Afine Investments (JSE:ANI) Debt-to-Equity : 0.43 (As of Aug. 2023)

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What is Afine Investments Debt-to-Equity?

Afine Investments's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was R15.12 Mil. Afine Investments's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was R97.85 Mil. Afine Investments's Total Stockholders Equity for the quarter that ended in Aug. 2023 was R262.63 Mil. Afine Investments's debt to equity for the quarter that ended in Aug. 2023 was 0.43.

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 Afine Investments's Debt-to-Equity or its related term are showing as below:

JSE:ANI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35 Med: 0.41 Max: 0.46
Current: 0.43

During the past 3 years, the highest Debt-to-Equity Ratio of Afine Investments was 0.46. The lowest was 0.35. And the median was 0.41.

JSE:ANI's Debt-to-Equity is ranked better than
79.91% of 672 companies
in the REITs industry
Industry Median: 0.785 vs JSE:ANI: 0.43

Afine Investments Debt-to-Equity Historical Data

The historical data trend for Afine Investments'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.

Afine Investments Debt-to-Equity Chart

Afine Investments Annual Data

Trend

Feb21

Feb22

Feb23

Debt-to-Equity

4.83

0.35

0.41

Afine Investments Semi-Annual Data
	Aug21	Feb22	Aug22	Feb23	Aug23
Debt-to-Equity	0.46	0.35	0.41	0.41	0.43

Competitive Comparison of Afine Investments's Debt-to-Equity

For the REIT - Specialty subindustry, Afine Investments'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.

Afine Investments's Debt-to-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Afine Investments's Debt-to-Equity distribution charts can be found below:

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

Afine Investments Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Afine Investments'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
	=	(14.469	+	94.26)	/	262.658
	=	0.41

Afine Investments'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
	=	(15.115	+	97.853)	/	262.629
	=	0.43

Afine Investments (JSE:ANI) 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.

Afine Investments Debt-to-Equity Related Terms

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

Afine Investments (JSE:ANI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Afine Investments Ltd (JSE:ANI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 4602, Greenways, Strand, Western Cape, ZAF, 7140

Website

https://www.afineinvestments.com

Afine Investments Ltd is a specialized commercial real estate. It holds a portfolio of income-generating immovable properties focused mainly on the petroleum sector. geographically company operates in Gauteng and North-West, Mpumalanga, and Western Cape Segment. Out of these geographical segment majority of revenue is generated from Gauteng and North-West.

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