Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Zimre Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ZWL514,845 Mil. Zimre Holdings's Total Assets for the quarter that ended in Dec. 2023 was ZWL1,180,168 Mil.
Therefore, Zimre Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.44.
The historical rank and industry rank for Zimre Holdings's Equity-to-Asset or its related term are showing as below:
XZIM:ZIMR.ZW'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.37 Med: 0.44 Max: 0.52
Current: 0.44
During the past 8 years, the highest Equity to Asset Ratio of Zimre Holdings was 0.52. The lowest was 0.37. And the median was 0.44.
XZIM:ZIMR.ZW's Equity-to-Asset is ranked better than 81.85% of 496
companies
in the Insurance industry
Industry Median: 0.24
vs XZIM:ZIMR.ZW: 0.44
Zimre Holdings Equity-to-Asset Historical Data
The historical data trend for Zimre Holdings's Equity-to-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.
Competitive Comparison of Zimre Holdings's Equity-to-Asset
For the Insurance - Reinsurance subindustry, Zimre Holdings's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.
Zimre Holdings's Equity-to-Asset Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Zimre Holdings's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Zimre Holdings's Equity-to-Asset falls into.
Zimre Holdings Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Zimre Holdings's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Zimre Holdings Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Zimre Holdings's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Zimre Holdings (XZIM:ZIMR.ZW) Business Description
Zimre Holdings Ltd is a Zimbabwe-based investment holding company. The firm operates its business activities in five segments. The Reinsurance segment offers short-term reinsurance products and services to general insurance companies locally, regionally and internationally. The Life reassurance segment offers its services to life assurance companies and medical aid societies locally and regionally. The Property segment is engaged in leasing, developing, managing, selling and buying properties. General insurance offers short-term insurance products and services directly to policyholders locally. Life and Pension segment. The Reinsurance segment contributes to the majority of the company's revenue. Zimre has operations in Botswana, Malawi, Mozambique, South Africa, Zambia and Zimbabwe.
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