African Discovery Group (African Discovery Group) Equity-to-Asset : 0.55 (As of Aug. 2023)

African Discovery Group Equity-to-Asset Chart

African Discovery Group Semi-Annual Data
	Jun10	Dec10	Jun11	Feb12	Aug12	Feb13	Aug13	Feb15	Aug15	Feb16	Aug16	Feb17	Aug22	Aug23
Equity-to-Asset	Get a 7-Day Free Trial									0.10	0.14	0.16	-	0.55

Competitive Comparison of African Discovery Group's Equity-to-Asset

For the Conglomerates subindustry, African Discovery Group'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.

African Discovery Group's Equity-to-Asset Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, African Discovery Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where African Discovery Group's Equity-to-Asset falls into.

African Discovery Group 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.

African Discovery Group's Equity to Asset Ratio for the fiscal year that ended in Feb. 2017 is calculated as

African Discovery Group's Equity to Asset Ratio for the quarter that ended in Aug. 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.

African Discovery Group  (OTCPK:AFDG) Equity-to-Asset Explanation

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%.

African Discovery Group Equity-to-Asset Related Terms

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African Discovery Group (African Discovery Group) Business Description