African Discovery Group (African Discovery Group) LT-Debt-to-Total-Asset : 0.00 (As of Aug. 2023)

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What is African Discovery Group LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. African Discovery Group's long-term debt to total assests ratio for the quarter that ended in Aug. 2023 was 0.00.

African Discovery Group's long-term debt to total assets ratio declined from Feb. 2017 (0.28) to Aug. 2023 (0.00). It may suggest that African Discovery Group is progressively becoming less dependent on debt to grow their business.

African Discovery Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for African Discovery Group's LT-Debt-to-Total-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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African Discovery Group LT-Debt-to-Total-Asset Chart

African Discovery Group Annual Data

Trend

Dec10

Feb12

Feb13

Feb15

Feb16

Feb17

LT-Debt-to-Total-Asset

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0.44

0.06

0.09

0.28

African Discovery Group Semi-Annual Data
	Jun10	Dec10	Jun11	Feb12	Aug12	Feb13	Aug13	Feb15	Aug15	Feb16	Aug16	Feb17	Aug22	Aug23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.09	0.06	0.28	-	-

African Discovery Group LT-Debt-to-Total-Asset Calculation

African Discovery Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2017 is calculated as

LT Debt to Total Assets (A: Feb. 2017 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2017 )	/	Total Assets (A: Feb. 2017 )
	=	1.323	/	4.709
	=	0.28

African Discovery Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (Q: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2023 )	/	Total Assets (Q: Aug. 2023 )
	=	0	/	0.798
	=	0.00

African Discovery Group (OTCPK:AFDG) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

African Discovery Group LT-Debt-to-Total-Asset Related Terms

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African Discovery Group (African Discovery Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » African Discovery Group Inc (OTCPK:AFDG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

445 Park Avenue, Ninth Floor, New York, NY, USA, 10022

Website

https://www.africandiscoverygroup.com

African Discovery Group Inc primary business from which it currently generates revenue includes power, agriculture/sustainability, media, strategic minerals, and finance sectors on the African continent.

African Discovery Group (African Discovery Group) Headlines

From GuruFocus

African Discovery Group, Inc. (AFDG) enters collaboration with Ogelle, a dedicated African Social Media Network; announces DTC eligibility

By PRNewswire PRNewswire • 02-25-2021

African Discovery Group, Inc. Announces Completion of Capital Raise

By PRNewswire PRNewswire • 02-08-2021