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Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Globe Life's Total Liabilities for the quarter that ended in Mar. 2024 was $23,531 Mil. Globe Life's Total Assets for the quarter that ended in Mar. 2024 was $28,571 Mil. Therefore, Globe Life's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 was 0.82.
The historical data trend for Globe Life's Liabilities-to-Assets 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.
Globe Life Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Liabilities-to-Assets | Get a 7-Day Free Trial | 0.72 | 0.70 | 0.71 | 0.85 | 0.84 |
Globe Life Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Liabilities-to-Assets | Get a 7-Day Free Trial | 0.86 | 0.85 | 0.82 | 0.84 | 0.82 |
For the Insurance - Life subindustry, Globe Life's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.
For the Insurance industry and Financial Services sector, Globe Life's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where Globe Life's Liabilities-to-Assets falls into.
Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.
Globe Life's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
Liabilities-to-Assets (A: Dec. 2023 ) | = | Total Liabilities | / | Total Assets |
= | 23564.696 | / | 28051.499 | |
= | 0.84 |
Globe Life's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 is calculated as
Liabilities-to-Assets (Q: Mar. 2024 ) | = | Total Liabilities | / | Total Assets |
= | 23531.432 | / | 28570.593 | |
= | 0.82 |
* 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.
Globe Life (NYSE:GL) Liabilities-to-Assets Explanation
Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.
Thank you for viewing the detailed overview of Globe Life's Liabilities-to-Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Jennifer Allison Haworth | officer: EVP & Chief Marketing Officer | 3700 S. STONEBRIDGE DRIVE, MCKINNEY TX 75070 |
Melissa Jane Buchan | director | 1920 MAIN STREET, SUITE 500, IRVINE CA 92614 |
Dolores L Skarjune | officer: EVP & Chief Admin. Officer | 3700 S. STONEBRIDGE DRIVE, MCKINNEY TX 75070 |
Rebecca E Zorn | officer: EVP & Chief Talent Officer | 3700 S. STONEBRIDGE DRIVE, MCKINNEY TX 75070 |
Michael Clay Majors | officer: EVP - Investor Rel. & Admin. | UNITED AMERICAN INSURANCE COMPANY, 3700 SOUTH STONEBRIDGE DRIVE, MCKINNEY TX 75070 |
Frank M Svoboda | officer: EVP & CFO | 3340 PECAN HOLLOW CT, GRAPEVINE TX 76051 |
James Matthew Darden | officer: EVP, Chief Strategy Officer | 2904 BELCLAIRE DRIVE, FRISCO TX 75034 |
Michael Shane Henrie | officer: SVP & Chief Accounting Officer | UNITED AMERICAN INSURANCE COMPANY, 3700 SOUTH STONEBRIDGE DRIVE, MCKINNEY TX 75070 |
Robert Brian Mitchell | officer: EVP, General Counsel and CRO | 3120 HARVEY PKWY, OKLAHOMA CITY OK 73118 |
Cheryl Alston | director | 3700 S. STONEBRIDGE DRIVE, MCKINNEY TX 75070 |
David A Rodriguez | director | 10400 FERNWOOD ROAD, BETHESDA MD 20817 |
Alice S Cho | director | P.O. BOX 30918, BILLINGS MT 59116-0918 |
Steven John Dichiaro | other: Exec. Officer of Principal Sub | 2152 SEVEN LAKES DR, LOVELAND CO 80538 |
Gary L Coleman | director, officer: Co-Chairman & CEO | |
Larry M Hutchison | director, officer: Co-Chaiman & CEO | P O BOX 8080, MCKINNEY TX 75010 |
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