Midwest Holding (Midwest Holding) Debt-to-Asset : 0.01 (As of Sep. 2023)

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What is Midwest Holding Debt-to-Asset?

Midwest Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Midwest Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $25.00 Mil. Midwest Holding's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2023 was $2,624.25 Mil. Midwest Holding's debt to asset for the quarter that ended in Sep. 2023 was 0.01.

Midwest Holding Debt-to-Asset Historical Data

The historical data trend for Midwest Holding'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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Midwest Holding Debt-to-Asset Chart

Midwest Holding Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Asset

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0.30

0.01

Midwest Holding Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Asset	Get a 7-Day Free Trial															-	0.01	0.01	0.01	0.01

Competitive Comparison of Midwest Holding's Debt-to-Asset

For the Insurance - Life subindustry, Midwest Holding'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.

Midwest Holding's Debt-to-Asset Distribution in the Insurance Industry

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

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

Midwest Holding Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Midwest Holding's Debt-to-Asset for the fiscal year that ended in Dec. 2022 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	+	25)	/	1920.431
	=	0.01

Midwest Holding's Debt-to-Asset for the quarter that ended in Sep. 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	+	25)	/	2624.252
	=	0.01

Midwest Holding (NAS:MDWT) 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.

Midwest Holding Debt-to-Asset Related Terms

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

Midwest Holding (Midwest Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Midwest Holding Inc (NAS:MDWT) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2900 South 70th Street, Suite 400, Lincoln, NE, USA, 68506

Website

https://www.midwestholding.com

Midwest Holding Inc is a financial service holding company. The company is engaged in the underwriting and marketing of life insurance products through American Life. Its product offerings consist of a multi-benefit life insurance policy that combines cash value life insurance with a tax-deferred annuity and a single premium term life product. These product offerings are underwritten, marketed, and managed as a group of similar products on an overall portfolio basis. Geographically, the activities are carried out throughout the region of the United States.

Executives

Knott David M Jr	10 percent owner	DORSET MANAGEMENT CORPORATION, 485 UNDERHILL BOULEVARD, SUITE 205, SYOSSET NY 11791
Diane C. Davis	director	201 WELLS AVENUE SOUTH, RENTON WA 98057
Nancy Lyons Callahan	director	2900 SOUTH 70TH STREET, SUITE 400, LINCOLN NE 68506
Kevin Martin Sheehan	director	115 PINE BROOK ROAD, BEDFORD NY 10506
Knott Partners Lp	10 percent owner	485 UNDERHILL BOULEVARD, SUITE 205, SYOSSET NY 11791
Eoin Elliffe	officer: Chief Risk Officer	2900 SOUTH 70TH STREET, SUITE 400, LINCOLN NE 68506
Daniel Scott Maloney	officer: EVP-Accounting & Finance (PAO)	5250 S. SIXTH ST, C/O UNITED TRUST GROUP, SPRINGIELD IL 62703
Yadin Rozov	director	9 TERRACE CIRCLE, ARMONK NY 10504
Eric N. Berg	officer: Chief Financial Officer	2900 SOUTH 70TH STREET, SUITE 400, L NE 68506
Michael W. Minnich	director, 10 percent owner, officer: Co-Chief Executive Officer	7 EAST 20TH STREET, APARTMENT 12F, NEW YORK NY 10003
Jack Theeler	director	8101 O STREET, SUITE S111, LINCOLN NE 68510
Georgette C. Nicholas	officer: President & CFO	2900 SOUTH 70TH STREET, SUITE 400, LINCOLN NE 68506
Stephen Alan Mace	officer: General Counsel	2900 SOUTH 70TH STREET, SUITE 400, LINCOLN NE 68506
Debra Havranek	officer: VP & CFO	2900 SOUTH 70TH STREET, SUITE 400, LINCOLN NE 68506
Michael Minnich	director, 10 percent owner, officer: Executive Chairman	7 EAST 20TH STREET, APARTMENT 12F, NEW YORK NY 10003