Dangote Cement (NSA:DCP) Debt-to-Equity : 0.36 (As of Dec. 2023)

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What is Dangote Cement Debt-to-Equity?

Dangote Cement's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₦584,119 Mil. Dangote Cement's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₦16,505 Mil. Dangote Cement's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₦1,691,034 Mil. Dangote Cement's debt to equity for the quarter that ended in Dec. 2023 was 0.36.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Dangote Cement's Debt-to-Equity or its related term are showing as below:

NSA:DCP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.39 Max: 0.48
Current: 0.36

During the past 13 years, the highest Debt-to-Equity Ratio of Dangote Cement was 0.48. The lowest was 0.29. And the median was 0.39.

NSA:DCP's Debt-to-Equity is ranked better than
54.24% of 354 companies
in the Building Materials industry
Industry Median: 0.39 vs NSA:DCP: 0.36

Dangote Cement Debt-to-Equity Historical Data

The historical data trend for Dangote Cement's Debt-to-Equity 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.

* Premium members only.

Dangote Cement Debt-to-Equity Chart

Dangote Cement Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.29

0.38

0.41

0.36

Dangote Cement Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.36	0.57	0.64	0.69	0.36

Competitive Comparison of Dangote Cement's Debt-to-Equity

For the Building Materials subindustry, Dangote Cement's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Cement's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Dangote Cement's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Dangote Cement's Debt-to-Equity falls into.

Dangote Cement Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dangote Cement's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(584119	+	16505)	/	1691034
	=	0.36

Dangote Cement's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(584119	+	16505)	/	1691034
	=	0.36

Dangote Cement (NSA:DCP) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Dangote Cement Debt-to-Equity Related Terms

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Dangote Cement (NSA:DCP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Dangote Cement PLC (NSA:DCP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1, Alfred Rewane Road, P.O. Box 40032, Falomo, Ikoyi, Union Marble House, Lagos, NGA

Website

http://www.dangotecement.com

Dangote Cement PLC is a Nigerian cement manufacturer. It manufactures and markets cement and related products through its 'Dangote' brand. Its geographical segment includes Nigeria and Pan Africa. The company derives a majority of revenue from Nigeria segment.