Loews (MEX:L) Debt-to-Asset : 0.11 (As of Sep. 2024)

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What is Loews Debt-to-Asset?

Loews's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was MXN14,039 Mil. Loews's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was MXN173,688 Mil. Loews's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was MXN1,646,444 Mil. Loews's debt to asset for the quarter that ended in Sep. 2024 was 0.11.

Loews Debt-to-Asset Historical Data

The historical data trend for Loews'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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Loews Debt-to-Asset Chart

Loews Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.14

0.13

0.11

0.12

0.11

Loews 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															0.12	0.11	0.13	0.12	0.11

Competitive Comparison of Loews's Debt-to-Asset

For the Insurance - Property & Casualty subindustry, Loews'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.

Loews's Debt-to-Asset Distribution in the Insurance Industry

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

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

Loews Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Loews'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
	=	(18400.085	+	134419.07)	/	1344309.518
	=	0.11

Loews'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
	=	(14039.184	+	173688.136)	/	1646443.816
	=	0.11

Loews (MEX:L) 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.

Loews Debt-to-Asset Related Terms

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Loews Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Loews Corp (MEX:L) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

L:USA 0JVI:UK L1OE34:Brazil

Address

9 West 57th Street, New York, NY, USA, 10019-2714

Website

https://www.loews.com

Loews Corp is a holding company that is supported by a variety of businesses. Its majority revenue generating subsidiary is CNA Financial Corporation, a property and casualty insurance company. CNA's services include risk management, information services, and warranty and claims administration. Loews also maintains an operation of offshore oil and gas drilling rigs through Diamond Offshore Drilling, Inc. The company engages in the transportation and storage of natural gas and natural gas liquids and gathering and processing of natural gas through Boardwalk Pipeline Partners, LP. Loews also operates a chain of hotels.