African Agriculture Holdings (African Agriculture Holdings) Equity-to-Asset : -0.58 (As of Sep. 2023)

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What is African Agriculture Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. African Agriculture Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-8.49 Mil. African Agriculture Holdings's Total Assets for the quarter that ended in Sep. 2023 was $14.57 Mil. Therefore, African Agriculture Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was -0.58.

The historical rank and industry rank for African Agriculture Holdings's Equity-to-Asset or its related term are showing as below:

AAGR' s Equity-to-Asset Range Over the Past 10 Years
Min: -1.8 Med: -1.23 Max: -0.34
Current: -1.23

During the past 3 years, the highest Equity to Asset Ratio of African Agriculture Holdings was -0.34. The lowest was -1.80. And the median was -1.23.

AAGR's Equity-to-Asset is ranked worse than
97.5% of 1921 companies
in the Consumer Packaged Goods industry
Industry Median: 0.54 vs AAGR: -1.23

African Agriculture Holdings Equity-to-Asset Historical Data

The historical data trend for African Agriculture Holdings's Equity-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.

* Premium members only.

African Agriculture Holdings Equity-to-Asset Chart

African Agriculture Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Equity-to-Asset

-1.80

-0.34

-1.23

African Agriculture Holdings Quarterly Data
	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			-0.34	-0.50	-0.65	-0.58	-1.23

Competitive Comparison of African Agriculture Holdings's Equity-to-Asset

For the Farm Products subindustry, African Agriculture Holdings's Equity-to-Asset, along with its competitors' market caps and Equity-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.

African Agriculture Holdings's Equity-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, African Agriculture Holdings's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where African Agriculture Holdings's Equity-to-Asset falls into.

African Agriculture Holdings Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

African Agriculture Holdings's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-22.583	/	18.382
	=	-1.23

African Agriculture Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-8.492	/	14.57
	=	-0.58

African Agriculture Holdings (NAS:AAGR) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

African Agriculture Holdings Equity-to-Asset Related Terms

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

African Agriculture Holdings (African Agriculture Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » African Agriculture Holdings Inc (NAS:AAGR) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

445 Park Avenue, Ninth Floor, New York, NY, USA, 10022

Website

African Agriculture Holdings Inc is a holding company that operates principally through its wholly-owned subsidiary, which is developing the company's initial commercial farming business based in northern Senegal focusing on the production and sale of alfalfa for cattle feed and nutrition purposes. The company will sell alfalfa to owners and suppliers of cattle for feed and nutritional purposes, primarily in Senegal and the surrounding regions in Africa, the Economic Community of West African States (ECOWAS) region and the Middle East.