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Africa Prudential (NSA:AFRIPRUD) Debt-to-Equity : 0.00 (As of Mar. 2024)


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What is Africa Prudential Debt-to-Equity?

Africa Prudential's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₦0.0 Mil. Africa Prudential's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₦0.0 Mil. Africa Prudential's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₦9,040.9 Mil. Africa Prudential's debt to equity for the quarter that ended in Mar. 2024 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 Africa Prudential's Debt-to-Equity or its related term are showing as below:

During the past 9 years, the highest Debt-to-Equity Ratio of Africa Prudential was 0.52. The lowest was 0.00. And the median was 0.00.

NSA:AFRIPRUD's Debt-to-Equity is not ranked *
in the Asset Management industry.
Industry Median: 0.19
* Ranked among companies with meaningful Debt-to-Equity only.

Africa Prudential Debt-to-Equity Historical Data

The historical data trend for Africa Prudential'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.

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Africa Prudential Debt-to-Equity Chart

Africa Prudential Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
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Africa Prudential Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23 Mar24
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Competitive Comparison of Africa Prudential's Debt-to-Equity

For the Asset Management subindustry, Africa Prudential'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.


Africa Prudential's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Africa Prudential's Debt-to-Equity distribution charts can be found below:

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



Africa Prudential Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Africa Prudential's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Africa Prudential's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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.


Africa Prudential  (NSA:AFRIPRUD) 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.


Africa Prudential Debt-to-Equity Related Terms

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


Africa Prudential (NSA:AFRIPRUD) Business Description

Traded in Other Exchanges
N/A
Address
220B, Ikorodu Road, Palmgrove, Lagos, NGA
Africa Prudential PLC is an investor service and business solutions, provider. The company's competency in digital technology covers advanced Agile and other Software Development life Circle (SDLC) Methodologies, Cyber Security, Cloud Computing, Design thinking/product Development Labs, Blockchain technology, among others. The Company deploys Software as a Service ( SaaS) which are scalable for various sizes of organizations.

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