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

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What is Africa Oil 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. Africa Oil's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

Africa Oil's long-term debt to total assets ratio stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Africa Oil LT-Debt-to-Total-Asset Historical Data

The historical data trend for Africa Oil'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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Africa Oil LT-Debt-to-Total-Asset Chart

Africa Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-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
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

Africa Oil LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	0	/	966.2
	=

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

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0	/	966.2
	=

Africa Oil (OTCPK:AOIFF) 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.

Africa Oil LT-Debt-to-Total-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 » LT-Debt-to-Total-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

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Africa Oil Share Capital and Voting Rights Update

By GlobeNewswire GlobeNewswire • 03-30-2018

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

By GlobeNewswire GlobeNewswire • 03-29-2018

Voting Results of Africa Oil Annual General Meeting

By GlobeNewswire GlobeNewswire • 04-19-2018