Airtel Africa (LSE:AAF) LT-Debt-to-Total-Asset : 0.40 (As of Sep. 2024)

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What is Airtel Africa 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. Airtel Africa's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.40.

Airtel Africa's long-term debt to total assets ratio increased from Sep. 2023 (0.24) to Sep. 2024 (0.40). It may suggest that Airtel Africa is progressively becoming more dependent on debt to grow their business.

Airtel Africa LT-Debt-to-Total-Asset Historical Data

The historical data trend for Airtel Africa'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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Airtel Africa LT-Debt-to-Total-Asset Chart

Airtel Africa Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.37

0.29

0.27

0.26

0.27

Airtel Africa Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.24	0.25	0.27	0.28	0.40

Airtel Africa LT-Debt-to-Total-Asset Calculation

Airtel Africa's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	2108.373	/	7760.607
	=	0.27

Airtel Africa's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	3217.536	/	8050.644
	=	0.40

Airtel Africa (LSE:AAF) 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.

Airtel Africa LT-Debt-to-Total-Asset Related Terms

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Airtel Africa Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Airtel Africa PLC (LSE:AAF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

AARTY:USA AAFRF:USA AIRTELAFRI:Nigeria AAF:Mexico AAFl:UK 9AA:Germany

Address

53/54 Grosvenor Street, First Floor, London, GBR, W1K 3HU

Website

https://www.airtel.africa.com

Airtel Africa PLC is engaged in providing affordable and inventive mobile services. The principal activities of the company primarily consist of the provision of telecommunications and mobile money services. The company's segment includes Nigeria mobile services; East Africa mobile services; Francophone Africa mobile services; Mobile money and others. It generates maximum revenue from the Nigeria mobile services segment. Nigeria's mobile services segment comprises mobile service operations in Nigeria.

Airtel Africa Headlines

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