African Pioneer (LSE:AFP) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is African Pioneer Debt-to-Equity?

African Pioneer's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.00 Mil. African Pioneer's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.00 Mil. African Pioneer's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £4.53 Mil. African Pioneer's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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

During the past 6 years, the highest Debt-to-Equity Ratio of African Pioneer was 0.87. The lowest was 0.38. And the median was 0.77.

LSE:AFP's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

African Pioneer Debt-to-Equity Historical Data

The historical data trend for African Pioneer'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 Pioneer Debt-to-Equity Chart

African Pioneer Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.87

0.77

African Pioneer Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					-	-	-	-	-

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

For the Other Industrial Metals & Mining subindustry, African Pioneer'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 Pioneer's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, African Pioneer's Debt-to-Equity distribution charts can be found below:

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

African Pioneer Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

African Pioneer's Debt to Equity Ratio for the fiscal year that ended in Dec. 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)	/	4.527
	=	0.00

African Pioneer's Debt to Equity Ratio for the quarter that ended in Dec. 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)	/	4.527
	=	0.00

African Pioneer (LSE:AFP) 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 Pioneer Debt-to-Equity Related Terms

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

African Pioneer (LSE:AFP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » African Pioneer PLC (LSE:AFP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

9TI:Germany

Address

19-21 Circular Road, Douglas, IMN, IM1 1AF

Website

https://www.africanpioneerplc.com

African Pioneer PLC is engaged in exploring opportunities within the natural resources sector in Sub-Saharan Africa, with a focus on base and precious metals including but not limited to copper, nickel, and zinc. The company' tends to enhance the value of its mineral resource Projects located in Namibia, Zambia, and Botswana through exploration and technical studies conducted by the company or through a joint venture or other arrangements to establish the Projects.

African Pioneer (LSE:AFP) Headlines

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