Alm Brand AS (FRA:1AM) Debt-to-Asset : 0.04 (As of Jun. 2024)

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What is Alm Brand AS Debt-to-Asset?

Alm Brand AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €0 Mil. Alm Brand AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €205 Mil. Alm Brand AS's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was €4,915 Mil. Alm Brand AS's debt to asset for the quarter that ended in Jun. 2024 was 0.04.

Alm Brand AS Debt-to-Asset Historical Data

The historical data trend for Alm Brand AS'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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Alm Brand AS Debt-to-Asset Chart

Alm Brand AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.04

0.05

0.07

Alm Brand AS Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Asset	Get a 7-Day Free Trial															0.04	0.05	0.07	0.04	0.04

Competitive Comparison of Alm Brand AS's Debt-to-Asset

For the Insurance - Diversified subindustry, Alm Brand AS'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.

Alm Brand AS's Debt-to-Asset Distribution in the Insurance Industry

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

* The bar in red indicates where Alm Brand AS's Debt-to-Asset falls into.

Alm Brand AS Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Alm Brand AS'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
	=	(0	+	320.523)	/	4772.162
	=	0.07

Alm Brand AS's Debt-to-Asset for the quarter that ended in Jun. 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	+	204.997)	/	4915.248
	=	0.04

Alm Brand AS (FRA:1AM) 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.

Alm Brand AS Debt-to-Asset Related Terms

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Alm Brand AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Alm Brand AS (FRA:1AM) » Definitions » Debt-to-Asset

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Traded in Other Exchanges

0DJI:UK ALMB:Denmark

Address

Midtermolen 7, Copenhagen, DNK, DK-2100

Website

https://www.almbrand.dk

Alm Brand A/S is a Danish investment holding company that its subsidiaries operate within the financial services, non-life insurance, life insurance, and banking industries. The non-life insurance segment exclusively services clients ranging from private customers to small and medium-size enterprises, among others. The life insurance segment offers life insurance, pension savings, and pension insurance. The banking segment offers services such as bond, equity, currency trading, asset servicing, leasing, and private banking to private and commercial clients. The non-life insurance business is the core business of the firm and generates a vast majority of its income.

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