Afrocentric Investment (JSE:ACT) Debt-to-Equity : 0.24 (As of Dec. 2023)

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What is Afrocentric Investment Debt-to-Equity?

Afrocentric Investment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R186 Mil. Afrocentric Investment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R670 Mil. Afrocentric Investment's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R3,623 Mil. Afrocentric Investment's debt to equity for the quarter that ended in Dec. 2023 was 0.24.

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 Afrocentric Investment's Debt-to-Equity or its related term are showing as below:

JSE:ACT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.22 Max: 0.46
Current: 0.24

During the past 13 years, the highest Debt-to-Equity Ratio of Afrocentric Investment was 0.46. The lowest was 0.01. And the median was 0.22.

JSE:ACT's Debt-to-Equity is ranked better than
65.33% of 548 companies
in the Healthcare Providers & Services industry
Industry Median: 0.485 vs JSE:ACT: 0.24

Afrocentric Investment Debt-to-Equity Historical Data

The historical data trend for Afrocentric Investment'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.

Afrocentric Investment Debt-to-Equity Chart

Afrocentric Investment Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.39

0.30

0.43

0.35

0.29

Afrocentric Investment 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-Equity	Get a 7-Day Free Trial															0.43	0.35	0.46	0.29	0.24

Competitive Comparison of Afrocentric Investment's Debt-to-Equity

For the Medical Care Facilities subindustry, Afrocentric Investment'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.

Afrocentric Investment's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Afrocentric Investment's Debt-to-Equity distribution charts can be found below:

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

Afrocentric Investment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Afrocentric Investment's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(291.651	+	704.688)	/	3442.917
	=	0.29

Afrocentric Investment'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
	=	(185.896	+	669.532)	/	3623.015
	=	0.24

Afrocentric Investment (JSE:ACT) 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.

Afrocentric Investment Debt-to-Equity Related Terms

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Afrocentric Investment (JSE:ACT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Afrocentric Investment Corp Ltd (JSE:ACT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

37 Conrad Road, Florida North, Roodepoort, ZAF, 1709

Website

http://www.afrocentric.za.com

Afrocentric Investment Corp Ltd is a black-owned investment holding company with an investment portfolio focused on services to the healthcare sector. It seeks to invest in healthcare-related businesses that demonstrate prospects for growth as well as diversify its revenue sources while contributing to the sustainable health and welfare of South African communities. The company provides health administration and health risk management solutions to the healthcare industry. It also provides a range of complementary services to its traditional medical scheme clients and a portfolio of healthcare-related enterprises. These services include information technology solutions, transactional switching, specialized disease management, pharmaceutical wholesaling, amongst others.