ELFIF (E-L Financial) Debt-to-Asset : 0.02 (As of Sep. 2024)

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What is E-L Financial Debt-to-Asset?

E-L Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0 Mil. E-L Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $442 Mil. E-L Financial's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $20,451 Mil. E-L Financial's debt to asset for the quarter that ended in Sep. 2024 was 0.02.

E-L Financial Debt-to-Asset Historical Data

The historical data trend for E-L Financial's Debt-to-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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E-L Financial Debt-to-Asset Chart

E-L Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.02

0.03

E-L Financial Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.03	0.03	0.03	0.02	0.02

Competitive Comparison of E-L Financial's Debt-to-Asset

For the Insurance - Life subindustry, E-L Financial's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

E-L Financial's Debt-to-Asset Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, E-L Financial's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where E-L Financial's Debt-to-Asset falls into.

E-L Financial Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

E-L Financial's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(29.815	+	516.822)	/	19200.651
	=	0.03

E-L Financial's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	442.038)	/	20450.858
	=	0.02

E-L Financial (OTCPK:ELFIF) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

E-L Financial Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of E-L Financial's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

E-L Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » E-L Financial Corp Ltd (OTCPK:ELFIF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

ELF.PR.H.PFD:Canada ELF.PR.G.PFD:Canada ELF.PR.F.PFD:Canada ELF:Canada

Address

165 University Avenue, 10th Floor, Toronto, ON, CAN, M5H 3B8

Website

https://www.e-lfinancial.ca

E-L Financial Corp Ltd operates as an investment and insurance holding company that provides a broad range of wealth management products, individual insurance products, group plans, and financial services to meet the needs of individuals, professionals, and businesses. The firm has two segments; The Empire Life operating segment underwrites life and health insurance policies and provides segregated funds, mutual funds, and annuity products, and the E-L Corporate segment operations include the oversight of investments in equities held through holdings of common shares, investment funds, closed-end investment companies, and other private companies.

E-L Financial Headlines

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