Grupo Assa (XPTY:ASSA) Debt-to-Asset : 0.15 (As of Mar. 2024)

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What is Grupo Assa Debt-to-Asset?

Grupo Assa's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $451.3 Mil. Grupo Assa's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $92.6 Mil. Grupo Assa's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was $3,669.8 Mil. Grupo Assa's debt to asset for the quarter that ended in Mar. 2024 was 0.15.

Grupo Assa Debt-to-Asset Historical Data

The historical data trend for Grupo Assa'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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Grupo Assa Debt-to-Asset Chart

Grupo Assa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.20

0.21

0.17

0.15

Grupo Assa Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.16	0.15	0.16	0.15	0.15

Competitive Comparison of Grupo Assa's Debt-to-Asset

For the Insurance - Diversified subindustry, Grupo Assa'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.

Grupo Assa's Debt-to-Asset Distribution in the Insurance Industry

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

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

Grupo Assa Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Grupo Assa'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
	=	(388.796	+	162.699)	/	3594.75
	=	0.15

Grupo Assa's Debt-to-Asset for the quarter that ended in Mar. 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
	=	(451.265	+	92.58)	/	3669.77
	=	0.15

Grupo Assa (XPTY:ASSA) 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.

Grupo Assa Debt-to-Asset Related Terms

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Grupo Assa (XPTY:ASSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Grupo Assa SA (XPTY:ASSA) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nicanor de Obarrio Avenue (Calle 50), PO Box 0816-01622, ASSA Building, between Calles 56 and 57, Panama, PAN

Website

https://www.assanet.com

Grupo Assa SA is engaged in the operations of insurance business, banking operations, financial activities and investment operations.

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