Africa Resources AB (NGM:AFRI) LT-Debt-to-Total-Asset: 0.18 (As of Mar. 2026)

What is Africa Resources AB LT-Debt-to-Total-Asset?

Africa Resources AB NGM:AFRI +4.00% 28 LT-Debt-to-Total-Asset is 0.18 as of Mar. 2026. GuruFocus rates NGM:AFRI with a GF Score™ of 28/100 and a GF Value™ of kr0.57 (Possible Value Trap). The stock has 3 warning signs investors should review.

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. Africa Resources AB's long-term debt to total assests ratio for the quarter that ended in Mar. 2026 was 0.18.

Africa Resources AB's long-term debt to total assets ratio declined from Mar. 2025 (0.49) to Mar. 2026 (0.18). It may suggest that Africa Resources AB is progressively becoming less dependent on debt to grow their business.

Africa Resources AB (NGM:AFRI) 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.

Africa Resources AB LT-Debt-to-Total-Asset Related Terms

Africa Resources AB LT-Debt-to-Total-Asset Historical Data

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The historical data trend for Africa Resources AB'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.

Africa Resources AB LT-Debt-to-Total-Asset Chart

Africa Resources AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

LT-Debt-to-Total-Asset

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0.29

0.36

0.43

0.46

0.54

Africa Resources AB Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.49	0.51	0.52	0.54	0.18

28GF Score

Africa Resources AB NGM:AFRI

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Africa Resources AB LT-Debt-to-Total-Asset Calculation

Africa Resources AB's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

LT Debt to Total Assets (A: Dec. 2025 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2025 )	/	Total Assets (A: Dec. 2025 )
	=	5.492	/	10.204
	=	0.54

Africa Resources AB's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2026 is calculated as

LT Debt to Total Assets (Q: Mar. 2026 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2026 )	/	Total Assets (Q: Mar. 2026 )
	=	5.636	/	32.243
	=	0.17

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →

What does a LT-Debt-to-Total-Asset of 0.18 mean?

Africa Resources AB (NGM:AFRI) has a LT-Debt-to-Total-Asset of 0.18 as of Mar. 2026. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Africa Resources AB and its competitors.

Is Africa Resources AB's LT-Debt-to-Total-Asset too high?

Africa Resources AB's current LT-Debt-to-Total-Asset is 0.18. Overall, Africa Resources AB has a GF Score™ of 28/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does Africa Resources AB's LT-Debt-to-Total-Asset compare to HL and SIND?

Africa Resources AB's LT-Debt-to-Total-Asset of 0.18 can be compared against companies in the Metals & Mining 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 Metals & Mining company?

A good LT-Debt-to-Total-Asset depends on the Metals & Mining 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 Africa Resources AB and its competitors. Africa Resources AB's current LT-Debt-to-Total-Asset is 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Africa Resources AB stock overvalued right now?

Based on GuruFocus' analysis, Africa Resources AB (NGM:AFRI) is currently considered Possible Value Trap. The stock's GF Value™ is kr0.57, compared to a current price of kr0.13 — trading 77.2% below its estimated fair value. The current LT-Debt-to-Total-Asset is 0.18. Africa Resources AB's overall GF Score™ is 28/100 with 3 warning signs to review. 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 Africa Resources AB (NGM:AFRI), the current LT-Debt-to-Total-Asset is 0.18 as of Mar. 2026. 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 Africa Resources AB (NGM:AFRI) Overvalued in 2026?

Based on GuruFocus' analysis, Africa Resources AB stock appears to be undervalued. The current stock price of kr0.13 is trading 77.2% below its estimated GF Value™ of kr0.57. GuruFocus considers Africa Resources AB to be Possible Value Trap.

Key valuation signals for NGM:AFRI:

LT-Debt-to-Total-Asset: 0.18
GF Value™: kr0.57 vs. price of kr0.13 (77.2% below fair value)
GF Score™: 28/100 with 3 warning signs

No single metric tells the full story. See the NGM:AFRI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Africa Resources AB Business Description

Industry Basic Materials Metals & Mining

Comparable Companies LSE:FRES JSE:VAL ISX:AMMN HL JSE:IMP LIM:BUENAVC1 JSE:SSW TSX:TFPM TSX:CGG JSE:NPH TSXV:ARTG SHSE:600172 SHSE:600459 LSE:HOC ISX:MBMA TSX:PPTA LIM:PODERC1 SZSE:000711 SIND SAU:1322

Address Engelbrektsgatan 7, 1 trp, Stockholm, SWE, 11432

Website http://www.africaresources.se

Africa Resources AB is engaged in exploration and extraction of minerals in Africa. The company is developing projects based on collaborations with local expertise and partners.

28GF Score

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kr0.13

Price

kr0.57

GF Value

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