Afric Industries (CAS:AFI) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Afric Industries Debt-to-Equity?

Afric Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was MAD0.00 Mil. Afric Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was MAD0.00 Mil. Afric Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was MAD43.95 Mil. Afric Industries's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 Afric Industries's Debt-to-Equity or its related term are showing as below:

CAS:AFI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.06 Max: 0.12
Current: 0.02

During the past 8 years, the highest Debt-to-Equity Ratio of Afric Industries was 0.12. The lowest was 0.03. And the median was 0.06.

CAS:AFI's Debt-to-Equity is ranked better than
91.64% of 383 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.35 vs CAS:AFI: 0.02

Afric Industries Debt-to-Equity Historical Data

The historical data trend for Afric Industries'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.

Afric Industries Debt-to-Equity Chart

Afric Industries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.06

0.12

Afric Industries Semi-Annual Data
	Jun14	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial													-	0.06	0.12	0.02	-

Competitive Comparison of Afric Industries's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Afric Industries'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.

Afric Industries's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Afric Industries's Debt-to-Equity distribution charts can be found below:

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

Afric Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Afric Industries'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
	=	(0	+	0)	/	43.95
	=	0.00

Afric Industries'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
	=	(0	+	0)	/	43.95
	=	0.00

Afric Industries (CAS:AFI) 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.

Afric Industries Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Afric Industries's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Afric Industries (CAS:AFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Afric Industries SA (CAS:AFI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Route de Tetouan, Lot 107, Zone Industrielle, Tangier, MAR, BP 368

Website

http://www.africindustries.com

Afric Industries SA is engaged in the development, production and marketing of abrasive products of all shapes and contents. It is also engaged in the manufacturing and sale of tapes and adhesive and self-adhesive tapes; manufacturing, assembling, glazing, installation and marketing of all types of joinery and finished aluminum products and other materials; purchase, sale, import, export, manufacturing, processing, assembly, installation laying of all equipments, materials, tools, accessories, raw materials and spare parts.

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