova Group (LSE:ZED) Debt-to-Equity : 0.05 (As of May. 2023)

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What is Zenova Group Debt-to-Equity?

Zenova Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2023 was £0.00 Mil. Zenova Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2023 was £0.12 Mil. Zenova Group's Total Stockholders Equity for the quarter that ended in May. 2023 was £2.59 Mil. Zenova Group's debt to equity for the quarter that ended in May. 2023 was 0.05.

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

LSE:ZED' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.04 Max: 0.05
Current: 0.05

During the past 3 years, the highest Debt-to-Equity Ratio of Zenova Group was 0.05. The lowest was 0.04. And the median was 0.04.

LSE:ZED's Debt-to-Equity is ranked better than
85.82% of 1396 companies
in the Chemicals industry
Industry Median: 0.35 vs LSE:ZED: 0.05

Zenova Group Debt-to-Equity Historical Data

The historical data trend for Zenova 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.

Zenova Group Debt-to-Equity Chart

Zenova Group Annual Data

Trend

Nov20

Nov21

Nov22

Debt-to-Equity

-4.03

0.04

0.05

Zenova Group Semi-Annual Data
	May21	Nov21	May22	Nov22	May23
Debt-to-Equity	N/A	0.04	0.04	0.05	0.05

Competitive Comparison of Zenova Group's Debt-to-Equity

For the Specialty Chemicals subindustry, Zenova 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.

Zenova Group's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zenova Group's Debt-to-Equity distribution charts can be found below:

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

Zenova Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zenova Group's Debt to Equity Ratio for the fiscal year that ended in Nov. 2022 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
	=	(0	+	0.161)	/	3.245
	=	0.05

Zenova Group's Debt to Equity Ratio for the quarter that ended in May. 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
	=	(0	+	0.121)	/	2.587
	=	0.05

Zenova Group (LSE:ZED) 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.

Zenova Group Debt-to-Equity Related Terms

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Zenova Group (LSE:ZED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zenova Group PLC (LSE:ZED) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

172 Arlington Road, London, GBR, NW1 7HL

Website

https://www.zenovagroup.com

Zenova Group PLC is engaged in the development, manufacture and sale of fire-retardant systems. It is the holder of intellectual property to underpin a suite of fire safety and temperature management products and technology applicable to industrial, commercial and residential markets. The company's product range includes fire protection paint, insulating paint and render and extinguishing fluid, and it has further products in varying stages of development and testing.

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