Ameriprise Financial (STU:A4S) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Ameriprise Financial 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. Ameriprise Financial's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Ameriprise Financial's long-term debt to total assets ratio declined from Mar. 2023 (0.04) to Mar. 2024 (0.03). It may suggest that Ameriprise Financial is progressively becoming less dependent on debt to grow their business.

Ameriprise Financial LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ameriprise Financial'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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Ameriprise Financial LT-Debt-to-Total-Asset Chart

Ameriprise Financial Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.03

0.02

0.03

Ameriprise Financial 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															0.04	0.03	0.04	0.03	0.03

Ameriprise Financial LT-Debt-to-Total-Asset Calculation

Ameriprise Financial'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 )
	=	4588.668	/	160650.147
	=	0.03

Ameriprise Financial'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 )
	=	5075.64	/	165444.52
	=	0.03

Ameriprise Financial (STU:A4S) 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.

Ameriprise Financial LT-Debt-to-Total-Asset Related Terms

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Ameriprise Financial (STU:A4S) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ameriprise Financial Inc (STU:A4S) » Definitions » LT-Debt-to-Total-Asset

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Address

1099 Ameriprise Financial Center, Minneapolis, MN, USA, 55474

Website

https://www.ameriprise.com

Ameriprise Financial has emerged is a major player in the U.S. market for asset and wealth management, with around $1.3 trillion in total assets under management and advisement at the end of the second quarter of 2023. Ameriprise has one of the largest branded advisor networks in the industry, and about 80% of the company's revenue comes from its asset and wealth management segments. Ameriprise has reduced its exposure to insurance with the sale of its auto and home insurance business in 2019 and discontinuing the sale of its proprietary fixed annuities in 2020. Around 90% of the company's pretax earnings are from the United States.

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