Allstate (Allstate) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2023)

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What is Allstate LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Allstate's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.08.

Allstate's long-term debt to total assets ratio declined from Dec. 2022 (0.08) to Dec. 2023 (0.08). It may suggest that Allstate is progressively becoming less dependent on debt to grow their business.

Allstate LT-Debt-to-Total-Asset Historical Data

The historical data trend for Allstate's LT-Debt-to-Total-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.

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Allstate LT-Debt-to-Total-Asset Chart

Allstate Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.08

Allstate Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.09	0.08	0.08	0.08

Allstate LT-Debt-to-Total-Asset Calculation

Allstate's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	7942	/	103362
	=	0.08

Allstate's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	7942	/	103362
	=	0.08

Allstate (NYSE:ALL) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Allstate LT-Debt-to-Total-Asset Related Terms

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Allstate (Allstate) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Allstate Corp (NYSE:ALL) » Definitions » LT-Debt-to-Total-Asset

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Address

3100 Sanders Road, Northbrook, IL, USA, 60062

Website

https://www.allstate.com

Allstate is one of the largest U.S. property and casualty insurers in the U.S. Personal auto represents the largest percentage of revenue, but the company offers homeowners insurance and other insurance products. Allstate products are sold in North America primarily by about 10,000 company agencies.

Executives

John C Pintozzi	officer: SVP, Controller, and CAO	2775 SANDERS ROAD, NORTHBROOK IL 60062
Mark Q Prindiville	other: EVP & Chief Risk Officer - AIC	2775 SANDERS ROAD, NORTHBROOK IL 60062
Zulfikar Jeevanjee	other: EVP & CTO - AIC	3100 SANDERS ROAD, NORTHBROOK IL 60062
Judith A Sprieser	director	USG CORPORATION, 125 SOUTH FRANKLIN STREET, CHICAGO IL 60606
Jesse E Merten	officer: EVP & Chief Risk Officer (AIC)	2775 SANDERS ROAD, NORTHBROOK IL 60062
Monica J Turner	director	3100 SANDERS ROAD, NORTHBROOK IL 60062
Christine M. Debiase	officer: EVP, CLO, GC & Secretary	11225 NORTH COMMUNITY HOUSE ROAD, CHARLOTTE NC 28277
Suren Gupta	other: EVP Allstate Insurance Company	2775 SANDERS ROAD, NORTHBROOK IL 60062
Thomas J Wilson	officer: President and COO	2775 SANDERS RD, NORTHBROOK IL 60062
Terrance Williams	officer: AIC-President Protec Prod&Svcs	7184 BIDDICK, NEW ALBANY OH 43054
Robert Toohey	officer: EVP, Chief HR Officer - AIC	2775 SANDERS ROAD, NORTHBROOK IL 60062
Glenn T Shapiro	other: Pres Allstate Personal Lines	2775 SANDERS ROAD, NORTHBROOK IL 60062
Mario Rizzo	officer: EVP & Chief Financial Officer	2775 SANDERS ROAD, NORTHBROOK IL 60062
Don Civgin	officer: Vice President and CFO	ONE GBC PLAZA, NORTHBROOK IL 60062
Donald Eugene Brown	director	801 E. 86TH AVENUE, MERRILLVILLE IN 46410