Afine Investments (JSE:ANI) LT-Debt-to-Total-Asset : 0.23 (As of Feb. 2024)

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What is Afine Investments LT-Debt-to-Total-Asset?

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. Afine Investments's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.23.

Afine Investments's long-term debt to total assets ratio declined from Feb. 2023 (0.26) to Feb. 2024 (0.23). It may suggest that Afine Investments is progressively becoming less dependent on debt to grow their business.

Afine Investments LT-Debt-to-Total-Asset Historical Data

The historical data trend for Afine Investments'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.

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Afine Investments LT-Debt-to-Total-Asset Chart

Afine Investments Annual Data

Trend

Feb21

Feb22

Feb23

Feb24

LT-Debt-to-Total-Asset

0.22

0.26

0.23

Afine Investments Semi-Annual Data
	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.22	0.23	0.26	0.26	0.23

Afine Investments LT-Debt-to-Total-Asset Calculation

Afine Investments's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (A: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2024 )	/	Total Assets (A: Feb. 2024 )
	=	95.181	/	408.194
	=	0.23

Afine Investments's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	95.181	/	408.194
	=	0.23

Afine Investments (JSE:ANI) 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.

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Afine Investments (JSE:ANI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Afine Investments Ltd (JSE:ANI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 4602, Greenways, Strand, Western Cape, ZAF, 7140

Website

https://www.afineinvestments.com

Afine Investments Ltd is a specialized commercial real estate. It holds a portfolio of income-generating immovable properties focused mainly on the petroleum sector. geographically company operates in Gauteng and North-West, Mpumalanga, and Western Cape Segment. Out of these geographical segment majority of revenue is generated from Gauteng and North-West.

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