In this work, the concept of generalized Borgen plots is introduced for spectral data, which are polluted by small negative entries. The analysis is not restricted to three-component systems but can be applied to general s-component systems. Generalized Borgen plots are identical to the classical Borgen plots for nonnegative data. The analysis in this work also bridges the gap between the different scalings (Borgen norms) used for AFS computations.The algorithmic procedure of generalized Borgen plots for three-component systems and its implementation in the FAC-PACK software are described in the second part of this paper.