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Gainsco (Gainsco) Debt-to-Asset : 0.21 (As of Sep. 2010)


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What is Gainsco Debt-to-Asset?

Gainsco's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2010 was $8.6 Mil. Gainsco's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2010 was $43.0 Mil. Gainsco's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2010 was $245.2 Mil. Gainsco's debt to asset for the quarter that ended in Sep. 2010 was 0.21.

Gainsco Debt-to-Asset Historical Data

The historical data trend for Gainsco's Debt-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.

Gainsco Debt-to-Asset Chart

Gainsco Annual Data
Trend Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.18 0.20 0.21 0.22

Gainsco Quarterly Data
Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.20 0.22 0.21 0.22 0.21

Competitive Comparison of Gainsco's Debt-to-Asset

For the Insurance - Property & Casualty subindustry, Gainsco's Debt-to-Asset, along with its competitors' market caps and Debt-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.

Gainsco's Debt-to-Asset Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Gainsco's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Gainsco's Debt-to-Asset falls into.


Gainsco Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Gainsco's Debt-to-Asset for the fiscal year that ended in Dec. 2009 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(9.203 + 43) / 241.902
=0.22

Gainsco's Debt-to-Asset for the quarter that ended in Sep. 2010 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(8.561 + 43) / 245.244
=0.21

* 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.

Gainsco  (OTCPK:GANS) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Gainsco Debt-to-Asset Related Terms

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

Gainsco (Gainsco) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Gainsco Inc (OTCPK:GANS) » Definitions » Debt-to-Asset
Comparable Companies
KAR:EFUG OSL:INSR SAU:8070 SAU:8020 STC:BMI SAU:8160 HSTC:VNR LSE:PGH TPE:2852 BSP:CSAB3 KAR:IGIHL KINS KAR:AICL SAU:8050 BKK:NKI BKK:MTI XKLS:6009 XKRX:000540 CYS:ATL TSX:EFH
Traded in Other Exchanges
N/A
Address
3333 Lee Parkway, Suite 1200, Dallas, TX, USA, 75219-5134
Website
http://www.gainsco.com
Gainsco Inc is a United States-based property and casualty insurance holding company. It focuses on the non-standard personal automobile market, specializing in minimum-limits personal auto insurance. The company's insurance brand is GAINSCO Auto Insurance. It sells the insurance policies through independent partner agents and website comparison shopping places.
Executives
Robert J Boulware director 101 JEFFERSON DRIVE, MENLO PARK CA 94025
Sam Rosen other: Former Director 4428 RIVERIDGE DRIVE, FORT WORTH TX 76109
Robert W Stallings director, 10 percent owner, officer: Executive Chairman 5242 BUENA VISTA DRIVE, FRISCO TX 75034
John C Goff director, 10 percent owner 500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102
James Richard Reis 10 percent owner, officer: Executive Vice President 3333 LEE PARKWAY, SUITE 1200, DALLAS TX 75219

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