Dangote Cement (NSA:DCP) Debt-to-Asset : 0.24 (As of Mar. 2024)

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What is Dangote Cement Debt-to-Asset?

Dangote Cement's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₦775,325 Mil. Dangote Cement's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₦436,221 Mil. Dangote Cement's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ₦5,129,645 Mil. Dangote Cement's debt to asset for the quarter that ended in Mar. 2024 was 0.24.

Dangote Cement Debt-to-Asset Historical Data

The historical data trend for Dangote Cement'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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Dangote Cement Debt-to-Asset Chart

Dangote Cement Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.15

0.17

0.15

Dangote Cement Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.24	0.26	0.27	0.15	0.24

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

For the Building Materials subindustry, Dangote Cement'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.

Dangote Cement's Debt-to-Asset Distribution in the Building Materials Industry

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

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

Dangote Cement Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Dangote Cement'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
	=	(584119	+	16505)	/	3938725
	=	0.15

Dangote Cement's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(775325	+	436221)	/	5129645
	=	0.24

Dangote Cement (NSA:DCP) 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.

Dangote Cement Debt-to-Asset 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-Asset

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.