African Distillers (XZIM:AFDS.ZW) Debt-to-Equity : 0.48 (As of Sep. 2023)

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What is African Distillers Debt-to-Equity?

African Distillers's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ZWL22,184 Mil. African Distillers's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ZWL0 Mil. African Distillers's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ZWL46,700 Mil. African Distillers's debt to equity for the quarter that ended in Sep. 2023 was 0.48.

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 African Distillers's Debt-to-Equity or its related term are showing as below:

XZIM:AFDS.ZW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.1 Max: 0.48
Current: 0.48

During the past 8 years, the highest Debt-to-Equity Ratio of African Distillers was 0.48. The lowest was 0.01. And the median was 0.10.

XZIM:AFDS.ZW's Debt-to-Equity is ranked worse than
55.74% of 183 companies
in the Beverages - Alcoholic industry
Industry Median: 0.39 vs XZIM:AFDS.ZW: 0.48

African Distillers Debt-to-Equity Historical Data

The historical data trend for African Distillers'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.

African Distillers Debt-to-Equity Chart

African Distillers Annual Data

Trend

Jun09

Jun11

Jun12

Jun18

Jun19

Jun20

Mar22

Mar23

Debt-to-Equity

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0.05

0.41

African Distillers Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial										-	0.05	0.10	0.41	0.48

Competitive Comparison of African Distillers's Debt-to-Equity

For the Beverages - Wineries & Distilleries subindustry, African Distillers'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.

African Distillers's Debt-to-Equity Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, African Distillers's Debt-to-Equity distribution charts can be found below:

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

African Distillers Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

African Distillers's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(3744.982	+	0)	/	9213.052
	=	0.41

African Distillers's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(22183.636	+	0)	/	46699.505
	=	0.48

African Distillers (XZIM:AFDS.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.

African Distillers Debt-to-Equity Related Terms

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

African Distillers (XZIM:AFDS.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » African Distillers Ltd (XZIM:AFDS.ZW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 km peg Lomagundi Road, Stapleford, Westgate, Harare, ZWE

Website

https://www.africandistillers.co.zw

African Distillers Ltd is engaged in the manufacturing, distribution, and marketing of branded spirits, ciders, and wines for the Zimbabwean market and for export. The company has six depots in Bulawayo, Harare, Kwekwe, Masvingo, Mutare and Victoria Falls. Brown spirits sales generate maximum revenue for the company. The product portfolio includes brown spirits, ciders, white spirits, still wines, liqueur, spirit coolers, fortified wines, sparkling wines, and sparkling juice.

African Distillers (XZIM:AFDS.ZW) Headlines

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