African Agriculture Holdings (African Agriculture Holdings) Debt-to-Equity : -0.48 (As of Mar. 2024)

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What is African Agriculture Holdings Debt-to-Equity?

African Agriculture Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $4.85 Mil. African Agriculture Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $6.85 Mil. African Agriculture Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-24.36 Mil. African Agriculture Holdings's debt to equity for the quarter that ended in Mar. 2024 was -0.48.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for African Agriculture Holdings's Debt-to-Equity or its related term are showing as below:

AAGR' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.79 Med: -1.29 Max: -0.48
Current: -0.48

During the past 3 years, the highest Debt-to-Equity Ratio of African Agriculture Holdings was -0.48. The lowest was -1.79. And the median was -1.29.

AAGR's Debt-to-Equity is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 0.4 vs AAGR: -0.48

African Agriculture Holdings Debt-to-Equity Historical Data

The historical data trend for African Agriculture Holdings's Debt-to-Equity 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 Agriculture Holdings Debt-to-Equity Chart

African Agriculture Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

-1.29

-1.79

-0.52

African Agriculture Holdings Quarterly Data
	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial				-1.40	-1.16	-1.41	-0.52	-0.48

Competitive Comparison of African Agriculture Holdings's Debt-to-Equity

For the Farm Products subindustry, African Agriculture Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Agriculture Holdings's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, African Agriculture Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where African Agriculture Holdings's Debt-to-Equity falls into.

African Agriculture Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

African Agriculture Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(4.917	+	6.819)	/	-22.583
	=	-0.52

African Agriculture Holdings's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(4.845	+	6.854)	/	-24.357
	=	-0.48

African Agriculture Holdings (NAS:AAGR) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

African Agriculture Holdings Debt-to-Equity Related Terms

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African Agriculture Holdings (African Agriculture Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » African Agriculture Holdings Inc (NAS:AAGR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

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

Website

African Agriculture Holdings Inc is a holding company that operates principally through its wholly-owned subsidiary, which is developing the company's initial commercial farming business based in northern Senegal focusing on the production and sale of alfalfa for cattle feed and nutrition purposes. The company will sell alfalfa to owners and suppliers of cattle for feed and nutritional purposes, primarily in Senegal and the surrounding regions in Africa, the Economic Community of West African States (ECOWAS) region and the Middle East.