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Dangote Sugar RefineryNSA:DSRP +1.41%60 Equity-to-Asset is 0.13 as of Dec. 2025, which is 65% below its 10-year median of 0.37. GuruFocus rates NSA:DSRP with a GF Score™ of 60/100 and a GF Value™ of ₦73.09 (Fairly Valued). The stock has 9 warning signs investors should review. Among 2,006 Consumer Packaged Goods companies, Dangote Sugar Refinery ranks worse than 92.47% on this metric.
The historical rank and industry rank for Dangote Sugar Refinery's Equity-to-Asset or its related term are showing as below:
NSA:DSRP'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.13 Med: 0.37 Max: 0.57
Current: 0.13
During the past 13 years, the highest Equity to Asset Ratio of Dangote Sugar Refinery was 0.57. The lowest was 0.13. And the median was 0.37.
NSA:DSRP's Equity-to-Asset is ranked worse than 92.47% of 2006
companies
in the Consumer Packaged Goods industry
Industry Median: 0.54
vs NSA:DSRP: 0.13
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Dangote Sugar Refinery Equity-to-Asset Related Terms
Dangote Sugar Refinery Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Dangote Sugar Refinery's Equity-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.
NSA:DSRP vs MDLZ, HSY, TR: Equity-to-Asset Comparison
For the Confectioners subindustry, Dangote Sugar Refinery's Equity-to-Asset, along with its competitors' market caps and Equity-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.
Dangote Sugar Refinery Equity-to-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Dangote Sugar Refinery's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Dangote Sugar Refinery's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Dangote Sugar Refinery's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Dangote Sugar Refinery (NSA:DSRP) has a Equity-to-Asset of 0.13 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Dangote Sugar Refinery and its competitors. This is 65% below median its historical median of 0.37. Over the past decade, Dangote Sugar Refinery's Equity-to-Asset has ranged from 0.13 to 0.57. According to the industry distribution chart, Dangote Sugar Refinery ranks #1855 out of 2006 companies in the Consumer Packaged Goods industry, placing it in the top 92.5%.
Is Dangote Sugar Refinery's Equity-to-Asset too high?
Dangote Sugar Refinery's current Equity-to-Asset of 0.13 is 65% below median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 0.57. The Consumer Packaged Goods industry median Equity-to-Asset is 0.54. Dangote Sugar Refinery's value of 0.13 is 75.9% below this industry median. Based on the distribution chart, Dangote Sugar Refinery ranks #1855 out of 2006 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Dangote Sugar Refinery has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dangote Sugar Refinery's Equity-to-Asset compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Dangote Sugar Refinery ranks #1855 out of 2006 companies for Equity-to-Asset. This places Dangote Sugar Refinery in the lower half of its industry. The industry median Equity-to-Asset is 0.54. Dangote Sugar Refinery's value of 0.13 is 75.9% below this benchmark. Historically, Dangote Sugar Refinery's own Equity-to-Asset has ranged from 0.13 to 0.57 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 0.54, Dangote Sugar Refinery has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Consumer Packaged Goods company?
The median Equity-to-Asset among Consumer Packaged Goods companies is 0.54, based on 2,006 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dangote Sugar Refinery's current Equity-to-Asset of 0.13 is 75.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Dangote Sugar Refinery and its competitors. For the Consumer Packaged Goods industry, the median Equity-to-Asset is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dangote Sugar Refinery's current Equity-to-Asset is 0.13, which is 65% below median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dangote Sugar Refinery stock overvalued right now?
Based on GuruFocus' analysis, Dangote Sugar Refinery (NSA:DSRP) is currently considered Fairly Valued. The stock's GF Value™ is ₦73.09, compared to a current price of ₦72.00 — trading 1.5% below its estimated fair value. The current Equity-to-Asset is 0.13, which is 65% below median its 10-year median of 0.37 and 75.9% below the Consumer Packaged Goods industry median of 0.54. Dangote Sugar Refinery's overall GF Score™ is 60/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Dangote Sugar Refinery (NSA:DSRP), the current Equity-to-Asset is 0.13 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Dangote Sugar Refinery (NSA:DSRP) Overvalued in 2026?
Based on GuruFocus' analysis, Dangote Sugar Refinery stock appears to be undervalued.
The current stock price of ₦72.00 is trading 1.5% below its estimated GF Value™ of ₦73.09.
GuruFocus considers Dangote Sugar Refinery to be Fairly Valued.
Key valuation signals for NSA:DSRP:
Equity-to-Asset: 0.13 (65% below median its 10-year median of 0.37)
GF Value™: ₦73.09 vs. price of ₦72.00 (1.5% below fair value)
Industry Position: 75.9% below the Consumer Packaged Goods median (#1855 of 2006)
No single metric tells the full story. See the NSA:DSRP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dangote Sugar Refinery PLC is engaged in refining raw sugar to produce fortified and non-fortified granulated white sugar. The company distributes refined white sugar to consumers and industrial customers in Nigeria. The company is also engaged in the cultivation and milling of sugar cane to finished sugar. Its geographical segments include Northern Nigeria, Western Nigeria, Eastern Nigeria, and Lagos. The company derives a majority of its revenue from the Lagos region.
60GF Score
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