Afriquia Gaz (CAS:GAZ) Debt-to-Asset : 0.11 (As of Dec. 2023)

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What is Afriquia Gaz Debt-to-Asset?

Afriquia Gaz's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was MAD114 Mil. Afriquia Gaz's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was MAD894 Mil. Afriquia Gaz's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was MAD8,818 Mil. Afriquia Gaz's debt to asset for the quarter that ended in Dec. 2023 was 0.11.

Afriquia Gaz Debt-to-Asset Historical Data

The historical data trend for Afriquia Gaz's Debt-to-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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Afriquia Gaz Debt-to-Asset Chart

Afriquia Gaz Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.12

0.13

0.10

0.09

0.11

Afriquia Gaz Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.10	0.08	0.09	0.11	0.11

Competitive Comparison of Afriquia Gaz's Debt-to-Asset

For the Oil & Gas Refining & Marketing subindustry, Afriquia Gaz's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Afriquia Gaz's Debt-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Afriquia Gaz's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Afriquia Gaz's Debt-to-Asset falls into.

Afriquia Gaz Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Afriquia Gaz's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(113.874	+	893.658)	/	8818.442
	=	0.11

Afriquia Gaz's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(113.874	+	893.658)	/	8818.442
	=	0.11

Afriquia Gaz (CAS:GAZ) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Afriquia Gaz Debt-to-Asset Related Terms

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Afriquia Gaz (CAS:GAZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Afriquia Gaz (CAS:GAZ) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

139 Boulevard Moulay Ismail, Casablanca, MAR, 20700

Website

http://www.afriquiagaz.com

Afriquia Gaz is a Morocco-based company engaged in the business of distributing liquefied petroleum gas (LPG) such as butane, propane and its by-products. The company is also involved in the import, export, trade, refining, storage, stocking, transportation, deposit and administration of LPG. It markets its products under five brands namely Afriquia Gaz, Tissir Gaz, Campingaz, Ultragaz and National Gaz.