Africa Energy (Africa Energy) Debt-to-Asset : 0.06 (As of Mar. 2024)

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What is Africa Energy Debt-to-Asset?

Africa Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $7.40 Mil. Africa Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Africa Energy's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was $115.84 Mil. Africa Energy's debt to asset for the quarter that ended in Mar. 2024 was 0.06.

Africa Energy Debt-to-Asset Historical Data

The historical data trend for Africa Energy'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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Africa Energy Debt-to-Asset Chart

Africa Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.02

0.05

Africa Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.02	0.02	0.02	0.05	0.06

Competitive Comparison of Africa Energy's Debt-to-Asset

For the Oil & Gas E&P subindustry, Africa Energy'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.

Africa Energy's Debt-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Africa Energy's Debt-to-Asset distribution charts can be found below:

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

Africa Energy Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Africa Energy'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	+	6.826)	/	138.833
	=	0.05

Africa Energy's Debt-to-Asset for the quarter that ended in Mar. 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
	=	(7.399	+	0)	/	115.843
	=	0.06

Africa Energy (OTCPK:HPMCF) 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.

Africa Energy Debt-to-Asset Related Terms

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Africa Energy (Africa Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Africa Energy Corp (OTCPK:HPMCF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

AEC:Sweden H73:Germany AFE:Canada

Address

885 West Georgia Street, Suite 2000, Vancouver, BC, CAN, V6C 3E8

Website

https://www.africaenergycorp.com

Africa Energy Corp is an Canadian based oil and gas exploration company focused on South Africa. The company has exploration assets in South Africa and Namibia. The operations of the company include Block 11B/12B and Block 2B in South Africa as well as Petroleum Exploration License 37 in Namibia.