Erie Indemnity Co (Erie Indemnity Co) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Erie Indemnity Co 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. Erie Indemnity Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Erie Indemnity Co's long-term debt to total assets ratio stayed the same from Mar. 2023 (0.00) to Mar. 2024 (0.00).

Erie Indemnity Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Erie Indemnity Co'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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Erie Indemnity Co LT-Debt-to-Total-Asset Chart

Erie Indemnity Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.04

Erie Indemnity Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

Erie Indemnity Co LT-Debt-to-Total-Asset Calculation

Erie Indemnity Co'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 )
	=	0	/	2471.964
	=	0.00

Erie Indemnity Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	0	/	2555.794
	=	0.00

Erie Indemnity Co (NAS:ERIE) 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.

Erie Indemnity Co LT-Debt-to-Total-Asset Related Terms

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Erie Indemnity Co (Erie Indemnity Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Erie Indemnity Co (NAS:ERIE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

EI2:Germany

Address

100 Erie Insurance Place, Erie, PA, USA, 16530

Website

https://www.erieinsurance.com

Erie Indemnity Co primarily performs services on behalf of the Erie Insurance Exchange relating to sales, underwriting, and issuance of policies. Erie Indemnity's results are tied to the performance of the Insurance Exchange, which principally provides automobile and homeowners insurance for individuals, along with multiperil, workers' compensation, and commercial automobile insurance for its commercial clients. Erie Indemnity's management fee is typically 25% of the Exchange's premiums, and this accounts for all of Erie Indemnity's revenue. The company operates exclusively in the United States.

Executives

Marc Cipriani	officer: Senior Vice President	100 ERIE INSURANCE PLACE, ERIE PA 16530
Sean Dugan	officer: Executive Vice President	100 ERIE INSURANCE PLACE, ERIE PA 16530
Parthasarathy Srinivasa	officer: EVP, Chief Information Officer	100 ERIE INSURANCE PLACE, ERIE PA 16530
Jorie L Novacek	officer: SVP, Controller	100 ERIE INSURANCE PLACE, ERIE PA 16530
Thomas B Hagen	director	230 WEST 6TH STREET, ERIE PA 16507-1319
Eugene C Connell	director	785 HUNTINGTON DRIVE, ERIE PA 16505
Elizabeth A Vorsheck	director, 10 percent owner	6252 COMMERCIAL WAY PMB 140, BROOKSVILLE FL 34613
Brian W. Bolash	officer: SVP,Secretary,General Counsel	100 ERIE INSURANCE PLACE, ERIE PA 16530
Borneman J Ralph Jr	director	NATIONAL PENN BANCSHARES INC, PHILADELPHIA & READING AVENUES, BOYERTOWN PA 19512
Hudson Brian Arden Sr.	director	2407 PARK DRIVE, HARRISBURG PA 17110
Louis F Colaizzo	officer: Senior Vice President	100 ERIE INSURANCE PLACE, ERIE PA 16530
Salvatore Correnti	director	8518 SOUTHFIELDS CIRCLE, LUTHERVILLE MD 21093
Timothy G Necastro	officer: President & CEO, Designate	100 ERIE INSURANCE PL, ERIE PA 16530
Luann Datesh	director	333 OAK FOREST DRIVE, PITTSBURGH PA 15216
Robert C Wilburn	director	110 WASHINGTON AVENUE #1711, MIAMI BEACH FL 33139