AAGR (African Agriculture Holdings) LT-Debt-to-Total-Asset: 0.39 (As of Mar. 2024)


What is African Agriculture Holdings LT-Debt-to-Total-Asset?

African Agriculture Holdings AAGR +9,900.00% LT-Debt-to-Total-Asset is 0.39 as of Mar. 2024.

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. African Agriculture Holdings's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.39.

African Agriculture Holdings's long-term debt to total assets ratio increased from Mar. 2023 (0.24) to Mar. 2024 (0.39). It may suggest that African Agriculture Holdings is progressively becoming more dependent on debt to grow their business.

African Agriculture Holdings  (OTCPK:AAGR) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

African Agriculture Holdings LT-Debt-to-Total-Asset Related Terms

African Agriculture Holdings LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for African Agriculture Holdings's LT-Debt-to-Total-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.

African Agriculture Holdings LT-Debt-to-Total-Asset Chart

African Agriculture Holdings Annual Data
Trend Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
1.97 0.23 0.37

African Agriculture Holdings Quarterly Data
Dec21 Mar22 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only 0.24 0.32 0.48 0.37 0.39

African Agriculture Holdings LT-Debt-to-Total-Asset Calculation

African Agriculture Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )/Total Assets (A: Dec. 2023 )
=6.819/18.382
=0.37

African Agriculture Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )/Total Assets (Q: Mar. 2024 )
=6.854/17.408
=0.39

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.39 mean?
African Agriculture Holdings (AAGR) has a LT-Debt-to-Total-Asset of 0.39 as of Mar. 2024. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on African Agriculture Holdings and its competitors.
Is African Agriculture Holdings' LT-Debt-to-Total-Asset too high?
African Agriculture Holdings' current LT-Debt-to-Total-Asset is 0.39.
How does African Agriculture Holdings' LT-Debt-to-Total-Asset compare to SHMP and AGRI?
African Agriculture Holdings' LT-Debt-to-Total-Asset of 0.39 can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Consumer Packaged Goods company?
A good LT-Debt-to-Total-Asset depends on the Consumer Packaged Goods industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on African Agriculture Holdings and its competitors. African Agriculture Holdings's current LT-Debt-to-Total-Asset is 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is African Agriculture Holdings stock overvalued right now?
African Agriculture Holdings (AAGR) has a current LT-Debt-to-Total-Asset of 0.39. The current LT-Debt-to-Total-Asset is 0.39. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For African Agriculture Holdings (AAGR), the current LT-Debt-to-Total-Asset is 0.39 as of Mar. 2024. 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.

African Agriculture Holdings Business Description

Address 445 Park Avenue, Ninth Floor, New York, NY, USA, 10022
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 in Senegal and the surrounding regions in Africa, the Economic Community of West African States (ECOWAS) region and the Middle East.