Africa Oil (Africa Oil) Debt-to-Asset : 0.00 (As of Dec. 2023)

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What is Africa Oil Debt-to-Asset?

Africa Oil's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Africa Oil's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Africa Oil's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $966.20 Mil. Africa Oil's debt to asset for the quarter that ended in Dec. 2023 was 0.00.

Africa Oil Debt-to-Asset Historical Data

The historical data trend for Africa Oil's Debt-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.

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Africa Oil Debt-to-Asset Chart

Africa Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.16

Africa Oil Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Africa Oil's Debt-to-Asset

For the Oil & Gas E&P subindustry, Africa Oil's Debt-to-Asset, along with its competitors' market caps and Debt-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.

Africa Oil's Debt-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Africa Oil's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Africa Oil's Debt-to-Asset falls into.

Africa Oil Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Africa Oil's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	0)	/	966.2
	=	0.00

Africa Oil's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	0)	/	966.2
	=	0.00

Africa Oil (OTCPK:AOIFF) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Africa Oil Debt-to-Asset Related Terms

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Africa Oil (Africa Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Africa Oil Corp (OTCPK:AOIFF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

AOI:Sweden 0QVL:UK AFZ:Germany AOI:Canada

Address

885 West Georgia Street, Suite 2000, Vancouver, BC, CAN, V6C 3E8

Website

https://www.africaoilcorp.com

Africa Oil Corp is an international oil and gas exploration company. It is an exploration stage enterprise that participates in oil and gas projects located in emerging markets, in sub-Saharan Africa. The company operates in the business segment of international oil and gas exploration, and geographically, it operates in Kenya and Ethiopia.

Africa Oil (Africa Oil) Headlines

From GuruFocus

Africa Oil Announces Mailing of Meeting Materials for Annual Meeting of Shareholders

By GlobeNewswire GlobeNewswire • 03-29-2018

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By GlobeNewswire GlobeNewswire • 04-19-2018

Africa Oil Share Capital and Voting Rights Update

By GlobeNewswire GlobeNewswire • 03-30-2018