ACIC (American Coastal Insurance) LT-Debt-to-Total-Asset : 0.13 (As of Dec. 2024)

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What is American Coastal Insurance LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. American Coastal Insurance's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.13.

American Coastal Insurance's long-term debt to total assets ratio declined from Dec. 2023 (0.14) to Dec. 2024 (0.13). It may suggest that American Coastal Insurance is progressively becoming less dependent on debt to grow their business.

American Coastal Insurance LT-Debt-to-Total-Asset Historical Data

The historical data trend for American Coastal Insurance's LT-Debt-to-Total-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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American Coastal Insurance LT-Debt-to-Total-Asset Chart

American Coastal Insurance Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.06

0.05

0.14

0.13

American Coastal Insurance Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.14	0.14	0.11	0.13	0.13

American Coastal Insurance LT-Debt-to-Total-Asset Calculation

American Coastal Insurance's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	152.343	/	1216.112
	=	0.13

American Coastal Insurance's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	152.343	/	1216.112
	=	0.13

American Coastal Insurance (NAS:ACIC) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

American Coastal Insurance LT-Debt-to-Total-Asset Related Terms

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American Coastal Insurance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » American Coastal Insurance Corp (NAS:ACIC) » Definitions » LT-Debt-to-Total-Asset

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0UI:Germany

Address

570 Carillon Parkway, Suite 100, Saint Petersburg, FL, USA, 33716

Website

https://www.amcoastal.com

American Coastal Insurance Corp is a holding company that underwrites commercial residential property and casualty insurance policies in the United States through its wholly-owned insurance subsidiary.

Executives

Brad Martz	officer: Chief Financial Officer	C/O UNITED INSURANCE HOLDINGS CORP., 360 CENTRAL AVE., SUITE 900, ST. PETERSBURG FL 33701
Christopher Griffith	officer: Chief Information Officer	800 2ND AVE S, ST PETERSBURG FL 33701
Patrick Maroney	director	800 2ND AVE S, ST PETERSBURG FL 33701
Michael Hogan	director	1359 21ST AVENUE N., SUITE 105, MYRTLE BEACH SC 29577
Kern Michael Davis	10 percent owner	6334 BAHAMA SHORES DR, S, ST. PETERSBURG FL 33705
Hood Iii William H.	10 percent owner	3962 TARIAN CT, PALM HARBOR FL 34684
Alec Ii Poitevint	director	360 CENTRAL AVENUE, SUITE 900, SAINT PETERSBURG FL 33701
Kent G Whittemore	director	360 CENTRAL AVENUE, SUITE 900, SAINT PETERSBURG FL 33701
Sherrill W Hudson	director	201 SOUTH BISCAYNE BOULEVARD, 34TH FLOOR, MIAMI CENTER, MIAMI FL 33131
Gregory C Branch	director, 10 percent owner, other: Chairman of the Board	360 CENTRAL AVENUE, SUITE 900, SAINT PETERBURG FL 33701
Brooke Shirazi	officer: Chief Underwriting Officer	800 2ND AVE S, ST. PETERSBURG FL 33701
John Scott St	officer: Chief Claims Officer	800 2ND AVE S, ST PETERSBURG FL 33701
Brooke Adler	officer: Chief Legal Officer	800 2ND AVE S, ST PETERSBURG FL 33701
Alycia Weigley	officer: Chief Talent Officer	800 2ND AVE S, ST. PETERSBURG FL 33701
Christian Dittman	officer: Chief Risk Officer	800 2ND AVE S, ST PETERSBURG FL 33701