Insurance Australia Group (Insurance Australia Group) LT-Debt-to-Total-Asset : 0.12 (As of Dec. 2023)

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What is Insurance Australia Group 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. Insurance Australia Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.12.

Insurance Australia Group's long-term debt to total assets ratio increased from Dec. 2022 (0.08) to Dec. 2023 (0.12). It may suggest that Insurance Australia Group is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for Insurance Australia 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.

* Premium members only.

Insurance Australia Group LT-Debt-to-Total-Asset Chart

Insurance Australia Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.07

0.08

0.07

Insurance Australia Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.07	0.08	0.07	0.12

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

Insurance Australia Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	1719.463	/	23507.383
	=	0.07

Insurance Australia Group'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 )
	=	2016.734	/	16704.15
	=	0.12

Insurance Australia Group (OTCPK:IAUGY) 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.

Insurance Australia Group LT-Debt-to-Total-Asset Related Terms

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Insurance Australia Group (Insurance Australia Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Insurance Australia Group Ltd (OTCPK:IAUGY) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

IAUGF:USA NRM:Germany IAGPD.PFD:Australia IAG:Australia

Address

Darling Park, 201 Sussex Street, Level 13, Tower Two, Sydney, NSW, AUS, 2000

Website

https://www.iag.com.au

Insurance Australia Group is the biggest domestic general insurer by gross written premium operating in Australia and New Zealand. The key general insurance markets in which the company operates are home and contents, motor vehicle and compulsory third-party, and short-tail commercial. Insurance Australia Group sells insurance under several brands, including NRMA, CGU, SGIO, SGIC, WFI, and Swann in Australia, and NZI, State, AMI, and Lumley in New Zealand.