African Gold (FRA:8XJ) Debt-to-Asset : 0.05 (As of Jun. 2024)

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What is African Gold Debt-to-Asset?

African Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €0.27 Mil. African Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €0.00 Mil. African Gold's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was €5.36 Mil. African Gold's debt to asset for the quarter that ended in Jun. 2024 was 0.05.

African Gold Debt-to-Asset Historical Data

The historical data trend for African Gold's Debt-to-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 Gold Debt-to-Asset Chart

African Gold Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.01

African Gold Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Asset	Get a 7-Day Free Trial						-	-	-	0.01	0.05

Competitive Comparison of African Gold's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, African Gold's Debt-to-Asset, along with its competitors' market caps and Debt-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 Gold's Debt-to-Asset Distribution in the Metals & Mining Industry

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

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

African Gold Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

African Gold's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.092	+	0)	/	6.916
	=	0.01

African Gold's Debt-to-Asset for the quarter that ended in Jun. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.268	+	0)	/	5.362
	=	0.05

African Gold (FRA:8XJ) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

African Gold Debt-to-Asset Related Terms

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African Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » African Gold Ltd (FRA:8XJ) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

8XJ:Germany A1G:Australia

Address

513 Hay Street, Level 1, Suite 23, Subiaco, WA, AUS, 6008

Website

https://www.african-gold.com

African Gold Ltd is involved in exploration and evaluation of mineral resources and pursuing various investment opportunities in the resources sector designed to add shareholder value by acquiring, exploring, evaluating and exploiting mineral resource project opportunities in Africa. The company's operating segment includes Exploration and evaluation of Minerals in Cote d'Ivoire and Exploration and evaluation of Minerals in Mali.

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