EMC Insurance Group (EMC Insurance Group) LT-Debt-to-Total-Asset

: 0.01 (As of Jun. 2019)

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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. EMC Insurance Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2019 was 0.01.

EMC Insurance Group's long-term debt to total assets ratio declined from Jun. 2018 (0.02) to Jun. 2019 (0.01). It may suggest that EMC Insurance Group is progressively becoming less dependent on debt to grow their business.

EMC Insurance Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for EMC Insurance Group'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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EMC Insurance Group Annual Data

Trend

Dec09

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Dec18

LT-Debt-to-Total-Asset

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0.02

EMC Insurance Group Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.02	0.01	0.01

EMC Insurance Group LT-Debt-to-Total-Asset Calculation

EMC Insurance Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2018 is calculated as

LT Debt to Total Assets (A: Dec. 2018 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2018 )	/	Total Assets (A: Dec. 2018 )
	=	25	/	1685.478
	=	0.01

EMC Insurance Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2019 is calculated as

LT Debt to Total Assets (Q: Jun. 2019 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2019 )	/	Total Assets (Q: Jun. 2019 )
	=	25	/	1788.151
	=	0.01

EMC Insurance Group (NAS:EMCI) 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.

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EMC Insurance Group (EMC Insurance Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » EMC Insurance Group Inc (NAS:EMCI) » Definitions » LT-Debt-to-Total-Asset

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Address

717 Mulberry Street, Des Moines, IA, USA, 50309

Website

http://www.emcins.com

EMC Insurance Group Inc is a United States based insurance provider that focusses on non-life insurance products. It derives significant revenues from its property and casualty insurance products, which it sells through its subsidiaries company. Its secondary source of revenue is its reinsurance segment. The group manages its reinsurance business through its subsidiary, EMC Reinsurance company, which sells commercial lines of property and casualty insurance products to small and medium-sized businesses.

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