Zoomcar Holdings (Zoomcar Holdings) Liabilities-to-Assets : 2.56 (As of Dec. 2023)

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What is Zoomcar Holdings Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Zoomcar Holdings's Total Liabilities for the quarter that ended in Dec. 2023 was $43.08 Mil. Zoomcar Holdings's Total Assets for the quarter that ended in Dec. 2023 was $16.85 Mil. Therefore, Zoomcar Holdings's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 2.56.

Zoomcar Holdings Liabilities-to-Assets Historical Data

The historical data trend for Zoomcar Holdings's Liabilities-to-Assets 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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Zoomcar Holdings Liabilities-to-Assets Chart

Zoomcar Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Liabilities-to-Assets

3.76

4.88

14.42

Zoomcar Holdings Quarterly Data
	Mar21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23
Liabilities-to-Assets	Get a 7-Day Free Trial			-	12.81	14.42	16.66	2.56

Competitive Comparison of Zoomcar Holdings's Liabilities-to-Assets

For the Rental & Leasing Services subindustry, Zoomcar Holdings's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.

Zoomcar Holdings's Liabilities-to-Assets Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Zoomcar Holdings's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Zoomcar Holdings's Liabilities-to-Assets falls into.

Zoomcar Holdings Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Zoomcar Holdings's Liabilities-to-Assets Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Liabilities-to-Assets (A: Mar. 2023 )	=	Total Liabilities	/	Total Assets
	=	237.375	/	16.458
	=	14.42

Zoomcar Holdings's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 is calculated as

Liabilities-to-Assets (Q: Dec. 2023 )	=	Total Liabilities	/	Total Assets
	=	43.078	/	16.847
	=	2.56

Zoomcar Holdings (NAS:ZCAR) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.

Zoomcar Holdings Liabilities-to-Assets Related Terms

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Zoomcar Holdings (Zoomcar Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Zoomcar Holdings Inc (NAS:ZCAR) » Definitions » Liabilities-to-Assets

Comparable Companies

Traded in Other Exchanges

EO3:Germany

Address

HAL Old Airport Road, No.147, 1st Floor, ISRO Colony, Anjaneya Techno Park, Kodihalli, Bangalore, KA, IND, 560008

Website

https://www.zoomcar.com

Zoomcar Holdings Inc is India's largest marketplace for cars on rent. Zoomcar is a leading emerging-market-focused peer-to-peer car-sharing marketplace, with approximately 21,000 vehicles registered through its platform. The Company derives its revenue principally from short-term self-drive rentals and vehicle subscriptions. The self-drive rental business generates the majority of revenue. Geographically The company operates in India, Egypt, Indonesia, Vietnam, and the Philippines, Out of which the majority of revenue is derived from India.