Afrika Gold AG (HAM:GOG) Debt-to-Asset : 0.28 (As of Jun. 2021)

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What is Afrika Gold AG Debt-to-Asset?

Afrika Gold AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was €0.34 Mil. Afrika Gold AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was €2.38 Mil. Afrika Gold AG's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2021 was €9.82 Mil. Afrika Gold AG's debt to asset for the quarter that ended in Jun. 2021 was 0.28.

Afrika Gold AG Debt-to-Asset Historical Data

The historical data trend for Afrika Gold AG'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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Afrika Gold AG Debt-to-Asset Chart

Afrika Gold AG Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Debt-to-Asset

0.49

0.23

0.27

0.28

Afrika Gold AG Semi-Annual Data
	Jun17	Jun18	Jun19	Jun20	Jun21
Debt-to-Asset	-	0.49	0.23	0.27	0.28

Competitive Comparison of Afrika Gold AG's Debt-to-Asset

For the Gold subindustry, Afrika Gold AG'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.

Afrika Gold AG's Debt-to-Asset Distribution in the Metals & Mining Industry

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

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

Afrika Gold AG Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Afrika Gold AG's Debt-to-Asset for the fiscal year that ended in Jun. 2021 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.336	+	2.384)	/	9.818
	=	0.28

Afrika Gold AG's Debt-to-Asset for the quarter that ended in Jun. 2021 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.336	+	2.384)	/	9.818
	=	0.28

Afrika Gold AG (HAM:GOG) 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.

Afrika Gold AG Debt-to-Asset Related Terms

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Afrika Gold AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Afrika Gold AG (HAM:GOG) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Firststrasse 15, Feusisberg, CHE, 8835

Website

https://www.afrika-gold.ch

Afrika Gold AG operates the Lancaster Gold Mine at Krugersdorp situated west of Johannesburg, South Africa. The company mines gold near the surface of the Witwatersrand gold-bearing reefs.

Afrika Gold AG Headlines

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