African Dawn Capital (JSE:ADW) Debt-to-Equity : -1.22 (As of Aug. 2023)

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What is African Dawn Capital Debt-to-Equity?

African Dawn Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was R32.58 Mil. African Dawn Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was R25.72 Mil. African Dawn Capital's Total Stockholders Equity for the quarter that ended in Aug. 2023 was R-47.77 Mil. African Dawn Capital's debt to equity for the quarter that ended in Aug. 2023 was -1.22.

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 African Dawn Capital's Debt-to-Equity or its related term are showing as below:

JSE:ADW' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.24 Med: 0.9 Max: 6.22
Current: -1.22

During the past 13 years, the highest Debt-to-Equity Ratio of African Dawn Capital was 6.22. The lowest was -4.24. And the median was 0.90.

JSE:ADW's Debt-to-Equity is not ranked
in the Credit Services industry.
Industry Median: 1.13 vs JSE:ADW: -1.22

African Dawn Capital Debt-to-Equity Historical Data

The historical data trend for African Dawn Capital'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.

African Dawn Capital Debt-to-Equity Chart

African Dawn Capital Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

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1.51

-4.24

-1.58

-1.48

-1.25

African Dawn Capital Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Debt-to-Equity	Get a 7-Day Free Trial															-1.68	-1.48	-1.34	-1.25	-1.22

Competitive Comparison of African Dawn Capital's Debt-to-Equity

For the Credit Services subindustry, African Dawn Capital'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.

African Dawn Capital's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, African Dawn Capital's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where African Dawn Capital's Debt-to-Equity falls into.

African Dawn Capital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

African Dawn Capital's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(32.185	+	19.049)	/	-41.008
	=	-1.25

African Dawn Capital's Debt to Equity Ratio for the quarter that ended in Aug. 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
	=	(32.579	+	25.717)	/	-47.769
	=	-1.22

African Dawn Capital (JSE:ADW) 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.

African Dawn Capital Debt-to-Equity Related Terms

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

African Dawn Capital (JSE:ADW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » African Dawn Capital Ltd (JSE:ADW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corner of Sonop and Ontdekkers Roads, 3rd Floor, The Village at Horizon, Horizon View, Johannesburg, GT, ZAF, 1724

Website

https://www.afdawn.co.za

African Dawn Capital Ltd operates as a microfinance company. The company's operating segment includes Investment advisory and investment management and Microfinance. It generates maximum revenue from the Microfinance segment. Geographically, it operates only in South Africa.

African Dawn Capital (JSE:ADW) Headlines

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